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Employees: 1,674
Size Norske Skog (NSKOG.OL) is a Norway Materials company (Pulp & Paper) with a market value of $328M, the 109th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 35.90 on 6 Nov 2026.
Performance Over six months the shares fell 18.0%, against -18.8% for the median peer and +2.7% for the Norway market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 23.4% over the last twelve months (peer median +0.9%); the operating margin is 3.4% (peer median 1.4%).
Valuation It trades at 13.5× forward earnings against a peer median of 20.3× (2nd cheapest of 8).
Capital Return on invested capital runs 5.2 points below its cost of capital (7.7% WACC).
Credit Norske Skog has 1 bond outstanding ($148M).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 9.95B | NOK 9.45B | NOK 9.23B | NOK 9.89B | NOK 14.5B |
| Revenue growth | — | +2% | -7% | -32% | — |
| Gross profit | NOK 67.0M | -NOK 447M | -NOK 310M | NOK 321M | NOK 2.80B |
| EBITDA | NOK 985M | NOK 101M | NOK 147M | NOK 763M | NOK 2.70B |
| Net income | NOK 86.0M | NOK 404M | -NOK 982M | NOK 481M | NOK 2.57B |
| Free cash flow | -NOK 257M | -NOK 755M | -NOK 1.57B | -NOK 951M | -NOK 188M |
| Capital expenditure | NOK 349M | NOK 982M | NOK 1.56B | NOK 3.08B | NOK 2.23B |
| Total debt | NOK 5.00B | NOK 5.38B | NOK 5.25B | NOK 5.05B | NOK 3.74B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NSKOG.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.9% | -13.3% | 4th lowest of 21 |
| 6-month return | -18.0% | -18.8% | 11th highest of 21 |
| Distance from 52-week high | -36.6% | -41.5% | 6th highest of 21 |
| Revenue growth (TTM) | +23.4% | +0.9% | 3rd highest of 21 |
| Operating margin | 3.4% | 1.4% | 7th highest of 20 |
| Forward P/E | 13.5× | 20.3× | 2nd cheapest of 8 |
| ROIC minus cost of capital | -5.2 pp | -4.7 pp | 9th lowest of 20 |
| EV / EBITDA | 7.6× | 19.3× | 2nd cheapest of 6 |
| Net debt / EBITDA | 4.5× | 0.2× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Norske Skog NSKOG.OL | Norway | $328M | -18% | +23% | 3% | 13.5× | n/a | n/a |
| Nippon Kodoshi 3891.T | Japan | $324M | -24% | +27% | 26% | 9.9× | 10.0% | +3.2% |
| Mitsubishi Paper Mills 3864.T | Japan | $319M | +21% | -8% | 1% | 16.2× | 25.8% | -0.6% |
| Cre8 Direct (Ningbo) 300703.SZ | China | $310M | -35% | +2% | 3% | 24.3× | n/a | n/a |
| Guangdong Songyang Recycle Resources 603863.SS | China | $351M | -37% | +14% | -26% | 23.3× | 58.3% | -2.3% |
| Longchen Paper & Packaging 1909.TW | Taiwan | $364M | +1% | +4% | 1% | n/a | 36.9% | +1.5% |
| Yibin Paper Industry 600793.SS | China | $366M | -15% | -24% | 5% | n/a | 4.1% | +4.4% |
| Kukil Paper Mfg 078130.KS | South Korea | $293M | +9% | -15% | -2% | n/a | 27.7% | -7.5% |
| Chung Hwa Pulp 1905.TW | Taiwan | $373M | -11% | -7% | -9% | n/a | n/a | n/a |
| Zhejiang Kan Specialities Material 002012.SZ | China | $387M | -17% | +9% | 1% | n/a | 41.0% | -16.5% |
| Anhui Linping Circular Development 603284.SS | China | $395M | -26% | +7% | n/a | n/a | n/a | n/a |
| Shanghai NAR Industrial 002825.SZ | China | $400M | -20% | +19% | 3% | n/a | n/a | n/a |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | n/a | -1.6% | +9.0% |
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 16.1× | -2.0% | +3.6% |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 20.3× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | n/a | 8.5% | +4.5% |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 22.8× | -9.2% | -21.8% |
| Shandong Chenming Paper 000488.SZ | China | $536M | -27% | 0% | -37% | n/a | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | n/a | n/a | n/a |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | n/a | n/a | n/a |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | n/a | n/a | n/a |
Norske Skog has 1 bond outstanding with $148M face value.