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Eidesvik Offshore

OB:EIOF
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EIOF
OB
NOK339M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas. The last earnings update was 28 days ago. More info.


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EIOF Share Price and Events
7 Day Returns
-2.8%
OB:EIOF
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-5%
OB:EIOF
-32.6%
NO Energy Services
-8.3%
NO Market
EIOF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eidesvik Offshore (EIOF) -2.8% 15.4% 1.9% -5% -43.1% -81.1%
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
  • EIOF outperformed the Energy Services industry which returned -32.6% over the past year.
  • EIOF outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
EIOF
Industry
5yr Volatility vs Market

Value

 Is Eidesvik Offshore 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 Eidesvik Offshore 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 Eidesvik Offshore.

OB:EIOF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. 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:EIOF
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%) (740.58%))
5.193
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:EIOF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eidesvik Offshore 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:EIOF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 13.68%)
2020 10.38 Est @ -77.22% 9.13
2021 4.82 Est @ -53.53% 3.73
2022 3.04 Est @ -36.94% 2.07
2023 2.27 Est @ -25.33% 1.36
2024 1.88 Est @ -17.2% 0.99
2025 1.66 Est @ -11.51% 0.77
2026 1.54 Est @ -7.53% 0.63
2027 1.47 Est @ -4.74% 0.53
2028 1.42 Est @ -2.79% 0.45
2029 1.40 Est @ -1.43% 0.39
Present value of next 10 years cash flows NOK20.00
OB:EIOF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK1.40 × (1 + 1.76%) ÷ (13.68% – 1.76%)
NOK11.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK11.99 ÷ (1 + 13.68%)10
NOK3.33
OB:EIOF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK20.00 + NOK3.33
NOK23.33
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK23.33 / 62.15
NOK0.38
OB:EIOF Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK0.38
Current discount Discount to share price of NOK5.46
= -1 x (NOK5.46 - NOK0.38) / NOK0.38
-1354.8%

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

  • The current share price of Eidesvik Offshore 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 Eidesvik Offshore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eidesvik Offshore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:EIOF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-2.43
OB:EIOF Share Price ** OB (2019-09-19) in NOK NOK5.46
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 Eidesvik Offshore.

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

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

= 5.46 ÷ -2.43

-2.25x

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

  • Eidesvik Offshore is loss making, we can't compare its value to the NO Energy Services industry average.
  • Eidesvik Offshore is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Eidesvik Offshore's expected growth come at a high price?
Raw Data
OB:EIOF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Eidesvik Offshore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eidesvik Offshore's assets?
Raw Data
OB:EIOF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK22.62
OB:EIOF Share Price * OB (2019-09-19) in NOK NOK5.46
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:EIOF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.46 ÷ 22.62

0.24x

* Primary Listing of Eidesvik Offshore.

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

  • Eidesvik Offshore is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Eidesvik Offshore'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. Eidesvik Offshore has a total score of 1/6, 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 Eidesvik Offshore expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eidesvik Offshore has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
39.4%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eidesvik Offshore expected to grow at an attractive rate?
  • Unable to compare Eidesvik Offshore's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eidesvik Offshore's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Eidesvik Offshore's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:EIOF Future Growth Rates Data Sources
Data Point Source Value (per year)
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:EIOF 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:EIOF Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OB:EIOF Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 573 124 -151
2019-03-31 527 139 -275
2018-12-31 479 92 -283
2018-09-30 477 84 -444
2018-06-30 516 96 -324
2018-03-31 535 109 -35
2017-12-31 599 353 155
2017-09-30 640 428 -126
2017-06-30 685 471 -303
2017-03-31 721 526 -522
2016-12-31 749 346 -553
2016-09-30 825 463 -249

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eidesvik Offshore is high growth as no earnings estimate data is available.
  • Unable to determine if Eidesvik Offshore 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:EIOF 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 Eidesvik Offshore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:EIOF Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OB:EIOF Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 -2.43
2019-03-31 -4.42
2018-12-31 -4.83
2018-09-30 -8.76
2018-06-30 -7.58
2018-03-31 -1.00
2017-12-31 5.15
2017-09-30 -4.17
2017-06-30 -10.05
2017-03-31 -17.32
2016-12-31 -18.34
2016-09-30 -8.25

*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 Eidesvik Offshore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Eidesvik Offshore's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Eidesvik Offshore's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Eidesvik Offshore'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.
Eidesvik Offshore has a total score of 0/6, 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 Eidesvik Offshore 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 Eidesvik Offshore'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.
  • Eidesvik Offshore does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Eidesvik Offshore's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eidesvik Offshore's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Eidesvik Offshore'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 Eidesvik Offshore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:EIOF Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 572.78 -151.15
2019-03-31 526.68 -275.22
2018-12-31 478.73 -283.24
2018-09-30 477.30 -443.86
2018-06-30 515.99 -323.57
2018-03-31 534.74 -34.71
2017-12-31 599.28 155.37
2017-09-30 640.34 -125.67
2017-06-30 684.71 -302.89
2017-03-31 720.98 -522.24
2016-12-31 748.80 -553.00
2016-09-30 825.12 -248.78
2016-06-30 932.43 -167.90
2016-03-31 1,060.94 -25.98
2015-12-31 1,123.93 -196.91
2015-09-30 1,132.87 -217.07
2015-06-30 1,083.33 -152.96
2015-03-31 1,019.28 -268.29
2014-12-31 984.54 -173.97
2014-09-30 962.84 62.11
2014-06-30 953.55 178.18
2014-03-31 954.86 202.69
2013-12-31 948.43 141.72
2013-09-30 940.30 146.99
2013-06-30 912.28 133.09
2013-03-31 903.72 154.60
2012-12-31 910.02 282.23
2012-09-30 925.13 239.67

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eidesvik Offshore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eidesvik Offshore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eidesvik Offshore'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 0.4x 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 Eidesvik Offshore Company Filings, last reported 2 months ago.

OB:EIOF Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,399.72 2,450.27 409.75
2019-03-31 1,372.01 2,484.37 443.18
2018-12-31 1,424.83 2,522.17 515.64
2018-09-30 1,490.06 2,467.01 490.23
2018-06-30 1,560.95 2,491.35 539.77
2018-03-31 1,651.81 2,456.81 565.80
2017-12-31 1,542.01 2,614.88 557.47
2017-09-30 1,788.19 2,633.02 550.52
2017-06-30 1,777.06 2,776.54 602.39
2017-03-31 1,590.77 2,840.22 636.08
2016-12-31 1,457.05 3,455.85 549.77
2016-09-30 1,948.49 3,402.47 543.36
2016-06-30 2,109.74 3,600.52 621.89
2016-03-31 2,131.28 3,636.79 583.06
2015-12-31 2,041.81 3,851.61 711.91
2015-09-30 2,193.77 3,822.78 421.99
2015-06-30 2,239.11 3,869.36 415.96
2015-03-31 2,106.21 3,970.60 309.20
2014-12-31 2,125.39 3,013.44 549.59
2014-09-30 2,359.76 2,872.06 505.17
2014-06-30 2,353.84 2,942.20 465.47
2014-03-31 2,377.31 2,966.38 478.89
2013-12-31 2,348.29 3,108.00 582.81
2013-09-30 2,319.33 3,205.26 607.11
2013-06-30 2,207.65 3,394.01 473.14
2013-03-31 2,195.29 3,122.87 104.26
2012-12-31 2,180.28 3,193.68 255.03
2012-09-30 2,118.19 3,195.73 254.30
  • Eidesvik Offshore's level of debt (175.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (125% vs 175.1% 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 Eidesvik Offshore has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Eidesvik Offshore has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 77.8% per year.
X
Financial health checks
We assess Eidesvik Offshore'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. Eidesvik Offshore 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 Eidesvik Offshore'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 Eidesvik Offshore dividends.
If you bought NOK2,000 of Eidesvik Offshore 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 Eidesvik Offshore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eidesvik Offshore'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:EIOF 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
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:EIOF Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
OB:EIOF Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2015-11-13 0.000 0.000
2015-08-20 0.000 0.000
2015-05-13 0.000 0.000
2015-04-29 0.000 0.000
2015-02-26 0.000 0.000
2014-04-25 1.000 3.655
2014-02-27 1.000 3.030
2013-04-30 1.000 2.888
2012-04-23 1.000 2.910
2011-04-11 1.000 3.034
2010-04-26 0.500 1.341
2010-03-01 0.500 1.370
2009-03-02 0.500 1.918
2009-02-27 0.500 2.381

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

  • Unable to perform a dividend volatility check as Eidesvik Offshore has not reported any payouts.
  • Unable to verify if Eidesvik Offshore's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eidesvik Offshore's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eidesvik Offshore has not reported any payouts.
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 Eidesvik Offshore'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 Eidesvik Offshore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eidesvik Offshore 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 Eidesvik Offshore'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
Jan Meling
COMPENSATION NOK2,092,645
CEO Bio

Mr. Jan Fredrik Meling serves as the Chief Executive Officer and President of Eidesvik Offshore ASA and served as its Managing Director and Director.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Insufficient data for Jan to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Jan Meling

TITLE
COMPENSATION
NOK2M

Tore Byberg

TITLE
Chief Financial Officer
AGE
40
TENURE
0.6 yrs

Jan Lodden

TITLE
Executive VP & COO
COMPENSATION
NOK1M
TENURE
2.3 yrs

Erling Lodden

TITLE
Vice President of Human Recources

Petter Lønning

TITLE
Chief Engineer & Employee representative Director
Board of Directors Tenure

Average tenure of the Eidesvik Offshore board of directors in years:

0.8
Average Tenure
  • The average tenure for the Eidesvik Offshore board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kolbein Rege

TITLE
Chairman of the Board

Petter Lønning

TITLE
Chief Engineer & Employee representative Director
TENURE
0.2 yrs

Borgny Eidesvik

TITLE
Director

Lars Eidesvik

TITLE
Director

Synne Syrrist

TITLE
Director
AGE
47

Lauritz Eidesvik

TITLE
Director
TENURE
1.3 yrs

John Stangeland

TITLE
Director
TENURE
3 yrs

Kristine Skeie

TITLE
Director
TENURE
1.3 yrs

Børre Lindanger

TITLE
Alternate Director
TENURE
0.2 yrs

Tore Hettervik

TITLE
Alternate Director
TENURE
0.2 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 Eidesvik Offshore'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. Eidesvik Offshore 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

Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?

As you can see below, Eidesvik Offshore had kr2.45b of debt, at June 2019, which is about the same the year before. … OB:EIOF Historical Debt, August 28th 2019 How Strong Is Eidesvik Offshore's Balance Sheet? … But it is Eidesvik Offshore's earnings that will influence how the balance sheet holds up in the future.

Simply Wall St -

The Eidesvik Offshore (OB:EIOF) Share Price Is Down 79% So Some Shareholders Are Rather Upset

Given that Eidesvik Offshore didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … In the last five years Eidesvik Offshore saw its revenue shrink by 15% per year.

Simply Wall St -

What Kind Of Shareholders Own Eidesvik Offshore ASA (OB:EIOF)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … With a market capitalization of øre298m, Eidesvik Offshore is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

The Eidesvik Offshore ASA (OB:EIOF) Ownership Structure Could Be Important

Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about EIOF

Simply Wall St -

Is Eidesvik Offshore ASA (OB:EIOF) A Financially Sound Company?

While small-cap stocks, such as Eidesvik Offshore ASA (OB:EIOF) with its market cap of øre385.33m, 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 Eidesvik Offshore ASA (OB:EIOF)?

General Public Ownership The general public holds a substantial 54.52% stake in EIOF, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another important group of owners for potential investors in EIOF are private companies that hold a stake of 36.65% in EIOF.

Simply Wall St -

Eidesvik Offshore ASA (OB:EIOF): Risks You Need To Consider Before Buying

See our latest analysis for Eidesvik Offshore An interpretation of EIOF's beta Eidesvik Offshore's beta of 0.39 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, EIOF appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … With a market cap of ØRE391.55M, EIOF falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

Simply Wall St -

Is Eidesvik Offshore ASA's (OB:EIOF) Balance Sheet A Threat To Its Future?

On top of this, EIOF has produced cash from operations of ØRE362.55M during the same period of time, resulting in an operating cash to total debt ratio of 13.86%, meaning that EIOF’s operating cash is not sufficient to cover its debt. … In EIOF’s case, it is able to generate 0.14x cash from its debt capital. … Next Steps: EIOF’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Is Eidesvik Offshore ASA's (OB:EIOF) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for EIOF Price per share = NOK5.7 Earnings per share = NOK5.153 ∴ Price-Earnings Ratio = NOK5.7 ÷ NOK5.153 = 1.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with EIOF, then EIOF’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with EIOF, EIOF’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Can Eidesvik Offshore ASA's (OB:EIOF) ROE Continue To Surpass The Industry Average?

View our latest analysis for Eidesvik Offshore Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since Eidesvik Offshore’s return does not cover its cost, with a difference of -8.45%, this means its current use of equity is not efficient and not sustainable. … This means Eidesvik Offshore’s above-average ROE may be driven by its high leverage and its ability to grow profit hinges on a large debt burden.

Simply Wall St -

Company Info

Description

Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas. The company provides stable deliveries from the landfills onshore to offshore installations at sea. It operates 10 platform supply vessels; a fleet of 4 subsea ships; and a fleet of 12 ships related to seismic. Eidesvik Offshore ASA is based in Bømlo, Norway. Eidesvik Offshore ASA is a subsidiary of Eidesvik Invest AS.

Details
Name: Eidesvik Offshore ASA
EIOF
Exchange: OB
Founded:
NOK339,339,000
62,150,000
Website: http://www.eidesvik.no
Address: Eidesvik Offshore ASA
Vestvikveien 1,
Bømlo,
Hordaland, 5443,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB EIOF Ordinary Shares Oslo Bors NO NOK 13. Apr 2005
MUN E1V Ordinary Shares Boerse Muenchen DE EUR 13. Apr 2005
BATS-CHIXE EIOFO Ordinary Shares BATS 'Chi-X Europe' GB NOK 13. Apr 2005
Number of employees
Current staff
Staff numbers
0
Eidesvik Offshore 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 20:47
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/02/27
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.