Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Aker ASA Series A Shares represent ownership in Aker ASA, a Norway-based industrial investment company founded in 1841 and headquartered in Lysaker. The company actively develops businesses and exercises ownership across key sectors including oil and gas exploration and production, maritime assets, seafood and marine biotechnology, renewable energy, green technologies, and real estate. Its portfolio is divided into two main segments: Industrial Holdings, focused on long-term value creation through stakes in entities like Aker BP, Aker Solutions, Aker BioMarine, Solstad Offshore, and Aker Horizons; and Financial Investments, emphasizing strategic opportunities with cash, funds, and other assets. Aker ASA generates the majority of its revenue from Norway and industrial operations, employing around 3,102 people. Notable features include significant ownership by Chairman Kjell Inge Røkke and investments in innovative areas like digital twins via Cognite and krill-based nutrition products. In the financial markets, Aker ASA plays a pivotal role as a conglomerate bridging traditional energy with sustainable transitions, offering diversified exposure to industrial and energy sectors.
NOK 1206.00
+NOK 50.00 (+4.33%)
EOD Jul 1, 2026
40.96% operating margin is above average. ROIC at 5.41%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 6.0%, steady but not accelerating. Free cash flow declined 81% despite revenue growth, conversion is weakening.
Free cash flow declined 81% versus the prior year, cash generation momentum has weakened. Net debt of NOK 39.82B represents 27.5x FCF, leverage limits flexibility.
22.8x earnings, 62.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 12.95B
▲ +6.0% YoY
Net Income (TTM)
NOK 2.38B
▼ -76.1% YoY
Op. Margin
40.96%
▲ +34.6pp YoY
ROIC
5.41%
▲ +4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 1.45B
▼ -81.1% YoY
Op. Cash Flow (TTM)
NOK 3.21B
▼ -65.8% YoY
Net Debt
NOK 39.82B
Cash & Equiv.
NOK 2.88B
3Y CAGR: +10.3%
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At a P/E of 22.8 and a price-to-free-cash-flow of 62.0, Aker ASA Series A Shares (AKER.XOSL) trades above a two-stage DCF intrinsic value of about NOK -198.78 per share, so at NOK 1,206.00 the stock looks overvalued (116.5% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Aker ASA Series A Shares scores 37/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK -198.78 per share for AKER.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK -149.08. At today's NOK 1,206.00, that puts the stock about 116.5% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Aker ASA Series A Shares scores 37 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 41.0% operating margin and a 5.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Aker ASA Series A Shares pays a regular dividend of about NOK 106.18 per share per year (typically in quarterly installments), a yield of roughly 8.8% at the current price. That is a payout ratio of about 331.4% of earnings, so the dividend is stretched at this level. Aker ASA Series A Shares has grown the dividend at roughly 41.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AKER.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. AKER.XOSL currently trades above its estimated intrinsic value and scores 37/100 on quality (lower-quality). It also yields about 8.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.