AS EINAR KUNSTS ETF
Score · fiscal year 2023
71of 100
How to read this: the company is ahead of 80 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 673 of 3,284 · What are Morning company classes?
Place in the whole sector: 4,161 of 21,201 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 85 and solidity 60 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
AS EINAR KUNSTS ETF is 21 points above the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 3,284 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 10.8% (median 2.9%) and equity ratio 35.9% (median 29.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 71 MNOK | 91 MNOK |
| Operating margin | 10.8% | 2.9% |
| Profit margin | 9.9% | 2.7% |
| Return on assets | 23.3% | 11.6% |
| Equity ratio | 35.9% | 29.5% |
| Debt-to-equity | 1.78 | 2.32 |
| Current ratio | 1.53 | 1.39 |
| Revenue growth | – | 5.2% |
| Revenue per employee | 10.17 MNOK | 4.75 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 71, AS EINAR KUNSTS ETF does better than 80% of companies in the Morning class Medium in the same sector (3,284 companies) in 2023.
Score 2023–2025
- AS EINAR KUNSTS ETF
- Median: companies in the Morning class Medium in the same sector
What the numbers say
AS EINAR KUNSTS ETF had an operating margin of 10.8% and an equity ratio of 35.9% in 2023, and ranks 4,161 of 21,201 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 13 MNOK and 72 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 55 MNOK |
| EV/EBIT | 8.0 | 72 MNOK |
| P/B | 1.0 | 13 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.
Financial costs were 5.0% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 85 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 58 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 71 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is AS EINAR KUNSTS ETF?
The operating margin was 10.8% in 2023, against a median of 2.9% among companies in the Morning class Medium in the same sector. Return on assets was 23.3%.
How solid is AS EINAR KUNSTS ETF?
The equity ratio was 35.9% in 2023 (median 29.5%). Debt-to-equity was 1.78 (median 2.32).
What is the liquidity of AS EINAR KUNSTS ETF like?
The current ratio was 1.53 in 2023 (median 1.39).
How does AS EINAR KUNSTS ETF compare in Handel?
AS EINAR KUNSTS ETF ranks 4,161 of 21,201 in Handel for 2023. Among companies in the Morning class Medium it is number 673 of 3,284.
From the Central Coordinating Register
- Org. no.
- 913635469
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 7 registered 10 August 2025
- Founded
- 11 May 1970 56 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Hoffsveien 65A, 0377 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300PLFOONVSGBNN17 not renewed (lapsed)
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
- Tom Børge Kunst Knutsen
- Chair of the board
- Tom Børge Kunst Knutsen
- Deputy member
- Georg Halle Knutsen
- Auditor
- STATSAUT. REVISOR JOHN ASLE JOHNSEN AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- BTG INVEST AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 71 | 69 | 53 | |
| Rank | 4,161 | 3,646 | 10,189 | |
| Operating margin | 10.8% | 16.8% | 1.4% | |
| Return on assets | 23.3% | 29.5% | 6.1% | |
| Equity ratio | 35.9% | 38.5% | 47.6% | |
| Current ratio | 1.53 | 1.57 | 1.82 | |
| Revenue growth | – | 4.5% | 4.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 71.2 MNOK | 74.4 MNOK | 77.8 MNOK |
| Operating profit | 7.7 MNOK | 12.5 MNOK | 1.1 MNOK |
| Profit before tax | 7.1 MNOK | 13.0 MNOK | 1.7 MNOK |
| Net profit | 5.5 MNOK | 10.1 MNOK | 1.3 MNOK |
| Financial expenses | 1.1 MNOK | 1.4 MNOK | 0.8 MNOK |
| Total assets | 35.1 MNOK | 48.9 MNOK | 42.1 MNOK |
| Current assets | 34.4 MNOK | 47.2 MNOK | 40.0 MNOK |
| Equity | 12.6 MNOK | 18.8 MNOK | 20.0 MNOK |
| Retained earnings | 12.5 MNOK | 18.7 MNOK | 19.9 MNOK |
| Total liabilities | 22.5 MNOK | 30.1 MNOK | 22.0 MNOK |
| Current liabilities | 22.5 MNOK | 30.1 MNOK | 22.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5411933.
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