Okea Financial Statements From 2010 to 2024
| OKEA Stock | NOK 19.99 0.09 0.45% |
Check Okea ASA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Okea ASA's main balance sheet or income statement drivers, such as , as well as many indicators such as . Okea financial statements analysis is a perfect complement when working with Okea ASA Valuation or Volatility modules.
Okea |
Okea ASA Company Return On Equity Analysis
Okea ASA's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Okea ASA Return On Equity | 0.35 |
Most of Okea ASA's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Okea ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Okea ASA has a Return On Equity of 0.3537. This is 117.86% lower than that of the Energy sector and 80.13% lower than that of the Oil & Gas E&P industry. The return on equity for all Norway stocks is notably lower than that of the firm.
Okea ASA Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Okea ASA's current stock value. Our valuation model uses many indicators to compare Okea ASA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Okea ASA competition to find correlations between indicators driving Okea ASA's intrinsic value. More Info.Okea ASA is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.44 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Okea ASA is roughly 2.26 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Okea ASA's earnings, one of the primary drivers of an investment's value.About Okea ASA Financial Statements
Okea ASA investors utilize fundamental indicators, such as revenue or net income, to predict how Okea Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway. OKEA ASA is traded on Oslo Stock Exchange in Norway.
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Okea ASA financial ratios help investors to determine whether Okea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Okea with respect to the benefits of owning Okea ASA security.