NORTH SEA GIANT AS
Score · fiscal year 2024
72of 100
How to read this: the company is ahead of 92 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 46 of 586 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 70 and solidity 78 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
NORTH SEA GIANT AS is 24 points above the median for medium-sized companies in the same sector in 2024.
Median score 48 among 144 companies.
Against medium-sized companies in the same sector in 2024: operating margin 10.2% (median 7.0%) and equity ratio 79.1% (median 40.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 403 MNOK | 246 MNOK |
| Operating margin | 10.2% | 7.0% |
| Profit margin | 51.6% | 9.2% |
| Return on assets | 23.7% | 9.9% |
| Equity ratio | 79.1% | 40.2% |
| Debt-to-equity | 0.26 | 1.32 |
| Current ratio | 1.56 | 1.31 |
| Revenue growth | 105.7% | 15.1% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 72, NORTH SEA GIANT AS does better than 92% of medium-sized companies in the same sector (144 companies) in 2024.
Score 2023–2025
- NORTH SEA GIANT AS
- Median: medium-sized companies in the same sector
What the numbers say
NORTH SEA GIANT AS had an operating margin of 10.2% and an equity ratio of 79.1% in 2024, and ranks 46 of 586 in Olje og gass.
From 2023 to 2024: revenue grew by 106% and the equity ratio fell from 93.7% to 79.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 334 MNOK and 1,952 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,952 MNOK |
| EV/EBIT | 8.0 | 334 MNOK |
| P/B | 1.0 | 717 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 70 | weight 30% |
|---|---|---|
| Solidity | 78 | weight 25% |
| Liquidity | 62 | weight 15% |
| Growth | 91 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 73 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORTH SEA GIANT AS?
The operating margin was 10.2% in 2024, against a median of 7.0% among medium-sized companies in the same sector. Return on assets was 23.7%.
How solid is NORTH SEA GIANT AS?
The equity ratio was 79.1% in 2024 (median 40.2%). Debt-to-equity was 0.26 (median 1.32).
What is the liquidity of NORTH SEA GIANT AS like?
The current ratio was 1.56 in 2024 (median 1.31).
How does NORTH SEA GIANT AS compare in Olje og gass?
NORTH SEA GIANT AS ranks 46 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 12 of 144. Revenue changed by 105.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 913357469
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 28 February 2014 12 years in operation
- Share capital
- 143.62 MNOK
- Business address
- Kvaløya 18, 5385 BAKKASUND (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Geir Klepsvik
- Chair of the board
- Knut Klepsvik
- Board member
- Sveinung Økland
- Auditor
- ERNST & YOUNG AS
- Accountant
- AIDER AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 74 | 72 | 60 | |
| Rank | 48 | 46 | 174 | |
| Operating margin | 5.3% | 10.2% | 8.2% | |
| Return on assets | 10.1% | 23.7% | 27.1% | |
| Equity ratio | 93.7% | 79.1% | 79.4% | |
| Current ratio | 4.34 | 1.56 | 0.65 | |
| Revenue growth | – | 105.7% | 1.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 195.8 MNOK | 402.8 MNOK | 410.2 MNOK |
| Operating profit | 10.4 MNOK | 41.1 MNOK | 33.5 MNOK |
| Profit before tax | 62.2 MNOK | 207.9 MNOK | 191.3 MNOK |
| Net profit | 57.3 MNOK | 195.2 MNOK | 180.0 MNOK |
| Financial expenses | 10.9 MNOK | 6.6 MNOK | 6.7 MNOK |
| Total assets | 721.8 MNOK | 906.8 MNOK | 731.6 MNOK |
| Current assets | 76.8 MNOK | 261.8 MNOK | 86.7 MNOK |
| Equity | 676.4 MNOK | 716.8 MNOK | 581.2 MNOK |
| Retained earnings | 343.5 MNOK | 473.9 MNOK | 437.2 MNOK |
| Total liabilities | 45.3 MNOK | 189.9 MNOK | 150.5 MNOK |
| Current liabilities | 17.7 MNOK | 167.8 MNOK | 132.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5808801.
Further
Similar companies
- SCANA HOLDING AS index 73, rank 36
- ØCH INVEST AS index 72, rank 44
- BELGRAVIA AS index 72, rank 48
- NOBLE INTREPID OPERATIONS AS index 71, rank 49
- REACH SUBSEA SHIPPING AS index 70, rank 58