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Electromagnetic Geoservices

OB:EMGS
Snowflake Description

Reasonable growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EMGS
OB
NOK295M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Electromagnetic Geoservices has significant price volatility in the past 3 months.
EMGS Share Price and Events
7 Day Returns
0%
OB:EMGS
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-14.4%
OB:EMGS
-32.6%
NO Energy Services
-8.3%
NO Market
EMGS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Electromagnetic Geoservices (EMGS) 0% -2.2% -17% -14.4% -47.1% -98.6%
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
  • EMGS outperformed the Energy Services industry which returned -32.6% over the past year.
  • EMGS underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
EMGS
Industry
5yr Volatility vs Market

Value

 Is Electromagnetic Geoservices 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 Electromagnetic Geoservices 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 Electromagnetic Geoservices.

OB:EMGS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
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:EMGS
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%) (163.19%))
1.967
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.967 * 5.96%)
13.49%

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

The calculations below outline how an intrinsic value for Electromagnetic Geoservices 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:EMGS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.49%)
2020 10.00 Analyst x1 8.81
2021 7.00 Analyst x1 5.44
2022 5.44 Est @ -22.21% 3.73
2023 4.63 Est @ -15.02% 2.79
2024 4.16 Est @ -9.99% 2.21
2025 3.90 Est @ -6.46% 1.82
2026 3.74 Est @ -4% 1.54
2027 3.66 Est @ -2.27% 1.33
2028 3.62 Est @ -1.06% 1.16
2029 3.61 Est @ -0.21% 1.02
Present value of next 10 years cash flows $29.00
OB:EMGS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3.61 × (1 + 1.76%) ÷ (13.49% – 1.76%)
$31.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $31.32 ÷ (1 + 13.49%)10
$8.84
OB:EMGS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $29.00 + $8.84
$37.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $37.84 / 130.97
$0.29
OB:EMGS Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:EMGS)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $0.29 x 8.977
NOK2.59
Value per share (NOK) From above. NOK2.59
Current discount Discount to share price of NOK2.25
= -1 x (NOK2.25 - NOK2.59) / NOK2.59
13.3%

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

Current Discount
Amount off the current price Electromagnetic Geoservices is available for.
Intrinsic value
13%
Share price is NOK2.25 vs Future cash flow value of NOK2.59
Current Discount Checks
For Electromagnetic Geoservices to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Electromagnetic Geoservices's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Electromagnetic Geoservices's share price is below the future cash flow value, but not 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 Electromagnetic Geoservices's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Electromagnetic Geoservices's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:EMGS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.16
OB:EMGS Share Price ** OB (2019-09-19) in NOK NOK2.25
OB:EMGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.25
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 Electromagnetic Geoservices.

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

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

= 0.25 ÷ -0.16

-1.61x

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

  • Electromagnetic Geoservices is loss making, we can't compare its value to the NO Energy Services industry average.
  • Electromagnetic Geoservices is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Electromagnetic Geoservices's expected growth come at a high price?
Raw Data
OB:EMGS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
105.3%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 Electromagnetic Geoservices, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Electromagnetic Geoservices's assets?
Raw Data
OB:EMGS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $-0.05
OB:EMGS Share Price * OB (2019-09-19) in NOK NOK2.25
OB:EMGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.25
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:EMGS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.25 ÷ -0.05

-4.63x

* Primary Listing of Electromagnetic Geoservices.

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

  • Electromagnetic Geoservices has negative assets, we can't compare the value of its assets to the NO Energy Services industry average.
X
Value checks
We assess Electromagnetic Geoservices'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. Electromagnetic Geoservices 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.

Future Performance

 How is Electromagnetic Geoservices expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
105.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Electromagnetic Geoservices expected to grow at an attractive rate?
  • Electromagnetic Geoservices's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Electromagnetic Geoservices's earnings growth is expected to exceed the Norway market average.
  • Electromagnetic Geoservices's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:EMGS Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:EMGS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 105.3%
OB:EMGS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.2%
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:EMGS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:EMGS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 76 8 0 1
2020-12-31 88 10 5 1
2019-12-31 76 18 -4 1
OB:EMGS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 45 5 -26
2019-03-31 38 -1 -31
2018-12-31 32 -12 -37
2018-09-30 29 -13 -36
2018-06-30 34 -4 -25
2018-03-31 34 -1 -25
2017-12-31 34 2 -23
2017-09-30 35 6 -32
2017-06-30 29 0 -42
2017-03-31 36 9 -48
2016-12-31 45 -1 -53
2016-09-30 53 -14 -62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Electromagnetic Geoservices's earnings are expected to grow significantly at over 20% yearly.
  • Electromagnetic Geoservices's revenue is expected to grow by 15.2% 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:EMGS 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 1 Analyst Estimates (S&P Global) See Below

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

OB:EMGS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.00 0.00 0.00 1.00
2020-12-31 0.03 0.03 0.03 1.00
2019-12-31 -0.03 -0.03 -0.03 1.00
OB:EMGS Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.16
2019-03-31 -0.24
2018-12-31 -0.31
2018-09-30 -0.75
2018-06-30 -1.00
2018-03-31 -0.34
2017-12-31 -0.39
2017-09-30 -0.35
2017-06-30 -1.29
2017-03-31 -1.45
2016-12-31 -1.61
2016-09-30 -2.32

*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 Electromagnetic Geoservices will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Electromagnetic Geoservices'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.
Electromagnetic Geoservices 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.

Past Performance

  How has Electromagnetic Geoservices 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 Electromagnetic Geoservices'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.
  • Electromagnetic Geoservices does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Electromagnetic Geoservices's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Electromagnetic Geoservices's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Electromagnetic Geoservices'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 Electromagnetic Geoservices Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:EMGS 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 44.62 -25.74 31.59
2019-03-31 38.04 -30.54 31.29
2018-12-31 31.55 -36.60 31.66
2018-09-30 28.95 -36.10 17.55
2018-06-30 33.66 -25.33 17.15
2018-03-31 34.03 -25.04 16.90
2017-12-31 33.90 -23.21 16.98
2017-09-30 35.07 -31.69 36.45
2017-06-30 28.85 -42.36 37.79
2017-03-31 35.65 -47.60 40.29
2016-12-31 44.53 -52.83 42.60
2016-09-30 53.06 -61.84 14.85
2016-06-30 64.91 -76.15 20.37
2016-03-31 61.91 -90.95 23.69
2015-12-31 81.14 -76.72 29.34
2015-09-30 113.16 -39.47 86.29
2015-06-30 138.55 -7.12 89.69
2015-03-31 168.97 16.43 92.53
2014-12-31 198.02 25.89 95.12
2014-09-30 190.40 14.06 92.16
2014-06-30 172.31 -5.14 90.62
2014-03-31 174.22 -4.32 92.10
2013-12-31 144.60 -15.10 91.16
2013-09-30 144.70 -17.10 94.95
2013-06-30 164.29 -10.66 94.78
2013-03-31 176.98 2.39 93.42
2012-12-31 200.83 11.90 92.42
2012-09-30 213.61 24.92 78.94

*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 Electromagnetic Geoservices has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Electromagnetic Geoservices 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 Electromagnetic Geoservices 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 Electromagnetic Geoservices'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.
Electromagnetic Geoservices 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 Electromagnetic Geoservices'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 Electromagnetic Geoservices's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Electromagnetic Geoservices's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Electromagnetic Geoservices's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Electromagnetic Geoservices'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.
  • Electromagnetic Geoservices has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Electromagnetic Geoservices Company Filings, last reported 2 months ago.

OB:EMGS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -7.09 30.98 5.78
2019-03-31 -5.12 30.88 9.64
2018-12-31 3.33 30.81 6.49
2018-09-30 10.74 31.03 9.53
2018-06-30 19.94 32.82 15.38
2018-03-31 14.38 32.81 11.81
2017-12-31 26.39 32.80 16.55
2017-09-30 34.51 33.22 22.99
2017-06-30 18.63 41.93 12.05
2017-03-31 22.22 36.81 13.00
2016-12-31 32.70 35.56 14.04
2016-09-30 47.76 34.20 15.72
2016-06-30 58.76 32.38 21.22
2016-03-31 69.79 36.75 19.98
2015-12-31 77.97 36.99 31.75
2015-09-30 71.03 47.64 20.22
2015-06-30 96.31 47.92 38.54
2015-03-31 122.39 47.93 38.19
2014-12-31 126.23 48.34 25.21
2014-09-30 116.47 53.94 41.88
2014-06-30 110.30 57.83 53.55
2014-03-31 112.10 57.83 62.15
2013-12-31 102.22 56.36 55.31
2013-09-30 101.32 57.92 45.85
2013-06-30 112.86 57.19 44.93
2013-03-31 112.08 43.58 40.29
2012-12-31 113.95 44.80 39.26
2012-09-30 110.74 44.68 51.41
  • Electromagnetic Geoservices has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Electromagnetic Geoservices's debt level has increased considering it has negative shareholder equity.
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.

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


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

Dividends

 What is Electromagnetic Geoservices'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 Electromagnetic Geoservices dividends.
If you bought NOK2,000 of Electromagnetic Geoservices 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 Electromagnetic Geoservices's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Electromagnetic Geoservices'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:EMGS 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 1 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:EMGS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Electromagnetic Geoservices has not reported any payouts.
  • Unable to verify if Electromagnetic Geoservices's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Electromagnetic Geoservices's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Electromagnetic Geoservices 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 Electromagnetic Geoservices'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 Electromagnetic Geoservices afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Electromagnetic Geoservices 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 Electromagnetic Geoservices'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
Bjørn Lindhom
COMPENSATION $0
TENURE AS CEO 0.8 years
CEO Bio

Mr. Bjørn Petter Lindhom serves Chief Executive Officer of Electromagnetic Geoservices ASA since June 2019. He served as Interim Chief Executive Officer at Electromagnetic Geoservices ASA since December 1, 2018 and has been its President since July 2016. Mr. Lindhom has 11 years of oil and gas industry experience. He started his career at Telenor , joined EMGS in 2003 working as a field geophysicist offshore. In 2005, he was transferred to Houston where he held various technical- and sales positions. He was responsible for the EMGS' activities in Mexico and subsequently all of Latin America where EMGS secured two of its largest contracts to date (PEMEX and Petrobras). In 2011, he was transferred to Rio de Janeiro and in 2012 he returned to Oslo. He holds an MSc in physics from University of Oslo (2001).

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

Average tenure of the Electromagnetic Geoservices management team in years:

1.7
Average Tenure
  • The average tenure for the Electromagnetic Geoservices management team is less than 2 years, this suggests a new team.
Management Team

Bjørn Lindhom

TITLE
CEO & President of EMGS NSA
TENURE
0.8 yrs

Hege Veiseth

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
42
TENURE
3.7 yrs

Øyvind Bjørndal

TITLE
Chief Legal Counsel
COMPENSATION
$1M
TENURE
2 yrs

Dag Helland-Hansen

TITLE
Global Exploration Advisor & Business Unit President of EMEA
COMPENSATION
$2M
TENURE
1.4 yrs

Rune Mittet

TITLE
Chief Scientist

Even Selnæs

TITLE
Vice President of Human Resources
TENURE
5.5 yrs

Atle Johan Lund

TITLE
Business Unit President of Asia & Pacific
TENURE
1.1 yrs

Lars Solevåg

TITLE
Business Unit President NSA
TENURE
0.7 yrs

Roth Rothwangl

TITLE
Vice President of Imaging & Interpretation Services
TENURE
7.7 yrs
Board of Directors Tenure

Average tenure and age of the Electromagnetic Geoservices board of directors in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the Electromagnetic Geoservices board of directors is less than 3 years, this suggests a new board.
Board of Directors

Johan Mikkelsen

TITLE
Chairman
COMPENSATION
$290K
TENURE
0.3 yrs

Peter Soininen

TITLE
Non-Executive Director
COMPENSATION
$288K
AGE
45
TENURE
4.8 yrs

Mimi Berdal

TITLE
Independent Non-Executive Director
COMPENSATION
$306K
AGE
60
TENURE
4.8 yrs

Marte Karlsen

TITLE
Employee Representative Director

Alex Herger

TITLE
Independent Director
AGE
62
TENURE
0.3 yrs

Jon Solheim

TITLE
Employee Representative Director
TENURE
0.3 yrs

Adam Robinson

TITLE
Alternate Employee Representative Director

Ragnhild Gåsø

TITLE
Alternate Employee Representative Director
TENURE
1.8 yrs

Ellen Fossbakk

TITLE
Alternate Employee Representative Director
TENURE
1.8 yrs

Joseph Fletcher

TITLE
Alternate Employee Representative Director
TENURE
1.8 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 Electromagnetic Geoservices'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. Electromagnetic Geoservices 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

Health Check: How Prudently Does Electromagnetic Geoservices (OB:EMGS) Use Debt?

As with many other companies Electromagnetic Geoservices ASA (OB:EMGS) makes use of debt. … OB:EMGS Historical Debt, August 20th 2019 How Strong Is Electromagnetic Geoservices's Balance Sheet? … The latest balance sheet data shows that Electromagnetic Geoservices had liabilities of US$35.2m due within a year, and liabilities of US$61.9m falling due after that.

Simply Wall St -

Can We See Significant Institutional Ownership On The Electromagnetic Geoservices ASA (OB:EMGS) Share Register?

Insider Ownership Of Electromagnetic Geoservices The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership We can see that Private Companies own 33%, of the shares on issue. … Public Company Ownership We can see that public companies hold 24%, of the EMGS shares on issue.

Simply Wall St -

The Electromagnetic Geoservices (OB:EMGS) Share Price Is Down 99% So Some Shareholders Are Very Salty

View our latest analysis for Electromagnetic Geoservices Given that Electromagnetic Geoservices 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. … Investors should note that there's a difference between Electromagnetic Geoservices's total shareholder return (TSR) and its share price change, which we've covered above. … Electromagnetic Geoservices hasn't been paying dividends, but its TSR of -98% exceeds its share price return of -99%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.

Simply Wall St -

How Electromagnetic Geoservices ASA (OB:EMGS) Can Impact Your Portfolio Volatility

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Since Electromagnetic Geoservices tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Calculating The Fair Value Of Electromagnetic Geoservices ASA (OB:EMGS)

I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Easy Come, Easy Go: How Electromagnetic Geoservices Shareholders Torched 99% Of Their Cash

Electromagnetic Geoservices ASA (OB:EMGS) shareholders will doubtless be very grateful to see the share price up 110% in the last month. … Electromagnetic Geoservices isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years Electromagnetic Geoservices saw its revenue shrink by 41% per year.

Simply Wall St -

How Does Electromagnetic Geoservices ASA (OB:EMGS) Affect Your Portfolio Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Electromagnetic Geoservices ASA's (OB:EMGS) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Christiaan Vermeijden's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Christiaan Vermeijden receives more in total compensation than the median of a group of companies in the same market, and of similar size to Electromagnetic Geoservices ASA

Simply Wall St -

Should You Be Holding Electromagnetic Geoservices ASA (OB:EMGS) Right Now?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

When Can We Expect A Profit From Electromagnetic Geoservices ASA (OB:EMGS)?

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry worldwide. … With the latest financial year loss of -øre22.28m and a trailing-twelve month of -øre24.12m, the øre442.68m market-cap amplifies its loss by moving further away from its breakeven target? … I’ve put together a brief outline of industry analyst expectations for EMGS, its year of breakeven and its implied growth rate.

Simply Wall St -

Company Info

Description

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry. It is involved in the planning, acquisition, processing, modelling, interpretation, and integration of EM data. The company uses its patented EM survey method to detect hydrocarbons in offshore reservoirs. Its products and services include imaging and interpretation, consultancy, magnetotelluric survey, training, and controlled-source electromagnetic surveying services. Electromagnetic Geoservices ASA has operations in Europe, the Middle East, Africa, North and South America, Asia, and the Pacific Ocean. The company was founded in 2002 and is headquartered in Trondheim, Norway.

Details
Name: Electromagnetic Geoservices ASA
EMGS
Exchange: OB
Founded: 2002
NOK294,681,802
130,969,690
Website: http://www.emgs.com
Address: Electromagnetic Geoservices ASA
Stiklestadveien 1,
Trondheim,
Sør-Trøndelag, 7041,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB EMGS Ordinary Shares Oslo Bors NO NOK 30. Mar 2007
OTCPK ELRM.F Ordinary Shares Pink Sheets LLC US USD 30. Mar 2007
BATS-CHIXE EMGSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 30. Mar 2007
Number of employees
Current staff
Staff numbers
125
Electromagnetic Geoservices 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 20:55
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/07/31
Last earnings filing: 2019/07/25
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.