1. Norway Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Norske Skog ASA

Norske Skog ASA

3.69
EUR
-0.38
(-9.45%)
0.10EPS
37.36P/E
317.72MMarket Cap
Norske Skog ASA
GETTEX:0BQ
(Gettex)

Recent

price

3.69

P/E

ratio

37.36

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
NOK
100.23
99.55
87.41
70.25
63.97
45.86
47.1
41.32
150.64
147.88
97.31
105.78
154.16
116.64
108.88
111.38
113.76
Revenue per Share
-13.03
-13.35
-14.63
-9.71
-7.92
-6.07
1.17
-12.73
18.48
24.78
-19.99
-3.9
27.27
5.67
-11.58
4.76
1.13
Basic EPS, GAAP
-0.07
-0.18
2.58
-2.43
-0.39
-3.8
-0.29
0.46
7.3
2.82
-0.88
-8.92
-1.99
-13.63
-18.55
-8.9
-5.69
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.47
- -
- -
0.67
- -
- -
- -
Dividend per Share
53.49
38.67
21.57
11.33
6.69
-1.21
0.66
-5.11
28.67
66.57
39.01
33.24
62.69
72.61
63.46
68.58
68.37
Book Value per Share
52.65
37.9
20.36
10.54
6.21
-1.67
0.55
-5.19
28.3
66.11
38.34
33.01
62.54
72.47
63.33
68.38
68.19
Tangible Book Value per Share
189
190
190
190
190
252
252
279
83
83
94
93
94
85
85
85
85
Basic Weighted Avg Shares
18,986
18,904
16,592
13,339
12,150
11,538
11,849
11,527
12,428
12,200
9,173
9,848
14,537
9,891
9,233
9,445
9,641
Sales/Revenue/Turnover
-11.36
-0.77
3.31
1.01
0.54
-0.1
3.1
1.87
4.61
8.64
1.49
2.16
16.3
5.09
-2.24
-3.71
-0.75
Operating Margin (%)
1,991
3,627
3,021
728
735
767
1,920
2,307
446
664
888
411
545
602
518
568
647
Depreciation Expense
-2,469
-2,536
-2,778
-1,844
-1,504
-1,526
295
-3,551
1,525
2,044
-1,884
-363
2,572
481
-982
404
96
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
4.87
6.8
- -
- -
7.42
17.05
- -
- -
- -
Effective Tax Rate (%)
-13
-13.42
-16.74
-13.82
-12.38
-13.23
2.49
-30.81
12.27
16.75
-20.54
-3.69
17.69
4.86
-10.64
4.28
1
Profit Margin (%)
4,787
1,809
1,850
342
-881
-734
534
-3,807
844
2,637
1,630
1,986
3,262
2,772
851
509
405
Working Capital
11,717
8,407
7,208
6,973
6,592
7,453
6,429
1,348
2,318
1,470
1,613
2,356
3,431
4,536
4,475
4,403
3,932
LT Debt
10,183
7,359
4,150
2,175
1,285
-230
184
-1,426
2,365
5,492
3,218
3,133
5,909
6,160
5,384
5,818
5,800
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
17.21
34.47
- -
- -
33.67
7.33
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
43.32
34.01
- -
- -
35.15
6.26
- -
- -
- -
Return on Capital (%)
-22.3
-28.97
-48.37
-58.39
-86.94
- -
- -
- -
- -
52.03
-43.26
-11.43
56.89
7.97
-17.01
7.21
1.64
Return on Common Equity (%)

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
974
1,022
1,151
LT Borrowings
4,288
- -
- -
LT Finance Leases
115
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
85
Market Capitalization
1,417
3,226
3,590

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,112
4,231
4,140
Cash, Cash Equivalents & STI
851
653
723
Accounts Receivable, Net
428
1,981
1,733
Inventories
1,371
1,393
1,411
Total Current Liabilities
3,603
3,487
3,735
Payables & Accruals
- -
- -
- -
ST Debt
974
1,022
1,151
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-114.44%
17.14%
8.06%
Free Cash Flow
112.47%
264.32%
-52%
Net Income, GAAP
-314%
-283.17%
-141.14%
Sales/Revenue/Turnover
-0.02%
3.73%
2.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,114
2,259
2,373
2,488
9,233
2025
2,430
2,264
2,279
2,473
9,445
2026
2,379
2,510
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.87
2.89
-1.66
-8.79
-11.58
2025
4.72
0.95
1.9
-2.77
4.76
2026
3.95
-1.95
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Norske Skog ASA Norske Skog ASA produces publication paper, packaging paper, energy, and bio products from mills in Europe and Australasia; publication paper includes newsprint, magazine paper, and directory paper under the NOR brand, while packaging paper comprises recycled containerboard grades such as test liner and fluting under the STRATO brand, and bio products feature nanocellulose like CEBINA and bio-composites like CEBICO. The company operates four mills in Europe, including sites in Norway, Austria, and France, plus one in Australasia, with total paper production capacity of approximately 2 million tonnes and around 2,100 employees across four countries. Founded in 1962 and headquartered at Sjølyst plass 2 in Oslo, Norway, Norske Skog ASA serves customers primarily in European markets with sustainable, low-cost paper solutions based on certified fibers and renewable energy. Recent developments include the EUR 400 million conversion of the Golbey mill in France to recycled containerboard production, adding 550,000 tonnes of capacity and marking the largest investment in company history, bringing total containerboard output to 760,000 tonnes following the earlier Bruck mill project; the planned Q2 2026 launch of NOR Book paper at the Skogn mill with over 140,000 tonnes capacity via a NOK 40 million investment for production flexibility; transition to thermomechanical pulp at Skogn by May 2024 to cut emissions; and the divestiture of Norske Skog Boyer in Australasia to Boyer Capital Pty Ltd, expected to close in Q1 2025.