Norske Skog ASA

DB:0BQ Stock Report

Market Cap: €176.7m

Norske Skog Valuation

Is 0BQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0BQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0BQ (€1.95) is trading below our estimate of fair value (€8.85)

Significantly Below Fair Value: 0BQ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0BQ?

Key metric: As 0BQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0BQ. This is calculated by dividing 0BQ's market cap by their current earnings.
What is 0BQ's PE Ratio?
PE Ratio8.3x
EarningsNOK 246.00m
Market CapNOK 2.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0BQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
NTG Nabaltec
8.8x4.3%€123.6m
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
2HRA H&R GmbH KGaA
13.3x34.4%€127.3m
UZU Uzin Utz
10.5x2.1%€250.2m
0BQ Norske Skog
8.3x54.9%€2.0b

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

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0BQ 8.3xIndustry Avg. 12.6xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

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

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio26.6x

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

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 0BQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.95
€3.29
+69.4%
16.9%€3.85€2.74n/a2
Nov ’25€1.81
€3.28
+82.0%
13.7%€3.79€2.70n/a3
Oct ’25€2.84
€3.48
+22.8%
7.2%€3.82€3.23n/a3
Sep ’25€3.20
€4.13
+29.3%
17.6%€5.13€3.42n/a3
Aug ’25€3.31
€4.13
+24.9%
17.6%€5.13€3.42n/a3
Jul ’25€3.49
€4.23
+21.3%
17.6%€5.26€3.50n/a3
Jun ’25€3.68
€3.97
+8.0%
20.2%€5.11€3.41n/a3
May ’25€3.10
€3.97
+28.4%
20.2%€5.11€3.41n/a3
Apr ’25€2.81
€4.02
+43.0%
20.2%€5.16€3.44n/a3
Mar ’25€3.23
€4.70
+45.6%
17.7%€5.28€3.52n/a3
Feb ’25€3.16
€4.97
+57.4%
8.3%€5.26€4.39n/a3
Jan ’25€3.61
€5.64
+56.1%
25.5%€7.61€4.23n/a3
Dec ’24€3.42
€5.64
+64.8%
25.5%€7.61€4.23n/a3
Nov ’24€3.42
€6.49
+89.7%
12.3%€7.62€5.93€1.813
Oct ’24€4.04
€7.33
+81.7%
10.4%€8.08€6.29€2.843
Sep ’24€3.60
€7.33
+104.0%
10.4%€8.08€6.29€3.203
Aug ’24€3.95
€7.33
+85.9%
10.4%€8.08€6.29€3.313
Jul ’24€3.54
€7.55
+113.6%
9.6%€8.55€6.84€3.493
Jun ’24€3.41
€7.85
+130.4%
10.1%€8.41€6.73€3.683
May ’24€3.93
€7.97
+102.7%
10.1%€8.54€6.83€3.103
Apr ’24€4.97
€9.53
+91.6%
15.7%€10.89€7.45€2.813
Mar ’24€6.02
€9.53
+58.4%
15.7%€10.89€7.45€3.233
Feb ’24€6.14
€9.53
+55.3%
15.7%€10.89€7.45€3.163
Jan ’24€6.30
€9.01
+43.0%
10.1%€9.65€7.72€3.613
Dec ’23€5.53
€9.01
+63.1%
10.1%€9.65€7.72€3.423
Nov ’23€5.97
€9.01
+51.1%
10.1%€9.65€7.72€3.423

Analyst Forecast: 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.

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