Dampskibsselskabet Norden AS (DNORD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Dampskibsselskabet Norden AS DKK 284, price DKK 378, upside -24.9%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range kr 83.70 – kr 401.99 · fair‑value band kr 257.91 – kr 403.89 · the kr 378.40 price screens above the kr 284.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
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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. 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 378.40, while our model-based Fair Value estimate is kr 284.08, implying the stock looks roughly 33.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 81.11 per share, and 0 of the 16 models we run sit above the kr 378.40 price.
Bear case: the Asset-Based group reads lowest at kr 30.83, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 257.91 (bear) to kr 403.89 (bull), the price of kr 378.40 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 53/100 (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 11.1B DKK (≈ $1.7B) · P/E ratio 16.9 · P/S ratio 0.65 · EPS (TTM) kr 22.36 · Dividend yield 2.6% · Net margin 3.8% · Return on equity 7.7% · Return on assets (EBIT) 13.8%.
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 5% below its 52-week high and 67% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 60% fair-value upside, at −25%, DNORD screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 15.43 to kr 182.69). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 257.91Fair Value kr 284.08Bull kr 403.89
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 9.04 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.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.
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.24/100
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%
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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.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)2.6%
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.
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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 · 236 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−25% · Below median
Profitability
Return on equity (TTM)8% · Above median
Return on assets2% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity0.20× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (TTM)16.9× · Pricier than median
P/B1.33× · Pricier than median
P/S (TTM)0.54× · Cheapest 25%
EV/EBITDA15.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)9· sector 23
PAST (return on equity)31· sector 30
HEALTH (low debt)90· sector 89
DIVIDEND (yield)53· sector 53
VALUE 0: the price sits above our fair-value range.
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 Sep 23, 2026, our model estimates a fair value of kr 284.08 versus a price of kr 378.40, about −25% upside (overvalued).
What is the fair value of DNORD?
Our model-based fair value for Dampskibsselskabet Norden AS is kr 284.08 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 378.40.
What is the quality score of DNORD?
Dampskibsselskabet Norden AS has a Quality Score of 53/100. 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 284.08 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario kr 257.91, optimistic scenario kr 403.89. 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 284.08, about −25% upside versus a price of kr 378.40 (overvalued). Cautious scenario kr 257.91, optimistic scenario kr 403.89. 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 $3.1B (latest available figure, as of Sep 23, 2026).
Does Dampskibsselskabet Norden AS pay a dividend?
Dampskibsselskabet Norden AS currently shows a dividend yield of about 2.64% relative to its recent price (as of Sep 23, 2026).
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 284.08 per share (as of Sep 23, 2026), against a price of kr 378.40. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Dampskibsselskabet Norden AS stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DNORD trades above its calculated fair value: price kr 378.40, fair value kr 284.08, 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 DNORD?
No. The price is what the market pays today (kr 378.40); the fair value is what the company's own numbers justify (kr 284.08). For Dampskibsselskabet Norden AS the two are kr 94.32 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 11.1B DKK (market capitalisation, as of Sep 23, 2026). Per share that is kr 378.40; our models calculate a fair value of kr 284.08 per share.
What do the bullish and bearish scenarios say about DNORD?
Our models span a range for Dampskibsselskabet Norden AS: cautious scenario kr 257.91, base kr 284.08, optimistic kr 403.89 per share (as of Sep 23, 2026, price kr 378.40). 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 16.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 284.08 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.5, EV/EBITDA 15.9.
How solid is the balance sheet of Dampskibsselskabet Norden AS (DNORD)?
Balance-sheet figures for Dampskibsselskabet Norden AS (as of Sep 23, 2026): return on equity 7.7%, debt of 0.20 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is DNORD from its 52-week high?
Dampskibsselskabet Norden AS trades at kr 378.40, about 5% below its 52-week high of kr 400.20 and 67% above the low of kr 226.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 284.08 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 Sep 23, 2026: price kr 378.40, calculated fair value kr 284.08 (−25%), Quality Score 53/100, 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 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 284.08, 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 14.1 % 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 Sep 23, 2026 was kr 378.40. Our model-based fair value is kr 284.08, about −25% upside (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 (53/100) 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 11.1B DKK (≈ $1.7B). 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 0.65 (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 22.36 (price ÷ EPS = P/E 16.9). 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 2.6% (payout 44.7%). 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 7.7% (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 0.4% (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 +1.8% 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 −64.0% 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.
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