Hunter Group ASA (HUNT) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Hunter Group ASA NOK 3.59, price NOK 17.00, upside -78.9%, quality 72 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 27, 2026.
How to read this chart
60‑month range kr 0.3058 – kr 22.87 · fair‑value band kr 3.08 – kr 4.96 · the kr 17.00 price screens above the kr 3.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Hunter Group ASA provides oil tanker chartering services through VLCCs in Norway. It also focuses on shipping and oil service investments. The company was formerly known as Badger Explorer ASA and changed its name to Hunter Group ASA in May 2017. Hunter Group ASA was founded in 2003 and is headquartered in Oslo, Norway.
Stock analysis
Hunter Group ASA (HUNT) currently trades at kr 17.00, while our model-based Fair Value estimate is kr 3.59, implying the stock looks roughly 373.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 1.12 per share, and 0 of the 23 models we run sit above the kr 17.00 price.
Bear case: the Economic Profit group reads lowest at kr 0.4200, and 23 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 3.08 (bear) to kr 4.96 (bull), the price of kr 17.00 sits above 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 72/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hunter Group ASA reported revenue of $15.2M in FY2025 versus $37.2M in FY2021, a compound −20.0%/yr. Reported net income was $14.1M in FY2025, compounding +38.9%/yr from FY2021.
Key figures
Market cap 1.1B NOK (≈ $114M) · P/E ratio 1.6 · P/S ratio 1.48 · EPS (TTM) kr 5.01 · Dividend yield 0.6% · Net margin 92.1% · Return on equity 196% · Return on assets (EBIT) −2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 2,020% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at −79%, HUNT 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 0.1000 to kr 1.46). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 3.08Fair Value kr 3.59Bull kr 4.96
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 3.65 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.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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−6.0%
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.
−32.5%
Start year 2020 (pandemic)
Revenue growth 12 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.
+82.0%
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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. Basis: EBIT basis.
−32.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.7%
Dividend (yield on the price)0.6%
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.72% → 88%
⚠ Revenue per share shrinking 18.6%/yr over ~9Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+71.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +67.7% a year for the price.
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.Oil & Gas Midstream · 85 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−78.9% · Bottom 25%
Profitability
Return on equity (TTM)196.4% · Top 25%
Return on assets57.8% · Top 25%
Net margin (TTM)159.4% · Top 25%
Operating margin (TTM)97.2% · Top 25%
Growth and dividend
Revenue growth−86.6% · Bottom 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (TTM)1.6× · Cheapest 25%
P/B5.49× · Priciest 25%
P/S (TTM)2.66× · Pricier than median
P/FCF90.3× · Priciest 25%
EV/EBITDA2.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 60
PAST (return on equity)100· sector 48
HEALTH (low debt)100· sector 54
DIVIDEND (yield)11· sector 86
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). "Hunter Group ASA Fair Value". https://www.fairvalue-calculator.com/stock/HUNT
Frequently asked questions
Is Hunter Group ASA (HUNT) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 3.59 versus a price of kr 17.00, about −79% upside (overvalued).
What is the fair value of HUNT?
Our model-based fair value for Hunter Group ASA is kr 3.59 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 17.00.
What is the quality score of HUNT?
Hunter Group ASA has a Quality Score of 72/100. 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 Hunter Group ASA (HUNT)?
Our model-based price target is the fair value of kr 3.59 (as of Sep 27, 2026) from 23 valuation models. Cautious scenario kr 3.08, optimistic scenario kr 4.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Hunter Group ASA stock forecast for 2026?
Our models put fair value at kr 3.59, about −79% upside versus a price of kr 17.00 (overvalued). Cautious scenario kr 3.08, optimistic scenario kr 4.96. The calculation is refreshed regularly with new filings.
What is the revenue of Hunter Group ASA (HUNT)?
Hunter Group ASA reported trailing-twelve-month revenue of about $42.9M (latest available figure, as of Sep 27, 2026).
Does Hunter Group ASA pay a dividend?
Hunter Group ASA currently shows a dividend yield of about 0.57% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Hunter Group ASA (HUNT)?
For today's price to be fair in a discounted-cash-flow model, Hunter Group ASA would have to grow free cash flow by +71.7 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -32.5 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of HUNT use?
Our models discount Hunter Group ASA at 15.0 %: a base by market capitalisation (micro), damped by beta 2.18, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hunter Group ASA that is +71.7 % per year a year over ten years, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Hunter Group ASA (HUNT) delivered so far?
Over the past 5 years revenue at Hunter Group ASA grew -32.5 % a year. The price currently implies +71.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hunter Group ASA (HUNT) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Hunter Group ASA (+71.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hunter Group ASA (HUNT)?
The free-cash-flow yield on the price is 0.52 %: that much free cash flow Hunter Group ASA produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hunter Group ASA (HUNT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hunter Group ASA it is kr 3.59 per share (as of Sep 27, 2026), against a price of kr 17.00. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Hunter Group ASA stock overvalued or undervalued in 2026?
As of Sep 27, 2026, HUNT trades above its calculated fair value: price kr 17.00, fair value kr 3.59, a gap of about −79% (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 HUNT?
No. The price is what the market pays today (kr 17.00); the fair value is what the company's own numbers justify (kr 3.59). For Hunter Group ASA the two are kr 13.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hunter Group ASA worth?
The market values Hunter Group ASA at about 1.1B NOK (market capitalisation, as of Sep 27, 2026). Per share that is kr 17.00; our models calculate a fair value of kr 3.59 per share.
What do the bullish and bearish scenarios say about HUNT?
Our models span a range for Hunter Group ASA: cautious scenario kr 3.08, base kr 3.59, optimistic kr 4.96 per share (as of Sep 27, 2026, price kr 17.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HUNT?
Hunter Group ASA trades at a price-to-earnings ratio of 1.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 3.59 is built from several models across several years. Other multiples: P/B 5.5, P/S 2.7, EV/EBITDA 2.7.
How solid is the balance sheet of Hunter Group ASA (HUNT)?
Balance-sheet figures for Hunter Group ASA (as of Sep 27, 2026): return on equity 196.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is HUNT from its 52-week high?
Hunter Group ASA trades at kr 17.00, about 18% below its 52-week high of kr 20.75 and 2,020% above the low of kr 0.8017 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 3.59 is for.
Which stocks are comparable to Hunter Group ASA?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Energy Transfer LP,, 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 Hunter Group ASA stock attractive at the current price?
The data as of Sep 27, 2026: price kr 17.00, calculated fair value kr 3.59 (−79%), Quality Score 72/100, from 23 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 HUNT calculated?
We run Hunter Group ASA through 23 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 3.59, 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 16.1 % above its aggregate fair value. Hunter Group 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 Hunter Group ASA (HUNT)?
The closing price on Sep 25, 2026 was kr 17.00. Our model-based fair value is kr 3.59, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hunter Group ASA right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 4.96). The favourable scenario is already priced in.
Key figures of Hunter Group ASA
How large is the market capitalisation of Hunter Group ASA (HUNT)?
The market capitalisation of Hunter Group ASA is 1.1B NOK (≈ $114M). 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 Hunter Group ASA (HUNT)?
The price-to-sales ratio of Hunter Group ASA is 1.48 (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 Hunter Group ASA (HUNT)?
Earnings per share at Hunter Group ASA are kr 5.01 (price ÷ EPS = P/E 1.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hunter Group ASA (HUNT)?
The dividend yield of Hunter Group ASA is 0.6% (payout 1.9%). 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 Hunter Group ASA (HUNT)?
The net margin of Hunter Group ASA is 92.1% (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 Hunter Group ASA (HUNT)?
The return on equity (ROE) of Hunter Group ASA is 196% (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 Hunter Group ASA (HUNT)?
On an EBIT basis the return on assets of Hunter Group ASA is −2.6% (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 Hunter Group ASA (HUNT)?
The operating margin of Hunter Group ASA is 97.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hunter Group ASA (HUNT)?
Revenue at Hunter Group ASA is growing −86.6% versus a year earlier (3y avg −6.0%). 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 Hunter Group ASA (HUNT)?
Earnings per share at Hunter Group ASA are growing −95.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hunter Group ASA (HUNT) hold?
Hunter Group ASA holds more cash than debt, $7.6M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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