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Prosafe

OB:PRS
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRS
OB
NOK819M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Prosafe has significant price volatility in the past 3 months.
PRS Share Price and Events
7 Day Returns
9.8%
OB:PRS
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-64.8%
OB:PRS
-32.6%
NO Energy Services
-8.3%
NO Market
PRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosafe (PRS) 9.8% -1.9% -13% -64.8% -82.1% -99.7%
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
  • PRS underperformed the Energy Services industry which returned -32.6% over the past year.
  • PRS underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
PRS
Industry
5yr Volatility vs Market

Value

 Is Prosafe 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 Prosafe 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 Prosafe.

OB:PRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
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:PRS
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%) (1365.77%))
8.686
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 * 5.96%)
13.68%

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

The calculations below outline how an intrinsic value for Prosafe 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:PRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.68%)
2020 -15.35 Analyst x2 -13.50
2021 20.87 Analyst x3 16.15
2022 24.80 Est @ 18.84% 16.88
2023 28.20 Est @ 13.71% 16.88
2024 31.05 Est @ 10.13% 16.36
2025 33.42 Est @ 7.62% 15.48
2026 35.38 Est @ 5.86% 14.42
2027 37.02 Est @ 4.63% 13.27
2028 38.41 Est @ 3.77% 12.11
2029 39.63 Est @ 3.17% 10.99
Present value of next 10 years cash flows $119.00
OB:PRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $39.63 × (1 + 1.76%) ÷ (13.68% – 1.76%)
$338.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $338.30 ÷ (1 + 13.68%)10
$93.86
OB:PRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $119.00 + $93.86
$212.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $212.86 / 81.86
$2.6
OB:PRS Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:PRS)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $2.6 x 8.977
NOK23.34
Value per share (NOK) From above. NOK23.34
Current discount Discount to share price of NOK10.01
= -1 x (NOK10.01 - NOK23.34) / NOK23.34
57.1%

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

Current Discount
Amount off the current price Prosafe is available for.
Intrinsic value
>50%
Share price is NOK10.01 vs Future cash flow value of NOK23.34
Current Discount Checks
For Prosafe to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prosafe's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prosafe'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 Prosafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosafe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:PRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-1.79
OB:PRS Share Price ** OB (2019-09-19) in NOK NOK10.01
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $1.11
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 Prosafe.

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

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

= 1.11 ÷ -1.79

-0.62x

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

  • Prosafe is loss making, we can't compare its value to the NO Energy Services industry average.
  • Prosafe is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Prosafe's expected growth come at a high price?
Raw Data
OB:PRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.2%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 Prosafe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prosafe's assets?
Raw Data
OB:PRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $3.57
OB:PRS Share Price * OB (2019-09-19) in NOK NOK10.01
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $1.11
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:PRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.11 ÷ 3.57

0.31x

* Primary Listing of Prosafe.

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

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

Future Performance

 How is Prosafe expected to perform in the next 1 to 3 years based on estimates from 3 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
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosafe expected to grow at an attractive rate?
  • Unable to compare Prosafe's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Prosafe's earnings growth to the Norway market average as it is expected to be loss making during the next 1-3 years.
  • Prosafe's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:PRS Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:PRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.2%
OB:PRS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.6%
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:PRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:PRS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 307 80 -94 3
2020-12-31 278 86 -77 3
2019-12-31 246 -1 -92 1
2019-09-19
OB:PRS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 288 85 -164
2019-03-31 313 110 -159
2018-12-31 329 147 -115
2018-09-30 332 166 -49
2018-06-30 328 158 -572
2018-03-31 289 134 -612
2017-12-31 282 156 -647
2017-09-30 269 179 -720
2017-06-30 329 241 117
2017-03-31 383 266 155
2016-12-31 410 186 173
2016-09-30 408 150 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosafe is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Prosafe's revenue is expected to grow by 5.6% 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:PRS 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 3 Analyst Estimates (S&P Global) See Below

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

OB:PRS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -1.07 -1.00 -1.13 2.00
2020-12-31 -0.88 -0.34 -1.28 3.00
2019-12-31 -1.04 -1.04 -1.04 1.00
2019-09-19
OB:PRS Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -1.79
2019-03-31 -1.80
2018-12-31 -1.30
2018-09-30 -0.62
2018-06-30 -7.47
2018-03-31 -8.01
2017-12-31 -8.98
2017-09-30 -10.32
2017-06-30 2.13
2017-03-31 4.10
2016-12-31 8.36
2016-09-30 12.35

*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 Prosafe will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Prosafe'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.
Prosafe has a total score of 1/6, 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 Prosafe 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 Prosafe'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.
  • Prosafe does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Prosafe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Prosafe's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Prosafe'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 Prosafe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:PRS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 288.20 -163.90 72.00
2019-03-31 313.20 -158.60 72.00
2018-12-31 328.70 -114.50 72.00
2018-09-30 332.30 -48.70 71.40
2018-06-30 327.60 -571.70 71.40
2018-03-31 289.00 -612.10 71.40
2017-12-31 281.90 -647.10 71.40
2017-09-30 268.50 -719.80 86.70
2017-06-30 329.40 117.10 86.70
2017-03-31 383.10 155.30 86.70
2016-12-31 410.40 172.60 86.70
2016-09-30 408.20 62.30 93.10
2016-06-30 432.50 -86.40 93.10
2016-03-31 409.60 -79.40 93.10
2015-12-31 430.80 -50.60 93.10
2015-09-30 466.20 143.40 103.00
2015-06-30 481.60 157.60 103.00
2015-03-31 522.50 187.50 103.00
2014-12-31 490.00 178.80 103.00
2014-09-30 484.20 187.50 93.10
2014-06-30 474.10 205.30 93.10
2014-03-31 484.20 218.10 93.10
2013-12-31 478.30 199.10 93.10
2013-09-30 497.00 181.70 91.80
2013-06-30 479.90 148.30 91.80
2013-03-31 465.70 129.30 91.80
2012-12-31 505.60 177.50 91.80
2012-09-30 519.00 171.70 87.90

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosafe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prosafe's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prosafe'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 0.1x 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 Prosafe Company Filings, last reported 2 months ago.

OB:PRS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 374.40 1,246.20 120.50
2019-03-31 372.40 1,214.90 109.30
2018-12-31 400.20 1,259.10 131.50
2018-09-30 423.10 1,390.00 266.10
2018-06-30 496.30 1,344.60 274.60
2018-03-31 486.50 1,343.30 254.00
2017-12-31 497.60 1,387.10 226.60
2017-09-30 455.60 1,347.60 207.80
2017-06-30 1,085.30 1,353.60 218.80
2017-03-31 1,114.20 1,384.20 250.60
2016-12-31 1,129.50 1,442.10 205.50
2016-09-30 1,077.00 1,426.30 183.40
2016-06-30 678.50 1,716.70 68.20
2016-03-31 682.50 1,721.70 71.00
2015-12-31 715.20 1,295.50 56.90
2015-09-30 777.10 1,307.90 85.20
2015-06-30 760.60 1,218.60 94.90
2015-03-31 745.10 1,128.80 151.40
2014-12-31 748.50 869.10 122.20
2014-09-30 726.60 919.40 145.60
2014-06-30 690.60 876.60 77.40
2014-03-31 701.50 786.50 57.60
2013-12-31 739.70 780.50 113.30
2013-09-30 705.70 731.70 118.00
2013-06-30 660.60 729.80 78.50
2013-03-31 612.80 689.60 81.50
2012-12-31 516.30 846.70 118.10
2012-09-30 500.40 764.70 103.20
  • Prosafe's level of debt (332.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (126.9% vs 332.9% 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 Prosafe has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Prosafe has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -79.7% per year.
X
Financial health checks
We assess Prosafe'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. Prosafe has a total score of 3/6, 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 Prosafe'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 Prosafe dividends. Estimated to be 0% next year.
If you bought NOK2,000 of Prosafe 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 Prosafe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prosafe'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:PRS 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 3 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:PRS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 3.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00
2019-09-19
OB:PRS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-02 0.000 0.000
2017-08-24 0.000 0.000
2017-05-11 0.000 0.000
2017-04-06 0.000 0.000
2017-02-09 0.000 0.000
2016-08-24 0.000 0.000
2016-05-12 0.000 0.000
2016-04-27 0.000 0.000
2016-02-04 0.000 0.000
2015-04-14 53.300 19.407
2015-02-09 53.300 17.540
2014-08-21 64.000 16.273
2014-05-28 64.000 8.154
2014-02-10 64.000 8.128
2013-11-07 60.000 8.176
2013-08-22 60.000 7.013
2013-05-14 60.000 6.305
2013-02-08 60.000 6.123
2012-08-23 53.200 6.299
2012-05-23 53.200 7.501
2012-03-01 49.266 6.590
2011-11-02 30.969 4.274
2011-08-25 30.000 4.557
2011-05-25 29.265 4.275
2011-04-28 28.500 3.791
2011-02-17 28.500 3.810
2010-11-04 28.500 3.912
2010-08-26 18.564 3.347
2010-05-12 34.699 8.079
2010-04-19 23.301 4.258
2010-02-18 23.301 4.402
2009-11-05 22.528 4.056
2009-08-27 23.029 4.569
2009-05-15 9.140 1.883
2008-11-06 0.000 0.000

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

  • Unable to perform a dividend volatility check as Prosafe has not reported any payouts.
  • Unable to verify if Prosafe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prosafe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prosafe has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Prosafe's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Prosafe'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 Prosafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosafe 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 Prosafe'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
Jesper Andresen
COMPENSATION $905,000
AGE 45
TENURE AS CEO 2.6 years
CEO Bio

Mr. Jesper Kragh Andresen has been the Chief Executive Officer at Prosafe SE since February 08, 2017. Mr. Andresen has been the Chief Executive Officer of Axis Offshore Pte. Ltd. since 2012. Mr. Andresen has been Chief Executive Officer of Prosafe Management AS since March 1, 2017. He served as the President of Lauritzen Offshore A/S at J. Lauritzen A/S. He served as Managing Director of Lauritzen Offshore Singapore at J. Lauritzen A/S. He has been a Director of Axis Offshore Pte. Ltd. since May 3, 2012. Mr. Andresen holds an Executive MBA from INSEAD, France/Singapore and a Masters degree in law from University of Copenhagen.

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

Average tenure and age of the Prosafe management team in years:

4.1
Average Tenure
46
Average Age
  • The tenure for the Prosafe management team is about average.
Management Team

Jesper Andresen

TITLE
Chief Executive Officer
COMPENSATION
$905K
AGE
45
TENURE
2.6 yrs

Stig Christiansen

TITLE
Deputy CEO & CFO
COMPENSATION
$775K
AGE
51
TENURE
4.1 yrs

Ryan Stewart

TITLE
Chief Commercial Officer
COMPENSATION
$562K
AGE
46

Cecilie Ouff

TITLE
Senior Manager of Finance & Investor Relations
TENURE
6.3 yrs

Elena Hajiroussou

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Prosafe board of directors in years:

2.3
Average Tenure
55
Average Age
  • The average tenure for the Prosafe board of directors is less than 3 years, this suggests a new board.
Board of Directors

Glen Rødland

TITLE
Non-Executive Chairman
COMPENSATION
$144K
AGE
55
TENURE
3.3 yrs

Svend Maier

TITLE
Non-Executive Director
COMPENSATION
$96K
AGE
54
TENURE
2.8 yrs

Kristian Johansen

TITLE
Non-Executive Director
COMPENSATION
$96K
AGE
48
TENURE
2.3 yrs

Birgit Aagaard-Svendsen

TITLE
Non-Executive Director
COMPENSATION
$107K
AGE
63
TENURE
2.3 yrs

Nina Tronstad

TITLE
Non-Executive Director
AGE
60
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Prosafe individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
17. Sep 19 Buy Stig Christiansen Individual 17. Sep 19 17. Sep 19 27,500 NOK9.98 NOK274,530
17. Sep 19 Buy Jesper Andresen Individual 17. Sep 19 17. Sep 19 51,591 NOK9.60 NOK495,377
X
Management checks
We assess Prosafe'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. Prosafe 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

Here's Why Prosafe (OB:PRS) Has A Meaningful Debt Burden

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. … When we examine debt levels, we first consider both cash and debt levels, together. … Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it.

Simply Wall St -

Could Prosafe SE's (OB:PRS) Investor Composition Influence The Stock Price?

Prosafe is a smaller company with a market capitalization of øre987m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of Prosafe The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 9.0%, of the company's shares.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Prosafe SE (OB:PRS)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Could The Prosafe SE (OB:PRS) Ownership Structure Tell Us Something Useful?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Prosafe is a smaller company with a market capitalization of øre1.3b, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Much Are Prosafe SE (OB:PRS) Insiders Spending On Buying Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. … Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So shareholders might well want to know whether insiders have been buying or selling shares in Prosafe SE (OB:PRS).

Simply Wall St -

Why Prosafe SE's (OB:PRS) Investor Composition Impacts Your Returns

Ownership structure of a company has been found to affect share performance over time. … This size of ownership, while considerably large for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … Thus, investors should dig deeper into PRS's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

How Does Investing In Prosafe SE (OB:PRS) Impact Your Portfolio?

Generally, an investor should consider two types of risk that impact the market value of PRS. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … How PRS's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What Is The Future Prospect For Oil & Gas And Prosafe SE (OB:PRS)?

OB:PRS Past Future Earnings Apr 6th 18 Over the past couple of years, the energy sector delivered a disappointing 40% negative growth rate, driven by the oil price collapse. … Only now has the sector begun to emerge from its turmoil, and in the previous year, the industry saw growth of over 100%, beating the NO market growth of 4.21%. … If Prosafe has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the energy industry.

Simply Wall St -

Is Prosafe SE (OB:PRS) A Financially Sound Company?

On top of this, PRS has generated US$156.10M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 11.58%, indicating that PRS’s debt is not appropriately covered by operating cash. … Looking at PRS’s most recent US$97.90M liabilities, the company has been able to meet these commitments with a current assets level of US$284.10M, leading to a 2.9x current account ratio. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: PRS’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Is There Now An Opportunity In Prosafe SE (OB:PRS)?

Prosafe SE (OB:PRS), an energy company based in Cyprus, saw a significant share price rise of over 20% in the past couple of months on the OB. … According to my valuation model, Prosafe seems to be fairly priced at around 7.24% below my intrinsic value, which means if you buy Prosafe today, you’d be paying a fair price for it. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Company Info

Description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. Its accommodation vessels are used for accommodation, engineering, construction, or storage capacity offshore. The company is also involved in the maintenance and modification of installations on fields in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning activities. It owns and operates a fleet of nine vessels consisting of eight semi-submersible accommodation vessels and one tender support vessel. The company primarily serves oil and gas operating companies. Prosafe SE was founded in 1972 and is based in Stavanger, Norway.

Details
Name: Prosafe SE
PRS
Exchange: OB
Founded: 1972
NOK819,133,305
81,864,212
Website: http://www.prosafe.com
Address: Prosafe SE
Forusparken 2,
PO Box 39 Forus,
Stavanger,
Rogaland, 4064,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PRS Ordinary Shares Oslo Bors NO NOK 24. Apr 1997
OTCPK PRSE.F Ordinary Shares Pink Sheets LLC US USD 24. Apr 1997
DB 1Q6 Ordinary Shares Deutsche Boerse AG DE EUR 24. Apr 1997
BATS-CHIXE PRSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 24. Apr 1997
OTCPK PRSE.Y UNSPONSORED ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
417
Prosafe 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 20:53
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/17
Last earnings filing: 2019/08/22
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.