Volare Shipping Ltd.

kr 157.96As of Sun 8 Nov 2026, 12:00 UTC

OSL:VLCCIndustrials

Country Norway

PE (Fwd) •••

TSR 10Y CAGR —

Div yield —

ROE —

Marine Shipping

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap kr 11.56B

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

kr 155

(2.01%)

140.30%

Hold 10|11|7|2|11

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

0.499

Revenue$B

1.002

1.069

1.171

1.269

1.408

1.539

1.640

1.814

1.981

2.166

0.526

9.00%

8.96%

29.88

Revenue growth%

26.95

25.76

23.70

26.50

25.50

26.13

23.22

21.22

19.92

18.52

2.63

21.22

24.60

6.43

Gross margin%

26.19

28.31

26.64

24.52

22.82

23.18

20.70

18.11

16.64

17.08

3.16

18.11

23.00

2.74

Operating margin%

9.78

12.05

9.07

10.61

12.89

12.67

12.62

14.50

16.75

17.00

12.18

14.50

12.65

16.24

Net margin%

23.57

23.48

20.53

19.04

19.27

16.81

13.93

15.47

14.15

16.13

22.58

15.47

17.92

32.40

P/E ratio (avg)x

6.721

6.938

7.471

6.838

5.987

5.714

5.218

5.217

5.559

5.016

22.40

5.218

5.851

16.34

EV/EBITx

33.33

33.42

39.25

40.09

48.53

53.19

53.56

59.59

59.41

71.99

24.03

59.41

50.86

3.22

FCF yield (avg)%

18.70

18.89

19.08

20.49

22.66

20.79

23.61

21.53

22.41

24.15

5.09

22.41

21.16

23.26

FCF margin%

6.45

8.39

8.45

6.38

7.66

10.42

12.91

13.44

11.68

12.17

14.86

12.17

9.43

0.746

FCF / Net incomex

1.165

1.286

1.465

1.612

1.854

1.754

1.910

1.961

2.323

2.749

0.546

1.961

1.804

10.65

ROIC%

26.58

28.00

30.38

29.27

31.79

30.08

27.09

28.27

31.07

32.11

13.74

30.08

29.67

16.21

Return on equity%

0.66

2.99

3.90

5.43

3.67

6.29

8.69

8.06

6.05

6.00

4.59

6.29

5.71

21.41

Return on assets%

14.68

15.44

16.83

15.19

13.47

15.04

15.82

15.30

16.40

16.96

18.13

15.82

15.37

22.62

EPS$

5.64

6.14

6.12

6.39

6.89

7.18

7.36

7.61

7.21

8.04

23.99

3.14%

2.71%

—

26.57

EPS growth%

12.09

14.63

14.94

13.41

12.02

11.27

10.45

10.64

12.34

10.48

11.78

10.64

12.06

11.21

Bookvalue per sh$

8.98

8.31

7.47

7.11

7.62

7.99

8.26

7.48

7.31

6.57

16.94

(2.92%)

(4.01%)

—

7.61

FCF per share$

18.47

19.49

20.61

20.74

19.09

16.83

17.75

18.95

19.68

6.81

0.61%

0.65%

—

6.90

Dividend per sh$

4.07

4.28

4.61

5.09

5.06

5.69

5.93

5.61

5.39

5.71

21.39

2.46%

4.78%

—

4.29

Div yield (avg)%

25.37

22.97

20.10

20.35

19.31

21.05

19.70

19.10

19.46

17.18

3.09

19.46

19.90

14.96

Payout ratio%

5.43

6.12

4.92

3.53

1.12

0.40

3.21

8.69

0.40

2.17

74.21

Shares (diluted)M

78.83

71.29

67.20

70.28

67.53

63.65

68.41

63.82

58.58

60.66

74.81

(2.12%)

(1.83%)

2.69

Buyback yield%

26.33

29.12

31.34

31.40

33.81

35.76

33.96

36.07

39.01

36.84

8.30

36.07

33.89

0.140

D/E ratiox

1.802

1.828

1.824

1.730

1.863

2.096

2.089

2.238

2.164

2.205

0.420

2.164

1.976

1.942

Enterprise value$B

2.054

2.203

2.330

2.535

2.401

2.240

2.465

2.326

2.644

2.626

1.398

1.81%

3.76%

1.082

LT debt$B

1.271

1.176

1.150

1.063

0.964

1.078

0.977

1.008

1.034

1.096

0.530

2.60%

(2.05%)

Peers (US$1.152B)

Cap (US$)

Hutchison Port…

2.514B

15.65x

Samudera Shipping Line…

362.9M

5.274x

Marco Polo Marine Ltd.

320.5M

6.581x

Capital Maritime…

1.142B

18.41x

Capital

TTM

10Y

Leveragex

0.255

0.313

0.229

EBIT/Intx

0.488

0.484

0.402

Own earn%

(149.03)

114.53

112.05

Sh yield%

6.98

55.17

53.39

Owners

Insiders/Inst%

8.91

30.06

Short interest%

4.62

SBC / revenue%

5.49

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

9–17

$1 testx

2.3

Incr. ROIC%

Volare Shipping Ltd. operates as an international shipping company in Singapore. The company owns and operates a fleet of very large crude carriers (VLCCs) of oil tankers. The company was incorporated in 2026 and is based in Singapore. Volare Shipping Ltd. operates as a subsidiary of Trafigura Volare Holdings B.V.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$2.166B

8.96%

1.00×

Cost of revenue

$1.052B

9.08%

1.01×

Operating expenses

$349.2M

8.19%

0.93×