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Norwegian Air Shuttle ASA (NAS.OL)
NOK12.78
-0.32 (-2.44%)
NO OSL Industrials Airlines, Airports & Air Services
Address
OksenOeyveien 3 1330
Fornebu, NO
Fornebu, NO
CEO
Geir Karlsen
Website
norwegian.com
IPO
2003-12-18
ISIN NO0010196140
Also trades on
Oslo Stock Exchange · NAS.OL (NOK)
Other OTC · NWARF (USD)
Description
Norwegian Air Shuttle ASA, together with its subsidiaries, provides air travel services in Norway and internationally. It is also involved in aircraft financing, leasing, and ownership; cargo; and other activities. The company was founded in 1993 and is headquartered in Fornebu, Norway.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
NOK12.78
-0.32 (-2.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
13M
Beta
1.04
Float Shares
784.58M
Free Float %
74.4%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.18% | +5.76% | +14.52% | -0.03% | -4.02% | -5.71% | +16.53% | +28.32% | +46.95% | -99.82% | -98.14% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
12.78
DCF (Unlevered)
644.54
+4,943.3%
DCF (Levered)
258.18
+1,920.2%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
57% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 2 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.42
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Airlines, Airports & Air Services: +6.5%+3.5% Q2'26: +1.2% (vs Q2'25)
-
EPS growth Airlines, Airports & Air Services: +12.5%+107.1% ★ Q2'26: -165.4% (vs Q2'25)
-
FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%+6.5% Q2'26: +5.5% (vs Q2'25)
-
EBIT margin Airlines, Airports & Air Services: +10.3%+9.1% Q2'26: -4.3% (vs Q2'25)
-
ROIC Airlines, Airports & Air Services: +6.0%+17.4% ★ Q2'26: -10.9% (vs Q2'25)
-
Share dilution Airlines, Airports & Air Services: +0.0%-3.6% ★ Q2'26: -6.0% (vs Q2'25)
-
Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×2.61× ★ Q2'26: 6.49× (vs Q2'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2003 actual |
Dec 2004 actual |
Dec 2005 actual |
Dec 2006 actual |
Dec 2007 actual |
Dec 2008 actual |
Dec 2009 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 6 Rev. Ana. 4 EPS Ana. |
Dec 2027 5 Rev. Ana. 6 EPS Ana. |
Dec 2028 5 Rev. Ana. 6 EPS Ana. |
Dec 2029 2 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
958.61M
est: 937.86M (+2.2%)
|
1.21B
est: 1.23B (-1.4%)
|
1.97B
est: 1.99B (-0.9%)
|
2.94B
est: 2.97B (-0.8%)
|
4.23B
est: 4.25B (-0.6%)
|
6.23B
est: 6.23B (0.0%)
|
7.31B
est: 7.35B (-0.5%)
|
8.41B
est: 8.68B (-3.1%)
|
10.53B
est: 10.71B (-1.7%)
|
12.86B
est: 13.07B (-1.6%)
|
15.58B
est: 15.56B (+0.1%)
|
19.54B
est: 19.71B (-0.9%)
|
22.49B
est: 22.45B (+0.2%)
|
26.05B
est: 26.14B (-0.3%)
|
30.95B
est: 30.94B (+0.0%)
|
40.27B
est: 40.44B (-0.4%)
|
43.52B
est: 43.48B (+0.1%)
|
9.10B
est: 15.48B (-41.3%)
|
5.07B
est: 8.59B (-41.0%)
|
18.87B
est: 18.43B (+2.4%)
|
25.54B
est: 30.07B (-15.1%)
|
35.32B
est: 35.17B (+0.4%)
|
36.54B
est: 37.55B (-2.7%)
|
39.90B
38.94B – 40.75B
+6.3% YoY
|
46.49B
44.05B – 47.41B
+16.5% YoY
|
49.70B
48.92B – 50.48B
+6.9% YoY
|
57.15B
54.94B – 58.33B
+15.0% YoY
|
| EBITDA |
-23.82M
est: 74.74M (-131.9%)
|
-142.48M
est: -32.18M (-342.8%)
|
68.90M
est: -204.48M (+133.7%)
|
19.97M
est: 117.74M (-83.0%)
|
208.00M
est: 27.39M (+659.5%)
|
-208.24M
est: 285.77M (-172.9%)
|
720.75M
est: 131.58M (+447.8%)
|
367.14M
est: 971.44M (-62.2%)
|
530.74M
est: 571.33M (-7.1%)
|
1.09B
est: 285.44M (+283.4%)
|
1.18B
est: 1.51B (-22.0%)
|
-618.29M
est: 585.05M (-205.7%)
|
1.58B
est: -1.27B (+224.7%)
|
3.28B
est: 1.10B (+197.1%)
|
-198.50M
est: 2.95B (-106.7%)
|
219.50M
est: -2.74B (+108.0%)
|
7.89B
est: -1.50B (+626.3%)
|
-13.24B
est: 662.50M (-2,098.0%)
|
3.83B
est: 1.61B (+137.4%)
|
3.55B
est: 2.08B (+70.9%)
|
6.17B
est: 9.64B (-36.0%)
|
7.53B
est: 10.76B (-30.0%)
|
8.52B
est: 12.25B (-30.5%)
|
13.02B
12.71B – 13.30B
+6.3% YoY
|
15.17B
14.38B – 15.47B
+16.5% YoY
|
16.22B
15.96B – 16.47B
+6.9% YoY
|
18.65B
17.93B – 19.03B
+15.0% YoY
|
| EBIT |
-58.19M
est: -43.35M (-34.2%)
|
-151.61M
est: -75.87M (-99.8%)
|
39.58M
est: -259.66M (+115.2%)
|
-31.10M
est: 37.16M (-183.7%)
|
133.95M
est: -44.45M (+401.4%)
|
-337.86M
est: 196.18M (-272.2%)
|
571.87M
est: -398.86M (+243.4%)
|
180.44M
est: 675.33M (-73.3%)
|
236.79M
est: 259.30M (-8.7%)
|
742.03M
est: 507.45M (+46.2%)
|
694.08M
est: 479.66M (+44.7%)
|
-1.32B
est: 1.23B (-207.8%)
|
538.39M
est: -1.64B (+132.9%)
|
2.19B
est: 405.68M (+440.9%)
|
-1.90B
est: 2.15B (-188.1%)
|
-1.33B
est: -2.62B (+49.1%)
|
1.42B
est: -4.13B (+134.4%)
|
-19.44B
est: 273.41M (-7,211.2%)
|
2.56B
est: 665.41M (+284.5%)
|
1.70B
est: 856.73M (+98.0%)
|
2.65B
est: 5.17B (-48.7%)
|
2.49B
est: 5.85B (-57.4%)
|
4.29B
est: 6.66B (-35.6%)
|
7.07B
6.90B – 7.22B
+6.3% YoY
|
8.24B
7.81B – 8.40B
+16.5% YoY
|
8.81B
8.67B – 8.95B
+6.9% YoY
|
10.13B
9.74B – 10.34B
+15.0% YoY
|
| Net Income |
-42.75M
est: -2.96B (+98.6%)
|
-109.84M
est: -56.25M (-95.3%)
|
27.98M
est: -178.52M (+115.7%)
|
-22.00M
est: 40.14M (-154.8%)
|
84.58M
est: -31.54M (+368.1%)
|
3.94M
est: 124.44M (-96.8%)
|
446.25M
est: 4.72M (+9,354.0%)
|
170.88M
est: 526.57M (-67.5%)
|
122.13M
est: 211.15M (-42.2%)
|
456.65M
est: 148.82M (+206.8%)
|
321.56M
est: 543.94M (-40.9%)
|
-1.07B
est: 407.94M (-362.2%)
|
246.15M
est: -1.24B (+119.8%)
|
1.14B
est: 287.14M (+295.4%)
|
-1.79B
est: 1.34B (-233.8%)
|
-1.46B
est: -2.34B (+37.7%)
|
-1.61B
est: -1.57B (-2.7%)
|
-23.04B
est: -515.92M (-4,365.7%)
|
1.87B
est: -1.26B (+249.0%)
|
1.01B
est: -1.62B (+162.2%)
|
1.74B
est: 1.98B (-12.2%)
|
1.36B
est: 1.26B (+7.5%)
|
2.71B
est: 2.14B (+26.8%)
|
1.89B
1.14B – 1.90B
-11.4% YoY
|
2.18B
1.84B – 2.57B
+15.3% YoY
|
2.49B
1.91B – 3.04B
+14.3% YoY
|
3.28B
3.12B – 3.37B
+31.6% YoY
|
| SGA |
925.42M
est: 106.29M (+770.7%)
|
152.25M
est: 446.08M (-65.9%)
|
207.79M
est: 689.72M (-69.9%)
|
515.0K
est: 743.28M (-99.9%)
|
2.29M
est: 983.61M (-99.8%)
|
4.89B
est: 1.48B (+229.9%)
|
—
est: 1.75B (-100.0%)
|
—
est: 2.45B (-100.0%)
|
—
est: 3.06B (-100.0%)
|
274.95M
est: 3.49B (-92.1%)
|
339.38M
est: 4.02B (-91.6%)
|
469.11M
est: 5.20B (-91.0%)
|
612.29M
est: 6.48B (-90.6%)
|
758.70M
est: 7.37B (-89.7%)
|
946.07M
est: 9.03B (-89.5%)
|
878.50M
est: 13.36B (-93.4%)
|
3.07B
est: 13.01B (-76.4%)
|
1.45B
est: 3.16B (-54.2%)
|
1.07B
est: 7.69B (-86.1%)
|
1.32B
est: 9.90B (-86.7%)
|
1.63B
est: 2.85B (-42.7%)
|
2.23B
est: 3.13B (-28.6%)
|
2.43B
est: 3.56B (-31.7%)
|
3.79B
3.69B – 3.87B
+6.3% YoY
|
4.41B
4.18B – 4.50B
+16.5% YoY
|
4.71B
4.64B – 4.79B
+6.9% YoY
|
5.42B
5.21B – 5.53B
+15.0% YoY
|
| EPS |
-108.12
est: -2.62 (-4,020.1%)
|
-142.02
est: -3.11 (-4,471.9%)
|
36.04
est: 0.51 (+6,943.0%)
|
-26.85
est: -0.64 (-4,114.9%)
|
98.69
est: 2.34 (+4,109.7%)
|
4.00
est: -4.54 (+188.3%)
|
366.43
est: 7.83 (+4,576.9%)
|
118.38
est: 2.35 (+4,934.9%)
|
94.21
est: 2.69 (+3,399.1%)
|
349.08
est: 7.40 (+4,620.3%)
|
244.20
est: 4.70 (+5,096.8%)
|
-811.86
est: -7.15 (-11,255.5%)
|
186.55
est: 382.94 (-51.3%)
|
847.35
est: 637.49 (+32.9%)
|
-1,339.22
est: -1,241.69 (-7.9%)
|
-923.80
est: -1,442.30 (+35.9%)
|
-589.97
est: -656.01 (+10.1%)
|
-477.45
est: -189.92 (-151.4%)
|
3.58
est: -17.05 (+121.0%)
|
0.99
est: -0.93 (+206.2%)
|
1.70
est: 1.70 (-0.2%)
|
1.41
est: 1.17 (+19.7%)
|
2.60
est: 1.99 (+30.7%)
|
1.37
1.05 – 1.75
-31.1% YoY
|
2.02
1.69 – 2.37
+47.1% YoY
|
2.21
1.75 – 2.79
+9.7% YoY
|
3.02
2.87 – 3.10
+36.5% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-28 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-26 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-19 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-18 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-15 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-13 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-12 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-11 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-08 | A | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-07 | A | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-06 | A | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-05 | A | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-04 | A | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-30 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-29 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-28 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-24 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-23 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 1/5 | 4/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
8.84B
OE per share TTM
8.16
Owner's Yield
50.57%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
87.4%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 88 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L | 0.91% | 836.8K | 0.38% |
| 2 | WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE | 0.91% | 836.8K | 0.38% |
| 3 | U.S. Global Jets ETF JETS | 0.42% | 3.89M | 0.60% |
| 4 | Vident International Equity Strategy ETF VIDI | 0.40% | 1.57M | 0.61% |
| 5 | Global X - MSCI Norway ETF NORW | 0.35% | 302.2K | 0.50% |
| 6 | iShares MSCI Norway ETF ENOR | 0.35% | 321.7K | 0.53% |
| 7 | WisdomTree Dynamic International SmallCap Equity ETF DDLS | 0.24% | 1.04M | 0.48% |
| 8 | WisdomTree International SmallCap Dividend Fund DLS | 0.24% | 2.51M | 0.58% |
| 9 | WisdomTree Europe Equity Income UCITS ETF WTEE.DE | 0.20% | 472.0K | 0.29% |
| 10 | WisdomTree Europe Equity Income UCITS ETF Acc EEIA.L | 0.20% | 472.0K | 0.29% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
910.2K
Shares Outstanding
1.05B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Geir Magne Karlsen | Chief Executive Officer | 13M | male |
| Hans-Joergen Wibstad | Chief Financial Officer | 7M | male |
| Magnus Thome Maursund | Chief Commercial Officer | 6M | male |
| Knut Olav Irgens Melhus Hoeg | Chief IT & Business Services Officer | 5M | male |
| Guro H. Poulsen | Chief People Officer | 5M | female |
| Tore Kristian Jenssen | Chief Executive Officer of Widerøe | 5M | male |
| Henrik Fjeld | Chief Operation Officer | 5M | male |
| Anne-Sissel Skanvik | Chief Communications, Customer & Corporate Affairs Officer | 4M | female |
| Jeanette Bo-Alnes | Chief Performance Officer | 4M | female |
| Jesper Hatletveit | Vice President of Investor Relations | — | male |
| Anders Fagernæs | Norwegian Head of Environmental Sustainability | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for NAS.OL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
