Norse Atlantic ASA (NORSE) Fair Value & Analysis
Industrials · NO · Market cap 1.3B NOK
Fair value as of: Jul 16, 2026
From 10 valuation models · updated today
Share price −37.6% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 0.4200 – kr 10.06 · fair‑value band kr 0.1445 – kr 0.2465 · the kr 0.4270 price screens above the kr 0.1955 fair value. As of Jul 16, 2026.
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Norse Atlantic ASA (NORSE) currently trades at kr 0.4270, while our model-based Fair Value estimate is kr 0.1955 — implying the stock looks roughly 54.2% overvalued today. We read business quality at 31/100 (below-average quality), in the Industrials 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, Norse Atlantic ASA generated revenue of 769M NOK at a net margin of -9.2%. Revenue grew 27.9% year over year. Net debt stands at 38.8M NOK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 0.1445 (bear case) to kr 0.2465 (bull case); at kr 0.4270, the current price sits above that range. For context, the median of 10 Industrials peers we cover trades at -7% fair-value upside — at -54%, NORSE screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.
About the company
Norse Atlantic ASA provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally. The company serves a scheduled network across destinations. It also engages in leasing of aircraft and technical services. The company was incorporated in 2021 and is headquartered in Arendal, Norway.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Norse Atlantic ASA reported revenue of kr 734M in FY2025 versus kr 3.0M in FY2021, a compound +296.4%/yr. Reported net income was −kr 61.9M in FY2025.
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Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ryanair Holdings R1YA34 | R$36.60 | R$6.66 | -82% |
| Delta Air Lines, Inc DEAI34 | R$411.23 | R$384.44 | -7% |
| United Airlines Holdings UAL1 | €90.00 | €79.11 | -12% |
| International Consolidated Airlines Group ICAGY | $12.26 | $28.04 | +129% |
| Southwest Airlines Co LUV | $48.57 | $14.76 | -70% |
| Singapore Airlines Limited C6L | 6.95 SGD | 9.68 SGD | +39% |
| InterGlobe Aviation Limited INDIGO | ₹5,021 | ₹3,704 | -26% |
| Air China Limited 601111 | ¥6.16 | ¥15.33 | +149% |
| LATAM Airlines Group LTM | $55.74 | $106.79 | +92% |
| China Southern Airlines Company 600029 | ¥5.28 | ¥3.65 | -31% |
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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.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.