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Prosafe

DB:1Q6
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1Q6
DB
NOK141M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
  • Prosafe has significant price volatility in the past 3 months.
1Q6 Share Price and Events
7 Day Returns
142.4%
DB:1Q6
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-90.4%
DB:1Q6
-57.2%
Europe Energy Services
-20.9%
DE Market
1Q6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosafe (1Q6) 142.4% 17.2% -52.7% -90.4% -95.7% -99.9%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 1Q6 underperformed the Energy Services industry which returned -57.2% over the past year.
  • 1Q6 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
1Q6
Industry
5yr Volatility vs Market

1Q6 Value

 Is Prosafe undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Prosafe. This is due to cash flow or dividend data being unavailable. The share price is €0.16.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prosafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosafe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1Q6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-4.54
OB:PRS Share Price ** OB (2020-04-06) in NOK NOK1.73
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $0.16
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prosafe.

DB:1Q6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:PRS Share Price ÷ EPS (both in USD)

= 0.16 ÷ -4.54

-0.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosafe is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Prosafe is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Prosafe's expected growth come at a high price?
Raw Data
DB:1Q6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
65%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prosafe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prosafe's assets?
Raw Data
DB:1Q6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.03
OB:PRS Share Price * OB (2020-04-06) in NOK NOK1.73
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $0.16
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:1Q6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:PRS Share Price ÷ Book Value per Share (both in USD)

= 0.16 ÷ 0.03

6.06x

* Primary Listing of Prosafe.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosafe is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Prosafe's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Prosafe has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1Q6 Future Performance

 How is Prosafe expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosafe expected to grow at an attractive rate?
  • Unable to compare Prosafe's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Prosafe's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Prosafe's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1Q6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1Q6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 65%
DB:1Q6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -14.5%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1Q6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1Q6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 167 54 -64 1
2021-12-31 157 -5 -103 2
2020-12-31 149 -8 -139 2
2020-04-07
DB:1Q6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 225 79 -400
2019-09-30 271 98 -412
2019-06-30 288 85 -164
2019-03-31 313 110 -159
2018-12-31 329 147 -115
2018-09-30 332 166 -49
2018-06-30 328 158 -572
2018-03-31 289 134 -612
2017-12-31 282 156 -647
2017-09-30 269 179 -720
2017-06-30 329 241 117
2017-03-31 383 266 155

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosafe is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Prosafe's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1Q6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Prosafe Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1Q6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.78 -0.78 -0.78 1.00
2021-12-31 -1.20 -0.92 -1.48 2.00
2020-12-31 -1.65 -1.24 -2.06 2.00
2020-04-07
DB:1Q6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -4.54
2019-09-30 -4.46
2019-06-30 -1.79
2019-03-31 -1.80
2018-12-31 -1.30
2018-09-30 -0.61
2018-06-30 -7.47
2018-03-31 -8.01
2017-12-31 -8.98
2017-09-30 -10.32
2017-06-30 2.13
2017-03-31 4.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Prosafe will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Prosafe's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prosafe has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1Q6 Past Performance

  How has Prosafe performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prosafe's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prosafe does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Prosafe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Prosafe's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Prosafe's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prosafe Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1Q6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 225.40 -399.90
2019-09-30 271.10 -412.40 72.00
2019-06-30 288.20 -163.90 72.00
2019-03-31 313.20 -158.60 72.00
2018-12-31 328.70 -114.50 72.00
2018-09-30 332.30 -48.70 71.40
2018-06-30 327.60 -571.70 71.40
2018-03-31 289.00 -612.10 71.40
2017-12-31 281.90 -647.10 71.40
2017-09-30 268.50 -719.80 86.70
2017-06-30 329.40 117.10 86.70
2017-03-31 383.10 155.30 86.70
2016-12-31 410.40 172.60 86.70
2016-09-30 408.20 62.30 93.10
2016-06-30 432.50 -86.40 93.10
2016-03-31 409.60 -79.40 93.10
2015-12-31 430.80 -50.60 93.10
2015-09-30 466.20 143.40 103.00
2015-06-30 481.60 157.60 103.00
2015-03-31 522.50 187.50 103.00
2014-12-31 490.00 178.80 103.00
2014-09-30 484.20 187.50 93.10
2014-06-30 474.10 205.30 93.10
2014-03-31 484.20 218.10 93.10
2013-12-31 478.30 199.10 93.10
2013-09-30 497.00 181.70 91.80
2013-06-30 479.90 148.30 91.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Prosafe has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Prosafe has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Prosafe improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Prosafe's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prosafe has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1Q6 Health

 How is Prosafe's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prosafe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosafe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Prosafe's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prosafe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prosafe Company Filings, last reported 3 months ago.

DB:1Q6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2.40 1,397.90 198.10
2019-09-30 14.20 1,429.50 216.00
2019-06-30 374.40 1,246.20 120.50
2019-03-31 372.40 1,214.90 109.30
2018-12-31 400.20 1,259.10 131.50
2018-09-30 423.10 1,390.00 266.10
2018-06-30 496.30 1,344.60 274.60
2018-03-31 486.50 1,343.30 254.00
2017-12-31 497.60 1,387.10 226.60
2017-09-30 455.60 1,347.60 207.80
2017-06-30 1,085.30 1,353.60 218.80
2017-03-31 1,114.20 1,384.20 250.60
2016-12-31 1,129.50 1,442.10 205.50
2016-09-30 1,077.00 1,426.30 183.40
2016-06-30 678.50 1,716.70 68.20
2016-03-31 682.50 1,721.70 71.00
2015-12-31 715.20 1,295.50 56.90
2015-09-30 777.10 1,307.90 85.20
2015-06-30 760.60 1,218.60 94.90
2015-03-31 745.10 1,128.80 151.40
2014-12-31 748.50 869.10 122.20
2014-09-30 726.60 919.40 145.60
2014-06-30 690.60 876.60 77.40
2014-03-31 701.50 786.50 57.60
2013-12-31 739.70 780.50 113.30
2013-09-30 705.70 731.70 118.00
2013-06-30 660.60 729.80 78.50
  • Prosafe's level of debt (58245.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (116.5% vs 58245.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Prosafe has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Prosafe has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -26.4% per year.
X
Financial health checks
We assess Prosafe's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prosafe has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1Q6 Dividends

 What is Prosafe's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Prosafe dividends. Estimated to be 0% next year.
If you bought €2,000 of Prosafe shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Prosafe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prosafe's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1Q6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1Q6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-04-07
DB:1Q6 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-02 0.000 0.000
2017-08-24 0.000 0.000
2017-05-11 0.000 0.000
2017-04-06 0.000 0.000
2017-02-09 0.000 0.000
2016-11-03 0.000 0.000
2016-08-24 0.000 0.000
2016-05-12 0.000 0.000
2016-04-27 0.000 0.000
2016-02-04 0.000 0.000
2015-04-14 53.300 19.407
2015-02-09 53.300 17.540
2014-08-21 64.000 16.273
2014-05-28 64.000 8.154
2014-02-10 64.000 8.128
2013-11-07 60.000 8.176
2013-08-22 60.000 7.013
2013-05-14 60.000 6.305
2013-02-08 60.000 6.123
2012-08-23 53.200 6.299
2012-05-23 53.200 7.501
2012-03-01 49.266 6.590
2011-11-02 43.653 6.025
2011-08-25 38.089 5.786
2011-05-25 34.975 5.109
2011-04-28 28.500 3.791
2011-02-17 28.500 3.810
2010-11-04 28.500 3.912
2010-08-26 18.564 3.347
2010-05-12 24.379 5.676
2010-04-19 23.301 4.258
2010-02-18 23.301 4.402
2009-11-05 22.528 4.056
2009-08-27 23.029 4.569
2009-05-15 9.140 1.883

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Prosafe has not reported any payouts.
  • Unable to verify if Prosafe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prosafe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prosafe has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Prosafe's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Prosafe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prosafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosafe has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1Q6 Management

 What is the CEO of Prosafe's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jesper Andresen
COMPENSATION $905,000
AGE 45
TENURE AS CEO 3.2 years
CEO Bio

Mr. Jesper Kragh Andresen has been the Chief Executive Officer at Prosafe SE since February 08, 2017. Mr. Andresen has been the Chief Executive Officer of Axis Offshore Pte. Ltd. since 2012. Mr. Andresen has been Chief Executive Officer of Prosafe Management AS since March 1, 2017. He served as the President of Lauritzen Offshore A/S at J. Lauritzen A/S. He served as Managing Director of Lauritzen Offshore Singapore at J. Lauritzen A/S. He has been a Director of Axis Offshore Pte. Ltd. since May 3, 2012. Mr. Andresen holds an Executive MBA from INSEAD, France/Singapore and a Masters degree in law from University of Copenhagen.

CEO Compensation
  • Jesper's compensation has increased whilst company is loss making.
  • Jesper's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Prosafe management team in years:

4.7
Average Tenure
46
Average Age
  • The tenure for the Prosafe management team is about average.
Management Team

Jesper Andresen

TITLE
Chief Executive Officer
COMPENSATION
$905K
AGE
45
TENURE
3.2 yrs

Stig Christiansen

TITLE
Deputy CEO & CFO
COMPENSATION
$775K
AGE
51
TENURE
4.7 yrs

Ryan Stewart

TITLE
Chief Commercial Officer
COMPENSATION
$562K
AGE
46

Cecilie Ouff

TITLE
Senior Manager of Finance & Investor Relations
TENURE
6.8 yrs

Elena Hajiroussou

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Prosafe board of directors in years:

2.9
Average Tenure
55
Average Age
  • The average tenure for the Prosafe board of directors is less than 3 years, this suggests a new board.
Board of Directors

Glen Rødland

TITLE
Non-Executive Chairman
COMPENSATION
$144K
AGE
55
TENURE
3.9 yrs

Svend Maier

TITLE
Non-Executive Director
COMPENSATION
$96K
AGE
54
TENURE
3.3 yrs

Kristian Johansen

TITLE
Non-Executive Director
COMPENSATION
$96K
AGE
48
TENURE
2.9 yrs

Birgit Aagaard-Svendsen

TITLE
Non-Executive Director
COMPENSATION
$107K
AGE
63
TENURE
2.9 yrs

Nina Tronstad

TITLE
Non-Executive Director
AGE
60
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Nov 19 Buy Ryan Stewart Individual 12. Nov 19 12. Nov 19 45,000 €0.42 €19,009
17. Sep 19 Buy Stig Christiansen Individual 17. Sep 19 17. Sep 19 27,500 €1.01 €27,783
17. Sep 19 Buy Jesper Andresen Individual 17. Sep 19 17. Sep 19 51,591 €0.97 €50,133
X
Management checks
We assess Prosafe's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prosafe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1Q6 News

Simply Wall St News

1Q6 Company Info

Description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. Its accommodation vessels are used for accommodation, engineering, construction, or storage capacity offshore. The company is also involved in the maintenance and modification of installations on fields in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning activities. It owns and operates a fleet of nine vessels consisting of eight semi-submersible accommodation vessels and one tender support vessel. The company primarily serves oil and gas operating companies. Prosafe SE was founded in 1972 and is based in Stavanger, Norway.

Details
Name: Prosafe SE
1Q6
Exchange: DB
Founded: 1972
NOK12,447,045
81,864,212
Website: http://www.prosafe.com
Address: Prosafe SE
Forusparken 2,
PO Box 39 Forus,
Stavanger,
Rogaland, 4064,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PRS Ordinary Shares Oslo Bors NO NOK 24. Apr 1997
OTCPK PRSE.F Ordinary Shares Pink Sheets LLC US USD 24. Apr 1997
DB 1Q6 Ordinary Shares Deutsche Boerse AG DE EUR 24. Apr 1997
BATS-CHIXE PRSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 24. Apr 1997
OTCPK PRSE.Y UNSPONSORED ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
417
Prosafe employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:02
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.