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Norden Valuation Multiples
Discover revenue and EBITDA valuation multiples for Norden and similar public comparables like Capital Clean Energy, Nordic American Tankers, Global Ship Lease, SM SAAM and more.
Norden Overview
About Norden
Dampskibsselskabet Norden AS is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. It generates maximum revenue from Freight Services & Trading segment which offers transport of bulk commodities such as grain, coal, iron ore and sugar, and of fuel oil and refined oil products. Geographically, it generates revenue from China, Singapore, United States of America, Mexico and Other regions.
Founded
1871
HQ
Employees
473
Website
Sectors
Financials (LTM)
EV
$2B
Norden Financials
Norden reported last 12-month revenue of $2B and EBITDA of $387M.
In the same LTM period, Norden generated $387M in EBITDA and $110M in net income.
Revenue (LTM)
Norden P&L
In the most recent fiscal year, Norden reported revenue of $3B and EBITDA of $472M.
Norden expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $170M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 5% | XXX | XXX | XXX |
| EBITDA | $387M | XXX | $472M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $110M | XXX | $120M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Norden Stock Performance
Norden has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Norden's stock price is $47.51.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | (0.2%) | XXX | XXX | XXX | $4.22 |
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Start Free TrialNorden Valuation Multiples
Norden trades at 0.9x EV/Revenue multiple, and 4.5x EV/EBITDA.
EV / Revenue (LTM)
Norden Financial Valuation Multiples
As of March 7, 2026, Norden has market cap of $1B and EV of $2B.
Equity research analysts estimate Norden's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norden has a P/E ratio of 12.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 4.5x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBIT | 14.9x | XXX | 14.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.3x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | 11.3x | XXX | XXX | XXX |
| EV/FCF | (24.4x) | XXX | (13.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Norden Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Norden Margins & Growth Rates
Norden's revenue in the last 12 month grew by 27%.
Norden's revenue per employee in the last FY averaged $4.3M.
Norden's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norden's rule of X is 87% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Norden Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (15%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 87% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Norden Public Comps
See public comps and valuation multiples for other Marine Transportation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Capital Clean Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Nordic American Tankers | XXX | XXX | XXX | XXX | XXX | XXX |
| Global Ship Lease | XXX | XXX | XXX | XXX | XXX | XXX |
| SM SAAM | XXX | XXX | XXX | XXX | XXX | XXX |
| Luka Koper | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Norden M&A Activity
Norden acquired XXX companies to date.
Last acquisition by Norden was on XXXXXXXX, XXXXX. Norden acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Norden
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNorden Investment Activity
Norden invested in XXX companies to date.
Norden made its latest investment on XXXXXXXX, XXXXX. Norden invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Norden
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Norden
| When was Norden founded? | Norden was founded in 1871. |
| Where is Norden headquartered? | Norden is headquartered in Denmark. |
| How many employees does Norden have? | As of today, Norden has over 473 employees. |
| Who is the CEO of Norden? | Norden's CEO is Jan Rindbo. |
| Is Norden publicly listed? | Yes, Norden is a public company listed on Nasdaq Copenhagen. |
| What is the stock symbol of Norden? | Norden trades under DNORD ticker. |
| When did Norden go public? | Norden went public in 1993. |
| Who are competitors of Norden? | Norden main competitors are Capital Clean Energy, Nordic American Tankers, Global Ship Lease, SM SAAM. |
| What is the current market cap of Norden? | Norden's current market cap is $1B. |
| What is the current revenue of Norden? | Norden's last 12 months revenue is $2B. |
| What is the current revenue growth of Norden? | Norden revenue growth (NTM/LTM) is 27%. |
| What is the current EV/Revenue multiple of Norden? | Current revenue multiple of Norden is 0.9x. |
| Is Norden profitable? | Yes, Norden is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Norden? | Norden's last 12 months EBITDA is $387M. |
| What is Norden's EBITDA margin? | Norden's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Norden? | Current EBITDA multiple of Norden is 4.5x. |
| What is the current FCF of Norden? | Norden's last 12 months FCF is ($72M). |
| What is Norden's FCF margin? | Norden's last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of Norden? | Current FCF multiple of Norden is (24.4x). |
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