DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea.
Reasonable growth potential and fair value.
Share Price & News
How has DNO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NK1A's share price has been volatile over the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: NK1A underperformed the German Oil and Gas industry which returned 34.6% over the past year.
Return vs Market: NK1A underperformed the German Market which returned 5.6% over the past year.
Price Volatility Vs. Market
How volatile is DNO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is DNO undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NK1A (€0.6) is trading below our estimate of fair value (€1.27)
Significantly Below Fair Value: NK1A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NK1A is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: NK1A is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NK1A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NK1A is good value based on its PB Ratio (0.7x) compared to the DE Oil and Gas industry average (1.2x).
How is DNO forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NK1A is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).
Earnings vs Market: NK1A is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NK1A's is expected to become profitable in the next 3 years.
Revenue vs Market: NK1A's revenue (9.2% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: NK1A's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NK1A's Return on Equity is forecast to be low in 3 years time (17.3%).
How has DNO performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NK1A is currently unprofitable.
Growing Profit Margin: NK1A is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NK1A is unprofitable, but has reduced losses over the past 5 years at a rate of 54% per year.
Accelerating Growth: Unable to compare NK1A's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NK1A is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-9.2%).
Return on Equity
High ROE: NK1A has a negative Return on Equity (-1.74%), as it is currently unprofitable.
How is DNO's financial position?
Financial Position Analysis
Short Term Liabilities: NK1A's short term assets ($1.2B) exceed its short term liabilities ($583.9M).
Long Term Liabilities: NK1A's short term assets ($1.2B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: NK1A's debt to equity ratio (118.2%) is considered high.
Reducing Debt: NK1A's debt to equity ratio has increased from 37.4% to 118.2% over the past 5 years.
Debt Coverage: NK1A's debt is well covered by operating cash flow (34.6%).
Interest Coverage: NK1A is unprofitable, therefore interest payments are not well covered by earnings.
What is DNO's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NK1A's dividend (4.81%) is higher than the bottom 25% of dividend payers in the German market (1.26%).
High Dividend: NK1A's dividend (4.81%) is in the top 25% of dividend payers in the German market (3.74%)
Stability and Growth of Payments
Stable Dividend: NK1A has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NK1A has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: NK1A is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NK1A's dividends in 3 years are forecast to be thoroughly covered by earnings (10.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Bjørn Dale serves as Managing Director of DNO ASA. Mr. Dale served as Secretary at DNO ASA since 2011 and served as its Acting President. He served as Acting Managing Director and General Counsel at DN ...
CEO Compensation Analysis
Compensation vs Market: Bjørn's total compensation ($USD976.80K) is about average for companies of similar size in the German market ($USD1.29M).
Compensation vs Earnings: Bjørn's compensation has been consistent with company performance over the past year.
|Executive Chairman||9yrs||US$813.50k||no data|
|Managing Director||no data||US$976.80k||no data|
|Chief Financial Officer||19.42yrs||US$557.60k||no data|
|Group General Counsel & Corporate Secretary||3.42yrs||US$548.00k||no data|
|Human Resources Director||1.42yrs||US$306.60k||no data|
|Group Exploration & Subsurface Director||4.67yrs||US$773.50k||no data|
|Deputy Managing Director||1.08yrs||US$610.30k||0.0033% $20.1k|
|Deputy Chief Financial Officer||no data||US$513.70k||no data|
|General Counsel Of Middle East||1.42yrs||US$375.10k||no data|
|General Manager DNO North Sea||no data||US$414.10k||no data|
Experienced Management: NK1A's management team is considered experienced (2.4 years average tenure).
|Executive Chairman||9yrs||US$813.50k||no data|
|Deputy Chairman||no data||US$68.10k||0.0031% $18.9k|
Experienced Board: NK1A's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DNO ASA's company bio, employee growth, exchange listings and data sources
- Name: DNO ASA
- Ticker: NK1A
- Exchange: DB
- Founded: 1971
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: kr6.440b
- Listing Market Cap: kr613.743m
- Shares outstanding: 975.43m
- Website: https://www.dno.no
Number of Employees
- DNO ASA
- Dokkveien 1
- Aker Brygge
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DTNO.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|DNO||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1992|
|NK1A||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0MHP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|DNOO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|DTNO.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Oct 2008|
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea. Its flagship project is the Tawke field that is located in the Kurdistan region of Iraq. As of December 31, 2019, its proven reserves consisted of 205.6 million barrels of oil equivalent (MMboe); proven and probable reserves included 344.8 MMboe; and proven, probable, and possible reserves consisted of 539.9 MMboe. The company was founded in 1971 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/07 01:13|
|End of Day Share Price||2020/06/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.