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DNO

DNOOB:DNO Stock Report

Last Price

kr11.54

Market Cap

kr11.3b

7D

3.7%

1Y

50.3%

Updated

16 Jan, 2022

Data

Company Financials +
DNO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends2/6

DNO Stock Overview

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea.

DNO Competitors

Aker BP

OB:AKRBP

kr190.9b

Royal Dutch Shell

ENXTAM:RDSA

€166.3b

BP

LSE:BP.

UK£76.3b

EOG Resources

NYSE:EOG

US$61.8b

Price History & Performance

Summary of all time highs, changes and price drops for DNO
Historical stock prices
Current Share Pricekr11.54
52 Week Highkr13.10
52 Week Lowkr6.41
Beta2.74
1 Month Change13.70%
3 Month Change-6.75%
1 Year Change50.26%
3 Year Change-28.43%
5 Year Change25.57%
Change since IPO163.87%

Recent News & Updates

Jan 10
DNO (OB:DNO) Shareholders Will Want The ROCE Trajectory To Continue

DNO (OB:DNO) Shareholders Will Want The ROCE Trajectory To Continue

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Dec 23
Calculating The Intrinsic Value Of DNO ASA (OB:DNO)

Calculating The Intrinsic Value Of DNO ASA (OB:DNO)

In this article we are going to estimate the intrinsic value of DNO ASA ( OB:DNO ) by taking the forecast future cash...

Sep 14
Are Investors Undervaluing DNO ASA (OB:DNO) By 21%?

Are Investors Undervaluing DNO ASA (OB:DNO) By 21%?

In this article we are going to estimate the intrinsic value of DNO ASA ( OB:DNO ) by estimating the company's future...

Shareholder Returns

DNONO Oil and GasNO Market
7D3.7%4.6%-0.8%
1Y50.3%44.5%-46.1%

Return vs Industry: DNO exceeded the Norwegian Oil and Gas industry which returned 44.5% over the past year.

Return vs Market: DNO exceeded the Norwegian Market which returned -46.1% over the past year.

Price Volatility

Is DNO's price volatile compared to industry and market?
DNO volatility
DNO Average Weekly Movement6.3%
Oil and Gas Industry Average Movement6.3%
Market Average Movement5.9%
10% most volatile stocks in NO Market10.2%
10% least volatile stocks in NO Market3.0%

Stable Share Price: DNO is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DNO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19711,257Bjorn Dalehttps://www.dno.no

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 of Iraq. As of December 31, 2020, its proven reserves consisted of 201.0 million barrels of oil equivalent (MMboe); proven and probable reserves included 332.3 MMboe; and proven, probable, and possible reserves consisted of 506.8 MMboe.

DNO Fundamentals Summary

How do DNO's earnings and revenue compare to its market cap?
DNO fundamental statistics
Market CapUS$1.29b
Earnings (TTM)US$78.70m
Revenue (TTM)US$781.80m

16.4x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DNO income statement (TTM)
RevenueUS$781.80m
Cost of RevenueUS$417.10m
Gross ProfitUS$364.70m
ExpensesUS$286.00m
EarningsUS$78.70m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)0.081
Gross Margin46.65%
Net Profit Margin10.07%
Debt/Equity Ratio94.6%

How did DNO perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

0.907%

Payout Ratio

Valuation

Is DNO undervalued compared to its fair value and its price relative to the market?

19.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DNO (NOK11.54) is trading below our estimate of fair value (NOK14.31)

Significantly Below Fair Value: DNO is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DNO is poor value based on its PE Ratio (16.4x) compared to the Norwegian Oil and Gas industry average (14.7x).

PE vs Market: DNO is poor value based on its PE Ratio (16.4x) compared to the Norwegian market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: DNO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DNO is overvalued based on its PB Ratio (1.3x) compared to the NO Oil and Gas industry average (1x).


Future Growth

How is DNO forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DNO's earnings are forecast to decline over the next 3 years (-4.9% per year).

Earnings vs Market: DNO's earnings are forecast to decline over the next 3 years (-4.9% per year).

High Growth Earnings: DNO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DNO's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: DNO's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DNO's Return on Equity is forecast to be high in 3 years time (20.8%)


Past Performance

How has DNO performed over the past 5 years?

-27.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DNO has a large one-off loss of $161.1M impacting its September 30 2021 financial results.

Growing Profit Margin: DNO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DNO has become profitable over the past 5 years, growing earnings by -27.6% per year.

Accelerating Growth: DNO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DNO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).


Return on Equity

High ROE: DNO's Return on Equity (8%) is considered low.


Financial Health

How is DNO's financial position?


Financial Position Analysis

Short Term Liabilities: DNO's short term assets ($1.2B) exceed its short term liabilities ($386.1M).

Long Term Liabilities: DNO's short term assets ($1.2B) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: DNO's net debt to equity ratio (34.9%) is considered satisfactory.

Reducing Debt: DNO's debt to equity ratio has increased from 82.8% to 94.6% over the past 5 years.

Debt Coverage: DNO's debt is well covered by operating cash flow (71.1%).

Interest Coverage: DNO's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Dividend

What is DNO current dividend yield, its reliability and sustainability?

1.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DNO's dividend (1.68%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.67%).

High Dividend: DNO's dividend (1.68%) is low compared to the top 25% of dividend payers in the Norwegian market (4.9%).


Stability and Growth of Payments

Stable Dividend: DNO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DNO has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (0.9%), DNO's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DNO is not forecast to pay a dividend in 3 years.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Bjorn Dale

no data

Tenure

US$916,000

Compensation

Mr. Bjorn 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: Bjorn's total compensation ($USD916.00K) is above average for companies of similar size in the Norwegian market ($USD647.05K).

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


Leadership Team

Experienced Management: DNO's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: DNO's board of directors are seasoned and experienced ( 10.8 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 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
  • Implied Market Cap: kr11.257b
  • Shares outstanding: 975.47m
  • Website: https://www.dno.no

Number of Employees


Location

  • DNO ASA
  • Dokkveien 1
  • Aker Brygge
  • Oslo
  • Oslo
  • 250
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 17:20
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.