DNO ASA

DB:NK1A Stock Report

Market Cap: €855.4m

DNO Valuation

Is NK1A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NK1A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NK1A (€0.87) is trading below our estimate of fair value (€3.33)

Significantly Below Fair Value: NK1A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NK1A?

Key metric: As NK1A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NK1A. This is calculated by dividing NK1A's market cap by their current earnings.
What is NK1A's PE Ratio?
PE Ratio11.8x
EarningsUS$75.40m
Market CapUS$890.77m

Price to Earnings Ratio vs Peers

How does NK1A's PE Ratio compare to its peers?

The above table shows the PE ratio for NK1A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
DR0 Deutsche Rohstoff
2.9x-8.9%€168.6m
CE2 CropEnergies
82.4xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.9x12.9%€559.0m
NK1A DNO
11.8x15.3%€9.9b

Price-To-Earnings vs Peers: NK1A is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (30.1x).

Price to Earnings Ratio vs Industry

How does NK1A's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NK1A 11.8xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NK1A is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is NK1A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NK1A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: NK1A is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NK1A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.87
€1.32
+52.0%
16.2%€1.54€0.98n/a4
Nov ’25€0.89
€1.32
+47.9%
14.8%€1.53€1.02n/a4
Oct ’25€0.96
€1.32
+37.2%
14.5%€1.51€1.01n/a4
Sep ’25€1.03
€1.24
+21.0%
19.8%€1.53€0.98n/a4
Aug ’25€0.94
€1.27
+36.0%
19.8%€1.57€1.00n/a4
Jul ’25€0.96
€1.25
+30.1%
19.0%€1.57€1.00n/a4
Jun ’25€0.98
€1.23
+25.4%
22.6%€1.58€0.88n/a4
May ’25€0.88
€1.20
+36.9%
22.6%€1.55€0.86n/a4
Apr ’25€0.83
€1.20
+45.9%
22.6%€1.55€0.86n/a4
Mar ’25€0.77
€1.27
+63.9%
19.0%€1.59€1.02n/a4
Feb ’25€0.82
€1.32
+62.3%
25.2%€1.84€1.01n/a4
Jan ’25€0.90
€1.31
+45.8%
25.9%€1.78€0.97n/a3
Dec ’24€0.91
€1.31
+44.0%
25.9%€1.78€0.97n/a3
Nov ’24€0.94
€1.32
+40.6%
26.3%€1.81€1.04€0.893
Oct ’24€0.91
€1.32
+45.6%
26.3%€1.81€1.04€0.963
Sep ’24€0.88
€1.32
+50.7%
26.3%€1.81€1.04€1.033
Aug ’24€0.98
€1.43
+45.7%
27.9%€1.97€1.03€0.943
Jul ’24€0.82
€1.52
+85.9%
25.8%€1.95€1.02€0.964
Jun ’24€0.83
€1.56
+87.2%
22.7%€1.95€1.14€0.984
May ’24€0.90
€1.69
+87.8%
15.0%€1.98€1.38€0.884
Apr ’24€0.90
€1.76
+94.9%
13.8%€2.09€1.52€0.833
Mar ’24€1.10
€1.76
+60.0%
13.8%€2.09€1.52€0.773
Feb ’24€1.14
€1.76
+54.8%
13.8%€2.09€1.52€0.823
Jan ’24€1.12
€1.76
+57.3%
13.8%€2.09€1.52€0.903
Dec ’23€1.25
€1.80
+43.6%
13.8%€2.14€1.56€0.913
Nov ’23€1.34
€1.95
+45.3%
15.0%€2.28€1.59€0.944

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Hafnia

NOK 31.2b

Owns and operates oil product tankers in Bermuda.

RE0

NOK 5.10

7D

6.3%

1Y

-13.6%

International Seaways

US$2.0b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

IS5

US$39.13

7D

-1.2%

1Y

-8.1%

Rubellite Energy

CA$215.6m

Rubellite Energy Inc., an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.

6L00

CA$1.31

7D

0%

1Y

-14.4%