Norske Skog Future Growth
Future criteria checks 1/6
Norske Skog's earnings are forecast to decline at 0.5% per annum while its annual revenue is expected to grow at 11.7% per year. EPS is expected to decline by 0.5% per annum. Return on equity is forecast to be 4.6% in 3 years.
Key information
-0.5%
Earnings growth rate
-0.52%
EPS growth rate
| Forestry earnings growth | 19.6% |
| Revenue growth rate | 11.7% |
| Future return on equity | 4.61% |
| Analyst coverage | Low |
| Last updated | 09 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 01
NSKOG: Saugbrugs Data Centre Development Will Support Future Upside Potential
Analysts have left their NOK price target for Norske Skog broadly unchanged at NOK 65.0, with only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E supporting the updated view. Valuation Changes Fair Value: NOK 65.0 is unchanged, with only minor model refinements behind the update.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 103.82xAnalysis 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...
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...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 13,390 | 492 | N/A | N/A | 2 |
| 12/31/2027 | 12,761 | 280 | N/A | N/A | 2 |
| 12/31/2026 | 11,685 | 700 | N/A | N/A | 2 |
| 3/31/2026 | 9,394 | 340 | -577 | 92 | N/A |
| 12/31/2025 | 9,445 | 441 | -755 | 227 | N/A |
| 9/30/2025 | 9,462 | 122 | -1,212 | 93 | N/A |
| 6/30/2025 | 9,556 | -180 | -1,493 | -89 | N/A |
| 3/31/2025 | 9,550 | 14 | -1,710 | -118 | N/A |
| 12/31/2024 | 9,234 | -661 | -1,573 | -15 | N/A |
| 9/30/2024 | 7,704 | 430 | -967 | 929 | N/A |
| 6/30/2024 | 7,974 | 705 | -1,225 | 1,374 | N/A |
| 3/31/2024 | 8,834 | 477 | -1,423 | 1,429 | N/A |
| 12/31/2023 | 9,891 | 535 | -1,156 | 1,928 | N/A |
| 9/30/2023 | 12,781 | 1,064 | -1,464 | 1,701 | N/A |
| 6/30/2023 | 13,679 | 919 | -512 | 2,154 | N/A |
| 3/31/2023 | 14,382 | 1,808 | -133 | 2,274 | N/A |
| 12/31/2022 | 14,537 | 2,572 | -188 | 2,040 | N/A |
| 9/30/2022 | 13,669 | 1,907 | -61 | 1,612 | N/A |
| 6/30/2022 | 12,659 | 1,316 | -614 | 887 | N/A |
| 3/31/2022 | 11,021 | 26 | -999 | 224 | N/A |
| 12/31/2021 | 9,849 | -363 | -830 | 191 | N/A |
| 9/30/2021 | 9,270 | -2,125 | -992 | -53 | N/A |
| 6/30/2021 | 8,912 | -1,612 | -591 | 161 | N/A |
| 3/31/2021 | 8,742 | -1,316 | -479 | 242 | N/A |
| 12/31/2020 | 9,173 | -1,884 | -83 | 549 | N/A |
| 9/30/2020 | 9,793 | -680 | -123 | 397 | N/A |
| 6/30/2020 | 10,645 | 427 | -11 | 432 | N/A |
| 3/31/2020 | 11,789 | 1,517 | 375 | 767 | N/A |
| 12/31/2019 | 12,200 | 2,044 | N/A | 602 | N/A |
| 9/30/2019 | 12,501 | 2,511 | N/A | 986 | N/A |
| 6/30/2019 | 12,706 | 2,499 | N/A | 948 | N/A |
| 3/31/2019 | 12,487 | 1,573 | N/A | 954 | N/A |
| 12/31/2018 | 12,428 | 1,525 | N/A | 881 | N/A |
| 12/31/2017 | 11,527 | -3,551 | N/A | 404 | N/A |
| 12/31/2016 | 11,852 | -972 | N/A | 514 | N/A |
| 12/31/2015 | 9,540 | -1,130 | N/A | 125 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NSKOG's earnings are forecast to decline over the next 3 years (-0.5% per year).
Earnings vs Market: NSKOG's earnings are forecast to decline over the next 3 years (-0.5% per year).
High Growth Earnings: NSKOG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NSKOG's revenue (11.7% per year) is forecast to grow faster than the Norwegian market (2.2% per year).
High Growth Revenue: NSKOG's revenue (11.7% 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 (4.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 12:47 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Johannes Grunselius | DNB Carnegie |
| Marcus Gavelli | Pareto Securities |