OB:NOR

Stock Analysis Report

Norwegian Energy

Executive Summary

Norwegian Energy Company ASA, an independent oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources on the Norwegian, Danish, and United Kingdom continental shelves.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Risks

  • Norwegian Energy has significant price volatility in the past 3 months.
  • Norwegian Energy is not covered by any analysts.

Share Price & News

How has Norwegian Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

OB:NOR

3.1%

NO Oil and Gas

1.5%

NO Market


1 Year Return

50.7%

OB:NOR

-27.8%

NO Oil and Gas

-14.8%

NO Market

NOR outperformed the Oil and Gas industry which returned -27.8% over the past year.

NOR outperformed the Market in Norway which returned -14.8% over the past year.


Share holder returns

NORIndustryMarket
7 Day0.2%3.1%1.5%
30 Day-22.1%-6.4%-3.8%
90 Day-16.3%-10.6%-5.3%
1 Year50.7%50.7%-24.3%-27.8%-10.0%-14.8%
3 Year172.3%172.3%38.2%21.2%38.1%19.9%
5 Year-83.9%-83.9%17.7%-6.8%38.6%6.9%

Price Volatility Vs. Market

How volatile is Norwegian Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Norwegian Energy undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Norwegian Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Norwegian Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of NOR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Norwegian Energy regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Norwegian Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Norwegian Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Norwegian Energy performed over the past 5 years?

-21.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Norwegian Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Norwegian Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Norwegian Energy's 1-year growth to the NO Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Norwegian Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Norwegian Energy has efficiently used its assets last year compared to the NO Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Norwegian Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Norwegian Energy's financial position?


Financial Position Analysis

Norwegian Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Norwegian Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Norwegian Energy has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Norwegian Energy's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Norwegian Energy has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Norwegian Energy has less than a year of cash runway based on current free cash flow.

Norwegian Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 27.5% each year.


Next Steps

Dividend

What is Norwegian Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Norwegian Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Norwegian Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Norwegian Energy has not reported any payouts.

Unable to verify if Norwegian Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Norwegian Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Norwegian Energy's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average board tenure


CEO

Frederik Rustad 0

1.3yrs

Tenure

kr2,624,240

Compensation

Mr. Frederik Rustad serves as Managing Director at Norwegian Energy Company ASA since April 03, 2018. 


CEO Compensation Analysis

Frederik's remuneration is lower than average for companies of similar size in Norway.

Insufficient data for Frederik to compare compensation growth.


Board Age and Tenure

3.3yrs

Average Tenure

55.5yo

Average Age

The tenure for the Norwegian Energy board of directors is about average.


Insider Trading

More shares have been bought than sold by Norwegian Energy individual insiders in the past 3 months.


Recent Insider Transactions

Buykr1,003,81023 Aug 19
Marianne Lie
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,426
Max Pricekr185.00
Buykr925,00021 Aug 19
Tone Omsted
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max Pricekr185.00
Buykr12,249,03516 Aug 19
Riulf Rustad
EntityIndividual
Role
Chairman of the Board
Chairman
Shares66,211
Max Pricekr185.00
Buykr366,67016 Aug 19
Lars Purlund
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,982
Max Pricekr185.00

Ownership Breakdown


Management Team

  • Olav Haugland (53yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Sjur Talstad (57yo)

    Chief Operating Officer

    • Tenure: 0.0yrs
    • Compensation: kr4.06m
  • Silje Hellestad

    Group Accounting Manager

    • Tenure: 0.0yrs
    • Compensation: kr1.45m
  • Frederik Rustad

    Managing Director

    • Tenure: 1.3yrs
    • Compensation: kr2.62m

Board Members

  • John Madden (46yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: kr300.00k
  • Riulf Rustad (57yo)

    Chairman

    • Tenure: 3.6yrs
    • Compensation: kr450.00k
  • Marianne Lie (57yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: kr300.00k
  • Tone Omsted

    Director

    • Tenure: 3.3yrs
    • Compensation: kr300.00k
  • Lars Purlund (54yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: kr300.00k

Company Information

Norwegian Energy Company ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Norwegian Energy Company ASA
  • Ticker: NOR
  • Exchange: OB
  • Founded: 2005
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr4.786b
  • Shares outstanding: 21.18m
  • Website: https://www.noreco.com

Number of Employees


Location

  • Norwegian Energy Company ASA
  • Nedre Vollgate 1
  • Oslo
  • Oslo
  • 158
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOROB (Oslo Bors)YesOrdinary SharesNONOKJul 2007
CJ1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
0HTFLSE (London Stock Exchange)YesOrdinary SharesGBNOKJul 2007
NOROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJul 2007

Biography

Norwegian Energy Company ASA, an independent oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources on the Norwegian, Danish, and United Kingdom continental s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 21:28
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.