Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally.
Reasonable growth potential and fair value.
Share Price & News
How has Norwegian Air Shuttle's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NAS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NAS underperformed the Norwegian Airlines industry which returned -49% over the past year.
Return vs Market: NAS underperformed the Norwegian Market which returned -24.8% over the past year.
Price Volatility Vs. Market
How volatile is Norwegian Air Shuttle's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StHow Did Norwegian Air Shuttle ASA's (OB:NAS) 17% ROE Fare Against The Industry?
1 year ago | Simply Wall StShould You Buy Norwegian Air Shuttle ASA (OB:NAS)?
1 year ago | Simply Wall StNorwegian Air Shuttle ASA (OB:NAS): How Does It Impact Your Portfolio?
Is Norwegian Air Shuttle undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NAS (NOK8.3) is trading below our estimate of fair value (NOK306.51)
Significantly Below Fair Value: NAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NAS is unprofitable, so we can't compare its PE Ratio to the Airlines industry average.
PE vs Market: NAS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NAS is good value based on its PB Ratio (0.3x) compared to the XE Airlines industry average (0.7x).
How is Norwegian Air Shuttle forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NAS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).
Earnings vs Market: NAS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NAS's is expected to become profitable in the next 3 years.
Revenue vs Market: NAS's revenue (1.6% per year) is forecast to grow slower than the Norwegian market (2.8% per year).
High Growth Revenue: NAS's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NAS's Return on Equity is forecast to be high in 3 years time (30.9%)
How has Norwegian Air Shuttle performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAS is currently unprofitable.
Growing Profit Margin: NAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NAS is unprofitable, and losses have increased over the past 5 years at a rate of -33.7% per year.
Accelerating Growth: Unable to compare NAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAS is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-17%).
Return on Equity
High ROE: NAS has a negative Return on Equity (-39.01%), as it is currently unprofitable.
How is Norwegian Air Shuttle's financial position?
Financial Position Analysis
Short Term Liabilities: NAS's short term assets (NOK14.6B) do not cover its short term liabilities (NOK24.0B).
Long Term Liabilities: NAS's short term assets (NOK14.6B) do not cover its long term liabilities (NOK57.2B).
Debt to Equity History and Analysis
Debt Level: NAS's debt to equity ratio (657.1%) is considered high.
Reducing Debt: NAS's debt to equity ratio has increased from 631.1% to 657.1% over the past 5 years.
Inventory Level: NAS has a high level of physical assets or inventory.
Debt Coverage by Assets: NAS's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NAS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NAS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -15.8% per year.
What is Norwegian Air Shuttle's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NAS'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 NAS'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 management tenure
Jacob Schram (57yo)
Mr. Jacob Schram is the Chief Executive Officer of Norwegian Air Shuttle ASA since January 1, 2020. He has previously held managing roles in Circle K, Statoil Fuel & Retail, McDonald's Corp. (MCD) and McKi ...
|Deputy CEO & CFO||2yrs||kr2.61m||no data|
|Chief Operating Officer||1.25yrs||kr2.33m||no data|
|Chief Legal Officer||7.17yrs||kr2.23m||no data|
|Chief Communications Officer||11.25yrs||kr2.21m||0.00061% NOK8.3k|
|Advisor To Chairman||0.75yr||kr3.02m||12.74% NOK172.9m|
|Executive Vice President for Operational Development||no data||kr3.30m||no data|
|Chief Customer & Digital Officer||1.17yrs||no data||no data|
|Executive VP of Loyalty & MD of Norwegian Reward||no data||kr2.20m||0.00086% NOK11.7k|
|Chief Executive Officer||0.25yr||no data||no data|
|Investor Relations Officer||no data||no data||no data|
Experienced Management: NAS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Chair of the Board||0.92yr||no data||0.031% NOK415.0k|
|Deputy Chair||no data||kr300.00k||0.0046% NOK62.3k|
|Independent Director||0.92yr||no data||0.0042% NOK57.0k|
|Independent Director||1.92yrs||no data||0.0095% NOK129.2k|
|Independent Director||5.25yrs||kr275.00k||0.0046% NOK62.4k|
|Employee Representative Independent Director||3.58yrs||kr88.00k||no data|
|Deputy Board Member||3.58yrs||no data||0.00031% NOK4.2k|
|Deputy Board Member||3.58yrs||no data||no data|
|Employee Representative Director||1.17yrs||kr12.00k||no data|
|Employee Representative Director||1.17yrs||no data||0.00066% NOK9.0k|
Experienced Board: NAS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NAS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 201%.
Norwegian Air Shuttle ASA's company bio, employee growth, exchange listings and data sources
- Name: Norwegian Air Shuttle ASA
- Ticker: NAS
- Exchange: OB
- Founded: 1993
- Industry: Airlines
- Sector: Transportation
- Market Cap: kr1.358b
- Shares outstanding: 163.56m
- Website: https://www.norwegian.com
Number of Employees
- Norwegian Air Shuttle ASA
- Oksenøyveien 3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NAS||OB (Oslo Bors)||Yes||Class A Common Shares||NO||NOK||Dec 2003|
|NWC||DB (Deutsche Boerse AG)||Yes||Class A Common Shares||DE||EUR||Dec 2003|
|0FGH||LSE (London Stock Exchange)||Yes||Class A Common Shares||GB||NOK||Dec 2003|
|NWAR.F||OTCPK (Pink Sheets LLC)||Yes||Class A Common Shares||US||USD||Dec 2003|
|NASO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Common Shares||GB||NOK||Dec 2003|
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. As of December 31, 2018, the company operated a fleet of 195 owned and leased aircrafts in approximately 500 routes to 150 destinations across Europe into North Africa, the Middle East, North America, the Caribbean, South America, and South-East Asia. It is also involved in aircraft financing, leasing, and ownership activities; the commercial cargo activities; and provision of crew, airline operative support, administrative, and ground handling services, as well as holiday packages through Web booking portal. The company was founded in 1993 and is headquartered in Bærum, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 23:17|
|End of Day Share Price||2020/04/03 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.