| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr11.54 |
| 52 Week High | kr13.10 |
| 52 Week Low | kr6.41 |
| Beta | 2.74 |
| 1 Month Change | 13.70% |
| 3 Month Change | -6.75% |
| 1 Year Change | 50.26% |
| 3 Year Change | -28.43% |
| 5 Year Change | 25.57% |
| Change since IPO | 163.87% |
Recent News & Updates
DNO (OB:DNO) Shareholders Will Want The ROCE Trajectory To Continue
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Calculating The Intrinsic Value Of DNO ASA (OB:DNO)
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Are Investors Undervaluing DNO ASA (OB:DNO) By 21%?
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Shareholder Returns
| DNO | NO Oil and Gas | NO Market | |
|---|---|---|---|
| 7D | 3.7% | 4.6% | -0.8% |
| 1Y | 50.3% | 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
| DNO volatility | |
|---|---|
| DNO Average Weekly Movement | 6.3% |
| Oil and Gas Industry Average Movement | 6.3% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in NO Market | 10.2% |
| 10% least volatile stocks in NO Market | 3.0% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1971 | 1,257 | Bjorn Dale | https://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
| DNO fundamental statistics | |
|---|---|
| Market Cap | US$1.29b |
| Earnings (TTM) | US$78.70m |
| Revenue (TTM) | US$781.80m |
16.4x
P/E Ratio1.6x
P/S RatioIs DNO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DNO income statement (TTM) | |
|---|---|
| Revenue | US$781.80m |
| Cost of Revenue | US$417.10m |
| Gross Profit | US$364.70m |
| Expenses | US$286.00m |
| Earnings | US$78.70m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 10, 2022
| Earnings per share (EPS) | 0.081 |
| Gross Margin | 46.65% |
| Net Profit Margin | 10.07% |
| Debt/Equity Ratio | 94.6% |
How did DNO perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield0.907%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 17:20 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.