DNORD Stock Analysis: Dampskibsselskabet Norden AS | CO
Marine Shipping | CO, Denmark | Market Cap: 9.101m DKK | 12M Return: 42.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.8M
EPS Trend: -1.5%
Rev. Trend: -77.9%
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dampskibsselskabet Norden A/S is a Danish shipping company founded in 1871 and headquartered in Hellerup, Denmark. It is listed on the Copenhagen exchange under the ticker DNORD and operates in the Marine Transportation sub-industry, providing ocean and port-based freight services worldwide through both owned and chartered tonnage.
The company runs a diversified model across six segments: Dry operator (large and small vessels), Tanker operator, Dry owner, Tanker owner, and Logistics. Its dry cargo business handles bulk commodities such as agricultural products, ores, minerals, and coal, as well as project cargo including windmill components, machinery, steel, and forestry products. Its tanker business transports liquid bulk such as diesel, gasoline, jet fuel, and soft oil. Nordens fleet combines owned vessels, leased ships, externally chartered tonnage, and a tanker pool, giving it the ability to adjust capacity with market conditions-a structural feature common in global shipping, where operators typically scale exposure in response to commodity-driven demand cycles in the dry bulk and product tanker markets.
- Capesize rates surge on strong iron ore and coal demand
- Tanker earnings rise on Russia sanctions and Red Sea rerouting
- Capital returns continue with elevated dividends and active buyback program
| Net Income: 103.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -16.82 > 1.0 |
| NWC/Revenue: 15.28% < 20% (prev 7.96%; Δ 7.32% < -1%) |
| CFO/TA 0.16 > 3% & CFO 395.0m > Net Income 103.5m |
| Net Debt (710.0m) to EBITDA (294.7m): 2.41 < 3 |
| Current Ratio: 1.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.3m) vs 12m ago -4.34% < -2% |
| Gross Margin: 9.94% > 18% (prev 4.15%; Δ 5.79% > 0.5%) |
| Asset Turnover: 139.1% > 50% (prev 180.3%; Δ -41.20% > 0%) |
| Interest Coverage Ratio: -8.34 > 6 (EBIT TTM -333.8m / Interest Expense TTM 40.0m) |
| A: 0.20 (Total Current Assets 1.21b - Total Current Liabilities 710.9m) / Total Assets 2.51b |
| B: 0.50 (Retained Earnings 1.27b / Total Assets 2.51b) |
| C: -0.14 (EBIT TTM -333.8m / Avg Total Assets 2.34b) |
| D: 1.08 (Book Value of Equity 1.30b / Total Liabilities 1.20b) |
| Altman-Z'' = 3.13 = A |
| DSRI: 0.65 (Receivables 217.8m/404.7m, Revenue 3.26b/3.92b) |
| GMI: 0.42 (GM 4.15% / 9.94%) |
| AQI: 0.77 (AQ_t 0.05 / AQ_t-1 0.06) |
| SGI: 0.83 (Revenue 3.26b / 3.92b) |
| TATA: -0.12 (NI 103.5m - CFO 395.0m) / TA 2.51b) |
| Beneish M = -4.12 (Cap -4..+1) = AAA |
As of July 29, 2026, the stock is trading at DKK 333.80 with a total of 39,410 shares traded. Over the past week, the price has changed by +2.80%, over one month by +16.32%, over three months by +16.34% and over the past year by +42.85%.
Current recommended Stop Loss: 317.90 (which is 4.8% or 1.4 ATR below the current price).
Dampskibsselskabet Norden AS has no consensus analysts rating.
Market Cap USD = 1.39b (9.10b DKK * 0.1526 DKK.USD)
P/E Trailing = 14.6983
P/E Forward = 5.102
P/S = 2.8983
P/B = 1.0379
P/EG = -77.3
Revenue TTM = 3.26b USD
EBIT TTM = -333.8m USD
EBITDA TTM = 294.7m USD
Long Term Debt = 234.9m USD (from longTermDebt, last quarter)
Short Term Debt = 285.4m USD (from shortTermDebt, last quarter)
Debt = 1.24b USD (from shortLongTermDebtTotal, last quarter) + Leases 471.1m
Net Debt = 710.0m USD (calculated: Debt 1.24b - CCE 534.8m)
Enterprise Value = 2.10b USD (1.39b + Debt 1.24b - CCE 534.8m)
Interest Coverage Ratio = -8.34 (Ebit TTM -333.8m / Interest Expense TTM 40.0m)
EV/FCF = -8.69x (Enterprise Value 2.10b / FCF TTM -241.5m)
FCF Yield = -11.51% (FCF TTM -241.5m / Enterprise Value 2.10b)
FCF Margin = -7.41% (FCF TTM -241.5m / Revenue TTM 3.26b)
Net Margin = 3.18% (Net Income TTM 103.5m / Revenue TTM 3.26b)
Gross Margin = 9.94% ((Revenue TTM 3.26b - Cost of Revenue TTM 2.93b) / Revenue TTM)
Gross Margin QoQ = 11.71% (prev 16.59%)
Tobins Q-Ratio = 0.84 (Enterprise Value 2.10b / Total Assets 2.51b)
Interest Expense / Debt = 3.22% (Interest Expense 40.0m / Debt 1.24b)
Taxrate = 15.96% (18.7m / 117.1m)
NOPAT = -280.5m (EBIT -333.8m * (1 - 15.96%)) [loss with tax shield]
Current Ratio = 1.70 (Total Current Assets 1.21b / Total Current Liabilities 710.9m)
Debt / Equity = 0.96 (Debt 1.24b / totalStockholderEquity, last quarter 1.30b)
Debt / EBITDA = 2.41 (Net Debt 710.0m / EBITDA 294.7m)
Debt / FCF = -2.94 (negative FCF - burning cash) (Net Debt 710.0m / FCF TTM -241.5m)
Total Stockholder Equity = 1.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.42% (Net Income 103.5m / Total Assets 2.51b)
RoE = 7.99% (Net Income TTM 103.5m / Total Stockholder Equity 1.29b)
RoCE = -21.82% (EBIT -333.8m / Capital Employed (Equity 1.29b + L.T.Debt 234.9m))
RoIC = -14.62% (negative operating profit) (NOPAT -280.5m / Invested Capital 1.92b)
WACC = 4.82% (E(1.39b)/V(2.63b) * Re(6.71%) + D(1.24b)/V(2.63b) * Rd(3.22%) * (1-Tc(0.16)))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -31.00 | Cagr: -8.50%
[DCF] Fair Price = unknown (Cash Flow -241.5m)
EPS Correlation: -1.49 | EPS CAGR: -1.25% | SUE: N/A | # QB: 0
Revenue Correlation: -77.92 | Revenue CAGR: -9.03% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.11 | Chg30d=+41.22% | Revisions=+0% | GrowthEPS=-73.0% | GrowthRev=-22.7%
EPS next Year (2027-12-31): EPS=1.29 | Chg30d=-16.30% | Revisions=+0% | GrowthEPS=+17.1% | GrowthRev=+9.2%