Norse Atlantic Valuation

Is NORSE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NORSE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NORSE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NORSE's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NORSE?

Key metric: As NORSE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NORSE. This is calculated by dividing NORSE's market cap by their current revenue.
What is NORSE's PS Ratio?
PS Ratio	0.08x
Sales	US$542.58m
Market Cap	US$43.10m

NORSE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	-7.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does NORSE's PS Ratio compare to its peers?

The above table shows the PS ratio for NORSE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.3x
NAS Norwegian Air Shuttle	0.3x	6.8%	NOK 10.4b
WEST Western Bulk Chartering	0.04x	-109.0%	NOK 539.6m
JIN Jinhui Shipping and Transportation	0.6x	n/a	NOK 714.6m
REX Regional Express Holdings	0.1x	n/a	AU$64.5m
NORSE Norse Atlantic	0.08x	n/a	NOK 477.5m

Price-To-Sales vs Peers: NORSE is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does NORSE's PS Ratio compare vs other companies in the European Airlines Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.6x	5.4%
NORSE Norse Atlantic	0.08x	n/a	US$43.10m

6 Companies		Estimated Growth	Market Cap
Industry Avg.	0.6x	9.3%
NORSE Norse Atlantic	0.08x	n/a	US$43.10m

No more companies

Price-To-Sales vs Industry: NORSE is good value based on its Price-To-Sales Ratio (0.1x) compared to the Global Airlines industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is NORSE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NORSE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.08x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NORSE's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.