SONGA EAGLE AS
Score · fiscal year 2023
40of 100
How to read this: the company is ahead of 33 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 216 of 322 · What are Morning company classes?
Place in the whole sector: 592 of 893 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 29 and solidity 67 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
SONGA EAGLE AS is 9 points below the median for companies in the Morning class Medium in the same sector in 2023.
Median score 49 among 322 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 19.6% (median 27.6%) and equity ratio 47.7% (median 34.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 51 MNOK | 132 MNOK |
| Operating margin | 19.6% | 27.6% |
| Profit margin | 11.6% | 14.6% |
| Return on assets | 3.8% | 10.2% |
| Equity ratio | 47.7% | 34.4% |
| Debt-to-equity | 1.09 | 1.68 |
| Current ratio | 0.80 | 1.51 |
| Revenue growth | – | 17.0% |
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 40, SONGA EAGLE AS does better than 33% of companies in the Morning class Medium in the same sector (322 companies) in 2023.
Score 2023–2025
- SONGA EAGLE AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
SONGA EAGLE AS had an operating margin of 19.6% and an equity ratio of 47.7% in 2023, and ranks 592 of 893 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 5 MUSD and 7 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MUSD |
| EV/EBIT | 8.0 | 5 MUSD |
| P/B | 1.0 | 7 MUSD |
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
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.80 (median 1.51).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 29 | weight 30% |
|---|---|---|
| Solidity | 67 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 34 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SONGA EAGLE AS?
The operating margin was 19.6% in 2023, against a median of 27.6% among companies in the Morning class Medium in the same sector. Return on assets was 3.8%.
How solid is SONGA EAGLE AS?
The equity ratio was 47.7% in 2023 (median 34.4%). Debt-to-equity was 1.09 (median 1.68).
What is the liquidity of SONGA EAGLE AS like?
The current ratio was 0.80 in 2023 (median 1.51). Current assets did not cover current liabilities.
How does SONGA EAGLE AS compare in Sjøfart?
SONGA EAGLE AS ranks 592 of 893 in Sjøfart for 2023. Among companies in the Morning class Medium it is number 216 of 322.
From the Central Coordinating Register
- Org. no.
- 930069779
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 15 September 2022 4 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Haakon VIIs gate 1, 0161 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
- Chair of the board
- Arne Blystad
- Board member
- Geir Nedrelo
- Auditor
- BHL AS
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 40 | 62 | 57 | |
| Rank | 592 | 248 | 324 | |
| Operating margin | 19.6% | 29.9% | 22.9% | |
| Return on assets | 3.8% | 9.8% | 9.3% | |
| Equity ratio | 47.7% | 72.3% | 62.6% | |
| Current ratio | 0.80 | 0.56 | 0.63 | |
| Revenue growth | – | 109.2% | 20.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2023–31 December 2023: 10.5647 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.8 MUSD | 10.0 MUSD | 12.0 MUSD |
| Operating profit | 0.9 MUSD | 3.0 MUSD | 2.7 MUSD |
| Profit before tax | 0.6 MUSD | 2.0 MUSD | 2.6 MUSD |
| Net profit | 0.6 MUSD | 2.0 MUSD | 2.6 MUSD |
| Financial expenses | 0.0 MUSD | 1.1 MUSD | 0.2 MUSD |
| Total assets | 14.6 MUSD | 31.7 MUSD | 30.9 MUSD |
| Current assets | 3.3 MUSD | 5.0 MUSD | 7.2 MUSD |
| Equity | 7.0 MUSD | 22.9 MUSD | 19.3 MUSD |
| Retained earnings | 0.8 MUSD | 2.7 MUSD | 5.4 MUSD |
| Total liabilities | 7.6 MUSD | 8.8 MUSD | 11.5 MUSD |
| Current liabilities | 4.2 MUSD | 8.8 MUSD | 11.5 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5199267.
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