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OKEA

DB:3SX
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3SX
DB
NOK692M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

OKEA ASA, an oil company, engages in the development and production of oil and gas in Norwegian continental shelf. The last earnings update was 47 days ago. More info.


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  • OKEA has significant price volatility in the past 3 months.
3SX Share Price and Events
7 Day Returns
3%
DB:3SX
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-
DB:3SX
21.9%
DE Oil and Gas
-17.7%
DE Market
3SX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OKEA (3SX) 3% -58.7% -65.4% - - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • No trading data on 3SX.
  • No trading data on 3SX.
Price Volatility
Industry
5yr Volatility vs Market

3SX Value

 Is OKEA 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
Here we compare the current share price of OKEA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OKEA.

DB:3SX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3SX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 23%) (393.32%))
2.511
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:3SX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for OKEA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:3SX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 10.49%)
2020 163.00 Analyst x2 147.52
2021 123.00 Analyst x1 100.75
2022 -1,365.00 Analyst x1 -1,011.96
2023 2,573.00 Analyst x1 1,726.43
2024 734.00 Analyst x1 445.74
2025 208.54 Est @ -71.59% 114.62
2026 103.79 Est @ -50.23% 51.63
2027 67.18 Est @ -35.28% 30.24
2028 50.51 Est @ -24.81% 20.58
2029 41.68 Est @ -17.48% 15.37
Present value of next 10 years cash flows NOK1,640.00
DB:3SX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK41.68 × (1 + -0.39%) ÷ (10.49% – -0.39%)
NOK381.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK381.58 ÷ (1 + 10.49%)10
NOK140.72
DB:3SX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,640.00 + NOK140.72
NOK1,780.72
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK1,780.72 / 102.50
NOK17.37
DB:3SX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3SX represents 0.08533x of OB:OKEA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08533x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 17.37 x 0.08533
€1.48
Value per share (EUR) From above. €1.48
Current discount Discount to share price of €0.58
= -1 x (€0.58 - €1.48) / €1.48
61.1%

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

Current Discount
Amount off the current price OKEA is available for.
Intrinsic value
>50%
Share price is €0.58 vs Future cash flow value of €1.48
Current Discount Checks
For OKEA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OKEA's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OKEA's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 OKEA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OKEA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3SX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK-0.77
OB:OKEA Share Price ** OB (2020-03-30) in NOK NOK6.75
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of OKEA.

DB:3SX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:OKEA Share Price ÷ EPS (both in NOK)

= 6.75 ÷ -0.77

-8.81x

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

  • OKEA is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • OKEA is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does OKEA's expected growth come at a high price?
Raw Data
DB:3SX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
48.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 OKEA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on OKEA's assets?
Raw Data
DB:3SX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK16.47
OB:OKEA Share Price * OB (2020-03-30) in NOK NOK6.75
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:3SX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:OKEA Share Price ÷ Book Value per Share (both in NOK)

= 6.75 ÷ 16.47

0.41x

* Primary Listing of OKEA.

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

  • OKEA is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess OKEA'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. OKEA has a total score of 3/6, 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.

3SX Future Performance

 How is OKEA 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
48.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OKEA expected to grow at an attractive rate?
  • OKEA's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • OKEA's earnings growth is expected to exceed the Germany market average.
  • OKEA's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3SX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3SX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 48.8%
DB:3SX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:3SX 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 NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3SX Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 840
2023-12-31 2,863
2022-12-31 3,074 1,096 306 1
2021-12-31 3,896 1,037 286 2
2020-12-31 3,572 1,287 244 2
2020-03-31
DB:3SX Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 2,936 2,111 -71
2019-09-30 2,499 2,053 -126
2019-06-30 1,910 1,363 -113
2019-03-31 896 743 -162
2018-12-31 150 235 -154
2018-09-30 87 33 -127
2018-06-30 66 -39 -69
2018-03-31 40 -44 -44
2017-12-31 38 -37 -46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OKEA's earnings are expected to grow significantly at over 20% yearly.
  • OKEA's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
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:3SX 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 OKEA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3SX Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.96 2.96 2.96 1.00
2021-12-31 2.79 3.66 1.92 2.00
2020-12-31 2.38 2.61 2.14 2.00
2020-03-31
DB:3SX Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 -0.77
2019-09-30 -1.53
2019-06-30 -1.71
2019-03-31 -2.19
2018-12-31 -3.92
2018-09-30 -3.42
2018-06-30 -1.87
2018-03-31 -1.17
2017-12-31 -3.19

*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.
  • OKEA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OKEA'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.
OKEA has a total score of 3/6, 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.

3SX Past Performance

  How has OKEA 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 OKEA's growth in the last year to its industry (Oil and Gas).
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.
  • OKEA does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare OKEA's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare OKEA's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
OKEA'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 OKEA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3SX Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,935.64 -71.13 402.01
2019-09-30 2,499.25 -125.51 218.06
2019-06-30 1,910.11 -112.74 132.46
2019-03-31 895.56 -162.42 100.06
2018-12-31 149.76 -153.63 100.68
2018-09-30 86.80 -127.22 64.57
2018-06-30 66.11 -69.31 58.26
2018-03-31 39.87 -43.59 50.25
2017-12-31 38.43 -45.81 38.18
2016-12-31 -5.66 13.10

*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 OKEA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • OKEA used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if OKEA 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 OKEA'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 Oil and Gas 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.
OKEA 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.

3SX Health

 How is OKEA'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 OKEA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OKEA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OKEA's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of OKEA'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 0.9x 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 OKEA Company Filings, last reported 3 months ago.

DB:3SX Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,681.43 2,557.83 1,663.48
2019-09-30 1,679.00 2,663.75 1,798.84
2019-06-30 1,755.44 2,488.12 1,329.26
2019-03-31 1,460.06 2,507.02 585.95
2018-12-31 1,463.40 2,529.73 394.67
2018-09-30 482.04 2,396.72 56.91
2018-06-30 545.99 2,356.17 73.07
2018-03-31 577.71 919.23 121.23
2017-12-31 473.83 964.45 29.61
2016-12-31 364.48 20.24 37.89
  • OKEA's level of debt (152.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if OKEA's debt level has increased without past 5-year debt data.
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 OKEA has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making OKEA has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -123.3% per year.
X
Financial health checks
We assess OKEA'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. OKEA 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.

3SX Dividends

 What is OKEA'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 OKEA dividends. Estimated to be 0% next year.
If you bought €2,000 of OKEA 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 OKEA's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate OKEA'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:3SX 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:3SX Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-03-31

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

  • Unable to perform a dividend volatility check as OKEA has not reported any payouts.
  • Unable to verify if OKEA's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of OKEA's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as OKEA has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of OKEA's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess OKEA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 OKEA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OKEA 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.

3SX Management

 What is the CEO of OKEA'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
Erik Haugane
COMPENSATION NOK3,445,000
AGE 66
CEO Bio

Mr. Erik Haugane serves as Chief Executive Officer and Founder at OKEA AS. He served as the Chief Executive Officer and President of Det Norske Oljeselskap ASA until May 1, 2013. Mr. Haugane served as an Advisor of Det Norske Oljeselskap ASA since May 1, 2013. He served as Managing Director of Pertra at Petroleum Geo Services ASA. He joined Petroleum Geo-Services ASA in 1992, as an Assistant Manager of International Business Development in PGS Nopec. He has 20 years of experience from the oil industry and has been employed as an Exploration Geologist with Esso, Research Scientist with SINTEF, Advisor in Energy Matters with the Governor of Sør-Trøndelag and Secretary of the Mid-Norwegian Oil Council. He joined PGS in 1992, where he worked internationally and was stationed in Singapore for 2 years. He served as an Asian Business Development Manager of PGS Exploration from 1994 to 1996. He served as the President of Pertra since its foundation in 2001. He served as an Account Executive of Norway at PGS ASA since 1997 and served as its Senior Advisor since 2000. He served as a Director of Statkraft AS since June 27, 2013 until June 27, 2014. He served as a Director of Det Norske Oljeselskap ASA until May 1, 2013. Mr. Haugane holds a Cand. real. Degree in Exogene Geology from the University of Tromsø.

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

Erik Haugane

TITLE
Founder & CEO
COMPENSATION
NOK3M
AGE
66

Knut Evensen

TITLE
Senior Vice President of Finance
COMPENSATION
NOK3M

Tor Bjerkestrand

TITLE
Senior Vice President Operations
COMPENSATION
NOK283K

Kjersti Hovdal

TITLE
Senior Vice President Accounting & Controlling
COMPENSATION
NOK167K

Anton Tronstad

TITLE
Senior Vice President of Projects & Technology
COMPENSATION
NOK3M
AGE
62

Ola Moe

TITLE
Senior Vice President of Business Development
COMPENSATION
NOK3M

Dag Eggan

TITLE
Senior Vice President of Business Performance
COMPENSATION
NOK3M
AGE
46

Ståle Myhre

TITLE
VP of Investor Relations
AGE
47

Marit Vik-Langlie

TITLE
Vice President of Legal

Andrew McCann

TITLE
Senior Vice President of Subsurface
Board of Directors Tenure

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

0.8
Average Tenure
59
Average Age
  • The average tenure for the OKEA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chaiwat Kovavisarach

TITLE
Chairman
AGE
52

Henrik Schröder

TITLE
Director
COMPENSATION
NOK213K

Prisana Praharnkhasuk

TITLE
Director
AGE
65
TENURE
1.2 yrs

Michael Fischer

TITLE
Director
AGE
60
TENURE
1.3 yrs

Finn Haugan

TITLE
Director
AGE
66
TENURE
0.8 yrs

Liv Monica Stubholt

TITLE
Director
AGE
58
TENURE
0.8 yrs

Rune Pedersen

TITLE
Director
AGE
49
TENURE
0.8 yrs

Nicola Gordon

TITLE
Director
TENURE
0.8 yrs

Anne Rømuld

TITLE
Director
TENURE
0.8 yrs

Ida Lundh

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by OKEA individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Feb 20 Buy Andrew McCann Individual 28. Feb 20 28. Feb 20 3,000 €1.35 €4,039
27. Feb 20 Buy Tor Bjerkestrand Individual 26. Feb 20 26. Feb 20 600 €1.62 €971
27. Feb 20 Buy Espen Myhra Individual 27. Feb 20 27. Feb 20 710 €1.49 €1,060
25. Feb 20 Buy Bjorn Pettersen Individual 25. Feb 20 25. Feb 20 4,255 €1.64 €6,966
20. Feb 20 Buy Jan Johansen Individual 20. Feb 20 20. Feb 20 3,108 €1.78 €5,520
19. Feb 20 Buy Tor Bjerkestrand Individual 18. Feb 20 18. Feb 20 17,000 €1.79 €30,373
19. Feb 20 Buy Ragnhid Aas Individual 17. Feb 20 17. Feb 20 3,615 €1.69 €6,097
14. Feb 20 Buy Andrew McCann Individual 13. Feb 20 13. Feb 20 4,375 €1.65 €7,233
13. Feb 20 Buy Tor Bjerkestrand Individual 13. Feb 20 13. Feb 20 12,000 €1.65 €19,851
13. Feb 20 Buy Kjersti Hovdal Individual 13. Feb 20 13. Feb 20 6,251 €1.65 €10,335
13. Feb 20 Buy Marit Vik-Langlie Individual 13. Feb 20 13. Feb 20 3,700 €1.69 €6,239
13. Feb 20 Buy Ida Lundh Individual 13. Feb 20 13. Feb 20 3,926 €1.64 €6,452
13. Feb 20 Buy Erik Haugane Individual 13. Feb 20 13. Feb 20 10,000 €1.66 €16,642
15. Jan 20 Buy Espen Myhra Individual 14. Jan 20 14. Jan 20 4,561 €1.91 €8,729
15. Jan 20 Buy Andrew McCann Individual 14. Jan 20 14. Jan 20 1,000 €1.91 €1,914
10. Jan 20 Buy Anne Rømuld Individual 10. Jan 20 10. Jan 20 5,750 €1.92 €11,056
06. Jan 20 Buy Anton Tronstad Individual 03. Jan 20 03. Jan 20 21,670 €1.87 €40,439
03. Jan 20 Buy Erik Haugane Individual 03. Jan 20 03. Jan 20 5,000 €1.86 €9,283
14. Aug 19 Buy Kørven AS Company 13. Aug 19 13. Aug 19 22,944 €2.10 €48,266
X
Management checks
We assess OKEA'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. OKEA 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.

3SX News

Simply Wall St News

3SX Company Info

Description

OKEA ASA, an oil company, engages in the development and production of oil and gas in Norwegian continental shelf. The company holds interest 44.56% in Draugen, 12% in Gjøa, and 0.55% in Ivar Aasen licenses. OKEA ASA was founded in 2015 and is headquartered in Trondheim, Norway.

Details
Name: OKEA ASA
3SX
Exchange: DB
Founded: 2015
NOK59,435,652
102,502,650
Website: http://okea.no
Address: OKEA ASA
Ferjemannsveien 10,
Trondheim,
Sør-Trøndelag, 7042,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB OKEA Ordinary Shares Oslo Bors NO NOK 18. Jun 2019
DB 3SX Ordinary Shares Deutsche Boerse AG DE EUR 18. Jun 2019
Number of employees
Current staff
Staff numbers
182
OKEA employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:04
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/13
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.