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.
Hermana Holding ASA is a Norway-based royalty and investment company specializing in holding, managing, and operating royalties, particularly in energy-related sectors. Incorporated in 2023 as a subsidiary of Magnora ASA and listed on the Oslo Stock Exchange since June 2024, it currently generates revenue from FPSO design royalties while pursuing growth through acquisitions of shares, interests in companies, and trading in financial instruments such as royalties and streams. The company targets opportunities in resource-based Nordic economies, focusing on energy manufacturing, trade, intangible rights, raw materials, licenses, and intellectual property. Headquartered in Oslo with low operating costs and no employees, Hermana Holding ASA operates within the financial services sector, specifically asset management and holding companies. It adopts a pragmatic approach to equity investments, emphasizing transformational growth prospects in cyclical industries by securing shares of future revenue streams from promising assets.
€1.27
+€0.02 (+1.20%)
EOD Jul 2, 2026
The business is unprofitable at the operating level (-441.67% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 69.2% YoY. Margins deteriorated 205.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -NOK 5M. The business is consuming cash, not generating it. Operating margin contracted 205.8pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 1M
▼ -69.2% YoY
Net Income (TTM)
-NOK 14M
▼ -850.0% YoY
Op. Margin
-441.67%
▼ -205.8pp YoY
ROIC
-3.59%
▲ +11.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-NOK 5M
▲ +46.4% YoY
Op. Cash Flow (TTM)
-NOK 5M
▲ +46.4% YoY
Net Debt
-NOK 104M
Net Cash Position
Cash & Equiv.
NOK 104M
3Y CAGR: -76.0%
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Hermana Holding ASA (HERMA.XOSL)'s valuation is best read against its own history, its peers, and the growth its price implies. 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, Hermana Holding ASA scores 20/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Hermana Holding ASA scores 20 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -441.7% operating margin and a -3.6% 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.
That depends on valuation and quality together, not either alone. you should weigh HERMA.XOSL's valuation and scores 20/100 on quality (lower-quality). 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.