OB:NTS

Stock Analysis Report

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Executive Summary

NTS ASA, an integrated aquaculture company, engages in the aquaculture, well-boat, sea transport, and service boat businesses in Norway. More Details


Snowflake Analysis

Good value with proven track record.

Share Price & News

How has NTS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NTS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.7%

NTS

-0.8%

NO Shipping

-0.3%

NO Market


1 Year Return

29.2%

NTS

-18.6%

NO Shipping

-6.4%

NO Market

Return vs Industry: NTS exceeded the Norwegian Shipping industry which returned -18.6% over the past year.

Return vs Market: NTS exceeded the Norwegian Market which returned -6.4% over the past year.


Shareholder returns

NTSIndustryMarket
7 Day4.7%-0.8%-0.3%
30 Day8.4%4.0%-0.05%
90 Day9.9%6.4%2.1%
1 Year31.1%29.2%-10.8%-18.6%-3.2%-6.4%
3 Year79.7%72.6%-30.6%-42.0%2.9%-8.7%
5 Yearn/a-14.9%-24.7%43.9%14.5%

Price Volatility Vs. Market

How volatile is NTS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NTS undervalued compared to its fair value and its price relative to the market?

37.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTS (NOK77.5) is trading below our estimate of fair value (NOK123.79)

Significantly Below Fair Value: NTS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NTS's PE Ratio (13.8x) is in line with the NO Shipping industry average.

PE vs Market: NTS is good value based on its PE Ratio (13.8x) compared to the Norwegian market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: NTS is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: NTS is overvalued based on its PB Ratio (1.7x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

How is NTS forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTS's forecast earnings growth (14.2% per year) is above the savings rate (1.6%).

Earnings vs Market: NTS's earnings (14.2% per year) are forecast to grow slower than the Norwegian market (33.1% per year).

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

Revenue vs Market: NTS's revenue (28.7% per year) is forecast to grow faster than the Norwegian market (5.4% per year).

High Growth Revenue: NTS's revenue (28.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTS's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has NTS performed over the past 5 years?

28.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTS has a large one-off gain of NOK313.1M impacting its June 30 2020 financial results.

Growing Profit Margin: NTS's current net profit margins (29%) are higher than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: NTS's earnings have grown significantly by 28.2% per year over the past 5 years.

Accelerating Growth: NTS's earnings growth over the past year (35%) exceeds its 5-year average (28.2% per year).

Earnings vs Industry: NTS earnings growth over the past year (35%) exceeded the Shipping industry -13.1%.


Return on Equity

High ROE: NTS's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is NTS's financial position?


Financial Position Analysis

Short Term Liabilities: NTS's short term assets (NOK3.3B) exceed its short term liabilities (NOK2.0B).

Long Term Liabilities: NTS's short term assets (NOK3.3B) do not cover its long term liabilities (NOK3.4B).


Debt to Equity History and Analysis

Debt Level: NTS's debt to equity ratio (56.7%) is considered high.

Reducing Debt: Insufficient data to determine if NTS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NTS's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: NTS's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

What is NTS current dividend yield, its reliability and sustainability?

1.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NTS's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.52%).

High Dividend: NTS's dividend (1.29%) is low compared to the top 25% of dividend payers in the Norwegian market (6.55%).


Stability and Growth of Payments

Stable Dividend: NTS is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.

Growing Dividend: NTS is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NTS is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NTS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average board tenure


CEO

Harry Bøe

no data

Tenure

kr1,965,000

Compensation

Mr. Harry Bøe served as Chief Executive Officer at NTS ASA. Mr. Bøe serves as an ADM. Manager at Norsk Fisketransport AS.


CEO Compensation Analysis

Compensation vs Market: Harry's total compensation ($USD211.96K) is below average for companies of similar size in the Norwegian market ($USD558.16K).

Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Helge Gåsø
Director0.75yrno datano data
Odd Øie
Directorno datakr150.00k0.20%
NOK 18.3m
Grete Brovoll
Directorno datakr150.00kno data
Hege Skillingstad
Directorno datakr150.00kno data
Nils Williksen
Chairman of the Board0.75yrkr150.00kno data
Solvår Hardesty
Directorno datakr150.00kno data
Jorunn Dolmen
Directorno datakr150.00kno data
Anders Gåsø
Director0.75yrno datano data

0.8yrs

Average Tenure

Experienced Board: NTS's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.9%.


Top Shareholders

Company Information

NTS ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NTS ASA
  • Ticker: NTS
  • Exchange: OB
  • Founded: 1879
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr9.244b
  • Shares outstanding: 119.27m
  • Website: https://www.ntsasa.no

Location

  • NTS ASA
  • Sentrumsgata 6
  • Kolvereid
  • Nord-Trøndelag
  • 7970
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTSOB (Oslo Bors)YesShare CapitalNONOKJun 2017
NTSOBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBNOKJun 2017
0JFPLSE (London Stock Exchange)YesShare CapitalGBNOKJun 2017

Biography

NTS ASA, an integrated aquaculture company, engages in the aquaculture, well-boat, sea transport, and service boat businesses in Norway. The company produces salmon; provides well-boat shipping services; a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 20:37
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.