PANORO ENERGY ASA (PEN.OL) Fundamental Analysis & Valuation
OSL:PEN • NO0010564701
27.7 NOK
+0.3 (+1.09%)
Last: Mar 9, 2026, 04:19 PM
This PEN.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to PEN. PEN was compared to 83 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. PEN.OL Profitability Analysis
1.1 Basic Checks
- PEN had negative 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.
- PEN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.63%, PEN is in the better half of the industry, outperforming 60.24% of the companies in the same industry.
- PEN's Return On Equity of 13.10% is fine compared to the rest of the industry. PEN outperforms 67.47% of its industry peers.
- PEN's Return On Invested Capital of 6.50% is in line compared to the rest of the industry. PEN outperforms 54.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.63% | ||
| ROE | 13.1% | ||
| ROIC | 6.5% |
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
- PEN has a Profit Margin of 13.09%. This is in the better half of the industry: PEN outperforms 68.67% of its industry peers.
- PEN's Profit Margin has been stable in the last couple of years.
- With a decent Operating Margin value of 27.31%, PEN is doing good in the industry, outperforming 68.67% of the companies in the same industry.
- PEN's Operating Margin has declined in the last couple of years.
- The Gross Margin of PEN (105.60%) is better than 98.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.31% | ||
| PM (TTM) | 13.09% | ||
| GM | 105.6% |
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. PEN.OL Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PEN is destroying value.
- There is no outstanding debt for PEN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- PEN has an Altman-Z score of 0.69. This is a bad value and indicates that PEN is not financially healthy and even has some risk of bankruptcy.
- PEN's Altman-Z score of 0.69 is on the low side compared to the rest of the industry. PEN is outperformed by 81.93% of its industry peers.
- The Debt to FCF ratio of PEN is 62.86, which is on the high side as it means it would take PEN, 62.86 years of fcf income to pay off all of its debts.
- PEN has a worse Debt to FCF ratio (62.86) than 72.29% of its industry peers.
- A Debt/Equity ratio of 0.62 indicates that PEN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.62, PEN is doing worse than 61.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 62.86 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.76
WACC8.57%
2.3 Liquidity
- A Current Ratio of 2.03 indicates that PEN has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 2.03, PEN belongs to the top of the industry, outperforming 81.93% of the companies in the same industry.
- PEN has a Quick Ratio of 1.07. This is a normal value and indicates that PEN is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.07, PEN is in line with its industry, outperforming 55.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.07 |
3. PEN.OL Growth Analysis
3.1 Past
- The earnings per share for PEN have decreased strongly by -125.53% in the last year.
EPS 1Y (TTM)-125.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-129.63%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-36.67%
3.2 Future
- PEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 80.69% yearly.
- PEN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.00% yearly.
EPS Next Y463.6%
EPS Next 2Y168.04%
EPS Next 3Y80.69%
EPS Next 5YN/A
Revenue Next Year13.35%
Revenue Next 2Y6.96%
Revenue Next 3Y5.56%
Revenue Next 5Y-6%
3.3 Evolution
4. PEN.OL Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings Ratio is negative for PEN. In the last year negative earnings were reported.
- Based on the Price/Forward Earnings ratio of 6.57, the valuation of PEN can be described as very cheap.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PEN indicates a rather cheap valuation: PEN is cheaper than 98.80% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.60. PEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.57 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PEN indicates a rather cheap valuation: PEN is cheaper than 83.13% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, PEN is valued a bit more expensive than 72.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 135.48 | ||
| EV/EBITDA | 3.6 |
4.3 Compensation for Growth
- PEN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as PEN's earnings are expected to grow with 80.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y168.04%
EPS Next 3Y80.69%
5. PEN.OL Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 9.46%, PEN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.82, PEN pays a better dividend. On top of this PEN pays more dividend than 92.77% of the companies listed in the same industry.
- PEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.46% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- PEN pays out 86.50% of its income as dividend. This is not a sustainable payout ratio.
DP86.5%
EPS Next 2Y168.04%
EPS Next 3Y80.69%
PEN.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:PEN (3/9/2026, 4:19:35 PM)
27.7
+0.3 (+1.09%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-24 2026-02-24/amc
Earnings (Next)05-21 2026-05-21
Inst Owners41.71%
Inst Owner ChangeN/A
Ins Owners5.32%
Ins Owner ChangeN/A
Market Cap3.14B
Revenue(TTM)N/A
Net Income(TTM)31.23M
Analysts80
Price Target32.3 (16.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.46% |
Yearly Dividend2.77
Dividend Growth(5Y)N/A
DP86.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-90.1%
Min EPS beat(2)-129.7%
Max EPS beat(2)-50.49%
EPS beat(4)1
Avg EPS beat(4)-48.7%
Min EPS beat(4)-129.7%
Max EPS beat(4)9.86%
EPS beat(8)1
Avg EPS beat(8)-57.34%
EPS beat(12)2
Avg EPS beat(12)-45.58%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.8%
Min Revenue beat(2)-23.47%
Max Revenue beat(2)-0.12%
Revenue beat(4)1
Avg Revenue beat(4)-12.49%
Min Revenue beat(4)-33.39%
Max Revenue beat(4)7.04%
Revenue beat(8)2
Avg Revenue beat(8)-12.67%
Revenue beat(12)4
Avg Revenue beat(12)-11.88%
Revenue beat(16)6
Avg Revenue beat(16)-13.04%
PT rev (1m)0%
PT rev (3m)-0.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)10.63%
EPS NY rev (3m)10.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.31%
Revenue NY rev (1m)-2.42%
Revenue NY rev (3m)-2.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.57 | ||
| P/S | 1.36 | ||
| P/FCF | 135.48 | ||
| P/OCF | 5.41 | ||
| P/B | 1.36 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | 3.6 |
EPS(TTM)-1.16
EYN/A
EPS(NY)4.22
Fwd EY15.22%
FCF(TTM)0.2
FCFY0.74%
OCF(TTM)5.12
OCFY18.49%
SpS20.33
BVpS20.3
TBVpS20.3
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.63% | ||
| ROE | 13.1% | ||
| ROCE | 10.61% | ||
| ROIC | 6.5% | ||
| ROICexc | 7% | ||
| ROICexgc | 7% | ||
| OM | 27.31% | ||
| PM (TTM) | 13.09% | ||
| GM | 105.6% | ||
| FCFM | 1.01% |
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 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-Score8
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 62.86 | ||
| Debt/EBITDA | 1.24 | ||
| Cap/Depr | 107.07% | ||
| Cap/Sales | 24.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 50.5% | ||
| Profit Quality | 7.69% | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 0.69 |
F-Score8
WACC8.57%
ROIC/WACC0.76
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)-125.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-129.63%
EPS Next Y463.6%
EPS Next 2Y168.04%
EPS Next 3Y80.69%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-36.67%
Revenue Next Year13.35%
Revenue Next 2Y6.96%
Revenue Next 3Y5.56%
Revenue Next 5Y-6%
EBIT growth 1Y-21.19%
EBIT growth 3Y38.27%
EBIT growth 5Y39.7%
EBIT Next Year7.81%
EBIT Next 3Y11.89%
EBIT Next 5Y1.51%
FCF growth 1Y-94.46%
FCF growth 3Y-13.96%
FCF growth 5YN/A
OCF growth 1Y-47.45%
OCF growth 3Y16.89%
OCF growth 5Y55.64%
PANORO ENERGY ASA / PEN.OL FAQ
What is the ChartMill fundamental rating of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to PEN.OL.
What is the valuation status of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to PANORO ENERGY ASA (PEN.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for PANORO ENERGY ASA?
PANORO ENERGY ASA (PEN.OL) has a profitability rating of 5 / 10.
Can you provide the expected EPS growth for PEN stock?
The Earnings per Share (EPS) of PANORO ENERGY ASA (PEN.OL) is expected to grow by 463.6% in the next year.
Can you provide the dividend sustainability for PEN stock?
The dividend rating of PANORO ENERGY ASA (PEN.OL) is 5 / 10 and the dividend payout ratio is 86.5%.