DNORD Stock Analysis: Dampskibsselskabet Norden AS | CO
Marine Shipping | CO, Denmark | Market Cap: 10.120m DKK | 12M Return: 62.2% | DK0060083210 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.4M
EPS Trend: 39.7%
Rev. Trend: -68.7%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dampskibsselskabet Norden A/S is a Danish shipping company founded in 1871 and headquartered in Hellerup, Denmark. It is listed on the Copenhagen exchange under the ticker DNORD and operates in the Marine Transportation sub-industry, providing ocean and port-based freight services worldwide through both owned and chartered tonnage.
The company runs a diversified model across six segments: Dry operator (large and small vessels), Tanker operator, Dry owner, Tanker owner, and Logistics. Its dry cargo business handles bulk commodities such as agricultural products, ores, minerals, and coal, as well as project cargo including windmill components, machinery, steel, and forestry products. Its tanker business transports liquid bulk such as diesel, gasoline, jet fuel, and soft oil. Nordens fleet combines owned vessels, leased ships, externally chartered tonnage, and a tanker pool, giving it the ability to adjust capacity with market conditions-a structural feature common in global shipping, where operators typically scale exposure in response to commodity-driven demand cycles in the dry bulk and product tanker markets.
- Capesize rates surge on strong iron ore and coal demand
- Tanker earnings rise on Russia sanctions and Red Sea rerouting
- Capital returns continue with elevated dividends and active buyback program
| Net Income: 150.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -14.84 > 1.0 |
| NWC/Revenue: 9.93% < 20% (prev 10.73%; Δ -0.79% < -1%) |
| CFO/TA 0.12 > 3% & CFO 308.9m > Net Income 150.6m |
| Net Debt (899.1m) to EBITDA (359.7m): 2.50 < 3 |
| Current Ratio: 1.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.8m) vs 12m ago -3.85% < -2% |
| Gross Margin: 10.71% > 18% (prev 3.94%; Δ 6.77% > 0.5%) |
| Asset Turnover: 144.7% > 50% (prev 163.4%; Δ -18.64% > 0%) |
| Interest Coverage Ratio: 3.21 > 6 (EBIT TTM 136.3m / Interest Expense TTM 42.4m) |
| A: 0.13 (Total Current Assets 1.10b - Total Current Liabilities 754.1m) / Total Assets 2.60b |
| B: 0.51 (Retained Earnings 1.34b / Total Assets 2.60b) |
| C: 0.06 (EBIT TTM 136.3m / Avg Total Assets 2.42b) |
| D: 1.04 (Book Value of Equity 1.32b / Total Liabilities 1.27b) |
| Altman-Z'' = 4.03 = AA |
| DSRI: 1.38 (Receivables 538.7m/407.3m, Revenue 3.51b/3.67b) |
| GMI: 0.37 (GM 3.94% / 10.71%) |
| AQI: 0.83 (AQ_t 0.05 / AQ_t-1 0.07) |
| SGI: 0.96 (Revenue 3.51b / 3.67b) |
| TATA: -0.06 (NI 150.6m - CFO 308.9m) / TA 2.60b) |
| Beneish M = -3.42 (Cap -4..+1) = AA |
As of September 01, 2026, the stock is trading at DKK 359.60 with a total of 51,574 shares traded. Over the past week, the price has changed by -2.44%, over one month by +7.48%, over three months by +18.53% and over the past year by +62.18%.
Current recommended Stop Loss: 343.60 (which is 4.4% or 1.4 ATR below the current price).
Dampskibsselskabet Norden AS has no consensus analysts rating.
Market Cap USD = 1.57b (10.1b DKK * 0.155 DKK.USD)
P/E Trailing = 11.0243
P/E Forward = 5.102
P/S = 2.9699
P/B = 1.1376
P/EG = -77.3
Revenue TTM = 3.51b USD
EBIT TTM = 136.3m USD
EBITDA TTM = 359.7m USD
Long Term Debt = 255.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 290.8m USD (from shortTermDebt, last quarter)
Debt = 1.28b USD (from shortLongTermDebtTotal, last quarter) + Leases 471.1m
Net Debt = 899.1m USD (calculated: Debt 1.28b - CCE 377.6m)
Enterprise Value = 2.47b USD (1.57b + Debt 1.28b - CCE 377.6m)
Interest Coverage Ratio = 3.21 (Ebit TTM 136.3m / Interest Expense TTM 42.4m)
EV/FCF = -9.29x (Enterprise Value 2.47b / FCF TTM -265.5m)
FCF Yield = -10.76% (FCF TTM -265.5m / Enterprise Value 2.47b)
FCF Margin = -7.57% (FCF TTM -265.5m / Revenue TTM 3.51b)
Net Margin = 4.29% (Net Income TTM 150.6m / Revenue TTM 3.51b)
Gross Margin = 10.71% ((Revenue TTM 3.51b - Cost of Revenue TTM 3.13b) / Revenue TTM)
Gross Margin QoQ = 9.21% (prev 11.71%)
Tobins Q-Ratio = 0.95 (Enterprise Value 2.47b / Total Assets 2.60b)
Interest Expense / Debt = 3.32% (Interest Expense 42.4m / Debt 1.28b)
Taxrate = 11.29% (18.5m / 164.0m)
NOPAT = 120.9m (EBIT 136.3m * (1 - 11.29%))
Current Ratio = 1.46 (Total Current Assets 1.10b / Total Current Liabilities 754.1m)
Debt / Equity = 0.96 (Debt 1.28b / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = 2.50 (Net Debt 899.1m / EBITDA 359.7m)
Debt / FCF = -3.39 (negative FCF - burning cash) (Net Debt 899.1m / FCF TTM -265.5m)
Total Stockholder Equity = 1.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.22% (Net Income 150.6m / Total Assets 2.60b)
RoE = 11.61% (Net Income TTM 150.6m / Total Stockholder Equity 1.30b)
RoCE = 8.78% (EBIT 136.3m / Capital Employed (Equity 1.30b + L.T.Debt 255.2m))
RoIC = 6.17% (NOPAT 120.9m / Invested Capital 1.96b)
WACC = 4.70% (E(1.57b)/V(2.85b) * Re(6.12%) + D(1.28b)/V(2.85b) * Rd(3.32%) * (1-Tc(0.11)))
Discount Rate = 6.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.57 | Cagr: -4.76%
[DCF] Fair Price = unknown (Cash Flow -265.5m)
EPS Correlation: 39.70 | EPS CAGR: 36.22% | SUE: N/A | # QB: 0
Revenue Correlation: -68.70 | Revenue CAGR: -5.98% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.11 | Chg30d=+41.22% | Revisions=+0% | GrowthEPS=-73.0% | GrowthRev=-22.7%
EPS next Year (2027-12-31): EPS=1.29 | Chg30d=-16.30% | Revisions=+0% | GrowthEPS=+17.1% | GrowthRev=+9.2%