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Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to major destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Marketing & Customer, Operations, and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
1993
4.5K+
LTM Revenue $3.4B
LTM EBITDA $678M
$1.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Norwegian has a last 12-month revenue of $3.4B and a last 12-month EBITDA of $678M.
In the most recent fiscal year, Norwegian achieved revenue of $3.3B and an EBITDA of $690M.
Norwegian expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Norwegian valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.4B | $3.3B | XXX | XXX | XXX |
| Gross Profit | $180M | $514M | XXX | XXX | XXX |
| Gross Margin | 7% | 15% | XXX | XXX | XXX |
| EBITDA | $585M | $690M | XXX | XXX | XXX |
| EBITDA Margin | 24% | 21% | XXX | XXX | XXX |
| Net Profit | $95.0M | $164M | XXX | XXX | XXX |
| Net Margin | 4% | 5% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Norwegian's stock price is NOK 12 (or $1).
Norwegian has current market cap of NOK 12.0B (or $1.1B), and EV of NOK 17.2B (or $1.6B).
See Norwegian trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.6B | $1.1B | XXX | XXX | XXX | XXX | $0.13 |
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Sign UpAs of April 15, 2025, Norwegian has market cap of $1.1B and EV of $1.6B.
Norwegian's trades at 0.5x LTM EV/Revenue multiple, and 2.4x LTM EBITDA.
Analysts estimate Norwegian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Norwegian and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.6B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 2.4x | XXX | XXX | XXX |
| P/E | 8.9x | XXX | XXX | XXX |
| P/E/Growth | 0.5x | XXX | XXX | XXX |
| EV/FCF | 2.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNorwegian's NTM/LTM revenue growth is 7%
Norwegian's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Norwegian's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Norwegian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Norwegian and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 38% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 28% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Norwegian acquired XXX companies to date.
Last acquisition by Norwegian was XXXXXXXX, XXXXX XXXXX XXXXXX . Norwegian acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Norwegian founded? | Norwegian was founded in 1993. |
| Where is Norwegian headquartered? | Norwegian is headquartered in Norway. |
| How many employees does Norwegian have? | As of today, Norwegian has 4.5K+ employees. |
| Who is the CEO of Norwegian? | Norwegian's CEO is Mr. Geir Karlsen. |
| Is Norwegian publicy listed? | Yes, Norwegian is a public company listed on OSL. |
| What is the stock symbol of Norwegian? | Norwegian trades under NAS ticker. |
| When did Norwegian go public? | Norwegian went public in 2003. |
| Who are competitors of Norwegian? | Similar companies to Norwegian include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Norwegian? | Norwegian's current market cap is $1.1B |
| What is the current revenue of Norwegian? | Norwegian's last 12-month revenue is $3.4B. |
| What is the current EBITDA of Norwegian? | Norwegian's last 12-month EBITDA is $678M. |
| What is the current EV/Revenue multiple of Norwegian? | Current revenue multiple of Norwegian is 0.5x. |
| What is the current EV/EBITDA multiple of Norwegian? | Current EBITDA multiple of Norwegian is 2.4x. |
| What is the current revenue growth of Norwegian? | Norwegian revenue growth between 2023 and 2024 was 38%. |
| Is Norwegian profitable? | Yes, Norwegian is EBITDA-positive (as of the last 12 months). |
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