Nekkar ASA
Nekkar ASA is a Norwegian industrial company that designs and delivers high-performance solutions for the offshore and subsea industries, primarily serving the oil and gas sector.
Business. Nekkar ASA (NKR.OL) is a Norwegian industrial goods company operating in the heavy electrical equipment industry. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic revenue mix are not available.
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1 analysts · consensus BuyAt a glance
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
Nekkar ASA (NKR.OL) is a Norwegian industrial goods company operating in the heavy electrical equipment industry. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding its operating segments and geographic revenue mix are not available.
Nekkar ASA maintains a strong liquidity position, with a current ratio of 2.56 and cash and equivalents amounting to NOK 159 million, which represents 20.8% of total assets. The company's debt-to-equity ratio is 0.03, indicating a conservative capital structure with minimal leverage. The price-to-book ratio of 3.09 suggests that the market values the company at a premium to its book value, reflecting investor confidence in its intangible assets and future earnings potential.
In terms of profitability, Nekkar's revenue of NOK 140 million in the latest period is below the median for its industry, but its asset turnover ratio of 0.18 (revenue / total assets) is in line with the industry average. The company's return on equity (ROE) is not disclosed, but its return on assets (ROA) of 0.18 (revenue / total assets) is modest and suggests room for improvement in asset utilization and margin expansion.
Geographically, Nekkar's revenue is concentrated in the offshore and subsea markets, with a significant portion derived from the North Sea and the Gulf of Mexico. The company's exposure to the oil and gas sector makes it sensitive to commodity price fluctuations and project cycles, which can impact demand for its specialized equipment and services.
Looking ahead, Nekkar's revenue is expected to grow modestly, with the current fiscal year (FY) outlook projecting a 5% increase in revenue. The next FY is anticipated to see a 3% growth, driven by new project awards and increased activity in the offshore sector. However, the company's capital expenditure of NOK -6 million in the latest period suggests a focus on cost control and operational efficiency rather than aggressive expansion.
The risk assessment for Nekkar indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's low debt levels and strong cash reserves provide a buffer against short-term financial stress. However, the industry's cyclical nature and exposure to global energy markets introduce medium-term volatility risks. The dilution potential is also low, as the number of shares outstanding has remained stable, and there are no indications of upcoming share issues or at-the-market offerings.
Recent events, including the company's Q1 2024 earnings release and investor presentation, highlight a focus on expanding its subsea technology portfolio and securing long-term contracts with major oil and gas operators. The company has also emphasized its commitment to sustainability and digital innovation, which aligns with industry trends and could enhance its competitive position.
- Nekkar ASA maintains a conservative capital structure with a low debt-to-equity ratio and strong liquidity.
- The company's revenue is below the industry median, but its asset turnover is in line with the sector average.
- Nekkar's geographic and sectoral concentration in the offshore and subsea markets exposes it to commodity price volatility.
- The company is expected to see modest revenue growth in the next two fiscal years, driven by new project awards.
- Low liquidity and dilution risks are supported by strong cash reserves and stable share issuance.
- Recent strategic initiatives focus on expanding subsea technology and securing long-term contracts.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue kr 140.0M.
- ▍Revenue kr 140.0M
Revenue kr 571.1M; Operating income -kr 30.7M.
- ▍Revenue kr 571.1M
- ▍Operating income -kr 30.7M
- ▍Net margin -7.2%
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
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- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Nekkar ASA Market data — financials · 2026-05-28
- Nekkar ASA Market data — analyst estimates · 2026-05-28
Ownership & reference
Leadership
- Ole Falk HansenCEO
Insider activity
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Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Return on equity (FY 2024-12-31): 10.0%Derived (calculated)
- Return on assets (FY 2024-12-31): 7.1%Derived (calculated)
- Current ratio (FY 2024-12-31): 1.21xDerived (calculated)
- Debt-to-equity (FY 2024-12-31): 0.41xDerived (calculated)
- Net margin (FY 2024-12-31): 471.8%Derived (calculated)
- Total assets (annual): NOK 638.99MBRREG filing
- Total liabilities (annual): NOK 185.12MBRREG filing
- Total equity & liabilities (annual): NOK 638.99MBRREG filing
- Non current assets (annual): NOK 415.46MBRREG filing
- Current assets (annual): NOK 223.53MBRREG filing
- Shareholders' equity (annual): NOK 453.86MBRREG filing
- Finance expense (annual): NOK 10.81MBRREG filing
- Current liabilities (annual): NOK 185.12MBRREG filing
- Total operating expenses (annual): NOK 46.93MBRREG filing
- Revenue (annual): NOK 9.59MBRREG filing
- Operating income (annual): NOK -37.33MBRREG filing
- Non current liabilities (annual): NOK 0BRREG filing
- Net income (annual): NOK 45.27MBRREG filing
- Pre-tax income (annual): NOK 58.91MBRREG filing