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NTS

OB:NTS
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NTS
OB
NOK5B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

NTS ASA, an integrated aquaculture company, engages in the aquaculture, well-boat, sea transport, and service boat businesses in Norway. The last earnings update was 49 days ago. More info.


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NTS Share Price and Events
7 Day Returns
1.6%
OB:NTS
2.4%
NO Shipping
-5.3%
NO Market
1 Year Returns
22.8%
OB:NTS
-22.7%
NO Shipping
-21.1%
NO Market
NTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NTS (NTS) 1.6% 5.1% 5.1% 22.8% - -
NO Shipping 2.4% -4.6% -9.3% -22.7% 7% -41%
NO Market -5.3% -8.4% -14.4% -21.1% 29.8% 9.7%
1 Year Return vs Industry and Market
  • NTS outperformed the Shipping industry which returned -22.7% over the past year.
  • NTS outperformed the Market in Norway which returned -21.1% over the past year.
Price Volatility
NTS
Industry
5yr Volatility vs Market

NTS Value

 Is NTS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NTS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NTS.

OB:NTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:NTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.688 (1 + (1- 23%) (50.82%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.971 * 5.96%)
7.55%

Discounted Cash Flow Calculation for OB:NTS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NTS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:NTS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 7.55%)
2019 118.00 Analyst x1 109.72
2020 12.20 Analyst x1 10.55
2021 350.00 Analyst x1 281.35
2022 440.00 Analyst x1 328.87
2023 361.00 Analyst x1 250.88
2024 313.03 Est @ -13.29% 202.27
2025 285.56 Est @ -8.77% 171.57
2026 269.53 Est @ -5.61% 150.57
2027 260.36 Est @ -3.4% 135.24
2028 255.54 Est @ -1.85% 123.42
Present value of next 10 years cash flows NOK1,764.45
OB:NTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK255.54 × (1 + 1.76%) ÷ (7.55% – 1.76%)
NOK4,491.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK4,491.72 ÷ (1 + 7.55%)10
NOK2,169.41
OB:NTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,764.45 + NOK2,169.41
NOK3,933.86
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK3,933.86 / 72.76
NOK54.07
OB:NTS Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK54.07
Current discount Discount to share price of NOK62.00
= -1 x (NOK62.00 - NOK54.07) / NOK54.07
-14.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of NTS is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NTS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NTS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:NTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK6.15
OB:NTS Share Price ** OB (2019-06-26) in NOK NOK62
Norway Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 10.81x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NTS.

OB:NTS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:NTS Share Price ÷ EPS (both in NOK)

= 62 ÷ 6.15

10.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NTS is good value based on earnings compared to the NO Shipping industry average.
  • NTS is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does NTS's expected growth come at a high price?
Raw Data
OB:NTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9%per year
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.66x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

OB:NTS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.08x ÷ 9%

1.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NTS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NTS's assets?
Raw Data
OB:NTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK34.34
OB:NTS Share Price * OB (2019-06-26) in NOK NOK62
Norway Shipping Industry PB Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.58x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.1x
OB:NTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:NTS Share Price ÷ Book Value per Share (both in NOK)

= 62 ÷ 34.34

1.81x

* Primary Listing of NTS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NTS is overvalued based on assets compared to the NO Shipping industry average.
X
Value checks
We assess NTS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. NTS has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NTS Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NTS expected to grow at an attractive rate?
  • NTS's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • NTS's earnings growth is positive but not above the Norway market average.
  • NTS's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:NTS Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:NTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9%
OB:NTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11%
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 39.5%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:NTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:NTS Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2,310 534 536 3
2020-12-31 1,964 528 467 3
2019-12-31 1,962 565 408 1
OB:NTS Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 1,670 342 448
2018-12-31 1,422 180 455
2018-09-30 1,342 316 351
2018-06-30 1,315 565 337
2018-03-31 1,280 451 273
2017-12-31 1,108 485 227
2017-09-30 947 396 216
2017-06-30 722 350 160
2017-03-31 507 185 85
2016-12-31 519 112 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NTS's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • NTS's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:NTS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from NTS Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NTS Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.37 8.18 6.11 3.00
2020-12-31 6.42 6.92 5.80 3.00
2019-12-31 5.61 5.61 5.61 1.00
OB:NTS Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31 6.15
2018-12-31 6.25
2018-09-30 4.82
2018-06-30 4.63
2018-03-31 3.75
2017-12-31 3.11
2017-09-30 3.56
2017-06-30 3.30
2017-03-31 2.33
2016-12-31 3.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NTS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NTS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NTS has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NTS Past Performance

  How has NTS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NTS's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NTS has delivered over 20% year on year earnings growth in the past 5 years.
  • NTS's 1-year earnings growth exceeds its 5-year average (64.2% vs 51.7%)
  • NTS's earnings growth has exceeded the NO Shipping industry average in the past year (64.2% vs 28%).
Earnings and Revenue History
NTS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NTS Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NTS Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,669.97 447.70 240.89
2018-12-31 1,421.69 454.99 235.13
2018-09-30 1,342.31 350.94 213.82
2018-06-30 1,315.27 337.19 197.88
2018-03-31 1,279.68 272.64 177.51
2017-12-31 1,108.41 226.50 156.98
2017-09-30 947.32 215.92 137.43
2017-06-30 722.32 160.16 130.03
2017-03-31 507.07 84.73 128.21
2016-12-31 519.28 75.42 132.16
2015-12-31 664.42 117.72 32.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NTS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NTS used its assets more efficiently than the NO Shipping industry average last year based on Return on Assets.
  • NTS's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NTS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NTS has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NTS Health

 How is NTS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NTS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NTS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NTS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NTS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NTS Company Filings, last reported 2 months ago.

OB:NTS Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,788.86 2,292.20 161.62
2018-12-31 2,738.67 2,341.78 168.39
2018-09-30 2,561.27 2,270.83 188.95
2018-06-30 2,454.88 1,674.92 101.81
2018-03-31 2,376.08 2,333.76 90.54
2017-12-31 2,066.16 1,743.38 169.11
2017-09-30 2,086.59 1,477.00 140.47
2017-06-30 1,964.87 1,471.50 48.08
2017-03-31 438.93 1,217.76 64.30
2016-12-31 438.93 1,217.76 64.30
2015-12-31 269.33 119.31 47.54
  • NTS's level of debt (82.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if NTS's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess NTS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NTS has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NTS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.42%
Current annual income from NTS dividends. Estimated to be 4% next year.
If you bought NOK2,000 of NTS shares you are expected to receive NOK48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NTS's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.48%).
  • NTS's dividend is below the markets top 25% of dividend payers in Norway (6.49%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:NTS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.6%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:NTS Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.77 3.00
2020-12-31 2.50 3.00
2019-12-31 2.17 3.00
OB:NTS Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-22 1.500 2.584
2019-02-27 1.500 2.496
2018-03-22 1.000 1.830
2018-02-28 1.000 2.315
2017-11-09 0.000 0.000
2017-08-14 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether NTS has stable dividend payments.
  • NTS only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of NTS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess NTS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NTS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NTS has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NTS Management

 What is the CEO of NTS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harry Bøe
CEO Bio

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

CEO Compensation
  • Insufficient data for Harry to compare compensation growth.
  • Insufficient data for Harry to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Harry Bøe

TITLE
Chief Executive Officer

Arne Kiil

TITLE
Chief Financial Officer

Håvard Selnes

TITLE
Administration Manager

Dagfinn Eliassen

TITLE
Marketing & Development Manager
Board of Directors

Roger Granheim

TITLE
Chairman
AGE
54

Odd Øie

TITLE
Director

Grete Brovoll

TITLE
Director

Nils Williksen

TITLE
Director

Hege Skillingstad

TITLE
Director

Solvår Hardesty

TITLE
Director

Jorunn Dolmen

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
18. Dec 18 Buy SS-Invest AS Company 18. Dec 18 18. Dec 18 11,248 NOK56.98 NOK640,911
17. Dec 18 Buy SS-Invest AS Company 17. Dec 18 17. Dec 18 76,971 NOK55.00 NOK4,233,405
X
Management checks
We assess NTS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NTS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NTS News

Simply Wall St News

Should NTS ASA (OB:NTS) Be Part Of Your Dividend Portfolio?

OB:NTS Historical Dividend Yield, June 8th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. In the last year, NTS paid out 24% of its profit as dividends. With a low payout ratio, it looks like the dividend is comprehensively covered by earnings. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Last year, NTS paid a dividend while reporting negative free cash flow. While there may be an explanation, we think this behaviour is generally not sustainable. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Is NTS's Balance Sheet Risky? As NTS has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … This company has been paying a dividend for less than 2 years, which we think is too soon to consider it a reliable dividend stock. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing.

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Why NTS ASA’s (OB:NTS) Return On Capital Employed Is Impressive

And finally, we'll look at how its current liabilities are impacting its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for NTS: 0.072 = øre372m ÷ (øre6.0b - øre845m) (Based on the trailing twelve months to March 2019.) Therefore, NTS has an ROCE of 7.2%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

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Will NTS ASA's (OB:NTS) Earnings Grow In The Next Couple Of Years?

Below, I've presented key growth figures on how market analysts predict NTS's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … View our latest analysis for NTS Market analysts' prospects for next year seems pessimistic, with earnings falling by -2.6%. … OB:NTS Past and Future Earnings, May 10th 2019 Even though it’s informative knowing the rate of growth year by year relative to today’s level, it may be more valuable to gauge the rate at which the business is moving every year, on average.

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Should NTS (OB:NTS) Be Disappointed With Their 19% Profit?

For example, the NTS ASA (OB:NTS) share price is up 19% in the last year, clearly besting than the market return of around 2.3% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the last year NTS grew its earnings per share (EPS) by 101%.

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What Do Analysts Think About The Future Of NTS ASA's (OB:NTS)?

The latest earnings update NTS ASA (OB:NTS) released in December 2018a … signalled … business

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Is NTS ASA's (OB:NTS) ROE Of 17% Impressive?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows NTS has a return on equity of 17% for the last year. … That means that for every NOK1 worth of shareholders' equity, it generated NOK0.17 in profit.

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NTS ASA (OB:NTS): Time For A Financial Health Check

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

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What Kind Of Shareholders Own NTS ASA (OB:NTS)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … NTS is a smaller company with a market capitalization of øre4.3b, so it may still be flying under the radar of many institutional investors.

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How Good Is NTS ASA (OB:NTS) At Creating Shareholder Value?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

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Something To Consider Before Buying NTS ASA (OB:NTS) For The 1.6% Dividend

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … In the last few years NTS ASA (OB:NTS) has paid a dividend to shareholders.

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NTS Company Info

Description

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; and transports fish and fish products by sea and land. It also supplies various safety systems for boats, fish farms, and land customers; and provides preparation, implementation, and maintenance services for management systems and security management systems. In addition, the company operates boat and ferry connections; and offers diving services and other services for the aquaculture and other sectors. It operates 15 connections, including 10 ferry connections, 4 fast ferry routes, and 1 local boat route, as well as 23 service vessels. The company was founded in 1879 and is based in Kolvereid, Norway.

Details
Name: NTS ASA
NTS
Exchange: OB
Founded: 1879
NOK4,510,861,832
72,755,836
Website: http://www.ntsasa.no
Address: NTS ASA
Sentrumsgata 6,
Kolvereid,
Nord-Trøndelag, 7970,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NTS Share Capital Oslo Bors NO NOK 16. Jun 2017
BATS-CHIXE NTSO Share Capital BATS 'Chi-X Europe' GB NOK 16. Jun 2017
Number of employees
Current staff
Staff numbers
0
NTS employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 22:42
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/19
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.