Added to YB: 2026-09-16
Pitch date: 2026-09-13
GENO.OL [bullish]
General Oceans ASA
Author Info
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Company Info
General Oceans ASA develops and manufactures oceanographic sensors, underwater vehicle systems, robotic manipulators, and software in Norway and Internationally.
Market Cap
NOK 3.4B
Pitch Price
N/A
Price Target
36.00
Dividend
N/A
EV/EBITDA
13.22
P/E
16.61
EV/Sales
2.24
Sector
Electronic Equipment, Instruments and Components
Category
growth
General Oceans: Defence growth beneath the surface
GENO.OL: General Oceans offers small-cap exposure to defence and subsea automation at NOK 18.08, with a NOK 26 base case if new defence orders improve 2027 visibility, while offshore energy could add a second growth engine from 2027. Defence revenue rose 59% in H1 and 2026E EV/EBITA is ~11x, but failure to bridge the backlog beyond 2026 as Robotics margins normalise could drive shares toward NOK 12.
Read full article (6 min)