Dampskibsselskabet Norden A/S/DKr DNORD
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Capital at risk
About Dampskibsselskabet Norden A/S
Dampskibsselskabet Norden A/S, headquartered in Hellerup, Denmark, operates within the shipping industry, focusing on the dry cargo and tanker markets. The company's core business involves owning and chartering ships that transport bulk commodities such as grain, coal, and iron ore, as well as refined oil products. Founded in 1871, Norden has built a significant presence in global shipping routes and continues to leverage its extensive experience and fleet versatility. The company differentiates itself through a combination of fleet optimization strategies and market adaptability, with a strong emphasis on environmental initiatives and advanced digital solutions for operational efficiency.
- Ticker
- DKr DNORD
- Sector
- Mobility
- Primary listing
- CSE
- Employees
- 463
- Headquarters
- Hellerup, Denmark
- Website
- norden.com
DNORD Metrics
BasicAdvanced
kr 11B
9.47
kr 41.02
-
kr 8.00
2.06%
Price and volume
Market cap
kr 11B
52-week high
kr 413.60
52-week low
kr 236.40
Average daily volume
60K
Dividend rate
kr 8.00
Financial strength
Current ratio
1.403
Quick ratio
1.114
Long term debt to equity
0.394
Total debt to equity
0.611
Dividend payout ratio (TTM)
19.86%
Interest coverage (TTM)
2.99%
Profitability
EBITDA (TTM)
1,218.735
Gross margin (TTM)
13.48%
Net profit margin (TTM)
4.64%
Operating margin (TTM)
3.73%
Effective tax rate (TTM)
0.62%
Revenue per employee (TTM)
kr 54,655,970
Management effectiveness
Return on assets (TTM)
3.49%
Return on equity (TTM)
13.20%
Valuation
Price to earnings (TTM)
9.469
Price to revenue (TTM)
0.437
Price to book
7.63
Price to tangible book (TTM)
7.92
Price to free cash flow (TTM)
-14.175
Free cash flow yield (TTM)
-7.05%
Free cash flow per share (TTM)
-27.4
Dividend yield (TTM)
2.06%
Growth
Revenue change (TTM)
12.94%
Earnings per share change (TTM)
29.79%
3-year revenue growth (CAGR)
-3.07%
10-year revenue growth (CAGR)
11.27%
3-year earnings per share growth (CAGR)
-27.76%
10-year earnings per share growth (CAGR)
-4.92%
3-year dividend per share growth (CAGR)
-49.88%
Bulls say / Bears say
NORDEN raised its 2026 net profit guidance for a fourth time, to USD 180–230 million, citing firmer rates and strong execution in both businesses. The expected USD 79 million of vessel-sale gains was unchanged, so the upgrade reflects better operating performance. (NORDEN)
Dry cargo returned to profit in Q2 after a costly fleet repositioning, while the company said all chartered vessels had cleared the Strait of Hormuz by June and no further related costs were expected. That recovery gives the earnings story support beyond the tanker market. (NORDEN)
NORDEN’s net asset value rose 23% to DKK 466 per share by the end of Q2, and it returned USD 34 million to shareholders through a dividend and buy-back. The stronger asset backing and ongoing distributions add to the investment case. (NORDEN)
The recent tanker earnings surge was driven by the Persian Gulf conflict and disrupted oil flows. If those disruptions ease, tanker rates and a key source of profit could retreat. (NORDEN)
NORDEN’s chief executive has warned that the tanker market may be closer to a peak as the orderbook grows, and the company is taking longer-term cover to reduce exposure. More vessel supply could pressure freight rates as new ships arrive. (Splash247)
The USD 79 million of expected vessel-sale gains is a sizeable part of the USD 180–230 million profit outlook. These gains are not a recurring source of earnings, leaving future results more reliant on volatile freight markets and operating performance. (NORDEN)
Data summarised monthly by Lightyear AI. Last updated on 14 Oct 2026.
DNORD Financial Performance
Revenues and expenses
DNORD Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing DNORD
AllUSDEURGBP
Fund name | Fund size | DKr DNORD weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.07% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.07% |
iShares MSCI World Small Cap£WLDS | $9B | 0.01% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | $9B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.