Nerstad Tuft Transport AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 67 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 192 of 581 · What are Morning company classes?
Place in the whole sector: 841 of 2,587 · Transport og lagring
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 67 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Nerstad Tuft Transport AS is 9 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 581 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.3% (median 3.7%) and equity ratio 40.2% (median 29.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 78 MNOK | 98 MNOK |
| Operating margin | 5.3% | 3.7% |
| Profit margin | 7.4% | 3.5% |
| Return on assets | 16.1% | 9.8% |
| Equity ratio | 40.2% | 29.0% |
| Debt-to-equity | 1.49 | 2.35 |
| Current ratio | 2.09 | 1.31 |
| Revenue growth | −18.8% | 7.8% |
| Revenue per employee | 6.51 MNOK | 2.45 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, Nerstad Tuft Transport AS does better than 67% of companies in the Morning class Medium in the same sector (581 companies) in 2025.
Score 2023–2025
- Nerstad Tuft Transport AS
- Median: companies in the Morning class Medium in the same sector
Nerstad Tuft Transport AS has a score of 59 for 2025, rank 841 of 2,587 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 2.09 against a median of 1.31. Profitability: percentile 67 against peers, operating margin 5.3% against a median of 3.7%.
Weakest: Growth: percentile 2 against peers, revenue growth −18.8% against a median of 7.8%.
Worth a closer look
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Nerstad Tuft Transport AS had an operating margin of 5.3% and an equity ratio of 40.2% in 2025, and ranks 841 of 2,587 in Transport og lagring.
From 2024 to 2025: revenue fell by 19% and the operating margin fell from 8.2% to 5.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 16 MNOK and 49 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 49 MNOK |
| EV/EBIT | 8.0 | 26 MNOK |
| P/B | 1.0 | 16 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.4% of the debt in 2025. The policy rate averaged 4.30 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.9%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 67 | weight 30% |
|---|---|---|
| Solidity | 67 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 67 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nerstad Tuft Transport AS?
The operating margin was 5.3% in 2025, against a median of 3.7% among companies in the Morning class Medium in the same sector. Return on assets was 16.1%.
How solid is Nerstad Tuft Transport AS?
The equity ratio was 40.2% in 2025 (median 29.0%). Debt-to-equity was 1.49 (median 2.35).
What is the liquidity of Nerstad Tuft Transport AS like?
The current ratio was 2.09 in 2025 (median 1.31).
How does Nerstad Tuft Transport AS compare in Transport og lagring?
Nerstad Tuft Transport AS ranks 841 of 2,587 in Transport og lagring for 2025. Among companies in the Morning class Medium it is number 192 of 581. Revenue changed by −18.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 976688171
- Legal form
- AS · part of a group
- Sector
- Transport og lagring (49.410)
- Morning company class
- Medium
- Employees
- 12 registered 10 July 2026
- Founded
- 1 July 1996 30 years in operation
- Share capital
- 1.70 MNOK
- Business address
- Follummoveien 30, 3516 HØNEFOSS (RINGERIKE)
- Municipality
- Ringerike rank 6–11 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.ellingtufttransport.no
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 71.5%
- Split
- companies 95% · private persons 5% · foreign 0%
- Owned from the same municipality
- 76%
- Group chain
-
Owned by: Nerstad AS (71%)
Ultimate owner: private person
- Nerstad AS · 71.5%
- Hippe Holding AS · 23.5%
- 1 private persons · 5.0%
Change 2007–2025:
95% of the shares changed owner (2 new and 1 departed owners). The majority owner changed.
New owners (companies): Hippe Holding AS, Nerstad AS
Majority owner of: Nettfrakt AS (100%)
Holds shares in: Valdrestømmer AS (50%), Nettfrakt AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 75 | 59 | |
| Rank | 592 | 217 | 841 | |
| Operating margin | 7.2% | 8.2% | 5.3% | |
| Return on assets | 14.9% | 23.3% | 16.1% | |
| Equity ratio | 41.6% | 44.9% | 40.2% | |
| Current ratio | 1.18 | 1.47 | 2.09 | |
| Revenue growth | – | 15.0% | −18.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 83.6 MNOK | 96.2 MNOK | 78.1 MNOK |
| Operating profit | 6.0 MNOK | 7.9 MNOK | 4.1 MNOK |
| Profit before tax | 7.4 MNOK | 9.2 MNOK | 5.8 MNOK |
| Tax expense | 1.8 MNOK | 1.8 MNOK | 0.9 MNOK |
| Net profit | 5.7 MNOK | 7.4 MNOK | 4.9 MNOK |
| Financial expenses | 0.5 MNOK | 1.0 MNOK | 0.8 MNOK |
| Total assets | 53.4 MNOK | 43.7 MNOK | 41.1 MNOK |
| Current assets | 21.0 MNOK | 19.7 MNOK | 19.3 MNOK |
| Equity | 22.2 MNOK | 19.6 MNOK | 16.5 MNOK |
| Retained earnings | 20.3 MNOK | 17.7 MNOK | 14.5 MNOK |
| Total liabilities | 31.2 MNOK | 24.1 MNOK | 24.6 MNOK |
| Current liabilities | 17.7 MNOK | 13.4 MNOK | 9.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6683956.
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