OKEA ASA (OKEA.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:OKEA • NO0010816895
24.1 NOK
+0.9 (+3.88%)
Last: Feb 3, 2026, 04:19 PM
Overall OKEA gets a fundamental rating of 5 out of 10. We evaluated OKEA against 73 industry peers in the Oil, Gas & Consumable Fuels industry. While OKEA is still in line with the averages on profitability rating, there are concerns on its financial health. OKEA scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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.
- The reported net income has been mixed in the past 5 years: OKEA reported negative net income in multiple years.
- Each year in the past 5 years OKEA had a positive operating cash flow.
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's Return On Equity of -40.22% is on the low side compared to the rest of the industry. OKEA is outperformed by 90.41% of its industry peers.
- OKEA's Return On Invested Capital of 16.57% is amongst the best of the industry. OKEA outperforms 94.52% 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 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.
- OKEA's Operating Margin of 34.40% is amongst the best of the industry. OKEA outperforms 90.41% of its industry peers.
- OKEA's Operating Margin has improved in the last couple of years.
- OKEA has a better Gross Margin (67.41%) than 73.97% of its industry peers.
- In the last couple of years the Gross Margin of OKEA has declined.
| 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so OKEA is creating value.
- Compared to 1 year ago, OKEA has about the same amount of shares outstanding.
- Compared to 5 years ago, OKEA has more shares outstanding
- OKEA has a worse debt/assets ratio than last year.
2.2 Solvency
- OKEA has an Altman-Z score of 1.16. This is a bad value and indicates that OKEA is not financially healthy and even has some risk of bankruptcy.
- OKEA has a Altman-Z score of 1.16. This is in the lower half of the industry: OKEA underperforms 72.60% 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.
- The Debt to FCF ratio of OKEA (17.12) is worse than 69.86% 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.
- The Debt to Equity ratio of OKEA (4.08) is worse than 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
WACC8.42%
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 54.79% 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.
- Looking at the Quick ratio, with a value of 1.26, OKEA is in the better half of the industry, outperforming 65.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
- OKEA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 263.25%, which is quite impressive.
- The earnings per share for OKEA have been decreasing by -60.49% on average. This is quite bad
- 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
- Based on estimates for the next years, OKEA will show a very strong growth in Earnings Per Share. The EPS will grow by 52.03% on average per year.
- Based on estimates for the next years, OKEA will show a very negative growth in Revenue. The Revenue will decrease by -11.30% on average per year.
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
- With a Price/Earnings ratio of 1.59, the valuation of OKEA can be described as very cheap.
- 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 is valuated cheaply when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 4.92, 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 25.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.59 | ||
| Fwd PE | 4.92 |
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 indicates a somewhat cheap valuation: OKEA is cheaper than 60.27% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.19 | ||
| 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.
- 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 87.36% in the coming years.
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.
- Compared to an average industry Dividend Yield of 5.10, OKEA pays a better dividend. On top of this OKEA pays more dividend than 93.15% of the companies listed 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, 4:19:40 PM)
24.1
+0.9 (+3.88%)
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 Cap2.50B
Revenue(TTM)894.00M
Net Income(TTM)-30.36M
Analysts80
Price Target24.07 (-0.12%)
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 | 4.92 | ||
| P/S | 0.29 | ||
| P/FCF | 14.19 | ||
| P/OCF | 0.62 | ||
| P/B | 3.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.21 |
EPS(TTM)15.16
EY62.9%
EPS(NY)4.9
Fwd EY20.33%
FCF(TTM)1.7
FCFY7.05%
OCF(TTM)38.77
OCFY160.86%
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
WACC8.42%
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%.