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Saga Tankers

OB:SAGA
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAGA
OB
NOK265M
Market Cap
  1. Home
  2. NO
  3. Diversified Financials
Company description

Saga Tankers ASA engages in the investment and management activities related to shipping, rig, real estate, stock trading, and other related businesses. The last earnings update was 23 days ago. More info.


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SAGA Share Price and Events
7 Day Returns
0%
OB:SAGA
1.3%
Europe Diversified Financial
2.6%
NO Market
1 Year Returns
-33.7%
OB:SAGA
-1.2%
Europe Diversified Financial
-9.1%
NO Market
SAGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saga Tankers (SAGA) 0% 10.6% -7% -33.7% -60.2% -47.6%
Europe Diversified Financial 1.3% 8.9% 4.9% -1.2% 13.3% 41.7%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • SAGA underperformed the Diversified Financial industry which returned -1.2% over the past year.
  • SAGA underperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
SAGA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Saga Tankers 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 Saga Tankers 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 Saga Tankers.

OB:SAGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK1.59 * 9.2%
NOK0.15
Book Value of Equity per Share Median Book Value from the past 5 years. NOK1.59
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

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 OB:SAGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 23%) (23.03%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.858 * 5.96%)
6.87%

Discounted Cash Flow Calculation for OB:SAGA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Saga Tankers is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:SAGA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.2% – 6.87%) * NOK1.59)
NOK0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK0.04 / (6.87% - 1.76%)
NOK0.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK1.59 + NOK0.71
NOK2.29
OB:SAGA Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK2.29
Current discount Discount to share price of NOK1.00
= -1 x (NOK1.00 - NOK2.29) / NOK2.29
56.6%

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

Current Discount
Amount off the current price Saga Tankers is available for.
Intrinsic value
>50%
Share price is NOK1 vs Future cash flow value of NOK2.29
Current Discount Checks
For Saga Tankers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saga Tankers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saga Tankers'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 Saga Tankers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saga Tankers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SAGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-0.32
OB:SAGA Share Price ** OB (2019-09-13) in NOK NOK1
Europe Diversified Financial Industry PE Ratio Median Figure of 32 Publicly-Listed Diversified Financial Companies 14.53x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

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

** Primary Listing of Saga Tankers.

OB:SAGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1 ÷ -0.32

-3.14x

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

  • Saga Tankers is loss making, we can't compare its value to the Europe Diversified Financial industry average.
  • Saga Tankers is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Saga Tankers's expected growth come at a high price?
Raw Data
OB:SAGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
41.4%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.8x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*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 Saga Tankers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saga Tankers's assets?
Raw Data
OB:SAGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK1.19
OB:SAGA Share Price * OB (2019-09-13) in NOK NOK1
Europe Diversified Financial Industry PB Ratio Median Figure of 51 Publicly-Listed Diversified Financial Companies 1.01x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:SAGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1 ÷ 1.19

0.84x

* Primary Listing of Saga Tankers.

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

  • Saga Tankers is good value based on assets compared to the Europe Diversified Financial industry average.
X
Value checks
We assess Saga Tankers'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Saga Tankers 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 Saga Tankers expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Saga Tankers, future earnings growth has been estimated based on fundamentals.
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
41.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saga Tankers expected to grow at an attractive rate?
  • Saga Tankers's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Saga Tankers's earnings growth is expected to exceed the Norway market average.
  • Unable to compare Saga Tankers's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:SAGA Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SAGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 41.4%
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 25.7%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.3%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway 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
OB:SAGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SAGA Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 30 -1 -84
2019-03-31 59 -1 -51
2018-12-31 21 1 -68
2018-09-30 41 0 26
2018-06-30 41 2 43
2018-03-31 17 2 21
2017-12-31 74 1 54
2017-09-30 60 -2 39
2017-06-30 60 -4 34
2017-03-31 162 0 135
2016-12-31 136 -2 109
2016-09-30 137 -1 100

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saga Tankers's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Saga Tankers is high growth as no revenue estimate data is available.
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
OB:SAGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Saga Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SAGA Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 -0.32
2019-03-31 -0.19
2018-12-31 -0.26
2018-09-30 0.10
2018-06-30 0.16
2018-03-31 0.08
2017-12-31 0.20
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.49
2016-12-31 0.39
2016-09-30 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Saga Tankers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Saga Tankers'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.
Saga Tankers 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 Saga Tankers 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 Saga Tankers's growth in the last year to its industry (Diversified Financial).
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.
  • Saga Tankers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Saga Tankers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Saga Tankers's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Saga Tankers'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 Saga Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SAGA Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 29.95 -84.35 0.72
2019-03-31 58.75 -51.00 1.05
2018-12-31 21.19 -68.41
2018-09-30 41.31 26.18 -0.51
2018-06-30 41.07 43.26 -0.78
2018-03-31 17.17 21.39 -1.92
2017-12-31 73.98 54.35
2017-09-30 60.47 38.82 -1.60
2017-06-30 60.24 34.05 0.70
2017-03-31 161.71 134.61 1.51
2016-12-31 135.64 108.74
2016-09-30 137.49 100.30 -3.88
2016-06-30 146.51 96.24 -4.06
2016-03-31 30.67 24.93 -2.09
2015-12-31 20.02 19.86
2015-09-30 18.08 32.66 12.86
2015-06-30 8.97 40.33 11.61
2015-03-31 14.23 7.47 5.90
2014-12-31 8.08 0.41
2014-09-30 3.61 1.11 3.20
2014-06-30 -0.46 0.82 -0.23
2014-03-31 2.71 3.20 -0.03
2013-12-31 3.33 4.33
2013-09-30 -39.94 -31.87 0.31
2013-06-30 -33.87 -26.52 -0.71
2013-03-31 -18.65 -19.44 0.73
2012-12-31 -10.82 5.33
2012-09-30 81.01 22.22 7.02

*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 Saga Tankers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Saga Tankers has efficiently used its assets last year compared to the Europe Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Saga Tankers 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 Saga Tankers'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 Diversified Financial 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.
Saga Tankers 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 Saga Tankers'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 Saga Tankers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saga Tankers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Saga Tankers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saga Tankers'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 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Saga Tankers Company Filings, last reported 2 months ago.

OB:SAGA Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 338.12 61.00 133.66
2019-03-31 344.06 62.00 134.63
2018-12-31 322.29 63.00 143.30
2018-09-30 441.92 64.00 100.36
2018-06-30 458.85 65.00 64.51
2018-03-31 439.76 66.00 57.83
2017-12-31 437.07 46.00 27.08
2017-09-30 428.14 47.00 62.86
2017-06-30 826.38 48.00 471.29
2017-03-31 864.20 49.00 474.25
2016-12-31 807.77 50.00 439.06
2016-09-30 836.36 51.00 551.21
2016-06-30 815.08 52.00 559.90
2016-03-31 824.26 53.00 464.96
2015-12-31 960.91 54.00 426.61
2015-09-30 879.93 55.00 521.96
2015-06-30 955.03 56.00 585.52
2015-03-31 401.45 57.00 290.24
2014-12-31 386.40 58.00 297.73
2014-09-30 384.08 59.00 186.41
2014-06-30 191.49 0.00 105.63
2014-03-31 186.45 0.00 100.71
2013-12-31 217.19 0.00 102.86
2013-09-30 197.02 0.00 115.49
2013-06-30 190.25 0.00 116.72
2013-03-31 183.33 0.00 98.70
2012-12-31 176.41 0.00 146.85
2012-09-30 179.37 0.00 180.64
  • Saga Tankers's level of debt (18%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 18% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Saga Tankers is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Saga Tankers'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. Saga Tankers has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Saga Tankers'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
15.08%
Current annual income from Saga Tankers dividends.
If you bought NOK2,000 of Saga Tankers shares you are expected to receive NOK302 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?
  • Saga Tankers's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Saga Tankers's dividend is above the markets top 25% of dividend payers in Norway (6.47%).
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
OB:SAGA 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 0 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

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

OB:SAGA Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.150 14.516
2019-02-15 0.150 14.267
2018-11-13 0.150 14.308

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

  • It is too early to tell whether Saga Tankers has stable dividend payments.
  • Saga Tankers only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Saga Tankers's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Saga Tankers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Saga Tankers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saga Tankers has a total score of 2/6, 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 Saga Tankers'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
Espen Lundaas
COMPENSATION NOK2,018,000
AGE 42
TENURE AS CEO 6.8 years
CEO Bio

Mr. Espen Lundaas has been the Chief Executive Officer of Saga Tankers Asa since November 23, 2012 and served as its Chief Financial Officer until December 1, 2018. Mr. Lundaas served as Acting Chief Financial Officer of S.D. Standard Drilling Plc since September 1, 2013 until June 2017. He served as the Acting Chief Financial Officer of S.D. Standard Drilling Plc until October 2011. He serves as the Chief Financial Officer and Partner of Tycoon Industrier AS. He has been with the firm since 1999 and served as previously its Director of Finance and Funding. He served as a Director of Saga Tankers Asa since September 7, 2012 until December 17, 2012. Mr. Lundaas received a Master of Business and Economics degree from the Norwegian School of Management, which he attended from 1997 to 2001.

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

Espen Lundaas

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
42
TENURE
6.8 yrs

Tore Berg

TITLE
Chief Financial Officer
COMPENSATION
NOK200K
AGE
46
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Saga Tankers board of directors in years:

4.5
Average Tenure
50
Average Age
  • The tenure for the Saga Tankers board of directors is about average.
Board of Directors

Martin Nes

TITLE
Chairman of the Board
COMPENSATION
NOK140K
AGE
50
TENURE
4.5 yrs

Øystein Spetalen

TITLE
Director
COMPENSATION
NOK100K
AGE
57
TENURE
7 yrs

Kristin Hellebust

TITLE
Director
COMPENSATION
NOK100K
AGE
46
TENURE
4.5 yrs

Yvonne Sandvold

TITLE
Director
COMPENSATION
NOK100K
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Saga Tankers individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
27. Aug 19 Buy Tore Berg Individual 27. Aug 19 27. Aug 19 500,000 NOK0.95 NOK474,999
27. Aug 19 Buy Espen Lundaas Individual 27. Aug 19 27. Aug 19 1,000,000 NOK0.95 NOK949,999
27. Aug 19 Buy Martin Nes Individual 27. Aug 19 27. Aug 19 500,000 NOK0.95 NOK474,999
30. Jan 19 Buy Martin Nes Individual 30. Jan 19 30. Jan 19 500,000 NOK1.00 NOK500,001
X
Management checks
We assess Saga Tankers'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. Saga Tankers 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

Saga Tankers (OB:SAGA) Shareholders Received A Total Return Of -22% In The Last Three Years

Unfortunately, that's been the case for longer term Saga Tankers ASA (OB:SAGA) shareholders, since the share price is down 62% in the last three years, falling well short of the market return of around 36%. … See our latest analysis for Saga Tankers To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … Over the three years that the share price declined, Saga Tankers's earnings per share (EPS) dropped significantly, falling to a loss.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Saga Tankers ASA's (OB:SAGA)

Espen Lundaas became the CEO of Saga Tankers ASA (OB:SAGA) in 2012. … See our latest analysis for Saga Tankers How Does Espen Lundaas's Compensation Compare With Similar Sized Companies? … OB:SAGA CEO Compensation, July 8th 2019 Is Saga Tankers ASA Growing?

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Did Saga Tankers ASA (OB:SAGA) Insiders Buy Up More Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Saga Tankers The Last 12 Months Of Insider Transactions At Saga Tankers In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Martin Nes bought øre500k worth of shares at a price of øre1.00 per share. … Insider Ownership of Saga Tankers For a common shareholder, it is worth checking how many shares are held by company insiders. … It would be great to see more insider buying, but overall it seems like Saga Tankers insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

Saga Tankers (OB:SAGA) Shareholders Received A Total Return Of -11% In The Last Three Years

Saga Tankers ASA (OB:SAGA) shareholders should be happy to see the share price up 16% in the last quarter. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Saga Tankers saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

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Is Saga Tankers ASA's (OB:SAGA) CEO Salary Justified?

How Does Espen Lundaas's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Saga Tankers ASA has a market cap of øre290m, and is paying total annual CEO compensation of øre2.0m. … It is worth noting that the CEO compensation consists almost entirely of the salary, worth øre2.0m

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Who Has Been Buying Saga Tankers ASA (OB:SAGA) Shares?

So before you buy or sell Saga Tankers ASA (OB:SAGA), you may well want to know whether insiders have been buying or selling. … Saga Tankers Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Chairman of the Board Martin Nes for øre500k worth of shares, at about øre1.00 per share.

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Here's What Saga Tankers ASA's (OB:SAGA) P/E Ratio Is Telling Us

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Saga Tankers has a P/E ratio of 10.05, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Saga Tankers ASA's (OB:SAGA) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Espen Lundaas's Compensation Compare With Similar Sized Companies. … According to our data, Saga Tankers ASA has a market capitalization of øre367m, and pays its CEO total annual compensation worth øre2m.

Simply Wall St -

Saga Tankers ASA (OB:SAGA): Time For A Financial Health Check

While small-cap stocks, such as Saga Tankers ASA (OB:SAGA) with its market cap of øre401.9m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Who Are The Major Shareholders In Saga Tankers ASA (OB:SAGA)?

I am going to take a deep dive into Saga Tankers ASA’s (OB:SAGA) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

Company Info

Description

Saga Tankers ASA engages in the investment and management activities related to shipping, rig, real estate, stock trading, and other related businesses. The company was incorporated in 2010 and is headquartered in Oslo, Norway.

Details
Name: Saga Tankers ASA
SAGA
Exchange: OB
Founded: 2010
NOK264,819,081
266,149,831
Website: http://www.sagatankers.no
Address: Saga Tankers ASA
Sjølyst Plass 2,
Oslo,
Oslo, 0278,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SAGA Share Capital Oslo Bors NO NOK 10. May 2010
DB SAT Share Capital Deutsche Boerse AG DE EUR 10. May 2010
Number of employees
Current staff
Staff numbers
6
Saga Tankers employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 21:42
End of day share price update: 2019/09/13 00:00
Last earnings filing: 2019/08/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.