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Odfjell Drilling

OB:ODL
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ODL
OB
NOK7B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Odfjell Drilling has significant price volatility in the past 3 months.
ODL Share Price and Events
7 Day Returns
4%
OB:ODL
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-16.1%
OB:ODL
-32.6%
NO Energy Services
-8.3%
NO Market
ODL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Odfjell Drilling (ODL) 4% 37.7% 21.3% -16.1% 262.5% 8.9%
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
  • ODL outperformed the Energy Services industry which returned -32.6% over the past year.
  • ODL underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
ODL
Industry
5yr Volatility vs Market

ODL Value

 Is Odfjell Drilling 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 Odfjell Drilling 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 Odfjell Drilling.

OB:ODL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.1%
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:ODL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6.7%
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- 19%) (187.49%))
2.158
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 * 6.65%)
15.06%

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

The calculations below outline how an intrinsic value for Odfjell Drilling 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:ODL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 15.06%)
2020 196.20 Analyst x5 170.52
2021 232.40 Analyst x5 175.54
2022 258.92 Est @ 11.41% 169.98
2023 280.98 Est @ 8.52% 160.31
2024 299.21 Est @ 6.49% 148.37
2025 314.39 Est @ 5.07% 135.49
2026 327.21 Est @ 4.08% 122.56
2027 338.27 Est @ 3.38% 110.12
2028 348.07 Est @ 2.9% 98.48
2029 356.96 Est @ 2.55% 87.78
Present value of next 10 years cash flows $1,379.00
OB:ODL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $356.96 × (1 + 1.76%) ÷ (15.06% – 1.76%)
$2,731.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,731.15 ÷ (1 + 15.06%)10
$671.59
OB:ODL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,379.00 + $671.59
$2,050.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,050.59 / 236.78
$8.66
OB:ODL Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:ODL)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $8.66 x 8.977
NOK77.75
Value per share (NOK) From above. NOK77.75
Current discount Discount to share price of NOK29.94
= -1 x (NOK29.94 - NOK77.75) / NOK77.75
61.5%

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

Current Discount
Amount off the current price Odfjell Drilling is available for.
Intrinsic value
>50%
Share price is NOK29.94 vs Future cash flow value of NOK77.75
Current Discount Checks
For Odfjell Drilling to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Odfjell Drilling's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Odfjell Drilling'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 Odfjell Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Odfjell Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:ODL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.12
OB:ODL Share Price ** OB (2019-09-19) in NOK NOK29.94
OB:ODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $3.34
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 Odfjell Drilling.

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

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

= 3.34 ÷ 0.12

26.97x

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

  • Odfjell Drilling is overvalued based on earnings compared to the NO Energy Services industry average.
  • Odfjell Drilling is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Odfjell Drilling's expected growth come at a high price?
Raw Data
OB:ODL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
54.6%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 .

OB:ODL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.97x ÷ 54.6%

0.49x

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

  • Odfjell Drilling is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Odfjell Drilling's assets?
Raw Data
OB:ODL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $4.37
OB:ODL Share Price * OB (2019-09-19) in NOK NOK29.94
OB:ODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $3.34
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:ODL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.34 ÷ 4.37

0.76x

* Primary Listing of Odfjell Drilling.

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

  • Odfjell Drilling is overvalued based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Odfjell Drilling'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. Odfjell Drilling 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.

ODL Future Performance

 How is Odfjell Drilling expected to perform in the next 1 to 3 years based on estimates from 7 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
54.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Odfjell Drilling expected to grow at an attractive rate?
  • Odfjell Drilling's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Odfjell Drilling's earnings growth is expected to exceed the Norway market average.
  • Odfjell Drilling's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:ODL Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:ODL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 54.6%
OB:ODL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.3%
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:ODL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:ODL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 878 1
2021-12-31 866 270 95 7
2020-12-31 861 262 74 7
2019-12-31 796 175 29 7
2019-09-19
OB:ODL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 737 225 29
2019-03-31 725 213 38
2018-12-31 698 221 23
2018-09-30 702 177 20
2018-06-30 699 183 32
2018-03-31 689 181 36
2017-12-31 662 166 35
2017-09-30 640 174 -53
2017-06-30 629 181 -50
2017-03-31 647 165 -52
2016-12-31 657 199 -64
2016-09-30 688 183 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Odfjell Drilling's earnings are expected to grow significantly at over 20% yearly.
  • Odfjell Drilling's revenue is expected to grow by 4.3% 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:ODL 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 7 Analyst Estimates (S&P Global) See Below

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

OB:ODL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.54 0.54 0.54 1.00
2021-12-31 0.40 0.52 0.29 7.00
2020-12-31 0.31 0.40 0.26 6.00
2019-12-31 0.12 0.18 0.06 5.00
2019-09-19
OB:ODL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.12
2019-03-31 0.16
2018-12-31 0.10
2018-09-30 0.09
2018-06-30 0.15
2018-03-31 0.18
2017-12-31 0.18
2017-09-30 -0.25
2017-06-30 -0.26
2017-03-31 -0.26
2016-12-31 -0.32
2016-09-30 0.27

*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.
  • Odfjell Drilling is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Odfjell Drilling'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.
Odfjell Drilling has a total score of 3/6, 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.

ODL Past Performance

  How has Odfjell Drilling 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 Odfjell Drilling'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.
  • Odfjell Drilling has delivered over 20% year on year earnings growth in the past 5 years.
  • Odfjell Drilling's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Odfjell Drilling's 1-year earnings growth is negative, it can't be compared to the NO Energy Services industry average.
Earnings and Revenue History
Odfjell Drilling'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 Odfjell Drilling Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ODL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 736.62 29.29 308.04
2019-03-31 725.05 37.78 305.94
2018-12-31 698.48 22.93 315.52
2018-09-30 701.53 20.20 307.97
2018-06-30 698.79 31.51 307.86
2018-03-31 688.61 36.04 294.07
2017-12-31 662.16 35.35 271.77
2017-09-30 640.34 -53.37 233.03
2017-06-30 629.06 -50.01 211.04
2017-03-31 647.32 -52.22 221.24
2016-12-31 657.39 -63.69 232.56
2016-09-30 687.57 49.86 261.27
2016-06-30 741.97 -123.42 296.68
2016-03-31 845.24 -356.13 347.38
2015-12-31 926.83 -319.43 381.74
2015-09-30 1,015.49 -385.10 421.71
2015-06-30 1,068.70 -215.55 467.37
2015-03-31 1,054.46 37.25 472.59
2014-12-31 1,087.96 42.46 501.19
2014-09-30 1,109.11 94.20 530.99
2014-06-30 1,133.86 108.10 540.01
2014-03-31 1,150.90 70.07 543.64
2013-12-31 1,173.61 67.29 547.04
2013-09-30 1,173.21 74.13 538.13
2013-06-30 1,153.82 76.01 516.29
2013-03-31 1,127.38 103.97 504.64
2012-12-31 1,093.75 102.55 486.18

*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.
  • Odfjell Drilling has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Odfjell Drilling used its assets less efficiently than the NO Energy Services industry average last year based on Return on Assets.
  • Odfjell Drilling's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Odfjell Drilling'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.
Odfjell Drilling has a total score of 1/6, 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.

ODL Health

 How is Odfjell Drilling'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 Odfjell Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Odfjell Drilling's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Odfjell Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Odfjell Drilling'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 0.2x 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 Odfjell Drilling Company Filings, last reported 2 months ago.

OB:ODL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,034.64 1,434.92 178.87
2019-03-31 1,034.79 1,442.20 190.83
2018-12-31 1,023.67 1,094.80 174.76
2018-09-30 1,015.21 1,155.06 183.62
2018-06-30 1,004.95 1,167.27 181.15
2018-03-31 769.04 1,224.12 194.06
2017-12-31 767.06 1,233.58 166.07
2017-09-30 756.58 1,294.68 183.35
2017-06-30 730.76 1,319.28 153.91
2017-03-31 716.10 1,388.65 173.81
2016-12-31 722.09 1,412.34 181.62
2016-09-30 804.16 1,465.87 189.35
2016-06-30 783.10 1,482.04 165.71
2016-03-31 932.54 1,564.45 216.74
2015-12-31 791.52 1,597.78 201.63
2015-09-30 905.55 1,678.80 273.04
2015-06-30 900.12 1,710.25 212.44
2015-03-31 1,125.34 1,790.34 249.11
2014-12-31 1,115.87 1,712.69 191.20
2014-09-30 1,182.65 1,211.61 148.59
2014-06-30 1,171.82 1,248.53 195.13
2014-03-31 1,145.41 1,254.17 221.26
2013-12-31 1,130.35 1,288.73 200.90
2013-09-30 1,118.06 1,342.58 250.05
2013-06-30 1,083.55 1,358.59 245.19
2013-03-31 1,154.30 1,380.77 200.64
2012-12-31 1,154.30 1,380.77 200.64
  • Odfjell Drilling's level of debt (138.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (106.5% vs 138.7% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Odfjell Drilling'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. Odfjell Drilling has a total score of 0/6, 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.

ODL Dividends

 What is Odfjell Drilling'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 Odfjell Drilling dividends. Estimated to be 0.13% next year.
If you bought NOK2,000 of Odfjell Drilling 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 Odfjell Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Odfjell Drilling'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:ODL 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 7 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:ODL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.01 6.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00
2019-09-19
OB:ODL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-11-25 0.000 0.000
2015-08-26 0.000 0.000
2015-07-15 0.000 0.000
2015-05-22 0.000 0.000
2015-04-30 0.000 0.000
2015-02-25 0.000 0.000
2014-04-01 0.050 1.731
2014-02-28 0.050 0.846

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

  • Unable to perform a dividend volatility check as Odfjell Drilling has not reported any payouts.
  • Unable to verify if Odfjell Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Odfjell Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Odfjell Drilling has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Odfjell Drilling's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Odfjell Drilling'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 Odfjell Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Odfjell Drilling 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.

ODL Management

 What is the CEO of Odfjell Drilling'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
Simen Lieungh
COMPENSATION $1,005,000
AGE 59
TENURE AS CEO 9.7 years
CEO Bio

Mr. Simen Lieungh is Director at Multiconsult ASA since April 25, 2019. He has been the Chief Executive Officer and President of Odfjell Drilling AS since October 1, 2010 and Odfjell Drilling Ltd. since 2010. Mr. Lieungh served in various management positions in the oil and gas industry. Mr. Lieungh served as the Chief Executive Officer and President of Aker Kvaerner Subsea AS since March 2008. He has led large-scale offshore projects and has extensive contacts in the industry and also managed and developed enterprises in Norway and abroad. He served as an Executive Vice President of Aker Maritime ASA. He served as Chief Executive Officer and President at Akastor ASA from March 2008 to June 2010 and its Executive Vice President - Field Development Europe from 2002 to September 2007. Mr. Lieungh served as the Chief Executive Officer and President of Aker Solutions ASA at Aker ASA from March 2008 to June 16, 2010. He joined Aker Solutions in 1988 and has over 20 years of experience with large field development projects, covering all phases from conceptual studies to completion and delivery of complete installations. Mr. Lieungh served as Managing Director of Arne Blystad AS from October 2007 to February 2008. He served as an Executive Vice President of Field Development Europe for Aker Solutions ASA from 2002 to September 1, 2007. He served as Research Scientist with the Norwegian Defense Research Establishment. He served as a Director of Golden Close Maritime Corporation Ltd. He served as a Director of AKOFS Offshore AS, Aker Clean Carbon AS and Aker Oilfield Services AS. He holds a M.Sc. in Mechanical Engineering from the University of Trondheim.

CEO Compensation
  • Simen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Simen's remuneration is higher than average for companies of similar size in Norway.
Management Team

Simen Lieungh

TITLE
CEO & President
COMPENSATION
$1M
AGE
59
TENURE
9.7 yrs

Atle Sæbø

TITLE
CFO & Executive VP
COMPENSATION
$540K
AGE
63

Eirik Knudsen

TITLE
VP of Corporate Finance & Investor Relations

Per Lund

TITLE
Chief Technology Officer - Digital Transformation

Bengt Olsen

TITLE
Senior Vice President of Communication & Information
AGE
63

Jone Torstensen

TITLE
Chief of Staff & Executive VP
AGE
58

Kurt Fjell

TITLE
Executive Vice President of Odfjell Drilling Technology

Ole Maier

TITLE
Executive Vice President of Platform Drilling & Technology
AGE
52

Janike Myre

TITLE
Senior Vice President of QHSE
AGE
57

Kjetil Gjersdal

TITLE
Executive Vice President of Mobile Drilling Units
AGE
49
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure of the Odfjell Drilling board of directors in years:

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

Helene Odfjell

TITLE
Chairman of the Board
AGE
54

Susanne Munch Thore

TITLE
Director
AGE
59
TENURE
1.3 yrs

Alasdair Shiach

TITLE
Director
TENURE
0.8 yrs

Thomas Marsoner

TITLE
Director
TENURE
0.8 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)
04. Dec 18 Buy Susanne Munch Thore Individual 04. Dec 18 04. Dec 18 3,000 NOK28.50 NOK85,500
X
Management checks
We assess Odfjell Drilling'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. Odfjell Drilling 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.

ODL News

Simply Wall St News

What Do Investors Need To Know About Odfjell Drilling Ltd.'s (OB:ODL) Future?

(OB:ODL) released its earnings in March 2019, analyst consensus outlook appear pessimistic, with earnings expected to decline by 17% in the upcoming year relative to the past 5-year average growth rate of 11%. … See our latest analysis for Odfjell Drilling Can we expect Odfjell Drilling to keep growing? … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line.

Simply Wall St -

How Good Is Odfjell Drilling Ltd. (OB:ODL) At Creating Shareholder Value?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Odfjell Drilling: 0.064 = US$111m ÷ (US$2.7b - US$944m) (Based on the trailing twelve months to March 2019.) Therefore, Odfjell Drilling has an ROCE of 6.4%. … What Are Current Liabilities, And How Do They Affect Odfjell Drilling's ROCE? … Odfjell Drilling's ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Is Odfjell Drilling Ltd.'s (OB:ODL) High P/E Ratio A Problem For Investors?

The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Odfjell Drilling: P/E of 18.18 = $2.96 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.16 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Odfjell Drilling's P/E Ratio Odfjell Drilling has a P/E of 18.2. … With meaningful debt and a lack of recent earnings growth, the market has high expectations that the business will earn more in the future.

Simply Wall St -

What You Must Know About Odfjell Drilling Ltd.'s (OB:ODL) Beta Value

Beta can be a useful tool to understand how much a stock is influenced 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. … What this means for you: Since Odfjell Drilling 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 -

What Did Odfjell Drilling Ltd.'s (OB:ODL) CEO Take Home Last Year?

See our latest analysis for Odfjell Drilling How Does Simen Lieungh's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from US$400m to US$1.6b, and discovered that the median CEO total compensation of that group was US$590k. … Thus we can conclude that Simen Lieungh receives more in total compensation than the median of a group of companies in the same market, and of similar size to Odfjell Drilling Ltd..

Simply Wall St -

Introducing Odfjell Drilling (OB:ODL), The Stock That Soared 499% In The Last Three Years

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Odfjell Drilling moved from a loss to profitability. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

Is Odfjell Drilling Ltd.’s (OB:ODL) Return On Capital Employed Any Good?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Odfjell Drilling Ltd.'s (OB:ODL) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Odfjell Drilling Ltd. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Should We Worry About Odfjell Drilling Ltd.'s (OB:ODL) P/E Ratio?

Odfjell Drilling has a price to earnings ratio of 32.24, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 32.24 = $3.32 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.10

Simply Wall St -

Do Directors Own Odfjell Drilling Ltd. (OB:ODL) Shares?

The big shareholder groups in Odfjell Drilling Ltd. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

ODL Company Info

Description

Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. The company operates through three segments: Mobile Offshore Drilling Units, Drilling & Technology, and Well Services. It operates drilling units and offers management services to owners of semisubmersibles, drillships, and jack-up; and project management and follow-up during construction, management of regulatory requirements, marketing and client relations, preparations for operation, and drilling operations. The company also provides integrated drilling services, such as onshore support, production drilling and completion, well maintenance, plugging and abandonment, facility maintenance planning, and project management for maintenance and modifications; and onceptual engineering and engineering design, compliance assurance and maintenance management, marine and operational support, and rig inspection services, as well as construction and commissioning support, modifications, and upgrades. In addition, it provides well services to the oil industry, including casing and tubular running, drill tool and tubular rental, well intervention, and wellbore cleaning services. The company was founded in 1914 and is headquartered in Aberdeen, the United Kingdom. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd.

Details
Name: Odfjell Drilling Ltd.
ODL
Exchange: OB
Founded: 1914
NOK7,089,289,067
236,783,202
Website: http://www.odfjelldrilling.com
Address: Odfjell Drilling Ltd.
Bergen House,
Crawpeel Road,
Aberdeen,
Aberdeenshire, AB12 3LG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ODL Share Capital Oslo Bors NO NOK 27. Sep 2013
DB OD3 Share Capital Deutsche Boerse AG DE EUR 27. Sep 2013
LSE 0QHX Share Capital London Stock Exchange GB NOK 27. Sep 2013
BATS-CHIXE ODLO Share Capital BATS 'Chi-X Europe' GB NOK 27. Sep 2013
Number of employees
Current staff
Staff numbers
2,440
Odfjell Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:23
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/18
Last earnings filing: 2019/08/29
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.