DNO ASA (DNO) Fair Value & Analysis
Energy · NO · Market cap 17.5B NOK
Fair value as of: Jun 24, 2026
From 9 valuation models · updated 6 days ago
Fair value updated Jun 24, 2026 — revised from kr 4.71 to kr 4.36 (−7.4%) since Jun 23, 2026. Share price −8.9% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 12.04 – kr 22.74 · fair‑value band kr 3.05 – kr 5.68 · the kr 17.29 price screens above the kr 4.36 fair value. As of Jun 24, 2026.
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DNO ASA (DNO) currently trades at kr 17.29, while our model-based Fair Value estimate is kr 4.36 — implying the stock looks roughly 74.8% overvalued today. We read business quality at 95/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, DNO ASA generated revenue of 1.9B NOK at a net margin of 1.5%. Revenue grew 234.4% year over year. It earns a return on equity of 2.4%. Net debt stands at 875M NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DNO ASA reported revenue of kr 1.5B in FY2025 versus kr 1.0B in FY2021, a compound +10.1%/yr. Reported net income was −kr 25.2M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.