OKEA ASA (OKEA.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:OKEA • NO0010816895
24.15 NOK
+0.95 (+4.09%)
Last: Feb 3, 2026, 07:00 PM
Taking everything into account, OKEA scores 5 out of 10 in our fundamental rating. OKEA was compared to 73 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of OKEA while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on OKEA.
1. Profitability
1.1 Basic Checks
- OKEA had positive earnings in the past year.
- In the past year OKEA had a positive cash flow from operations.
- In multiple years OKEA reported negative net income over the last 5 years.
- OKEA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- OKEA's Return On Assets of -1.59% is on the low side compared to the rest of the industry. OKEA is outperformed by 79.45% of its industry peers.
- OKEA has a Return On Equity of -40.22%. This is amonst the worse of the industry: OKEA underperforms 90.41% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 16.57%, OKEA belongs to the top of the industry, outperforming 94.52% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for OKEA is significantly above the industry average of 8.73%.
- The last Return On Invested Capital (16.57%) for OKEA is well below the 3 year average (23.72%), which needs to be investigated, but indicates that OKEA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.59% | ||
| ROE | -40.22% | ||
| ROIC | 16.57% |
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
1.3 Margins
- OKEA's Profit Margin has declined in the last couple of years.
- The Operating Margin of OKEA (34.40%) is better than 90.41% of its industry peers.
- In the last couple of years the Operating Margin of OKEA has grown nicely.
- With a decent Gross Margin value of 67.41%, OKEA is doing good in the industry, outperforming 73.97% of the companies in the same industry.
- OKEA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.4% | ||
| PM (TTM) | N/A | ||
| GM | 67.41% |
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%
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.
- The number of shares outstanding for OKEA remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, OKEA has more shares outstanding
- OKEA has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.16, we must say that OKEA is in the distress zone and has some risk of bankruptcy.
- OKEA has a worse Altman-Z score (1.16) than 72.60% of its industry peers.
- The Debt to FCF ratio of OKEA is 17.12, which is on the high side as it means it would take OKEA, 17.12 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 17.12, OKEA is doing worse than 69.86% of the companies in the same industry.
- OKEA has a Debt/Equity ratio of 4.08. This is a high value indicating a heavy dependency on external financing.
- OKEA's Debt to Equity ratio of 4.08 is on the low side compared to the rest of the industry. OKEA is outperformed by 94.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.08 | ||
| Debt/FCF | 17.12 | ||
| Altman-Z | 1.16 |
ROIC/WACC1.97
WACC8.43%
2.3 Liquidity
- OKEA has a Current Ratio of 1.41. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of OKEA (1.41) is comparable to the rest of the industry.
- A Quick Ratio of 1.26 indicates that OKEA should not have too much problems paying its short term obligations.
- OKEA's Quick ratio of 1.26 is fine compared to the rest of the industry. OKEA outperforms 65.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 263.25% over the past year.
- Measured over the past years, OKEA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -60.49% on average per year.
- Looking at the last year, OKEA shows a very negative growth in Revenue. The Revenue has decreased by -89.08% in the last year.
- Measured over the past years, OKEA shows a very negative growth in Revenue. The Revenue has been decreasing by -18.17% on average per year.
EPS 1Y (TTM)263.25%
EPS 3Y-60.49%
EPS 5YN/A
EPS Q2Q%278.41%
Revenue 1Y (TTM)-89.08%
Revenue growth 3Y-34.2%
Revenue growth 5Y-18.17%
Sales Q2Q%-92.58%
3.2 Future
- The Earnings Per Share is expected to grow by 52.03% on average over the next years. This is a very strong growth
- The Revenue is expected to decrease by -11.30% on average over the next years. This is quite bad
EPS Next Y628.74%
EPS Next 2Y140.29%
EPS Next 3Y87.36%
EPS Next 5Y52.03%
Revenue Next Year-14.96%
Revenue Next 2Y-10.99%
Revenue Next 3Y-7.55%
Revenue Next 5Y-11.3%
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.
4. Valuation
4.1 Price/Earnings Ratio
- OKEA is valuated cheaply with a Price/Earnings ratio of 1.59.
- Compared to the rest of the industry, the Price/Earnings ratio of OKEA indicates a rather cheap valuation: OKEA is cheaper than 100.00% of the companies listed in the same industry.
- OKEA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
- With a Price/Forward Earnings ratio of 4.93, the valuation of OKEA can be described as very cheap.
- Based on the Price/Forward Earnings ratio, OKEA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- OKEA is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.59 | ||
| Fwd PE | 4.93 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, OKEA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- 60.27% of the companies in the same industry are more expensive than OKEA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.22 | ||
| EV/EBITDA | 0.21 |
4.3 Compensation for Growth
- OKEA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- OKEA has a very decent profitability rating, which may justify a higher PE ratio.
- OKEA's earnings are expected to grow with 87.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y140.29%
EPS Next 3Y87.36%
5. Dividend
5.1 Amount
- OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
- OKEA's Dividend Yield is rather good when compared to the industry average which is at 5.10. OKEA pays more dividend than 93.15% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, OKEA pays a better dividend.
| Industry Rank | Sector 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 2Y140.29%
EPS Next 3Y87.36%
OSL:OKEA (2/3/2026, 7:00:00 PM)
24.15
+0.95 (+4.09%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04 2025-11-04/bmo
Earnings (Next)02-03 2026-02-03/amc
Inst Owners1.89%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap2.51B
Revenue(TTM)894.00M
Net Income(TTM)-30.36M
Analysts80
Price Target24.07 (-0.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)575.75%
Min EPS beat(2)-84.29%
Max EPS beat(2)1235.78%
EPS beat(4)2
Avg EPS beat(4)293.7%
Min EPS beat(4)-84.29%
Max EPS beat(4)1235.78%
EPS beat(8)4
Avg EPS beat(8)123.95%
EPS beat(12)7
Avg EPS beat(12)120.18%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)10.71%
Min Revenue beat(2)1.57%
Max Revenue beat(2)19.85%
Revenue beat(4)3
Avg Revenue beat(4)263.7%
Min Revenue beat(4)-6.59%
Max Revenue beat(4)1039.95%
Revenue beat(8)7
Avg Revenue beat(8)657.61%
Revenue beat(12)11
Avg Revenue beat(12)765.99%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)6.31%
PT rev (3m)0.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-47.03%
EPS NY rev (1m)9.44%
EPS NY rev (3m)64.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.59 | ||
| Fwd PE | 4.93 | ||
| P/S | 0.29 | ||
| P/FCF | 14.22 | ||
| P/OCF | 0.62 | ||
| P/B | 3.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.21 |
EPS(TTM)15.16
EY62.77%
EPS(NY)4.9
Fwd EY20.29%
FCF(TTM)1.7
FCFY7.03%
OCF(TTM)38.77
OCFY160.53%
SpS83.31
BVpS7.04
TBVpS-5
PEG (NY)0
PEG (5Y)N/A
Graham Number48.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.59% | ||
| ROE | -40.22% | ||
| ROCE | 21.52% | ||
| ROIC | 16.57% | ||
| ROICexc | 23.11% | ||
| ROICexgc | 26.44% | ||
| OM | 34.4% | ||
| PM (TTM) | N/A | ||
| GM | 67.41% | ||
| FCFM | 2.04% |
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%
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.08 | ||
| Debt/FCF | 17.12 | ||
| Debt/EBITDA | 0.56 | ||
| Cap/Depr | 160.59% | ||
| Cap/Sales | 44.49% | ||
| Interest Coverage | 13.35 | ||
| Cash Conversion | 74.92% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 1.16 |
F-Score4
WACC8.43%
ROIC/WACC1.97
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)263.25%
EPS 3Y-60.49%
EPS 5YN/A
EPS Q2Q%278.41%
EPS Next Y628.74%
EPS Next 2Y140.29%
EPS Next 3Y87.36%
EPS Next 5Y52.03%
Revenue 1Y (TTM)-89.08%
Revenue growth 3Y-34.2%
Revenue growth 5Y-18.17%
Sales Q2Q%-92.58%
Revenue Next Year-14.96%
Revenue Next 2Y-10.99%
Revenue Next 3Y-7.55%
Revenue Next 5Y-11.3%
EBIT growth 1Y-91.19%
EBIT growth 3Y-38.78%
EBIT growth 5Y-13.95%
EBIT Next Year20.49%
EBIT Next 3Y6.99%
EBIT Next 5Y-4.54%
FCF growth 1Y-98.97%
FCF growth 3Y-63.72%
FCF growth 5Y-48.03%
OCF growth 1Y-89.22%
OCF growth 3Y-45.06%
OCF growth 5Y-27.69%
OKEA ASA / OKEA.OL FAQ
What is the ChartMill fundamental rating of OKEA ASA (OKEA.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to OKEA.OL.
What is the valuation status of OKEA ASA (OKEA.OL) stock?
ChartMill assigns a valuation rating of 9 / 10 to OKEA ASA (OKEA.OL). This can be considered as Undervalued.
Can you provide the profitability details for OKEA ASA?
OKEA ASA (OKEA.OL) has a profitability rating of 6 / 10.
What are the PE and PB ratios of OKEA ASA (OKEA.OL) stock?
The Price/Earnings (PE) ratio for OKEA ASA (OKEA.OL) is 1.59 and the Price/Book (PB) ratio is 3.43.
How sustainable is the dividend of OKEA ASA (OKEA.OL) stock?
The dividend rating of OKEA ASA (OKEA.OL) is 6 / 10 and the dividend payout ratio is 0%.