Vow ASA
SSHPF
(Other OTC)

Recent

price

0.26

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
45.18
37.62
1.72
1.45
1.5
1.28
1.84
2.45
2.77
3.03
2.85
4.88
5.73
8.44
3.56
3.85
Revenue per Share
0.6
1.95
0.05
-0.09
0.03
-0.04
0.09
0.2
-0.1
0.18
2.03
0.09
-0.97
-1.1
-0.99
-0.89
Basic EPS, GAAP
4.86
-0.12
0.01
-0.54
0.11
-0.1
0.04
0.15
-0.29
-0.46
-0.49
-1.18
-0.75
0.72
0.07
0.2
Free Cash Flow per Basic Share
3.18
1.06
- -
- -
- -
- -
- -
- -
0.07
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-8.34
-7.21
-0.21
-0.32
-0.21
-0.25
-0.15
0.1
-0.07
0.13
- -
0.09
-0.88
-2.13
-1.87
-2.01
Book Value per Share
-9.21
-9.87
-0.34
0.26
0.19
0.12
0.2
0.41
-0.04
0.12
0.96
0.12
-1.2
-1.2
-1.1
-1.2
Tangible Book Value per Share
4
4
99
100
133
135
135
135
138
152
159
160
160
121
290
278
Basic Weighted Avg Shares
163
136
170
146
200
172
247
330
381
460
454
783
918
1,018
1,034
1,073
Sales/Revenue/Turnover
3.63
10.42
11.7
2.35
4.64
-2.85
9.47
10.89
9.19
5.59
3.83
6.89
-11.61
0.11
-10.31
-7.21
Operating Margin (%)
1
1
1
1
3
2
4
3
11
22
24
32
52
58
167
166
Depreciation Expense
2
7
5
-9
4
-5
13
26
-14
28
323
14
-155
-132
-287
-248
Net Income, GAAP
35.47
31.38
28.42
- -
37.14
- -
29.61
21.26
- -
0.71
- -
35.43
- -
- -
- -
- -
Effective Tax Rate (%)
1.34
5.17
3.03
-6.37
2.2
-2.8
5.1
7.98
-3.55
6.07
71.2
1.83
-16.9
-13
-27.71
-23.08
Profit Margin (%)
-34
-33
-9
26
27
17
33
67
87
130
238
73
30
64
-308
-201
Working Capital
- -
- -
20
- -
1
1
1
1
108
125
251
218
414
315
90
206
LT Debt
-30
-27
-21
45
50
45
58
93
232
321
524
531
396
504
227
199
Total Equity
- -
44.74
54.31
- -
7.73
- -
21.63
31.91
- -
5.49
- -
3.73
- -
- -
- -
- -
Return on Invested Capital (%)
- -
48.12
32.68
- -
-202.05
- -
-401.64
305.24
- -
18.56
- -
6.11
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3,367.71
193.24
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
461
373
292
LT Borrowings
35
34
153
LT Finance Leases
60
56
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
290
290
290
Market Capitalization
616
931
582

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
460
431
404
Cash, Cash Equivalents & STI
23
23
13
Accounts Receivable, Net
131
172
203
Inventories
45
36
22
Total Current Liabilities
759
738
604
Payables & Accruals
- -
- -
- -
ST Debt
461
373
292
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.82%
2.31%
-54.93%
Free Cash Flow
-40.79%
-26.1%
-76.97%
Net Income, GAAP
-104.12%
-24.07%
116.47%
Sales/Revenue/Turnover
20.02%
20.18%
1.57%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
253
268
266
- -
1,018
2025
245
228
214
347
1,034
2026
284
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.18
-0.11
-0.27
- -
-1.1
2025
-0.19
-0.22
-0.19
-0.4
-0.99
2026
-0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Vow ASA develops and delivers advanced technologies that convert biomass and waste into valuable resources, clean energy, and renewable products to decarbonize maritime and industrial sectors; its core offerings include Scanship-branded wastewater purification and waste valorization systems for the cruise industry, pyrolysis solutions for resource recovery from sewage sludge, plastics, end-of-life tires, and biomass, heat treatment systems, food safety technologies, and robotics. The company operates through Maritime and Industrial segments, serving cruise lines, aquaculture, biogas, minerals, metallurgical, waste management, agricultural, and food processing markets across global regions with a focus on Europe, North America, and Norway; subsidiaries include Scanship, C.H. Evensen, and Etia, with headquarters in Lysaker, Norway, and origins tracing to Scanship's founding in 1993, incorporation as Scanship Holding ASA in 2011 (listed on Oslo Stock Exchange since 2014), rebranding to Vow ASA in 2020 following the 2019 acquisition of Etia Technologies and 2022 acquisition of C.H. Evensen. Recent developments encompass a November 2025 EUR 13.8 million contract from a major European shipyard for Scanship equipment on four cruise newbuilds with options for six more vessels through 2032, a September 2025 EUR 11.3 million confirmed cruise newbuild order with an additional option, an October 2025 agreement to deliver a large pyrolysis reactor to Vow Green Metals at Follum, covenant waivers and a new bank agreement to bolster financial stability, receipt of settlement for Vow Green Metals shares and loan repayment in June 2025, and sustained order backlog growth in maritime solutions, aftersales, and industrial projects amid improved margins.

Company News

APIChatGPT
  • Vow ASA (SSHPF) Q1 2026 Earnings Call Transcript

  • Vow ASA: Mandatory notification of Trade by Primary Insider

  • Vow ASA (SSHPF) Q4 2025 Earnings Call Transcript

  • Vow ASA: Record Q4 revenues and strategy revision concluded

  • Vow ASA: Contract of EUR 27 million awarded for equipment deliveries to four newbuilds

  • Vow ASA: Invitation to presentation of Q4 2025 financial results

  • Vow ASA: Expected non-cash accounting impairment

  • Vow ASA: Mandatory notification of trade by primary insiders and their close associates

  • Vow ASA: Contract of EUR 29.6 million awarded for equipment deliveries to two newbuilds

  • Vow ASA: Mandatory notification of trade by primary insiders and their close associates

  • Vow ASA: Contract of EUR 13.8 million awarded for equipment deliveries to four cruise newbuilds, additional six options to be called upon

  • Vow ASA (SSHPF) Q3 2025 Earnings Call Transcript

  • Vow ASA: Invitation to presentation of Q3 2025 financial results

  • Vow ASA: Trading update

  • Vow ASA: Vow to deliver large pyrolysis reactor to Vow Green Metal at Follum in Q4 2025

  • Vow ASA: Covenant waiver obtained

  • Vow ASA: New cruise newbuild order confirmed, additional option remains

  • Vow ASA: Notification of trade by close associate of primary insider

  • Vow ASA: Notification of trade by close associate of primary insider

  • Vow ASA: Mandatory notification of Trade by Primary Insider