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About the company
Var Energi ASA is a Norway-based pure play upstream oil and gas company. It operates four fields on the Norwegian continental shelf (NCS), located in the Barents Sea, the Norwegian Sea and the North Sea. The Company’s aim is exploration, development and production of hydrocarbons. Var Energi is engaged in large-scale national projects aiming to develop and demonstrate greenhouse gas (GHG) emission reduction capabilities The Company holds ownership interests in more than 30 partner-operated fields.
- Revenue in NOK (TTM)75.76bn
- Net income in NOK6.55bn
- Incorporated1995
- Employees1.06k
- LocationVar Energi ASAVestre Svanholmen 1SANDNES 4313NorwayNOR
- Phone+47 51606060
- Fax+47 52874930
- Websitehttps://varenergi.no/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Esso Societe Anonyme Francaise SA | 221.94bn | 6.18bn | 17.80bn | 1.57k | 2.88 | 0.6662 | 2.40 | 0.0802 | 40.99 | 40.99 | 1,472.72 | 177.14 | 4.07 | 9.58 | 21.97 | 12,058,090.00 | 11.32 | 6.51 | 19.35 | 11.87 | 5.92 | 5.00 | 2.78 | 1.48 | 1.07 | -- | 0.0157 | 17.46 | -22.84 | 5.31 | -5.94 | -- | -- | -- |
| Energean PLC | 15.49bn | 2.43bn | 23.73bn | 559.00 | 9.42 | 3.37 | 3.73 | 1.53 | 0.9522 | 0.8414 | 6.07 | 2.67 | 0.2555 | 11.10 | 6.73 | 1,972,325.00 | 4.00 | -0.3298 | 5.43 | -0.4145 | 49.28 | 42.79 | 15.67 | -2.56 | 1.29 | 3.16 | 0.8326 | -- | 92.60 | 73.49 | 970.78 | 11.93 | 13.01 | -- |
| HELLENiQ ENERGY Holdings SA | 155.50bn | 6.15bn | 25.02bn | 3.71k | 4.07 | 0.7325 | 2.38 | 0.1609 | 1.72 | 1.72 | 43.40 | 9.54 | 1.65 | 7.56 | 28.83 | 3,638,027.00 | 6.57 | 3.92 | 10.74 | 6.65 | 11.62 | 9.58 | 3.98 | 2.90 | 0.5692 | 6.05 | 0.4658 | 63.43 | -11.75 | 5.56 | -46.29 | 17.69 | 13.39 | 3.37 |
| Motor Oil Hellas Corinth Refineries SA | 159.75bn | 10.42bn | 27.83bn | 3.20k | 2.60 | 0.8091 | 2.08 | 0.1742 | 8.19 | 8.19 | 125.71 | 26.33 | 1.85 | 11.73 | 14.47 | 4,398,503.00 | 12.10 | 8.65 | 16.49 | 12.43 | 12.05 | 9.30 | 6.56 | 3.75 | 1.29 | 8.86 | 0.4945 | 28.97 | -19.93 | 6.94 | -16.76 | 25.63 | 18.61 | 6.93 |
| Rubis SCA | 77.90bn | 3.66bn | 28.27bn | 4.70k | 8.10 | 0.9398 | 4.57 | 0.3629 | 3.01 | 3.01 | 64.00 | 25.94 | 1.05 | 7.70 | 11.70 | 1,413,713.00 | 5.11 | 5.14 | 6.98 | 6.90 | 25.29 | 25.04 | 4.87 | 5.22 | 1.03 | 5.66 | 0.4366 | 66.04 | -7.07 | 8.55 | 34.54 | 9.80 | 4.01 | 4.48 |
| Aker ASA | 13.45bn | 3.75bn | 41.57bn | 3.17k | 10.80 | 0.8282 | 5.74 | 3.09 | 50.54 | 99.04 | 181.03 | 659.30 | 0.1291 | -- | 1.35 | 4,241,249.00 | 5.60 | 1.44 | 7.44 | 2.04 | 56.49 | 46.40 | 43.38 | 10.34 | -- | -- | 0.3963 | 47.64 | -45.01 | -19.23 | -80.08 | 44.07 | -10.55 | -7.18 |
| Harbour Energy PLC | 38.12bn | 1.02bn | 50.79bn | 1.81k | 28.63 | 1.87 | 3.34 | 1.33 | 0.0936 | 0.0936 | 3.49 | 1.43 | 0.3504 | 13.54 | 4.13 | 1,503,721.00 | 0.9402 | 1.96 | 1.24 | 2.52 | 36.34 | 40.63 | 2.68 | 5.95 | 0.7274 | -- | 0.4721 | 48.74 | -31.08 | 21.60 | -97.83 | -21.17 | 23.35 | -- |
| MOL Magyar Olaj es Gazipari Nyrt | 275.30bn | 16.15bn | 63.50bn | 25.23k | 3.36 | 0.426 | 1.98 | 0.2307 | 798.22 | 747.98 | 13,587.84 | 6,295.12 | 1.22 | 8.43 | 9.61 | 374,116,300.00 | 7.58 | 6.20 | 10.70 | 9.21 | 23.99 | 24.39 | 6.22 | 5.73 | 0.8947 | 17.66 | 0.2355 | 34.16 | -9.72 | 11.50 | -15.59 | 11.98 | 5.75 | 11.91 |
| Var Energi ASA | 75.76bn | 6.55bn | 82.38bn | 1.06k | 12.06 | 5.37 | 3.27 | 1.09 | 2.69 | 2.69 | 31.56 | 6.04 | 0.3662 | 5.58 | 17.82 | 71,808,340.00 | 3.24 | 0.6888 | 3.64 | 0.7833 | 81.70 | 80.94 | 8.86 | 2.29 | 0.4872 | -- | 0.7646 | -- | -30.38 | 20.27 | -34.83 | 15.87 | 34.12 | -- |
| Turkiye Petrol Rafinerileri AS | 264.17bn | 13.82bn | 97.53bn | 6.23k | 6.80 | 1.32 | 5.73 | 0.3692 | 23.34 | 23.34 | 446.02 | 120.57 | 2.86 | 14.32 | 21.80 | 141,931,200.00 | 15.09 | 14.57 | 27.06 | 25.95 | 12.80 | 12.85 | 5.27 | 6.14 | 0.8313 | 24.07 | 0.1209 | 60.13 | -25.11 | 50.62 | -12.62 | 70.55 | 67.46 | 59.46 |
Data as of Sep 27 2024. Currency figures normalised to Var Energi ASA's reporting currency: Norwegian Krone NOK
12.26%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Folketrygdfondetas of 24 Jun 2024 | 76.99m | 3.08% |
| DNB Asset Management ASas of 28 Jun 2024 | 72.63m | 2.91% |
| The Vanguard Group, Inc.as of 30 Jun 2024 | 30.70m | 1.23% |
| DWS Investments (UK) Ltd.as of 04 Jul 2024 | 30.17m | 1.21% |
| Alfred Berg Kapitalforvaltning ASas of 28 Jun 2024 | 24.78m | 0.99% |
| ODIN Forvaltning ASas of 31 Jul 2024 | 23.50m | 0.94% |
| Eika Kapitalforvaltning ASas of 31 Jul 2024 | 13.28m | 0.53% |
| Danske Invest Asset Management ASas of 31 Jul 2024 | 12.40m | 0.50% |
| Artemis Investment Management LLPas of 29 Mar 2024 | 12.37m | 0.50% |
| Arctic Asset Management ASas of 28 Jun 2024 | 9.31m | 0.37% |
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Data from 31 Mar 2024 - 31 Jul 2024Source: FactSet Research Systems Inc.
