Dampskibsselskabet Norden A/S/€DNORD
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Capital at risk
About Dampskibsselskabet Norden A/S
Dampskibsselskabet Norden A/S is a Danish shipping company engaged primarily in the operation of dry cargo and tanker vessels. The company provides transportation services for industrial and commodity customers across global shipping routes, with a fleet that includes a variety of vessel types such as Panamax, Supramax, and Handysize. Founded in 1871, Norden has a long history in maritime trade, reflecting its extensive operational expertise. Headquartered in Hellerup, Denmark, the company operates internationally, leveraging strategic maritime hubs to facilitate efficient shipping logistics. Its competitive strengths lie in a flexible business model, robust market knowledge, and long-term customer relationships.
- Ticker
- €DNORD
- Sector
- Mobility
- Primary listing
- XGAT
- Employees
- 463
- Headquarters
- Hellerup, Denmark
- Website
- norden.com
DNORD Metrics
BasicAdvanced
€1.3B
8.75
€5.54
0.01
€1.07
2.21%
Price and volume
Market cap
€1.3B
Beta
0.01
52-week high
€52.35
52-week low
€31.86
Average daily volume
63K
Dividend rate
€1.07
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)
3.10%
Profitability
EBITDA (TTM)
166.629
Gross margin (TTM)
13.39%
Net profit margin (TTM)
4.64%
Operating margin (TTM)
3.73%
Effective tax rate (TTM)
0.62%
Revenue per employee (TTM)
€7,383,670
Management effectiveness
Return on assets (TTM)
3.49%
Return on equity (TTM)
13.20%
Valuation
Price to earnings (TTM)
8.749
Price to revenue (TTM)
0.406
Price to book
7.19
Price to tangible book (TTM)
7.46
Price to free cash flow (TTM)
-13.16
Free cash flow yield (TTM)
-7.60%
Free cash flow per share (TTM)
-3.684
Dividend yield (TTM)
2.21%
Growth
Revenue change (TTM)
13.18%
Earnings per share change (TTM)
29.19%
3-year revenue growth (CAGR)
-3.10%
10-year revenue growth (CAGR)
11.26%
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)
-50.29%
Bulls say / Bears say
NORDEN is shifting towards Handysize and multipurpose vessels, which it says fit its customer and cargo network model; it added 26 vessels in these segments this year. A stronger contribution from dry cargo in Q3 offers early evidence that this strategy may be gaining traction. (Stock Analysis, Inderes)
Long-term charter contracts and higher coverage give NORDEN greater earnings visibility and reduce its exposure to volatile spot rates. The company reported tanker coverage of 87% for 2027 and contracts extending into 2029. (NORDEN, Stock Analysis)
Shipping earnings remain exposed to volatile freight markets and geopolitical shifts in trade flows. NORDEN flagged geopolitical uncertainty and the risk that voyage timing could push some expected earnings from Q4 into 2027. (NORDEN, Stock Analysis)
The outlook for tanker and large dry-bulk rates faces a supply risk: NORDEN expects product-tanker fleet growth to exceed 5% in 2027 and Capesize fleet growth to accelerate. More vessel capacity could put pressure on freight rates and earnings. (Xinde Marine News)
High charter coverage protects earnings if spot rates fall, but it also limits gains if rates rise further. Management acknowledged that locking in more vessel days reduces exposure to market upside. (Stock Analysis)
Data summarised monthly by Lightyear AI. Last updated on 10 Nov 2026.
DNORD Financial Performance
Revenues and expenses
DNORD Earnings Performance
Company profitability
Upcoming events
No upcoming events
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.