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Norske Skog ASAOB:NSKOG Stock Report

Market Cap NOK 3.8b
Share Price
NOK 43.70
NOK 65
32.8% undervalued intrinsic discount
1Y92.5%
7D-3.2%
1D
Portfolio Value
View

Norske Skog ASA

OB:NSKOG Stock Report

Market Cap: NOK 3.8b

NSKOG Community Fair Values

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See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

Norske Skog ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Norske Skog
Historical stock prices
Current Share PriceNOK 43.70
52 Week HighNOK 49.95
52 Week LowNOK 14.12
Beta0.33
1 Month Change-8.67%
3 Month Change80.95%
1 Year Change92.51%
3 Year Change6.59%
5 Year Change25.21%
Change since IPO15.00%

Recent News & Updates

Analysis Article May 03

Norske Skog's (OB:NSKOG) Shareholders May Want To Dig Deeper Than Statutory Profit

Norske Skog ASA ( OB:NSKOG ) just released a solid earnings report, and the stock displayed some strength. Despite...
Narrative Update Apr 28

NSKOG: Saugbrugs Data Centre Development Will Support Future Upside Potential

Analysts have lifted their price target on Norske Skog to NOK 65 from NOK 45, citing updated assumptions for higher revenue growth, a stronger profit margin, a lower discount rate, and a reduced future P/E multiple. What's in the News Norske Skog Saugbrugs and Green Mountain signed a letter of intent to assess the feasibility of building a data centre at the Saugbrugs industrial site in Halden, aimed at providing digital services from the location (Key Developments).

Recent updates

Analysis Article May 03

Norske Skog's (OB:NSKOG) Shareholders May Want To Dig Deeper Than Statutory Profit

Norske Skog ASA ( OB:NSKOG ) just released a solid earnings report, and the stock displayed some strength. Despite...
Narrative Update Apr 28

NSKOG: Saugbrugs Data Centre Development Will Support Future Upside Potential

Analysts have lifted their price target on Norske Skog to NOK 65 from NOK 45, citing updated assumptions for higher revenue growth, a stronger profit margin, a lower discount rate, and a reduced future P/E multiple. What's in the News Norske Skog Saugbrugs and Green Mountain signed a letter of intent to assess the feasibility of building a data centre at the Saugbrugs industrial site in Halden, aimed at providing digital services from the location (Key Developments).
Narrative Update Apr 11

NSKOG: Saugbrugs Data Centre Development Will Drive Future Upside Potential

Analysts have kept their Norske Skog fair value estimate broadly unchanged at NOK 45.0, with the latest price target framed around slightly higher assumed revenue growth, a lower profit margin outlook, a modestly higher discount rate and a much higher future P/E multiple. What's in the News Norske Skog Saugbrugs and Green Mountain signed a letter of intent to assess the feasibility of a data centre at the Saugbrugs industrial site in Halden, targeting digital services for global customers (Key Developments).
Narrative Update Mar 27

NSKOG: Data Centre Zoning Progress Will Support Future Upside Potential

Analysts have raised their price target on Norske Skog from NOK 30 to NOK 45, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and a substantially lower future P/E multiple. What's in the News Norske Skog Saugbrugs and data centre operator Green Mountain signed a letter of intent to assess a potential data centre development at the Saugbrugs industrial site in Halden, focusing on the feasibility of using the area for digital services and infrastructure (Key Developments).
Narrative Update Dec 24

NSKOG: Stable Earnings Outlook Will Support Upside From Current Levels

Analysts have modestly adjusted their price target for Norske Skog to NOK 30.00. This reflects unchanged assumptions on fair value, discount rate, revenue growth, profit margin, and forward valuation multiples, while reaffirming their cautiously optimistic outlook on the company’s earnings trajectory.
Analysis Article Dec 16

Subdued Growth No Barrier To Norske Skog ASA (OB:NSKOG) With Shares Advancing 26%

Norske Skog ASA ( OB:NSKOG ) shareholders are no doubt pleased to see that the share price has bounced 26% in the last...
Narrative Update Dec 09

NSKOG: Stable Margins And Pricing Power Will Support Future Upside Potential

Analysts have modestly reiterated their valuation outlook on Norske Skog, keeping the fair value estimate steady at NOK 30.00 per share. Unchanged assumptions on discount rate, revenue growth, and profit margin continue to underpin their price target rationale.
Narrative Update Nov 25

NSKOG: Improved Net Profit Margins Will Support Undervaluation Narrative

Narrative Update: Analyst Price Target Revision for Norske Skog Analysts have maintained their fair value estimate for Norske Skog at NOK 30.00. This decision is based on minimal changes in core financial assumptions and outlook.
Narrative Update Nov 09

NSKOG: Rising Profit Margins Will Drive Improved Earnings Outlook

Analysts have updated their price target for Norske Skog to NOK 30.00 and have maintained the previous target. They cited a notable improvement in expected profit margin and a lower forward price-to-earnings ratio, despite a moderation in projected revenue growth.
Analysis Article Nov 01

Some Investors May Be Willing To Look Past Norske Skog's (OB:NSKOG) Soft Earnings

Investors were disappointed with the weak earnings posted by Norske Skog ASA ( OB:NSKOG ). However, our analysis...
Narrative Update Oct 26

New Recycled Containerboard Capacity Will Secure Market Position

Analysts have raised their price target for Norske Skog to NOK 30.00 from NOK 24.26, citing stronger revenue growth forecasts and a revised view of long-term profitability. Valuation Changes Fair Value increased from NOK 24.26 to NOK 30.00 Discount Rate has risen slightly from 11.14% to 11.21% Revenue Growth forecast was raised significantly from 21.08% to 29.24% Net Profit Margin decreased notably from 31.53% to 17.01% Future P/E doubled from 52.87x to 103.82x
Analysis Article Apr 29

Norske Skog's (OB:NSKOG) Weak Earnings May Only Reveal A Part Of The Whole Picture

Norske Skog ASA's ( OB:NSKOG ) recent weak earnings report didn't cause a big stock movement. We think that investors...
User avatar
New Narrative Apr 27

New Recycled Containerboard Capacity Will Secure Market Position

Norske Skog's expansion in packaging paper and strategic machine operations will boost market share and revenue growth, especially in Europe.
Analysis Article Apr 17

Positive Sentiment Still Eludes Norske Skog ASA (OB:NSKOG) Following 25% Share Price Slump

Norske Skog ASA ( OB:NSKOG ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article Feb 26

Market Might Still Lack Some Conviction On Norske Skog ASA (OB:NSKOG) Even After 26% Share Price Boost

Norske Skog ASA ( OB:NSKOG ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Feb 10

Analyst Forecasts Just Became More Bearish On Norske Skog ASA (OB:NSKOG)

One thing we could say about the analysts on Norske Skog ASA ( OB:NSKOG ) - they aren't optimistic, having just made a...
Analysis Article Feb 02

Norske Skog (OB:NSKOG) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 19

Market Cool On Norske Skog ASA's (OB:NSKOG) Earnings Pushing Shares 25% Lower

Unfortunately for some shareholders, the Norske Skog ASA ( OB:NSKOG ) share price has dived 25% in the last thirty...
Analysis Article Oct 28

Norske Skog's (OB:NSKOG) Problems Go Beyond Weak Profit

The market wasn't impressed with the soft earnings from Norske Skog ASA ( OB:NSKOG ) recently. We did some further...

Shareholder Returns

NSKOGNO ForestryNO Market
7D-3.2%-0.3%-1.1%
1Y92.5%-9.3%21.9%

Return vs Industry: NSKOG exceeded the Norwegian Forestry industry which returned -9.3% over the past year.

Return vs Market: NSKOG exceeded the Norwegian Market which returned 21.9% over the past year.

Price Volatility

Is NSKOG's price volatile compared to industry and market?
NSKOG volatility
NSKOG Average Weekly Movement7.9%
Forestry Industry Average Movement4.2%
Market Average Movement5.6%
10% most volatile stocks in NO Market11.7%
10% least volatile stocks in NO Market3.3%

Stable Share Price: NSKOG's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: NSKOG's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
19621,650Geir Drangslandwww.norskeskog.com

Norske Skog ASA engages in the production and sale of publication and packaging paper products in Norway, rest of Europe, North America, Asia, South America, Central America, and Africa. It operates through Publication Paper, Packaging Paper, and Other Activities segments. The company offers publication paper products comprising newsprint, uncoated mechanical improved, supercalendered, coated mechanical, magazine paper, and book paper; and packaging papers.

Norske Skog ASA Fundamentals Summary

How do Norske Skog's earnings and revenue compare to its market cap?
NSKOG fundamental statistics
Market capNOK 3.79b
Earnings (TTM)NOK 340.00m
Revenue (TTM)NOK 9.39b
10.9x
P/E Ratio
0.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NSKOG income statement (TTM)
RevenueNOK 9.39b
Cost of RevenueNOK 6.60b
Gross ProfitNOK 2.80b
Other ExpensesNOK 2.46b
EarningsNOK 340.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 14, 2026

Earnings per share (EPS)4.01
Gross Margin29.77%
Net Profit Margin3.62%
Debt/Equity Ratio87.0%

How did NSKOG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/27 19:13
End of Day Share Price 2026/05/27 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Norske Skog ASA is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Johannes GrunseliusDNB Carnegie
Marcus GavelliPareto Securities