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.
BlueNord ASA is a Norway-based oil and gas company specializing in the production and development of resources that support the energy transition towards net zero. Headquartered in Oslo and founded in 2005, it operates primarily in the Danish North Sea through a 36.8% non-operated interest in the Danish Underground Consortium (DUC), which encompasses four hubs—Dan, Halfdan, Gorm, and Tyra—containing 15 fields with over 50 years of production history, export pipelines, and extensive infrastructure. As the second-largest oil and gas producer in Denmark, BlueNord holds significant net 2P reserves and near-term contingent resources of 220 million barrels of oil equivalent (mmboe), plus longer-term 2C resources exceeding 200 mmboe. Its strategy emphasizes balancing energy security with emission reductions, including investments in Tyra's redevelopment to more than double net production to over 55,000 barrels of oil equivalent per day, extend field life to 2042, cut emissions by 30%, and lower operating expenses. Formerly Norwegian Energy Company ASA, BlueNord rebranded in April 2023 and employs around 41 highly skilled professionals focused on sustainable North Sea operations.
NOK 490.50
NOK 8.00 (-1.60%)
EOD Jul 1, 2026
22.08% operating margin is above average. ROIC at 11.66%.
Revenue grew 46.7%, still solid.
Even for strong businesses, today's 18x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
17.6x earnings, 2.7x 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)
$1.18B
▲ +46.7% YoY
Net Income (TTM)
$84M
▲ +257.6% YoY
Op. Margin
26.71%
▼ -1.3pp YoY
ROIC
11.66%
▲ +5.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$470M
▲ +551.7% YoY
Op. Cash Flow (TTM)
$505M
▲ +173.1% YoY
Net Debt
$926M
Cash & Equiv.
$143M
3Y CAGR: +2.1%
3Y CAGR: +5.2%
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At a P/E of 17.6 and a price-to-free-cash-flow of 2.7, BlueNord ASA (BNOR.XOSL) trades above a two-stage DCF intrinsic value of about $488.73 per share, so at $490.50 the stock looks overvalued (0.4% 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, BlueNord ASA scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 27.0%; 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 $488.73 per share for BNOR.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 $366.54. At today's $490.50, that puts the stock about 0.4% 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.
BlueNord ASA scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 26.7% operating margin and a 11.7% 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, BlueNord ASA pays a regular dividend of about $13.34 per share per year (typically in quarterly installments), a yield of roughly 27.0% at the current price. That is a payout ratio of about 407.4% of earnings, so the dividend is stretched at this level. 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 BNOR.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. BNOR.XOSL currently trades above its estimated intrinsic value and scores 60/100 on quality (solid). It also yields about 27.0%. 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.