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Akastor

DB:KY7
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KY7
DB
NOK1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Akastor ASA operates as an oil-services investment company worldwide. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Akastor has significant price volatility in the past 3 months.
KY7 Share Price and Events
7 Day Returns
8.1%
DB:KY7
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-75.5%
DB:KY7
-57.2%
Europe Energy Services
-20.9%
DE Market
KY7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Akastor (KY7) 8.1% -52.9% -63.6% -75.5% -76% -83.2%
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
  • KY7 underperformed the Energy Services industry which returned -57.2% over the past year.
  • KY7 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
KY7
Industry
5yr Volatility vs Market

KY7 Value

 Is Akastor 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 Akastor 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 Akastor.

DB:KY7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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:KY7
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%) (200.42%))
1.883
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.883 * 5.44%)
9.85%

Discounted Cash Flow Calculation for DB:KY7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Akastor 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:KY7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 9.85%)
2020 396.00 Analyst x3 360.48
2021 353.33 Analyst x3 292.78
2022 371.00 Analyst x1 279.85
2023 382.23 Est @ 3.03% 262.45
2024 389.88 Est @ 2% 243.69
2025 394.88 Est @ 1.28% 224.68
2026 397.97 Est @ 0.78% 206.12
2027 399.68 Est @ 0.43% 188.44
2028 400.42 Est @ 0.18% 171.85
2029 400.47 Est @ 0.01% 156.45
Present value of next 10 years cash flows NOK2,386.00
DB:KY7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK400.47 × (1 + -0.39%) ÷ (9.85% – -0.39%)
NOK3,893.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK3,893.82 ÷ (1 + 9.85%)10
NOK1,521.23
DB:KY7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK2,386.00 + NOK1,521.23
NOK3,907.23
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK3,907.23 / 271.61
NOK14.39
DB:KY7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KY7 represents 0.08718x of OB:AKA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08718x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 14.39 x 0.08718
€1.25
Value per share (EUR) From above. €1.25
Current discount Discount to share price of €0.34
= -1 x (€0.34 - €1.25) / €1.25
72.9%

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

Current Discount
Amount off the current price Akastor is available for.
Intrinsic value
>50%
Share price is €0.34 vs Future cash flow value of €1.25
Current Discount Checks
For Akastor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Akastor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Akastor'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 Akastor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Akastor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KY7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK0.57
OB:AKA Share Price ** OB (2020-04-06) in NOK NOK3.9
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 Akastor.

DB:KY7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.9 ÷ 0.57

6.88x

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

  • Akastor is good value based on earnings compared to the Europe Energy Services industry average.
  • Akastor is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Akastor's expected growth come at a high price?
Raw Data
DB:KY7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
28.4%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 .

DB:KY7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.88x ÷ 28.4%

0.24x

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

  • Akastor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Akastor's assets?
Raw Data
DB:KY7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK16.03
OB:AKA Share Price * OB (2020-04-06) in NOK NOK3.9
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:KY7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.9 ÷ 16.03

0.24x

* Primary Listing of Akastor.

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

  • Akastor is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Akastor'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. Akastor has a total score of 6/6, 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.

KY7 Future Performance

 How is Akastor expected to perform in the next 1 to 3 years based on estimates from 3 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
28.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Akastor expected to grow at an attractive rate?
  • Akastor's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Akastor's earnings growth is expected to exceed the Germany market average.
  • Akastor's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KY7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KY7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 28.4%
DB:KY7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.2%
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:KY7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KY7 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,844 509 316 1
2021-12-31 5,779 451 298 3
2020-12-31 5,602 506 137 3
2020-04-06
DB:KY7 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 5,361 406 154
2019-09-30 4,894 -185 -278
2019-06-30 4,421 -222 -252
2019-03-31 3,989 140 -98
2018-12-31 3,800 315 -194
2018-09-30 4,295 478 -460
2018-06-30 3,899 236 -284
2018-03-31 4,413 -205 -1,035
2017-12-31 3,606 -673 -706
2017-09-30 4,013 -911 -1,426
2017-06-30 3,710 -358 -1,371
2017-03-31 4,339 -481 -1,717

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Akastor's earnings are expected to grow significantly at over 20% yearly.
  • Akastor's revenue is expected to grow by 3.2% 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:KY7 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 3 Analyst Estimates (S&P Global) See Below

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

DB:KY7 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.15 1.15 1.15 1.00
2021-12-31 1.09 1.52 0.80 3.00
2020-12-31 0.50 0.50 0.50 1.00
2020-04-06
DB:KY7 Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 0.57
2019-09-30
2019-06-30 -0.93
2019-03-31
2018-12-31 -0.72
2018-09-30
2018-06-30 -1.04
2018-03-31 -3.80
2017-12-31 -2.60
2017-09-30 -5.28
2017-06-30 -5.07
2017-03-31 -6.36

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

KY7 Past Performance

  How has Akastor 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 Akastor'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.
  • Akastor has delivered over 20% year on year earnings growth in the past 5 years.
  • Akastor has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Akastor has become profitable in the last year making it difficult to compare the Europe Energy Services industry average.
Earnings and Revenue History
Akastor'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 Akastor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KY7 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 5,361.00 154.00 1,719.00
2019-09-30 4,894.00 -278.00 1,448.00
2019-06-30 4,421.00 -252.00 1,448.00
2019-03-31 3,989.00 -98.00 1,448.00
2018-12-31 3,800.00 -194.00 1,448.00
2018-09-30 4,295.00 -460.00 1,657.00
2018-06-30 3,899.00 -284.00 1,570.00
2018-03-31 4,413.00 -1,035.00 1,657.00
2017-12-31 3,606.00 -706.00 1,570.00
2017-09-30 4,013.00 -1,426.00 2,156.00
2017-06-30 3,710.00 -1,371.00 2,156.00
2017-03-31 4,339.00 -1,717.00 2,156.00
2016-12-31 4,805.00 -1,952.00 2,156.00
2016-09-30 3,823.00 -1,250.00 3,205.00
2016-06-30 5,580.00 -2,378.00 3,205.00
2016-03-31 6,414.00 -2,025.00 3,205.00
2015-12-31 9,580.00 -1,844.00 3,205.00
2015-09-30 14,492.00 -2,172.00 6,242.00
2015-06-30 16,701.00 -674.00 6,242.00
2015-03-31 20,554.00 -1,587.00 6,242.00
2014-12-31 21,155.00 -1,398.00 6,242.00
2014-09-30 21,124.00 -879.00 6,130.00
2014-06-30 20,262.00 -1,073.00 6,130.00
2014-03-31 13,073.00 -471.00 6,130.00
2013-12-31 18,388.00 -248.00 6,130.00
2013-09-30 22,114.00 12.00
2013-06-30 29,038.00 571.00

*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.
  • Akastor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Akastor used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Akastor has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Akastor'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.
Akastor has a total score of 2/6, 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.

KY7 Health

 How is Akastor'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 Akastor's finances.

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

DB:KY7 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,371.00 1,447.00 555.00
2019-09-30 4,347.00 1,987.00 221.00
2019-06-30 4,321.00 1,711.00 281.00
2019-03-31 4,352.00 806.00 167.00
2018-12-31 4,317.00 602.00 198.00
2018-09-30 4,678.00 423.00 243.00
2018-06-30 4,724.00 1,663.00 356.00
2018-03-31 5,002.00 2,378.00 168.00
2017-12-31 5,277.00 2,532.00 168.00
2017-09-30 5,413.00 2,535.00 183.00
2017-06-30 5,395.00 3,450.00 189.00
2017-03-31 5,762.00 3,352.00 315.00
2016-12-31 5,580.00 3,054.00 487.00
2016-09-30 5,476.00 5,368.00 333.00
2016-06-30 5,718.00 6,009.00 315.00
2016-03-31 6,831.00 5,742.00 485.00
2015-12-31 7,386.00 5,637.00 563.00
2015-09-30 7,933.00 7,626.00 1,088.00
2015-06-30 8,810.00 7,156.00 850.00
2015-03-31 9,039.00 6,864.00 780.00
2014-12-31 9,378.00 5,028.00 1,075.00
2014-09-30 9,364.00 4,293.00 331.00
2014-06-30 14,613.00 5,993.00 1,734.00
2014-03-31 16,475.00 7,903.00 3,492.00
2013-12-31 13,375.00 11,360.00 2,382.00
2013-09-30 12,550.00 12,123.00 1,330.00
2013-06-30 11,871.00 11,510.00 1,054.00
  • Akastor's level of debt (33.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (53.9% vs 33.1% today).
  • Debt is well covered by operating cash flow (28.1%, greater than 20% of total debt).
  • Akastor earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Akastor'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. Akastor has a total score of 6/6, 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.

KY7 Dividends

 What is Akastor'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 Akastor dividends. Estimated to be 0% next year.
If you bought €2,000 of Akastor 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 Akastor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Akastor'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:KY7 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 3 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:KY7 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-06
DB:KY7 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2016-02-17 0.000 0.000
2015-11-02 0.000 0.000
2015-07-16 0.000 0.000
2015-04-28 0.000 0.000
2015-03-17 0.000 0.000
2015-02-10 0.000 0.000
2014-04-10 4.100 10.926
2013-04-12 4.000 4.351
2012-04-13 3.900 3.859
2011-04-06 2.750 3.495
2011-03-16 2.750 2.227
2011-02-17 2.750 2.335
2010-04-08 2.600 2.942

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

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

KY7 Management

 What is the CEO of Akastor'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
Karl Kjelstad
COMPENSATION NOK6,961,312
AGE 53
TENURE AS CEO 2.3 years
CEO Bio

Mr. Karl Erik Kjelstad serves as Chief Executive Officer of Akastor ASA. Mr. Kjelstad served as the Head of Oilfield Services & Marine Assets at Akastor ASA (also known as Aker Solutions ASA) and Aker Solutions from July 2009 to September 2014. He was Executive Vice President at Aker Solutions since 2009. Mr. Kjelstad served as Executive Vice President of Oilfield Services at Aker Kvaerner Subsea AS. He served as an Executive Vice President of Aker ASA since June 11, 2007 and also served as its Head of Marine Technologies. He has been with the Aker Group since 1998. He joined Akastor ASA in July 2009. He served as President and Chairman of AKOFS Offshore AS (alternative name Aker Oilfield Services AS). He served as Senior Partner of Aker ASA. He served as a Senior Partner and President of Maritime Technologies of Aker ASA. He served as the President and Chief Executive Officer of STX Europe ASA from January 2003 to June 2007. Mr. Kjelstad served as the Chief Executive Officer and President of Aker ASA and Aker RGI. He joined Aker Yards ASA in 1998 also served as an Executive Vice President and member of the Group management team of Aker Yards since 1999. He served as the Chief Executive Officer and President of Aker Kværner Yards AS (Aker Yards ASA) of Akastor ASA from January 2003 to June 2007. He served as the Senior Consultant of PA Consulting Group. From 1992 to 1996, he served various management positions in the TTS Group. Mr. Kjelstad serves as the Chairman of the Board at Frontica Group AS. Mr. Kjelstad serves as the Chairman of the Board of Aker Dof Deepwater AS and Byesvollen AS. He serves as the Chairman of Aker Finnyards, Inc. He serves as the Chairman at Aker Oilfield Services Ltd and Aker DOF Supply AS. Mr. Kjelstad served as Chairman of ODIM ASA. He served as Chairman of Philly Shipyard ASA (alternate name, Aker Philadelphia Shipyard ASA) from 2004 to April 5, 2011. He served as Chairman and Director of Vard Holdings Limited (alternative name STX OSV Holdings Limited) until 2007. He served as the Chairman of Kvaerner Warnow Werft (Germany), Aker MTW Wismar (Germany), Kvaerner Masa Yards (Finland), Aker Finyards (Finland), Aker Brattvaag (Norway) and Aker Promar (Brazil). He serves as a Director of AMC Connector AS. He served as a Director of AKOFS Offshore AS until November 2019. He serves as a Director of Mhwirth AS. He served as a Director of Philly Shipyard ASA from 2002 to April 5, 2011. He served as a Non-Executive Director at Ezra Holdings Limited from March 1, 2011 to January 1, 2015. He served as a Director of Aker Floating Production ASA from 2007 to 2008 and Aker Kvaerner ASA from 2006 to 2008. Mr. Kjelstad served as a Director of ODIM ASA from 2008 to 2009. He served as a Director of Transocean Norway Drilling AS (alternative name Aker Drilling ASA) until June 2009. He served as a Director of Stream AS (alternative name Bjørge ASA). He served as a Director of Akastor ASA from March 2006 to April 2008. He served as a Director of American Shipping Company ASA. He serves as a Member of Council of Stiftelsen Det Norske Veritas. Mr. Kjelstad holds an MSc in marine engineering from the Norwegian University of Science and Technology (NTNU) and an AMP from Harvard Business School.

CEO Compensation
  • Karl's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Karl's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

2.3
Average Tenure
40.5
Average Age
  • The tenure for the Akastor management team is about average.
Management Team

Kristian Røkke

TITLE
Chairman of the Board & Chief Investment Officer
COMPENSATION
NOK600K
AGE
36
TENURE
2.3 yrs

Karl Kjelstad

TITLE
Chief Executive Officer
COMPENSATION
NOK7M
AGE
53
TENURE
2.3 yrs

Paal Johnsen

TITLE
Executive VP & Investment Director
COMPENSATION
NOK5M
AGE
45
TENURE
4.7 yrs

Øyvind Paaske

TITLE
Chief Financial Officer
AGE
34
TENURE
0.1 yrs

Tore Langballe

TITLE
Head of Communications and Investor Relations

Mari Brekke

TITLE
Head of Compliance
Board of Directors Tenure

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

2.8
Average Tenure
50.5
Average Age
  • The average tenure for the Akastor board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kristian Røkke

TITLE
Chairman of the Board & Chief Investment Officer
COMPENSATION
NOK600K
AGE
36
TENURE
2 yrs

Lone Schrøder

TITLE
Deputy Chairman
COMPENSATION
NOK733K
AGE
59

Øyvind Eriksen

TITLE
Director
COMPENSATION
NOK340K
AGE
55
TENURE
9.3 yrs

Sarah Ryan

TITLE
Director
COMPENSATION
NOK421K
AGE
53
TENURE
8.3 yrs

Kathryn Baker

TITLE
Director
COMPENSATION
NOK455K
AGE
55

Stian Sjølund

TITLE
Director
COMPENSATION
NOK170K
TENURE
3.3 yrs

Henning Jensen

TITLE
Director
COMPENSATION
NOK285K
AGE
41
TENURE
2.8 yrs

Asle Halvorsen

TITLE
Director
COMPENSATION
NOK170K
TENURE
2.8 yrs

Per-Kjetil Skare

TITLE
Deputy Director
AGE
33

Svein Stoknes

TITLE
Deputy Director
AGE
48
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Akastor individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Karl Kjelstad Individual 20. Mar 20 20. Mar 20 100,000 €0.33 €32,748
22. Nov 19 Buy Leif Borge Individual 22. Nov 19 22. Nov 19 40,000 €0.83 €33,011
X
Management checks
We assess Akastor'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. Akastor 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.

KY7 News

Simply Wall St News

KY7 Company Info

Description

Akastor ASA operates as an oil-services investment company worldwide. The company offers drilling equipment, drilling riser solutions, and related products and services for the drilling market; and vessel-based subsea well construction and intervention services to the oil and gas industry. It is also involved in waste management drilling activities; the provision of subsurface advice and products to E&P companies; and supplying vapor recovery units and systems. Akastor ASA was founded in 1841 and is based in Bærum, Norway.

Details
Name: Akastor ASA
KY7
Exchange: DB
Founded: 1841
NOK93,666,222
271,609,785
Website: http://akastor.com
Address: Akastor ASA
Building B,
Oksenøyveien 10,
Bærum,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB AKA Ordinary Shares Oslo Bors NO NOK 02. Apr 2004
OTCPK AKKV.F Ordinary Shares Pink Sheets LLC US USD 02. Apr 2004
DB KY7 Ordinary Shares Deutsche Boerse AG DE EUR 02. Apr 2004
LSE 0IPT Ordinary Shares London Stock Exchange GB NOK 02. Apr 2004
OB AKVER NOK2 Oslo Bors NO NOK 02. Apr 2004
OTCPK AKRY.Y Unsponsored ADR REPSTG 2 ORD Pink Sheets LLC US USD 05. Feb 2015
Number of employees
Current staff
Staff numbers
1,920
Akastor employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:28
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/25
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.