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Odfjell Drilling

DB:OD3
Snowflake Description

Very undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OD3
DB
NOK2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Odfjell Drilling has significant price volatility in the past 3 months.
OD3 Share Price and Events
7 Day Returns
2.6%
DB:OD3
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-75.8%
DB:OD3
-57.2%
Europe Energy Services
-20.9%
DE Market
OD3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Odfjell Drilling (OD3) 2.6% -63.7% -77% -75.8% -67.2% -4.9%
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
  • OD3 underperformed the Energy Services industry which returned -57.2% over the past year.
  • OD3 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
OD3
Industry
5yr Volatility vs Market

Value

 Is Odfjell Drilling 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 Odfjell Drilling 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 Odfjell Drilling.

DB:OD3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
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:OD3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
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- 19%) (850.54%))
5.148
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 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:OD3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Odfjell Drilling 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:OD3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.75%)
2020 169.67 Analyst x3 151.83
2021 229.60 Analyst x5 183.86
2022 245.50 Analyst x2 175.92
2023 255.80 Est @ 4.2% 164.03
2024 263.02 Est @ 2.82% 150.92
2025 267.90 Est @ 1.86% 137.56
2026 271.07 Est @ 1.18% 124.55
2027 273.00 Est @ 0.71% 112.25
2028 274.04 Est @ 0.38% 100.83
2029 274.45 Est @ 0.15% 90.36
Present value of next 10 years cash flows $1,392.00
DB:OD3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $274.45 × (1 + -0.39%) ÷ (11.75% – -0.39%)
$2,251.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,251.86 ÷ (1 + 11.75%)10
$741.42
DB:OD3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,392.00 + $741.42
$2,133.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,133.42 / 236.78
$9.01
DB:OD3 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:ODL)
10.534
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $9.01 x 10.534
NOK94.91
Non-primary Listing Adjustment Factor 1 share in DB:OD3 represents 0.09282x of OB:ODL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09282x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 94.91 x 0.09282
€8.81
Value per share (EUR) From above. €8.81
Current discount Discount to share price of €0.70
= -1 x (€0.70 - €8.81) / €8.81
92.1%

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

Current Discount
Amount off the current price Odfjell Drilling is available for.
Intrinsic value
>50%
Share price is €0.7 vs Future cash flow value of €8.81
Current Discount Checks
For Odfjell Drilling to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Odfjell Drilling's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Odfjell Drilling'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 Odfjell Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Odfjell Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OD3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.14
OB:ODL Share Price ** OB (2020-04-06) in NOK NOK7.52
OB:ODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $0.71
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 Odfjell Drilling.

DB:OD3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.71 ÷ 0.14

5.12x

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

  • Odfjell Drilling is good value based on earnings compared to the Europe Energy Services industry average.
  • Odfjell Drilling is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Odfjell Drilling's expected growth come at a high price?
Raw Data
DB:OD3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
32.3%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:OD3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.12x ÷ 32.3%

0.16x

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

  • Odfjell Drilling is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Odfjell Drilling's assets?
Raw Data
DB:OD3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.49
OB:ODL Share Price * OB (2020-04-06) in NOK NOK7.52
OB:ODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $0.71
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:OD3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.71 ÷ 4.49

0.16x

* Primary Listing of Odfjell Drilling.

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

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

Future Performance

 How is Odfjell Drilling expected to perform in the next 1 to 3 years based on estimates from 7 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
32.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Odfjell Drilling expected to grow at an attractive rate?
  • Odfjell Drilling's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Odfjell Drilling's earnings growth is expected to exceed the Germany market average.
  • Odfjell Drilling'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:OD3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OD3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 32.3%
DB:OD3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -0.1%
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:OD3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OD3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 830 294 98 4
2021-12-31 839 275 98 7
2020-12-31 891 268 76 6
2020-04-06
DB:OD3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 823 198 33
2019-09-30 770 219 41
2019-06-30 737 225 29
2019-03-31 725 213 38
2018-12-31 698 221 23
2018-09-30 702 177 20
2018-06-30 699 183 32
2018-03-31 689 181 36
2017-12-31 662 166 35
2017-09-30 640 174 -53
2017-06-30 629 181 -50
2017-03-31 647 165 -52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Odfjell Drilling's earnings are expected to grow significantly at over 20% yearly.
  • Odfjell Drilling'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:OD3 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 7 Analyst Estimates (S&P Global) See Below

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

DB:OD3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.41 0.56 0.27 3.00
2021-12-31 0.40 0.51 0.28 6.00
2020-12-31 0.33 0.40 0.18 7.00
2020-04-06
DB:OD3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.14
2019-09-30 0.17
2019-06-30 0.12
2019-03-31 0.16
2018-12-31 0.10
2018-09-30 0.09
2018-06-30 0.15
2018-03-31 0.18
2017-12-31 0.18
2017-09-30 -0.25
2017-06-30 -0.26
2017-03-31 -0.26

*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.
  • Odfjell Drilling is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Odfjell Drilling'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.
Odfjell Drilling 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 Odfjell Drilling 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 Odfjell Drilling'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.
  • Odfjell Drilling has delivered over 20% year on year earnings growth in the past 5 years.
  • Odfjell Drilling's 1-year earnings growth is less than its 5-year average (43.9% vs 51.3%)
  • Odfjell Drilling's earnings growth has exceeded the Europe Energy Services industry average in the past year (43.9% vs 0.7%).
Earnings and Revenue History
Odfjell Drilling'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 Odfjell Drilling Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OD3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 823.20 33.00 328.35
2019-09-30 770.12 41.32 311.89
2019-06-30 736.62 29.29 308.04
2019-03-31 725.05 37.78 305.94
2018-12-31 698.48 22.93 315.52
2018-09-30 701.53 20.20 318.92
2018-06-30 698.79 31.51 307.86
2018-03-31 688.61 36.04 294.07
2017-12-31 662.16 35.35 271.77
2017-09-30 640.34 -53.37 233.03
2017-06-30 629.06 -50.01 211.04
2017-03-31 647.32 -52.22 221.24
2016-12-31 657.39 -63.69 232.56
2016-09-30 687.57 49.86 261.27
2016-06-30 741.97 -123.42 296.68
2016-03-31 845.24 -356.13 347.38
2015-12-31 926.83 -319.43 381.74
2015-09-30 1,015.49 -385.10 421.71
2015-06-30 1,068.70 -215.55 467.37
2015-03-31 1,054.46 37.25 472.59
2014-12-31 1,087.96 42.46 501.19
2014-09-30 1,109.11 94.20 530.99
2014-06-30 1,133.86 108.10 540.01
2014-03-31 1,150.90 70.07 543.64
2013-12-31 1,173.61 67.29 547.04
2013-09-30 1,173.21 74.13 538.13
2013-06-30 1,153.82 76.01 516.29

*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.
  • Odfjell Drilling has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Odfjell Drilling used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Odfjell Drilling has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Odfjell Drilling'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.
Odfjell Drilling has a total score of 3/6, 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 Odfjell Drilling'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 Odfjell Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Odfjell Drilling's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Odfjell Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Odfjell Drilling'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 0.3x 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 Odfjell Drilling Company Filings, last reported 3 months ago.

DB:OD3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,062.38 1,391.02 169.69
2019-09-30 1,039.95 1,410.47 131.34
2019-06-30 1,034.64 1,434.92 178.87
2019-03-31 1,034.79 1,442.20 190.83
2018-12-31 1,023.67 1,094.80 174.76
2018-09-30 1,015.21 1,155.06 183.62
2018-06-30 1,004.95 1,167.27 181.15
2018-03-31 769.04 1,224.12 194.06
2017-12-31 767.06 1,233.58 166.07
2017-09-30 756.58 1,294.68 183.35
2017-06-30 730.76 1,319.28 153.91
2017-03-31 716.10 1,388.65 173.81
2016-12-31 722.09 1,412.34 181.62
2016-09-30 804.16 1,465.87 189.35
2016-06-30 783.10 1,482.04 165.71
2016-03-31 932.54 1,564.45 216.74
2015-12-31 791.52 1,597.78 201.63
2015-09-30 905.55 1,678.80 273.04
2015-06-30 900.12 1,710.25 212.44
2015-03-31 1,125.34 1,790.34 249.11
2014-12-31 1,115.87 1,712.69 191.20
2014-09-30 1,182.65 1,211.61 148.59
2014-06-30 1,171.82 1,248.53 195.13
2014-03-31 1,145.41 1,254.17 221.26
2013-12-31 1,130.35 1,288.73 200.90
2013-09-30 1,118.06 1,342.58 250.05
2013-06-30 1,083.55 1,358.59 245.19
  • Odfjell Drilling's level of debt (130.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (153.5% vs 130.9% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Odfjell Drilling'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. Odfjell Drilling has a total score of 1/6, 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 Odfjell Drilling'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 Odfjell Drilling dividends. Estimated to be 2.43% next year.
If you bought €2,000 of Odfjell Drilling 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 Odfjell Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Odfjell Drilling'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:OD3 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 7 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:OD3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.03 3.00
2021-12-31 0.03 6.00
2020-12-31 0.00 6.00
2020-04-06
DB:OD3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-11-25 0.000 0.000
2015-08-26 0.000 0.000
2015-07-15 0.000 0.000
2015-05-22 0.000 0.000
2015-04-30 0.000 0.000
2015-02-25 0.000 0.000
2014-04-01 0.050 1.731
2014-02-28 0.050 0.846
2013-12-02 0.000 0.000
2013-11-27 0.000 0.000

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

  • Unable to perform a dividend volatility check as Odfjell Drilling has not reported any payouts.
  • Unable to verify if Odfjell Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Odfjell Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Odfjell Drilling has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (15.2x coverage).
X
Income/ dividend checks
We assess Odfjell Drilling'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 Odfjell Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Odfjell Drilling has a total score of 1/6, 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 Odfjell Drilling'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
Simen Lieungh
COMPENSATION $1,005,000
AGE 59
TENURE AS CEO 10.3 years
CEO Bio

Mr. Simen Lieungh is Director at Multiconsult ASA since April 25, 2019. He has been the Chief Executive Officer and President of Odfjell Drilling AS since October 1, 2010 and Odfjell Drilling Ltd. since 2010. Mr. Lieungh served in various management positions in the oil and gas industry. Mr. Lieungh served as the Chief Executive Officer and President of Aker Kvaerner Subsea AS since March 2008. He has led large-scale offshore projects and has extensive contacts in the industry and also managed and developed enterprises in Norway and abroad. He served as an Executive Vice President of Aker Maritime ASA. He served as Chief Executive Officer and President at Akastor ASA from March 2008 to June 2010 and its Executive Vice President - Field Development Europe from 2002 to September 2007. Mr. Lieungh served as the Chief Executive Officer and President of Aker Solutions ASA at Aker ASA from March 2008 to June 16, 2010. He joined Aker Solutions in 1988 and has over 20 years of experience with large field development projects, covering all phases from conceptual studies to completion and delivery of complete installations. Mr. Lieungh served as Managing Director of Arne Blystad AS from October 2007 to February 2008. He served as an Executive Vice President of Field Development Europe for Aker Solutions ASA from 2002 to September 1, 2007. He served as Research Scientist with the Norwegian Defense Research Establishment. He served as a Director of Golden Close Maritime Corporation Ltd. He served as a Director of AKOFS Offshore AS, Aker Clean Carbon AS and Aker Oilfield Services AS. He holds a M.Sc. in Mechanical Engineering from the University of Trondheim.

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

Average tenure and age of the Odfjell Drilling management team in years:

3.8
Average Tenure
58.5
Average Age
  • The tenure for the Odfjell Drilling management team is about average.
Management Team

Simen Lieungh

TITLE
CEO & President
COMPENSATION
$1M
AGE
59
TENURE
10.3 yrs

Atle Sæbø

TITLE
CFO & Executive VP
COMPENSATION
$540K
AGE
63

Eirik Knudsen

TITLE
VP of Corporate Finance & Investor Relations

Per Lund

TITLE
Chief Technology Officer - Digital Transformation

Bengt Olsen

TITLE
Senior Vice President of Communication & Information
AGE
63

Jone Torstensen

TITLE
Chief of Staff & Executive VP
AGE
58

Kurt Fjell

TITLE
Executive Vice President of Odfjell Drilling Technology

Janike Myre

TITLE
Senior Vice President of QHSE
AGE
57

Kjetil Gjersdal

TITLE
Executive Vice President of Mobile Drilling Units
AGE
49
TENURE
3.8 yrs

Michael Nielsen

TITLE
Executive VP & Chief Commercial Officer
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure of the Odfjell Drilling board of directors in years:

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

Helene Odfjell

TITLE
Chairman of the Board
AGE
54

Susanne Munch Thore

TITLE
Independent Director
AGE
59
TENURE
1.8 yrs

Alasdair Shiach

TITLE
Independent Director
TENURE
1.3 yrs

Thomas Marsoner

TITLE
Independent Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Odfjell Drilling 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 (€)
11. Mar 20 Buy Thomas Marsoner Individual 11. Mar 20 11. Mar 20 20,000 €1.01 €20,165
28. Nov 19 Buy Odfjell Partners Ltd Company 28. Nov 19 28. Nov 19 476,191 €2.67 €1,273,696
28. Nov 19 Sell Simen Lieungh Individual 28. Nov 19 28. Nov 19 -476,191 €2.67 €-1,273,696
X
Management checks
We assess Odfjell Drilling'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. Odfjell Drilling 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

Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. The company operates through three segments: Mobile Offshore Drilling Units, Drilling & Technology, and Well Services. It operates drilling units and offers management services to owners of semisubmersibles, drillships, and jack-up; and project management and follow-up during construction, management of regulatory requirements, marketing and client relations, preparations for operation, and drilling operations. The company also provides integrated drilling services, such as onshore support, production drilling and completion, well maintenance, plugging and abandonment, facility maintenance planning, and project management for maintenance and modifications; and onceptual engineering and engineering design, compliance assurance and maintenance management, marine and operational support, and rig inspection services, as well as construction and commissioning support, modifications, and upgrades. In addition, it provides well services to the oil industry, including casing and tubular running, drill tool and tubular rental, well intervention, and wellbore cleaning services. The company was founded in 1914 and is headquartered in Aberdeen, the United Kingdom. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd.

Details
Name: Odfjell Drilling Ltd.
OD3
Exchange: DB
Founded: 1914
NOK156,674,085
236,783,202
Website: http://www.odfjelldrilling.com
Address: Odfjell Drilling Ltd.
Bergen House,
Crawpeel Road,
Aberdeen,
Aberdeenshire, AB12 3LG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ODL Share Capital Oslo Bors NO NOK 27. Sep 2013
DB OD3 Share Capital Deutsche Boerse AG DE EUR 27. Sep 2013
LSE 0QHX Share Capital London Stock Exchange GB NOK 27. Sep 2013
BATS-CHIXE ODLO Share Capital BATS 'Chi-X Europe' GB NOK 27. Sep 2013
Number of employees
Current staff
Staff numbers
2,579
Odfjell Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:44
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/27
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.