BlueNord ASA

OB:BNOR Stock Report

Market Cap: NOK 18.0b

BlueNord Management

Management criteria checks 2/4

BlueNord's CEO is Euan Shirlaw, appointed in Nov 2021, has a tenure of 3.17 years. total yearly compensation is $1.22M, comprised of 43.6% salary and 56.4% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth NOK4.81M. The average tenure of the management team and the board of directors is 1.3 years and 3.7 years respectively.

Key information

Euan Shirlaw

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage43.6%
CEO tenure3.2yrs
CEO ownership0.03%
Management average tenure1.3yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

BlueNord's (OB:BNOR) Conservative Accounting Might Explain Soft Earnings

Nov 07
BlueNord's (OB:BNOR) Conservative Accounting Might Explain Soft Earnings

Is BlueNord (OB:BNOR) Using Too Much Debt?

Oct 23
Is BlueNord (OB:BNOR) Using Too Much Debt?

An Intrinsic Calculation For BlueNord ASA (OB:BNOR) Suggests It's 22% Undervalued

Oct 03
An Intrinsic Calculation For BlueNord ASA (OB:BNOR) Suggests It's 22% Undervalued

Not Many Are Piling Into BlueNord ASA (OB:BNOR) Just Yet

Aug 31
Not Many Are Piling Into BlueNord ASA (OB:BNOR) Just Yet

BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital

Aug 05
BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital

These Analysts Just Made A Notable Downgrade To Their BlueNord ASA (OB:BNOR) EPS Forecasts

Feb 25
These Analysts Just Made A Notable Downgrade To Their BlueNord ASA (OB:BNOR) EPS Forecasts

BlueNord (OB:BNOR) Use Of Debt Could Be Considered Risky

Feb 21
BlueNord (OB:BNOR) Use Of Debt Could Be Considered Risky

BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital

Nov 25
BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital

Here's Why BlueNord (OB:BNOR) Is Weighed Down By Its Debt Load

Oct 30
Here's Why BlueNord (OB:BNOR) Is Weighed Down By Its Debt Load

Estimating The Fair Value Of BlueNord ASA (OB:BNOR)

Oct 05
Estimating The Fair Value Of BlueNord ASA (OB:BNOR)

We Think BlueNord (OB:BNOR) Is Taking Some Risk With Its Debt

Jul 20
We Think BlueNord (OB:BNOR) Is Taking Some Risk With Its Debt

BlueNord's (OB:BNOR) Returns On Capital Are Heading Higher

Jun 14
BlueNord's (OB:BNOR) Returns On Capital Are Heading Higher

BlueNord ASA (OB:BNOR) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

May 13
BlueNord ASA (OB:BNOR) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?

Jan 19
Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?

The Return Trends At Norwegian Energy (OB:NOR) Look Promising

Oct 16
The Return Trends At Norwegian Energy (OB:NOR) Look Promising

Is Norwegian Energy (OB:NOR) A Risky Investment?

Sep 03
Is Norwegian Energy (OB:NOR) A Risky Investment?

Returns On Capital Are Showing Encouraging Signs At Norwegian Energy (OB:NOR)

Jul 13
Returns On Capital Are Showing Encouraging Signs At Norwegian Energy (OB:NOR)

The Return Trends At Norwegian Energy (OB:NOR) Look Promising

Apr 06
The Return Trends At Norwegian Energy (OB:NOR) Look Promising

Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?

Mar 02
Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?

CEO Compensation Analysis

How has Euan Shirlaw's remuneration changed compared to BlueNord's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$40m

Jun 30 2024n/an/a

US$29m

Mar 31 2024n/an/a

US$57m

Dec 31 2023US$1mUS$533k

US$110m

Sep 30 2023n/an/a

US$172m

Jun 30 2023n/an/a

US$160m

Mar 31 2023n/an/a

US$85m

Dec 31 2022US$3mUS$470k

-US$9m

Sep 30 2022n/an/a

-US$134m

Jun 30 2022n/an/a

-US$119m

Mar 31 2022n/an/a

-US$89m

Dec 31 2021US$699kUS$376k

-US$53m

Sep 30 2021n/an/a

-US$9m

Jun 30 2021n/an/a

-US$15m

Mar 31 2021n/an/a

US$32m

Dec 31 2020US$574kUS$308k

US$17m

Sep 30 2020n/an/a

US$52m

Jun 30 2020n/an/a

US$226m

Mar 31 2020n/an/a

US$195m

Dec 31 2019US$515kUS$77k

US$215m

Compensation vs Market: Euan's total compensation ($USD1.22M) is above average for companies of similar size in the Norwegian market ($USD838.45K).

Compensation vs Earnings: Euan's compensation has been consistent with company performance over the past year.

CEO

Euan Shirlaw

3.2yrs

Tenure

US$1,222,000

Compensation

Mr. Euan Shirlaw served as Chief Financial Officer of BlueNord ASA (formerly known as Norwegian Energy Company ASA) since October 1, 2019 and serves as its Chief Executive Officer since May 12, 2022 and ha...

Leadership Team

NamePositionTenureCompensationOwnership
Euan Shirlaw
Chief Executive Officer3.2yrsUS$1.22m0.027%
NOK 4.8m
Jacqueline Boye
Chief Financial Officerno dataUS$643.00k0.0038%
NOK 689.9k
Cathrine Torgersen
Chief Corporate Affairs Officer1.3yrsUS$565.00k0.022%
NOK 3.9m
Miriam Lykke
Chief Operating Officerless than a yearno data0.0036%
NOK 646.8k

1.3yrs

Average Tenure

Experienced Management: BNOR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Robert McGuire
Director4.8yrsUS$65.00kno data
Marianne Lie
Director8.7yrsUS$75.00k0.0079%
NOK 1.4m
Kristin Faerovik
Directorless than a yearno datano data
Tone Omsted
Director8.7yrsUS$65.00k0.0076%
NOK 1.4m
Joao Saraiva e Silva
Directorless than a yearno datano data
Peter Coleman
Director3.7yrsno datano data
Glen Rodland
Chair of the Boardless than a yearno datano data

3.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: BNOR's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 04:06
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BlueNord ASA is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anna-Karin HempelArctic Securities ASA
Morten LindbäckBeringer Finance AB
Alexander HolbournBofA Global Research