EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

DNO ASA (0MHP) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of DNO ASA NOK 14.35, price NOK 19.18, upside -25.2%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Energy · GB · Home Norway · ISIN NO0003921009

DA Thin data Sep 24, 2026

DNO ASA

0MHP · LSE

Weak valuationQuality is weak on top of the rich price.

!Fair value kr 14.35 · Overvalued (−25.2%)
!Quality 47/100
!Mixed Growth (revenue 3y +21.0 %/yr)
!Thin margins · 1.5% net margin (TTM)
!Moderate debt
·0.8% dividend yield · Safety not assessed
!Moderate moat 50/100
!Evidence only low, so the estimate is less certain
Watch DNO ASA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 21.85 kr 5.16 Fair Value kr 14.35 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 5.16 – kr 21.85 · fair‑value band kr 10.26 – kr 19.18 · the kr 19.18 price screens above the kr 14.35 fair value. Dashed = 300-day average. As of Sep 24, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields located in the Kurdistan; and approximately 9% interest in Côte d'Ivoire's Block CI-27 located in West Africa.

Show more

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields located in the Kurdistan; and approximately 9% interest in Côte d'Ivoire's Block CI-27 located in West Africa. It also holds licenses in reservoirs, including in the Cretaceous, Jurassic and Triassic formations; and 129 offshore licenses in Norway, seven offshore licenses in the UK and one offshore license in the decommissioning phase in the Netherlands. DNO ASA was formerly known as DNO International ASA and changed its name to DNO ASA in June 2014. The company was incorporated in 1971 and is headquartered in Oslo, Norway.

Stock analysis

DNO ASA (0MHP) currently trades at kr 19.18, while our model-based Fair Value estimate is kr 14.35, 25.2% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Growth DCF group reads highest at a median of kr 32.63 per share, and 2 of the 11 models we run sit above the kr 19.18 price.

Bear case: the DCF Models group reads lowest at kr 14.45, and 9 of the 11 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 10.26 (bear) to kr 19.18 (bull), the price of kr 19.18 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 47/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

DNO ASA reported revenue of 615M NOK in FY2020 versus 202M NOK in FY2016, a compound +32.1%/yr. Reported net income was −286M NOK in FY2020.

Key figures

Market cap 12.9B NOK (≈ $1.3B) · P/S ratio 6.72 · Dividend yield 0.8% · Net margin −46.5% · Return on equity 2.4% · Return on assets (EBIT) 9.4% · Operating margin 42.2% · Revenue growth (YoY) +234%.

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 12% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −25%, 0MHP screens richer than that median.

Fair Value models

Bear kr 10.26 Fair Value kr 14.35 Bull kr 19.18
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF kr 18.22 kr 30.59 kr 60.05 72
5Y EBITDA Exit kr 6.90 kr 9.93 kr 13.46 72
Growth DCF kr 17.47 kr 32.63 kr 55.15 72
All 11 models by family
DCF Models
FCF DCF kr 18.22 kr 30.59 kr 60.05 72
5Y Revenue Exit kr 6.28 kr 8.54 kr 11.06 70
5Y EBITDA Exit kr 6.90 kr 9.93 kr 13.46 72
10Y Revenue Exit kr 10.39 kr 14.45 kr 19.21 64
10Y EBITDA Exit kr 10.80 kr 15.44 kr 21.85 65
Dividend Discount
Gordon GGM kr 0.8400 kr 1.52 kr 2.09 65
DDM Multi-Stage kr 0.8400 kr 1.39 kr 1.62 64
Multiples
EV/EBITDA kr 1.12 kr 1.73 kr 2.33 66
EV/Revenue kr 0.0700 kr 0.4000 kr 0.7300 48
Asset-Based
NCAV (Graham) kr 0.6300 kr 0.8400 kr 1.26 54
Growth DCF
Growth DCF kr 17.47 kr 32.63 kr 55.15 72

Open the full fair value analysis →

Notify me when 0MHP reaches fair value

Put 0MHP on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 64

Profitability 2
Margins and returns on capital today
Quality Growth 4
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)

Open the full quality analysis →

Revenue & earnings trend

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. 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−36.7%
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.
+21.0%
Profit margin (trend) ⓘ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.
3.0% (2016) → −51.1% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0MHP screens overvalued: fair value 25% below the price. Compare with ConocoPhillips explores for, →

Compare DNO ASA 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.Oil & Gas E&P · 264 stocks

Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 47 · Above median
Profitability
Return on equity (TTM) 2.4% · Below median
Return on assets 9.7% · Top 25%
Net margin (TTM) 1.5% · Below median
Operating margin (TTM) 42.2% · Above median
Growth and dividend
Revenue growth 234.4% · Top 25%
Dividend yield (TTM) 0.8% · Bottom 25%
Balance sheet
Debt / equity 1.11× · Highest 25%

Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper

P/B 1.64× · Pricier than median
P/S (TTM) 0.72× · Cheapest 25%
EV/EBITDA 1.6× · Cheapest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ConocoPhillips explores for, COP $127.06 $91.42 −28%
CNOOC Limited 0883 HK$23.40 HK$39.91 +71%
Canadian Natural Resources Limited CNQ $47.55 $52.31 +10%
EOG Resources, Inc EOG $137.76 $165.02 +20%
Occidental Petroleum Corporation OXY $57.84 $33.18 −43%
Devon Energy Corporation DVN $46.73 $51.40 +10%
Diamondback Energy, Inc FANG $185.23 $243.76 +32%
Woodside Energy Group WDS A$31.48 A$23.87 −24%
EQT Corporation EQT $50.09 $55.10 +10%
Texas Pacific Land Corporation TPL $336.46 $317.06 −6%

Explore undervalued stocks

More undervalued Energy stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

DNO ASA · Fair Value
kr 14.35 −25%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "DNO ASA Fair Value". https://www.fairvalue-calculator.com/stock/0MHP

Frequently asked questions

Is DNO ASA (0MHP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 14.35 versus a price of kr 19.18, about −25% upside (overvalued).
What is the fair value of 0MHP?
Our model-based fair value for DNO ASA is kr 14.35 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 19.18.
What is the quality score of 0MHP?
DNO ASA has a Quality Score of 47/100. 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 DNO ASA (0MHP)?
Our model-based price target is the fair value of kr 14.35 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario kr 10.26, optimistic scenario kr 19.18. It is a calculation from audited fundamentals, not an analyst target.
What is the DNO ASA stock forecast for 2026?
Our models put fair value at kr 14.35, about −25% upside versus a price of kr 19.18 (overvalued). Cautious scenario kr 10.26, optimistic scenario kr 19.18. The calculation is refreshed regularly with new filings.
Does DNO ASA pay a dividend?
DNO ASA currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of DNO ASA (0MHP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DNO ASA it is kr 14.35 per share (as of Sep 24, 2026), against a price of kr 19.18. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is DNO ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0MHP trades above its calculated fair value: price kr 19.18, fair value kr 14.35, a gap of about −25% (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 0MHP?
No. The price is what the market pays today (kr 19.18); the fair value is what the company's own numbers justify (kr 14.35). For DNO ASA the two are kr 4.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is DNO ASA worth?
The market values DNO ASA at about 12.9B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 19.18; our models calculate a fair value of kr 14.35 per share.
What do the bullish and bearish scenarios say about 0MHP?
Our models span a range for DNO ASA: cautious scenario kr 10.26, base kr 14.35, optimistic kr 19.18 per share (as of Sep 24, 2026, price kr 19.18). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DNO ASA (0MHP)?
Balance-sheet figures for DNO ASA (as of Sep 24, 2026): return on equity 2.4%, debt of 1.11 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 0MHP from its 52-week high?
DNO ASA trades at kr 19.18, about 12% below its 52-week high of kr 21.85 and 56% above the low of kr 12.27 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 14.35 is for.
Which stocks are comparable to DNO ASA?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, 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 DNO ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 19.18, calculated fair value kr 14.35 (−25%), Quality Score 47/100, from 11 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 0MHP calculated?
We run DNO ASA through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 14.35, 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 14.5 % above its aggregate fair value. DNO ASA 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 DNO ASA (0MHP)?
The closing price on Oct 2, 2026 was kr 19.18. Our model-based fair value is kr 14.35, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DNO ASA right now?
Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 10.26 to kr 19.18) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of DNO ASA

How large is the market capitalisation of DNO ASA (0MHP)?
The market capitalisation of DNO ASA is 12.9B NOK (≈ $1.3B). 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 DNO ASA (0MHP)?
The price-to-sales ratio of DNO ASA is 6.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of DNO ASA (0MHP)?
The dividend yield of DNO ASA is 0.8%. 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 DNO ASA (0MHP)?
The net margin of DNO ASA is −46.5% (fiscal year 2020). 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 DNO ASA (0MHP)?
The return on equity (ROE) of DNO ASA is 2.4% (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 DNO ASA (0MHP)?
On an EBIT basis the return on assets of DNO ASA is 9.4% (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 DNO ASA (0MHP)?
The operating margin of DNO ASA is 42.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DNO ASA (0MHP)?
Revenue at DNO ASA is growing +234% versus a year earlier (3y avg +21.0%). 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 DNO ASA (0MHP)?
Earnings per share at DNO ASA are growing −53.3% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed

Watch DNO ASA in the live analysis

One click puts DNO ASA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.