Norwegian Air Shuttle (0FGH) 주식 개요노르웨이 에어셔틀 ASA는 자회사와 함께 노르웨이 및 국제 항공 여행 서비스를 제공합니다. 자세히 보기0FGH 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장5/6과거 실적3/6재무 건전성3/6배당4/6강점공정 가치 추정치보다 낮은 80.5% 에서 거래수익은 매년 27.83% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석우리의 위험 점검에서 0FGH에 대한 위험이 감지되지 않았습니다.모든 위험 점검 보기0FGH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW480,860 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA480,860 investors already sharing narrativesYour Fair ValueNOK Current PriceNOK 13.5025.8% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-16b65b2016201920222025202620282031Revenue NOK 65.1bEarnings NOK 2.8bAdvancedSet Fair ValueView all narrativesNorwegian Air Shuttle ASA 경쟁사Jet2Symbol: AIM:JET2Market cap: UK£3.0beasyJetSymbol: LSE:EZJMarket cap: UK£5.0bInternational Consolidated Airlines GroupSymbol: LSE:IAGMarket cap: UK£19.5bZigupSymbol: LSE:ZIGMarket cap: UK£1.1b가격 이력 및 성과Norwegian Air Shuttle 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NOK 13.5052주 최고가NOK 18.0852주 최저가NOK 12.43베타1.041개월 변동-1.40%3개월 변동-7.10%1년 변동-18.92%3년 변동35.46%5년 변동30.33%IPO 이후 변동-99.90%최근 뉴스 및 업데이트공고 • Jul 21Norwegian Air Shuttle ASA Announces Resignation of Daniel Skjeldam as Board MemberNorwegian Air Shuttle ASA announced that Daniel Skjeldam has informed the Board of Directors and Nomination Committee of his decision to resign as board member on July 21, 2026 To accept an executive position outside the company. Daniel Skjeldam was elected in 2025.Reported Earnings • Jul 15Second quarter 2026 earnings releasedSecond quarter 2026 results: kr0.53 loss per share. Revenue: kr10.4b (up 1.2% from 2Q 2025). Net loss: kr555.0m (down 160% from profit in 2Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Jul 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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. This is currently the only risk that has been identified for the company.New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jun 09First quarter 2026 earnings released: kr0.34 loss per share (vs kr0.82 loss in 1Q 2025)First quarter 2026 results: kr0.34 loss per share (improved from kr0.82 loss in 1Q 2025). Revenue: kr6.90b (up 4.9% from 1Q 2025). Net loss: kr362.0m (loss narrowed 54% from 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.더 많은 업데이트 보기Recent updates공고 • Jul 21Norwegian Air Shuttle ASA Announces Resignation of Daniel Skjeldam as Board MemberNorwegian Air Shuttle ASA announced that Daniel Skjeldam has informed the Board of Directors and Nomination Committee of his decision to resign as board member on July 21, 2026 To accept an executive position outside the company. Daniel Skjeldam was elected in 2025.Reported Earnings • Jul 15Second quarter 2026 earnings releasedSecond quarter 2026 results: kr0.53 loss per share. Revenue: kr10.4b (up 1.2% from 2Q 2025). Net loss: kr555.0m (down 160% from profit in 2Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Jul 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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. This is currently the only risk that has been identified for the company.New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jun 09First quarter 2026 earnings released: kr0.34 loss per share (vs kr0.82 loss in 1Q 2025)First quarter 2026 results: kr0.34 loss per share (improved from kr0.82 loss in 1Q 2025). Revenue: kr6.90b (up 4.9% from 1Q 2025). Net loss: kr362.0m (loss narrowed 54% from 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr14.06, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Airlines industry in Europe. Total returns to shareholders of 25% over the past three years.New Risk • May 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Upcoming Dividend • Apr 30Upcoming dividend of kr0.80 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.9%).Reported Earnings • Apr 16Full year 2025 earnings released: EPS: kr2.60 (vs kr1.26 in FY 2024)Full year 2025 results: EPS: kr2.60 (up from kr1.26 in FY 2024). Revenue: kr37.6b (up 6.6% from FY 2024). Net income: kr2.65b (up 118% from FY 2024). Profit margin: 7.0% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Airlines 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 only increased by 12% per year, which means it is significantly lagging earnings growth.New Risk • Feb 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.공고 • Feb 13Norwegian Air Shuttle ASA Proposes Dividend for 2025, Payable from 15 May 2026The Board of Directors of Norwegian Air Shuttle ASA will propose to distribute a dividend of NOK 0.80 per share for 2025. The formal decision regarding the dividend will be made on the company's Annual General Meeting, to be held on the 6 May 2026. Date of approval: 6 May 2026, Last day including right: 6 May 2026. Ex-date: 7 May 2026. Record date (shareholder registration date): 8 May 2026. Payment date: from 15 May 2026.공고 • Nov 21Norwegian Air Shuttle Asa Approves Board ChangesNorwegian Air Shuttle ASA at the Extraordinary General Meeting held on 20 November 2025 approved the resolution: Mr. Svein Harald Øygard shall resign as Chair of the Board of Directors. Mr. Dag Mejdell is elected as Chair of the Board of Directors for a period until the annual General Meeting of 2026.New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: kr2.42 (vs kr2.04 in 3Q 2024)Third quarter 2025 results: EPS: kr2.42 (up from kr2.04 in 3Q 2024). Revenue: kr12.0b (up 6.0% from 3Q 2024). Net income: kr2.55b (up 30% from 3Q 2024). Profit margin: 21% (up from 17% in 3Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year.공고 • Sep 22+ 5 more updatesNorwegian Air Shuttle ASA to Report Q1, 2026 Results on Apr 29, 2026Norwegian Air Shuttle ASA announced that they will report Q1, 2026 results on Apr 29, 2026공고 • Jul 13Norwegian Air Shuttle Asa Provides Production Guidance for the Third Quarter of Year 2025Norwegian Air Shuttle ASA provided production guidance for the third quarter of year 2025. For the quarter, year-on-year production growth for the third quarter of 2025 is forecasted at 2%.Reported Earnings • Jul 12Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr10.3b (up 13% from 2Q 2024). Net income: kr932.0m (up 110% from 2Q 2024). Profit margin: 9.1% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe.공고 • Jul 11Norwegian Air Shuttle Asa Announces Quarterly Dividend, Payable on 20 August 2025Norwegian Air Shuttle ASA announced dividend of NOK 0.90 per share for the second quarter of 2025. Payable on 20 August 2025; Record date: 13 August 2025; Ex-date: 12 August 2025. Date of approval: 10 July 2025.Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr14.46, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 66% over the past three years.Board Change • Jun 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Daniel Skjeldam was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • Jun 04An unknown buyer acquired 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) for approx. NOK 892 million.An unknown buyer agreed to acquire 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) for approx. NOK 892 million on June 4, 2025. An unknown buyer completed acquisition of 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) on June 4, 2025.Recent Insider Transactions • May 27Independent Chairman of Board recently bought kr324k worth of stockOn the 22nd of May, Svein Øygard bought around 25k shares on-market at roughly kr12.95 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr648k worth in shares.New Risk • May 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 83% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (83% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin).Reported Earnings • Apr 14Full year 2024 earnings released: EPS: kr1.26 (vs kr1.70 in FY 2023)Full year 2024 results: EPS: kr1.26 (down from kr1.70 in FY 2023). Revenue: kr35.3b (up 38% from FY 2023). Net income: kr1.21b (down 25% from FY 2023). Profit margin: 3.4% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Feb 14Full year 2024 earnings released: EPS: kr1.26 (vs kr1.70 in FY 2023)Full year 2024 results: EPS: kr1.26 (down from kr1.70 in FY 2023). Revenue: kr35.3b (up 38% from FY 2023). Net income: kr1.36b (down 16% from FY 2023). Profit margin: 3.8% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: kr2.04 (vs kr2.09 in 3Q 2023)Third quarter 2024 results: EPS: kr2.04 (down from kr2.09 in 3Q 2023). Revenue: kr11.6b (up 36% from 3Q 2023). Net income: kr2.00b (flat on 3Q 2023). Profit margin: 17% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공고 • Oct 15Norwegian Air Shuttle ASA, Annual General Meeting, May 14, 2025Norwegian Air Shuttle ASA, Annual General Meeting, May 14, 2025.공고 • Oct 14+ 4 more updatesNorwegian Air Shuttle ASA to Report Q1, 2025 Results on May 08, 2025Norwegian Air Shuttle ASA announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Oct 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr10.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 13% over the past three years.Reported Earnings • Jul 13Second quarter 2024 earnings released: EPS: kr0.46 (vs kr0.54 in 2Q 2023)Second quarter 2024 results: EPS: kr0.46 (down from kr0.54 in 2Q 2023). Revenue: kr9.35b (up 41% from 2Q 2023). Net income: kr477.1m (down 5.5% from 2Q 2023). Profit margin: 5.1% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 153% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr10.54, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 14% over the past three years.공고 • Jul 04Norwegian Air Shuttle ASA Revises Group Earnings Guidance for the Year 2024Norwegian Air Shuttle ASA revised group earnings guidance for the year 2024. For the year, the group expects operating profit (EBIT) to be in the range of NOK 2.1 billion to NOK 2.6 billion, including Widerøe against previous guidance of operating profit (EBIT) to be in the range of NOK 2.5 billion to NOK 3.2 billion. The profit outlook excluded any profits from Widerøe, the regional carrier which Norwegian acquired in January of 2024. The adjustment in the results outlook is predominantly a result of four factors. Firstly, softer traffic demand during the second quarter, with a contraction in both load factor and yield compared to last year. Secondly, a higher than projected wage settlement for pilots following the conclusion of new collective-bargaining agreements this quarter. Thirdly, aircraft delivery delays from Boeing, which has forced the company to source external capacity corresponding to between one and two aircraft during the summer season. And finally, the NOK exchange rate has been weaker as compared to the US dollar.Reported Earnings • Apr 19Full year 2023 earnings released: EPS: kr1.70 (vs kr0.99 in FY 2022)Full year 2023 results: EPS: kr1.70 (up from kr0.99 in FY 2022). Revenue: kr25.5b (up 35% from FY 2022). Net income: kr1.61b (up 75% from FY 2022). Profit margin: 6.3% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Available seat kilometres (ASK): 32.32b (up 18% from FY 2022). Passenger load factor: 84.7% (up from 83.1% in FY 2022). Total aircraft: 87 (up by 17 from FY 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 154% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr17.47, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Airlines industry in Europe. Total loss to shareholders of 31% over the past three years.Reported Earnings • Feb 18Full year 2023 earnings released: EPS: kr1.70 (vs kr0.99 in FY 2022)Full year 2023 results: EPS: kr1.70 (up from kr0.99 in FY 2022). Revenue: kr25.5b (up 41% from FY 2022). Net income: kr1.74b (up 89% from FY 2022). Profit margin: 6.8% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 154% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Board Change • Feb 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Stephen Kavanagh was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • Jan 25Norwegian Air Shuttle ASA Revises Earnings Guidance for the Full-Year of 2023Norwegian Air Shuttle ASA revised earnings guidance for the full-year of 2023. For the period, the company revised operating profit (EBIT) guidance to approximately NOK 2.2 billion from the range of between NOK 1.8 billion to NOK 2.0 billion.공고 • Dec 22Norwegian Air Shuttle ASA (OB:NAS) acquired Widerøe AS from WF Holding AS.Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS from WF Holding AS for approximately NOK 1.13 billion on July 6, 2023. Norwegian will finance the cash consideration of NOK 1,125 million through available funds. The purchase price is subject to certain adjustments after closing, including in respect to the profitability of Widerøe in 2023. Widerøe’s debt facilities are intended to remain in place following the transaction. In 2022, Widerøe reported group revenues of NOK 5.7 billion and EBIT of NOK 80 million. Both companies will continue to operate under their separate brands, and Widerøe will be organised as a separate business unit to Norwegian, independent from Norwegian´s core low-cost carrier operation. Employees will remain in existing companies under existing collective agreements. Closing of the transaction is subject to certain closing conditions, including regulatory review process from the Norwegian Competition Authorities and is expected by the end of the fourth quarter of 2023. ABG Sundal Collier has acted as financial advisor and BAHR has acted as legal advisor to Norwegian in connection with the transaction. As of September 15, 2023. Norwegian competition Authority has said temporary no to purchase the Widerøe AS. The supervisory authority is asking for two months to assess the acquisition.Norwegian Air Shuttle ASA (OB:NAS) acquired Widerøe AS from WF Holding AS on December 21, 2023.공고 • Dec 01Norwegian Air Shuttle ASA Announces Resignation of Sondre Gravir from the Board of DirectorsNorwegian Air Shuttle ASA announced Mr. Sondre Gravir has decided to resign from the Board of Directors with immediate effect to focus on other commitments.Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr9.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Airlines industry in Europe. Total loss to shareholders of 61% over the past three years.공고 • Nov 07+ 5 more updatesNorwegian Air Shuttle ASA to Report First Half, 2024 Results on Jul 12, 2024Norwegian Air Shuttle ASA announced that they will report first half, 2024 results on Jul 12, 2024Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: kr2.12 (vs kr0.98 in 3Q 2022)Third quarter 2023 results: EPS: kr2.12 (up from kr0.98 in 3Q 2022). Revenue: kr8.78b (up 26% from 3Q 2022). Net income: kr2.04b (up 124% from 3Q 2022). Profit margin: 23% (up from 13% in 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.New Risk • Aug 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 92% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).Recent Insider Transactions • Jul 14Independent Chairman of Board recently bought kr507k worth of stockOn the 12th of July, Svein Oygard bought around 50k shares on-market at roughly kr10.14 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr2.1m worth in shares.공고 • Jul 07Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS for approximately NOK 1.13 billion.Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS for approximately NOK 1.13 billion on July 6, 2023. Norwegian will finance the cash consideration of NOK 1,125 million through available funds. The purchase price is subject to certain adjustments after closing, including in respect to the profitability of Widerøe in 2023. Widerøe’s debt facilities are intended to remain in place following the transaction. In 2022, Widerøe reported group revenues of NOK 5.7 billion and EBIT of NOK 80 million. Both companies will continue to operate under their separate brands, and Widerøe will be organised as a separate business unit to Norwegian, independent from Norwegian´s core low-cost carrier operation. Employees will remain in existing companies under existing collective agreements. Closing of the transaction is subject to certain closing conditions, including regulatory review process from the Norwegian Competition Authorities and is expected by the end of the fourth quarter of 2023. ABG Sundal Collier has acted as financial advisor and BAHR has acted as legal advisor to Norwegian in connection with the transaction.New Risk • Jun 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).Reported Earnings • Apr 30Full year 2022 earnings released: EPS: kr1.08 (vs kr3.52 in FY 2021)Full year 2022 results: EPS: kr1.08 (down from kr3.52 in FY 2021). Revenue: kr18.9b (up 272% from FY 2021). Net income: kr1.01b (down 45% from FY 2021). Profit margin: 5.3% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Available seat kilometres (ASK): 27.38b (up 190% from FY 2021). Passenger load factor: 83.1% (up from 72.8% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): kr0.66 (up from kr0.54 in FY 2021). Total aircraft: 70 (up by 19 from FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Airlines industry in Europe.Reported Earnings • Feb 22Full year 2022 earnings released: EPS: kr1.08 (vs kr3.52 in FY 2021)Full year 2022 results: EPS: kr1.08 (down from kr3.52 in FY 2021). Revenue: kr18.9b (up 272% from FY 2021). Net income: kr1.01b (down 45% from FY 2021). Profit margin: 5.3% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Available seat kilometres (ASK): 27.38b (up 190% from FY 2021). Passenger load factor: 83.1% (up from 72.8% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): kr0.69 (up from kr0.54 in FY 2021). Total aircraft: 70 (up by 19 from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Airlines industry in Europe.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr9.54, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Airlines industry in Europe. Total loss to shareholders of 99% over the past three years.Board Change • Jan 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lars Boilesen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Jan 02Chief Financial Officer recently bought kr183k worth of stockOn the 29th of December, Hans-Joergen Wibstad bought around 25k shares on-market at roughly kr7.30 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hans-Joergen has been a buyer over the last 12 months, purchasing a net total of kr626k worth in shares.Recent Insider Transactions • Nov 20Independent Director recently bought kr84k worth of stockOn the 17th of November, Ingrid Leisner bought around 10k shares on-market at roughly kr8.38 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.6m. Insiders have collectively bought kr3.3m more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr8.38, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Airlines industry globally. Total loss to shareholders of 100% over the past three years.Recent Insider Transactions • Sep 03Chairman of Board recently bought kr1.6m worth of stockOn the 1st of September, Svein Oygard bought around 200k shares on-market at roughly kr7.78 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr2.6m worth in shares.Reported Earnings • Aug 25Second quarter 2022 earnings released: EPS: kr1.34 (vs kr8.95 in 2Q 2021)Second quarter 2022 results: EPS: kr1.34 (down from kr8.95 in 2Q 2021). Revenue: kr4.87b (up kr4.53b from 2Q 2021). Net income: kr1.25b (down 55% from 2Q 2021). Profit margin: 26% (down from 828% in 2Q 2021). Over the next year, revenue is forecast to grow 78%, compared to a 78% growth forecast for the Airlines industry in the United Kingdom.Recent Insider Transactions • Jul 02Chief Financial Officer recently bought kr165k worth of stockOn the 30th of June, Hans-Joergen Wibstad bought around 20k shares on-market at roughly kr8.23 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.1m. Hans-Joergen has been a buyer over the last 12 months, purchasing a net total of kr443k worth in shares.Recent Insider Transactions • Jun 01Chairman of Board recently bought kr1.1m worth of stockOn the 30th of May, Svein Oygard bought around 100k shares on-market at roughly kr10.64 per share. This was the largest purchase by an insider in the last 3 months. This was Svein's only on-market trade for the last 12 months.Reported Earnings • May 01Full year 2021 earnings released: EPS: kr3.52 (vs kr1,022 loss in FY 2020)Full year 2021 results: EPS: kr3.52 (up from kr1,022 loss in FY 2020). Revenue: kr5.07b (down 44% from FY 2020). Net income: kr1.84b (up kr24.9b from FY 2020). Profit margin: 36% (up from net loss in FY 2020). Available seat kilometres (ASK): 9.44b (down 48% from FY 2020). Passenger load factor: 72.8% (down from 75.2% in FY 2020). Revenue per available seat kilometre (RASK): 53.7% (up from 50.1% in FY 2020). Total aircraft: 51 (down by 62 from FY 2020). Over the next year, revenue is forecast to grow 262%, compared to a 267% growth forecast for the airlines industry in the United Kingdom.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Lars Boilsen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to kr9.27, the stock trades at a trailing P/E ratio of 4.8x. Average forward P/E is 17x in the Airlines industry globally. Total loss to shareholders of 100% over the past three years.Reported Earnings • Feb 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr3.58 (up from kr1,022 loss in FY 2020). Revenue: kr5.07b (down 44% from FY 2020). Net income: kr1.87b (up kr24.9b from FY 2020). Profit margin: 37% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 355%, compared to a 249% growth forecast for the airlines industry in the United Kingdom.Breakeven Date Change • Jan 28Forecast breakeven date pushed back to 2023The analyst covering Norwegian Air Shuttle previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr1.22b in 2023. Average annual earnings growth of 112% is required to achieve expected profit on schedule.Recent Insider Transactions • Nov 14Independent Director recently bought kr98k worth of stockOn the 11th of November, Chris Browne bought around 8k shares on-market at roughly kr11.61 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS kr0.21 (vs kr28.78 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.93b (up 50% from 3Q 2020). Net income: kr168.7m (up kr1.19b from 3Q 2020). Profit margin: 8.8% (up from net loss in 3Q 2020).Breakeven Date Change • Oct 16Forecast to breakeven in 2022The 3 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr1.03b in 2022. Average annual earnings growth of 101% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 23Forecast to breakeven in 2021The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr910.3m in 2021. Earnings growth of 81% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 10Forecast to breakeven in 2021The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr910.3m in 2021. Earnings growth of 81% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 08Forecast to breakeven in 2023The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr258.9m in 2023. Average annual earnings growth of 71% is required to achieve expected profit on schedule.Reported Earnings • Sep 02First half 2021 earnings released: EPS kr9.03 (vs kr636 loss in 1H 2020)First half 2021 results: Revenue: kr590.9m (down 92% from 1H 2020). Net income: kr1.59b (up kr6.99b from 1H 2020).Breakeven Date Change • Sep 02Forecast to breakeven in 2021The 3 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr1.01b in 2021. Earnings growth of 82% is required to achieve expected profit on schedule.Board Change • Jul 29Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chris Browne was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Breakeven Date Change • Jul 29No longer forecast to breakevenThe 3 analysts covering Norwegian Air Shuttle no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr1.92b in 2023. New consensus forecast suggests the company will make a loss of kr574.0m in 2023.Reported Earnings • Apr 25Full year 2020 earnings released: kr1,022 loss per share (vs kr1,263 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr9.10b (down 79% from FY 2019). Net loss: kr23.1b (loss widened kr21.4b from FY 2019). Available seat kilometres (ASK): 18.17b (down 82% from FY 2019). Passenger load factor: 75.2% (down from 86.6% in FY 2019). Revenue per available seat kilometre (RASK): 50.1% (up from 43.5% in FY 2019). Total aircraft: 113 (down by 25 from FY 2019).Reported Earnings • Feb 27Full year 2020 earnings released: kr580 loss per share (vs kr1,263 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr9.10b (down 79% from FY 2019). Net loss: kr23.1b (loss widened kr21.4b from FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 86% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 27Revenue misses expectationsRevenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 70%, compared to a 13% growth forecast for the Airlines industry in the United Kingdom.Is New 90 Day High Low • Dec 18New 90-day high: kr45.78The company is up 4,305% from its price of kr1.04 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 50% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr2,392 per share.Reported Earnings • Nov 11Third quarter 2020 earnings released: kr0.28 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr1.29b (down 91% from 3Q 2019). Net loss: kr1.02b (down 161% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 86% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 68%. Over the next year, revenue is expected to shrink by 5.0% compared to a 13% decline forecast for the Airlines industry in the United Kingdom.Is New 90 Day High Low • Nov 03New 90-day low: kr0.60The company is down 72% from its price of kr2.11 on 04 August 2020. The British market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr15.87 per share.Is New 90 Day High Low • Oct 10New 90-day low: kr0.70The company is down 74% from its price of kr2.71 on 10 July 2020. The British market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr16.05 per share.주주 수익률0FGHGB AirlinesGB 시장7D1.5%0.3%1.0%1Y-18.9%4.9%19.3%전체 주주 수익률 보기수익률 대 산업: 0FGH은 지난 1년 동안 4.9%의 수익을 기록한 UK Airlines 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 0FGH은 지난 1년 동안 19.3%를 기록한 UK 시장보다 저조한 성과를 냈습니다.주가 변동성Is 0FGH's price volatile compared to industry and market?0FGH volatility0FGH Average Weekly Movement5.7%Airlines Industry Average Movement5.6%Market Average Movement5.1%10% most volatile stocks in GB Market10.4%10% least volatile stocks in GB Market2.7%안정적인 주가: 0FGH는 지난 3개월 동안 UK 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 0FGH의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19937,672Geir Karlsenwww.norwegian.com노르웨이 에어 셔틀 ASA는 자회사와 함께 노르웨이 및 국제 항공 여행 서비스를 제공합니다. 또한 항공기 금융, 리스, 소유, 화물 및 기타 활동에도 관여하고 있습니다. 1993년에 설립되었으며 노르웨이 포르네부에 본사를 두고 있습니다.더 보기Norwegian Air Shuttle ASA 기초 지표 요약Norwegian Air Shuttle의 순이익과 매출은 시가총액과 어떻게 비교됩니까?0FGH 기초 통계시가총액NOK 14.12b순이익 (TTM)NOK 1.62b매출 (TTM)NOK 38.09b8.7x주가수익비율(P/E)0.4x주가매출비율(P/S)0FGH는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표0FGH 손익계산서 (TTM)매출NOK 38.09b매출원가NOK 30.56b총이익NOK 7.53b기타 비용NOK 5.91b순이익NOK 1.62b최근 보고된 실적Jun 30, 2026다음 실적 발표일Oct 28, 2026주당순이익(EPS)1.54총이익률19.77%순이익률4.25%부채/자본 비율92.9%0FGH의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당11.9%현재 배당 수익률52%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/10 13:12종가2026/08/07 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Norwegian Air Shuttle ASA는 22명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierAndrew LobbenbergBarclaysKatherine SomervilleBerenberg19명의 분석가 더 보기
공고 • Jul 21Norwegian Air Shuttle ASA Announces Resignation of Daniel Skjeldam as Board MemberNorwegian Air Shuttle ASA announced that Daniel Skjeldam has informed the Board of Directors and Nomination Committee of his decision to resign as board member on July 21, 2026 To accept an executive position outside the company. Daniel Skjeldam was elected in 2025.
Reported Earnings • Jul 15Second quarter 2026 earnings releasedSecond quarter 2026 results: kr0.53 loss per share. Revenue: kr10.4b (up 1.2% from 2Q 2025). Net loss: kr555.0m (down 160% from profit in 2Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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. This is currently the only risk that has been identified for the company.
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jun 09First quarter 2026 earnings released: kr0.34 loss per share (vs kr0.82 loss in 1Q 2025)First quarter 2026 results: kr0.34 loss per share (improved from kr0.82 loss in 1Q 2025). Revenue: kr6.90b (up 4.9% from 1Q 2025). Net loss: kr362.0m (loss narrowed 54% from 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공고 • Jul 21Norwegian Air Shuttle ASA Announces Resignation of Daniel Skjeldam as Board MemberNorwegian Air Shuttle ASA announced that Daniel Skjeldam has informed the Board of Directors and Nomination Committee of his decision to resign as board member on July 21, 2026 To accept an executive position outside the company. Daniel Skjeldam was elected in 2025.
Reported Earnings • Jul 15Second quarter 2026 earnings releasedSecond quarter 2026 results: kr0.53 loss per share. Revenue: kr10.4b (up 1.2% from 2Q 2025). Net loss: kr555.0m (down 160% from profit in 2Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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. This is currently the only risk that has been identified for the company.
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jun 09First quarter 2026 earnings released: kr0.34 loss per share (vs kr0.82 loss in 1Q 2025)First quarter 2026 results: kr0.34 loss per share (improved from kr0.82 loss in 1Q 2025). Revenue: kr6.90b (up 4.9% from 1Q 2025). Net loss: kr362.0m (loss narrowed 54% from 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr14.06, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Airlines industry in Europe. Total returns to shareholders of 25% over the past three years.
New Risk • May 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Apr 30Upcoming dividend of kr0.80 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.9%).
Reported Earnings • Apr 16Full year 2025 earnings released: EPS: kr2.60 (vs kr1.26 in FY 2024)Full year 2025 results: EPS: kr2.60 (up from kr1.26 in FY 2024). Revenue: kr37.6b (up 6.6% from FY 2024). Net income: kr2.65b (up 118% from FY 2024). Profit margin: 7.0% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Airlines 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 only increased by 12% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
공고 • Feb 13Norwegian Air Shuttle ASA Proposes Dividend for 2025, Payable from 15 May 2026The Board of Directors of Norwegian Air Shuttle ASA will propose to distribute a dividend of NOK 0.80 per share for 2025. The formal decision regarding the dividend will be made on the company's Annual General Meeting, to be held on the 6 May 2026. Date of approval: 6 May 2026, Last day including right: 6 May 2026. Ex-date: 7 May 2026. Record date (shareholder registration date): 8 May 2026. Payment date: from 15 May 2026.
공고 • Nov 21Norwegian Air Shuttle Asa Approves Board ChangesNorwegian Air Shuttle ASA at the Extraordinary General Meeting held on 20 November 2025 approved the resolution: Mr. Svein Harald Øygard shall resign as Chair of the Board of Directors. Mr. Dag Mejdell is elected as Chair of the Board of Directors for a period until the annual General Meeting of 2026.
New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: kr2.42 (vs kr2.04 in 3Q 2024)Third quarter 2025 results: EPS: kr2.42 (up from kr2.04 in 3Q 2024). Revenue: kr12.0b (up 6.0% from 3Q 2024). Net income: kr2.55b (up 30% from 3Q 2024). Profit margin: 21% (up from 17% in 3Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year.
공고 • Sep 22+ 5 more updatesNorwegian Air Shuttle ASA to Report Q1, 2026 Results on Apr 29, 2026Norwegian Air Shuttle ASA announced that they will report Q1, 2026 results on Apr 29, 2026
공고 • Jul 13Norwegian Air Shuttle Asa Provides Production Guidance for the Third Quarter of Year 2025Norwegian Air Shuttle ASA provided production guidance for the third quarter of year 2025. For the quarter, year-on-year production growth for the third quarter of 2025 is forecasted at 2%.
Reported Earnings • Jul 12Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr10.3b (up 13% from 2Q 2024). Net income: kr932.0m (up 110% from 2Q 2024). Profit margin: 9.1% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe.
공고 • Jul 11Norwegian Air Shuttle Asa Announces Quarterly Dividend, Payable on 20 August 2025Norwegian Air Shuttle ASA announced dividend of NOK 0.90 per share for the second quarter of 2025. Payable on 20 August 2025; Record date: 13 August 2025; Ex-date: 12 August 2025. Date of approval: 10 July 2025.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr14.46, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 66% over the past three years.
Board Change • Jun 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Daniel Skjeldam was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • Jun 04An unknown buyer acquired 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) for approx. NOK 892 million.An unknown buyer agreed to acquire 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) for approx. NOK 892 million on June 4, 2025. An unknown buyer completed acquisition of 6.26% stake in Norwegian Air Shuttle ASA (OB : NAS) on June 4, 2025.
Recent Insider Transactions • May 27Independent Chairman of Board recently bought kr324k worth of stockOn the 22nd of May, Svein Øygard bought around 25k shares on-market at roughly kr12.95 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr648k worth in shares.
New Risk • May 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 83% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (83% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin).
Reported Earnings • Apr 14Full year 2024 earnings released: EPS: kr1.26 (vs kr1.70 in FY 2023)Full year 2024 results: EPS: kr1.26 (down from kr1.70 in FY 2023). Revenue: kr35.3b (up 38% from FY 2023). Net income: kr1.21b (down 25% from FY 2023). Profit margin: 3.4% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 14Full year 2024 earnings released: EPS: kr1.26 (vs kr1.70 in FY 2023)Full year 2024 results: EPS: kr1.26 (down from kr1.70 in FY 2023). Revenue: kr35.3b (up 38% from FY 2023). Net income: kr1.36b (down 16% from FY 2023). Profit margin: 3.8% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: kr2.04 (vs kr2.09 in 3Q 2023)Third quarter 2024 results: EPS: kr2.04 (down from kr2.09 in 3Q 2023). Revenue: kr11.6b (up 36% from 3Q 2023). Net income: kr2.00b (flat on 3Q 2023). Profit margin: 17% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공고 • Oct 15Norwegian Air Shuttle ASA, Annual General Meeting, May 14, 2025Norwegian Air Shuttle ASA, Annual General Meeting, May 14, 2025.
공고 • Oct 14+ 4 more updatesNorwegian Air Shuttle ASA to Report Q1, 2025 Results on May 08, 2025Norwegian Air Shuttle ASA announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr10.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 13% over the past three years.
Reported Earnings • Jul 13Second quarter 2024 earnings released: EPS: kr0.46 (vs kr0.54 in 2Q 2023)Second quarter 2024 results: EPS: kr0.46 (down from kr0.54 in 2Q 2023). Revenue: kr9.35b (up 41% from 2Q 2023). Net income: kr477.1m (down 5.5% from 2Q 2023). Profit margin: 5.1% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 153% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr10.54, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 14% over the past three years.
공고 • Jul 04Norwegian Air Shuttle ASA Revises Group Earnings Guidance for the Year 2024Norwegian Air Shuttle ASA revised group earnings guidance for the year 2024. For the year, the group expects operating profit (EBIT) to be in the range of NOK 2.1 billion to NOK 2.6 billion, including Widerøe against previous guidance of operating profit (EBIT) to be in the range of NOK 2.5 billion to NOK 3.2 billion. The profit outlook excluded any profits from Widerøe, the regional carrier which Norwegian acquired in January of 2024. The adjustment in the results outlook is predominantly a result of four factors. Firstly, softer traffic demand during the second quarter, with a contraction in both load factor and yield compared to last year. Secondly, a higher than projected wage settlement for pilots following the conclusion of new collective-bargaining agreements this quarter. Thirdly, aircraft delivery delays from Boeing, which has forced the company to source external capacity corresponding to between one and two aircraft during the summer season. And finally, the NOK exchange rate has been weaker as compared to the US dollar.
Reported Earnings • Apr 19Full year 2023 earnings released: EPS: kr1.70 (vs kr0.99 in FY 2022)Full year 2023 results: EPS: kr1.70 (up from kr0.99 in FY 2022). Revenue: kr25.5b (up 35% from FY 2022). Net income: kr1.61b (up 75% from FY 2022). Profit margin: 6.3% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Available seat kilometres (ASK): 32.32b (up 18% from FY 2022). Passenger load factor: 84.7% (up from 83.1% in FY 2022). Total aircraft: 87 (up by 17 from FY 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 154% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr17.47, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Airlines industry in Europe. Total loss to shareholders of 31% over the past three years.
Reported Earnings • Feb 18Full year 2023 earnings released: EPS: kr1.70 (vs kr0.99 in FY 2022)Full year 2023 results: EPS: kr1.70 (up from kr0.99 in FY 2022). Revenue: kr25.5b (up 41% from FY 2022). Net income: kr1.74b (up 89% from FY 2022). Profit margin: 6.8% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 154% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Board Change • Feb 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Stephen Kavanagh was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • Jan 25Norwegian Air Shuttle ASA Revises Earnings Guidance for the Full-Year of 2023Norwegian Air Shuttle ASA revised earnings guidance for the full-year of 2023. For the period, the company revised operating profit (EBIT) guidance to approximately NOK 2.2 billion from the range of between NOK 1.8 billion to NOK 2.0 billion.
공고 • Dec 22Norwegian Air Shuttle ASA (OB:NAS) acquired Widerøe AS from WF Holding AS.Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS from WF Holding AS for approximately NOK 1.13 billion on July 6, 2023. Norwegian will finance the cash consideration of NOK 1,125 million through available funds. The purchase price is subject to certain adjustments after closing, including in respect to the profitability of Widerøe in 2023. Widerøe’s debt facilities are intended to remain in place following the transaction. In 2022, Widerøe reported group revenues of NOK 5.7 billion and EBIT of NOK 80 million. Both companies will continue to operate under their separate brands, and Widerøe will be organised as a separate business unit to Norwegian, independent from Norwegian´s core low-cost carrier operation. Employees will remain in existing companies under existing collective agreements. Closing of the transaction is subject to certain closing conditions, including regulatory review process from the Norwegian Competition Authorities and is expected by the end of the fourth quarter of 2023. ABG Sundal Collier has acted as financial advisor and BAHR has acted as legal advisor to Norwegian in connection with the transaction. As of September 15, 2023. Norwegian competition Authority has said temporary no to purchase the Widerøe AS. The supervisory authority is asking for two months to assess the acquisition.Norwegian Air Shuttle ASA (OB:NAS) acquired Widerøe AS from WF Holding AS on December 21, 2023.
공고 • Dec 01Norwegian Air Shuttle ASA Announces Resignation of Sondre Gravir from the Board of DirectorsNorwegian Air Shuttle ASA announced Mr. Sondre Gravir has decided to resign from the Board of Directors with immediate effect to focus on other commitments.
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr9.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Airlines industry in Europe. Total loss to shareholders of 61% over the past three years.
공고 • Nov 07+ 5 more updatesNorwegian Air Shuttle ASA to Report First Half, 2024 Results on Jul 12, 2024Norwegian Air Shuttle ASA announced that they will report first half, 2024 results on Jul 12, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: kr2.12 (vs kr0.98 in 3Q 2022)Third quarter 2023 results: EPS: kr2.12 (up from kr0.98 in 3Q 2022). Revenue: kr8.78b (up 26% from 3Q 2022). Net income: kr2.04b (up 124% from 3Q 2022). Profit margin: 23% (up from 13% in 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.
New Risk • Aug 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 92% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
Recent Insider Transactions • Jul 14Independent Chairman of Board recently bought kr507k worth of stockOn the 12th of July, Svein Oygard bought around 50k shares on-market at roughly kr10.14 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr2.1m worth in shares.
공고 • Jul 07Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS for approximately NOK 1.13 billion.Norwegian Air Shuttle ASA (OB:NAS) entered into a transaction agreement to acquire Widerøe AS for approximately NOK 1.13 billion on July 6, 2023. Norwegian will finance the cash consideration of NOK 1,125 million through available funds. The purchase price is subject to certain adjustments after closing, including in respect to the profitability of Widerøe in 2023. Widerøe’s debt facilities are intended to remain in place following the transaction. In 2022, Widerøe reported group revenues of NOK 5.7 billion and EBIT of NOK 80 million. Both companies will continue to operate under their separate brands, and Widerøe will be organised as a separate business unit to Norwegian, independent from Norwegian´s core low-cost carrier operation. Employees will remain in existing companies under existing collective agreements. Closing of the transaction is subject to certain closing conditions, including regulatory review process from the Norwegian Competition Authorities and is expected by the end of the fourth quarter of 2023. ABG Sundal Collier has acted as financial advisor and BAHR has acted as legal advisor to Norwegian in connection with the transaction.
New Risk • Jun 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: kr1.08 (vs kr3.52 in FY 2021)Full year 2022 results: EPS: kr1.08 (down from kr3.52 in FY 2021). Revenue: kr18.9b (up 272% from FY 2021). Net income: kr1.01b (down 45% from FY 2021). Profit margin: 5.3% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Available seat kilometres (ASK): 27.38b (up 190% from FY 2021). Passenger load factor: 83.1% (up from 72.8% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): kr0.66 (up from kr0.54 in FY 2021). Total aircraft: 70 (up by 19 from FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Airlines industry in Europe.
Reported Earnings • Feb 22Full year 2022 earnings released: EPS: kr1.08 (vs kr3.52 in FY 2021)Full year 2022 results: EPS: kr1.08 (down from kr3.52 in FY 2021). Revenue: kr18.9b (up 272% from FY 2021). Net income: kr1.01b (down 45% from FY 2021). Profit margin: 5.3% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Available seat kilometres (ASK): 27.38b (up 190% from FY 2021). Passenger load factor: 83.1% (up from 72.8% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): kr0.69 (up from kr0.54 in FY 2021). Total aircraft: 70 (up by 19 from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Airlines industry in Europe.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr9.54, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Airlines industry in Europe. Total loss to shareholders of 99% over the past three years.
Board Change • Jan 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lars Boilesen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Jan 02Chief Financial Officer recently bought kr183k worth of stockOn the 29th of December, Hans-Joergen Wibstad bought around 25k shares on-market at roughly kr7.30 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hans-Joergen has been a buyer over the last 12 months, purchasing a net total of kr626k worth in shares.
Recent Insider Transactions • Nov 20Independent Director recently bought kr84k worth of stockOn the 17th of November, Ingrid Leisner bought around 10k shares on-market at roughly kr8.38 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.6m. Insiders have collectively bought kr3.3m more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr8.38, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Airlines industry globally. Total loss to shareholders of 100% over the past three years.
Recent Insider Transactions • Sep 03Chairman of Board recently bought kr1.6m worth of stockOn the 1st of September, Svein Oygard bought around 200k shares on-market at roughly kr7.78 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Svein has been a buyer over the last 12 months, purchasing a net total of kr2.6m worth in shares.
Reported Earnings • Aug 25Second quarter 2022 earnings released: EPS: kr1.34 (vs kr8.95 in 2Q 2021)Second quarter 2022 results: EPS: kr1.34 (down from kr8.95 in 2Q 2021). Revenue: kr4.87b (up kr4.53b from 2Q 2021). Net income: kr1.25b (down 55% from 2Q 2021). Profit margin: 26% (down from 828% in 2Q 2021). Over the next year, revenue is forecast to grow 78%, compared to a 78% growth forecast for the Airlines industry in the United Kingdom.
Recent Insider Transactions • Jul 02Chief Financial Officer recently bought kr165k worth of stockOn the 30th of June, Hans-Joergen Wibstad bought around 20k shares on-market at roughly kr8.23 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.1m. Hans-Joergen has been a buyer over the last 12 months, purchasing a net total of kr443k worth in shares.
Recent Insider Transactions • Jun 01Chairman of Board recently bought kr1.1m worth of stockOn the 30th of May, Svein Oygard bought around 100k shares on-market at roughly kr10.64 per share. This was the largest purchase by an insider in the last 3 months. This was Svein's only on-market trade for the last 12 months.
Reported Earnings • May 01Full year 2021 earnings released: EPS: kr3.52 (vs kr1,022 loss in FY 2020)Full year 2021 results: EPS: kr3.52 (up from kr1,022 loss in FY 2020). Revenue: kr5.07b (down 44% from FY 2020). Net income: kr1.84b (up kr24.9b from FY 2020). Profit margin: 36% (up from net loss in FY 2020). Available seat kilometres (ASK): 9.44b (down 48% from FY 2020). Passenger load factor: 72.8% (down from 75.2% in FY 2020). Revenue per available seat kilometre (RASK): 53.7% (up from 50.1% in FY 2020). Total aircraft: 51 (down by 62 from FY 2020). Over the next year, revenue is forecast to grow 262%, compared to a 267% growth forecast for the airlines industry in the United Kingdom.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Lars Boilsen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to kr9.27, the stock trades at a trailing P/E ratio of 4.8x. Average forward P/E is 17x in the Airlines industry globally. Total loss to shareholders of 100% over the past three years.
Reported Earnings • Feb 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr3.58 (up from kr1,022 loss in FY 2020). Revenue: kr5.07b (down 44% from FY 2020). Net income: kr1.87b (up kr24.9b from FY 2020). Profit margin: 37% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 355%, compared to a 249% growth forecast for the airlines industry in the United Kingdom.
Breakeven Date Change • Jan 28Forecast breakeven date pushed back to 2023The analyst covering Norwegian Air Shuttle previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr1.22b in 2023. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
Recent Insider Transactions • Nov 14Independent Director recently bought kr98k worth of stockOn the 11th of November, Chris Browne bought around 8k shares on-market at roughly kr11.61 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS kr0.21 (vs kr28.78 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.93b (up 50% from 3Q 2020). Net income: kr168.7m (up kr1.19b from 3Q 2020). Profit margin: 8.8% (up from net loss in 3Q 2020).
Breakeven Date Change • Oct 16Forecast to breakeven in 2022The 3 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr1.03b in 2022. Average annual earnings growth of 101% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 23Forecast to breakeven in 2021The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr910.3m in 2021. Earnings growth of 81% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 10Forecast to breakeven in 2021The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr910.3m in 2021. Earnings growth of 81% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 08Forecast to breakeven in 2023The 4 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr258.9m in 2023. Average annual earnings growth of 71% is required to achieve expected profit on schedule.
Reported Earnings • Sep 02First half 2021 earnings released: EPS kr9.03 (vs kr636 loss in 1H 2020)First half 2021 results: Revenue: kr590.9m (down 92% from 1H 2020). Net income: kr1.59b (up kr6.99b from 1H 2020).
Breakeven Date Change • Sep 02Forecast to breakeven in 2021The 3 analysts covering Norwegian Air Shuttle expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr1.01b in 2021. Earnings growth of 82% is required to achieve expected profit on schedule.
Board Change • Jul 29Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chris Browne was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Breakeven Date Change • Jul 29No longer forecast to breakevenThe 3 analysts covering Norwegian Air Shuttle no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr1.92b in 2023. New consensus forecast suggests the company will make a loss of kr574.0m in 2023.
Reported Earnings • Apr 25Full year 2020 earnings released: kr1,022 loss per share (vs kr1,263 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr9.10b (down 79% from FY 2019). Net loss: kr23.1b (loss widened kr21.4b from FY 2019). Available seat kilometres (ASK): 18.17b (down 82% from FY 2019). Passenger load factor: 75.2% (down from 86.6% in FY 2019). Revenue per available seat kilometre (RASK): 50.1% (up from 43.5% in FY 2019). Total aircraft: 113 (down by 25 from FY 2019).
Reported Earnings • Feb 27Full year 2020 earnings released: kr580 loss per share (vs kr1,263 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr9.10b (down 79% from FY 2019). Net loss: kr23.1b (loss widened kr21.4b from FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 86% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue misses expectationsRevenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 70%, compared to a 13% growth forecast for the Airlines industry in the United Kingdom.
Is New 90 Day High Low • Dec 18New 90-day high: kr45.78The company is up 4,305% from its price of kr1.04 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 50% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr2,392 per share.
Reported Earnings • Nov 11Third quarter 2020 earnings released: kr0.28 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr1.29b (down 91% from 3Q 2019). Net loss: kr1.02b (down 161% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 86% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 68%. Over the next year, revenue is expected to shrink by 5.0% compared to a 13% decline forecast for the Airlines industry in the United Kingdom.
Is New 90 Day High Low • Nov 03New 90-day low: kr0.60The company is down 72% from its price of kr2.11 on 04 August 2020. The British market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr15.87 per share.
Is New 90 Day High Low • Oct 10New 90-day low: kr0.70The company is down 74% from its price of kr2.71 on 10 July 2020. The British market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr16.05 per share.
