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Akastor

OB:AKA
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKA
OB
NOK3B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Akastor ASA operates as an oil-services investment company worldwide. The last earnings update was 64 days ago. More info.


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AKA Share Price and Events
7 Day Returns
0%
OB:AKA
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-31.1%
OB:AKA
-32.6%
NO Energy Services
-8.3%
NO Market
AKA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Akastor (AKA) 0% 4.9% -3.7% -31.1% 30.2% -87.2%
NO Energy Services -0.3% 14.9% -3.1% -32.6% 12.6% -56.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • AKA outperformed the Energy Services industry which returned -32.6% over the past year.
  • AKA underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
AKA
Industry
5yr Volatility vs Market

AKA 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.

OB:AKA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
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:AKA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 23%) (75.68%))
1.478
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.478 * 5.96%)
10.57%

Discounted Cash Flow Calculation for OB:AKA 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.

OB:AKA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 10.57%)
2020 546.50 Analyst x2 494.25
2021 367.00 Analyst x2 300.18
2022 276.00 Est @ -24.8% 204.17
2023 229.55 Est @ -16.83% 153.57
2024 203.72 Est @ -11.25% 123.26
2025 188.75 Est @ -7.35% 103.28
2026 180.04 Est @ -4.62% 89.10
2027 175.17 Est @ -2.7% 78.40
2028 172.78 Est @ -1.36% 69.94
2029 172.04 Est @ -0.43% 62.98
Present value of next 10 years cash flows NOK1,679.00
OB:AKA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK172.04 × (1 + 1.76%) ÷ (10.57% – 1.76%)
NOK1,986.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK1,986.93 ÷ (1 + 10.57%)10
NOK727.39
OB:AKA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,679.00 + NOK727.39
NOK2,406.39
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK2,406.39 / 271.61
NOK8.86
OB:AKA Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK8.86
Current discount Discount to share price of NOK11.54
= -1 x (NOK11.54 - NOK8.86) / NOK8.86
-30.3%

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

  • The current share price of Akastor is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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
OB:AKA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-0.93
OB:AKA Share Price ** OB (2019-09-19) in NOK NOK11.54
Norway Energy Services Industry PE Ratio Median Figure of 14 Publicly-Listed Energy Services Companies 18.05x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

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

** Primary Listing of Akastor.

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

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

= 11.54 ÷ -0.93

-12.43x

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

  • Akastor is loss making, we can't compare its value to the NO Energy Services industry average.
  • Akastor is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Akastor's expected growth come at a high price?
Raw Data
OB:AKA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
84%per year
Norway Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.68x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*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 Akastor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Akastor's assets?
Raw Data
OB:AKA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK15.82
OB:AKA Share Price * OB (2019-09-19) in NOK NOK11.54
Norway Energy Services Industry PB Ratio Median Figure of 35 Publicly-Listed Energy Services Companies 0.64x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:AKA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.54 ÷ 15.82

0.73x

* Primary Listing of Akastor.

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

  • Akastor is overvalued based on assets compared to the NO 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 0/6, 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.

AKA Future Performance

 How is Akastor expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
84%
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 1.8%.
Growth vs Market Checks
  • Akastor's earnings growth is expected to exceed the Norway market average.
  • Akastor's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:AKA Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:AKA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 84%
OB:AKA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.2%
Norway Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Norway Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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:AKA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:AKA Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,678 656 304 2
2020-12-31 5,497 643 250 2
2019-12-31 4,893 287 87 1
2019-09-19
OB:AKA Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
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
2016-12-31 4,805 -129 -1,952
2016-09-30 3,823 490 -1,250

*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 9.2% 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
OB:AKA 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 2 Analyst Estimates (S&P Global) See Below

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

OB:AKA Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.12 1.60 0.64 2.00
2020-12-31 0.92 1.26 0.58 2.00
2019-12-31 0.32 0.32 0.32 1.00
2019-09-19
OB:AKA Past Financials Data
Date (Data in NOK Millions) EPS *
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
2016-12-31 -7.20
2016-09-30 -4.61

*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 Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway 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 4/6, 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.

AKA 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 does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Akastor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Akastor's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:AKA 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 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
2013-03-31 42,107.00 1,778.00
2012-12-31 41,632.00 2,049.00
2012-09-30 43,681.00 2,420.00 12,562.00

*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.
  • It is difficult to establish if Akastor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Akastor has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Akastor 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 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 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.

AKA 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 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

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

OB:AKA Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
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
2013-03-31 12,509.00 12,314.00 2,167.00
2012-12-31 11,980.00 7,691.00 1,214.00
2012-09-30 11,533.00 8,689.00 1,313.00
  • Akastor's level of debt (39.6%) 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 (41% vs 39.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Akastor has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Akastor has at least 1 year of cash runway based on growing free cash flows without relevant data.
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 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

AKA 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 NOK2,000 of Akastor shares you are expected to receive NOK0 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
OB:AKA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Norway Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
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 6.4%

Industry and Market average data is calculated daily.

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

OB:AKA Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-09-19
OB:AKA 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
2009-04-02 1.600 2.630

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 Norway.
X
Income/ dividend checks
We assess Akastor'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 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.

AKA 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 NOK7,214,703
AGE 53
TENURE AS CEO 1.7 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 and AKOFS Offshore AS. 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 lower than average for companies of similar size in Norway.
Management Team Tenure

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

2.9
Average Tenure
49
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
NOK6M
AGE
36
TENURE
1.7 yrs

Karl Kjelstad

TITLE
Chief Executive Officer
COMPENSATION
NOK7M
AGE
53
TENURE
1.7 yrs

Leif Borge

TITLE
Chief Financial Officer
COMPENSATION
NOK7M
AGE
56
TENURE
11.7 yrs

Paal Johnsen

TITLE
Executive VP & Investment Director
COMPENSATION
NOK6M
AGE
45
TENURE
4.1 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:

4.5
Average Tenure
53
Average Age
  • The tenure for the Akastor board of directors is about average.
Board of Directors

Lone Schrøder

TITLE
Deputy Chairman
COMPENSATION
NOK645K
AGE
59

Kristian Røkke

TITLE
Chairman of the Board & Chief Investment Officer
COMPENSATION
NOK6M
AGE
36
TENURE
1.4 yrs

Øyvind Eriksen

TITLE
Director
COMPENSATION
NOK340K
AGE
55
TENURE
8.7 yrs

Sarah Ryan

TITLE
Director
COMPENSATION
NOK433K
AGE
53
TENURE
7.7 yrs

Kathryn Baker

TITLE
Director
COMPENSATION
NOK455K
AGE
55

Per-Kjetil Skare

TITLE
Deputy Director
AGE
33

Svein Stoknes

TITLE
Deputy Director
AGE
48
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
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.

AKA News

Simply Wall St News

Akastor (OB:AKA) Has A Somewhat Strained Balance Sheet

When we think about a company's use of debt, we first look at cash and debt together. … The balance sheet is clearly the area to focus on when you are analysing debt. … Overall, we think it's fair to say that Akastor has enough debt that there are some real risks around the balance sheet.

Simply Wall St -

Does The Akastor ASA (OB:AKA) Share Price Fall With The Market?

If you're interested in Akastor ASA (OB:AKA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course).

Simply Wall St -

A Look At The Intrinsic Value Of Akastor ASA (OB:AKA)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (NOK, Millions) NOK404.0m NOK344.0m NOK307.2m NOK285.8m NOK273.3m NOK266.4m NOK263.2m NOK262.3m NOK263.0m NOK265.0m Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ -10.71% Est @ -6.97% Est @ -4.35% Est @ -2.52% Est @ -1.23% Est @ -0.34% Est @ 0.29% Est @ 0.73% Present Value (NOK, Millions) Discounted @ 9.52% NOK368.9 NOK286.8 NOK233.9 NOK198.7 NOK173.5 NOK154.4 NOK139.3 NOK126.8 NOK116.1 NOK106.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= NOK1.9b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.5%. … OB:AKA Intrinsic value, July 10th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

The Akastor (OB:AKA) Share Price Is Down 90% So Some Shareholders Are Rather Upset

See our latest analysis for Akastor Because Akastor is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

Can We See Significant Institutional Ownership On The Akastor ASA (OB:AKA) Share Register?

We also tend to see lower insider ownership in companies that were previously publicly owned. … But other times, private equity is selling out, having taking the company public. … Private Company Ownership We can see that Private Companies own 41%, of the shares on issue.

Simply Wall St -

Should You Consider Akastor ASA (OB:AKA)?

Akastor ASA (OB:AKA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with

Simply Wall St -

What Does Akastor ASA's (OB:AKA) Balance Sheet Tell Us About It?

Akastor ASA (OB:AKA) is a small-cap stock with a market capitalization of øre3.5b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What Type Of Shareholder Owns Akastor ASA's (OB:AKA)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … With a market capitalization of øre3.7b, Akastor is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Are Akastor ASA's (OB:AKA) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Akastor ASA (OB:AKA), with a market cap of øre4.74b. … However, an important fact which most ignore is: how financially healthy is the business? … in particular ones that run negative earnings,

Simply Wall St -

Akastor ASA (OB:AKA): What Does It Mean For Your Portfolio?

The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk.

Simply Wall St -

AKA 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
AKA
Exchange: OB
Founded: 1841
NOK3,134,376,918
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
OTCPK AKKV.Y ADR Pink Sheets LLC US USD 21. Oct 2008
OB AKVER NOK2 Oslo Bors NO NOK 02. Apr 2004
Number of employees
Current staff
Staff numbers
2,179
Akastor employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:33
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/07/25
Last earnings filing: 2019/07/17
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.