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Archer

OB:ARCHER
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARCHER
OB
NOK582M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
ARCHER Share Price and Events
7 Day Returns
-6.9%
OB:ARCHER
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-45.1%
OB:ARCHER
-32.6%
NO Energy Services
-8.3%
NO Market
ARCHER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Archer (ARCHER) -6.9% -3.2% -16.8% -45.1% -10.4% -95.3%
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
  • ARCHER underperformed the Energy Services industry which returned -32.6% over the past year.
  • ARCHER underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
ARCHER
Industry
5yr Volatility vs Market

Value

 Is Archer 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 Archer 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 Archer.

OB:ARCHER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
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:ARCHER
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- 21%) (1015.36%))
6.876
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)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:ARCHER using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Archer 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:ARCHER DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.68%)
2020 39.46 Analyst x3 34.71
2021 40.31 Analyst x2 31.19
2022 41.08 Est @ 1.9% 27.96
2023 41.84 Est @ 1.86% 25.05
2024 42.60 Est @ 1.83% 22.44
2025 43.37 Est @ 1.81% 20.10
2026 44.15 Est @ 1.79% 18.00
2027 44.94 Est @ 1.78% 16.11
2028 45.74 Est @ 1.78% 14.42
2029 46.55 Est @ 1.77% 12.91
Present value of next 10 years cash flows $222.00
OB:ARCHER DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $46.55 × (1 + 1.76%) ÷ (13.68% – 1.76%)
$397.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $397.37 ÷ (1 + 13.68%)10
$110.24
OB:ARCHER Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $222.00 + $110.24
$332.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $332.24 / 147.46
$2.25
OB:ARCHER Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:ARCHER)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $2.25 x 8.977
NOK20.23
Value per share (NOK) From above. NOK20.23
Current discount Discount to share price of NOK3.95
= -1 x (NOK3.95 - NOK20.23) / NOK20.23
80.5%

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

Current Discount
Amount off the current price Archer is available for.
Intrinsic value
>50%
Share price is NOK3.95 vs Future cash flow value of NOK20.23
Current Discount Checks
For Archer to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Archer's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Archer'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 Archer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Archer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:ARCHER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.31
OB:ARCHER Share Price ** OB (2019-09-19) in NOK NOK3.95
OB:ARCHER Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.44
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 Archer.

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

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

= 0.44 ÷ -0.31

-1.44x

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

  • Archer is loss making, we can't compare its value to the NO Energy Services industry average.
  • Archer is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Archer's expected growth come at a high price?
Raw Data
OB:ARCHER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
75.3%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 Archer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Archer's assets?
Raw Data
OB:ARCHER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.04
OB:ARCHER Share Price * OB (2019-09-19) in NOK NOK3.95
OB:ARCHER Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.44
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:ARCHER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.44 ÷ 1.04

0.42x

* Primary Listing of Archer.

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

  • Archer is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Archer'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. Archer 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 Archer expected to perform in the next 1 to 3 years based on estimates from 4 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
75.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Archer expected to grow at an attractive rate?
  • Archer's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Archer's earnings growth is expected to exceed the Norway market average.
  • Archer's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:ARCHER Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:ARCHER Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 75.3%
OB:ARCHER Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4%
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:ARCHER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:ARCHER Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 996 72 19 2
2020-12-31 977 73 21 3
2019-12-31 962 76 7 4
2019-09-19
OB:ARCHER Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 829 57 -45
2019-03-31 820 44 -56
2018-12-31 811 37 -53
2018-09-30 803 33 -19
2018-06-30 810 19 -30
2018-03-31 801 16 90
2017-12-31 790 13 63
2017-09-30 796 -1 38
2017-06-30 794 -1 0
2017-03-31 800 22 -158
2016-12-31 818 34 -163
2016-09-30 865 16 -200

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Archer's earnings are expected to grow significantly at over 20% yearly.
  • Archer's revenue is expected to grow by 4% 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:ARCHER 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 4 Analyst Estimates (S&P Global) See Below

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

OB:ARCHER Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.12 0.13 0.12 2.00
2020-12-31 0.14 0.23 0.09 3.00
2019-12-31 0.04 0.05 0.04 2.00
2019-09-19
OB:ARCHER Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.31
2019-03-31 -0.38
2018-12-31 -0.36
2018-09-30 -0.13
2018-06-30 -0.21
2018-03-31 0.61
2017-12-31 0.48
2017-09-30 0.34
2017-06-30 0.00
2017-03-31 -2.45
2016-12-31 -2.80
2016-09-30 -3.45

*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.
  • Archer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Archer'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.
Archer 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 Archer 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 Archer'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.
  • Archer does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Archer's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Archer's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Archer'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 Archer Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ARCHER Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 828.60 -45.10 46.60
2019-03-31 819.90 -56.00 41.70
2018-12-31 811.20 -53.00 35.80
2018-09-30 802.50 -18.80 26.80
2018-06-30 809.50 -30.30 34.60
2018-03-31 800.80 90.00 38.10
2017-12-31 789.70 63.30 39.40
2017-09-30 796.30 37.50 36.60
2017-06-30 794.20 0.10 37.60
2017-03-31 800.20 -158.20 36.40
2016-12-31 817.60 -162.50 38.50
2016-09-30 865.40 -200.20 39.80
2016-06-30 971.80 -185.20 45.10
2016-03-31 1,066.60 -160.70 49.90
2015-12-31 1,233.20 -123.20 55.10
2015-09-30 891.90 -70.00 61.70
2015-06-30 1,145.60 -29.30 67.90
2015-03-31 1,375.20 -19.20 72.70
2014-12-31 1,478.10 -38.20 76.60
2014-09-30 2,060.20 -434.40 78.60
2014-06-30 2,001.10 -459.20 62.90
2014-03-31 1,959.90 -482.00 62.10
2013-12-31 1,944.30 -509.00 61.30
2013-09-30 1,917.00 -118.20 67.20
2013-06-30 1,904.20 -399.80 78.20
2013-03-31 1,905.60 -374.10 79.70
2012-12-31 1,945.80 -326.90 83.90
2012-09-30 2,025.30 -400.30 74.60

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Archer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Archer's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Archer'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 0.5x 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 Archer Company Filings, last reported 2 months ago.

OB:ARCHER Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 153.20 615.70 35.70
2019-03-31 148.20 605.00 23.70
2018-12-31 147.20 604.40 20.20
2018-09-30 201.90 621.40 20.80
2018-06-30 193.00 651.60 21.80
2018-03-31 206.40 664.30 44.40
2017-12-31 200.40 662.20 59.00
2017-09-30 222.10 669.30 50.90
2017-06-30 228.00 692.90 69.40
2017-03-31 105.40 789.90 84.80
2016-12-31 29.60 823.20 27.30
2016-09-30 83.00 832.40 17.50
2016-06-30 112.00 820.20 29.50
2016-03-31 157.40 832.10 23.10
2015-12-31 197.30 802.60 20.50
2015-09-30 437.60 839.20 44.60
2015-06-30 487.40 824.50 27.40
2015-03-31 527.90 828.30 28.40
2014-12-31 542.80 800.80 28.90
2014-09-30 634.50 800.90 41.00
2014-06-30 622.70 787.00 27.50
2014-03-31 628.40 788.30 42.80
2013-12-31 634.60 765.20 49.50
2013-09-30 1,080.90 776.10 30.20
2013-06-30 1,101.30 804.10 62.00
2013-03-31 1,129.10 1,023.30 40.80
2012-12-31 926.20 1,219.30 58.20
2012-09-30 954.30 1,267.60 77.60
  • Archer's level of debt (401.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (126.4% vs 401.9% today).
CASH RUNWAY ANALYSIS

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

  • Whilst loss making Archer has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Archer has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -38.4% per year.
X
Financial health checks
We assess Archer'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. Archer 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 Archer'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 Archer dividends. Estimated to be 0% next year.
If you bought NOK2,000 of Archer 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 Archer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Archer'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:ARCHER 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 4 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:ARCHER Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-09-19

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

  • Unable to perform a dividend volatility check as Archer has not reported any payouts.
  • Unable to verify if Archer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Archer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Archer has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Archer's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Archer'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 Archer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Archer has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Archer'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.
  • Archer has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Archer management team in years:

1.3
Average Tenure
  • The average tenure for the Archer management team is less than 2 years, this suggests a new team.
Management Team

Kjell-Erik Østdahl

TITLE
Executive Chairman
AGE
55
TENURE
0.5 yrs

Dag Skindlo

TITLE
CFO & Executive VP of Strategy
AGE
51
TENURE
3.4 yrs

Adam Todd

TITLE
General Counsel
TENURE
2 yrs

John Lechner

TITLE
Senior Advisor
TENURE
0.5 yrs

Joachim Houeland

TITLE
Corporate Treasurer

James Ayers

TITLE
Secretary
Board of Directors Tenure

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

1
Average Tenure
55
Average Age
  • The average tenure for the Archer board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kjell-Erik Østdahl

TITLE
Executive Chairman
AGE
55
TENURE
1 yrs

Giovanni Dell'Orto

TITLE
Independent Director
AGE
74
TENURE
8.6 yrs

John Reynolds

TITLE
Director
AGE
48
TENURE
8.6 yrs

James O'Shaughnessy

TITLE
Independent Director
AGE
55
TENURE
1 yrs

Kristian Melhuus

TITLE
Director
AGE
38
TENURE
0.3 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)
06. Jun 19 Buy Greenwich Holdings Ltd. Company 06. Jun 19 06. Jun 19 8,059,854 NOK4.15 NOK33,448,418
27. Nov 18 Buy Adam Todd Individual 27. Nov 18 27. Nov 18 17,000 NOK5.83 NOK99,110
23. Nov 18 Buy Dag Skindlo Individual 23. Nov 18 23. Nov 18 36,000 NOK5.78 NOK208,080
X
Management checks
We assess Archer'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. Archer 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

Archer (OB:ARCHER) Has A Somewhat Strained Balance Sheet

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … The latest balance sheet data shows that Archer had liabilities of US$207.3m due within a year, and liabilities of US$616.0m falling due after that. … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

Do Directors Own Archer Limited (OB:ARCHER) Shares?

Archer is a smaller company with a market capitalization of øre599m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Archer OB:ARCHER Ownership Summary, May 30th 2019 What Does The Institutional Ownership Tell Us About Archer? … General Public Ownership The general public, mostly retail investors, hold a substantial 55% stake in ARCHER, suggesting it is a fairly popular stock.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Archer Limited (OB:ARCHER)?

So shareholders might well want to know whether insiders have been buying or selling shares in Archer Limited (OB:ARCHER). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months Archer insiders were buying shares, but not selling

Simply Wall St -

Can We See Significant Institutional Ownership On The Archer Limited (OB:ARCHER) Share Register?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Archer is not a large company by global standards. … institutions own shares in the company.

Simply Wall St -

Do Institutions Own Shares In Archer Limited (OB:ARCHER)?

A look at the shareholders of Archer Limited (OB:ARCHER) can tell us which group is most powerful. … Archer is a smaller company with a market capitalization of øre1.0b, so it may still be flying under the radar of many institutional investors. … Let's take a closer look to see what the different types of shareholder can tell us about ARCHER

Simply Wall St -

Does Archer Limited's (OB:ARCHER) PE Ratio Warrant A Buy?

Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … I will explain what the P/E ratio is as well as what you should look out for when using it … Demystifying the P/E ratio

Simply Wall St -

With An ROE Of 43.61%, Has Archer Limited's (OB:ARCHER) Management Done Well?

Archer Limited (OB:ARCHER) outperformed the oil and gas drilling industry on the basis of its ROE – producing a higher 43.61% relative to the peer average of 6.34% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … View our latest analysis for Archer

Simply Wall St -

Is Archer Limited's (OB:ARCHER) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Archer Limited (OB:ARCHER) with its market cap of øre1.48b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Why Archer Limited (OB:ARCHER) Could Be A Buy

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe ARCHER is currently trading above its value, selling high and buying it back up again when its price falls towards its real value can be profitable. … Its price has risen beyond its true value, on top of a negative future outlook.

Simply Wall St -

What Should Investors Know About Archer Limited's (OB:ARCHER) Earnings Outlook?

Below is my commentary, albeit very simple and high-level, on how market analysts view Archer's earnings growth trajectory over the next few years and whether the future looks brighter. … OB:ARCHER Future Profit Apr 23rd 18 Even though it’s helpful to understand the growth rate year by year relative to today’s figure, it may be more beneficial estimating the rate at which the business is growing every year, on average. … The advantage of this technique is that we can get a better picture of the direction of Archer's earnings trajectory over the long run, irrespective of near term fluctuations, which may be more relevant for long term investors.

Simply Wall St -

Company Info

Description

Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. It operates in two segments, Eastern Hemisphere and Western Hemisphere. The company provides oiltools, such as plugs and abandonment, slot recovery and P&A, cementing, and well cleaning solutions; land drilling and platform drilling services; and modular drilling rigs. It also offers engineering services, such as project management, construction and installations, multidiscipline engineering, consulting, and inspection services. In addition, the company provides cased hole logging, conveyance and mechanical/slickline, and R&D and technology development services. Further, it offers fluids, guarantor, international personnel, management, and equipment rental services, as well as performs rig inspections. The company operates in Angola, Argentina, Australia, Bolivia, Brazil, Canada, Congo, Indonesia, Malaysia, Nigeria, Norway, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States. The company was formerly known as Seawell Limited and changed its name to Archer Limited in May 2011. Archer Limited was founded in 2007 and is based in Hamilton, Bermuda.

Details
Name: Archer Limited
ARCHER
Exchange: OB
Founded: 2007
NOK582,474,947
147,462,012
Website: http://www.archerwell.com
Address: Archer Limited
Par la Ville Place,
14 Par-la-Ville Road,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ARCHER Ordinary Shares Oslo Bors NO NOK 15. Oct 2007
OTCPK ARHV.F Ordinary Shares Pink Sheets LLC US USD 15. Oct 2007
DB 8SW1 Ordinary Shares Deutsche Boerse AG DE EUR 15. Oct 2007
LSE 0RBA Ordinary Shares London Stock Exchange GB NOK 15. Oct 2007
BATS-CHIXE ARCHEO Ordinary Shares BATS 'Chi-X Europe' GB NOK 15. Oct 2007
Number of employees
Current staff
Staff numbers
5,031
Archer employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:56
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/16
Last earnings filing: 2019/08/08
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.