NORSKE SKOG ASA (NSKOG.OL) Fundamental Analysis & Valuation

OSL:NSKOG • NO0010861115

Current stock price

46.6 NOK
-1.05 (-2.2%)
Last:

This NSKOG.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. NSKOG.OL Profitability Analysis

1.1 Basic Checks

  • NSKOG had negative earnings in the past year.
  • In the past year NSKOG had a positive cash flow from operations.
  • In multiple years NSKOG reported negative net income over the last 5 years.
  • NSKOG had a positive operating cash flow in 4 of the past 5 years.
NSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFNSKOG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • NSKOG's Return On Assets of 2.75% is fine compared to the rest of the industry. NSKOG outperforms 66.67% of its industry peers.
  • NSKOG has a better Return On Equity (6.94%) than 75.00% of its industry peers.
  • NSKOG's Return On Invested Capital of 1.46% is on the low side compared to the rest of the industry. NSKOG is outperformed by 75.00% of its industry peers.
Industry RankSector Rank
ROA 2.75%
ROE 6.94%
ROIC 1.46%
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
ROIC(3y)N/A
ROIC(5y)N/A
NSKOG.OL Yearly ROA, ROE, ROICNSKOG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.28%, NSKOG is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NSKOG has declined.
  • With a Operating Margin value of 2.23%, NSKOG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • The Gross Margin of NSKOG (34.02%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of NSKOG has declined.
Industry RankSector Rank
OM 2.23%
PM (TTM) 4.28%
GM 34.02%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-11.22%
GM growth 5Y-5.63%
NSKOG.OL Yearly Profit, Operating, Gross MarginsNSKOG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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1

2. NSKOG.OL Health Analysis

2.1 Basic Checks

  • NSKOG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NSKOG remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, NSKOG has more shares outstanding
  • The debt/assets ratio for NSKOG is higher compared to a year ago.
NSKOG.OL Yearly Shares OutstandingNSKOG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSKOG.OL Yearly Total Debt VS Total AssetsNSKOG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.71, we must say that NSKOG is in the distress zone and has some risk of bankruptcy.
  • NSKOG's Altman-Z score of 0.71 is on the low side compared to the rest of the industry. NSKOG is outperformed by 83.33% of its industry peers.
  • NSKOG has a Debt/Equity ratio of 0.76. This is a neutral value indicating NSKOG is somewhat dependend on debt financing.
  • NSKOG has a worse Debt to Equity ratio (0.76) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 0.71
ROIC/WACC0.24
WACC6.04%
NSKOG.OL Yearly LT Debt VS Equity VS FCFNSKOG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • NSKOG has a Current Ratio of 1.14. This is a normal value and indicates that NSKOG is financially healthy and should not expect problems in meeting its short term obligations.
  • NSKOG has a Current ratio of 1.14. This is in the lower half of the industry: NSKOG underperforms 75.00% of its industry peers.
  • NSKOG has a Quick Ratio of 1.14. This is a bad value and indicates that NSKOG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NSKOG has a worse Quick ratio (0.76) than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.76
NSKOG.OL Yearly Current Assets VS Current LiabilitesNSKOG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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4

3. NSKOG.OL Growth Analysis

3.1 Past

  • The earnings per share for NSKOG have decreased strongly by -173.92% in the last year.
  • Measured over the past years, NSKOG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -67.84% on average per year.
  • The Revenue has been growing slightly by 2.30% in the past year.
  • Measured over the past years, NSKOG shows a small growth in Revenue. The Revenue has been growing by 0.59% on average per year.
EPS 1Y (TTM)-173.92%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%-47.26%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-7.22%

3.2 Future

  • Based on estimates for the next years, NSKOG will show a very strong growth in Earnings Per Share. The EPS will grow by 92.70% on average per year.
  • Based on estimates for the next years, NSKOG will show a small growth in Revenue. The Revenue will grow by 7.68% on average per year.
EPS Next Y28.13%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
EPS Next 5YN/A
Revenue Next Year11.66%
Revenue Next 2Y9.44%
Revenue Next 3Y7.68%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NSKOG.OL Yearly Revenue VS EstimatesNSKOG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
NSKOG.OL Yearly EPS VS EstimatesNSKOG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 -5 10 15

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1

4. NSKOG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • NSKOG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • NSKOG is valuated quite expensively with a Price/Forward Earnings ratio of 51.71.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NSKOG indicates a slightly more expensive valuation: NSKOG is more expensive than 75.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of NSKOG to the average of the S&P500 Index (21.41), we can say NSKOG is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 51.71
NSKOG.OL Price Earnings VS Forward Price EarningsNSKOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NSKOG.OL Per share dataNSKOG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • NSKOG's earnings are expected to grow with 92.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.66%
EPS Next 3Y92.7%

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2

5. NSKOG.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.65%, NSKOG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.95, NSKOG has a dividend in line with its industry peers.
  • NSKOG's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.65%

5.2 History

  • The dividend of NSKOG decreases each year by -52.50%.
Dividend Growth(5Y)-52.5%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
NSKOG.OL Yearly Income VS Free CF VS DividendNSKOG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

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NSKOG.OL Fundamentals: All Metrics, Ratios and Statistics

NORSKE SKOG ASA

OSL:NSKOG (4/30/2026, 7:00:00 PM)

46.6

-1.05 (-2.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)04-24
Earnings (Next)07-14
Inst Owners9.44%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap3.95B
Revenue(TTM)9.45B
Net Income(TTM)404.00M
Analysts82
Price Target23.46 (-49.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0
Dividend Growth(5Y)-52.5%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.32%
Min EPS beat(2)-18.96%
Max EPS beat(2)-7.68%
EPS beat(4)2
Avg EPS beat(4)22.06%
Min EPS beat(4)-18.96%
Max EPS beat(4)93.79%
EPS beat(8)3
Avg EPS beat(8)-416.9%
EPS beat(12)5
Avg EPS beat(12)204.73%
EPS beat(16)8
Avg EPS beat(16)168.6%
Revenue beat(2)0
Avg Revenue beat(2)-6.53%
Min Revenue beat(2)-10.6%
Max Revenue beat(2)-2.45%
Revenue beat(4)0
Avg Revenue beat(4)-9.55%
Min Revenue beat(4)-23.8%
Max Revenue beat(4)-1.34%
Revenue beat(8)0
Avg Revenue beat(8)-13.41%
Revenue beat(12)0
Avg Revenue beat(12)-12.51%
Revenue beat(16)1
Avg Revenue beat(16)-10.23%
PT rev (1m)0%
PT rev (3m)-2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)127.21%
EPS NY rev (3m)128.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)-4.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 51.71
P/S 0.42
P/FCF N/A
P/OCF 17.42
P/B 0.68
P/tB 0.68
EV/EBITDA N/A
EPS(TTM)-1.62
EYN/A
EPS(NY)0.9
Fwd EY1.93%
FCF(TTM)-8.9
FCFYN/A
OCF(TTM)2.68
OCFY5.74%
SpS111.33
BVpS68.59
TBVpS68.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 6.94%
ROCE 1.9%
ROIC 1.46%
ROICexc 1.62%
ROICexgc 1.62%
OM 2.23%
PM (TTM) 4.28%
GM 34.02%
FCFM N/A
ROA(3y)-0.26%
ROA(5y)2.83%
ROE(3y)-1.16%
ROE(5y)5.69%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-37.7%
PM growth 5YN/A
GM growth 3Y-11.22%
GM growth 5Y-5.63%
F-Score4
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 10.4%
Interest Coverage 0.92
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.14
Quick Ratio 0.76
Altman-Z 0.71
F-Score4
WACC6.04%
ROIC/WACC0.24
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)19.48%
Cap/Sales(5y)16.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-173.92%
EPS 3Y-67.84%
EPS 5YN/A
EPS Q2Q%-47.26%
EPS Next Y28.13%
EPS Next 2Y20.66%
EPS Next 3Y92.7%
EPS Next 5YN/A
Revenue 1Y (TTM)2.3%
Revenue growth 3Y-13.39%
Revenue growth 5Y0.59%
Sales Q2Q%-7.22%
Revenue Next Year11.66%
Revenue Next 2Y9.44%
Revenue Next 3Y7.68%
Revenue Next 5YN/A
EBIT growth 1Y30.25%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year543.78%
EBIT Next 3Y83.52%
EBIT Next 5YN/A
FCF growth 1Y52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1613.33%
OCF growth 3Y-51.9%
OCF growth 5Y-16.19%

NORSKE SKOG ASA / NSKOG.OL Fundamental Analysis FAQ

What is the fundamental rating for NSKOG stock?

ChartMill assigns a fundamental rating of 2 / 10 to NSKOG.OL.


Can you provide the valuation status for NORSKE SKOG ASA?

ChartMill assigns a valuation rating of 1 / 10 to NORSKE SKOG ASA (NSKOG.OL). This can be considered as Overvalued.


How profitable is NORSKE SKOG ASA (NSKOG.OL) stock?

NORSKE SKOG ASA (NSKOG.OL) has a profitability rating of 3 / 10.


What is the expected EPS growth for NORSKE SKOG ASA (NSKOG.OL) stock?

The Earnings per Share (EPS) of NORSKE SKOG ASA (NSKOG.OL) is expected to grow by 28.13% in the next year.