Northern Ocean Ltd. (OSL:NOL)

Northern Ocean Statistics

Total Valuation

Northern Ocean has a market cap or net worth of NOK 2.60 billion. The enterprise value is 7.56 billion.

Market Cap	2.60B
Enterprise Value	7.56B

Important Dates

The last earnings date was Friday, November 28, 2025.

Earnings Date	Nov 28, 2025
Ex-Dividend Date	n/a

Share Statistics

Northern Ocean has 303.22 million shares outstanding. The number of shares has increased by 67.32% in one year.

Current Share Class	303.22M
Shares Outstanding	303.22M
Shares Change (YoY)	+67.32%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	15.51%
Owned by Institutions (%)	3.60%
Float	87.41M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	1.16
PB Ratio	0.66
P/TBV Ratio	0.66
P/FCF Ratio	n/a
P/OCF Ratio	146.90
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 14.96, with an EV/FCF ratio of -14.10.

EV / Earnings	-11.46
EV / Sales	3.39
EV / EBITDA	14.96
EV / EBIT	n/a
EV / FCF	-14.10

Financial Position

The company has a current ratio of 0.26, with a Debt / Equity ratio of 1.37.

Current Ratio	0.26
Quick Ratio	0.18
Debt / Equity	1.37
Debt / EBITDA	10.69
Debt / FCF	-10.07
Interest Coverage	-0.10

Financial Efficiency

Return on equity (ROE) is -15.45% and return on invested capital (ROIC) is -0.42%.

Return on Equity (ROE)	-15.45%
Return on Assets (ROA)	-0.38%
Return on Invested Capital (ROIC)	-0.42%
Return on Capital Employed (ROCE)	-0.96%
Revenue Per Employee	223.20M
Profits Per Employee	-65.94M
Employee Count	10
Asset Turnover	0.21
Inventory Turnover	n/a

Taxes

In the past 12 months, Northern Ocean has paid 23.89 million in taxes.

Income Tax	23.89M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +1.91% in the last 52 weeks. The beta is 0.48, so Northern Ocean's price volatility has been lower than the market average.

Beta (5Y)	0.48
52-Week Price Change	+1.91%
50-Day Moving Average	6.67
200-Day Moving Average	6.34
Relative Strength Index (RSI)	78.88
Average Volume (20 Days)	440,993

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Northern Ocean had revenue of NOK 2.23 billion and -659.39 million in losses. Loss per share was -1.89.

Revenue	2.23B
Gross Profit	589.89M
Operating Income	-63.82M
Pretax Income	-635.50M
Net Income	-659.39M
EBITDA	505.38M
EBIT	-63.82M
Loss Per Share	-1.89

Balance Sheet

The company has 437.56 million in cash and 5.40 billion in debt, giving a net cash position of -4.96 billion or -16.37 per share.

Cash & Cash Equivalents	437.56M
Total Debt	5.40B
Net Cash	-4.96B
Net Cash Per Share	-16.37
Equity (Book Value)	3.95B
Book Value Per Share	13.01
Working Capital	-2.89B

Cash Flow

In the last 12 months, operating cash flow was 17.67 million and capital expenditures -553.78 million, giving a free cash flow of -536.11 million.

Operating Cash Flow	17.67M
Capital Expenditures	-553.78M
Free Cash Flow	-536.11M
FCF Per Share	-1.77

Margins

Gross margin is 26.43%, with operating and profit margins of -2.86% and -29.54%.

Gross Margin	26.43%
Operating Margin	-2.86%
Pretax Margin	-28.47%
Profit Margin	-29.54%
EBITDA Margin	22.64%
EBIT Margin	-2.86%
FCF Margin	n/a

Dividends & Yields

Northern Ocean does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-67.32%
Shareholder Yield	-67.32%
Earnings Yield	-25.40%
FCF Yield	-20.66%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Northern Ocean has an Altman Z-Score of -0.41 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-0.41
Piotroski F-Score	4