PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to PEN. PEN was compared to 59 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of PEN while its profitability can be described as average. PEN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PEN had positive earnings in the past year.
PEN had a positive operating cash flow in the past year.
Of the past 5 years PEN 4 years were profitable.
Each year in the past 5 years PEN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PEN (5.04%) is comparable to the rest of the industry.
PEN's Return On Equity of 14.13% is fine compared to the rest of the industry. PEN outperforms 61.02% of its industry peers.
The Return On Invested Capital of PEN (6.95%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.04% | ||
| ROE | 14.13% | ||
| ROIC | 6.95% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of PEN (16.29%) is better than 69.49% of its industry peers.
In the last couple of years the Profit Margin of PEN has remained more or less at the same level.
Looking at the Operating Margin, with a value of 32.57%, PEN is in the better half of the industry, outperforming 74.58% of the companies in the same industry.
In the last couple of years the Operating Margin of PEN has declined.
PEN's Gross Margin of 115.43% is amongst the best of the industry. PEN outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.57% | ||
| PM (TTM) | 16.29% | ||
| GM | 115.43% |
OM growth 3Y3.91%
OM growth 5Y-3.12%
PM growth 3Y-19.47%
PM growth 5Y-0.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PEN is destroying value.
PEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 0.57, we must say that PEN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.57, PEN is not doing good in the industry: 79.66% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.58 indicates that PEN is somewhat dependend on debt financing.
PEN has a Debt to Equity ratio of 0.58. This is in the lower half of the industry: PEN underperforms 61.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.57 |
ROIC/WACC0.8
WACC8.65%
2.3 Liquidity
A Current Ratio of 1.90 indicates that PEN should not have too much problems paying its short term obligations.
PEN has a Current ratio of 1.90. This is in the better half of the industry: PEN outperforms 66.10% of its industry peers.
A Quick Ratio of 0.98 indicates that PEN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.98, PEN is doing worse than 67.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
PEN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
Measured over the past years, PEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.50% on average per year.
The Revenue has decreased by -3.72% in the past year.
The Revenue has been growing by 44.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)0%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-210%
Revenue 1Y (TTM)-3.72%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%-72.43%
3.2 Future
PEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.55% yearly.
PEN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.45% yearly.
EPS Next Y26.07%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
EPS Next 5Y-7.55%
Revenue Next Year-0.55%
Revenue Next 2Y1.66%
Revenue Next 3Y-0.26%
Revenue Next 5Y-8.45%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
PEN is valuated reasonably with a Price/Earnings ratio of 8.57.
72.88% of the companies in the same industry are more expensive than PEN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PEN to the average of the S&P500 Index (27.29), we can say PEN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 3.55, the valuation of PEN can be described as very cheap.
98.31% of the companies in the same industry are more expensive than PEN, based on the Price/Forward Earnings ratio.
PEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.57 | ||
| Fwd PE | 3.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PEN is valued a bit cheaper than the industry average as 77.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.83 |
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.
PEN's earnings are expected to grow with 13.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)0.3
EPS Next 2Y15.56%
EPS Next 3Y13.59%
5. Dividend
5.1 Amount
PEN has a Yearly Dividend Yield of 9.81%, which is a nice return.
Compared to an average industry Dividend Yield of 60.01, PEN pays a bit more dividend than its industry peers.
PEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.81% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PEN pays out 58.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP58.22%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
OSL:PEN (7/8/2025, 12:54:43 PM)
22.55
+0.1 (+0.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners39%
Inst Owner ChangeN/A
Ins Owners6.15%
Ins Owner ChangeN/A
Market Cap2.64B
Analysts84.62
Price Target41.06 (82.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.81% |
Yearly Dividend2.88
Dividend Growth(5Y)N/A
DP58.22%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.3%
Min EPS beat(2)-24.47%
Max EPS beat(2)9.86%
EPS beat(4)1
Avg EPS beat(4)-42.27%
Min EPS beat(4)-100%
Max EPS beat(4)9.86%
EPS beat(8)1
Avg EPS beat(8)-36.73%
EPS beat(12)2
Avg EPS beat(12)-48.06%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-13.17%
Min Revenue beat(2)-33.39%
Max Revenue beat(2)7.04%
Revenue beat(4)1
Avg Revenue beat(4)-13.31%
Min Revenue beat(4)-33.39%
Max Revenue beat(4)7.04%
Revenue beat(8)3
Avg Revenue beat(8)-10.93%
Revenue beat(12)5
Avg Revenue beat(12)-17.01%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.83%
PT rev (3m)-1.49%
EPS NQ rev (1m)-10.2%
EPS NQ rev (3m)15.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.59%
Revenue NQ rev (1m)-3.91%
Revenue NQ rev (3m)-1.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.57 | ||
| Fwd PE | 3.55 | ||
| P/S | 1.2 | ||
| P/FCF | N/A | ||
| P/OCF | 3.85 | ||
| P/B | 1.04 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 2.83 |
EPS(TTM)2.63
EY11.66%
EPS(NY)6.36
Fwd EY28.18%
FCF(TTM)-1.29
FCFYN/A
OCF(TTM)5.86
OCFY25.99%
SpS18.86
BVpS21.75
TBVpS21.75
PEG (NY)0.33
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.04% | ||
| ROE | 14.13% | ||
| ROCE | 11.35% | ||
| ROIC | 6.95% | ||
| ROICexc | 7.57% | ||
| ROICexgc | 7.57% | ||
| OM | 32.57% | ||
| PM (TTM) | 16.29% | ||
| GM | 115.43% | ||
| FCFM | N/A |
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y3.91%
OM growth 5Y-3.12%
PM growth 3Y-19.47%
PM growth 5Y-0.91%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.16 | ||
| Cap/Depr | 148.75% | ||
| Cap/Sales | 37.93% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 53.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 0.57 |
F-Score6
WACC8.65%
ROIC/WACC0.8
Cap/Depr(3y)181.17%
Cap/Depr(5y)188.95%
Cap/Sales(3y)35.09%
Cap/Sales(5y)42.32%
Profit Quality(3y)98.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-210%
EPS Next Y26.07%
EPS Next 2Y15.56%
EPS Next 3Y13.59%
EPS Next 5Y-7.55%
Revenue 1Y (TTM)-3.72%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%-72.43%
Revenue Next Year-0.55%
Revenue Next 2Y1.66%
Revenue Next 3Y-0.26%
Revenue Next 5Y-8.45%
EBIT growth 1Y-24.67%
EBIT growth 3Y38.27%
EBIT growth 5Y39.7%
EBIT Next Year50.1%
EBIT Next 3Y14.27%
EBIT Next 5Y0.58%
FCF growth 1Y-125.36%
FCF growth 3Y-13.96%
FCF growth 5YN/A
OCF growth 1Y-46.45%
OCF growth 3Y16.89%
OCF growth 5Y55.64%