PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:PEN • NO0010564701
21.85 NOK
+0.3 (+1.39%)
Last: Feb 4, 2026, 07:00 PM
Taking everything into account, PEN scores 5 out of 10 in our fundamental rating. PEN was compared to 73 industry peers in the Oil, Gas & Consumable Fuels industry. PEN has a medium profitability rating, but doesn't score so well on its financial health evaluation. PEN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year PEN was profitable.
- In the past year PEN had a positive cash flow from operations.
- PEN had positive earnings in 4 of the past 5 years.
- PEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of PEN (4.63%) is better than 68.49% of its industry peers.
- The Return On Equity of PEN (13.10%) is better than 75.34% of its industry peers.
- The Return On Invested Capital of PEN (6.50%) is better than 61.64% 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 better Profit Margin (13.09%) than 71.23% of its industry peers.
- In the last couple of years the Profit Margin of PEN has remained more or less at the same level.
- PEN has a Operating Margin of 27.31%. This is in the better half of the industry: PEN outperforms 68.49% of its industry peers.
- PEN's Operating Margin has declined in the last couple of years.
- PEN's Gross Margin of 105.60% is amongst the best of the industry. PEN outperforms 100.00% 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. Health
2.1 Basic Checks
- PEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
- PEN has an Altman-Z score of 0.60. 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 0.60 is on the low side compared to the rest of the industry. PEN is outperformed by 82.19% 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's Debt to FCF ratio of 62.86 is on the low side compared to the rest of the industry. PEN is outperformed by 72.60% of its industry peers.
- PEN has a Debt/Equity ratio of 0.62. This is a neutral value indicating PEN is somewhat dependend on debt financing.
- PEN's Debt to Equity ratio of 0.62 is on the low side compared to the rest of the industry. PEN is outperformed by 61.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 62.86 | ||
| Altman-Z | 0.6 |
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.
- PEN's Current ratio of 2.03 is fine compared to the rest of the industry. PEN outperforms 79.45% of its industry peers.
- 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.
- With a Quick ratio value of 1.07, PEN perfoms like the industry average, outperforming 53.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
- The earnings per share for PEN have decreased by -4.17% in the last year.
- PEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 28.50% yearly.
- PEN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.00%.
- The Revenue has been growing by 44.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-4.17%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-1229.17%
Revenue 1Y (TTM)7%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%76.42%
3.2 Future
- The Earnings Per Share is expected to decrease by -7.55% on average over the next years.
- PEN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.07% yearly.
EPS Next Y-62.61%
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
EPS Next 5Y-7.55%
Revenue Next Year-16.51%
Revenue Next 2Y-3.71%
Revenue Next 3Y-1.54%
Revenue Next 5Y-6.07%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- PEN is valuated reasonably with a Price/Earnings ratio of 9.80.
- PEN's Price/Earnings ratio is rather cheap when compared to the industry. PEN is cheaper than 83.56% of the companies in the same industry.
- PEN is valuated cheaply when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
- PEN is valuated cheaply with a Price/Forward Earnings ratio of 5.39.
- 97.26% of the companies in the same industry are more expensive than PEN, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 27.50. PEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.8 | ||
| Fwd PE | 5.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PEN is valued cheaply inside the industry as 82.19% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, PEN is valued a bit more expensive than 72.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 106.7 | ||
| EV/EBITDA | 3.02 |
4.3 Compensation for Growth
- PEN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
5. Dividend
5.1 Amount
- PEN has a Yearly Dividend Yield of 12.68%, which is a nice return.
- PEN's Dividend Yield is rather good when compared to the industry average which is at 5.10. PEN pays more dividend than 97.26% of the companies 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 | 12.68% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 86.50% of the earnings are spent on dividend by PEN. This is not a sustainable payout ratio.
DP86.5%
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
OSL:PEN (2/4/2026, 7:00:00 PM)
21.85
+0.3 (+1.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-20 2025-11-20/bmo
Earnings (Next)02-25 2026-02-25/amc
Inst Owners42.27%
Inst Owner ChangeN/A
Ins Owners5.32%
Ins Owner ChangeN/A
Market Cap2.48B
Revenue(TTM)238.60M
Net Income(TTM)31.23M
Analysts80
Price Target32.47 (48.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.68% |
Yearly Dividend2.74
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)-10.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-64.12%
Revenue NQ rev (1m)-15.31%
Revenue NQ rev (3m)-20.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.8 | ||
| Fwd PE | 5.39 | ||
| P/S | 1.07 | ||
| P/FCF | 106.7 | ||
| P/OCF | 4.26 | ||
| P/B | 1.07 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 3.02 |
EPS(TTM)2.23
EY10.21%
EPS(NY)4.06
Fwd EY18.57%
FCF(TTM)0.2
FCFY0.94%
OCF(TTM)5.13
OCFY23.48%
SpS20.36
BVpS20.33
TBVpS20.33
PEG (NY)N/A
PEG (5Y)0.34
Graham Number31.94
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 | 0.6 |
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)-4.17%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-1229.17%
EPS Next Y-62.61%
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
EPS Next 5Y-7.55%
Revenue 1Y (TTM)7%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%76.42%
Revenue Next Year-16.51%
Revenue Next 2Y-3.71%
Revenue Next 3Y-1.54%
Revenue Next 5Y-6.07%
EBIT growth 1Y-21.19%
EBIT growth 3Y38.27%
EBIT growth 5Y39.7%
EBIT Next Year13.29%
EBIT Next 3Y13.14%
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 5 / 10 to PEN.OL.
What is the valuation status of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a valuation rating of 6 / 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 6 / 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 decline by -62.61% 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%.