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VOW ASA (VOW.OL)

NOK2.21 -0.03 (-1.34%)
NO OSL Industrials Industrial - Pollution & Treatment Controls
Address Lysaker Torg 12 1366
Oslo, NO
CEO Gunnar Pedersen
Website vowasa.com
IPO 2014-04-11
ISIN NO0010708068

Explore sections of this company profile

Also trades on Oslo Stock Exchange · VOW.OL (NOK) Other OTC · SSHPF (USD)
Description

Headquartered in Lysaker, Norway, and established in 2011, VOW ASA specializes in delivering advanced systems for the treatment and purification of diverse waste streams, encompassing wastewater, food waste, solid refuse, and bio sludge. The company operates through three core segments. Its Projects Cruise division supplies sophisticated waste management, wastewater purification, and food waste processing solutions to shipyards for new constructions, to existing shipowners, and for aquaculture sludge treatment. The Aftersales segment ensures operational continuity by providing essential spare parts, consumables, chemicals, and bespoke service and maintenance programs. Meanwhile, the Landbased segment offers innovative technologies such as Biogreen, a proprietary pyrolysis process converting biomass, plastics, and waste into energy, and Safesteril, a patented system for sterilizing food and pharmaceutical ingredients, alongside robotic solutions for waste recycling. Serving a broad clientele including the cruise, aquaculture, land-based industrial, and utilities sectors, VOW ASA has also forged a strategic alliance with Repsol, S.A. to develop applications for clean, renewable energy production and CO2 emission reduction. The company rebranded from Scanship Holding ASA to VOW ASA in January 2020.

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
NOK2.21 -0.03 (-1.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
1.51
Float Shares
197.49M
Free Float %
68.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.19% +9.09% +6.02% -1.86% +61.96% -3.30% +36.08% -78.78% -92.66% +230.00% -2.22%
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
2.21
DCF (Unlevered) 0.29 -86.8%

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 2025-08 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.31
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Industrial - Pollution & Treatment Controls: +8.0%
    +1.6% Q1'26: +8.7% (vs Q1'25)
  • ✗
    EPS growth Industrial - Pollution & Treatment Controls: +15.8%
    -71.4% Q1'26: +47.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Industrial - Pollution & Treatment Controls: +35.7%
    +2.2% Q1'26: -16.6% (vs Q1'25)
  • ✗
    EBIT margin Industrial - Pollution & Treatment Controls: +10.2%
    -10.3% Q1'26: +3.8% (vs Q1'25)
  • ✗
    ROIC Industrial - Pollution & Treatment Controls: +6.6%
    -14.9% Q1'26: +6.2% (vs Q1'25)
  • ✗
    Share dilution Industrial - Pollution & Treatment Controls: 0.0%
    +81.8% Q1'26: 0.0% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Industrial - Pollution & Treatment Controls: -0.39×
    -8.77× Q1'26: 5.52× (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 (1.48) × ERP
WACC = 60% × Ke + 40% × Kd (9.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 0.28 Current price: 2.21
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 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
1 Rev. Ana.
1 EPS Ana. 		Dec 2027
1 Rev. Ana.
1 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
145.63M
est: 149.71M (-2.7%)
200.29M
est: 203.80M (-1.7%)
171.70M
est: 187.20M (-8.3%)
247.00M
est: 247.20M (-0.1%)
329.60M
est: 307.50M (+7.2%)
380.80M
est: 401.12M (-5.1%)
459.80M
est: 485.74M (-5.3%)
454.10M
est: 501.84M (-9.5%)
782.80M
est: 795.00M (-1.5%)
918.50M
est: 954.80M (-3.8%)
1.02B
est: 1.01B (+0.7%)
1.03B
est: 913.00M (+13.3%)
1.03B
1.03B – 1.03B
+13.3% YoY
1.15B
1.15B – 1.15B
+11.0% YoY
1.24B
1.24B – 1.24B
+8.4% YoY
EBITDA
-8.47M
est: 29.01M (-129.2%)
9.61M
est: -6.45M (+249.1%)
-1.40M
est: 15.24M (-109.2%)
22.80M
est: 7.37M (+209.5%)
36.80M
est: 59.58M (-38.2%)
5.30M
est: 41.85M (-87.3%)
50.50M
est: -12.83M (+493.7%)
358.20M
est: -19.42M (+1,944.9%)
84.90M
est: -25.26M (+436.1%)
-60.50M
est: 153.10M (-139.5%)
28.10M
est: 162.12M (-82.7%)
-59.20M
est: 146.40M (-140.4%)
165.80M
165.80M – 165.80M
+13.3% YoY
184.08M
184.08M – 184.08M
+11.0% YoY
199.48M
199.48M – 199.48M
+8.4% YoY
EBIT
-9.64M
est: 22.75M (-142.4%)
7.73M
est: 1.20M (+544.5%)
-3.80M
est: 7.95M (-147.8%)
19.80M
est: -7.63M (+359.5%)
34.50M
est: 46.73M (-26.2%)
-3.30M
est: 43.68M (-107.6%)
37.30M
est: 20.55M (+81.5%)
341.20M
est: 31.10M (+997.0%)
62.20M
est: 40.46M (+53.7%)
-112.70M
est: 109.95M (-202.5%)
-30.00M
est: 116.43M (-125.8%)
-106.40M
est: 105.14M (-201.2%)
119.07M
119.07M – 119.07M
+13.3% YoY
132.20M
132.20M – 132.20M
+11.0% YoY
143.26M
143.26M – 143.26M
+8.4% YoY
Net Income
-9.28M
est: 5.67M (-263.7%)
4.45M
est: -12.83M (+134.7%)
-4.80M
est: 4.07M (-218.0%)
12.60M
est: -6.32M (+299.5%)
26.30M
est: 25.58M (+2.8%)
-13.50M
est: 32.09M (-142.1%)
27.90M
est: -17.67M (+257.9%)
323.30M
est: -26.75M (+1,308.8%)
14.30M
est: -34.79M (+141.1%)
-155.20M
est: -503.27M (+69.2%)
-132.40M
est: -20.96M (-531.7%)
-279.50M
est: -233.14M (-19.9%)
14.57M
14.57M – 14.57M
+106.3% YoY
52.46M
52.46M – 52.46M
+260.0% YoY
58.28M
58.28M – 58.28M
+11.1% YoY
SGA
3.50M
est: 7.04M (-50.3%)
8.03M
est: 32.07M (-75.0%)
4.80M
est: 25.98M (-81.5%)
6.60M
est: 36.97M (-82.1%)
7.50M
est: 14.47M (-48.2%)
11.70M
est: 71.02M (-83.5%)
18.90M
est: 89.91M (-79.0%)
20.70M
est: 136.11M (-84.8%)
47.60M
est: 177.07M (-73.1%)
60.20M
est: 55.20M (+9.1%)
22.60M
est: 58.45M (-61.3%)
98.20M
est: 52.79M (+86.0%)
59.78M
59.78M – 59.78M
+13.3% YoY
66.37M
66.37M – 66.37M
+11.0% YoY
71.92M
71.92M – 71.92M
+8.4% YoY
EPS
-0.13
est: 0.04 (-467.8%)
0.05
est: 0.04 (+14.2%)
-0.05
est: 0.00 (-1,708.1%)
0.13
est: 0.12 (+9.4%)
0.28
est: 0.16 (+75.5%)
-0.14
est: 0.22 (-164.5%)
0.26
est: 0.12 (+115.4%)
2.86
est: 0.17 (+1,558.1%)
0.13
est: 0.24 (-45.7%)
-0.97
est: -1.73 (+43.8%)
-0.56
est: -0.07 (-678.6%)
-0.96
est: -0.80 (-20.0%)
0.05
0.05 – 0.05
+106.3% YoY
0.18
0.18 – 0.18
+260.0% YoY
0.20
0.20 – 0.20
+11.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
53.41M
OE per share TTM
0.17
Owner's Yield
6.97%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
10.1%

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 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - International Small Cap ETF DFIS 0.00% 13.1K 0.39%
2 Dimensional - International Core Equity Market ETF DFAI 0.00% — 0.18%

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
-483.6K
Shares Outstanding
290.41M

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
Cecilie Margrethe Brænd Hekneby Chief Financial Officer 2M female
Per Carlsson Chief Technology Officer 2M male
Malena Morsbach Chief of staff 1M female
Micheal Taylor Executive Vice President of Aftersales — male
John Ivar Johannessen Executive Vice President of Industry Solutions — male
Gunnar Pedersen Chief Executive Officer — male
Ivar Bjerkeli Homme Executive Vice President of Maritime Solutions — 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 history

Earnings history

Earnings reports

Stock splits

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