PETRONOR E&P ASA (PNOR.OL) Stock Fundamental Analysis

OSL:PNOR • NO0012942525

10.06 NOK
-0.08 (-0.79%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

PNOR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 70 industry peers in the Oil, Gas & Consumable Fuels industry. PNOR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. PNOR is cheap, but on the other hand it scores bad on growth. These ratings could make PNOR a good candidate for value investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • PNOR had positive earnings in the past year.
  • In the past year PNOR had a positive cash flow from operations.
  • In the past 5 years PNOR has always been profitable.
  • Of the past 5 years PNOR 4 years had a positive operating cash flow.
PNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFPNOR.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

  • The Return On Assets of PNOR (7.00%) is better than 80.00% of its industry peers.
  • The Return On Equity of PNOR (10.40%) is comparable to the rest of the industry.
  • PNOR has a Return On Invested Capital of 16.51%. This is amongst the best in the industry. PNOR outperforms 92.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for PNOR is significantly above the industry average of 9.02%.
  • The last Return On Invested Capital (16.51%) for PNOR is well below the 3 year average (25.97%), which needs to be investigated, but indicates that PNOR had better years and this may not be a problem.
Industry RankSector Rank
ROA 7%
ROE 10.4%
ROIC 16.51%
ROA(3y)18.05%
ROA(5y)13.4%
ROE(3y)28.54%
ROE(5y)27.26%
ROIC(3y)25.97%
ROIC(5y)29.21%
PNOR.OL Yearly ROA, ROE, ROICPNOR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200

1.3 Margins

  • PNOR has a better Profit Margin (12.53%) than 67.14% of its industry peers.
  • In the last couple of years the Profit Margin of PNOR has grown nicely.
  • The Operating Margin of PNOR (48.48%) is better than 97.14% of its industry peers.
  • PNOR's Operating Margin has been stable in the last couple of years.
  • PNOR has a Gross Margin of 57.67%. This is in the better half of the industry: PNOR outperforms 67.14% of its industry peers.
  • In the last couple of years the Gross Margin of PNOR has declined.
Industry RankSector Rank
OM 48.48%
PM (TTM) 12.53%
GM 57.67%
OM growth 3Y-9.51%
OM growth 5Y-1.13%
PM growth 3Y12.45%
PM growth 5YN/A
GM growth 3Y-10.4%
GM growth 5Y-5.31%
PNOR.OL Yearly Profit, Operating, Gross MarginsPNOR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

10

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PNOR is creating value.
  • PNOR has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for PNOR has been reduced compared to 5 years ago.
  • PNOR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
PNOR.OL Yearly Shares OutstandingPNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
PNOR.OL Yearly Total Debt VS Total AssetsPNOR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 3.90 indicates that PNOR is not in any danger for bankruptcy at the moment.
  • PNOR has a Altman-Z score of 3.90. This is amongst the best in the industry. PNOR outperforms 84.29% of its industry peers.
  • PNOR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 3.9
ROIC/WACC1.93
WACC8.57%
PNOR.OL Yearly LT Debt VS Equity VS FCFPNOR.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

2.3 Liquidity

  • A Current Ratio of 4.91 indicates that PNOR has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 4.91, PNOR belongs to the top of the industry, outperforming 94.29% of the companies in the same industry.
  • PNOR has a Quick Ratio of 4.01. This indicates that PNOR is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of PNOR (4.01) is better than 91.43% of its industry peers.
Industry RankSector Rank
Current Ratio 4.91
Quick Ratio 4.01
PNOR.OL Yearly Current Assets VS Current LiabilitesPNOR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • PNOR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -81.10%.
  • PNOR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 38.60% yearly.
  • The Revenue for PNOR has decreased by -61.56% in the past year. This is quite bad
  • PNOR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.76% yearly.
EPS 1Y (TTM)-81.1%
EPS 3Y38.6%
EPS 5YN/A
EPS Q2Q%-58.33%
Revenue 1Y (TTM)-61.56%
Revenue growth 3Y24.31%
Revenue growth 5Y14.76%
Sales Q2Q%-79.4%

3.2 Future

  • The Earnings Per Share is expected to decrease by -41.61% on average over the next years. This is quite bad
  • Based on estimates for the next years, PNOR will show a very negative growth in Revenue. The Revenue will decrease by -20.47% on average per year.
EPS Next Y-25%
EPS Next 2Y-41.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-15.06%
Revenue Next 2Y-20.47%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
PNOR.OL Yearly Revenue VS EstimatesPNOR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
PNOR.OL Yearly EPS VS EstimatesPNOR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 0.4

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.90 indicates a reasonable valuation of PNOR.
  • PNOR's Price/Earnings ratio is rather cheap when compared to the industry. PNOR is cheaper than 92.86% of the companies in the same industry.
  • PNOR is valuated cheaply when we compare the Price/Earnings ratio to 27.05, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 6.86, which indicates a rather cheap valuation of PNOR.
  • Based on the Price/Forward Earnings ratio, PNOR is valued cheaper than 95.71% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. PNOR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.9
Fwd PE 6.86
PNOR.OL Price Earnings VS Forward Price EarningsPNOR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PNOR is valued cheaply inside the industry as 97.14% of the companies are valued more expensively.
  • 97.14% of the companies in the same industry are more expensive than PNOR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 2.29
EV/EBITDA 1.13
PNOR.OL Per share dataPNOR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • PNOR has a very decent profitability rating, which may justify a higher PE ratio.
  • PNOR's earnings are expected to decrease with -41.61% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.61%
EPS Next 3YN/A

More info and screens

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

0

5. Dividend

5.1 Amount

  • PNOR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

PETRONOR E&P ASA

OSL:PNOR (2/25/2026, 7:00:00 PM)

10.06

-0.08 (-0.79%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-20
Earnings (Next)02-20
Inst Owners2.83%
Inst Owner ChangeN/A
Ins Owners1.94%
Ins Owner ChangeN/A
Market Cap1.43B
Revenue(TTM)121.65M
Net Income(TTM)15.24M
Analysts82.86
Price Target13.26 (31.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 8.9
Fwd PE 6.86
P/S 1.23
P/FCF 2.29
P/OCF 2
P/B 1.02
P/tB 1.08
EV/EBITDA 1.13
EPS(TTM)1.13
EY11.23%
EPS(NY)1.47
Fwd EY14.58%
FCF(TTM)4.39
FCFY43.6%
OCF(TTM)5.02
OCFY49.94%
SpS8.19
BVpS9.87
TBVpS9.31
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.84
Profitability
Industry RankSector Rank
ROA 7%
ROE 10.4%
ROCE 29.29%
ROIC 16.51%
ROICexc 23.62%
ROICexgc 25.11%
OM 48.48%
PM (TTM) 12.53%
GM 57.67%
FCFM 53.55%
ROA(3y)18.05%
ROA(5y)13.4%
ROE(3y)28.54%
ROE(5y)27.26%
ROIC(3y)25.97%
ROIC(5y)29.21%
ROICexc(3y)33.15%
ROICexc(5y)39.25%
ROICexgc(3y)39.5%
ROICexgc(5y)46.11%
ROCE(3y)47.13%
ROCE(5y)55.34%
ROICexgc growth 3Y-21.92%
ROICexgc growth 5Y-46.42%
ROICexc growth 3Y-20.01%
ROICexc growth 5Y-37.94%
OM growth 3Y-9.51%
OM growth 5Y-1.13%
PM growth 3Y12.45%
PM growth 5YN/A
GM growth 3Y-10.4%
GM growth 5Y-5.31%
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 48.99%
Cap/Sales 7.79%
Interest Coverage 1156.51
Cash Conversion 95.27%
Profit Quality 427.37%
Current Ratio 4.91
Quick Ratio 4.01
Altman-Z 3.9
F-Score5
WACC8.57%
ROIC/WACC1.93
Cap/Depr(3y)235.93%
Cap/Depr(5y)264.03%
Cap/Sales(3y)18.03%
Cap/Sales(5y)16.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-81.1%
EPS 3Y38.6%
EPS 5YN/A
EPS Q2Q%-58.33%
EPS Next Y-25%
EPS Next 2Y-41.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-61.56%
Revenue growth 3Y24.31%
Revenue growth 5Y14.76%
Sales Q2Q%-79.4%
Revenue Next Year-15.06%
Revenue Next 2Y-20.47%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-65.91%
EBIT growth 3Y12.49%
EBIT growth 5Y13.46%
EBIT Next Year-7.92%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y151.29%
FCF growth 3YN/A
FCF growth 5Y9.26%
OCF growth 1Y13.92%
OCF growth 3Y50.47%
OCF growth 5Y7.36%

PETRONOR E&P ASA / PNOR.OL FAQ

What is the fundamental rating for PNOR stock?

ChartMill assigns a fundamental rating of 7 / 10 to PNOR.OL.


What is the valuation status for PNOR stock?

ChartMill assigns a valuation rating of 8 / 10 to PETRONOR E&P ASA (PNOR.OL). This can be considered as Undervalued.


What is the profitability of PNOR stock?

PETRONOR E&P ASA (PNOR.OL) has a profitability rating of 7 / 10.


What is the earnings growth outlook for PETRONOR E&P ASA?

The Earnings per Share (EPS) of PETRONOR E&P ASA (PNOR.OL) is expected to decline by -25% in the next year.


Is the dividend of PETRONOR E&P ASA sustainable?

The dividend rating of PETRONOR E&P ASA (PNOR.OL) is 0 / 10 and the dividend payout ratio is 0%.