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Norse Atlantic ASA (NORSE.OL)
NOK0.43
+0.01 (+1.67%)
NO OSL Industrials Airlines, Airports & Air Services
Address
Fløyveien 14 4838
Arendal, NO
Arendal, NO
CEO
Kristin Berthelsen
Website
flynorse.com
IPO
2021-04-12
ISIN NO0012885252
Also trades on
Oslo Stock Exchange · NORSE.OL (NOK)
Other OTC · NRSAF (USD)
Description
Norse Atlantic ASA operates as an airline specializing in extended-range flights, primarily linking numerous locations throughout Europe and the United States. Its network encompasses prominent cities such as New York, various destinations within Florida, Paris, London, and Oslo. This enterprise was established in 2021 and maintains its principal office in Arendal, 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
NOK0.43
+0.01 (+1.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.04
Float Shares
132.58M
Free Float %
81.5%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.25% | -20.20% | -8.28% | -73.62% | -76.63% | -76.25% | -72.48% | -89.58% | -97.45% | -97.45% | -97.45% |
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
0.43
DCF (Unlevered)
1,662.56
+389,259.0%
DCF (Levered)
447.59
+104,722.7%
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)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-0.02
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Airlines, Airports & Air Services: +6.5%+28.5% ★ Q1'26: +27.9% (vs Q1'25)
-
EPS growth Airlines, Airports & Air Services: +12.5%+62.5% ★ Q1'26: -50.0% (vs Q1'25)
-
FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%+7.0% Q1'26: +7.9% (vs Q1'25)
-
EBIT margin Airlines, Airports & Air Services: +10.3%-2.7% Q1'26: -8.1% (vs Q1'25)
-
ROIC Airlines, Airports & Air Services: +6.0%-3.7% Q1'26: -9.8% (vs Q1'25)
-
Share dilution Airlines, Airports & Air Services: +0.0%+24.8% Q1'26: +7.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×14.37× Q1'26: 34.44× (vs Q1'25)
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 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
—
est: 312.05M (-100.0%)
|
104.27M
est: 396.55M (-73.7%)
|
439.44M
est: 529.31M (-17.0%)
|
588.11M
est: 912.41M (-35.5%)
|
755.60M
est: 689.39M (+9.6%)
|
638.29M
638.29M – 638.29M
-7.4% YoY
|
669.93M
669.93M – 669.93M
+5.0% YoY
|
715.93M
715.93M – 715.93M
+6.9% YoY
|
734.79M
734.79M – 734.79M
+2.6% YoY
|
| EBITDA |
-8.32M
est: 6.66M (-224.9%)
|
-87.59M
est: 8.47M (-1,134.3%)
|
-51.12M
est: 11.30M (-552.2%)
|
-8.14M
est: 19.48M (-141.8%)
|
58.14M
est: 14.72M (+294.9%)
|
13.63M
13.63M – 13.63M
-7.4% YoY
|
14.31M
14.31M – 14.31M
+5.0% YoY
|
15.29M
15.29M – 15.29M
+6.9% YoY
|
15.69M
15.69M – 15.69M
+2.6% YoY
|
| EBIT |
-8.67M
est: -31.11M (+72.1%)
|
-146.10M
est: -39.53M (-269.6%)
|
-135.22M
est: -52.76M (-156.3%)
|
-96.06M
est: -90.95M (-5.6%)
|
-20.68M
est: -68.72M (+69.9%)
|
-63.63M
-63.63M – -63.63M
+7.4% YoY
|
-66.78M
-66.78M – -66.78M
-5.0% YoY
|
-71.37M
-71.37M – -71.37M
-6.9% YoY
|
-73.25M
-73.25M – -73.25M
-2.6% YoY
|
| Net Income |
-7.00M
est: 120.97M (-105.8%)
|
-174.97M
est: 41.23M (-524.4%)
|
-168.75M
est: -229.19M (+26.4%)
|
-135.45M
est: 131.04M (-203.4%)
|
-63.76M
est: -54.27M (-17.5%)
|
14.83M
14.83M – 14.83M
+127.3% YoY
|
21.30M
21.30M – 21.30M
+43.6% YoY
|
3.27M
3.27M – 3.27M
-84.6% YoY
|
4.39M
4.39M – 4.39M
+34.1% YoY
|
| SGA |
2.61M
est: 89.44M (-97.1%)
|
15.63M
est: 113.66M (-86.2%)
|
37.49M
est: 151.71M (-75.3%)
|
47.66M
est: 261.51M (-81.8%)
|
88.29M
est: 197.59M (-55.3%)
|
182.95M
182.95M – 182.95M
-7.4% YoY
|
192.01M
192.01M – 192.01M
+5.0% YoY
|
205.20M
205.20M – 205.20M
+6.9% YoY
|
210.60M
210.60M – 210.60M
+2.6% YoY
|
| EPS |
-0.45
est: 0.74 (-160.5%)
|
-8.30
est: 0.25 (-3,373.0%)
|
-2.50
est: -1.41 (-77.3%)
|
-1.04
est: 0.81 (-229.0%)
|
-0.39
est: -0.33 (-16.8%)
|
0.09
0.09 – 0.09
+127.3% YoY
|
0.13
0.13 – 0.13
+43.6% YoY
|
0.02
0.02 – 0.02
-84.6% YoY
|
0.03
0.03 – 0.03
+34.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-22 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-21 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-20 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-19 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
277.39M
OE per share TTM
1.78
Owner's Yield
108.22%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
186.0%
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
This company is not held by any ETF in our universe.
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
-19.1K
Shares Outstanding
162.58M
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 |
|---|---|---|---|
| Anders Hall Jomaas | Chief Financial Officer | 3M | male |
| Kristin Berthelsen | Deputy Chief Executive Officer | 2M | female |
| Thom Arne Norheim | Chief Operational Officer | 2M | — |
| Ben Boiling | Managing Director Norse Atlantic UK | 2M | male |
| Bjorn Tore Larsen | Founder & Chairman | 2M | male |
| Bard Nordhagen | Chief Customer & Communication Officer | 1M | male |
| Eivind Roald | President & CEO | 361.2K | male |
| Alf Lim | Chief Product Officer & Norsecoders | — | — |
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 NORSE.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.
