EIDSVAAG AS
Score · fiscal year 2023
37of 100
How to read this: the company is ahead of 30 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 51 of 72 · What are Morning company classes?
Place in the whole sector: 640 of 893 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 44 and solidity 27 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
EIDSVAAG AS is 14 points below the median for companies in the Morning class Large in the same sector in 2023.
Median score 51 among 72 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 6.1% (median 6.0%) and equity ratio 13.5% (median 26.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 813 MNOK | 1,119 MNOK |
| Operating margin | 6.1% | 6.0% |
| Profit margin | 2.0% | 6.7% |
| Return on assets | 6.2% | 8.4% |
| Equity ratio | 13.5% | 26.7% |
| Debt-to-equity | 6.41 | 2.41 |
| Current ratio | 0.73 | 1.26 |
| Revenue growth | – | – |
| Revenue per employee | 5.72 MNOK | 3.91 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 37, EIDSVAAG AS does better than 30% of companies in the Morning class Large in the same sector (72 companies) in 2023.
Score 2023–2025
- EIDSVAAG AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
EIDSVAAG AS had an operating margin of 6.1% and an equity ratio of 13.5% in 2023, and ranks 640 of 893 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 112 MNOK and 127 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 127 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 112 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
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.73 (median 1.26).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 57 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is EIDSVAAG AS?
The operating margin was 6.1% in 2023, against a median of 6.0% among companies in the Morning class Large in the same sector. Return on assets was 6.2%.
How solid is EIDSVAAG AS?
The equity ratio was 13.5% in 2023 (median 26.7%). Debt-to-equity was 6.41 (median 2.41).
What is the liquidity of EIDSVAAG AS like?
The current ratio was 0.73 in 2023 (median 1.26). Current assets did not cover current liabilities.
How does EIDSVAAG AS compare in Sjøfart?
EIDSVAAG AS ranks 640 of 893 in Sjøfart for 2023. Among companies in the Morning class Large it is number 51 of 72.
From the Central Coordinating Register
- Org. no.
- 975972194
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Morning company class
- Large
- Employees
- 142 registered 10 October 2026
- Founded
- 8 November 1995 30 years in operation
- Share capital
- 2.60 MNOK
- Business address
- Gurvikdalsveien 16, 7270 DYRVIK (FRØYA)
- Municipality
- Frøya rank 1–8 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- LEI
- 984500F2F68DFDNC7221 renews 13 February 2027
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
- Vidar Eidsvaag
- Chair of the board
- Tore Holand
- Board member
- Rita Eidsvaag
- Board member
- Vidar Eidsvaag
- Deputy member
- Rune Eidsvaag
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 37 | 38 | 41 | |
| Rank | 640 | 703 | 718 | |
| Operating margin | 6.1% | 8.4% | 8.6% | |
| Return on assets | 6.2% | 6.3% | 6.6% | |
| Equity ratio | 13.5% | 9.0% | 8.2% | |
| Current ratio | 0.73 | 0.69 | 0.77 | |
| Revenue growth | – | 17.0% | 11.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 812.5 MNOK | 950.7 MNOK | 1,057.6 MNOK |
| Operating profit | 49.5 MNOK | 79.5 MNOK | 91.0 MNOK |
| Profit before tax | 16.3 MNOK | 14.2 MNOK | 12.5 MNOK |
| Net profit | 12.7 MNOK | 11.3 MNOK | 10.1 MNOK |
| Financial expenses | 35.2 MNOK | 68.2 MNOK | 82.6 MNOK |
| Total assets | 829.1 MNOK | 1,314.7 MNOK | 1,447.5 MNOK |
| Current assets | 116.6 MNOK | 97.5 MNOK | 134.8 MNOK |
| Equity | 111.9 MNOK | 118.2 MNOK | 118.3 MNOK |
| Retained earnings | 109.3 MNOK | 115.6 MNOK | 115.7 MNOK |
| Total liabilities | 717.2 MNOK | 1,196.5 MNOK | 1,329.1 MNOK |
| Current liabilities | 158.8 MNOK | 141.7 MNOK | 174.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5030229.
Further
Similar companies
- WALLENIUS WILHELMSEN OCEAN AS index 40, rank 588 · compare
- SOLSTAD REDERI AS index 39, rank 606 · compare
- CHAMPION TANKERS AS index 38, rank 612 · compare
- KCC CHARTERING AS index 35, rank 655 · compare
- HURTIGRUTEN SJØ AS index 32, rank 695 · compare