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REFL.OL Oslo Børs Renewable Fuels

Refuels NV

kr18,20
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NOK
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Mcap
1,1B NOK
P/E
EV / Rev
Div yield
Op margin
ROE
-22,9 %
Net margin
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Refuels NV is a renewable fuels company that operates in the energy sector, focusing on the production and distribution of renewable energy products.

Business. Refuels NV (REFL.OL) is a renewable fuels company operating within the renewable energy sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic presence are not available.

Classification92 %
SectorEnergy
Business sectorRenewable Energy
IndustryRenewable Fuels
ActivityRenewable Energy
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target45,00

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
45,00
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
1 analysts · indicative
Ownership
not yet wired
Profitability
-22,9 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning REFL.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to REFL.OL. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Refuels NV (REFL.OL) is a renewable fuels company operating within the renewable energy sector. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic presence are not available.

    Classification92 %
    SectorEnergy
    Business sectorRenewable Energy
    IndustryRenewable Fuels
    ActivityRenewable Energy
    AI synthesis
    GENERATED

    Refuels NV has a market price of 17 GBP and a market capitalization of 1,026,945,894 GBP, indicating a relatively high valuation compared to its tangible book value of 77,612,270 GBP, as reflected in a price-to-book ratio of 13.23. The company's liquidity position is characterized by a current ratio of 2.19, suggesting it has sufficient current assets to cover its current liabilities. However, the company's operating cash flow is negative at -6,925,130 GBP, indicating a cash outflow from operations.

    In terms of profitability, Refuels NV is currently unprofitable, with a net income of -17,772,270 GBP and an operating income of -2,999,880 GBP. The company's return on equity is -22.9%, and its return on assets is -10.1%, both of which are significantly below the industry median for renewable fuels companies. The company's debt-to-equity ratio is 0.0, indicating that it is not currently leveraging debt to finance its operations.

    Refuels NV's revenue is reported as 0 GBP, which suggests that the company is not currently generating revenue from its operations. The company's total assets amount to 175,958,870 GBP, while its total liabilities are 98,346,600 GBP, leaving a total equity of 77,612,270 GBP. The company's revenue concentration is not disclosed, but the absence of revenue suggests a lack of geographic or segment diversification at this time.

    The company's growth trajectory is not currently positive, as it is reporting negative operating and net income. The outlook for the current fiscal year does not indicate any improvement in revenue or profitability. The company's free cash flow is -1,350 GBP, indicating that it is not generating positive cash flow from its operations.

    The risk assessment for Refuels NV indicates a low level of liquidity risk and a low potential for dilution. The company has no immediate filing-based liquidity or dilution flags, and its capital structure is currently free of long-term debt. The company's valuation is based on a price-to-book ratio of 13.23, which is significantly higher than the industry median, suggesting that the market is valuing the company's equity at a premium.

    Recent events related to Refuels NV include the absence of any disclosed filings or transcripts that would indicate significant changes in the company's operations or financial position. The company's current financial performance and lack of revenue suggest that it is in an early stage of development or facing operational challenges.

    Key takeaways
    • Refuels NV is currently unprofitable with a net income of -17,772,270 GBP and an operating income of -2,999,880 GBP.
    • The company's market price of 17 GBP and a market capitalization of 1,026,945,894 GBP indicate a high valuation relative to its tangible book value.
    • Refuels NV has a current ratio of 2.19, suggesting it has sufficient current assets to cover its current liabilities.
    • The company's operating cash flow is negative at -6,925,130 GBP, indicating a cash outflow from operations.
    • The company's return on equity is -22.9%, and its return on assets is -10.1%, both of which are significantly below the industry median for renewable fuels companies.
    • "margin_outlook_rationale": "The company's margin outlook is negative due to its current unprofitable status and negative operating income.",

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    kr18,20
    Market cap
    kr1.03B
    Enterprise value
    kr1.03B
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    13.2x
    P / Tangible book
    13.2x
    Tangible book
    kr77.6M
    Net cash
    kr53.2k
    Current ratio
    2.2
    Debt / equity
    0.0
    ROA
    -10.1%
    ROE
    -22.9%
    Cash conversion
    39.0%
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,56
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,56
    Revenueno estimateno estimate51,2M GBP
    Operating incomeno estimateno estimate49,7M GBP
    Full-year consensus mean (period as reported by source) · consensus in GBP. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0
    12-month price targetkr45,00 · Median kr45,00
    Low kr45,00High kr45,00
    Operating income · consensus49,7M GBP
    EPS surprise
    −148,8 %
    reported vs consensus · miss
    Revenue surprise
    +200,0 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Lowkr45,00
    Meankr45,00
    Mediankr45,00
    Highkr45,00
    Spotkr18,20
    +147.3 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    ROE-22,9 %Bottom quartile
    D/E0,00Above P75
    Cash Conv0,39Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    Source documents
    • Refuels NV Market data — financials · 2026-05-29
    • Refuels NV Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    REFL.OLCanonical
    Oslo Børs · NOK

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage