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Magseis Fairfield

OB:MSEIS
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MSEIS
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Magseis Fairfield ASA, a geophysical survey company, engages in the marine seismic operations and seismic related activities. The last earnings update was 23 days ago. More info.


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MSEIS Share Price and Events
7 Day Returns
-4.6%
OB:MSEIS
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-37.5%
OB:MSEIS
-32.6%
NO Energy Services
-8.3%
NO Market
MSEIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magseis Fairfield (MSEIS) -4.6% -1.2% -10.4% -37.5% -32.8% -65.4%
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
  • MSEIS underperformed the Energy Services industry which returned -32.6% over the past year.
  • MSEIS underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
MSEIS
Industry
5yr Volatility vs Market

MSEIS Value

 Is Magseis Fairfield 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 Magseis Fairfield 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 Magseis Fairfield.

OB:MSEIS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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:MSEIS
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%) (48.61%))
1.327
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.327 * 5.96%)
9.67%

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

The calculations below outline how an intrinsic value for Magseis Fairfield 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:MSEIS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.67%)
2020 14.00 Analyst x1 12.77
2021 26.00 Analyst x1 21.62
2022 30.01 Est @ 15.43% 22.75
2023 33.41 Est @ 11.33% 23.10
2024 36.24 Est @ 8.46% 22.84
2025 38.57 Est @ 6.45% 22.17
2026 40.52 Est @ 5.04% 21.23
2027 42.16 Est @ 4.06% 20.15
2028 43.58 Est @ 3.37% 18.99
2029 44.84 Est @ 2.89% 17.81
Present value of next 10 years cash flows $203.00
OB:MSEIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $44.84 × (1 + 1.76%) ÷ (9.67% – 1.76%)
$576.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $576.83 ÷ (1 + 9.67%)10
$229.17
OB:MSEIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $203.00 + $229.17
$432.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $432.17 / 185.17
$2.33
OB:MSEIS Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:MSEIS)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $2.33 x 8.977
NOK20.95
Value per share (NOK) From above. NOK20.95
Current discount Discount to share price of NOK9.68
= -1 x (NOK9.68 - NOK20.95) / NOK20.95
53.8%

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

Current Discount
Amount off the current price Magseis Fairfield is available for.
Intrinsic value
>50%
Share price is NOK9.68 vs Future cash flow value of NOK20.95
Current Discount Checks
For Magseis Fairfield to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Magseis Fairfield's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Magseis Fairfield'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 Magseis Fairfield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magseis Fairfield's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:MSEIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.02
OB:MSEIS Share Price ** OB (2019-09-19) in NOK NOK9.68
OB:MSEIS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $1.08
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 Magseis Fairfield.

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

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

= 1.08 ÷ -0.02

-55.84x

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

  • Magseis Fairfield is loss making, we can't compare its value to the NO Energy Services industry average.
  • Magseis Fairfield is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Magseis Fairfield's expected growth come at a high price?
Raw Data
OB:MSEIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -55.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
61.2%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 Magseis Fairfield, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Magseis Fairfield's assets?
Raw Data
OB:MSEIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.72
OB:MSEIS Share Price * OB (2019-09-19) in NOK NOK9.68
OB:MSEIS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $1.08
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:MSEIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.08 ÷ 1.72

0.63x

* Primary Listing of Magseis Fairfield.

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

  • Magseis Fairfield is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Magseis Fairfield'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. Magseis Fairfield 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.

MSEIS Future Performance

 How is Magseis Fairfield expected to perform in the next 1 to 3 years based on estimates from 2 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
61.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magseis Fairfield expected to grow at an attractive rate?
  • Magseis Fairfield's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Magseis Fairfield's earnings growth is expected to exceed the Norway market average.
  • Magseis Fairfield's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:MSEIS Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:MSEIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 61.2%
OB:MSEIS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.3%
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:MSEIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:MSEIS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 514 86 55 2
2020-12-31 460 74 35 2
2019-12-31 497 97 27 2
2019-09-19
OB:MSEIS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 343 47 -3
2019-03-31 231 18 -15
2018-12-31 136 14 -3
2018-09-30 65 7 -11
2018-06-30 78 21 5
2018-03-31 77 8 9
2017-12-31 74 24 7
2017-09-30 89 30 17
2017-06-30 74 2 -2
2017-03-31 62 6 -9
2016-12-31 59 -2 -17
2016-09-30 44 -13 -28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magseis Fairfield's earnings are expected to grow significantly at over 20% yearly.
  • Magseis Fairfield's revenue is expected to grow by 8.3% 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:MSEIS 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 2 Analyst Estimates (S&P Global) See Below

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

OB:MSEIS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.29 0.33 0.26 2.00
2020-12-31 0.19 0.26 0.12 2.00
2019-12-31 0.15 0.23 0.06 2.00
2019-09-19
OB:MSEIS Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.15
2018-12-31 -0.04
2018-09-30 -0.16
2018-06-30 0.08
2018-03-31 0.14
2017-12-31 0.12
2017-09-30 0.32
2017-06-30 -0.06
2017-03-31 -0.25
2016-12-31 -0.48
2016-09-30 -0.77

*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.
  • Magseis Fairfield is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Magseis Fairfield'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.
Magseis Fairfield 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.

MSEIS Past Performance

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

OB:MSEIS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 343.24 -2.56 42.20 4.24
2019-03-31 231.42 -14.97 27.94 4.08
2018-12-31 136.48 -2.82 17.35 4.00
2018-09-30 65.03 -10.61 14.58 2.31
2018-06-30 77.69 5.00 12.75 2.22
2018-03-31 77.37 8.85 10.83 2.06
2017-12-31 73.88 6.70 9.14 2.00
2017-09-30 89.15 16.54 7.82 2.00
2017-06-30 73.59 -1.96 7.08 1.77
2017-03-31 61.87 -9.24 7.55 2.03
2016-12-31 58.91 -16.70 7.24 2.02
2016-09-30 44.42 -27.98 7.60 2.16
2016-06-30 44.14 -19.46 7.64 1.93
2016-03-31 53.06 -13.92 7.13 2.02
2015-12-31 40.67 -16.51 6.96 2.06
2015-09-30 46.90 -9.27 24.64 2.02
2015-06-30 48.66 -10.88 24.84 2.40
2015-03-31 48.48 -12.23 24.80 1.90
2014-12-31 56.61 -5.38 25.02 1.59
2014-09-30 57.09 -4.22 10.69 1.58
2014-06-30 42.51 -5.76 9.92 1.74
2014-03-31 26.09 -8.04 10.07 1.53
2013-12-31 12.24 -8.70 8.57 1.38
2013-09-30 0.00 -6.12 4.21 0.83
2012-12-31 0.54 -2.16 1.29 1.43

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

MSEIS Health

 How is Magseis Fairfield'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 Magseis Fairfield's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magseis Fairfield is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Magseis Fairfield's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Magseis Fairfield'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 covered by short term assets, assets are 4.4x 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 Magseis Fairfield Company Filings, last reported 2 months ago.

OB:MSEIS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 340.43 60.78 54.23
2019-03-31 327.11 71.99 50.01
2018-12-31 333.57 78.15 69.33
2018-09-30 131.29 13.74 33.50
2018-06-30 137.23 14.54 36.17
2018-03-31 137.75 15.11 44.60
2017-12-31 95.04 16.30 29.96
2017-09-30 104.78 15.82 45.43
2017-06-30 95.07 13.68 33.66
2017-03-31 91.13 18.08 54.20
2016-12-31 49.05 20.22 19.15
2016-09-30 48.91 23.26 13.47
2016-06-30 57.56 12.92 16.86
2016-03-31 49.83 9.52 15.22
2015-12-31 53.66 3.49 11.61
2015-09-30 64.68 0.00 18.51
2015-06-30 64.89 0.00 11.81
2015-03-31 56.09 0.00 11.30
2014-12-31 62.42 1.20 21.71
2014-09-30 66.19 0.00 21.90
2014-06-30 68.14 0.00 31.66
2014-03-31 45.48 0.00 7.50
2013-12-31 44.18 0.00 7.01
2013-09-30 47.24 0.00 11.51
2012-12-31 56.62 0.00 46.35
  • Magseis Fairfield's level of debt (17.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 17.9% 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 Magseis Fairfield has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Magseis Fairfield has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -20.6% per year.
X
Financial health checks
We assess Magseis Fairfield'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. Magseis Fairfield has a total score of 5/6, 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.

MSEIS Dividends

 What is Magseis Fairfield'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 Magseis Fairfield dividends. Estimated to be 0% next year.
If you bought NOK2,000 of Magseis Fairfield 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 Magseis Fairfield's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Magseis Fairfield'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:MSEIS 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 2 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:MSEIS 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 Magseis Fairfield has not reported any payouts.
  • Unable to verify if Magseis Fairfield's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Magseis Fairfield's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Magseis Fairfield has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Magseis Fairfield's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Magseis Fairfield'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 Magseis Fairfield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magseis Fairfield 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.

MSEIS Management

 What is the CEO of Magseis Fairfield'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
PC Grytnes
COMPENSATION $294,000
TENURE AS CEO 1.8 years
CEO Bio

Mr. Per Christian Grytnes, also known as PC, is Chief Executive Officer of Magseis ASA since May 8, 2018. He was an Interim Chief Executive Officer of Magseis ASA since November 30, 2017. Mr. Grytnes served as the Chief Executive Officer and President of IHS-Petrodata, Inc. (Also known as ODS-Petrodata, Inc.). He served as a Managing Director of Bassoe Offshore Consultants and served in a number of operating roles within the offshore industry, including positions with ABB Offshore Systems AS, Saga Petroleum ASA and Exxon. He started his career as a researcher at Rogaland Research. He served as a Director of IHS-Petrodata, Inc.

CEO Compensation
  • PC's compensation has increased whilst company is loss making.
  • PC's remuneration is lower than average for companies of similar size in Norway.
Management Team Tenure

Average tenure of the Magseis Fairfield management team in years:

1.9
Average Tenure
  • The average tenure for the Magseis Fairfield management team is less than 2 years, this suggests a new team.
Management Team

PC Grytnes

TITLE
Chief Executive Officer
COMPENSATION
$294K
TENURE
1.8 yrs

Ivar Gimse

TITLE
Co-Founder & Executive VP of Business Development
COMPENSATION
$275K
TENURE
2.8 yrs

Jan Gateman

TITLE
Co-Founder
COMPENSATION
$2K

Bjørn Jensen

TITLE
Chief Operating Officer of Eastern Hemisphere
COMPENSATION
$183K

Nils Heieren

TITLE
Chief Technology Officer
COMPENSATION
$180K

Hélène Dessagne

TITLE
General Counsel
COMPENSATION
$143K
TENURE
2 yrs

Cathrin Bretzeg

TITLE
Senior Vice President of Human Resources
COMPENSATION
$154K
TENURE
2.2 yrs

Andrè Bjørvik

TITLE
Senior Vice President of Multi-client
COMPENSATION
$187K
TENURE
0.5 yrs

Kevin Crosby

TITLE
Acting Chief Financial Officer
TENURE
0.5 yrs

Tom Scoulios

TITLE
Chief Operating Officer Western Hemisphere
Board of Directors Tenure

Average tenure and age of the Magseis Fairfield board of directors in years:

0.8
Average Tenure
50.5
Average Age
  • The average tenure for the Magseis Fairfield board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chuck Davison

TITLE
Chairman
AGE
50
TENURE
0.8 yrs

Jan Gateman

TITLE
Co-Founder
COMPENSATION
$2K
TENURE
10.7 yrs

Bettina Bachmann

TITLE
Non-Executive Director
TENURE
5.7 yrs

Edvin Endresen

TITLE
Non-Executive Director
AGE
47
TENURE
1.3 yrs

Angela Durkin

TITLE
Director
AGE
51
TENURE
0.7 yrs

Luis Araujo

TITLE
Director
TENURE
0.7 yrs

Wenche Kjølås

TITLE
Director
AGE
57
TENURE
0.7 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)
05. Mar 19 Buy Geo Innova AS Company 05. Mar 19 05. Mar 19 25,000 NOK14.37 NOK359,250
19. Dec 18 Buy Incentive AS Company 19. Dec 18 19. Dec 18 922,495 NOK14.90 NOK13,745,173
X
Management checks
We assess Magseis Fairfield'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. Magseis Fairfield 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.

MSEIS News

Simply Wall St News

We Think Magseis Fairfield (OB:MSEIS) Has A Fair Chunk Of Debt

We can see that Magseis Fairfield ASA (OB:MSEIS) does use debt in its business. … OB:MSEIS Historical Debt, August 15th 2019 How Healthy Is Magseis Fairfield's Balance Sheet? … Magseis Fairfield has a market capitalization of US$190.4m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose.

Simply Wall St -

Imagine Owning Magseis Fairfield (OB:MSEIS) While The Price Tanked 63%

Zooming in on an example, the Magseis Fairfield ASA (OB:MSEIS) share price dropped 63% in the last half decade. … See our latest analysis for Magseis Fairfield Magseis Fairfield isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over five years, Magseis Fairfield grew its revenue at 28% per year.

Simply Wall St -

Do Institutions Own Shares In Magseis Fairfield ASA (OB:MSEIS)?

A look at the shareholders of Magseis Fairfield ASA (OB:MSEIS) can tell us which group is most powerful. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of øre2.6b, Magseis Fairfield is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

How Financially Strong Is Magseis Fairfield ASA (OB:MSEIS)?

While small-cap stocks, such as Magseis Fairfield ASA (OB:MSEIS) with its market cap of øre3.8b, 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 -

Based On Its ROE, Is Magseis ASA (OB:MSEIS) A High Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Magseis has a return on equity of 3.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Magseis ASA (OB:MSEIS) Attractive At Its Current PE Ratio?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … Breaking down the Price-Earnings ratio

Simply Wall St -

Can Magseis ASA (OB:MSEIS) Continue To Outperform Its Industry?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … 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. … Check out our latest analysis for Magseis

Simply Wall St -

Is Magseis ASA's (OB:MSEIS) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Magseis ASA (OB:MSEIS), with a market cap of øre1.45b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Can Magseis ASA's (OB:MSEIS) ROE Continue To Surpass The Industry Average?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:MSEIS Last Perf May 24th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What Does Magseis ASA's (OB:MSEIS) Share Price Indicate?

Great news for investors – Magseis is still trading at a fairly cheap price. … My valuation model shows that the intrinsic value for the stock is NOK28.22, but it is currently trading at ØRE15.60 on the share market, meaning that there is still an opportunity to buy now. … What’s more interesting is that, Magseis’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value.

Simply Wall St -

MSEIS Company Info

Description

Magseis Fairfield ASA, a geophysical survey company, engages in the marine seismic operations and seismic related activities. The company provides ocean bottom seismic (OBS) acquisition services to clients using its proprietary Marine Autonomous Seismic System (MASS) that includes ultra-compact 4C sensor capsules, automated handling systems, and data downloads. Its MASS acquisition system allows operating in water depths from 0 to 3,000 meters. The company also provides MASS cable system that enables acquisition in areas with seabed obstructions, various seabed topographies, and deployment in deeper water depths; MASS Modular, a mobile OBS system; and MASS reservoir monitoring services for seismic monitoring. It operates in Norway, Malaysia, Singapore, Red Sea, Sweden, Russia, Mexico, Indonesia, and the United States. The company was formerly known as Magseis ASA. Magseis Fairfield ASA was founded in 2009 and is headquartered in Lysaker, Norway.

Details
Name: Magseis Fairfield ASA
MSEIS
Exchange: OB
Founded: 2009
NOK1,792,451,330
185,170,592
Website: http://www.magseis.com
Address: Magseis Fairfield ASA
Strandveien 50,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB MSEIS Ordinary Shares Oslo Bors NO NOK 27. Dec 2012
DB 5M6 Ordinary Shares Deutsche Boerse AG DE EUR 27. Dec 2012
LSE 0QWE Ordinary Shares London Stock Exchange GB NOK 27. Dec 2012
Number of employees
Current staff
Staff numbers
650
Magseis Fairfield 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 21:21
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/16
Last earnings filing: 2019/08/27
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.