OKEA ASA (OKEA.OL) Fundamental Analysis & Valuation

OSL:OKEA • NO0010816895

31.95 NOK
-0.2 (-0.62%)
Last: Mar 12, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

Taking everything into account, OKEA scores 4 out of 10 in our fundamental rating. OKEA was compared to 83 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

4

1. OKEA.OL Profitability Analysis

1.1 Basic Checks

  • In the past year OKEA was profitable.
  • OKEA had a positive operating cash flow in the past year.
  • 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.
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 2025 0 1B 2B

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 80.72% of its industry peers.
  • With a Return On Equity value of -40.22%, OKEA is not doing good in the industry: 91.57% of the companies in the same industry are doing better.
  • OKEA's Return On Invested Capital of 16.57% is amongst the best of the industry. OKEA outperforms 95.18% of its industry peers.
Industry RankSector Rank
ROA -1.59%
ROE -40.22%
ROIC 16.57%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
OKEA.OL Yearly ROA, ROE, ROICOKEA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200 300

1.3 Margins

  • With an excellent Operating Margin value of 34.40%, OKEA belongs to the best of the industry, outperforming 87.95% of the companies in the same industry.
  • In the last couple of years the Operating Margin of OKEA has grown nicely.
  • Looking at the Gross Margin, with a value of 64.42%, OKEA is in the better half of the industry, outperforming 72.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of OKEA has remained more or less at the same level.
Industry RankSector Rank
OM 34.4%
PM (TTM) N/A
GM 64.42%
OM growth 3Y-23.3%
OM growth 5Y22.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.23%
GM growth 5Y1.26%
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 2025 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. OKEA.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), OKEA is creating value.
  • OKEA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 1.19. This is a bad value and indicates that OKEA is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of OKEA (1.19) is worse than 77.11% of its industry peers.
  • OKEA has a debt to FCF ratio of 17.12. This is a negative value and a sign of low solvency as OKEA would need 17.12 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 17.12, OKEA is doing worse than 67.47% 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.
  • Looking at the Debt to Equity ratio, with a value of 4.08, OKEA is doing worse than 96.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 4.08
Debt/FCF 17.12
Altman-Z 1.19
ROIC/WACC1.87
WACC8.88%
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 2025 0 1B 2B

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.
  • OKEA has a Current ratio of 1.41. This is comparable to the rest of the industry: OKEA outperforms 56.63% of its industry peers.
  • OKEA has a Quick Ratio of 1.26. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.26, OKEA is doing good in the industry, outperforming 71.08% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.41
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 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. OKEA.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 1874.46% over the past year.
  • The Earnings Per Share has been growing slightly by 2.56% on average over the past years.
  • The Revenue for OKEA has decreased by -87.68% in the past year. This is quite bad
  • Measured over the past years, OKEA shows a very negative growth in Revenue. The Revenue has been decreasing by -13.86% on average per year.
EPS 1Y (TTM)1874.46%
EPS 3Y2.56%
EPS 5YN/A
EPS Q2Q%64.13%
Revenue 1Y (TTM)-87.68%
Revenue growth 3Y7.71%
Revenue growth 5Y-13.86%
Sales Q2Q%-95.26%

3.2 Future

  • OKEA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -25.72% yearly.
  • The Revenue is expected to decrease by -1.01% on average over the next years.
EPS Next Y-70.86%
EPS Next 2Y-39.56%
EPS Next 3Y-25.72%
EPS Next 5YN/A
Revenue Next Year-9.11%
Revenue Next 2Y1.86%
Revenue Next 3Y-1.58%
Revenue Next 5Y-1.01%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 1B 2B 3B
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 0.5 1 1.5

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6

4. OKEA.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 1.91, which indicates a rather cheap valuation of OKEA.
  • 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.
  • When comparing the Price/Earnings ratio of OKEA to the average of the S&P500 Index (26.15), we can say OKEA is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 6.57, the valuation of OKEA can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, OKEA is valued cheaper than 98.80% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of OKEA to the average of the S&P500 Index (24.27), we can say OKEA is valued rather cheaply.
Industry RankSector Rank
PE 1.91
Fwd PE 6.57
OKEA.OL Price Earnings VS Forward Price EarningsOKEA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of OKEA is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.88
EV/EBITDA 0.38
OKEA.OL Per share dataOKEA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • OKEA's earnings are expected to decrease with -25.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.56%
EPS Next 3Y-25.72%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. OKEA.OL Dividend Analysis

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 4.82. OKEA pays more dividend than 95.18% of the companies in the same industry.
  • OKEA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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 2Y-39.56%
EPS Next 3Y-25.72%
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 2025 0 500M -500M 1B 1.5B 2B

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OKEA.OL Fundamentals: All Metrics, Ratios and Statistics

OKEA ASA

OSL:OKEA (3/12/2026, 4:19:10 PM)

31.95

-0.2 (-0.62%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-03
Earnings (Next)04-29
Inst Owners1.82%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap3.32B
Revenue(TTM)783.68M
Net Income(TTM)-30.36M
Analysts83.08
Price Target28.15 (-11.89%)
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)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)4.55%
PT rev (3m)24.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.35%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-3.19%
Revenue NY rev (3m)-3.19%
Valuation
Industry RankSector Rank
PE 1.91
Fwd PE 6.57
P/S 0.39
P/FCF 18.88
P/OCF 0.83
P/B 4.56
P/tB N/A
EV/EBITDA 0.38
EPS(TTM)16.69
EY52.24%
EPS(NY)4.86
Fwd EY15.22%
FCF(TTM)1.69
FCFY5.3%
OCF(TTM)38.61
OCFY120.85%
SpS82.98
BVpS7.01
TBVpS-4.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number51.3
Profitability
Industry RankSector 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 64.42%
FCFM 2.04%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y-23.3%
OM growth 5Y22.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.23%
GM growth 5Y1.26%
F-Score4
Asset Turnover0.47
Health
Industry RankSector 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 1.19
F-Score4
WACC8.88%
ROIC/WACC1.87
Cap/Depr(3y)134.5%
Cap/Depr(5y)142.18%
Cap/Sales(3y)33.99%
Cap/Sales(5y)29.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1874.46%
EPS 3Y2.56%
EPS 5YN/A
EPS Q2Q%64.13%
EPS Next Y-70.86%
EPS Next 2Y-39.56%
EPS Next 3Y-25.72%
EPS Next 5YN/A
Revenue 1Y (TTM)-87.68%
Revenue growth 3Y7.71%
Revenue growth 5Y-13.86%
Sales Q2Q%-95.26%
Revenue Next Year-9.11%
Revenue Next 2Y1.86%
Revenue Next 3Y-1.58%
Revenue Next 5Y-1.01%
EBIT growth 1Y-91.19%
EBIT growth 3Y-17.38%
EBIT growth 5Y5.4%
EBIT Next Year173.67%
EBIT Next 3Y48.4%
EBIT Next 5Y36.25%
FCF growth 1Y-98.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-79.69%
OCF growth 3Y-0.25%
OCF growth 5Y-12.69%

OKEA ASA / OKEA.OL FAQ

What is the ChartMill fundamental rating of OKEA ASA (OKEA.OL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to OKEA.OL.


What is the valuation status of OKEA ASA (OKEA.OL) stock?

ChartMill assigns a valuation rating of 6 / 10 to OKEA ASA (OKEA.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for OKEA ASA?

OKEA ASA (OKEA.OL) has a profitability rating of 4 / 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 1.91 and the Price/Book (PB) ratio is 4.56.


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%.