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.
OKEA ASA is a Norway-based independent oil and gas company operating as a full-scale operator on the Norwegian Continental Shelf. Specializing in maximizing value from mid- and late-life assets, it focuses on the development and production of oil and gas, particularly from mature fields in the North Sea and Norwegian Sea. Key assets include the operated Draugen field, along with non-operated interests in Gjøa (12%), Ivar Aasen (2.77%), and Yme (15%), alongside 6 producing assets and 24 exploration licenses. The company extends asset lifetimes through exploration and development tied to existing infrastructure, emphasizing efficiency, new technologies, and a reduced operational footprint. Headquartered in Trondheim with offices in Kristiansund, Bergen, Stavanger, and Oslo, OKEA ASA employs 488 staff under CEO Svein J. Liknes. Its flat organizational structure and 'One Team' philosophy foster collaboration, guided by core values of openness, engagement, responsibility, and ambition. In the energy sector's oil and gas exploration and production industry, OKEA ASA revitalizes divested assets, enhances production efficiency, and contributes significantly to Norway's offshore hydrocarbon output.
NOK 2.58
NOK 0.10 (-3.73%)
EOD Jul 1, 2026
Margins and capital returns are both well above average: 27.83% operating margin, ROIC at 47.20%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 23.6% YoY. Margins deteriorated 13.2pp alongside, both lines moving the wrong way.
Free cash flow declined 166% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$51M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$781M
▼ -23.6% YoY
Net Income (TTM)
-$40M
▼ -254.0% YoY
Op. Margin
24.93%
▼ -13.2pp YoY
ROIC
47.20%
▲ +33.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$135M
▼ -165.8% YoY
Op. Cash Flow (TTM)
$56M
▼ -92.0% YoY
Net Debt
$20M
Cash & Equiv.
$292M
3Y CAGR: -50.3%
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Okea Asa (OKEA.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, Okea Asa scores 16/100 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.
Okea Asa scores 16 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 24.9% operating margin and a 47.2% 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 OKEA.XOSL's valuation and scores 16/100 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.