OKEA ASA (OKEA.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:OKEA • NO0010816895

27.4 NOK
+0.6 (+2.24%)
Last: Feb 10, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to OKEA. OKEA was compared to 74 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. OKEA may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year OKEA was profitable.
  • 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.
  • In the past 5 years OKEA always reported a positive cash flow from operatings.
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

  • OKEA has a worse Return On Assets (-1.59%) than 79.73% of its industry peers.
  • OKEA has a worse Return On Equity (-40.22%) than 90.54% of its industry peers.
  • OKEA's Return On Invested Capital of 16.57% is amongst the best of the industry. OKEA outperforms 94.59% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for OKEA is significantly above the industry average of 8.91%.
  • The 3 year average ROIC (23.72%) for OKEA is well above the current ROIC(16.57%). The reason for the recent decline needs to be investigated.
Industry RankSector 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%
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

  • In the last couple of years the Profit Margin of OKEA has declined.
  • OKEA has a better Operating Margin (34.40%) than 89.19% of its industry peers.
  • In the last couple of years the Operating Margin of OKEA has grown nicely.
  • OKEA has a Gross Margin of 67.41%. This is in the better half of the industry: OKEA outperforms 75.68% of its industry peers.
  • OKEA's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 1 year ago, OKEA has about the same amount of shares outstanding.
  • 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 1.18. 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 (1.18) is worse than 72.97% 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.
  • OKEA's Debt to FCF ratio of 17.12 is on the low side compared to the rest of the industry. OKEA is outperformed by 70.27% of its industry peers.
  • 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 94.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.08
Debt/FCF 17.12
Altman-Z 1.18
ROIC/WACC1.96
WACC8.44%
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

  • 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 (1.41) which 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 has a better Quick ratio (1.26) than 68.92% of its industry peers.
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 1B 2B 3B

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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 263.25% over the past year.
  • OKEA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -60.49% yearly.
  • Looking at the last year, OKEA shows a very negative growth in Revenue. The Revenue has decreased by -89.08% in the last year.
  • The Revenue for OKEA have been decreasing by -18.17% on average. This is quite bad
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

  • OKEA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.03% yearly.
  • 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.
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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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • OKEA is valuated cheaply with a Price/Earnings ratio of 1.82.
  • 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.
  • The average S&P500 Price/Earnings ratio is at 28.06. OKEA is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 5.63 indicates a rather cheap valuation of OKEA.
  • 98.65% of the companies in the same industry are more expensive than OKEA, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. OKEA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 1.82
Fwd PE 5.63
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

  • 100.00% of the companies in the same industry are more expensive than OKEA, based on the Enterprise Value to EBITDA ratio.
  • 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 16.24
EV/EBITDA 0.28
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

  • 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.
  • 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%

More info and screens

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

6

5. Dividend

5.1 Amount

  • OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.14, OKEA pays a better dividend. On top of this OKEA pays more dividend than 94.59% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, 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 2Y140.29%
EPS Next 3Y87.36%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

OKEA ASA

OSL:OKEA (2/10/2026, 4:19:55 PM)

27.4

+0.6 (+2.24%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-27
Earnings (Next)04-29
Inst Owners1.89%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap2.85B
Revenue(TTM)894.00M
Net Income(TTM)-30.36M
Analysts80
Price Target26.93 (-1.72%)
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)18.92%
PT rev (3m)20%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.5%
EPS NY rev (1m)9.44%
EPS NY rev (3m)64.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.08%
Valuation
Industry RankSector Rank
PE 1.82
Fwd PE 5.63
P/S 0.33
P/FCF 16.24
P/OCF 0.71
P/B 3.92
P/tB N/A
EV/EBITDA 0.28
EPS(TTM)15.06
EY54.96%
EPS(NY)4.86
Fwd EY17.75%
FCF(TTM)1.69
FCFY6.16%
OCF(TTM)38.49
OCFY140.49%
SpS82.73
BVpS6.99
TBVpS-4.96
PEG (NY)0
PEG (5Y)N/A
Graham Number48.65
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 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 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 1.18
F-Score4
WACC8.44%
ROIC/WACC1.96
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 1.82 and the Price/Book (PB) ratio is 3.92.


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%.