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OKEA ASA (OKEA) Fair Value & Analysis

Energy · NO · Market cap 3.3B NOK

OA OKEA ASA OKEA · OL
Pricekr 32.00
Fair Valuekr 10.13
Upside-68.3%
Quality49/100
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Evidence: Low Range kr 7.45 – kr 12.80

Fair value as of: Jul 14, 2026

From 2 valuation models · updated today

Fair value updated Jul 14, 2026 — revised from kr 0.9900 to kr 10.13 (+923.2%) since Jun 24, 2026. Share price −14.7% over the past month.

Price vs Fair Value (12 months)

kr 43.50 kr 17.18 Fair Value kr 10.13 Jul 2025 Jul 2026

12‑month range kr 17.18 – kr 43.50 · fair‑value band kr 7.45 – kr 12.80 · the kr 32.00 price screens above the kr 10.13 fair value. As of Jul 14, 2026.

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Analysis

OKEA ASA (OKEA) currently trades at kr 32.00, while our model-based Fair Value estimate is kr 10.13 — implying the stock looks roughly 68.3% overvalued today. We read business quality at 49/100 (below-average 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: low).

Over the trailing twelve months, OKEA ASA generated revenue of 781M NOK at a net margin of -5.1%. Revenue declined 1.0% year over year. It earns a return on equity of -35.5%. Net debt stands at 60.5M NOK. Fundamentals as of Jul 14, 2026

Our scenario range runs from kr 7.45 (bear case) to kr 12.80 (bull case); at kr 32.00, the current price sits above that range. The share trades about 27% below its 52-week high and 92% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -7% fair-value upside — at -68%, OKEA screens richer than that median.

Key figures & financial health

Revenue (TTM) 781M NOK
Revenue growth (YoY) -1.0%
Net margin -5.1%
Return on equity -35.5%
Free cash flow −51.2M NOK FY2025
Operating margin 24.8%
More key figures
EPS (TTM) kr -3.62
EPS growth (YoY) +70.5%
Net debt 60.5M NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 14, 2026. TTM = trailing twelve months.

About the company

OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OKEA ASA reported revenue of kr 784M in FY2025 versus kr 3.8B in FY2021, a compound −32.5%/yr. Reported net income was −kr 54.7M in FY2025.

Revenue −32.5%/yr
FY21 kr 3.8B
FY22 kr 6.4B
FY23 kr 8.7B
FY24 kr 11.0B
FY25 kr 784M
Net income
FY21 kr 603M
FY22 kr 670M
FY23 −kr 935M
FY24 kr 383M
FY25 −kr 54.7M

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

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥30.54 ¥28.25 -7%
ConocoPhillips explores for, COP 2,022 MXN 1,517 MXN -25%
Canadian Natural Resources Limited CNQ $47.21 $70.51 +49%
EOG Resources, Inc EOG $132.83 $162.51 +22%
Occidental Petroleum Corporation OXY $57.10 $25.55 -55%
Diamondback Energy, Inc F1AN34 R$478.77 R$262.76 -45%
Devon Energy Corporation DVN $45.99 $29.51 -36%
Woodside Energy Group WOPEF $19.61 $20.68 +5%
EQT Corporation EQT $55.24 $65.42 +18%
Texas Pacific Land Corporation TPL $361.11 $160.91 -55%

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Frequently asked questions

Is OKEA ASA (OKEA) undervalued?
As of Jul 14, 2026, our model estimates a fair value of kr 10.13 versus a price of kr 32.00 — about −68% (overvalued). Model-based estimate, not financial advice.
What is the fair value of OKEA?
Our model-based fair value for OKEA ASA is kr 10.13 (as of Jul 14, 2026), built from audited fundamentals. The current price is kr 32.00.
What is the quality score of OKEA?
OKEA ASA has a Quality Score of 49/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of OKEA ASA (OKEA)?
OKEA ASA reported trailing-twelve-month revenue of about 781M NOK (latest available figure, as of Jul 14, 2026).
What is the net profit margin of OKEA?
The net profit margin of OKEA ASA is about -5.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.