OB:NORTH

Stock Analysis Report

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Executive Summary

North Energy ASA does not have significant operations. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NORTH is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NORTH's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

11.8%

NORTH

8.7%

NO Energy Services

3.8%

NO Market


1 Year Return

95.7%

NORTH

-36.5%

NO Energy Services

-0.03%

NO Market

Return vs Industry: NORTH exceeded the Norwegian Energy Services industry which returned -38.9% over the past year.

Return vs Market: NORTH exceeded the Norwegian Market which returned -1.8% over the past year.


Shareholder returns

NORTHIndustryMarket
7 Day11.8%8.7%3.8%
30 Day24.6%45.4%17.2%
90 Day22.9%22.4%8.5%
1 Year95.7%95.7%-33.4%-36.5%3.7%-0.03%
3 Year38.5%15.7%-58.0%-61.1%9.8%-2.6%
5 Year188.5%119.2%-25.5%-47.9%58.9%27.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NORTH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NORTH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NORTH is good value based on its PE Ratio (4.1x) compared to the NO Energy Services industry average (23.7x).

PE vs Market: NORTH is good value based on its PE Ratio (4.1x) compared to the Norwegian market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NORTH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NORTH is overvalued based on its PB Ratio (0.8x) compared to the NO Energy Services industry average (0.5x).


Next Steps

Future Growth

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

69.4%

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 North 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 North Energy performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NORTH has a high level of non-cash earnings.

Growing Profit Margin: NORTH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NORTH has become profitable over the past 5 years, growing earnings by 9.6% per year.

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

Earnings vs Industry: NORTH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-28.6%).


Return on Equity

High ROE: NORTH's Return on Equity (18.9%) is considered low.


Next Steps

Financial Health

How is North Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NORTH's short term assets (NOK253.9M) exceed its short term liabilities (NOK3.0M).

Long Term Liabilities: NORTH's short term assets (NOK253.9M) exceed its long term liabilities (NOK3.1M).


Debt to Equity History and Analysis

Debt Level: NORTH is debt free.

Reducing Debt: NORTH has no debt compared to 5 years ago when its debt to equity ratio was 153.1%.

Debt Coverage: NORTH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NORTH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is North Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NORTH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NORTH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NORTH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NORTH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NORTH's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

6.6yrs

Average board tenure


CEO

Knut Sæberg (61 yo)

6.08yrs

Tenure

kr2,129,000

Compensation

Mr. Knut Sæberg has been the Chief Executive Officer of North Energy AS since October 2014. Mr. Sæberg served as the Acting Chief Executive Officer and Chief Financial Officer of North Energy AS until Octo...


CEO Compensation Analysis

Compensation vs Market: Knut's total compensation ($USD239.92K) is below average for companies of similar size in the Norwegian market ($USD366.87K).

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


Board Members

NamePositionTenureCompensationOwnership
Anders Onarheim
Chairman of the Board6yrskr225.00k19.81%
NOK 52.3m
Jogeir Romestrand
Independent Director6.75yrskr225.00k1.11%
NOK 2.9m
Elin Karfjell
Independent Director6.58yrskr225.00k0.23%
NOK 602.3k

6.6yrs

Average Tenure

59yo

Average Age

Experienced Board: NORTH's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NORTH 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

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


Key Information

  • Name: North Energy ASA
  • Ticker: NORTH
  • Exchange: OB
  • Founded: 2007
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr263.816m
  • Shares outstanding: 117.25m
  • Website: https://www.northenergy.no

Number of Employees


Location

  • North Energy ASA
  • Tjuvholmen allé 3
  • Oslo
  • Oslo
  • 252
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NORTHOB (Oslo Bors)YesOrdinary SharesNONOKFeb 2010
0MD9LSE (London Stock Exchange)YesOrdinary SharesGBNOKFeb 2010
NORTHOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKFeb 2010

Biography

North Energy ASA does not have significant operations. Previously, it was engaged in the exploration, development, and production of oil and gas in the Norwegian continental shelf. The company was founded ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 17:20
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.