Stainless Tankers ASA (STST) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Stainless Tankers ASA NOK 103, price NOK 40.00, upside +156.5%, quality 54 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 24, 2026.
How to read this chart
41‑month range kr 23.29 – kr 44.23 · fair‑value band kr 79.34 – kr 132.23 · the kr 40.00 price screens below the kr 102.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Stainless Tankers ASA engages in the marine transportation business in Norway. The company was incorporated in 2022 and is based in Oslo, Norway.
Stock analysis
Stainless Tankers ASA (STST) currently trades at kr 40.00, while our model-based Fair Value estimate is kr 102.61, implying the stock looks roughly 61.0% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of kr 11.32 per share, and 0 of the 23 models we run sit above the kr 40.00 price.
Bear case: the DCF Models group reads lowest at kr 10.81, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 79.34 (bear) to kr 132.23 (bull), the price of kr 40.00 sits below 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 54/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Stainless Tankers ASA reported revenue of $40.5M in FY2025 versus $32.8M in FY2023, a compound +11.2%/yr. Reported net income was $7.2M in FY2025, compounding +7.9%/yr from FY2023.
Key figures
Market cap 540M NOK (≈ $56.9M) · P/E ratio 19.7 · P/S ratio 3.49 · EPS (TTM) kr 2.03 · Net margin 17.7% · Return on assets (EBIT) 11.5% · Free cash flow $19.1M · Net debt $34.2M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 157%, STST screens cheaper than that median.
Fair Value models
Bear kr 79.34Fair Value kr 102.61Bull kr 132.23
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 1.49 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.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.40/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
−11.9%
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 −14.0% 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.Marine Shipping · 236 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+157% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)18% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Stainless Tankers ASA (STST) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 102.61 versus a price of kr 40.00, about +157% upside (undervalued).
What is the fair value of STST?
Our model-based fair value for Stainless Tankers ASA is kr 102.61 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 40.00.
What is the quality score of STST?
Stainless Tankers ASA has a Quality Score of 54/100. 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 Stainless Tankers ASA (STST)?
Our model-based price target is the fair value of kr 102.61 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario kr 79.34, optimistic scenario kr 132.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Stainless Tankers ASA stock forecast for 2026?
Our models put fair value at kr 102.61, about +157% upside versus a price of kr 40.00 (undervalued). Cautious scenario kr 79.34, optimistic scenario kr 132.23. The calculation is refreshed regularly with new filings.
What growth is priced into Stainless Tankers ASA (STST)?
For today's price to be fair in a discounted-cash-flow model, Stainless Tankers ASA would have to grow free cash flow by -11.9 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +11.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of STST use?
Our models discount Stainless Tankers ASA at 12.5 %: a base by market capitalisation (micro), 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 Stainless Tankers ASA that is -11.9 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Stainless Tankers ASA (STST) delivered so far?
Over the past 2 years revenue at Stainless Tankers ASA grew +11.2 % a year. The price currently implies -11.9 % 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 Stainless Tankers ASA (STST) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Stainless Tankers ASA (-11.9 % 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 Stainless Tankers ASA (STST)?
The free-cash-flow yield on the price is 33.68 %: that much free cash flow Stainless Tankers ASA produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Stainless Tankers ASA (STST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stainless Tankers ASA it is kr 102.61 per share (as of Sep 24, 2026), against a price of kr 40.00. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Stainless Tankers ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, STST trades below its calculated fair value: price kr 40.00, fair value kr 102.61, a gap of about +157% (undervalued). 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 STST?
No. The price is what the market pays today (kr 40.00); the fair value is what the company's own numbers justify (kr 102.61). For Stainless Tankers ASA the two are kr 62.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is Stainless Tankers ASA worth?
The market values Stainless Tankers ASA at about 540M NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 40.00; our models calculate a fair value of kr 102.61 per share.
What do the bullish and bearish scenarios say about STST?
Our models span a range for Stainless Tankers ASA: cautious scenario kr 79.34, base kr 102.61, optimistic kr 132.23 per share (as of Sep 24, 2026, price kr 40.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STST?
Stainless Tankers ASA trades at a price-to-earnings ratio of 19.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 102.61 is built from several models across several years. Other multiples: P/B 1.1.
How solid is the balance sheet of Stainless Tankers ASA (STST)?
Balance-sheet figures for Stainless Tankers ASA (as of Sep 24, 2026): debt of 0.62 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is STST from its 52-week high?
Stainless Tankers ASA trades at kr 40.00, about 8% below its 52-week high of kr 43.40 and 16% above the low of kr 34.41 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 102.61 is for.
Which stocks are comparable to Stainless Tankers ASA?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Stainless Tankers ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 40.00, calculated fair value kr 102.61 (+157%), Quality Score 54/100, 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 STST calculated?
We run Stainless Tankers 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 102.61, 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 14.1 % above its aggregate fair value. Stainless Tankers ASA currently trades 157 % below its own fair value, and the market average says nothing about that. 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 Stainless Tankers ASA (STST)?
The closing price on Sep 23, 2026 was kr 40.00. Our model-based fair value is kr 102.61, about +157% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stainless Tankers ASA right now?
The price is below even our cautious bear case (kr 79.34). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Stainless Tankers ASA
How large is the market capitalisation of Stainless Tankers ASA (STST)?
The market capitalisation of Stainless Tankers ASA is 540M NOK (≈ $56.9M). 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 Stainless Tankers ASA (STST)?
The price-to-sales ratio of Stainless Tankers ASA is 3.49 (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 Stainless Tankers ASA (STST)?
Earnings per share at Stainless Tankers ASA are kr 2.03 (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Stainless Tankers ASA (STST)?
The net margin of Stainless Tankers ASA is 17.7% (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 EBIT return on assets of Stainless Tankers ASA (STST)?
On an EBIT basis the return on assets of Stainless Tankers ASA is 11.5% (avg 3y). 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.
How much net debt does Stainless Tankers ASA (STST) carry?
The net debt of Stainless Tankers ASA is $34.2M (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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