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Stolt-Nielsen Limited (SNI) Fair Value & Analysis

Industrials · NO · Market cap 19.9B NOK

SN Stolt-Nielsen Limited SNI · OL
Pricekr 318.50
Fair Valuekr 56.17
Upside-82.4%
Quality49/100
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Mixed Growth
Thin margins · 8.8% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/15)
Moderate moat 46/100
Evidence: High Range kr 35.91 – kr 109.73 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from kr 70.21 to kr 56.17 (−20.0%) since Jul 11, 2026. Share price −1.7% over the past month.

Below-average quality, and screening another 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 109.73). The favourable scenario is already priced in.
  • The model range is unusually wide (kr 35.91 to kr 109.73). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 438.97 kr 74.14 Fair Value kr 56.17 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 74.14 – kr 438.97 · fair‑value band kr 35.91 – kr 109.73 · the kr 318.50 price screens above the kr 56.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Stolt-Nielsen Limited (SNI) currently trades at kr 318.50, while our model-based Fair Value estimate is kr 56.17, implying the stock looks roughly 82.4% overvalued today. The Quality Score stands at 49/100 (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: high).

Over the trailing twelve months, Stolt-Nielsen Limited generated revenue of 2.8B NOK at a net margin of 8.8%. Revenue grew 6.1% year over year. It earns a return on equity of 10.3%. Net debt stands at 2.1B NOK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 35.91 (bear case) to kr 109.73 (bull case); at kr 318.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at -82%, SNI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF kr 26.90 kr 47.48 kr 80.13 80
Residual Income kr 44.89 kr 57.22 kr 137.45 76
Rev-Margin DCF kr 27.45 kr 57.26 kr 91.89 74
All 24 models by family
DCF Models
FCF DCF kr 24.81 kr 46.16 kr 82.30 38
Owner Earnings kr 53.48 kr 85.61 kr 140.01 31
5Y Revenue Exit kr 27.45 kr 56.40 kr 95.79 39
5Y EBITDA Exit kr 72.62 kr 134.13 kr 210.10 41
5Y P/E Exit kr 45.63 kr 87.69 kr 134.13 38
10Y Revenue Exit kr 24.12 kr 49.42 kr 79.07 36
10Y EBITDA Exit kr 53.82 kr 101.07 kr 156.82 37
10Y P/E Exit kr 37.16 kr 70.21 kr 105.15 35
Earnings-Based
Graham-Dodd kr 44.82 kr 83.14 kr 103.11 54
EPV kr 49.00 kr 62.49 kr 74.29 59
Dividend Discount
Gordon GGM kr 23.17 kr 31.07 kr 39.09 70
DDM Multi-Stage kr 23.17 kr 31.92 kr 42.33 61
Multiples
P/E Multiple kr 103.82 kr 138.43 kr 173.03 63
P/S Multiple kr 78.19 kr 104.25 kr 130.32 58
P/B Multiple kr 84.04 kr 112.06 kr 140.07 55
EV/EBIT kr 88.46 kr 128.60 kr 168.74 53
EV/EBITDA kr 121.51 kr 172.67 kr 223.82 54
EV/Revenue kr 33.72 kr 61.87 kr 90.02 43
Asset-Based
NCAV (Graham) kr 22.72 kr 30.45 kr 45.44 50
Growth DCF
Growth DCF kr 26.90 kr 47.48 kr 80.13 80
Rev-Margin DCF kr 27.45 kr 57.26 kr 91.89 74
Economic Profit
Residual Income kr 44.89 kr 57.22 kr 137.45 76
ROIC Compounder kr 49.32 kr 65.56 kr 82.70 72
Growth Earnings
Growth-Adj P/E kr 73.86 kr 105.51 kr 137.17 68

Widest divergence: Multiples (kr 112.06) versus Asset-Based (kr 30.45). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.8B NOK
Revenue growth (YoY) +6.1%
Net margin 8.8%
Return on equity 10.3%
Free cash flow 295M NOK FY2025
P/E ratio 6.5 as of Jul 11, 2026
More key figures
Operating margin 9.7%
EPS (TTM) kr 46.39
EPS growth (YoY) -68.5%
Net debt 2.1B NOK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 61

Profitability 42
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Stolt-Nielsen Limited, together with its subsidiaries, provides transportation, storage, and distribution solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids worldwide. It operates through five segments: Tankers, Terminals, Tank Containers, Stolt Sea Farm, and Stolt-Nielsen Gas.

Full company description

Stolt-Nielsen Limited, together with its subsidiaries, provides transportation, storage, and distribution solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids worldwide. It operates through five segments: Tankers, Terminals, Tank Containers, Stolt Sea Farm, and Stolt-Nielsen Gas. The company also produces, processes, and markets seafood, including turbot and sole; and stores and handles chemicals, clean petroleum products, liquefied petroleum gases, vegetable oils, and biofuels, as well as alternative fuels and feedstocks. In addition, it holds investment in logistics, distribution, liquid natural gas, and land-based aquaculture businesses. Further, it offers operations of deep-sea and regional chemical tankers to manufacturers and consumers of chemicals, edible oils, acids, and other bulk liquids; provides storage services for bulk liquids and gases; and logistics services. The company was founded in 1959 and is based in London, the United Kingdom. Stolt-Nielsen Limited operates as a subsidiary of Fiducia Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stolt-Nielsen Limited reported revenue of kr 2.8B in FY2025 versus kr 2.2B in FY2021, a compound +6.1%/yr. Reported net income was kr 350M in FY2025, compounding +45.2%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8B NOK
Latest YoY
−4.2%
Avg. growth/yr (3Y) 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.
+0.0%
Avg. growth/yr (5Y) 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.
+7.2%
Avg. growth/yr (30Y) 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.
+2.5%
Revenue +6.1%/yr
FY21 kr 2.2B
FY22 kr 2.8B
FY23 kr 2.8B
FY24 kr 2.9B
FY25 kr 2.8B
Net income +45.2%/yr
FY21 kr 78.8M
FY22 kr 281M
FY23 kr 297M
FY24 kr 395M
FY25 kr 350M
Character of growth · EPS growth decomposed (2011-2022) +5.1 % p.a.
Revenue per share +1.6 pp

of which total revenue +1.2 pp · buybacks/dilution +0.4 pp

EBIT margin +4.5 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −1.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SNI screens 82% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Stolt-Nielsen Limited Fair Value". https://www.fairvalue-calculator.com/stock/SNI

Peer Group

Marine Shipping · 233 stocks

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.

Quality Score 49 · Below median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Below median
Operating margin (TTM) 10% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 6.5× · Cheaper than 75% of peers
P/B 0.87× · Cheaper than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 7.2× · Pricier than median
EV/EBITDA 6.0× · Cheaper than median
PEG 0.14× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 23
FUTURE 31 · sector 18
PAST 41 · sector 26
HEALTH 62 · sector 88
DIVIDEND 0 · sector 42

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
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A.P. Møller - Mærsk A/S MAERSKA kr 16,810 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
PT Transcoal Pacific Tbk, a shipping company, TCPI 3,640 IDR 368.32 IDR -90%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 136.33 CLP 146.31 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is Stolt-Nielsen Limited (SNI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 56.17 versus a price of kr 318.50, about −82% (overvalued).
What is the fair value of SNI?
Our model-based fair value for Stolt-Nielsen Limited is kr 56.17 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 318.50.
What is the quality score of SNI?
Stolt-Nielsen Limited has a Quality Score of 49/100. 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 revenue of Stolt-Nielsen Limited (SNI)?
Stolt-Nielsen Limited reported trailing-twelve-month revenue of about 2.8B NOK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SNI?
The net profit margin of Stolt-Nielsen Limited is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does Stolt-Nielsen Limited pay a dividend?
Stolt-Nielsen Limited currently shows a dividend yield of about 0.68% relative to its recent price (as of Aug 13, 2026).

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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