Discounted Cash Flow Calculation for OB:ENDUR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
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:ENDUR DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Endúr's share price is below the future cash flow value, and at a moderate discount (> 20%).
Endúr'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
is considered below, and whether this is a fair price.
Price based on past earnings
Endúr's earnings available for a low price, and how does
this compare to other companies in the same industry?
Endúr's earnings are expected to grow significantly at over 20% yearly.
Endúr's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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.
Endúr's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
Mr. Hans Petter Eikeland serves as the Chief Executive Officer and President of Ability Drilling ASA. Mr. Eikeland serves as the Chief Executive Officer and President of Endúr ASA. He served as the Chief Executive Officer of Bergen Group ASA and also served as its Chief Financial Officer since July 1, 2017. Mr. Eikeland served as Chief Executive Officer of Bergen Group ASA since August 28, 2015 until July 1, 2016. He has been Chairman of Bergen Group ASA since November 8, 2017. He also has an extensive experience from other leadership positions within offshore related business and has been CEO in Ability Drilling ASA, Rig Manager and VP Operations in Odfjell Drilling and Rig Manager in Smedvig Drilling. As an investor and entrepreneur, he has extensive experience in restructuring the development of industrial companies, including as one of the founders of the listed company AGR and as 50% owner of Safeguard Group which during just a few years multiplied the turnover before the company last year were purchased by the international group Assa Abloy. He served as Chairman of Endúr ASA until May 14, 2019.
Insufficient data for Hans to compare compensation growth.
Insufficient data for Hans to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
CEO & President
Chief Financial Officer
Chief Operations Officer
Human Resources Director
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Endúr ASA engages in the aquaculture, maritime, and energy businesses in Norway and internationally. It operates through three segments: Services, Aquaculture, and Others. The company offers maritime service, and ship maintenance and services; and produces concrete barges for the aquaculture industry. It also engages in the maintenance, modification, installation, fabrication, and reconstruction of oil and gas installations for onshore and offshore. The company was formerly known as Bergen Group ASA and changed its name to Endúr ASA in February 2019. Endúr ASA was founded in 2007 and is headquartered in Bergen, Norway.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.