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.
Norske Skog ASA is a Norwegian pulp and paper company founded in 1962, historically recognized as one of the world's leading producers of newsprint and magazine paper. Headquartered in Oslo, it operates four mills across Europe and one in Australasia, employing approximately 1,700 people, with an annual production capacity of around 2 million tonnes. The company produces publication papers like standard newsprint, super calendared (SC), and lightweight coated (LWC) magazine papers under the NOR brand, primarily serving newspapers, magazines, catalogues, brochures, and directories. In response to declining demand for publication paper, Norske Skog ASA has diversified into packaging paper, including recycled containerboard grades such as test liner and fluting under the STRATO brand, with conversions at mills in Bruck, Austria, and Golbey, France, boosting capacity to 760,000 tonnes. It also develops bioproducts like nanocellulose (CEBINA) and bio-composites (CEBICO), alongside energy initiatives. As a low-cost producer emphasizing sustainability with 99% certified fibres, Norske Skog ASA maintains strong market positions in Europe and Australasia, adapting to industry shifts through fibre-based innovations and global sales to over 80 countries.
NOK 3.74
+NOK 0.05 (+1.49%)
EOD Jul 1, 2026
The business is unprofitable at the operating level (-3.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.3%, essentially flat. Margins also contracted 1.5pp. This is a business that needs a catalyst.
Negative free cash flow of -NOK 755M. The business is consuming cash, not generating it.
0.9x earnings. 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 9.39B
▲ +2.3% YoY
Net Income (TTM)
NOK 339M
▲ +141.1% YoY
Op. Margin
0.06%
▼ -1.5pp YoY
ROIC
-3.21%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-NOK 577M
▲ +52.0% YoY
Op. Cash Flow (TTM)
NOK 213M
▲ +106.0% YoY
Net Debt
NOK 4.53B
Cash & Equiv.
NOK 851M
3Y CAGR: -13.4%
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At a P/E of 0.9, Norske Skog ASA (NSKOG.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, Norske Skog ASA scores 20/100 on Intrinsiqq's quality scorecard, 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.
Norske Skog ASA scores 20 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 0.1% operating margin and a -3.2% 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 NSKOG.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.