(PEN) Panoro Energy ASA - OL
Sector: Energy | Industry: Oil & Gas E&P | Exchange: OL (Norway) | Market Cap: 3.812m NOK | Total Return: 21.3% in 12m
Avg Turnover: 22.5M
Qual. Beats: -3
Rev. Trend: 75.2%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Panoro Energy ASA is an Oslo-based independent E&P firm focused on the African energy sector. The company maintains a diversified portfolio of upstream assets across Equatorial Guinea, Gabon, Tunisia, and South Africa, covering the full lifecycle from exploration to active production.
As an independent E&P company, Panoro typically operates through production sharing contracts (PSCs) or joint ventures, allowing it to mitigate capital intensity while participating in high-margin offshore and onshore projects. The companys focus on the African continent leverages established geological basins where existing infrastructure can often accelerate the time from discovery to first oil.
- Working interest production growth at Dussafu and Block G assets
- Brent crude price volatility impacts upstream revenue and cash flow
- Capital allocation strategy prioritizes sustainable dividends and share buybacks
- Exploration success in Equatorial Guinea and South Africa expands reserves
| Net Income: -72.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 6.63 > 1.0 |
| NWC/Revenue: 22.57% < 20% (prev 30.04%; Δ -7.47% < -1%) |
| CFO/TA 0.14 > 3% & CFO 115.0m > Net Income -72.6m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 2.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.1m) vs 12m ago 10.70% < -2% |
| Gross Margin: 92.75% > 18% (prev 80.47%; Δ 12.27% > 0.5%) |
| Asset Turnover: 105.2% > 50% (prev 33.37%; Δ 71.87% > 0%) |
| Interest Coverage Ratio: 6.58 > 6 (EBIT TTM 131.8m / Interest Expense TTM 20.0m) |
| A: 0.22 (Total Current Assets 310.6m - Total Current Liabilities 127.7m) / Total Assets 835.8m |
| B: -0.32 (Retained Earnings -269.3m / Total Assets 835.8m) |
| C: 0.17 (EBIT TTM 131.8m / Avg Total Assets 770.0m) |
| D: 0.36 (Book Value of Equity 221.8m / Total Liabilities 614.0m) |
| Altman-Z'' = 1.91 = BBB |
| DSRI: 0.27 (Receivables 23.4m/25.4m, Revenue 810.4m/235.0m) |
| GMI: 0.87 (GM 80.47% / 92.75%) |
| AQI: 0.86 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 3.45 (Revenue 810.4m / 235.0m) |
| TATA: -0.22 (NI -72.6m - CFO 115.0m) / TA 835.8m) |
| Beneish M = -2.10 (Cap -4..+1) = BB |
As of June 20, 2026, the stock is trading at NOK 29.05 with a total of 436,384 shares traded.
Over the past week, the price has changed by -10.87%,
over one month by -20.00%,
over three months by -8.79% and
over the past year by +21.32%.
Panoro Energy ASA has no consensus analysts rating.
Market Cap USD = 401.0m (3.81b NOK * 0.1052 NOK.USD)
P/E Forward = 30.1205
P/S = 17.7127
P/B = 1.8504
Revenue TTM = 810.4m USD
EBIT TTM = 131.8m USD
EBITDA TTM = 180.6m USD
Long Term Debt = 271.4m USD (from longTermDebt, last quarter)
Short Term Debt = 34.3m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 330.1m USD (401.0m + (null Debt) - CCE 70.9m)
Interest Coverage Ratio = 6.58 (Ebit TTM 131.8m / Interest Expense TTM 20.0m)
EV/FCF = 11.09x (Enterprise Value 330.1m / FCF TTM 29.8m)
FCF Yield = 9.01% (FCF TTM 29.8m / Enterprise Value 330.1m)
FCF Margin = 3.67% (FCF TTM 29.8m / Revenue TTM 810.4m)
Net Margin = -8.96% (Net Income TTM -72.6m / Revenue TTM 810.4m)
Gross Margin = 92.75% ((Revenue TTM 810.4m - Cost of Revenue TTM 58.8m) / Revenue TTM)
Gross Margin QoQ = 93.29% (prev 77.06%)
Tobins Q-Ratio = 0.39 (Enterprise Value 330.1m / Total Assets 835.8m)
Interest Expense / Debt = unknown (Interest Expense 20.0m / Debt none)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 104.1m (EBIT 131.8m * (1 - 21.00%))
Current Ratio = 2.43 (Total Current Assets 310.6m / Total Current Liabilities 127.7m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 180.6m)
Debt / FCF = unknown (Net Debt none / FCF TTM 29.8m)
Total Stockholder Equity = 233.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -9.43% (Net Income -72.6m / Total Assets 835.8m)
RoE = -31.08% (Net Income TTM -72.6m / Total Stockholder Equity 233.5m)
RoCE = 26.11% (EBIT 131.8m / Capital Employed (Equity 233.5m + L.T.Debt 271.4m))
RoIC = 15.60% (NOPAT 104.1m / Invested Capital 667.6m)
WACC = 6.96% (E(401.0m)/V(401.0m) * Re(6.96%) + (debt-free company))
Discount Rate = 6.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.49 | Cagr: -4.05%
[DCF] Terminal Value 75.44% ; FCFF base≈29.8m ; Y1≈29.9m ; Y5≈31.6m
[DCF] Fair Price = 3.73 (EV 492.3m - Net Debt 0.0 = Equity 492.3m / Shares 132.1m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -3
Revenue Correlation: 75.17 | Revenue CAGR: 57.91% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.35 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.54 | Chg30d=-31.36% | Revisions=+0% | GrowthEPS=+3383.9% | GrowthRev=+66.2%
EPS next Year (2027-12-31): EPS=0.89 | Chg30d=+22.36% | Revisions=+33% | GrowthEPS=+63.9% | GrowthRev=+29.2%
[Analyst] Revisions Ratio: +33%