Financials DNO ASA

Equities

DNO

NO0003921009

Oil & Gas Exploration and Production

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
10.4 NOK +2.16% Intraday chart for DNO ASA -0.76% +3.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,432 6,699 10,198 12,039 9,818 10,140 - -
Enterprise Value (EV) 1 15,850 10,782 11,650 8,102 8,194 9,416 7,969 8,678
P/E ratio 17.9 x -2.8 x 5.66 x 2.98 x 47.4 x 96.6 x 3.78 x 5.47 x
Yield 4.02% - 1.91% 6.35% - 9.83% 9.83% 10%
Capitalization / Revenue 1.28 x 1.29 x 1.15 x 0.85 x 1.39 x 1.35 x 1.11 x 1.15 x
EV / Revenue 1.77 x 2.08 x 1.32 x 0.57 x 1.16 x 1.25 x 0.88 x 0.99 x
EV / EBITDA 3.12 x 3.96 x 2.18 x 0.78 x 2.01 x 2 x 1.55 x 1.63 x
EV / FCF -46.9 x 6.89 x 2.95 x 2.13 x -9.44 x 53.1 x 3.43 x 4.39 x
FCF Yield -2.13% 14.5% 33.9% 46.9% -10.6% 1.88% 29.1% 22.8%
Price to Book 1.06 x 0.92 x 1.14 x 0.79 x 0.75 x 0.83 x 0.74 x 0.65 x
Nbr of stocks (in thousands) 988,114 975,433 975,433 1,019,377 975,000 975,000 - -
Reference price 2 11.57 6.868 10.46 11.81 10.07 10.40 10.40 10.40
Announcement Date 2/7/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,948 5,193 8,836 14,214 7,088 7,520 9,098 8,797
EBITDA 1 5,075 2,726 5,340 10,344 4,075 4,717 5,152 5,336
EBIT 1 2,195 -2,656 2,824 4,453 2,521 1,655 2,042 2,092
Operating Margin 24.53% -51.15% 31.96% 31.33% 35.57% 22.01% 22.44% 23.78%
Earnings before Tax (EBT) 1 -441.5 -3,596 1,937 3,577 1,607 1,211 3,149 2,722
Net income 1 678.9 -2,414 1,794 3,905 197.5 165.4 2,148 2,424
Net margin 7.59% -46.5% 20.31% 27.47% 2.79% 2.2% 23.61% 27.56%
EPS 2 0.6466 -2.449 1.848 3.957 0.2124 0.1077 2.750 1.902
Free Cash Flow 1 -338.2 1,566 3,944 3,803 -867.5 177.4 2,323 1,979
FCF margin -3.78% 30.15% 44.64% 26.75% -12.24% 2.36% 25.53% 22.49%
FCF Conversion (EBITDA) - 57.43% 73.85% 36.76% - 3.76% 45.08% 37.08%
FCF Conversion (Net income) - - 219.82% 97.38% - 107.24% 108.14% 81.61%
Dividend per Share 2 0.4646 - 0.2000 0.7500 - 1.022 1.022 1.040
Announcement Date 2/7/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,158 3,489 3,341 3,433 3,584 3,490 2,866 614.9 1,569 2,116 1,591 1,581 2,418 1,324
EBITDA 1 1,341 1,837 2,832 2,436 2,632 2,300 2,131 -50.63 798.9 1,240 847 841.8 1,440 1,051
EBIT 560 1,128 - 770.4 2,019 -786.6 1,651 -158.2 452.8 596.7 - - - -
Operating Margin 25.95% 32.33% - 22.44% 56.34% -22.54% 57.62% -25.73% 28.87% 28.2% - - - -
Earnings before Tax (EBT) 1 316 923.1 - 475.5 1,860 -895 1,685 -166.7 -219.2 302.6 235.4 233.1 603.2 -183.4
Net income 1 264.6 570.2 1,383 684.8 1,370 432.2 926.8 -195.1 -606.4 44.6 -62.44 -59.47 308.4 -441.7
Net margin 12.26% 16.34% 41.4% 19.94% 38.23% 12.38% 32.34% -31.73% -38.65% 2.11% -3.92% -3.76% 12.76% -33.37%
EPS 2 0.2569 0.6160 - 0.6658 1.374 0.4058 0.9588 -0.2110 -0.6676 - -0.0490 -0.0515 0.2895 -0.4690
Dividend per Share 2 - 0.2000 - - - - 0.2500 0.2500 0.2500 - 0.3170 0.3170 - -
Announcement Date 11/4/21 2/10/22 5/12/22 8/11/22 11/3/22 2/9/23 5/11/23 8/17/23 11/9/23 2/8/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,418 4,082 1,452 - - - - -
Net Cash position 1 - - - 3,937 1,625 724 2,171 1,462
Leverage (Debt/EBITDA) 0.8706 x 1.498 x 0.2719 x - - - - -
Free Cash Flow 1 -338 1,566 3,944 3,803 -868 177 2,323 1,979
ROE (net income / shareholders' equity) 6.18% -28.5% 21.9% 32.2% 1.61% 6.71% 20.3% 12.1%
ROA (Net income/ Total Assets) 2.79% -9.56% - 13.4% 0.77% - - -
Assets 1 24,368 25,253 - 29,173 25,649 - - -
Book Value Per Share 2 10.90 7.490 9.190 15.00 13.40 12.50 14.00 16.00
Cash Flow per Share 3.310 3.370 6.570 - - - - -
Capex 1 3,790 1,796 2,469 6,914 1,737 2,651 3,536 3,973
Capex / Sales 42.35% 34.59% 27.95% 48.64% 24.51% 35.26% 38.87% 45.16%
Announcement Date 2/7/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
10.4 NOK
Average target price
14 NOK
Spread / Average Target
+34.62%
Consensus