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Magseis Fairfield

DB:5M6
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5M6
DB
NOK325M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Magseis Fairfield ASA, a geophysical survey company, engages in the marine seismic operations and seismic related activities. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Magseis Fairfield has significant price volatility in the past 3 months.
5M6 Share Price and Events
7 Day Returns
217%
DB:5M6
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-91.3%
DB:5M6
-57.2%
Europe Energy Services
-20.9%
DE Market
5M6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magseis Fairfield (5M6) 217% -44% -74.1% -91.3% -91% -94.9%
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
  • 5M6 underperformed the Energy Services industry which returned -57.2% over the past year.
  • 5M6 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
5M6
Industry
5yr Volatility vs Market

Value

 Is Magseis Fairfield 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 Magseis Fairfield 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 Magseis Fairfield.

DB:5M6 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 9.6%
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:5M6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 23%) (191.15%))
1.84
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.84 * 5.44%)
9.62%

Discounted Cash Flow Calculation for DB:5M6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Magseis Fairfield 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:5M6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.62%)
2020 -28.00 Analyst x1 -25.54
2021 19.00 Analyst x1 15.81
2022 22.43 Est @ 18.07% 17.03
2023 25.24 Est @ 12.53% 17.48
2024 27.43 Est @ 8.65% 17.33
2025 29.06 Est @ 5.94% 16.75
2026 30.23 Est @ 4.04% 15.90
2027 31.05 Est @ 2.71% 14.90
2028 31.61 Est @ 1.78% 13.83
2029 31.96 Est @ 1.13% 12.76
Present value of next 10 years cash flows $116.00
DB:5M6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $31.96 × (1 + -0.39%) ÷ (9.62% – -0.39%)
$318.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $318.15 ÷ (1 + 9.62%)10
$127.01
DB:5M6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $116.00 + $127.01
$243.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $243.01 / 266.77
$0.91
DB:5M6 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:MSEIS)
10.458
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $0.91 x 10.458
NOK9.53
Non-primary Listing Adjustment Factor 1 share in DB:5M6 represents 0.11346x of OB:MSEIS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11346x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 9.53 x 0.11346
€1.08
Value per share (EUR) From above. €1.08
Current discount Discount to share price of €0.14
= -1 x (€0.14 - €1.08) / €1.08
87.2%

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

Current Discount
Amount off the current price Magseis Fairfield is available for.
Intrinsic value
>50%
Share price is €0.14 vs Future cash flow value of €1.08
Current Discount Checks
For Magseis Fairfield to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Magseis Fairfield's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Magseis Fairfield'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 Magseis Fairfield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magseis Fairfield's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5M6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.82
OB:MSEIS Share Price ** OB (2020-04-06) in NOK NOK1.22
OB:MSEIS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.096 $0.12
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 Magseis Fairfield.

DB:5M6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.12 ÷ -0.82

-0.14x

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

  • Magseis Fairfield is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Magseis Fairfield is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Magseis Fairfield's expected growth come at a high price?
Raw Data
DB:5M6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
112.8%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 Magseis Fairfield, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Magseis Fairfield's assets?
Raw Data
DB:5M6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.00
OB:MSEIS Share Price * OB (2020-04-06) in NOK NOK1.22
OB:MSEIS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.096 $0.12
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:5M6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.12 ÷ 1.00

0.12x

* Primary Listing of Magseis Fairfield.

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

  • Magseis Fairfield is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Magseis Fairfield'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. Magseis Fairfield 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.

Future Performance

 How is Magseis Fairfield 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
112.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magseis Fairfield expected to grow at an attractive rate?
  • Magseis Fairfield's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Magseis Fairfield's earnings growth is expected to exceed the Germany market average.
  • Magseis Fairfield'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:5M6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5M6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 112.8%
DB:5M6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.1%
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:5M6 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:5M6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 450 71 13 2
2020-12-31 390 50 -54 2
2020-04-07
DB:5M6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 460 145 -152
2019-09-30 461 115 -108
2019-06-30 343 72 -9
2019-03-31 231 18 -15
2018-12-31 136 14 -3
2018-09-30 65 7 -11
2018-06-30 78 21 5
2018-03-31 77 8 9
2017-12-31 74 24 7
2017-09-30 89 30 17
2017-06-30 74 2 -2
2017-03-31 62 6 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magseis Fairfield's earnings are expected to grow significantly at over 20% yearly.
  • Magseis Fairfield'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:5M6 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 Magseis Fairfield Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5M6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.20 0.33 0.07 2.00
2020-12-31 -0.02 0.26 -0.29 2.00
2020-04-07
DB:5M6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.82
2019-09-30 -0.66
2019-06-30 -0.07
2019-03-31 -0.15
2018-12-31 -0.04
2018-09-30 -0.16
2018-06-30 0.08
2018-03-31 0.14
2017-12-31 0.12
2017-09-30 0.32
2017-06-30 -0.06
2017-03-31 -0.25

*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.
  • Magseis Fairfield is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Magseis Fairfield'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.
Magseis Fairfield 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.

Past Performance

  How has Magseis Fairfield 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 Magseis Fairfield'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.
  • Magseis Fairfield does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Magseis Fairfield's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Magseis Fairfield's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Magseis Fairfield'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 Magseis Fairfield Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5M6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 459.63 -151.54 43.04 2.18
2019-09-30 461.43 -107.57 45.34 7.57
2019-06-30 343.24 -9.39 38.80 8.15
2019-03-31 231.42 -14.97 27.94 4.08
2018-12-31 136.48 -2.82 17.35 4.00
2018-09-30 65.03 -10.61 14.97 2.31
2018-06-30 77.69 5.00 12.75 2.22
2018-03-31 77.37 8.85 10.83 2.06
2017-12-31 73.88 6.70 9.14 2.00
2017-09-30 89.15 16.54 7.82 2.00
2017-06-30 73.59 -1.96 7.08 1.77
2017-03-31 61.87 -9.24 7.55 2.03
2016-12-31 58.91 -16.70 7.24 2.02
2016-09-30 44.42 -27.98 7.60 2.16
2016-06-30 44.14 -19.46 7.64 1.93
2016-03-31 53.06 -13.92 7.13 2.02
2015-12-31 40.67 -16.51 6.96 2.06
2015-09-30 46.90 -9.27 24.64 2.02
2015-06-30 48.66 -10.88 24.84 2.40
2015-03-31 48.48 -12.23 24.80 1.90
2014-12-31 56.61 -5.38 25.02 1.59
2014-09-30 57.09 -4.22 10.69 1.58
2014-06-30 42.51 -5.76 9.92 1.74
2014-03-31 26.09 -8.04 10.07 1.53
2013-12-31 12.24 -8.70 8.57 1.38
2013-09-30 0.00 -6.12 4.21 0.83

*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 Magseis Fairfield has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Magseis Fairfield 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 Magseis Fairfield 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 Magseis Fairfield'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.
Magseis Fairfield 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.

Health

 How is Magseis Fairfield'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 Magseis Fairfield's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magseis Fairfield's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Magseis Fairfield's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Magseis Fairfield'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 covered by short term assets, assets are 3.7x 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 Magseis Fairfield Company Filings, last reported 3 months ago.

DB:5M6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 184.59 32.49 53.97
2019-09-30 229.90 40.61 49.14
2019-06-30 340.43 60.78 54.23
2019-03-31 327.11 71.99 50.01
2018-12-31 333.57 63.48 69.33
2018-09-30 131.29 13.74 33.50
2018-06-30 137.23 14.54 36.17
2018-03-31 137.75 15.11 44.60
2017-12-31 95.04 16.30 29.96
2017-09-30 104.78 15.82 45.43
2017-06-30 95.07 13.68 33.66
2017-03-31 91.13 18.08 54.20
2016-12-31 49.05 20.22 19.15
2016-09-30 48.91 23.26 13.47
2016-06-30 57.56 12.92 16.86
2016-03-31 49.83 9.52 15.22
2015-12-31 53.66 3.49 11.61
2015-09-30 64.68 0.00 18.51
2015-06-30 64.89 0.00 11.81
2015-03-31 56.09 0.00 11.30
2014-12-31 62.42 1.20 21.71
2014-09-30 66.19 0.00 21.90
2014-06-30 68.14 0.00 31.66
2014-03-31 45.48 0.00 7.50
2013-12-31 44.18 0.00 7.01
2013-09-30 47.24 0.00 11.51
  • Magseis Fairfield's level of debt (17.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.9% vs 17.6% 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 Magseis Fairfield has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Magseis Fairfield has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -26.8% per year.
X
Financial health checks
We assess Magseis Fairfield'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. Magseis Fairfield has a total score of 4/6, 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.

Dividends

 What is Magseis Fairfield'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 Magseis Fairfield dividends. Estimated to be 0% next year.
If you bought €2,000 of Magseis Fairfield 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 Magseis Fairfield's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Magseis Fairfield'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:5M6 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:5M6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-07

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

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

Management

 What is the CEO of Magseis Fairfield'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
Carel Hooijkaas
COMPENSATION $998,000
TENURE AS CEO 0.5 years
CEO Bio

Mr. Carel Hooijkaas serves as Chief Executive Officer of Magseis ASA since October 1, 2019. Mr. Hooijkaas has experience in the oilfield services and equipment industry. Most recently, he was responsible for the Integrated Services Management operations at Schlumberger. Previous leadership positions at Schlumberger have included President WesternGeco, Vice President Integrated Project Management and Production Management for Europe & Africa, North Sea GeoMarket Manager, Vice President for WesternGeco’s Global Marine business, WesternGeco West Africa Region Manager, WesternGeco Marine North and South America Manager and a variety of roles of increasing leadership responsibility in WesternGeco’s Oslo Technology Center. Mr. Hooijkaas started his career at Schlumberger as Navigation Shift Leader onboard seismic acquisition vessels. He holds MSc in Measurement & Control from Delft University of Technology in the Netherlands.

CEO Compensation
  • Insufficient data for Carel to compare compensation growth.
  • Carel's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Magseis Fairfield management team in years:

1.6
Average Tenure
  • The average tenure for the Magseis Fairfield management team is less than 2 years, this suggests a new team.
Management Team

Carel Hooijkaas

TITLE
Chief Executive Officer
COMPENSATION
$998K
TENURE
0.5 yrs

Ivar Gimse

TITLE
Co-Founder & Executive VP of Business Development
COMPENSATION
$446K
TENURE
3.3 yrs

Jan Gateman

TITLE
Co-Founder & Executive Director
COMPENSATION
$279K

Mark Ivin

TITLE
Chief Financial Officer
COMPENSATION
$644K
AGE
54
TENURE
0.6 yrs

Tom Scoulios

TITLE
Chief Operating Officer
COMPENSATION
$456K

Nils Heieren

TITLE
Chief Technology Officer
COMPENSATION
$264K

Cathrin Bretzeg

TITLE
Senior Vice President of Human Resources
COMPENSATION
$257K
TENURE
2.8 yrs

Eivind Frømyr

TITLE
Chief Geophysicist
COMPENSATION
$186K
TENURE
2.2 yrs

Andrè Bjørvik

TITLE
Senior Vice President of Multi-client
COMPENSATION
$209K
TENURE
1.1 yrs

Simon Hayter

TITLE
COMPENSATION
$359K
Board of Directors Tenure

Average tenure and age of the Magseis Fairfield board of directors in years:

1.3
Average Tenure
51
Average Age
  • The average tenure for the Magseis Fairfield board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wenche Kjølås

TITLE
Independent Chairman of the Board
COMPENSATION
$40K
AGE
57
TENURE
0.4 yrs

Jan Gateman

TITLE
Co-Founder & Executive Director
COMPENSATION
$279K
TENURE
10.6 yrs

Bettina Bachmann

TITLE
Independent Non-Executive Director
COMPENSATION
$64K
TENURE
5.8 yrs

Edvin Endresen

TITLE
Independent Non-Executive Director
COMPENSATION
$67K
AGE
47
TENURE
1.9 yrs

Chuck Davison

TITLE
Director
COMPENSATION
$63K
AGE
50
TENURE
1.3 yrs

Angela Durkin

TITLE
Independent Director
COMPENSATION
$31K
AGE
51
TENURE
0.9 yrs

Luis Gomes Araujo

TITLE
Independent Director
COMPENSATION
$31K
AGE
60
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Magseis Fairfield individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Nov 19 Buy Jawendel AS Company 22. Nov 19 22. Nov 19 55,000 €0.38 €20,736
14. Feb 20 Buy Luis Gomes Araujo Individual 14. Feb 20 14. Feb 20 45,000 €0.34 €15,167
25. Feb 20 Buy Edvin Endresen Individual 25. Feb 20 25. Feb 20 40,000 €0.31 €12,562
21. Feb 20 Buy Bettina Bachmann Individual 21. Feb 20 21. Feb 20 50,000 €0.33 €16,570
14. Feb 20 Buy Angela Durkin Individual 14. Feb 20 14. Feb 20 78,892 €0.34 €26,747
X
Management checks
We assess Magseis Fairfield'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. Magseis Fairfield 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.

News

Simply Wall St News

Company Info

Description

Magseis Fairfield ASA, a geophysical survey company, engages in the marine seismic operations and seismic related activities. The company provides ocean bottom seismic (OBS) acquisition services to clients using its proprietary Marine Autonomous Seismic System (MASS) that includes ultra-compact 4C sensor capsules, automated handling systems, and data downloads. Its MASS acquisition system allows operating in water depths from 0 to 3,000 meters. The company also provides MASS cable system that enables acquisition in areas with seabed obstructions, various seabed topographies, and deployment in deeper water depths; MASS Modular, a mobile OBS system; and MASS reservoir monitoring services for seismic monitoring. It operates in Norway, Malaysia, Singapore, Red Sea, Sweden, Russia, Mexico, Indonesia, and the United States. The company was formerly known as Magseis ASA. Magseis Fairfield ASA was founded in 2009 and is headquartered in Lysaker, Norway.

Details
Name: Magseis Fairfield ASA
5M6
Exchange: DB
Founded: 2009
NOK28,731,495
266,770,592
Website: http://www.magseis.com
Address: Magseis Fairfield ASA
Strandveien 50,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB MSEIS Ordinary Shares Oslo Bors NO NOK 27. Dec 2012
DB 5M6 Ordinary Shares Deutsche Boerse AG DE EUR 27. Dec 2012
LSE 0QWE Ordinary Shares London Stock Exchange GB NOK 27. Dec 2012
BATS-CHIXE MSEISO Ordinary Shares BATS 'Chi-X Europe' GB NOK 27. Dec 2012
Number of employees
Current staff
Staff numbers
417
Magseis Fairfield 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 00:36
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/02/17
Last earnings filing: 2020/02/28
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.