DNORD Stock Analysis: Dampskibsselskabet Norden AS | CO
Marine Shipping | CO, Denmark | Market Cap: 9.959m DKK | 12M Return: 53.1% | DK0060083210 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.9M
EPS Trend: 39.7%
Rev. Trend: -68.7%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 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 Denmark-based shipping company founded in 1871 and headquartered in Hellerup. The company owns and operates dry cargo and tanker vessels globally through six segments: Dry operator (large vessels), Dry operator (small vessels), Tanker operator, Dry owner, Tanker owner, and Logistics.
Its services cover ocean and port-based freight for bulk cargo (such as agricultural products, ores, minerals, and coal), project cargo (including windmill components, machinery, steel, and forestry products), and liquid bulk (such as diesel, gasoline, jet fuel, and soft oil). The fleet combines owned and leased vessels, externally chartered tonnage, and a tanker pool.
Note: The combined operator and owner segment structure is typical in the marine transportation industry, where shipping companies use a dual model of running commercial operations across third-party chartered tonnage alongside their own vessels. This structure allows for capacity flexibility in response to the cyclical demand patterns common to both dry bulk and product tanker markets.
- Baltic Dry Index swings on China iron ore demand
- Tanker rates surge amid Red Strait shipping disruptions
- Fleet renewal program pressures near-term margins
| 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 (951.6m) to EBITDA (421.4m): 2.26 < 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 October 27, 2026, the stock is trading at DKK 383.20 with a total of 51,768 shares traded. Over the past week, the price has changed by +3.12%, over one month by +1.97%, over three months by +16.54% and over the past year by +53.07%.
Current recommended Stop Loss: 366.50 (which is 4.4% or 1.3 ATR below the current price).
Dampskibsselskabet Norden AS has no consensus analysts rating.
Market Cap USD = 1.49b (9.96b DKK * 0.1495 DKK.USD)
P/E Trailing = 10.979
P/E Forward = 5.102
P/S = 2.9228
P/B = 1.1973
P/EG = -77.3
Revenue TTM = 3.51b USD
EBIT TTM = 136.3m USD
EBITDA TTM = 421.4m USD
Long Term Debt = 233.5m USD (from longTermDebt, last quarter)
Short Term Debt = 290.8m USD (from shortTermDebt, last quarter)
Debt = 1.33b USD (from shortLongTermDebtTotal, last quarter) + Leases 523.6m
Net Debt = 951.6m USD (calculated: Debt 1.33b - CCE 377.6m)
Enterprise Value = 2.44b USD (1.49b + Debt 1.33b - CCE 377.6m)
Interest Coverage Ratio = 3.21 (Ebit TTM 136.3m / Interest Expense TTM 42.4m)
EV/FCF = -9.19x (Enterprise Value 2.44b / FCF TTM -265.5m)
FCF Yield = -10.88% (FCF TTM -265.5m / Enterprise Value 2.44b)
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 = 0.94 (Enterprise Value 2.44b / Total Assets 2.60b)
Interest Expense / Debt = 3.19% (Interest Expense 42.4m / Debt 1.33b)
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 = 1.00 (Debt 1.33b / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = 2.26 (Net Debt 951.6m / EBITDA 421.4m)
Debt / FCF = -3.58 (negative FCF - burning cash) (Net Debt 951.6m / 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 = 8.90% (EBIT 136.3m / Capital Employed (Equity 1.30b + L.T.Debt 233.5m))
RoIC = 6.17% (NOPAT 120.9m / Invested Capital 1.96b)
WACC = 4.34% (E(1.49b)/V(2.82b) * Re(5.68%) + D(1.33b)/V(2.82b) * Rd(3.19%) * (1-Tc(0.11)))
Discount Rate = 5.68% (= 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=+0.00% | Revisions=+0% | GrowthEPS=-73.0% | GrowthRev=-22.7%
EPS next Year (2027-12-31): EPS=1.29 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+17.1% | GrowthRev=+9.2%