DNO ASA (CHIX:DNOO) Intrinsic Value: Projected FCF: kr48.71 (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:DNOO DNO ASA CHIX:DNOO
80 GF Score
Price kr18.71
GF Value kr35.58
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is DNO ASA Intrinsic Value: Projected FCF?

DNO ASA CHIX:DNOO 80 Intrinsic Value: Projected FCF is kr48.71 as of Sep. 15, 2026. GuruFocus rates CHIX:DNOO with a GF Score™ of 80/100 and a GF Value™ of kr35.58 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 634 Oil & Gas companies, DNO ASA ranks better than 85.33% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-15), DNO ASA's Intrinsic Value: Projected FCF is kr48.71. The stock price of DNO ASA is kr18.71. Therefore, DNO ASA's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for DNO ASA's Intrinsic Value: Projected FCF or its related term are showing as below:

CHIX:DNOo' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.2   Med: 0.46   Max: 5.62
Current: 0.38

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of DNO ASA was 5.62. The lowest was 0.20. And the median was 0.46.

CHIX:DNOo's Price-to-Projected-FCF is ranked better than
85.33% of 634 companies
in the Oil & Gas industry
Industry Median: 0.87 vs CHIX:DNOo: 0.38

DNO ASA  (CHIX:DNOo) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

DNO ASA's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=18.71/49.754346113443
=0.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DNO ASA Intrinsic Value: Projected FCF Related Terms


DNO ASA Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for DNO ASA's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DNO ASA Intrinsic Value: Projected FCF Chart

DNO ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.31 24.98 36.18 27.50 28.48

DNO ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.99 29.48 28.48 38.11 51.04

CHIX:DNOO vs COP, EOG, OXY: Intrinsic Value: Projected FCF Comparison

For the Oil & Gas E&P subindustry, DNO ASA's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DNO ASA Price-to-Projected-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DNO ASA's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where DNO ASA's Price-to-Projected-FCF falls into.


CHIX:DNOO
80GF Score
DNO ASA CHIX:DNOO
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DNO ASA Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get DNO ASA's Free Cash Flow(6 year avg) = kr2,560.62.

DNO ASA's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*2560.6248+13066.011*0.8)/975.000
=49.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of kr48.71 mean?
DNO ASA (CHIX:DNOO) has a Intrinsic Value: Projected FCF of kr48.71 as of Sep. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on DNO ASA and its competitors. According to the industry distribution chart, DNO ASA ranks #93 out of 634 companies in the Oil & Gas industry, placing it in the top 14.7%.
Is DNO ASA's Intrinsic Value: Projected FCF too high?
DNO ASA's current Intrinsic Value: Projected FCF is kr48.71. Based on the distribution chart, DNO ASA ranks #93 out of 634 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, DNO ASA has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DNO ASA's Intrinsic Value: Projected FCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, DNO ASA ranks #93 out of 634 companies for Intrinsic Value: Projected FCF. This places DNO ASA in the top 15% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.87. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Oil & Gas company?
The median Intrinsic Value: Projected FCF among Oil & Gas companies is 0.87, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on DNO ASA and its competitors. For the Oil & Gas industry, the median Intrinsic Value: Projected FCF is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNO ASA's current Intrinsic Value: Projected FCF is kr48.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNO ASA stock overvalued right now?
Based on GuruFocus' analysis, DNO ASA (CHIX:DNOO) is currently considered Possible Value Trap. The stock's GF Value™ is kr35.58, compared to a current price of kr18.71 — trading 47.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is kr48.71. DNO ASA's overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For DNO ASA (CHIX:DNOO), the current Intrinsic Value: Projected FCF is kr48.71 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DNO ASA (CHIX:DNOO) Overvalued in 2026?

Based on GuruFocus' analysis, DNO ASA stock appears to be undervalued. The current stock price of kr18.71 is trading 47.4% below its estimated GF Value™ of kr35.58. GuruFocus considers DNO ASA to be Possible Value Trap.

Key valuation signals for CHIX:DNOO:

  • Intrinsic Value: Projected FCF: kr48.71
  • GF Value™: kr35.58 vs. price of kr18.71 (47.4% below fair value)
  • GF Score™: 80/100 with 6 warning signs

No single metric tells the full story. See the CHIX:DNOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DNO ASA Business Description

Industry EnergyOil & Gas
Address Dokkveien 1, Aker Brygge, Oslo, NOR, 0250
DNO ASA is an oil and gas exploration and production company. Its producing assets are located across the North Sea, which generates the majority of the revenue, Kurdistan, and West Africa. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities. The company generates a majority of its revenue from the sale of oil and the rest from tariff income, the sale of gas, and natural gas liquids.
80GF Score

Get the complete analysis for CHIX:DNOO

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr18.71
Price
kr35.58
GF Value