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 grow significantly at over 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.
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.
TENURE AS CEO
Mr. Nils Ingemund Hoff serves as Chief Executive Officer at Endúr ASA since November 15, 2018. He served as Chief Financial Officer of Bergen Group ASA. Mr. Hoff served as Chief Financial Officer of Bergen Group ASA since July 2015 until June 30, 2017. Mr. Hoff served as the Chief Financial Officer of Tandberg Storage ASA from August 8, 2006 to 2008 and Data Invest from 1998 to 2006. He served as the Chief Financial Officer of Tandberg Data Norge AS from January 2008 to December 31, 2014. He served as Executive Chairman of an industrial group operating within electrical installations in Oslo. He serves as Chairman of the board of directors of Eagle AS, RTC Tech AS and Postlogi AS og Molvik Grafisk AS. He serves as Director of Oppie Design AS and Director in different Bergen Group ASA subsidiaries. He has been a Director of Overland Storage Inc. since March 27, 2014 and joined Overland Storage Inc. in January 2014. He served as a Director of Norske Skogindustrier ASA since September 2017 until October 2018. He served as Director of Norske Skogindustrier ASA from January 6, 2016 to August 26, 2017. He holds Bachelor’s degree in shipping, economy, finance & administration and auditing from Agder Distriktshøgskole (Kristiansand, Norway).
Insufficient data for Nils to compare compensation growth.
Insufficient data for Nils to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Chief Executive Officer
Chief Financial Officer
Chief Operating 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.
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