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Norske Skog ASA (NSKOG.OL)

NOK33.15 +0.15 (+0.45%)
NO OSL Basic Materials Paper, Lumber & Forest Products
Address PO Box 294 Skøyen 213
Oslo, NO
CEO Geir Olav Drangsland
IPO 2019-10-18
ISIN NO0010861115

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Description

Norske Skog ASA functions as a key producer and vendor of various paper products, with a primary emphasis on newsprint and papers designed for magazines. Its operations are organized into two principal segments: Publication Paper Europe and Publication Paper Australasia. The company's product portfolio encompasses conventional newsprint and other distinct paper grades, in addition to specialized magazine papers, specifically super calendared (SC) and lightweight coated (LWC) varieties. These papers are extensively employed across a multitude of applications, including newspapers, periodicals, catalogs, inserts, flyers, supplemental materials, free publications, directories, direct mail campaigns, brochures, and book manufacturing. Norske Skog markets its diverse offerings under recognized brand names such as Nornews, Norbright, NorX, Norstar, Norcote, NorSC, Norbook, and Vantage. Demonstrating a broad international reach, the firm conducts business in Norway, the broader European continent, North America, Australasia, Asia, and Africa. Established in 1962, Norske Skog ASA maintains its corporate headquarters in Oslo, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
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
Averages
Trend
Price
Levels
Draw
NOK33.15 +0.15 (+0.45%)
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Volume Profile
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Liquidity & share structure
Average Volume
322.3K
Beta
0.33
Float Shares
60.02M
Free Float %
70.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.28% -2.21% -4.94% +47.67% +162.13% +160.59% +103.68% +8.05% +30.10% +16.58% +16.58%
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
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
33.15
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
0.80
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
0 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Paper, Lumber & Forest Products: +0.4%
    +2.3% Q1'26: -2.1% (vs Q1'25)
  • EPS growth Paper, Lumber & Forest Products: -12.0%
    +141.2% Q1'26: -16.5% (vs Q1'25)
  • FCF margin FCF growth · Paper, Lumber & Forest Products: +37.3%
    +7.8% Q1'26: -15.4% (vs Q1'25)
  • EBIT margin Paper, Lumber & Forest Products: +5.4%
    +6.8% Q1'26: +12.7% (vs Q1'25)
  • ROIC Paper, Lumber & Forest Products: +2.9%
    +6.3% Q1'26: +11.6% (vs Q1'25)
  • Share dilution Paper, Lumber & Forest Products: +0.0%
    0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Paper, Lumber & Forest Products: 0.66×
    4.50× Q1'26: 2.74× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 41% × Ke + 59% × Kd (5.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 33.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
12.20B
est: 12.95B (-5.8%)
9.17B
est: 9.44B (-2.9%)
9.85B
est: 10.30B (-4.4%)
14.54B
est: 14.86B (-2.2%)
11.79B
est: 10.77B (+9.4%)
9.23B
est: 12.12B (-23.8%)
9.45B
est: 10.49B (-9.9%)
12.07B
11.51B – 12.63B
+15.1% YoY
12.26B
12.11B – 12.40B
+1.6% YoY
12.80B
12.54B – 13.06B
+4.4% YoY
EBITDA
2.90B
est: 761.73M (+280.1%)
-1.09B
est: 1.96B (-155.9%)
356.00M
est: 2.09B (-83.0%)
3.46B
est: 2.15B (+60.9%)
1.42B
est: 1.16B (+22.4%)
164.00M
est: 1.27B (-87.1%)
1.20B
est: 1.13B (+5.8%)
1.30B
1.24B – 1.36B
+15.1% YoY
1.32B
1.31B – 1.34B
+1.6% YoY
1.38B
1.35B – 1.41B
+4.4% YoY
EBIT
2.44B
est: 149.40M (+1,532.6%)
-1.58B
est: 1.75B (-190.4%)
-77.00M
est: 1.87B (-104.1%)
2.91B
est: 1.92B (+51.5%)
957.00M
est: 652.42M (+46.7%)
-354.00M
est: 713.99M (-149.6%)
639.00M
est: 635.14M (+0.6%)
730.94M
696.94M – 764.93M
+15.1% YoY
742.35M
733.56M – 751.15M
+1.6% YoY
775.03M
759.22M – 790.83M
+4.4% YoY
Net Income
2.04B
est: 1.00B (+103.9%)
-1.88B
est: 1.49B (-226.5%)
-363.00M
est: 1.59B (-122.8%)
2.57B
est: 1.64B (+57.3%)
481.00M
est: 533.00M (-9.8%)
-982.00M
est: -318.41M (-208.4%)
405.00M
est: 485.55M (-16.6%)
714.08M
100.59M – 1.38B
+47.1% YoY
242.67M
11.64M – 469.95M
-66.0% YoY
451.13M
351.22M – 877.35M
+85.9% YoY
SGA
1.46B
est: 1.98B (-26.2%)
1.35B
est: 2.33B (-41.9%)
1.27B
est: 2.49B (-49.2%)
1.34B
est: 2.56B (-47.5%)
3.23B
est: 1.57B (+106.3%)
1.13B
est: 1.71B (-34.0%)
1.04B
est: 1.53B (-32.1%)
1.76B
1.67B – 1.84B
+15.1% YoY
1.78B
1.76B – 1.80B
+1.6% YoY
1.86B
1.82B – 1.90B
+4.4% YoY
EPS
24.78
est: 11.82 (+109.6%)
-22.84
est: -3.36 (-580.5%)
-3.90
est: -1.86 (-109.8%)
27.27
est: 21.86 (+24.7%)
5.67
est: 6.17 (-8.0%)
-11.55
est: -3.76 (-207.6%)
4.76
est: 5.73 (-16.9%)
8.73
1.19 – 16.26
+52.4% YoY
2.84
0.14 – 5.54
-67.4% YoY
7.25
4.14 – 10.35
+155.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-28 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-27 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-26 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-22 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-21 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-20 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-19 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-18 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-15 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-13 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-12 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-11 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-08 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-07 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-06 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-05 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-05-04 B 3/5 1/5 3/5 4/5 1/5 3/5 5/5
2026-04-30 B+ 3/5 1/5 3/5 5/5 1/5 3/5 5/5
2026-04-29 B 3/5 1/5 3/5 5/5 1/5 3/5 4/5
2026-04-28 B 3/5 1/5 3/5 5/5 1/5 3/5 4/5
2026-04-27 B 3/5 1/5 3/5 5/5 1/5 3/5 4/5
2026-04-24 B 3/5 1/5 3/5 5/5 1/5 3/5 4/5
2026-04-23 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5
2026-04-22 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5
2026-04-21 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5
2026-04-20 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5
2026-04-17 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5
2026-04-16 B+ 3/5 1/5 4/5 5/5 1/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-128.95M
OE per share TTM
-1.53
Owner's Yield
-3.43%
Maintenance CapEx ratio
26.75%
Maint CapEx / Avg PPE
60.0%

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 Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis International Small Cap Value ETF AVDV 0.03% 5.34M 0.36%
2 Dimensional - International Small Cap Value ETF DISV 0.02% 745.0K 0.42%
3 Avantis International Small Cap Equity ETF AVDS 0.01% 39.4K 0.30%
4 Dimensional - International Small Cap ETF DFIS 0.01% 490.5K 0.39%
5 Avantis Responsible International Equity ETF AVSD 0.00% 17.0K 0.23%
6 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 171.0K 0.28%
7 Dimensional - International Core Equity Market ETF DFAI 0.00% 170.6K 0.18%
8 Dimensional - International Core Equity 2 ETF DFIC 0.00% 127.7K 0.22%
9 Avantis International Equity ETF AVDE 0.00% 6.9K 0.23%

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
375.9K
Shares Outstanding
84.84M

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

NameTitleCompensationGender
Geir Olav Drangsland Chief Executive Officer 7M male
Einar Blaauw Senior Vice President & General Counsel 3M male
Robert A. Wood Senior Vice President of Commercial 3M male
Tord Steinset Torvund Chief Financial Officer 3M male
Even Lund Senior Vice President of Corporate Finance 3M male
Mari Mogen Head of Sustainability female
Christoffer Michelsen Bull Senior Vice President of Business Development male
Carsten Dybevig Vice President of Corporate Communication & Public Affairs 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

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits