NORTHERN OCEAN LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.29 NOK | +3.11% |
|
-2.11% | -15.08% |
| Apr. 05 | Northern Ocean Ltd. Announces Step Down of Scott McReaken as CEO | CI |
| Feb. 28 | Northern Ocean Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,110 | 848.6 | 433.2 | 1,734 | 1,697 | 1,697 | - |
| Enterprise Value (EV) 1 | 3,110 | 4,572 | 4,565 | 6,010 | 7,157 | 6,637 | 5,924 |
| P/E ratio | - | -2.69 x | -4.49 x | -1.16 x | -2.65 x | -11.2 x | 4.27 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 23.4 x | 1.04 x | 0.72 x | 7.75 x | 0.8 x | 0.6 x | 0.52 x |
| EV / Revenue | 23.4 x | 5.58 x | 7.56 x | 26.8 x | 2.85 x | 2.37 x | 1.83 x |
| EV / EBITDA | - | 89.6 x | -69.7 x | -24.5 x | 35 x | 7.25 x | 3.69 x |
| EV / FCF | - | - | - | - | -8.5 x | -215 x | 9.95 x |
| FCF Yield | - | - | - | - | -11.8% | -0.46% | 10.1% |
| Price to Book | - | 0.19 x | 0.1 x | 0.21 x | 0.43 x | 0.36 x | 0.36 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 | 9.290 | 9.290 | 9.290 |
| 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 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 132.8 | 819.2 | 603.4 | 223.9 | 2,509 | 2,806 | 3,240 |
| EBITDA 1 | - | 51.06 | -65.47 | -245.4 | 204.4 | 914.9 | 1,606 |
| EBIT 1 | - | -205.1 | -445.3 | -660.9 | -249.8 | 427.8 | 1,110 |
| Operating Margin | - | -25.04% | -73.79% | -295.26% | -9.95% | 15.25% | 34.27% |
| Earnings before Tax (EBT) 1 | - | -332.1 | -638.1 | -955.9 | -721.5 | -52.82 | 556.7 |
| Net income 1 | -77.85 | -316.1 | -98.16 | -959.9 | -750.8 | -151 | 435.9 |
| Net margin | -58.61% | -38.59% | -16.27% | -428.82% | -29.92% | -5.38% | 13.45% |
| EPS 2 | - | -4.935 | -1.514 | -8.267 | -4.130 | -0.8270 | 2.178 |
| Free Cash Flow 1 | - | - | - | - | -842.5 | -30.8 | 595.5 |
| FCF margin | - | - | - | - | -33.58% | -1.1% | 18.38% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 37.09% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 136.59% |
| 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 Q2 | 2021 Q3 | 2021 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 361.3 | 465.6 | 866 | 847.3 | 921.1 | 752.4 | 417.1 | 715.3 |
| EBITDA 1 | - | - | - | 28.77 | 34.66 | 72.36 | 71.12 | 309.4 | 221.6 | 78.23 | 305.7 |
| EBIT 1 | - | - | - | -84.03 | -77.59 | -47.37 | -46.25 | 187.6 | 99.84 | -43.54 | 183.9 |
| Operating Margin | - | - | - | -23.26% | -16.67% | -5.47% | -5.46% | 20.37% | 13.27% | -10.44% | 25.71% |
| Earnings before Tax (EBT) 1 | -247.2 | -237.3 | -53.42 | -186.7 | -185 | -178.9 | -184 | 64.08 | -21.25 | -162.2 | 66.52 |
| Net income 1 | -221.6 | -233.9 | 459.6 | -187 | -193.2 | -188.8 | -195 | 31.84 | -47.58 | -176.8 | 41.48 |
| Net margin | - | - | - | -51.77% | -41.5% | -21.8% | -23.01% | 3.46% | -6.32% | -42.38% | 5.8% |
| EPS 2 | -3.435 | -3.669 | 7.212 | -1.001 | -1.073 | -1.069 | -1.059 | 0.1740 | -0.2610 | -0.9680 | 0.2270 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/27/21 | 11/26/21 | 2/15/22 | 5/30/23 | 8/29/23 | 11/28/23 | 2/28/24 | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 3,724 | 4,132 | 4,275 | 5,159 | 4,940 | 4,227 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 72.93 x | -63.11 x | -17.42 x | 25.24 x | 5.4 x | 2.633 x |
| Free Cash Flow 1 | - | - | - | - | -843 | -30.8 | 595 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | 8.72% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 68.80 | 69.20 | 45.30 | 25.30 | 25.50 | 25.50 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | 519 | 524 | 216 |
| Capex / Sales | - | - | - | - | 20.67% | 18.66% | 6.65% |
| 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
9.29
NOK
Average target price
14
NOK
Spread / Average Target
+50.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.08% | 154M | |
| +1.59% | 16.73B | |
| +12.28% | 9.69B | |
| -3.88% | 6.61B | |
| -18.75% | 5.69B | |
| +0.92% | 5.01B | |
| -7.56% | 4.86B | |
| +4.17% | 4.54B | |
| +11.51% | 3.99B | |
| +7.22% | 3.9B |
- Stock Market
- Equities
- NOL Stock
- Financials Northern Ocean Ltd.
