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.
DNO ASA is a Norwegian independent oil and gas company specializing in the exploration, development, and production of hydrocarbons primarily in the Middle East, North Sea, and West Africa. Founded in 1971 and headquartered in Oslo, it holds significant operating interests, including 75% in the onshore Tawke and Peshkabir fields in Iraq's Kurdistan region, where it pioneered international operations starting in 2004 and remains a leading producer with over 110,000 barrels of oil per day historically. DNO ASA also maintains an extensive portfolio of offshore exploration licenses across Norway's Continental Shelf, the United Kingdom, and Yemen, alongside interests in Côte d'Ivoire's Block CI-27. Re-entering the North Sea in 2017 via acquisitions, the company advances projects like the Brasse field (to be renamed Bestla), targeting production from 2027 with estimated recoverable reserves of 24 million barrels. As Norway's oldest oil firm, DNO ASA plays a key role in global energy markets through its focus on high-impact assets in challenging frontiers, balancing mature production with exploratory upside.
NOK 16.14
NOK 0.04 (-0.25%)
EOD Jul 2, 2026
29.33% operating margin is above average. ROIC at 9.44%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 121.0% YoY with margins expanding 7.4pp. However, free cash flow softened 167%, worth monitoring whether this is timing or structural.
Free cash flow declined 167% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$27M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.91B
▲ +121.0% YoY
Net Income (TTM)
$29M
▲ +7.0% YoY
Op. Margin
35.95%
▲ +7.4pp YoY
ROIC
9.44%
▲ +3.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$187M
▼ -166.5% YoY
Op. Cash Flow (TTM)
$969M
▲ +188.0% YoY
Net Debt
$930M
Cash & Equiv.
$436M
3Y CAGR: +2.3%
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Dno Asa (DNO.XOSL) trades above a two-stage DCF intrinsic value of about $2.37 per share, so at $16.14 the stock looks overvalued (85.3% 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, Dno Asa scores 38/100 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 10.8%; 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 $2.37 per share for DNO.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 $1.77. At today's $16.14, that puts the stock about 85.3% 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.
Dno Asa scores 38 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 35.9% operating margin and a 9.4% 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, Dno Asa pays a regular dividend of about $0.18 per share per year (typically in quarterly installments), a yield of roughly 10.8% at the current price. That is a payout ratio of about 596.9% of earnings, so the dividend is stretched at this level. Dno Asa has grown the dividend at roughly 61.5% 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 DNO.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. DNO.XOSL currently trades above its estimated intrinsic value and scores 38/100 on quality (lower-quality). It also yields about 10.8%. 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.