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OKEA ASA (OKEA.OL) Stock Fundamental Analysis

Europe - OSL:OKEA - NO0010816895 - Common Stock

17.84 NOK
-0.16 (-0.89%)
Last: 9/17/2025, 7:00:00 PM
Fundamental Rating

4

Overall OKEA gets a fundamental rating of 4 out of 10. We evaluated OKEA against 65 industry peers in the Oil, Gas & Consumable Fuels industry. OKEA has a medium profitability rating, but doesn't score so well on its financial health evaluation. OKEA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

OKEA had negative earnings in the past year.
OKEA had a negative operating cash flow in the past year.
In multiple years OKEA reported negative net income over the last 5 years.
Each year in the past 5 years OKEA had a positive operating cash flow.
OKEA.OL Yearly Net Income VS EBIT VS OCF VS FCFOKEA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

Looking at the Return On Assets, with a value of 1.68%, OKEA is doing worse than 70.77% of the companies in the same industry.
OKEA's Return On Equity of 30.15% is amongst the best of the industry. OKEA outperforms 92.31% of its industry peers.
The Return On Invested Capital of OKEA (19.37%) is better than 93.85% of its industry peers.
OKEA had an Average Return On Invested Capital over the past 3 years of 23.72%. This is significantly above the industry average of 9.96%.
The 3 year average ROIC (23.72%) for OKEA is well above the current ROIC(19.37%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 1.68%
ROE 30.15%
ROIC 19.37%
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
OKEA.OL Yearly ROA, ROE, ROICOKEA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

The Profit Margin of OKEA (3.52%) is worse than 64.62% of its industry peers.
In the last couple of years the Profit Margin of OKEA has declined.
OKEA has a Operating Margin of 39.13%. This is amongst the best in the industry. OKEA outperforms 87.69% of its industry peers.
OKEA's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 69.77%, OKEA is doing good in the industry, outperforming 78.46% of the companies in the same industry.
In the last couple of years the Gross Margin of OKEA has declined.
Industry RankSector Rank
OM 39.13%
PM (TTM) 3.52%
GM 69.77%
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
OKEA.OL Yearly Profit, Operating, Gross MarginsOKEA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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2

2. Health

2.1 Basic Checks

OKEA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
OKEA has about the same amout of shares outstanding than it did 1 year ago.
OKEA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, OKEA has a worse debt to assets ratio.
OKEA.OL Yearly Shares OutstandingOKEA.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
OKEA.OL Yearly Total Debt VS Total AssetsOKEA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

OKEA has an Altman-Z score of 1.26. This is a bad value and indicates that OKEA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.26, OKEA is doing worse than 66.15% of the companies in the same industry.
A Debt/Equity ratio of 2.75 is on the high side and indicates that OKEA has dependencies on debt financing.
With a Debt to Equity ratio value of 2.75, OKEA is not doing good in the industry: 87.69% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACC2.32
WACC8.34%
OKEA.OL Yearly LT Debt VS Equity VS FCFOKEA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 1.38 indicates that OKEA should not have too much problems paying its short term obligations.
With a Current ratio value of 1.38, OKEA perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
A Quick Ratio of 1.26 indicates that OKEA should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.26, OKEA perfoms like the industry average, outperforming 58.46% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.38
Quick Ratio 1.26
OKEA.OL Yearly Current Assets VS Current LiabilitesOKEA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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1

3. Growth

3.1 Past

The earnings per share for OKEA have decreased strongly by -122.11% in the last year.
The earnings per share for OKEA have been decreasing by -60.55% on average. This is quite bad
The Revenue for OKEA has decreased by -90.43% in the past year. This is quite bad
The Revenue for OKEA have been decreasing by -18.24% on average. This is quite bad
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%

3.2 Future

Based on estimates for the next years, OKEA will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.34% on average per year.
The Revenue is expected to decrease by -45.28% on average over the next years. This is quite bad
EPS Next Y456%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
EPS Next 5Y-17.34%
Revenue Next Year-22.33%
Revenue Next 2Y-15.03%
Revenue Next 3Y-10.09%
Revenue Next 5Y-45.28%

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 decreasing: in the next years the growth will be less than in the last years.
OKEA.OL Yearly Revenue VS EstimatesOKEA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
OKEA.OL Yearly EPS VS EstimatesOKEA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 5 10 15

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for OKEA. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 0.39 indicates a rather cheap valuation of OKEA.
OKEA's Price/Forward Earnings ratio is rather cheap when compared to the industry. OKEA is cheaper than 100.00% of the companies in the same industry.
OKEA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 0.39
OKEA.OL Price Earnings VS Forward Price EarningsOKEA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OKEA.OL Per share dataOKEA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 -100

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of OKEA may justify a higher PE ratio.
A more expensive valuation may be justified as OKEA's earnings are expected to grow with 67.82% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y116.1%
EPS Next 3Y67.82%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 10.96%, OKEA is a good candidate for dividend investing.
OKEA's Dividend Yield is rather good when compared to the industry average which is at 54.34. OKEA pays more dividend than 89.23% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, OKEA pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.96%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
OKEA.OL Yearly Income VS Free CF VS DividendOKEA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B 2B

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OKEA ASA

OSL:OKEA (9/17/2025, 7:00:00 PM)

17.84

-0.16 (-0.89%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-16 2025-07-16/bmo
Earnings (Next)11-04 2025-11-04
Inst Owners1.1%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap1.85B
Analysts80
Price Target23.87 (33.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.96%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-126.23%
Min EPS beat(2)-254.75%
Max EPS beat(2)2.28%
EPS beat(4)2
Avg EPS beat(4)-169.42%
Min EPS beat(4)-452.02%
Max EPS beat(4)26.82%
EPS beat(8)5
Avg EPS beat(8)-31.75%
EPS beat(12)8
Avg EPS beat(12)13.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.36%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)3.38%
Revenue beat(4)3
Avg Revenue beat(4)3.92%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)10.96%
Revenue beat(8)6
Avg Revenue beat(8)5.21%
Revenue beat(12)7
Avg Revenue beat(12)2.75%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-3.31%
EPS NQ rev (1m)2.79%
EPS NQ rev (3m)-31.33%
EPS NY rev (1m)-16.68%
EPS NY rev (3m)-16.68%
Revenue NQ rev (1m)2.72%
Revenue NQ rev (3m)-15.11%
Revenue NY rev (1m)2.87%
Revenue NY rev (3m)-4.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 0.39
P/S 0.2
P/FCF N/A
P/OCF N/A
P/B 1.69
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-33.86
EYN/A
EPS(NY)45.93
Fwd EY257.46%
FCF(TTM)-23.74
FCFYN/A
OCF(TTM)-134.04
OCFYN/A
SpS90.69
BVpS10.58
TBVpS-2.74
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.68%
ROE 30.15%
ROCE 25.15%
ROIC 19.37%
ROICexc 23.83%
ROICexgc 26.96%
OM 39.13%
PM (TTM) 3.52%
GM 69.77%
FCFM N/A
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)30.81%
ROCE(5y)22.49%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
F-Score4
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 2.75
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr -106.66%
Cap/Sales 121.63%
Interest Coverage -7.69
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.38
Quick Ratio 1.26
Altman-Z 1.26
F-Score4
WACC8.34%
ROIC/WACC2.32
Cap/Depr(3y)139.8%
Cap/Depr(5y)138.38%
Cap/Sales(3y)25.34%
Cap/Sales(5y)32.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
EPS Next Y456%
EPS Next 2Y116.1%
EPS Next 3Y67.82%
EPS Next 5Y-17.34%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%
Revenue Next Year-22.33%
Revenue Next 2Y-15.03%
Revenue Next 3Y-10.09%
Revenue Next 5Y-45.28%
EBIT growth 1Y-91.27%
EBIT growth 3Y-38.86%
EBIT growth 5Y-14.02%
EBIT Next Year22.21%
EBIT Next 3Y-3.24%
EBIT Next 5Y-41.11%
FCF growth 1Y-110.4%
FCF growth 3Y-63.77%
FCF growth 5Y-48.08%
OCF growth 1Y-133.06%
OCF growth 3Y-45.13%
OCF growth 5Y-27.76%