Ocean Sun As (OSUN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ocean Sun As NOK 0.15, price NOK 0.44, upside -65.1%, quality 38 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 0.4110 – kr 26.00 · fair‑value band kr 0.1020 – kr 0.1955 · the kr 0.4380 price screens above the kr 0.1530 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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Ocean Sun AS develops floating power system with solar panels mounted on a hydroelastic membrane. Its system consists of one or multiple floaters anchored side-by-side to build larger power plants. The company was founded in 2016 and is headquartered in Lysaker, Norway.
Stock analysis
Ocean Sun As (OSUN) currently trades at kr 0.4380, while our model-based Fair Value estimate is kr 0.1530, implying the stock looks roughly 186.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 0.1020 (bear) to kr 0.1955 (bull), the price of kr 0.4380 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 38/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ocean Sun As reported revenue of 2.2M NOK in FY2025 versus 238K NOK in FY2021, a compound +74.1%/yr. Reported net income was −20.6M NOK in FY2025.
Key figures
Market cap 42.3M NOK (≈ $4.4M) · P/S ratio 18.9 · EPS (TTM) kr −0.4400 · Return on equity −128% · Return on assets (EBIT) −45.2% · Operating margin −15,493% · Revenue (TTM) 2.2M NOK · Revenue growth (YoY) +11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 83% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −65%, OSUN screens richer than that median.
Fair Value models
Bear kr 0.1020Fair Value kr 0.1530Bull kr 0.1955
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.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.30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−69.6%
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.
−16.5%
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.
+13.8%
Start year 2020 (pandemic)
Revenue growth 8 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.
+14.3%
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Profit margin (trend) ⓘ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.
−933.0% (2020) → −967.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Utilities - Renewable · 207 stocks
Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−65% · Bottom 25%
Profitability
Return on assets−57% · Bottom 25%
Growth and dividend
Revenue growth12% · Above median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/B0.26× · Cheapest 25%
P/S (TTM)1.99× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)59· sector 0
PAST (return on equity)0· sector 14
HEALTH (low debt)0· sector 68
DIVIDEND (yield)0· sector 47
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). "Ocean Sun As Fair Value". https://www.fairvalue-calculator.com/stock/OSUN
Frequently asked questions
Is Ocean Sun As (OSUN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 0.1530 versus a price of kr 0.4380, about −65% upside (overvalued).
What is the fair value of OSUN?
Our model-based fair value for Ocean Sun As is kr 0.1530 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 0.4380.
What is the quality score of OSUN?
Ocean Sun As has a Quality Score of 38/100. 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 Ocean Sun As (OSUN)?
Our model-based price target is the fair value of kr 0.1530 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario kr 0.1020, optimistic scenario kr 0.1955. It is a calculation from audited fundamentals, not an analyst target.
What is the Ocean Sun As stock forecast for 2026?
Our models put fair value at kr 0.1530, about −65% upside versus a price of kr 0.4380 (overvalued). Cautious scenario kr 0.1020, optimistic scenario kr 0.1955. The calculation is refreshed regularly with new filings.
What is the revenue of Ocean Sun As (OSUN)?
Ocean Sun As reported trailing-twelve-month revenue of about 2.2M NOK (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Ocean Sun As (OSUN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ocean Sun As it is kr 0.1530 per share (as of Sep 23, 2026), against a price of kr 0.4380. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Ocean Sun As stock overvalued or undervalued in 2026?
As of Sep 23, 2026, OSUN trades above its calculated fair value: price kr 0.4380, fair value kr 0.1530, a gap of about −65% (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 OSUN?
No. The price is what the market pays today (kr 0.4380); the fair value is what the company's own numbers justify (kr 0.1530). For Ocean Sun As the two are kr 0.2850 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ocean Sun As worth?
The market values Ocean Sun As at about 42.3M NOK (market capitalisation, as of Sep 23, 2026). Per share that is kr 0.4380; our models calculate a fair value of kr 0.1530 per share.
What do the bullish and bearish scenarios say about OSUN?
Our models span a range for Ocean Sun As: cautious scenario kr 0.1020, base kr 0.1530, optimistic kr 0.1955 per share (as of Sep 23, 2026, price kr 0.4380). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ocean Sun As (OSUN)?
Balance-sheet figures for Ocean Sun As (as of Sep 23, 2026): return on equity −127.9%. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is OSUN from its 52-week high?
Ocean Sun As trades at kr 0.4380, about 83% below its 52-week high of kr 2.59 and 7% above the low of kr 0.4110 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1530 is for.
Which stocks are comparable to Ocean Sun As?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, 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 Ocean Sun As stock attractive at the current price?
The data as of Sep 23, 2026: price kr 0.4380, calculated fair value kr 0.1530 (−65%), Quality Score 38/100, from 1 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 OSUN calculated?
We run Ocean Sun As through 1 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 0.1530, 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 14.0 % above its aggregate fair value. Ocean Sun 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 Ocean Sun As (OSUN)?
The closing price on Sep 24, 2026 was kr 0.4380. Our model-based fair value is kr 0.1530, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ocean Sun As right now?
The price sits above even our optimistic bull case (kr 0.1955). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.1020 to kr 0.1955) leaves room in how you read the outcome.
Key figures of Ocean Sun As
How large is the market capitalisation of Ocean Sun As (OSUN)?
The market capitalisation of Ocean Sun As is 42.3M NOK (≈ $4.4M). 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 Ocean Sun As (OSUN)?
The price-to-sales ratio of Ocean Sun As is 18.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ocean Sun As (OSUN)?
Earnings per share at Ocean Sun As are kr −0.4400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Ocean Sun As (OSUN)?
The return on equity (ROE) of Ocean Sun As is −128% (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 Ocean Sun As (OSUN)?
On an EBIT basis the return on assets of Ocean Sun As is −45.2% (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 Ocean Sun As (OSUN)?
The operating margin of Ocean Sun As is −15,493% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ocean Sun As (OSUN)?
Revenue at Ocean Sun As is growing +11.7% versus a year earlier (3y avg −16.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ocean Sun As (OSUN) generate?
The free cash flow of Ocean Sun As is −21.9M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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