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← CockpitCompetitor Analysis › SNI.OL Stolt-Nielsen LimitedOpen in the cockpit ↗

Stolt-Nielsen LimitedSNI.OLCompetitor analysis, valuation and peers

Norway · NOK·Industrials›Marine Shipping

World's largest parcel chemical tanker shipping company, also operating tank container logistics and aquaculture businesses.

≈ World's largest parcel chemical tanker shipping companyMomentum neutral 40
Mkt cap
$1.82B
US dollars, full cap
Free float
35%
of shares outstanding
$/day
$1.15M
20-day average traded
Fwd P/E
8.8×
forward earnings
ROIC−WACC
+0.1 pp
WACC 5.3%
Hurdle
-14 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · NOKNOK 316.00
1D-3.1%
1W-6.7%
1M-11.7%
3M+1.9%
6M+4.0%
YTD-3.1%
1Y-5.5%
ATR %3.3%
52w lowhigh15.7% off high

What Stolt-Nielsen does

World's largest parcel chemical tanker shipping company, also operating tank container logistics and aquaculture businesses.

Tanker shipping, the largest arm, is paid freight to carry many separate chemical cargoes in one ship, largely under long-term contracts with chemical companies plus spot trips. Tank containers, terminals and fish farming each follow different cycles. The Stolt-Nielsen family remains the controlling shareholder.

In one line: World's largest parcel chemical tanker shipping company.

Products and services

  • Chemical parcel tanker shipping (Stolt Tankers)
  • Tank container logistics (Stolt Tank Containers)
  • Aquaculture - sole/turbot farming (Stolt Sea Farm)
  • Terminals (Stolthaven)

Customers

  • Chemical manufacturers
  • Industrial gas/liquid shippers

Where it sits in the supply chain

  • Chemical logistics
  • Marine shipping
  • Chemical tankers, tank containers…

What could go right

  • Chemical trade volume growth
  • Specialty seafood demand

What could go wrong

  • Chemical tanker freight rate cyclicality
  • Aquaculture biological risk

Moat: narrow (installed base, scale). Largest global parcel chemical tanker fleet and terminal network built over decades.

Headquarters: London, United Kingdom · Founded: 1959

Named competitors

  • Odfjell SE ODF.OL
  • MOL Chemical Tankers private or unlisted
  • Team Tankers International private or unlisted

Stolt-Nielsen at a glance

Size Stolt-Nielsen (SNI.OL) is a Norway Industrials company (Marine Shipping) with a market value of $1.82B, the 46th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 316.00 on 6 Nov 2026.

Performance Over six months the shares gained 4.0%, against -0.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue fell 4.7% over the last twelve months (peer median +10.3%); the operating margin is 10.8% (peer median 22.8%).

Valuation It trades at 8.8× forward earnings against a peer median of 8.0× (9th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.1 points above its cost of capital (5.3% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026SNI.OL 104Peer median 100
Six months, rebased to 100: Stolt-Nielsen against the median of its 20 peers (local-currency closes).

Stolt-Nielsen financials

Reported figures in NOK; fiscal year ends 2025-11-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNOK 28.4BNOK 29.0BNOK 30.9BNOK 29.7BNOK 26.4B
Revenue growth—-6%+4%+12%—
Gross profitNOK 6.40BNOK 7.02BNOK 7.94BNOK 8.18BNOK 6.10B
EBITDANOK 6.65BNOK 7.43BNOK 8.20BNOK 8.38BNOK 6.41B
Net incomeNOK 2.36BNOK 3.67BNOK 4.22BNOK 3.12BNOK 2.68B
Free cash flowNOK 2.96BNOK 3.13BNOK 1.51BNOK 6.26BNOK 4.01B
Capital expenditureNOK 2.24BNOK 2.94BNOK 2.97BNOK 2.82BNOK 1.94B
Total debtNOK 21.8BNOK 26.3BNOK 24.2BNOK 22.4BNOK 21.8B

Quarterly statements and history in the cockpit →

Stolt-Nielsen competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%-10%38779303CKN028670260660102291102637CMREGESHIP93022343DNORDGSLNMMSOMA2510601975DFDSCAPTSNI.OL6-month return →1-month return →
Up and to the right = strong over both horizons. Stolt-Nielsen is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%5×10×15×38779303CKN02867026062637CMREGESHIP93022343DNORDGSLNMMSOMA2510DFDSSNI.OLRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Stolt-Nielsen is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%38779303CKN260691102637CMREGESHIP93022343GSLSOMA601975DFDSSNI.OLGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Stolt-Nielsen is the large dot.

Stolt-Nielsen competitors and peer comparison

Head to head with its named competitors (SNI.OL vs ODF.OL)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Stolt-Nielsen SNI.OL$1.82B+4%-5%11%8.8×-4.5%
Odfjell ODF.OL$960M+3%-10%18%6.9×-12.7%

How Stolt-Nielsen compares with its peers

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.

Stolt-Nielsen against its 20 peers (data as of 6 Nov 2026)
MeasureSNI.OLPeer medianRank in peer set
1-month return-11.7%-8.8%6th lowest of 21
6-month return+4.0%-0.1%10th highest of 21
Distance from 52-week high-15.7%-17.1%9th highest of 21
Revenue growth (TTM)-4.7%+10.3%4th lowest of 20
Operating margin10.8%22.8%7th lowest of 21
Forward P/E8.8×8.0×9th most expensive of 19
Growth the price implies (Req g, 7 yrs)-4.5%-2.5%6th least demanding of 16
Growth delivered (Del g)+9.5%+10.7%6th lowest of 16
Hurdle (Req g minus delivered)-14.0 pp-15.6 pp8th most demanding of 16
ROIC minus cost of capital+0.1 pp+1.9 pp9th lowest of 21
EV / EBITDA5.5×5.7×8th cheapest of 17
Net debt / EBITDA3.0×1.3×4th most indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Stolt-Nielsen SNI.OLNorway$1.82B+4%-5%11%8.8×-4.5%+9.5%
CSSC (Hong Kong) Shipping 3877.HKHong Kong$1.85B-4%-10%60%7.2×-3.2%+14.9%
Sumitomo Warehouse 9303.TJapan$1.87B+4%+2%6%16.3×11.3%+0.4%
Clarkson CKN.LUnited Kingdom$1.90B-5%+15%14%13.9×5.2%+12.0%
PanOcean 028670.KSSouth Korea$1.91B-12%+24%9%5.0×n/an/a
U-Ming Marine Transport 2606.TWTaiwan$1.70B+6%+13%29%8.7×-3.8%+12.8%
Ningbo Ocean Shipping 601022.SSChina$1.58B-7%+13%11%n/an/an/a
NS United Kaiun Kaisha,Ltd 9110.TJapan$1.58B+39%+11%11%n/a-5.0%+10.7%
Wisdom Marine Lines 2637.TWTaiwan$2.13B+28%+10%33%9.1×-1.8%+7.2%
Costamare CMREUnited States$1.54B-28%-42%44%5.2×-6.9%+13.0%
Great Eastern Shipping GESHIP.NSIndia$2.16B-8%+24%42%5.1×8.2%+10.1%
MITSUI-SOKO 9302.TJapan$1.52B-22%+6%7%17.8×-1.6%+3.4%
Pacific Basin Shipping 2343.HKHong Kong$2.22B+6%-6%6%9.0×7.9%+7.3%
Dampskibsselskabet NORDEN A/S DNORD.CODenmark$1.46B+15%+7%3%9.6×n/an/a
Global Ship Lease GSLUnited States$1.41B-8%+6%48%4.1×-15.2%+22.1%
Navios Maritime Partners LP NMMUnited States$2.42B+14%+19%39%3.9×n/an/a
Solstad Maritime SOMA.OLNorway$1.36B-6%+17%40%5.5×-2.5%+22.7%
T.S. Lines 2510.HKHong Kong$2.48B+38%-4%19%5.8×-6.9%+9.8%
Nanjing Tanker 601975.SSChina$2.50B-21%+12%26%9.0×-8.4%+7.6%
Dfds A/s DFDS.CODenmark$1.33B+8%+3%3%17.0×4.6%+17.2%
Capital Tankers CAPT.OLNorway$2.57B+45%n/a37%7.3×n/an/a

Questions

Who are Stolt-Nielsen's main competitors?
Named competitors: Odfjell SE (ODF.OL), MOL Chemical Tankers (private or unlisted), Team Tankers International (private or unlisted). The cockpit's measured peer set (industry) also includes CSSC (Hong Kong) Shipping (3877.HK), Sumitomo Warehouse (9303.T), Clarkson (CKN.L), PanOcean (028670.KS), U-Ming Marine Transport (2606.TW), Ningbo Ocean Shipping (601022.SS).
Is Stolt-Nielsen expensive compared with its peers?
On forward p/e it trades at 8.8× against a peer median of 8.0×, 9th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Stolt-Nielsen stock performed?
Over six months to 6 Nov 2026 the shares returned +4.0% against -0.1% for the median peer; over one year -5.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.