North Energy ASA does not have significant operations. More Details
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.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
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.
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
1 month ago | Simply Wall StInsider Buying: Rachid Bendriss Just Spent kr2.3m On North Energy ASA (OB:NORTH) Shares
2 months ago | Simply Wall StTrade Alert: Rachid Bendriss At North Energy ASA (OB:NORTH), Has Just Spent kr688k Buying 4.7% More Shares
3 months ago | Simply Wall StHere's Why We're Not At All Concerned With North Energy's (OB:NORTH) Cash Burn Situation
Is North Energy undervalued compared to its fair value and its price relative to the market?
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).
How is North Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine North Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- North Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has North Energy performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Knut Sæberg (61 yo)
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.
|Chairman of the Board||6yrs||kr225.00k||19.81% |
|Independent Director||6.75yrs||kr225.00k||1.11% |
|Independent Director||6.58yrs||kr225.00k||0.23% |
Experienced Board: NORTH's board of directors are considered experienced (6.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
North Energy ASA's company bio, employee growth, exchange listings and data sources
- 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
- North Energy ASA
- Tjuvholmen allé 3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NORTH||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Feb 2010|
|0MD9||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Feb 2010|
|NORTHO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Feb 2010|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 17:20|
|End of Day Share Price||2020/11/27 00:00|
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.