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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)72.78bn
- Net income in NOK5.42bn
- Incorporated1995
- Employees1.06k
- LocationVar Energi ASAVestre Svanholmen 1SANDNES 4313NorwayNOR
- Phone+47 51606060
- Fax+47 52874930
- Websitehttps://varenergi.no/
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Mergers & acquisitions
| Acquired company | VAR:OSL since announced | Transaction value |
|---|---|---|
| Feistein CCS AS | 20.89% | -- |
| Neptune Energy Norge AS | 35.48% | 2.28bn |
Data delayed at least 15 minutes, as of May 10 2024.
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aker ASA | 14.50bn | 2.91bn | 46.01bn | 3.17k | 15.83 | 1.02 | -- | 3.17 | 39.11 | 43.55 | 195.13 | 604.74 | 0.1559 | -- | 2.76 | 4,571,744.00 | -2.04 | 1.44 | -2.55 | 2.04 | 34.08 | 46.40 | -13.09 | 10.34 | 1.34 | -- | 0.3712 | 47.64 | -45.01 | -19.23 | -80.08 | 44.07 | -10.55 | -7.18 |
| ANK Bashneft' PAO | 120.92bn | 20.79bn | 66.50bn | 10.34k | 3.21 | 0.6856 | 2.47 | 0.55 | 1,044.82 | 1,044.82 | 6,076.58 | 4,898.74 | -- | -- | -- | -- | -- | 9.50 | -- | 11.15 | 88.31 | 62.64 | 17.34 | 10.03 | 0.00 | -- | 0.00 | -- | -- | 3.70 | -- | 12.52 | 4.71 | -- |
| MOL Magyar Olajes Gazipari Nyrt | 268.46bn | 15.98bn | 75.07bn | 24.91k | 3.63 | 0.5019 | 2.40 | 0.2796 | 837.74 | 837.03 | 14,069.09 | 6,056.47 | 1.14 | 7.40 | 9.42 | 357,598,700.00 | 7.25 | 6.20 | 10.76 | 9.21 | 24.12 | 24.39 | 6.37 | 5.73 | 0.8735 | -- | 0.2074 | 34.16 | -9.72 | 11.50 | -15.59 | 11.98 | 5.75 | 11.91 |
| DCC plc | 285.03bn | 4.48bn | 77.68bn | 16.10k | 17.35 | 1.92 | 8.31 | 0.2725 | 3.33 | 3.33 | 212.34 | 30.09 | 2.20 | 13.24 | 9.91 | 1,303,335.00 | 3.60 | 3.70 | 6.04 | 6.00 | 11.97 | 11.57 | 1.63 | 1.80 | 0.8256 | 5.50 | 0.4317 | 54.69 | 25.22 | 11.09 | 6.93 | 7.64 | 8.44 | 8.77 |
| Var Energi ASA | 72.78bn | 5.42bn | 87.56bn | 1.06k | 15.62 | 5.48 | 3.84 | 1.20 | 2.25 | 2.25 | 30.46 | 6.40 | 0.3323 | 4.96 | 13.19 | 68,987,540.00 | 2.55 | 0.6888 | 3.00 | 0.7833 | 81.12 | 80.94 | 7.68 | 2.29 | 0.5943 | 39.59 | 0.7583 | -- | -30.38 | 20.27 | -34.83 | 15.87 | 34.12 | -- |
| Turkiye Petrol Rafinerileri AS | 230.88bn | 18.02bn | 122.53bn | 6.06k | 6.80 | 1.81 | 6.08 | 0.5307 | 27.81 | 27.81 | 356.31 | 104.20 | 1.92 | 11.10 | 17.35 | 113,382,100.00 | 15.08 | 15.09 | 25.32 | 26.89 | 15.98 | 12.85 | 7.85 | 6.14 | 1.01 | 5.21 | 0.1463 | 40.37 | -25.11 | 50.62 | -12.62 | 70.55 | 67.46 | 36.83 |
Data as of May 10 2024. Currency figures normalised to Var Energi ASA's reporting currency: Norwegian Krone NOK
9.05%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Folketrygdfondetas of 18 Apr 2024 | 64.76m | 2.59% |
| DNB Asset Management ASas of 29 Feb 2024 | 37.87m | 1.52% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 27.34m | 1.10% |
| ODIN Forvaltning ASas of 27 Mar 2024 | 24.37m | 0.98% |
| Alfred Berg Kapitalforvaltning ASas of 27 Mar 2024 | 21.34m | 0.86% |
| Artemis Investment Management LLPas of 29 Dec 2023 | 16.10m | 0.65% |
| Danske Invest Asset Management ASas of 30 Apr 2024 | 12.52m | 0.50% |
| Arctic Asset Management ASas of 29 Feb 2024 | 7.95m | 0.32% |
| Schroder Investment Management Ltd.as of 31 Mar 2024 | 7.31m | 0.29% |
| Eika Kapitalforvaltning ASas of 31 Mar 2024 | 6.38m | 0.26% |
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Data from 31 Dec 2023 - 30 Apr 2024Source: FactSet Research Systems Inc.
