View ValuationNorske Skog 将来の成長Future 基準チェック /16Norske Skogの収益は年間4.9%で減少すると予測されていますが、年間収益は年間11.4%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に4.1% 5%なると予測されています。主要情報-4.9%収益成長率-4.97%EPS成長率Forestry 収益成長19.5%収益成長率11.4%将来の株主資本利益率4.07%アナリストカバレッジLow最終更新日06 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jan 02Norske Skog Asa Announces Appointment of Christoffer Bull as Senior Vice President Business Development and Resignation from Board of Directors, Effective January 1, 2026Norske Skog announced the appointment of Christoffer Bull as Senior Vice President Business Development, effective 1 January 2026. Upon assuming this position, Mr. Bull will resign from his role as a member of the Norske Skog Board of Directors. Mr. Bull until recently served as COO of Greenbit AS and has served at the Norske Skog Board of Directors since 2023. His professional background includes nearly two decades with Norske Skog, including close to ten years at the group head office, as well as marketing director roles at Norske Skog Follum, Norske Skog Golbey, and Norske Skog Saugbrugs. Mr. Bull holds a master’s degree in economics from Université des Sciences Sociales Toulouse 1 and has completed an executive management programme at HEC Paris. In his new role, Mr. Bull will be responsible for the continued development and follow-up of Norske Skog’s packaging paper segment, with a particular focus on Norske Skog Golbey. His experience and expertise will be a valuable contribution to the Norske Skog Executive Management team.お知らせ • Aug 07+ 2 more updatesNorske Skog ASA to Report First Half, 2026 Results on Jul 14, 2026Norske Skog ASA announced that they will report first half, 2026 results on Jul 14, 2026お知らせ • Apr 17Boyer Capital Pty Ltd completed the acquisition of Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG).Boyer Capital Pty Ltd agreed to acquire Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG) for enterprise value of approximately NOK 190 million on February 7, 2025. A cash consideration of NOK 190 million will be paid by Boyer Capital Pty Ltd. As part of consideration, NOK 190 million is paid towards common equity of Norske Skog Industries Australia Limited. The expected completion of the transaction is during the first quarter of 2025 Boyer Capital Pty Ltd completed the acquisition of Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG) on April 16, 2025.お知らせ • Jan 13Norske Skog ASA, Annual General Meeting, Apr 10, 2025Norske Skog ASA, Annual General Meeting, Apr 10, 2025.お知らせ • Jan 10+ 1 more updateNorske Skog ASA to Report Fiscal Year 2024 Results on Mar 20, 2025Norske Skog ASA announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Mar 20, 2025Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €1.44, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 10x in the Forestry industry in Europe. Total loss to shareholders of 62% over the past three years.New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.95, the stock trades at a trailing P/E ratio of 8.5x. Average forward P/E is 10x in the Forestry industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.40 per share.New Risk • Oct 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).Reported Earnings • Oct 20Third quarter 2024 earnings released: kr1.80 loss per share (vs kr1.45 profit in 3Q 2023)Third quarter 2024 results: kr1.80 loss per share (down from kr1.45 profit in 3Q 2023). Revenue: kr3.01b (up 14% from 3Q 2023). Net loss: kr153.0m (down 214% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Oct 18+ 5 more updatesNorske Skog ASA, Annual General Meeting, Apr 16, 2026Norske Skog ASA, Annual General Meeting, Apr 16, 2026.Buy Or Sell Opportunity • Oct 07Now 22% overvaluedOver the last 90 days, the stock has fallen 27% to €2.64. The fair value is estimated to be €2.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.Recent Insider Transactions • Sep 11Chief Financial Officer recently bought €19k worth of stockOn the 6th of September, Tord Torvund bought around 7k shares on-market at roughly €2.87 per share. This transaction increased Tord's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tord's only on-market trade for the last 12 months.Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr2.89 (vs kr0.48 in 2Q 2023)Second quarter 2024 results: EPS: kr2.89 (up from kr0.48 in 2Q 2023). Revenue: kr2.73b (down 13% from 2Q 2023). Net income: kr245.0m (up 444% from 2Q 2023). Profit margin: 9.0% (up from 1.4% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • May 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Independent Chair of the Board Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 24Full year 2023 earnings released: EPS: kr5.27 (vs kr27.28 in FY 2022)Full year 2023 results: EPS: kr5.27 (down from kr27.28 in FY 2022). Revenue: kr11.8b (down 19% from FY 2022). Net income: kr481.0m (down 81% from FY 2022). Profit margin: 4.1% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr5.63 (vs kr27.28 in FY 2022)Full year 2023 results: EPS: kr5.63 (down from kr27.28 in FY 2022). Revenue: kr12.7b (down 13% from FY 2022). Net income: kr480.0m (down 81% from FY 2022). Profit margin: 3.8% (down from 18% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jan 12Norske Skog ASA Announces Chief Financial Officer ChangesNorske Skog strengthens corporate management. Tord Steinset Torvund (33) is employed as Chief Financial Officer (CFO) in Norske Skog ASA from 1 March 2024, because the current CFO, Rune Sollie (57), having announced that he wishes to resign. Tord Steinset Torvund (33) has been appointed as the new Chief Financial Officer (CFO). Despite his young age, Torvund has solid experience from various audit and finance positions both inside and outside Norske Skog. He has exceptionally good analytical skills and has demonstrated that he works in a structured manner with great work capacity. Tord is currently the finance director at Norske Skog Saugbrugs in Halden and was previously controller for the group's operations. He is currently also the general manager of Saugbrugs Bioenergi AS, and a board member of the Norske Skog companies Cebina AS and Cebico AS. Before his employment at Norske Skog, Tord worked as an auditor at KPMG for 5 years with responsibility for large industrial clients. He also has different experience from shorter working periods during his studies at Kværner ASA, Norsk Hydro ASA, and REC Silicon ASA. Tord has three master's degrees respectively in financial economics from the Norwegian School of Economics in Bergen (NHH), CEMS international management at NHH and St. Petersburg University, and in accounting and auditing (NHH). Rune Sollie is leaving as CFO. Rune Sollie (57) was employed in 2014 and has been part of the corporate management at Norske Skog throughout this period. Among other things, he has had responsibility for financial reporting, financing, IT and investor relations. Sollie has also been a board member in numerous Norske Skog companies in the same period, currently among others in Norske Skog Saugbrugs AS, Norske Skog Skogn AS and Norske Skog Industries Australia Ltd. as well as the minority owned company Circa Group AS. Sollie has been central to the refinancing and restructuring of Norske Skog and the new IPO in 2019.お知らせ • Nov 30+ 2 more updatesNorske Skog ASA, Annual General Meeting, Apr 11, 2024Norske Skog ASA, Annual General Meeting, Apr 11, 2024.お知らせ • Nov 15Norske Skog ASA Announces Dividend, Payable on or About 28 November 2023Norske Skog ASA announced dividend of NOK 0.67 per share, Ex-date: 20 November 2023, Record date: 21 November 2023 and Payment date: On or about 28 November 2023.Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: kr1.45 (vs kr0.12 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.45 (up from kr0.12 loss in 3Q 2022). Revenue: kr3.04b (down 14% from 3Q 2022). Net income: kr134.0m (up kr145.0m from 3Q 2022). Profit margin: 4.4% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 11Oji Fibre Solutions (NZ) Limited acquired Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG).Oji Fibre Solutions (NZ) Limited agreed to acquire Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG) for approximately NZD 10.9 million on September 20, 2023. The cash proceeds from the transaction were be received on October 10, 2023. Following this transaction with Oji, Norske Skog only retains some rural land areas, and some other land areas previously used for industrial landfilling and water treatment facilities. The transaction was approved by the Overseas Investment Office on September 20, 2023. Oji Fibre Solutions (NZ) Limited completed the acquisition of Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG) on October 10, 2023.お知らせ • Sep 03Norske Skog ASA Announces Chief Executive Officer ChangesThe board of directors of Norske Skog ASA has appointed Geir Drangsland as the new chief executive officer as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company. Geir Drangsland, who has served as the chair of the board since March 2023, steps out of the board of directors to become the new CEO of Norske Skog effective from 1 September 2023. Arvid Grundekjøn has been selected the new chair of the board of directors. Grundekjøn has been member of the board of directors since 2018.New Risk • Jul 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin).Reported Earnings • Jul 16Second quarter 2023 earnings released: EPS: kr0.48 (vs kr9.92 in 2Q 2022)Second quarter 2023 results: EPS: kr0.48 (down from kr9.92 in 2Q 2022). Revenue: kr3.40b (down 11% from 2Q 2022). Net income: kr45.0m (down 95% from 2Q 2022). Profit margin: 1.3% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.98, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 29% over the past three years.Reported Earnings • Apr 30First quarter 2023 earnings released: kr1.91 loss per share (vs kr6.18 profit in 1Q 2022)First quarter 2023 results: kr1.91 loss per share (down from kr6.18 profit in 1Q 2022). Revenue: kr3.32b (flat on 1Q 2022). Net loss: kr181.0m (down 131% from profit in 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Mar 24Independent Director recently bought €53k worth of stockOn the 21st of March, Arvid Grundekjon bought around 10k shares on-market at roughly €5.28 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €102k more in shares than they have sold in the last 12 months.お知らせ • Jan 28Norske Skog ASA Proposes DividendThe board of Norske Skog ASA proposed to the annual general meeting an authority to pay NOK 5 dividend per share.お知らせ • Jan 21Norske Skog ASA to Report Fiscal Year 2022 Results on Mar 30, 2023Norske Skog ASA announced that they will report fiscal year 2022 results on Mar 30, 2023お知らせ • Dec 03+ 4 more updatesNorske Skog ASA to Report Q3, 2023 Results on Oct 20, 2023Norske Skog ASA announced that they will report Q3, 2023 results on Oct 20, 2023Board Change • Nov 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. Independent Director Trine-Marie Hagen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Reported Earnings • Oct 22Third quarter 2022 earnings released: kr0.12 loss per share (vs kr6.38 loss in 3Q 2021)Third quarter 2022 results: kr0.12 loss per share (improved from kr6.38 loss in 3Q 2021). Revenue: kr3.63b (up 43% from 3Q 2021). Net loss: kr11.0m (loss narrowed 98% from 3Q 2021). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to €5.94, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 63% over the past year.Reported Earnings • Jul 17Second quarter 2022 earnings released: EPS: kr9.92 (vs kr3.77 loss in 2Q 2021)Second quarter 2022 results: EPS: kr9.92 (up from kr3.77 loss in 2Q 2021). Revenue: kr3.82b (up 75% from 2Q 2021). Net income: kr935.0m (up kr1.29b from 2Q 2021). Profit margin: 25% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4%, compared to a 8.3% growth forecast for the industry in Germany.Reported Earnings • May 04First quarter 2022 earnings released: EPS: kr6.18 (vs kr2.05 in 1Q 2021)First quarter 2022 results: EPS: kr6.18 (up from kr2.05 in 1Q 2021). Revenue: kr3.59b (up 67% from 1Q 2021). Net income: kr583.0m (up 201% from 1Q 2021). Profit margin: 16% (up from 9.0% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 6.3% growth forecast for the industry in Germany.Board Change • Apr 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. Independent Director Trine-Marie Hagen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 03Full year 2021 earnings released: kr3.90 loss per share (vs kr22.84 loss in FY 2020)Full year 2021 results: kr3.90 loss per share (up from kr22.84 loss in FY 2020). Revenue: kr9.85b (up 7.4% from FY 2020). Net loss: kr363.0m (loss narrowed 81% from FY 2020). Over the next year, revenue is forecast to grow 25%, compared to a 3.9% growth forecast for the industry in Germany.Recent Insider Transactions • Mar 04Chairperson of the Board recently bought €138k worth of stockOn the 2nd of March, Jen-Yue Chiang bought around 30k shares on-market at roughly €4.62 per share. In the last 3 months, they made an even bigger purchase worth €182k. Jen-Yue has been a buyer over the last 12 months, purchasing a net total of €321k worth in shares.Reported Earnings • Feb 06Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: kr3.85 loss per share (up from kr22.84 loss in FY 2020). Revenue: kr10.3b (up 12% from FY 2020). Net loss: kr363.0m (loss narrowed 81% from FY 2020). Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 15%, compared to a 4.5% growth forecast for the industry in Germany.Recent Insider Transactions • Dec 23Chairperson of the Board recently bought €182k worth of stockOn the 21st of December, Jen-Yue Chiang bought around 50k shares on-market at roughly €3.64 per share. This was the largest purchase by an insider in the last 3 months. This was Jen-Yue's only on-market trade for the last 12 months.Reported Earnings • Oct 26Third quarter 2021 earnings releasedThe company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr2.64b (up 22% from 3Q 2020). Net loss: kr602.0m (loss widened kr513.0m from 3Q 2020).Reported Earnings • Jul 18Second quarter 2021 earnings released: kr3.77 loss per share (vs kr0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr2.18b (up 8.4% from 2Q 2020). Net loss: kr355.0m (loss widened kr296.0m from 2Q 2020).業績と収益の成長予測DB:0BQ - アナリストの将来予測と過去の財務データ ( )NOK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202813,320451N/AN/A212/31/202712,694243N/AN/A212/31/202611,696714N/AN/A23/31/20269,394340-57792N/A12/31/20259,445441-755227N/A9/30/20259,462122-1,21293N/A6/30/20259,556-180-1,493-89N/A3/31/20259,55014-1,710-118N/A12/31/20249,234-661-1,573-15N/A9/30/20247,704430-967929N/A6/30/20247,974705-1,2251,374N/A3/31/20248,834477-1,4231,429N/A12/31/20239,891535-1,1561,928N/A9/30/202312,7811,064-1,4641,701N/A6/30/202313,679919-5122,154N/A3/31/202314,3821,808-1332,274N/A12/31/202214,5372,572-1882,040N/A9/30/202213,6691,907-611,612N/A6/30/202212,6591,316-614887N/A3/31/202211,02126-999224N/A12/31/20219,849-363-830191N/A9/30/20219,270-2,125-992-53N/A6/30/20218,912-1,612-591161N/A3/31/20218,742-1,316-479242N/A12/31/20209,173-1,884-83549N/A9/30/20209,793-680-123397N/A6/30/202010,645427-11432N/A3/31/202011,7891,517375767N/A12/31/201912,2002,044N/A602N/A9/30/201912,5012,511N/A986N/A6/30/201912,7062,499N/A948N/A3/31/201912,4871,573N/A954N/A12/31/201812,4281,525N/A881N/A12/31/201711,527-3,551N/A404N/A12/31/201611,852-972N/A514N/A12/31/20159,540-1,130N/A125N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0BQの収益は今後 3 年間で減少すると予測されています (年間-4.9% )。収益対市場: 0BQの収益は今後 3 年間で減少すると予測されています (年間-4.9% )。高成長収益: 0BQの収益は今後 3 年間で減少すると予測されています。収益対市場: 0BQの収益 ( 11.4% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 0BQの収益 ( 11.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0BQの 自己資本利益率 は、3年後には低くなると予測されています ( 4.1 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 23:43終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Norske Skog ASA 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関null nullABG Sundal CollierJohannes GrunseliusDNB CarnegieMarcus GavelliPareto Securities
お知らせ • Jan 02Norske Skog Asa Announces Appointment of Christoffer Bull as Senior Vice President Business Development and Resignation from Board of Directors, Effective January 1, 2026Norske Skog announced the appointment of Christoffer Bull as Senior Vice President Business Development, effective 1 January 2026. Upon assuming this position, Mr. Bull will resign from his role as a member of the Norske Skog Board of Directors. Mr. Bull until recently served as COO of Greenbit AS and has served at the Norske Skog Board of Directors since 2023. His professional background includes nearly two decades with Norske Skog, including close to ten years at the group head office, as well as marketing director roles at Norske Skog Follum, Norske Skog Golbey, and Norske Skog Saugbrugs. Mr. Bull holds a master’s degree in economics from Université des Sciences Sociales Toulouse 1 and has completed an executive management programme at HEC Paris. In his new role, Mr. Bull will be responsible for the continued development and follow-up of Norske Skog’s packaging paper segment, with a particular focus on Norske Skog Golbey. His experience and expertise will be a valuable contribution to the Norske Skog Executive Management team.
お知らせ • Aug 07+ 2 more updatesNorske Skog ASA to Report First Half, 2026 Results on Jul 14, 2026Norske Skog ASA announced that they will report first half, 2026 results on Jul 14, 2026
お知らせ • Apr 17Boyer Capital Pty Ltd completed the acquisition of Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG).Boyer Capital Pty Ltd agreed to acquire Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG) for enterprise value of approximately NOK 190 million on February 7, 2025. A cash consideration of NOK 190 million will be paid by Boyer Capital Pty Ltd. As part of consideration, NOK 190 million is paid towards common equity of Norske Skog Industries Australia Limited. The expected completion of the transaction is during the first quarter of 2025 Boyer Capital Pty Ltd completed the acquisition of Norske Skog Industries Australia Limited from Norske Skog ASA (OB:NSKOG) on April 16, 2025.
お知らせ • Jan 13Norske Skog ASA, Annual General Meeting, Apr 10, 2025Norske Skog ASA, Annual General Meeting, Apr 10, 2025.
お知らせ • Jan 10+ 1 more updateNorske Skog ASA to Report Fiscal Year 2024 Results on Mar 20, 2025Norske Skog ASA announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Mar 20, 2025
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €1.44, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 10x in the Forestry industry in Europe. Total loss to shareholders of 62% over the past three years.
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.95, the stock trades at a trailing P/E ratio of 8.5x. Average forward P/E is 10x in the Forestry industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.40 per share.
New Risk • Oct 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).
Reported Earnings • Oct 20Third quarter 2024 earnings released: kr1.80 loss per share (vs kr1.45 profit in 3Q 2023)Third quarter 2024 results: kr1.80 loss per share (down from kr1.45 profit in 3Q 2023). Revenue: kr3.01b (up 14% from 3Q 2023). Net loss: kr153.0m (down 214% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Oct 18+ 5 more updatesNorske Skog ASA, Annual General Meeting, Apr 16, 2026Norske Skog ASA, Annual General Meeting, Apr 16, 2026.
Buy Or Sell Opportunity • Oct 07Now 22% overvaluedOver the last 90 days, the stock has fallen 27% to €2.64. The fair value is estimated to be €2.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.
Recent Insider Transactions • Sep 11Chief Financial Officer recently bought €19k worth of stockOn the 6th of September, Tord Torvund bought around 7k shares on-market at roughly €2.87 per share. This transaction increased Tord's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tord's only on-market trade for the last 12 months.
Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr2.89 (vs kr0.48 in 2Q 2023)Second quarter 2024 results: EPS: kr2.89 (up from kr0.48 in 2Q 2023). Revenue: kr2.73b (down 13% from 2Q 2023). Net income: kr245.0m (up 444% from 2Q 2023). Profit margin: 9.0% (up from 1.4% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • May 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Independent Chair of the Board Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: kr5.27 (vs kr27.28 in FY 2022)Full year 2023 results: EPS: kr5.27 (down from kr27.28 in FY 2022). Revenue: kr11.8b (down 19% from FY 2022). Net income: kr481.0m (down 81% from FY 2022). Profit margin: 4.1% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr5.63 (vs kr27.28 in FY 2022)Full year 2023 results: EPS: kr5.63 (down from kr27.28 in FY 2022). Revenue: kr12.7b (down 13% from FY 2022). Net income: kr480.0m (down 81% from FY 2022). Profit margin: 3.8% (down from 18% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jan 12Norske Skog ASA Announces Chief Financial Officer ChangesNorske Skog strengthens corporate management. Tord Steinset Torvund (33) is employed as Chief Financial Officer (CFO) in Norske Skog ASA from 1 March 2024, because the current CFO, Rune Sollie (57), having announced that he wishes to resign. Tord Steinset Torvund (33) has been appointed as the new Chief Financial Officer (CFO). Despite his young age, Torvund has solid experience from various audit and finance positions both inside and outside Norske Skog. He has exceptionally good analytical skills and has demonstrated that he works in a structured manner with great work capacity. Tord is currently the finance director at Norske Skog Saugbrugs in Halden and was previously controller for the group's operations. He is currently also the general manager of Saugbrugs Bioenergi AS, and a board member of the Norske Skog companies Cebina AS and Cebico AS. Before his employment at Norske Skog, Tord worked as an auditor at KPMG for 5 years with responsibility for large industrial clients. He also has different experience from shorter working periods during his studies at Kværner ASA, Norsk Hydro ASA, and REC Silicon ASA. Tord has three master's degrees respectively in financial economics from the Norwegian School of Economics in Bergen (NHH), CEMS international management at NHH and St. Petersburg University, and in accounting and auditing (NHH). Rune Sollie is leaving as CFO. Rune Sollie (57) was employed in 2014 and has been part of the corporate management at Norske Skog throughout this period. Among other things, he has had responsibility for financial reporting, financing, IT and investor relations. Sollie has also been a board member in numerous Norske Skog companies in the same period, currently among others in Norske Skog Saugbrugs AS, Norske Skog Skogn AS and Norske Skog Industries Australia Ltd. as well as the minority owned company Circa Group AS. Sollie has been central to the refinancing and restructuring of Norske Skog and the new IPO in 2019.
お知らせ • Nov 30+ 2 more updatesNorske Skog ASA, Annual General Meeting, Apr 11, 2024Norske Skog ASA, Annual General Meeting, Apr 11, 2024.
お知らせ • Nov 15Norske Skog ASA Announces Dividend, Payable on or About 28 November 2023Norske Skog ASA announced dividend of NOK 0.67 per share, Ex-date: 20 November 2023, Record date: 21 November 2023 and Payment date: On or about 28 November 2023.
Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: kr1.45 (vs kr0.12 loss in 3Q 2022)Third quarter 2023 results: EPS: kr1.45 (up from kr0.12 loss in 3Q 2022). Revenue: kr3.04b (down 14% from 3Q 2022). Net income: kr134.0m (up kr145.0m from 3Q 2022). Profit margin: 4.4% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 11Oji Fibre Solutions (NZ) Limited acquired Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG).Oji Fibre Solutions (NZ) Limited agreed to acquire Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG) for approximately NZD 10.9 million on September 20, 2023. The cash proceeds from the transaction were be received on October 10, 2023. Following this transaction with Oji, Norske Skog only retains some rural land areas, and some other land areas previously used for industrial landfilling and water treatment facilities. The transaction was approved by the Overseas Investment Office on September 20, 2023. Oji Fibre Solutions (NZ) Limited completed the acquisition of Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG) on October 10, 2023.
お知らせ • Sep 03Norske Skog ASA Announces Chief Executive Officer ChangesThe board of directors of Norske Skog ASA has appointed Geir Drangsland as the new chief executive officer as of 1 September. Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company. Geir Drangsland, who has served as the chair of the board since March 2023, steps out of the board of directors to become the new CEO of Norske Skog effective from 1 September 2023. Arvid Grundekjøn has been selected the new chair of the board of directors. Grundekjøn has been member of the board of directors since 2018.
New Risk • Jul 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin).
Reported Earnings • Jul 16Second quarter 2023 earnings released: EPS: kr0.48 (vs kr9.92 in 2Q 2022)Second quarter 2023 results: EPS: kr0.48 (down from kr9.92 in 2Q 2022). Revenue: kr3.40b (down 11% from 2Q 2022). Net income: kr45.0m (down 95% from 2Q 2022). Profit margin: 1.3% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.98, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 29% over the past three years.
Reported Earnings • Apr 30First quarter 2023 earnings released: kr1.91 loss per share (vs kr6.18 profit in 1Q 2022)First quarter 2023 results: kr1.91 loss per share (down from kr6.18 profit in 1Q 2022). Revenue: kr3.32b (flat on 1Q 2022). Net loss: kr181.0m (down 131% from profit in 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Mar 24Independent Director recently bought €53k worth of stockOn the 21st of March, Arvid Grundekjon bought around 10k shares on-market at roughly €5.28 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €102k more in shares than they have sold in the last 12 months.
お知らせ • Jan 28Norske Skog ASA Proposes DividendThe board of Norske Skog ASA proposed to the annual general meeting an authority to pay NOK 5 dividend per share.
お知らせ • Jan 21Norske Skog ASA to Report Fiscal Year 2022 Results on Mar 30, 2023Norske Skog ASA announced that they will report fiscal year 2022 results on Mar 30, 2023
お知らせ • Dec 03+ 4 more updatesNorske Skog ASA to Report Q3, 2023 Results on Oct 20, 2023Norske Skog ASA announced that they will report Q3, 2023 results on Oct 20, 2023
Board Change • Nov 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. Independent Director Trine-Marie Hagen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Reported Earnings • Oct 22Third quarter 2022 earnings released: kr0.12 loss per share (vs kr6.38 loss in 3Q 2021)Third quarter 2022 results: kr0.12 loss per share (improved from kr6.38 loss in 3Q 2021). Revenue: kr3.63b (up 43% from 3Q 2021). Net loss: kr11.0m (loss narrowed 98% from 3Q 2021). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to €5.94, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 63% over the past year.
Reported Earnings • Jul 17Second quarter 2022 earnings released: EPS: kr9.92 (vs kr3.77 loss in 2Q 2021)Second quarter 2022 results: EPS: kr9.92 (up from kr3.77 loss in 2Q 2021). Revenue: kr3.82b (up 75% from 2Q 2021). Net income: kr935.0m (up kr1.29b from 2Q 2021). Profit margin: 25% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4%, compared to a 8.3% growth forecast for the industry in Germany.
Reported Earnings • May 04First quarter 2022 earnings released: EPS: kr6.18 (vs kr2.05 in 1Q 2021)First quarter 2022 results: EPS: kr6.18 (up from kr2.05 in 1Q 2021). Revenue: kr3.59b (up 67% from 1Q 2021). Net income: kr583.0m (up 201% from 1Q 2021). Profit margin: 16% (up from 9.0% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 6.3% growth forecast for the industry in Germany.
Board Change • Apr 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Arvid Grundekjon is the most experienced director on the board, commencing their role in 2018. Independent Director Trine-Marie Hagen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 03Full year 2021 earnings released: kr3.90 loss per share (vs kr22.84 loss in FY 2020)Full year 2021 results: kr3.90 loss per share (up from kr22.84 loss in FY 2020). Revenue: kr9.85b (up 7.4% from FY 2020). Net loss: kr363.0m (loss narrowed 81% from FY 2020). Over the next year, revenue is forecast to grow 25%, compared to a 3.9% growth forecast for the industry in Germany.
Recent Insider Transactions • Mar 04Chairperson of the Board recently bought €138k worth of stockOn the 2nd of March, Jen-Yue Chiang bought around 30k shares on-market at roughly €4.62 per share. In the last 3 months, they made an even bigger purchase worth €182k. Jen-Yue has been a buyer over the last 12 months, purchasing a net total of €321k worth in shares.
Reported Earnings • Feb 06Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: kr3.85 loss per share (up from kr22.84 loss in FY 2020). Revenue: kr10.3b (up 12% from FY 2020). Net loss: kr363.0m (loss narrowed 81% from FY 2020). Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 15%, compared to a 4.5% growth forecast for the industry in Germany.
Recent Insider Transactions • Dec 23Chairperson of the Board recently bought €182k worth of stockOn the 21st of December, Jen-Yue Chiang bought around 50k shares on-market at roughly €3.64 per share. This was the largest purchase by an insider in the last 3 months. This was Jen-Yue's only on-market trade for the last 12 months.
Reported Earnings • Oct 26Third quarter 2021 earnings releasedThe company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr2.64b (up 22% from 3Q 2020). Net loss: kr602.0m (loss widened kr513.0m from 3Q 2020).
Reported Earnings • Jul 18Second quarter 2021 earnings released: kr3.77 loss per share (vs kr0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr2.18b (up 8.4% from 2Q 2020). Net loss: kr355.0m (loss widened kr296.0m from 2Q 2020).