PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis

OSL:PEN • NO0010564701

26.15 NOK
+0.3 (+1.16%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall PEN gets a fundamental rating of 4 out of 10. We evaluated PEN against 70 industry peers in the Oil, Gas & Consumable Fuels industry. While PEN is still in line with the averages on profitability rating, there are concerns on its financial health. PEN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

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.
  • In the past 5 years PEN always reported a positive cash flow from operatings.
PEN.OL Yearly Net Income VS EBIT VS OCF VS FCFPEN.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

  • PEN's Return On Assets of 4.63% is in line compared to the rest of the industry. PEN outperforms 60.00% of its industry peers.
  • PEN has a Return On Equity of 13.10%. This is in the better half of the industry: PEN outperforms 72.86% of its industry peers.
  • PEN has a Return On Invested Capital (6.50%) which is in line with its industry peers.
Industry RankSector 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
PEN.OL Yearly ROA, ROE, ROICPEN.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 13.09%, PEN is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
  • PEN's Profit Margin has been stable in the last couple of years.
  • PEN's Operating Margin of 27.31% is fine compared to the rest of the industry. PEN outperforms 68.57% of its industry peers.
  • PEN's Operating Margin has declined in the last couple of years.
  • PEN has a better Gross Margin (105.60%) than 100.00% of its industry peers.
Industry RankSector 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
PEN.OL Yearly Profit, Operating, Gross MarginsPEN.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
PEN.OL Yearly Shares OutstandingPEN.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M
PEN.OL Yearly Total Debt VS Total AssetsPEN.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M

2.2 Solvency

  • PEN has an Altman-Z score of 0.67. This is a bad value and indicates that PEN is not financially healthy and even has some risk of bankruptcy.
  • PEN has a worse Altman-Z score (0.67) than 80.00% 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.
  • With a Debt to FCF ratio value of 62.86, PEN is not doing good in the industry: 72.86% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.62 indicates that PEN is somewhat dependend on debt financing.
  • PEN has a Debt to Equity ratio of 0.62. This is in the lower half of the industry: PEN underperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 62.86
Altman-Z 0.67
ROIC/WACC0.76
WACC8.57%
PEN.OL Yearly LT Debt VS Equity VS FCFPEN.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 2.03 indicates that PEN has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 2.03, PEN is doing good in the industry, outperforming 78.57% 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.
  • With a Quick ratio value of 1.07, PEN perfoms like the industry average, outperforming 52.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.03
Quick Ratio 1.07
PEN.OL Yearly Current Assets VS Current LiabilitesPEN.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M

More info and screens

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 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.
  • The Revenue has been growing slightly by 7.00% in the past year.
  • Measured over the past years, PEN shows a very strong growth in Revenue. The Revenue has been growing by 44.20% on average per year.
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

  • Based on estimates for the next years, PEN will show a decrease in Earnings Per Share. The EPS will decrease by -7.55% on average per year.
  • 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.
PEN.OL Yearly Revenue VS EstimatesPEN.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50M 100M 150M 200M 250M
PEN.OL Yearly EPS VS EstimatesPEN.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 -1

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.89 indicates a reasonable valuation of PEN.
  • Based on the Price/Earnings ratio, PEN is valued a bit cheaper than 74.29% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.10. PEN is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 6.53 indicates a rather cheap valuation of PEN.
  • Based on the Price/Forward Earnings ratio, PEN is valued cheaply inside the industry as 97.14% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, PEN is valued rather cheaply.
Industry RankSector Rank
PE 11.89
Fwd PE 6.53
PEN.OL Price Earnings VS Forward Price EarningsPEN.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • PEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PEN is cheaper than 81.43% of the companies in the same industry.
  • PEN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. PEN is more expensive than 72.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 129.31
EV/EBITDA 3.48
PEN.OL Per share dataPEN.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.42
EPS Next 2Y-5.56%
EPS Next 3Y6.49%

More info and screens

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

5

5. Dividend

5.1 Amount

  • PEN has a Yearly Dividend Yield of 12.16%, which is a nice return.
  • PEN's Dividend Yield is rather good when compared to the industry average which is at 5.34. PEN pays more dividend than 95.71% of the companies in the same industry.
  • PEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 12.16%

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 2Y-5.56%
EPS Next 3Y6.49%
PEN.OL Yearly Income VS Free CF VS DividendPEN.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M
PEN.OL Dividend Payout.PEN.OL Dividend Payout, showing the Payout Ratio.PEN.OL Dividend Payout.PayoutRetained Earnings

More info and screens

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PANORO ENERGY ASA

OSL:PEN (2/27/2026, 7:00:00 PM)

26.15

+0.3 (+1.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-20
Earnings (Next)02-25
Inst Owners42.27%
Inst Owner ChangeN/A
Ins Owners5.32%
Ins Owner ChangeN/A
Market Cap2.97B
Revenue(TTM)238.60M
Net Income(TTM)31.23M
Analysts80
Price Target32.3 (23.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 12.16%
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)-0.52%
PT rev (3m)-5.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-57.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-20.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.42%
Valuation
Industry RankSector Rank
PE 11.89
Fwd PE 6.53
P/S 1.3
P/FCF 129.31
P/OCF 5.16
P/B 1.3
P/tB 1.3
EV/EBITDA 3.48
EPS(TTM)2.2
EY8.41%
EPS(NY)4.01
Fwd EY15.32%
FCF(TTM)0.2
FCFY0.77%
OCF(TTM)5.07
OCFY19.38%
SpS20.11
BVpS20.08
TBVpS20.08
PEG (NY)N/A
PEG (5Y)0.42
Graham Number31.53
Profitability
Industry RankSector 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 RankSector 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 0.67
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 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 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%.