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.
Nekkar ASA is a publicly listed industrial holding company based in Kristiansand, Norway, that owns and develops technology firms focused on ocean-based industries. It invests along structural megatrends like sustainable oceans, robotics, intelligent logistics, and digital solutions, applying an active buy-to-own strategy with a 50-year heritage from its Syncrolift operations. The company operates primarily through segments such as Shipyard Solutions, which generates the majority of revenue via shiplift and docking systems, transfer systems, and FastDocking products for shipyards and naval bases, and Digital Solutions serving internal and external clients. Key offerings include load handling cranes, fish transfer systems for aquaculture via FiiZK closed cage solutions, SkyWalker wind turbine tools for renewables, and software for offshore workflows, supporting sectors like offshore energy, defense, aquaculture, and renewables. With around 130 employees, Nekkar derives substantial revenue from South Asia while maintaining a global presence across Europe, Asia, America, Africa, and Australia, emphasizing smart design, digitalization, electrification, and automation for efficient, sustainable solutions.
NOK 14.30
+NOK 0.15 (+1.06%)
Price from 2 days ago
The business is unprofitable at the operating level (-2.33% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.4% YoY. Margins deteriorated 15.4pp alongside, both lines moving the wrong way.
Free cash flow declined 86% versus the prior year, cash generation momentum has weakened. ROIC dropped from 14.82% to -2.35%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 571M
▼ -8.4% YoY
Net Income (TTM)
-NOK 35M
▼ -140.2% YoY
Op. Margin
-2.33%
▼ -15.4pp YoY
ROIC
-2.35%
▼ -17.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 16M
▼ -85.9% YoY
Op. Cash Flow (TTM)
NOK 36M
▼ -75.4% YoY
Net Debt
-NOK 126M
Net Cash Position
Cash & Equiv.
NOK 150M
3Y CAGR: +13.8%
3Y CAGR: +36.7%
Continue Research
Nekkar ASA (NKR.XOSL) trades above a two-stage DCF intrinsic value of about NOK 9.46 per share, so at NOK 14.30 the stock looks overvalued (33.8% 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, Nekkar ASA scores 56/100 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 0.4%; 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 9.46 per share for NKR.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 7.10. At today's NOK 14.30, that puts the stock about 33.8% 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.
Nekkar ASA scores 56 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a -2.3% operating margin and a -2.3% 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, Nekkar ASA pays a regular dividend of about NOK 0.06 per share per year (typically in quarterly installments), a yield of roughly 0.4% at the current price. 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 NKR.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. NKR.XOSL currently trades above its estimated intrinsic value and scores 56/100 on quality (mixed). It also yields about 0.4%. 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.