(HUNT) Hunter ASA - OL
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: OL (Norway) | Market Cap: 1.255m NOK | Total Return: 924.5% in 12m
Avg Turnover: 30.5M
Warnings
Earnings expected to drop: P/E 2.0 → Forward 12.2
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind
Hunter Group ASA is an Oslo-based energy shipping company specializing in the chartering of Very Large Crude Carriers (VLCCs). Originally founded in 2003 as Badger Explorer ASA, the firm transitioned from oil services to its current focus on maritime transport and shipping investments in 2017.
The company operates within the crude oil tanker market, where profitability is heavily dictated by time-charter equivalent (TCE) rates and global oil demand. VLCCs are the largest standardized tankers in the industry, typically capable of transporting approximately two million barrels of crude oil per voyage.
As a micro-cap entity in the Energy sector, Hunter Group’s business model relies on the strategic acquisition, operation, or divestment of high-specification vessels. The sector is characterized by high capital intensity and cyclical freight rates influenced by OPEC+ production levels and global refinery throughput.
- VLCC spot rates and chartering demand drive core revenue volatility
- Strategic shift to eco-design tankers impacts operating margins and fuel efficiency
- Capital allocation strategy prioritizes dividend distributions and share buybacks
- Global crude oil trade flows and OPEC+ production levels dictate vessel utilization
| Net Income: 68.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.21 > 0.02 and ΔFCF/TA 130.1 > 1.0 |
| NWC/Revenue: 162.6% < 20% (prev -39.03%; Δ 201.6% < -1%) |
| CFO/TA 0.06 > 3% & CFO 4.41m > Net Income 68.3m |
| Net Debt (-10.8m) to EBITDA (46.6m): -0.23 < 3 |
| Current Ratio: 8.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (134.8m) vs 12m ago 3.22% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 95.55% > 50% (prev -115.8%; Δ 211.3% > 0%) |
| Interest Coverage Ratio: 5.17k > 6 (EBIT TTM 46.5m / Interest Expense TTM 9.00k) |
| A: 0.88 (Total Current Assets 77.3m - Total Current Liabilities 9.19m) / Total Assets 77.4m |
| B: 0.80 (Retained Earnings 62.0m / Total Assets 77.4m) |
| C: 1.06 (EBIT TTM 46.5m / Avg Total Assets 43.8m) |
| D: 3.49 (Book Value of Equity 60.2m / Total Liabilities 17.2m) |
| Altman-Z'' = 19.18 = AAA |
As of June 20, 2026, the stock is trading at NOK 9.10 with a total of 951,195 shares traded.
Over the past week, the price has changed by +1.93%,
over one month by +29.39%,
over three months by +62.74% and
over the past year by +924.53%.
Hunter ASA has no consensus analysts rating.
Market Cap USD = 132.0m (1.26b NOK * 0.1052 NOK.USD)
P/E Trailing = 1.96
P/E Forward = 12.1951
P/S = 29.2769
P/B = 2.1961
Revenue TTM = 41.9m USD
EBIT TTM = 46.5m USD
EBITDA TTM = 46.6m USD
Long Term Debt = 44.0k USD (from longTermDebt, last quarter)
Short Term Debt = 66.0k USD (from shortLongTermDebt, last quarter)
Debt = 126k USD (Leases only: 126k)
Net Debt = -10.8m USD (calculated: Debt 126k - CCE 10.9m)
Enterprise Value = 121.2m USD (132.0m + Debt 126k - CCE 10.9m)
Interest Coverage Ratio = 5.17k (Ebit TTM 46.5m / Interest Expense TTM 9.00k)
EV/FCF = 7.52x (Enterprise Value 121.2m / FCF TTM 16.1m)
FCF Yield = 13.29% (FCF TTM 16.1m / Enterprise Value 121.2m)
FCF Margin = 38.48% (FCF TTM 16.1m / Revenue TTM 41.9m)
Net Margin = 163.1% (Net Income TTM 68.3m / Revenue TTM 41.9m)
Gross Margin = unknown ((Revenue TTM 41.9m - Cost of Revenue TTM 70.0k) / Revenue TTM)
Tobins Q-Ratio = 1.57 (Enterprise Value 121.2m / Total Assets 77.4m)
Interest Expense / Debt = 7.14% (Interest Expense 9.00k / Debt 126k)
Taxrate = 11.31% (8.71m / 77.0m)
NOPAT = 41.2m (EBIT 46.5m * (1 - 11.31%))
Current Ratio = 8.41 (Total Current Assets 77.3m / Total Current Liabilities 9.19m)
Debt / Equity = 0.00 (Debt 126k / totalStockholderEquity, last quarter 60.2m)
Debt / EBITDA = -0.23 (Net Debt -10.8m / EBITDA 46.6m)
Debt / FCF = -0.67 (Net Debt -10.8m / FCF TTM 16.1m)
Total Stockholder Equity = 27.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 155.9% (Net Income 68.3m / Total Assets 77.4m)
RoE = 251.8% (Net Income TTM 68.3m / Total Stockholder Equity 27.1m)
RoCE = 171.1% (EBIT 46.5m / Capital Employed (Equity 27.1m + L.T.Debt 44.0k))
RoIC = 62.39% (NOPAT 41.2m / Invested Capital 66.1m)
WACC = 6.50% (E(132.0m)/V(132.2m) * Re(6.50%) + D(126k)/V(132.2m) * Rd(7.14%) * (1-Tc(0.11)))
Discount Rate = 6.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.93 | Cagr: 105.7%
[DCF] Terminal Value 75.44% ; FCFF base≈16.1m ; Y1≈16.2m ; Y5≈17.1m
[DCF] Fair Price = 2.06 (EV 266.6m - Net Debt -10.8m = Equity 277.4m / Shares 134.8m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0