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Norway
In shortNorske Skog ASA is profitable, generates cash and carries moderate debt, with revenue growing (+2.3% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 6.0% | 37/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.3% | 37/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.2% | 36/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.0% | 26/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.14× | 28/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.92× | 60/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 7.63× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.69× | 2/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.4% | 30/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.56× | 33/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 34.4% | 0/100 |
| Operating margin volatility | 12.4% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -1.4% | 9/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
NOK millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 9,173 | 9,848 | 14,537 | 9,233 | 9,445 |
| Operating income | (1,339) | (160) | 2,845 | (60) | 563 |
| Interest expense | 170 | 200 | 190 | 351 | 333 |
| Pre-tax income | (1,698) | (295) | 2,778 | (566) | 354 |
| Income tax | 186 | 68 | 206 | 94 | (88) |
| Net income | (1,884) | (363) | 2,572 | (982) | 404 |
| Diluted EPS | −kr22.84 | −kr3.90 | kr27.28 | −kr11.57 | kr4.76 |
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 26, 2026