Norse Atlantic (BST:9LG) - Stock Price, News & Analysis

9LG Stock Overview

Norse Atlantic ASA provides long-haul airline services.

9LG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Revenue grew by 321.4% over the past year

Risk Analysis

Negative shareholders equity

Shareholders have been substantially diluted in the past year

Shares are highly illiquid

Norse Atlantic ASA Competitors

Deutsche Lufthansa

XTRA:LHA

€8.0b

SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft

HMSE:NEP

€118.9m

Deufol

HMSE:DE1

€62.2m

Waberer's International Nyrt

BST:3WB

€178.3m

Price History & Performance

Summary of all time highs, changes and price drops for Norse Atlantic
Historical stock prices
Current Share Price	kr0.71
52 Week High	kr2.12
52 Week Low	kr0.69
Beta	0.15
1 Month Change	-36.79%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-91.02%
5 Year Change	n/a
Change since IPO	-91.11%

Recent updates

Shareholder Returns

	9LG	DE Airlines	DE Market
7D	0%	-3.2%	2.5%
1Y	n/a	-11.2%	6.0%

Return vs Industry: Insufficient data to determine how 9LG performed against the German Airlines industry.

Return vs Market: Insufficient data to determine how 9LG performed against the German Market.

Price Volatility

Is 9LG's price volatile compared to industry and market?
9LG volatility
9LG Average Weekly Movement	n/a
Airlines Industry Average Movement	4.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	10.4%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 9LG's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine 9LG's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	1,053	Bjoern Larsen	www.flynorse.com

Norse Atlantic ASA provides long-haul airline services. It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, London, and Oslo. The company was incorporated in 2021 and is headquartered in Arendal, Norway.

Norse Atlantic ASA Fundamentals Summary

How do Norse Atlantic's earnings and revenue compare to its market cap?
9LG fundamental statistics
Market cap	€104.32m
Earnings (TTM)	-€156.63m
Revenue (TTM)	€407.88m

0.3x

P/S Ratio

-0.7x

P/E Ratio

Is 9LG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9LG income statement (TTM)
Revenue	US$439.44m
Cost of Revenue	US$419.07m
Gross Profit	US$20.37m
Other Expenses	US$189.11m
Earnings	-US$168.75m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 14, 2024

Earnings per share (EPS)	-1.31
Gross Margin	4.63%
Net Profit Margin	-38.40%
Debt/Equity Ratio	0%

How did 9LG perform over the long term?

See historical performance and comparison

9LG Stock Overview

Rewards

Risk Analysis

Norse Atlantic ASA Competitors

XTRA:LHA

€8.0b

HMSE:NEP

€118.9m

HMSE:DE1

€62.2m

BST:3WB

€178.3m

Price History & Performance

Recent News & Updates

No independent directors

Norse Atlantic Airways Introduces New Route Between London Gatwick and Cape Town

Norse Atlantic Airways Announces New Direct Flight from London Gatwick to Las Vegas

Full year 2023 earnings released: US$2.72 loss per share (vs US$8.30 loss in FY 2022)

No independent directors

Norse Atlantic ASA has completed a Follow-on Equity Offering in the amount of NOK 100.1 million.

Recent updates

No independent directors

Norse Atlantic Airways Introduces New Route Between London Gatwick and Cape Town

Norse Atlantic Airways Announces New Direct Flight from London Gatwick to Las Vegas

Full year 2023 earnings released: US$2.72 loss per share (vs US$8.30 loss in FY 2022)

No independent directors

Norse Atlantic ASA has completed a Follow-on Equity Offering in the amount of NOK 100.1 million.

Norse Atlantic ASA to Report Q1, 2025 Results on May 14, 2024

Norse Atlantic Airways Extends Direct Flights from Oslo to Bangkok in Summer 2024

Norsors Atlantic Airways Releases Winter Sun Routes for 2024-2025 Season

Norse Atlantic ASA has filed a Follow-on Equity Offering in the amount of NOK 100.1 million.

Norse Atlantic ASA to Report Q3, 2023 Results on Oct 31, 2023

Norse Atlantic ASA to Report Q3, 2023 Results on Oct 31, 2023

Norse Atlantic Airways Celebrates Inaugural Flights to Miami from London and Oslo

Norse Atlantic Airways Launches Ticket Sales for New Route Between Paris and Los Angeles

Second quarter 2023 earnings released: US$0.55 loss per share (vs US$1.86 loss in 2Q 2022)

No independent directors

Norse Atlantic Asa Provides Earnings Guidance for the Third Quarter of 2023

Norse Atlantic Airways Expands Winter Schedule with New Direct Flights from Paris and Berlin to Miami

Norse Atlantic Airways Expands Winter Schedule with New Direct Flights from Paris and Berlin to Miami

Norse Atlantic Airways Announces Inaugural Flights to Los Angeles and San Francisco from London

Norse Atlantic Appoints Ben Boiling as Finance Director and Managing Director of Norse UK

Norse Atlantic Airways Celebrates Inaugural Service Between Rome and New York JFK

Norse Atlantic Airways Announces Miami as New Destination

Norse Atlantic Airways Celebrates Inaugural Flight from Washington, D.C. to London

Norse Atlantic Launches Ticket Sales to Miami from London with Flights Commencing September 18, 2023

No independent directors

Norse Atlantic Airways Unveils Two New Routes from the US to London

Norse Atlantic Airways Appoints Charles Duncan as President

Norse Atlantic Airways Launches Ticket Sales Between Rome And New York JFK With Fares Starting From EUR 239 One Way

No independent directors

Norse Atlantic Airways Launches Ticket Sales Between Paris and New York JFK with One Way Fares Starting from EUR 219

No independent directors

Norse Atlantic ASA Receives UK Air Operator Certificate and Operating License

No independent directors

Norse Atlantic ASA Announces Inaugural Flights from Berlin and Announces New Berlin to Fort Lauderdale Route

Norse Atlantic Airways Celebrates Inaugural Flight from London Gatwick to New York JFK

Norse Atlantic ASA Update and Completion of Aircraft Subleases

No independent directors

Norse Atlantic Airways Takes Off with First Flight from Oslo to New York

Norse Atlantic Airways Launches Ticket Sales Between Berlin, New York JFK and Los Angeles with One-Way Fares Starting from €160 and $120

No independent directors

Shareholder Returns

Price Volatility

About the Company

Norse Atlantic ASA Fundamentals Summary

0.3x

-0.7x

Earnings & Revenue