Dampskibsselskabet Norden AS (DNORD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dampskibsselskabet Norden AS stock DKK 296, price DKK 357, that is 17.1% below the price, quality 57 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range kr 83.20 – kr 401.80 · fair‑value band kr 270.25 – kr 358.09 · the kr 356.80 price screens above the kr 295.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow Dampskibsselskabet Norden AS in your weekly email
Every Wednesday you see whether Dampskibsselskabet Norden AS is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Dampskibsselskabet Norden A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. It operates through the Dry operator " large vessels, Dry operator " small vessels, Tanker operator, Dry owner, Tanker owner, and Logistics segments.
Show moreShow less
The company offers ocean- and port-based freight services for bulk cargo, such as agricultural, 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.
Its fleet includes owned and leased vessels, externally chartered tonnage, and its tanker pool. Dampskibsselskabet Norden A/S was founded in 1871 and is headquartered in Hellerup, Denmark.
Stock analysis
Dampskibsselskabet Norden AS (DNORD) currently trades at kr 356.80, while our model-based Fair Value estimate is kr 295.73, 17% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 553.34 per share, and 5 of the 16 models we run sit above the kr 356.80 price.
Bear case: the Dividend Discount group reads lowest at kr 138.92, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 270.25 (bear) to kr 358.09 (bull), the price of kr 356.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Dampskibsselskabet Norden AS reported revenue of $3.2B in FY2025 versus $3.6B in FY2021, a compound −2.2%/yr. Reported net income was $125M in FY2025, compounding −11.6%/yr from FY2021.
Key figures
Market cap 9.9B DKK (≈ $1.5B) Small · P/E ratio 8.9 · P/S ratio 0.34 · EPS (TTM) kr 39.88 · Dividend yield 2.8% · Net margin 3.8% · Return on equity 13.2% · Return on assets (EBIT) 13.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −17%, DNORD screens richer than that median.
Fair Value models
Bearkr 270.25Fair Value kr 295.73Bullkr 358.09
Price kr 356.80 · Downside -17.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 25.54 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−19.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−15.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)2.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 2%
Compare Dampskibsselskabet Norden AS with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−17.1% · Below median
Profitability
Return on equity (12 months)13.2% · Above median
Return on assets5.3% · Above median
Net margin (12 months)4.6% · Below median
Operating margin (12 months)4.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)52.1% · Top 25%
Dividend yield (12 months)2.8% · Below median
Balance sheet
Debt / equity0.20× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dampskibsselskabet Norden AS Fair Value". https://www.fairvalue-calculator.com/stock/DNORD
Frequently asked questions
Is Dampskibsselskabet Norden AS (DNORD) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of kr 295.73 versus a price of kr 356.80, about 17% lower (overvalued).
What is the fair value of DNORD?
Our model-based fair value for Dampskibsselskabet Norden AS is kr 295.73 (as of Nov 4, 2026), built from audited fundamentals. The current price: kr 356.80.
What is the quality score of DNORD?
Dampskibsselskabet Norden AS has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dampskibsselskabet Norden AS (DNORD)?
Our model-based price target is the fair value of kr 295.73 (as of Nov 4, 2026) from 16 valuation models. Cautious scenario kr 270.25, optimistic scenario kr 358.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Dampskibsselskabet Norden AS stock forecast for 2026?
Our models put fair value at kr 295.73, about 17% lower versus a price of kr 356.80 (overvalued). Cautious scenario kr 270.25, optimistic scenario kr 358.09. The calculation is refreshed regularly with new filings.
What is the revenue of Dampskibsselskabet Norden AS (DNORD)?
Dampskibsselskabet Norden AS reported trailing-twelve-month revenue of about $3.8B (latest available figure, as of Nov 4, 2026).
Does Dampskibsselskabet Norden AS pay a dividend?
Dampskibsselskabet Norden AS currently shows a dividend yield of 2.80% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Dampskibsselskabet Norden AS (DNORD) and when is the ex-dividend date?
Dampskibsselskabet Norden AS pays a dividend of kr 10.00 per share a year, a dividend yield of 2.8%. The last ex-dividend date was Oct 30, 2026. A dividend has been paid every year since 2019. The payout ratio is 32.5% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Dampskibsselskabet Norden AS (DNORD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dampskibsselskabet Norden AS it is kr 295.73 per share (as of Nov 4, 2026), against a price of kr 356.80. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Dampskibsselskabet Norden AS stock overvalued or undervalued in 2026?
As of Nov 4, 2026, DNORD trades above its calculated fair value: price kr 356.80, fair value kr 295.73, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DNORD?
No. The price is what the market pays today (kr 356.80); the fair value is what the company's own numbers justify (kr 295.73). For Dampskibsselskabet Norden AS the two are kr 61.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dampskibsselskabet Norden AS worth?
The market values Dampskibsselskabet Norden AS at about 9.9B DKK (market capitalisation, as of Nov 4, 2026). Per share that is kr 356.80; our models calculate a fair value of kr 295.73 per share.
What do the bullish and bearish scenarios say about DNORD?
Our models span a range for Dampskibsselskabet Norden AS: cautious scenario kr 270.25, base kr 295.73, optimistic kr 358.09 per share (as of Nov 4, 2026, price kr 356.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DNORD?
Dampskibsselskabet Norden AS trades at a price-to-earnings ratio of 8.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 295.73 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 8.1. Other multiples: P/B 1.2, P/S 0.4, EV/EBITDA 7.4.
How solid is the balance sheet of Dampskibsselskabet Norden AS (DNORD)?
Balance-sheet figures for Dampskibsselskabet Norden AS (as of Nov 4, 2026): return on equity 13.2%, debt of 0.20 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is DNORD from its 52-week high?
Dampskibsselskabet Norden AS trades at kr 356.80, about 11% below its 52-week high of kr 401.80 and 53% above the low of kr 233.43 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 295.73 is for.
Which stocks are comparable to Dampskibsselskabet Norden AS?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dampskibsselskabet Norden AS stock attractive at the current price?
The data as of Nov 4, 2026: price kr 356.80, calculated fair value kr 295.73 (−17%), Quality Score 57/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DNORD calculated?
We run Dampskibsselskabet Norden AS through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 295.73 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Dampskibsselskabet Norden AS itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dampskibsselskabet Norden AS (DNORD)?
The closing price on Nov 6, 2026 was kr 356.80. Our model-based fair value is kr 295.73, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dampskibsselskabet Norden AS right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Dampskibsselskabet Norden AS
How large is the market capitalisation of Dampskibsselskabet Norden AS (DNORD)?
The market capitalisation of Dampskibsselskabet Norden AS is 9.9B DKK (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dampskibsselskabet Norden AS (DNORD)?
The price-to-sales ratio of Dampskibsselskabet Norden AS is 0.34 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dampskibsselskabet Norden AS (DNORD)?
Earnings per share at Dampskibsselskabet Norden AS are kr 39.88 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dampskibsselskabet Norden AS (DNORD)?
The dividend yield of Dampskibsselskabet Norden AS is 2.8% (payout 25.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dampskibsselskabet Norden AS (DNORD)?
The net margin of Dampskibsselskabet Norden AS is 3.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dampskibsselskabet Norden AS (DNORD)?
The return on equity (ROE) of Dampskibsselskabet Norden AS is 13.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dampskibsselskabet Norden AS (DNORD)?
On an EBIT basis the return on assets of Dampskibsselskabet Norden AS is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dampskibsselskabet Norden AS (DNORD)?
The operating margin of Dampskibsselskabet Norden AS is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dampskibsselskabet Norden AS (DNORD)?
Revenue at Dampskibsselskabet Norden AS is growing +52.1% versus a year earlier (3y avg −15.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dampskibsselskabet Norden AS (DNORD)?
Earnings per share at Dampskibsselskabet Norden AS are growing +111% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dampskibsselskabet Norden AS (DNORD) generate?
The free cash flow of Dampskibsselskabet Norden AS is −$288M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dampskibsselskabet Norden AS (DNORD) carry?
The net debt of Dampskibsselskabet Norden AS is $633M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Dampskibsselskabet Norden AS in the live analysis
One click puts Dampskibsselskabet Norden AS on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 4, 2026