How does 0BQ's PE Ratio compare to its peers?

0BQ is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (12.8x).

How does 0BQ's PE Ratio compare vs other companies in the European Forestry Industry?

0BQ is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Forestry industry average (12.5x).

What is 0BQ'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.

0BQ is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

What is the Fair Price of 0BQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0BQ (€1.95) is trading below our estimate of [[fair value]] (€8.85)

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

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Norske Skog (DB:0BQ) - Stock Price, News & Analysis

0BQ Stock Overview

Engages in the production and sale of publication and packaging paper products in Norway, rest of Europe, North America, Australasia, Asia, and Africa. More details

0BQ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	1/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 78% below our estimate of its fair value

Earnings are forecast to grow 54.91% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Volatile share price over the past 3 months compared to the German market

Large one-off items impacting financial results

Profit margins (2.2%) are lower than last year (8.3%)

Norske Skog ASA Competitors

Nabaltec

XTRA:NTG

€123.6m

Eisen- und Hüttenwerke

DB:EIS

€202.4m

H&R GmbH KGaA

XTRA:2HRA

€127.3m

Uzin Utz

XTRA:UZU

€250.2m

Price History & Performance

Summary of all time highs, changes and price drops for Norske Skog
Historical stock prices
Current Share Price	NOK 1.95
52 Week High	NOK 3.76
52 Week Low	NOK 1.44
Beta	0.63
11 Month Change	0%
3 Month Change	-40.88%
1 Year Change	-42.86%
33 Year Change	-51.13%
5 Year Change	n/a
Change since IPO	-30.16%

Recent updates

Shareholder Returns

	0BQ	DE Forestry	DE Market
7D	11.5%	-1.3%	-0.02%
1Y	-42.9%	-14.5%	8.2%

Return vs Industry: 0BQ underperformed the German Forestry industry which returned -15.4% over the past year.

Return vs Market: 0BQ underperformed the German Market which returned 7.4% over the past year.

Price Volatility

Is 0BQ's price volatile compared to industry and market?
0BQ volatility
0BQ Average Weekly Movement	9.0%
Forestry Industry Average Movement	3.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 0BQ's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 0BQ's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1962	2,100	Geir Drangsland	www.norskeskog.com

Norske Skog ASA engages in the production and sale of publication and packaging paper products in Norway, rest of Europe, North America, Australasia, Asia, and Africa. It operates in Publication paper Europe, Publication paper Australasia, and Packaging paper segments. The company offers newsprint paper products comprising standard newsprint and other papers; magazine papers, including super calendared and lightweight coated papers; and recycled containerboards.

Norske Skog ASA Fundamentals Summary

How do Norske Skog's earnings and revenue compare to its market cap?
0BQ fundamental statistics
Market cap	€176.67m
Earnings (TTM)	€21.33m
Revenue (TTM)	€953.37m

8.3x

P/E Ratio

0.2x

P/S Ratio

Is 0BQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0BQ income statement (TTM)
Revenue	NOK 11.00b
Cost of Revenue	NOK 7.63b
Gross Profit	NOK 3.37b
Other Expenses	NOK 3.12b
Earnings	NOK 246.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 07, 2025

Earnings per share (EPS)	2.90
Gross Margin	30.61%
Net Profit Margin	2.24%
Debt/Equity Ratio	86.8%

How did 0BQ perform over the long term?

See historical performance and comparison

0BQ Stock Overview

Rewards

Risk Analysis

Norske Skog ASA Competitors

XTRA:NTG

€123.6m

DB:EIS

€202.4m

XTRA:2HRA

€127.3m

XTRA:UZU

€250.2m

Price History & Performance

Recent News & Updates

Investor sentiment deteriorates as stock falls 20%

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

New major risk - Financial position

Third quarter 2024 earnings released: kr1.80 loss per share (vs kr1.45 profit in 3Q 2023)

Norske Skog ASA, Annual General Meeting, Apr 16, 2026

Recent updates

Investor sentiment deteriorates as stock falls 20%

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

New major risk - Financial position

Third quarter 2024 earnings released: kr1.80 loss per share (vs kr1.45 profit in 3Q 2023)

Norske Skog ASA, Annual General Meeting, Apr 16, 2026

Now 22% overvalued

Chief Financial Officer recently bought €19k worth of stock

Second quarter 2024 earnings released: EPS: kr2.89 (vs kr0.48 in 2Q 2023)

High number of new and inexperienced directors

Full year 2023 earnings released: EPS: kr5.27 (vs kr27.28 in FY 2022)

Full year 2023 earnings released: EPS: kr5.63 (vs kr27.28 in FY 2022)

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA, Annual General Meeting, Apr 11, 2024

Norske Skog ASA Announces Dividend, Payable on or About 28 November 2023

Third quarter 2023 earnings released: EPS: kr1.45 (vs kr0.12 loss in 3Q 2022)

Oji Fibre Solutions (NZ) Limited acquired Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG).

Norske Skog ASA Announces Chief Executive Officer Changes

Norske Skog ASA Announces Chief Executive Officer Changes

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: kr0.48 (vs kr9.92 in 2Q 2022)

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: kr1.91 loss per share (vs kr6.18 profit in 1Q 2022)

Independent Director recently bought €53k worth of stock

Norske Skog ASA Proposes Dividend

Norske Skog ASA to Report Fiscal Year 2022 Results on Mar 30, 2023

Norske Skog ASA to Report Q3, 2023 Results on Oct 20, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: kr0.12 loss per share (vs kr6.38 loss in 3Q 2021)

Investor sentiment improved over the past week

Byggma ASA (OB:BMA) acquired a 7.68% stake in Norske Skog ASA (OB:NSKOG).

Second quarter 2022 earnings released: EPS: kr9.92 (vs kr3.77 loss in 2Q 2021)

First quarter 2022 earnings released: EPS: kr6.18 (vs kr2.05 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: kr3.90 loss per share (vs kr22.84 loss in FY 2020)

Chairperson of the Board recently bought €138k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Chairperson of the Board recently bought €182k worth of stock

Third quarter 2021 earnings released

Second quarter 2021 earnings released: kr3.77 loss per share (vs kr0.62 loss in 2Q 2020)

Shareholder Returns

Price Volatility

About the Company

Norske Skog ASA Fundamentals Summary

8.3x

0.2x

Earnings & Revenue