Norwegian Air Shuttle ASA

OB:NAS Stock Report

Market Cap: NOK 10.6b

Norwegian Air Shuttle Future Growth

Future criteria checks 2/6

Norwegian Air Shuttle is forecast to grow earnings and revenue by 6.3% and 7.1% per annum respectively. EPS is expected to grow by 1.4% per annum. Return on equity is forecast to be 17.7% in 3 years.

Key information

6.3%

Earnings growth rate

1.4%

EPS growth rate

Airlines earnings growth8.2%
Revenue growth rate7.1%
Future return on equity17.7%
Analyst coverage

Good

Last updated27 Jan 2025

Recent future growth updates

Recent updates

Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors

Jan 14
Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors

Returns On Capital Are Showing Encouraging Signs At Norwegian Air Shuttle (OB:NAS)

Dec 03
Returns On Capital Are Showing Encouraging Signs At Norwegian Air Shuttle (OB:NAS)

Norwegian Air Shuttle (OB:NAS) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Nov 02
Norwegian Air Shuttle (OB:NAS) Is Posting Promising Earnings But The Good News Doesn’t Stop There

An Intrinsic Calculation For Norwegian Air Shuttle ASA (OB:NAS) Suggests It's 50% Undervalued

Oct 24
An Intrinsic Calculation For Norwegian Air Shuttle ASA (OB:NAS) Suggests It's 50% Undervalued

Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?

Sep 11
Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?

Is Now An Opportune Moment To Examine Norwegian Air Shuttle ASA (OB:NAS)?

Aug 01
Is Now An Opportune Moment To Examine Norwegian Air Shuttle ASA (OB:NAS)?

Lacklustre Performance Is Driving Norwegian Air Shuttle ASA's (OB:NAS) 28% Price Drop

Jul 05
Lacklustre Performance Is Driving Norwegian Air Shuttle ASA's (OB:NAS) 28% Price Drop

Should You Be Adding Norwegian Air Shuttle (OB:NAS) To Your Watchlist Today?

Jun 21
Should You Be Adding Norwegian Air Shuttle (OB:NAS) To Your Watchlist Today?

Norwegian Air Shuttle (OB:NAS) Has A Pretty Healthy Balance Sheet

May 30
Norwegian Air Shuttle (OB:NAS) Has A Pretty Healthy Balance Sheet

Need To Know: Analysts Are Much More Bullish On Norwegian Air Shuttle ASA (OB:NAS) Revenues

May 01
Need To Know: Analysts Are Much More Bullish On Norwegian Air Shuttle ASA (OB:NAS) Revenues

Is Now The Time To Look At Buying Norwegian Air Shuttle ASA (OB:NAS)?

Mar 11
Is Now The Time To Look At Buying Norwegian Air Shuttle ASA (OB:NAS)?

Earnings Not Telling The Story For Norwegian Air Shuttle ASA (OB:NAS) After Shares Rise 25%

Feb 07
Earnings Not Telling The Story For Norwegian Air Shuttle ASA (OB:NAS) After Shares Rise 25%

Here's Why We Think Norwegian Air Shuttle (OB:NAS) Might Deserve Your Attention Today

Jan 28
Here's Why We Think Norwegian Air Shuttle (OB:NAS) Might Deserve Your Attention Today

Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors

Dec 23
Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors

Norwegian Air Shuttle's (OB:NAS) Earnings Offer More Than Meets The Eye

Nov 10
Norwegian Air Shuttle's (OB:NAS) Earnings Offer More Than Meets The Eye

These 4 Measures Indicate That Norwegian Air Shuttle (OB:NAS) Is Using Debt Extensively

Oct 24
These 4 Measures Indicate That Norwegian Air Shuttle (OB:NAS) Is Using Debt Extensively

Health Check: How Prudently Does Norwegian Air Shuttle (OB:NAS) Use Debt?

May 22
Health Check: How Prudently Does Norwegian Air Shuttle (OB:NAS) Use Debt?

Norwegian Air Shuttle ASA's (OB:NAS) Shares Leap 29% Yet They're Still Not Telling The Full Story

Feb 23
Norwegian Air Shuttle ASA's (OB:NAS) Shares Leap 29% Yet They're Still Not Telling The Full Story

Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?

Jan 25
Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?

What Does Norwegian Air Shuttle ASA's (OB:NAS) Share Price Indicate?

Dec 13
What Does Norwegian Air Shuttle ASA's (OB:NAS) Share Price Indicate?

Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?

Oct 20
Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?

Is It Time To Consider Buying Norwegian Air Shuttle ASA (OB:NAS)?

Sep 06
Is It Time To Consider Buying Norwegian Air Shuttle ASA (OB:NAS)?

Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?

Jun 28
Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?

Earnings and Revenue Growth Forecasts

OB:NAS - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202742,8491,636N/AN/A1
12/31/202639,3161,8024,1367,8466
12/31/202537,2231,6814,5016,9356
12/31/202435,1281,4316,0567,5856
9/30/202432,8721,5976,2837,464N/A
6/30/202430,0691,6396,6707,563N/A
3/31/202427,6021,7016,0236,726N/A
12/31/202325,5391,6114,6725,258N/A
9/30/202324,1961,3414,0114,376N/A
6/30/202322,6642193,9224,871N/A
3/31/202320,8069432,8733,932N/A
12/31/202218,8699201,5522,426N/A
9/30/202216,2811,1461,7062,487N/A
6/30/202211,2044281,0811,223N/A
3/31/20226,6701,978463478N/A
12/31/20215,0681,839124139N/A
9/30/20213,048-14,869-727-687N/A
6/30/20212,431-16,058-2,453-2,421N/A
3/31/20215,782-21,538-1,960-1,927N/A
12/31/20209,096-23,051-1,423-1,391N/A
9/30/202017,370-8,298-1,655-712N/A
6/30/202030,486-5,6071,7762,719N/A
3/31/202039,099-2,8322,6203,563N/A
12/31/201943,522-1,6152,0953,038N/A
9/30/201944,235-2,7524162,174N/A
6/30/201943,218-3,122-4,824279N/A
3/31/201941,264-2,900-7,751377N/A
12/31/201840,266-1,461-11,294463N/A
9/30/201838,452829-16,801504N/A
6/30/201835,139636N/A1,218N/A
3/31/201832,686-357N/A1,368N/A
12/31/201730,948-1,795N/A2,901N/A
9/30/201729,131-875N/A3,960N/A
6/30/201727,388-991N/A2,612N/A
3/31/201726,245452N/A2,438N/A
12/31/201625,9511,135N/A3,046N/A
9/30/201625,243564N/A2,563N/A
6/30/201624,188405N/A3,277N/A
3/31/201623,417-16N/A3,369N/A
12/31/201522,491246N/A2,357N/A
9/30/201521,775-359N/A1,684N/A
6/30/201520,835-818N/A1,079N/A
3/31/201520,018-1,015N/A180N/A
12/31/201419,540-1,070N/A287N/A
9/30/201418,655-285N/A1,503N/A
6/30/201417,195-223N/A1,851N/A
3/31/201416,164-155N/A2,519N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NAS's forecast earnings growth (6.3% per year) is above the savings rate (2.4%).

Earnings vs Market: NAS's earnings (6.3% per year) are forecast to grow slower than the Norwegian market (9.3% per year).

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

Revenue vs Market: NAS's revenue (7.1% per year) is forecast to grow faster than the Norwegian market (2% per year).

High Growth Revenue: NAS's revenue (7.1% 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 low in 3 years time (17.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 18:21
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Norwegian Air Shuttle ASA is covered by 27 analysts. 7 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
Kenneth SivertsenArctic Securities ASA
Andrew LobbenbergBarclays