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NSKO

Norske Skog OB:NSKOG Stock Report

Last Price

kr58.25

Market Cap

kr5.5b

7D

12.0%

1Y

67.9%

Updated

28 May, 2022

Data

Company Financials +
NSKOG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends0/6

NSKOG Stock Overview

Norske Skog ASA produces and sells newsprint and magazine papers.

Norske Skog Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Norske Skog
Historical stock prices
Current Share Pricekr58.25
52 Week Highkr58.30
52 Week Lowkr29.15
Beta0.38
1 Month Change20.10%
3 Month Change16.97%
1 Year Change67.87%
3 Year Changen/a
5 Year Changen/a
Change since IPO53.29%

Recent News & Updates

Shareholder Returns

NSKOGNO ForestryNO Market
7D12.0%3.3%3.1%
1Y67.9%13.7%14.8%

Return vs Industry: NSKOG exceeded the Norwegian Forestry industry which returned 13.7% over the past year.

Return vs Market: NSKOG exceeded the Norwegian Market which returned 14.8% over the past year.

Price Volatility

Is NSKOG's price volatile compared to industry and market?
NSKOG volatility
NSKOG Average Weekly Movement6.3%
Forestry Industry Average Movement5.7%
Market Average Movement7.4%
10% most volatile stocks in NO Market13.0%
10% least volatile stocks in NO Market4.1%

Stable Share Price: NSKOG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NSKOG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19622,100Sven Ombudstvedthttps://www.norskeskog.com

Norske Skog ASA produces and sells newsprint and magazine papers. It operates in two segments, Publication Paper Europe, and Publication Paper Australasia. The company offers standard newsprint and other paper qualities; and magazine paper comprising super calendared and lightweight coated paper.

Norske Skog Fundamentals Summary

How do Norske Skog's earnings and revenue compare to its market cap?
NSKOG fundamental statistics
Market Capkr5.49b
Earnings (TTM)kr26.00m
Revenue (TTM)kr11.02b

211.2x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NSKOG income statement (TTM)
Revenuekr11.02b
Cost of Revenuekr7.25b
Gross Profitkr3.78b
Other Expenseskr3.75b
Earningskr26.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 15, 2022

Earnings per share (EPS)0.28
Gross Margin34.25%
Net Profit Margin0.24%
Debt/Equity Ratio71.0%

How did NSKOG perform over the long term?

See historical performance and comparison

Valuation

Is Norske Skog undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


27.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NSKOG (NOK58.25) is trading below our estimate of fair value (NOK80.07)

Significantly Below Fair Value: NSKOG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NSKOG is poor value based on its Price-To-Earnings Ratio (211.2x) compared to the European Forestry industry average (11x).

PE vs Market: NSKOG is poor value based on its Price-To-Earnings Ratio (211.2x) compared to the Norwegian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: NSKOG is poor value based on its PEG Ratio (96.9x)


Price to Book Ratio

PB vs Industry: NSKOG's Price-To-Book Ratio (1.5x) is in line with the XE Forestry industry average.


Future Growth

How is Norske Skog forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NSKOG's forecast earnings growth (2.2% per year) is above the savings rate (1.1%).

Earnings vs Market: NSKOG's earnings (2.2% per year) are forecast to grow faster than the Norwegian market (-0.2% per year).

High Growth Earnings: NSKOG's earnings are forecast to grow, but not significantly.

Revenue vs Market: NSKOG's revenue (0.4% per year) is forecast to grow slower than the Norwegian market (0.8% per year).

High Growth Revenue: NSKOG's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NSKOG's Return on Equity is forecast to be low in 3 years time (12.7%).


Past Performance

How has Norske Skog performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.6%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: NSKOG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NSKOG has become profitable over the past 5 years, growing earnings by -24.6% per year.

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

Earnings vs Industry: NSKOG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (94.4%).


Return on Equity

High ROE: NSKOG's Return on Equity (0.7%) is considered low.


Financial Health

How is Norske Skog's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NSKOG's short term assets (NOK5.5B) exceed its short term liabilities (NOK2.8B).

Long Term Liabilities: NSKOG's short term assets (NOK5.5B) exceed its long term liabilities (NOK3.5B).


Debt to Equity History and Analysis

Debt Level: NSKOG's net debt to equity ratio (25.2%) is considered satisfactory.

Reducing Debt: NSKOG's debt to equity ratio has reduced from 461.1% to 71% over the past 5 years.

Debt Coverage: NSKOG's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: NSKOG's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Dividend

What is Norske Skog current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate NSKOG'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 NSKOG's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: NSKOG is not paying a notable dividend for the Norwegian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NSKOG has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

Sven Ombudstvedt (55 yo)

3.17yrs

Tenure

kr7,240,000

Compensation

Mr. Sven Ombudstvedt serves as Chief Executive Officer of Norske Skog ASA since July 1, 2019 and serves as its President. He served as an Acting CEO at Norske Skog ASA from March 28, 2019 to July 1, 2019....


CEO Compensation Analysis

Compensation vs Market: Sven's total compensation ($USD763.32K) is about average for companies of similar size in the Norwegian market ($USD606.90K).

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


Leadership Team

Experienced Management: NSKOG's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: NSKOG's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: NSKOG 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

Norske Skog ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Norske Skog ASA
  • Ticker: NSKOG
  • Exchange: OB
  • Founded: 1962
  • Industry: Paper Products
  • Sector: Materials
  • Implied Market Cap: kr5.491b
  • Shares outstanding: 94.26m
  • Website: https://www.norskeskog.com

Number of Employees


Location

  • Norske Skog ASA
  • PO Box 294 Skøyen
  • Oslo
  • Oslo
  • 213
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.