Norske Skog Future Growth

Future criteria checks 4/6

Norske Skog is forecast to grow earnings and revenue by 54.9% and 15.2% per annum respectively. EPS is expected to grow by 55% per annum. Return on equity is forecast to be 7.5% in 3 years.

Key information

54.9%

Earnings growth rate

55.0%

EPS growth rate

Forestry earnings growth	20.7%
Revenue growth rate	15.2%
Future return on equity	7.5%
Analyst coverage	Low
Last updated	22 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:0BQ - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	16,985	399	1,162	1,412	2
12/31/2025	15,742	-33	-42	608	2
12/31/2024	12,219	-208	-1,169	281	2
9/30/2024	10,997	246	-967	929	N/A
6/30/2024	10,773	533	-1,225	1,374	N/A
3/31/2024	11,166	334	-1,423	1,429	N/A
12/31/2023	11,786	481	-1,156	1,928	N/A
9/30/2023	12,781	1,064	-1,464	1,701	N/A
6/30/2023	13,679	919	-512	2,154	N/A
3/31/2023	14,382	1,808	-133	2,274	N/A
12/31/2022	14,537	2,572	-188	2,040	N/A
9/30/2022	13,669	1,907	-61	1,612	N/A
6/30/2022	12,659	1,316	-614	887	N/A
3/31/2022	11,021	26	-999	224	N/A
12/31/2021	9,849	-363	-830	191	N/A
9/30/2021	9,270	-2,125	-992	-53	N/A
6/30/2021	8,912	-1,612	-591	161	N/A
3/31/2021	8,742	-1,316	-479	242	N/A
12/31/2020	9,173	-1,884	-83	549	N/A
9/30/2020	9,793	-680	-123	397	N/A
6/30/2020	10,645	427	-11	432	N/A
3/31/2020	11,789	1,517	375	767	N/A
12/31/2019	12,200	2,044	233	602	N/A
9/30/2019	12,501	2,511	643	986	N/A
6/30/2019	12,706	2,499	626	948	N/A
3/31/2019	12,487	1,573	654	954	N/A
12/31/2018	12,428	1,525	602	881	N/A
12/31/2017	11,527	-3,551	N/A	404	N/A
12/31/2016	11,852	-972	N/A	514	N/A
12/31/2015	9,540	-1,130	N/A	125	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0BQ's forecast earnings growth (54.9% per year) is above the savings rate (1%).

Earnings vs Market: 0BQ's earnings (54.9% per year) are forecast to grow faster than the German market (21.1% per year).

High Growth Earnings: 0BQ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0BQ's revenue (15.2% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: 0BQ's revenue (15.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0BQ's Return on Equity is forecast to be low in 3 years time (7.5%).

Norske Skog Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

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)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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