Norske Skog ASA
OSE:NSKOG

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Norske Skog ASA Logo
Norske Skog ASA
OSE:NSKOG
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Price: 22.35 NOK -1.11% Market Closed
Market Cap: 1.9B NOK
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one NSKOG stock under the Base Case scenario is 69.98 NOK. Compared to the current market price of 22.35 NOK, Norske Skog ASA is Undervalued by 68%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NSKOG Relative Value
Base Case
69.98 NOK
Undervaluation 68%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.2
P/S
P/S
Price to Sales
0.2
vs History
90
vs Industry
85
Median 3Y
0.3
Median 5Y
0.3
Industry
0.8
Forward
0.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
35
Median 3Y
3.4
Median 5Y
2.5
Industry
15.4
Forward
-61.4
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
72
Median 3Y
1.7
Median 5Y
2.4
Industry
8.7
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-3.5
Median 5Y
-6.6
Industry
15.9
More Details
0.3
P/B
P/B
Price to Book Value
0.3
vs History
92
vs Industry
75
Median 3Y
0.6
Median 5Y
0.7
Industry
1
More Details
0.5
EV/S
EV/S
Enterprise Value to Sales
0.5
vs History
22
vs Industry
65
Median 3Y
0.5
Median 5Y
0.5
Industry
1.1
Forward
0.4
More Details
1.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
1.6
vs History
14
vs Industry
73
Median 3Y
1.2
Median 5Y
1.2
Industry
5
More Details
15.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.7
vs History
22
vs Industry
16
Median 3Y
4.6
Median 5Y
4.6
Industry
9.6
Forward
7.2
More Details
15.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.7
vs History
22
vs Industry
25
Median 3Y
4.6
Median 5Y
4.6
Industry
16.2
Forward
32.8
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
65
Median 3Y
2.4
Median 5Y
3.5
Industry
10.6
More Details
68.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
68.1
vs History
3
vs Industry
Median 3Y
-11.9
Median 5Y
-10.5
Industry
13.5
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
73
vs Industry
68
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

NSKOG Competitors Multiples
Norske Skog ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
Norske Skog ASA
OSE:NSKOG
1.9B NOK 0.2 -4.5 15.7 15.7
ZA
Sappi Ltd
JSE:SAP
15.6B Zac 0 0 0 0
FI
UPM-Kymmene Oyj
OMXH:UPM
13B EUR 1.3 37.6 8 17.9
BR
Suzano SA
BOVESPA:SUZB3
66.3B BRL 1.3 8.5 5.9 10.7
FI
Stora Enso Oyj
OMXH:STERV
7.9B EUR 0.8 -68.6 -28 -28
UK
Mondi PLC
LSE:MNDI
4.7B GBP 0.7 28.6 193.2 349.8
SE
Holmen AB
STO:HOLM B
59.5B SEK 2.6 20.7 14.5 21.7
CN
Shandong Sun Paper Co Ltd
SZSE:002078
40.9B CNY 1 13.5 12.3 12.3
JP
Oji Holdings Corp
TSE:3861
752.8B JPY 0.4 16.3 8.2 19.6
CL
Empresas CMPC SA
SGO:CMPC
3.9T CLP 0.5 11.7 22.9 22.9
IN
Century Textile and Industries Ltd
NSE:CENTURYTEX
303.1B INR 6.7 472.3 45.1 64
P/E Multiple
Earnings Growth PEG
NO
Norske Skog ASA
OSE:NSKOG
Average P/E: 76.2
Negative Multiple: -4.5 		N/A N/A
ZA
S
Sappi Ltd
JSE:SAP
Not Available
-54%
N/A
FI
UPM-Kymmene Oyj
OMXH:UPM
37.6
51%
0.7
BR
Suzano SA
BOVESPA:SUZB3
8.5
N/A N/A
FI
S
Stora Enso Oyj
OMXH:STERV
Negative Multiple: -68.6 N/A N/A
UK
Mondi PLC
LSE:MNDI
28.6
44%
0.7
SE
Holmen AB
STO:HOLM B
20.7
6%
3.5
CN
Shandong Sun Paper Co Ltd
SZSE:002078
13.5
12%
1.1
JP
Oji Holdings Corp
TSE:3861
16.3
N/A N/A
CL
E
Empresas CMPC SA
SGO:CMPC
11.7
5%
2.3
IN
Century Textile and Industries Ltd
NSE:CENTURYTEX
472.3
52%
9.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
Norske Skog ASA
OSE:NSKOG
Average EV/EBITDA: 36.2
15.7
201%
0.1
ZA
S
Sappi Ltd
JSE:SAP
Not Available
16%
N/A
FI
UPM-Kymmene Oyj
OMXH:UPM
8
3%
2.7
BR
Suzano SA
BOVESPA:SUZB3
5.9
11%
0.5
FI
S
Stora Enso Oyj
OMXH:STERV
Negative Multiple: -28
3%
N/A
UK
Mondi PLC
LSE:MNDI
193.2
14%
13.8
SE
Holmen AB
STO:HOLM B
14.5
12%
1.2
CN
Shandong Sun Paper Co Ltd
SZSE:002078
12.3
23%
0.5
JP
Oji Holdings Corp
TSE:3861
8.2
7%
1.2
CL
E
Empresas CMPC SA
SGO:CMPC
22.9
46%
0.5
IN
Century Textile and Industries Ltd
NSE:CENTURYTEX
45.1
-17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
Norske Skog ASA
OSE:NSKOG
Average EV/EBIT: 59.4
15.7
95%
0.2
ZA
S
Sappi Ltd
JSE:SAP
Not Available
43%
N/A
FI
UPM-Kymmene Oyj
OMXH:UPM
17.9
18%
1
BR
Suzano SA
BOVESPA:SUZB3
10.7
15%
0.7
FI
S
Stora Enso Oyj
OMXH:STERV
Negative Multiple: -28
45%
N/A
UK
Mondi PLC
LSE:MNDI
349.8
19%
18.4
SE
Holmen AB
STO:HOLM B
21.7
15%
1.4
CN
Shandong Sun Paper Co Ltd
SZSE:002078
12.3
6%
2
JP
Oji Holdings Corp
TSE:3861
19.6
N/A N/A
CL
E
Empresas CMPC SA
SGO:CMPC
22.9
15%
1.5
IN
Century Textile and Industries Ltd
NSE:CENTURYTEX
64
-39%
N/A

See Also

Summary
NSKOG intrinsic value, competitors valuation, and company profile.
DCF Valuation
NSKOG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NSKOG stock valuation using valuation multiples.
Wall Street Estimates
NSKOG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NSKOG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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