NORTHERN OCEAN LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.77 NOK | +1.62% |
|
-5.29% | -19.84% |
| May. 29 | Northern Ocean Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 05 | Northern Ocean Ltd. Announces Step Down of Scott McReaken as CEO | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,110 | 848.6 | 433.2 | 1,734 | 1,998 | 1,602 | - | - |
| Enterprise Value (EV) 1 | 3,110 | 4,572 | 4,565 | 6,010 | 7,157 | 6,556 | 5,892 | 5,466 |
| P/E ratio | - | -2.69 x | -4.49 x | -1.16 x | -2.65 x | -4.07 x | 4.78 x | 3.66 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 23.4 x | 1.04 x | 0.72 x | 7.75 x | 0.8 x | 0.59 x | 0.51 x | 0.49 x |
| EV / Revenue | 23.4 x | 5.58 x | 7.56 x | 26.8 x | 2.85 x | 2.43 x | 1.86 x | 1.68 x |
| EV / EBITDA | - | 89.6 x | -69.7 x | -24.5 x | 35 x | 10.3 x | 3.85 x | 3.42 x |
| EV / FCF | - | - | - | - | -8.5 x | -213 x | 9.89 x | 6.41 x |
| FCF Yield | - | - | - | - | -11.8% | -0.47% | 10.1% | 15.6% |
| Price to Book | - | 0.19 x | 0.1 x | 0.21 x | 0.43 x | 0.38 x | 0.37 x | 0.35 x |
| Nbr of stocks (in thousands) | 63,727 | 63,802 | 63,802 | 181,618 | 182,677 | 182,677 | - | - |
| Reference price 2 | 48.80 | 13.30 | 6.790 | 9.550 | 10.94 | 8.770 | 8.770 | 8.770 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/15/22 | 2/28/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 132.8 | 819.2 | 603.4 | 223.9 | 2,509 | 2,702 | 3,168 | 3,250 |
| EBITDA 1 | - | 51.06 | -65.47 | -245.4 | 204.4 | 639.5 | 1,530 | 1,596 |
| EBIT 1 | - | -205.1 | -445.3 | -660.9 | -249.8 | 149.3 | 1,033 | 1,100 |
| Operating Margin | - | -25.04% | -73.79% | -295.26% | -9.95% | 5.53% | 32.6% | 33.83% |
| Earnings before Tax (EBT) 1 | - | -332.1 | -638.1 | -955.9 | -721.5 | -319.4 | 491.4 | 590.4 |
| Net income 1 | -77.85 | -316.1 | -98.16 | -959.9 | -750.8 | -393.8 | 373.2 | 492.7 |
| Net margin | -58.61% | -38.59% | -16.27% | -428.82% | -29.92% | -14.57% | 11.78% | 15.16% |
| EPS 2 | - | -4.935 | -1.514 | -8.267 | -4.130 | -2.156 | 1.834 | 2.398 |
| Free Cash Flow 1 | - | - | - | - | -842.5 | -30.8 | 595.5 | 852.1 |
| FCF margin | - | - | - | - | -33.58% | -1.14% | 18.79% | 26.22% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 38.93% | 53.38% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 159.55% | 172.97% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/28/20 | 2/26/21 | 2/15/22 | 2/28/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 361.3 | 465.6 | 866 | 847.3 | 902.6 | 720.3 | 399.3 | 684.8 | - | - |
| EBITDA 1 | - | 28.77 | 34.66 | 72.36 | 71.12 | 152.1 | 178.7 | 45.86 | 263.6 | - | - |
| EBIT 1 | - | -84.03 | -77.59 | -47.37 | -46.25 | 28.98 | 56.15 | -76.65 | 141.1 | - | - |
| Operating Margin | - | -23.26% | -16.67% | -5.47% | -5.46% | 3.21% | 7.79% | -19.2% | 20.6% | - | - |
| Earnings before Tax (EBT) 1 | -53.42 | -186.7 | -185 | -178.9 | -184 | -90.48 | -62.49 | -193 | 25.96 | 68.48 | 147.7 |
| Net income 1 | 459.6 | -187 | -193.2 | -188.8 | -195 | -101.9 | -87.68 | -206.9 | 2.009 | 40.54 | 119.5 |
| Net margin | - | -51.77% | -41.5% | -21.8% | -23.01% | -11.29% | -12.17% | -51.82% | 0.29% | - | - |
| EPS 2 | 7.212 | -1.001 | -1.073 | -1.069 | -1.059 | -0.5286 | -0.4800 | -1.133 | 0.0110 | 0.2220 | 0.6540 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/15/22 | 5/30/23 | 8/29/23 | 11/28/23 | 2/28/24 | 5/29/24 | - | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 3,724 | 4,132 | 4,275 | 5,159 | 4,954 | 4,290 | 3,864 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 72.93 x | -63.11 x | -17.42 x | 25.24 x | 7.747 x | 2.804 x | 2.42 x |
| Free Cash Flow 1 | - | - | - | - | -843 | -30.8 | 595 | 852 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | 7.92% | 9.78% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 68.80 | 69.20 | 45.30 | 25.30 | 23.00 | 23.90 | 24.90 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | 519 | 524 | 216 | 123 |
| Capex / Sales | - | - | - | - | 20.67% | 19.37% | 6.8% | 3.79% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/15/22 | 2/28/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
8.77
NOK
Average target price
14
NOK
Spread / Average Target
+59.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.84% | 149M | |
| +8.99% | 19.16B | |
| -2.76% | 9.15B | |
| -10.92% | 6.13B | |
| -19.17% | 5.49B | |
| +4.97% | 5.15B | |
| -14.65% | 4.43B | |
| -4.17% | 4.09B | |
| +9.28% | 3.75B | |
| -2.54% | 3.45B |
- Stock Market
- Equities
- NOL Stock
- Financials Northern Ocean Ltd.
