company background image
NORSE logo

Norse Atlantic OB:NORSE Stock Report

Last Price

NOK 3.70

Market Cap

NOK 475.5m

7D

-5.9%

1Y

-70.9%

Updated

22 Dec, 2024

Data

Company Financials

Norse Atlantic ASA

OB:NORSE Stock Report

Market Cap: NOK 475.5m

NORSE Stock Overview

Provides long-haul airline services. More details

NORSE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Revenue grew by 43.1% over the past year

Risk Analysis

Negative shareholders equity

Highly volatile share price over the past 3 months compared to the Norwegian market

Shareholders have been diluted in the past year

Does not have a meaningful market cap (NOK476M)


My Notes

Capture your thoughts, links and company narrative

Norse Atlantic ASA Competitors

Norwegian Air Shuttle

OB:NAS

NOK 10.5b

Surf Air Mobility

NYSE:SRFM

US$51.3m

AirAsia Indonesia

IDX:CMPP

Rp694.5b

Western Bulk Chartering

OB:WEST

NOK 410.2m

Price History & Performance

Summary of share price highs, lows and changes for Norse Atlantic
Historical stock prices
Current Share PriceNOK 3.70
52 Week HighNOK 13.87
52 Week LowNOK 1.50
Beta-0.14
1 Month Change-0.40%
3 Month Change92.71%
1 Year Change-70.87%
3 Year Change-93.71%
5 Year Changen/a
Change since IPO-95.62%

Recent News & Updates

Recent updates

Here's Why We're Not At All Concerned With Norse Atlantic's (OB:NORSE) Cash Burn Situation

Jun 08
Here's Why We're Not At All Concerned With Norse Atlantic's (OB:NORSE) Cash Burn Situation

Norse Atlantic (OB:NORSE) Will Have To Spend Its Cash Wisely

Sep 28
Norse Atlantic (OB:NORSE) Will Have To Spend Its Cash Wisely

Is Norse Atlantic (OB:NORSE) In A Good Position To Deliver On Growth Plans?

Jan 21
Is Norse Atlantic (OB:NORSE) In A Good Position To Deliver On Growth Plans?

We're Not Very Worried About Norse Atlantic's (OB:NORSE) Cash Burn Rate

Sep 02
We're Not Very Worried About Norse Atlantic's (OB:NORSE) Cash Burn Rate

Companies Like Norse Atlantic (OB:NORSE) Are In A Position To Invest In Growth

Mar 07
Companies Like Norse Atlantic (OB:NORSE) Are In A Position To Invest In Growth

Shareholder Returns

NORSENO AirlinesNO Market
7D-5.9%-1.1%-2.8%
1Y-70.9%8.5%-0.8%

Return vs Industry: NORSE underperformed the Norwegian Airlines industry which returned 8.5% over the past year.

Return vs Market: NORSE underperformed the Norwegian Market which returned -0.8% over the past year.

Price Volatility

Is NORSE's price volatile compared to industry and market?
NORSE volatility
NORSE Average Weekly Movement18.7%
Airlines Industry Average Movement4.3%
Market Average Movement5.0%
10% most volatile stocks in NO Market10.9%
10% least volatile stocks in NO Market2.6%

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

Volatility Over Time: NORSE's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20211,191Bjorn Larsenwww.flynorse.com

Norse Atlantic ASA provides long-haul airline services. It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, London, and Oslo. The company was incorporated in 2021 and is headquartered in Arendal, Norway.

Norse Atlantic ASA Fundamentals Summary

How do Norse Atlantic's earnings and revenue compare to its market cap?
NORSE fundamental statistics
Market capNOK 475.54m
Earnings (TTM)-NOK 1.87b
Revenue (TTM)NOK 6.34b

0.1x

P/S Ratio

-0.3x

P/E Ratio

Is NORSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NORSE income statement (TTM)
RevenueUS$559.77m
Cost of RevenueUS$509.18m
Gross ProfitUS$50.59m
Other ExpensesUS$215.91m
Earnings-US$165.32m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 26, 2025

Earnings per share (EPS)-1.29
Gross Margin9.04%
Net Profit Margin-29.53%
Debt/Equity Ratio-11.5%

How did NORSE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:48
End of Day Share Price 2024/12/20 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

Norse Atlantic ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution