Executive Summary
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has DNO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DNO is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: DNO's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
5.1%
DNO
1.3%
NO Oil and Gas
-0.1%
NO Market
1 Year Return
-17.9%
DNO
-10.4%
NO Oil and Gas
1.1%
NO Market
Return vs Industry: DNO underperformed the Norwegian Oil and Gas industry which returned -10.4% over the past year.
Return vs Market: DNO underperformed the Norwegian Market which returned 1.1% over the past year.
Shareholder returns
| DNO | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.1% | 1.3% | -0.1% |
| 30 Day | 25.4% | 13.7% | 6.5% |
| 90 Day | 100.8% | 30.8% | 17.7% |
| 1 Year | -17.9%-17.9% | -5.7%-10.4% | 4.8%1.1% |
| 3 Year | -17.4%-20.6% | 4.3%-8.8% | 10.8%-1.7% |
| 5 Year | 71.0%64.4% | 100.9%60.1% | 84.3%48.5% |
Long-Term Price Volatility Vs. Market
How volatile is DNO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Health Check: How Prudently Does DNO (OB:DNO) Use Debt?1 month ago | Simply Wall St
DNO ASA (OB:DNO) Shares Could Be 40% Below Their Intrinsic Value Estimate1 month ago | Simply Wall St
DNO ASA (OB:DNO) Insiders Increased Their HoldingsValuation
Is DNO undervalued compared to its fair value and its price relative to the market?
28.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DNO (NOK8.33) is trading below our estimate of fair value (NOK11.61)
Significantly Below Fair Value: DNO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DNO is unprofitable, so we can't compare its PE Ratio to the NO Oil and Gas industry average.
PE vs Market: DNO is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DNO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DNO is overvalued based on its PB Ratio (1.1x) compared to the NO Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is DNO forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
59.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DNO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: DNO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DNO's is expected to become profitable in the next 3 years.
Revenue vs Market: DNO's revenue (14.8% per year) is forecast to grow faster than the Norwegian market (6.7% per year).
High Growth Revenue: DNO's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DNO's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has DNO performed over the past 5 years?
25.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DNO is currently unprofitable.
Growing Profit Margin: DNO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DNO is unprofitable, but has reduced losses over the past 5 years at a rate of 25.1% per year.
Accelerating Growth: Unable to compare DNO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DNO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (263.2%).
Return on Equity
High ROE: DNO has a negative Return on Equity (-20.34%), as it is currently unprofitable.
Next Steps
Financial Health
How is DNO's financial position?
Financial Position Analysis
Short Term Liabilities: DNO's short term assets ($1.0B) exceed its short term liabilities ($366.6M).
Long Term Liabilities: DNO's short term assets ($1.0B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: DNO's debt to equity ratio (119.3%) is considered high.
Reducing Debt: DNO's debt to equity ratio has increased from 66.9% to 119.3% over the past 5 years.
Debt Coverage: DNO's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: Insufficient data to determine if DNO's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is DNO current dividend yield, its reliability and sustainability?
3.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DNO's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.34%).
High Dividend: DNO's dividend (3.53%) is low compared to the top 25% of dividend payers in the Norwegian market (5.69%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DNO has been paying a dividend for less than 10 years.
Growing Dividend: DNO has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: DNO is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: DNO's dividends in 3 years are forecast to be thoroughly covered by earnings (11.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Bjørn Dale
no data
Tenure
US$976,800
Compensation
Mr. Bjørn Dale serves as Managing Director of DNO ASA. Mr. Dale served as Secretary at DNO ASA since 2011 and served as its Acting President. He served as Acting Managing Director and General Counsel at DN...
CEO Compensation Analysis
Compensation vs Market: Bjørn's total compensation ($USD976.80K) is above average for companies of similar size in the Norwegian market ($USD555.10K).
Compensation vs Earnings: Bjørn's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.58yrs | US$813.50k | no data | |
| Managing Director | no data | US$976.80k | no data | |
| Chief Financial Officer | 20yrs | US$557.60k | no data | |
| Group General Counsel & Corporate Secretary | 4yrs | US$548.00k | no data | |
| Human Resources Director | 2yrs | US$306.60k | no data | |
| Group Exploration & Subsurface Director | 5.25yrs | US$773.50k | no data | |
| Deputy Managing Director | 1.67yrs | US$610.30k | 0.0033% $ 266.6k | |
| Deputy Chief Financial Officer | no data | US$513.70k | no data | |
| General Counsel Of Middle East | 2yrs | US$375.10k | no data | |
| General Manager DNO North Sea | no data | US$414.10k | no data | |
| General Manager of Kurdistan Region | no data | US$553.70k | no data | |
| General Manager of North | no data | US$454.90k | no data |
3.0yrs
Average Tenure
58.5yo
Average Age
Experienced Management: DNO's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 9.58yrs | US$813.50k | no data | |
| Director | 13.17yrs | US$64.00k | 0.036% $ 2.9m | |
| Deputy Chairman | no data | US$68.10k | 0.0031% $ 250.4k | |
| Director | 5.58yrs | US$57.80k | 0.0034% $ 274.8k | |
| Director | 10.58yrs | US$57.80k | no data |
10.1yrs
Average Tenure
67yo
Average Age
Experienced Board: DNO's board of directors are seasoned and experienced ( 10.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
DNO ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: DNO ASA
- Ticker: DNO
- Exchange: OB
- Founded: 1971
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: kr8.129b
- Shares outstanding: 975.43m
- Website: https://www.dno.no
Number of Employees
Location
- DNO ASA
- Dokkveien 1
- Aker Brygge
- Oslo
- Oslo
- 250
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DTNO.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| DNO | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Jan 1992 |
| NK1A | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0MHP | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Jan 1992 |
| DNOO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Jan 1992 |
| DTNO.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea. Its flagship project is the Tawke field that is located in the Kurdistan region o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 00:40 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.