OTC · Airlines, Airports & Air Services

Norse Atlantic ASA (NRSAF) Stock

$0.55 +0.15% OTC: NRSAF Industrials

Norse Atlantic ASA is an airline specializing in long-distance, intercontinental routes. Its primary operations connect various destinations across Europe and the United States, including key cities such as New York, Florida, Paris, London, and Oslo.

Valuation

MetricValue
Price$0.55
Market Cap$90.60M
P/E Ratio-1.94
P/B Ratio-0.58
P/S Ratio0.12
EPS (TTM)$-0.23
52-Week High$0.97
52-Week Low$0.29
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE28.11%
ROA-7.99%
ROCE-5.29%
Gross Margin7.63%
Operating Margin-3.62%
Net Margin-9.23%
Debt/Equity-2.88
Current Ratio0.36

Annual Financials (USD)

Metric20212022202320242025
Revenue$0$104.0M$439.0M$588.0M$756.0M
Operating Profit$-8.0M$-146.0M$-135.0M$-97.0M$-21.0M
Net Profit$-7.0M$-175.0M$-169.0M$-135.0M$-64.0M
EPS$-0.30$-7.91$-2.50$-1.05$-0.23
Op Margin-140.1%-30.8%-16.5%-2.7%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$277.0M$1.1B$1.1B$1.0B$914.0M
Total Liabilities$121.0M$1.1B$1.2B$1.2B$1.2B
Cash$134.0M$65.0M$39.0M$23.0M$18.0M
Borrowings$115.0M$962.0M$974.0M$928.0M$836.0M

Latest News

Norse Atlantic ASA (NRSAF) Q1 2026 Earnings Call Highlights: Record Revenue Growth Amidst ... GuruFocus.com · May 29, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$-6.0M$-69.0M$-21.0M$56.0M$52.0M
Investing Cash Flow$-27.0M$-27.0M$-11.0M$-47.0M$-43.0M
Financing Cash Flow$0$-6.0M$-66.0M$-95.0M$-69.0M
Net Cash Flow$134.0M$-70.0M$-25.0M$-30.0M$-5.0M
Free Cash Flow$-8.0M$-70.0M$-25.0M$33.0M$31.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.02
EV / EBITDA19.25
FCF Yield34.22%
Quick Ratio0.34
Interest Coverage-0.67
Return 1Y
Return 3Y
Return 5Y

Ownership

Insiders Held55.35%
Institutions Held1.21%
Institutions Float Held2.71%

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AMROFAmaero Ltd $0.24 +11.90% -10.81 $149.34M 0.00%
BYYLFBalyo S.A. $0.40 +0.00% -3.33 $66.83M 0.00%
CNRDConrad Industries, Inc. $27.70 +1.84% 7.23 $139.00M 0.00%
DIALFDialight plc $4.90 +0.00% -13.71 $195.87M 0.00%
DIGTFThruvision Group plc $0.01 +0.00% -0.61 $4.25M 0.00%

About Norse Atlantic ASA

Norse Atlantic ASA is an airline specializing in long-distance, intercontinental routes. Its primary operations connect various destinations across Europe and the United States, including key cities such as New York, Florida, Paris, London, and Oslo. The company commenced operations in 2021 and is based in Arendal, Norway.

Norse Atlantic ASA is headquartered in NO.

Norse Atlantic ASA (NRSAF) stock trades at $0.55 with a market capitalization of $90.60M. The stock is valued at a price-to-earnings (P/E) ratio of -1.94, price-to-book of -0.58, price-to-sales of 0.12. Over the past 52 weeks the stock has ranged between $0.29 and $0.97, and currently trades 43.3% below its 52-week high.

On profitability, Norse Atlantic ASA generates a return on equity (ROE) of 28.11% — well above the market average, a sign of a high-quality business, return on capital employed of -5.29%, an operating margin of -3.62%, a net profit margin of -9.23%.

Official website: www.flynorse.com

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