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.
Moreld ASA is a Norway-based industrial multi-disciplinary engineering group that provides integrated solutions for the energy, marine, and industrial sectors worldwide. As the parent company of Ocean Installer, Moreld Apply, and Global Maritime, it delivers end-to-end services across the offshore energy value chain. Ocean Installer specializes in marine and subsea construction, including SURF (subsea umbilicals, risers, and flowlines), moorings, offshore renewables, inspection, repair and maintenance, and carbon capture and storage for oil and gas developments. Moreld Apply offers maintenance and modification services for offshore oil and gas platforms on the Norwegian Continental Shelf, along with support for renewable projects such as carbon capture, hydrogen, and offshore wind. Global Maritime provides engineering, consultancy, geoscience, and marine operations support throughout the full offshore project lifecycle. With operations in multiple countries, Moreld ASA focuses on engineering, procurement, construction, installation, and decarbonization services, supporting clients in offshore energy, renewables, marine, aquaculture, and onshore markets while emphasizing sustainability and environmental responsibility. Incorporated in 2021 and headquartered in Stavanger, Norway, it serves as a key player in enabling the energy transition through innovative offshore and marine expertise.
NOK 1.65
NOK 0.03 (-1.56%)
EOD Jul 1, 2026
Operating margin is thin at 8.35%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 38.0%, still solid.
Even for strong businesses, today's 3x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
2.9x earnings, 0.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 8.31B
▲ +38.0% YoY
Net Income (TTM)
NOK 102M
▲ +140.5% YoY
Op. Margin
3.37%
▲ +1.9pp YoY
ROIC
15.74%
▲ +7.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 1.35B
▲ +3.5% YoY
Op. Cash Flow (TTM)
NOK 1.71B
▲ +2.8% YoY
Net Debt
NOK 1.73B
Cash & Equiv.
NOK 1.09B
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At a P/E of 2.9 and a price-to-free-cash-flow of 0.3, Moreld ASA (MORLD.XOSL) trades below a two-stage DCF intrinsic value of about NOK 96.62 per share, so at NOK 1.65 the stock looks undervalued (5,769.8% below 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, Moreld ASA scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 78.8%; 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 96.62 per share for MORLD.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 72.46. At today's NOK 1.65, that puts the stock about 5,769.8% below 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.
Moreld ASA scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 3.4% operating margin and a 15.7% 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, Moreld ASA pays a regular dividend of about NOK 1.30 per share per year (typically in quarterly installments), a yield of roughly 78.8% at the current price. That is a payout ratio of about 292.3% 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 MORLD.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. MORLD.XOSL currently trades below its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 78.8%. 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.