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SeaBird Exploration

OB:SBX
Snowflake Description

Exceptional growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBX
OB
NOK411M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • SeaBird Exploration has significant price volatility in the past 3 months.
SBX Share Price and Events
7 Day Returns
1.7%
OB:SBX
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-58.8%
OB:SBX
-32.6%
NO Energy Services
-8.3%
NO Market
SBX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SeaBird Exploration (SBX) 1.7% 6.7% -36.6% -58.8% -99.1% -100%
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
  • SBX underperformed the Energy Services industry which returned -32.6% over the past year.
  • SBX underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SBX
Industry
5yr Volatility vs Market

Value

 Is SeaBird Exploration 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 SeaBird Exploration 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 SeaBird Exploration.

OB:SBX 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 8.5%
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:SBX
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- 12.5%) (10.58%))
1.123
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.123 * 5.96%)
8.45%

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

The calculations below outline how an intrinsic value for SeaBird Exploration 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:SBX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.45%)
2020 13.00 Analyst x2 11.99
2021 30.50 Analyst x2 25.93
2022 36.90 Analyst x1 28.93
2023 41.61 Est @ 12.77% 30.08
2024 45.55 Est @ 9.46% 30.36
2025 48.81 Est @ 7.15% 30.00
2026 51.51 Est @ 5.53% 29.19
2027 53.78 Est @ 4.4% 28.10
2028 55.72 Est @ 3.61% 26.85
2029 57.42 Est @ 3.05% 25.51
Present value of next 10 years cash flows $266.00
OB:SBX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $57.42 × (1 + 1.76%) ÷ (8.45% – 1.76%)
$873.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $873.20 ÷ (1 + 8.45%)10
$387.94
OB:SBX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $266.00 + $387.94
$653.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $653.94 / 538.93
$1.21
OB:SBX Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:SBX)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $1.21 x 8.977
NOK10.89
Value per share (NOK) From above. NOK10.89
Current discount Discount to share price of NOK0.76
= -1 x (NOK0.76 - NOK10.89) / NOK10.89
93%

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

Current Discount
Amount off the current price SeaBird Exploration is available for.
Intrinsic value
>50%
Share price is NOK0.76 vs Future cash flow value of NOK10.89
Current Discount Checks
For SeaBird Exploration to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SeaBird Exploration's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SeaBird Exploration'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 SeaBird Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SeaBird Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SBX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.03
OB:SBX Share Price ** OB (2019-09-19) in NOK NOK0.76
OB:SBX Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.08
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 SeaBird Exploration.

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

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

= 0.08 ÷ -0.03

-3x

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

  • SeaBird Exploration is loss making, we can't compare its value to the NO Energy Services industry average.
  • SeaBird Exploration is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does SeaBird Exploration's expected growth come at a high price?
Raw Data
OB:SBX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
76.2%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 SeaBird Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SeaBird Exploration's assets?
Raw Data
OB:SBX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.11
OB:SBX Share Price * OB (2019-09-19) in NOK NOK0.76
OB:SBX Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.08
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:SBX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.08 ÷ 0.11

0.76x

* Primary Listing of SeaBird Exploration.

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

  • SeaBird Exploration is overvalued based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess SeaBird Exploration'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. SeaBird Exploration has a total score of 2/6, 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 SeaBird Exploration 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
76.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SeaBird Exploration expected to grow at an attractive rate?
  • SeaBird Exploration's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • SeaBird Exploration's earnings growth is expected to exceed the Norway market average.
  • SeaBird Exploration's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SBX Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SBX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 76.2%
OB:SBX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 28.8%
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:SBX 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:SBX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 102 44 29 1
2021-12-31 101 43 31 2
2020-12-31 80 25 12 2
2019-12-31 50 -3 -13 1
2019-09-19
OB:SBX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 34 -8 -15
2019-03-31 27 -8 -12
2018-12-31 20 -11 -13
2018-09-30 19 -17 -14
2018-06-30 16 -16 -35
2018-03-31 15 -18 -43
2017-12-31 19 -18 -50
2017-09-30 17 -6 -52
2017-06-30 35 3 -29
2017-03-31 55 9 -18
2016-12-31 72 21 -8
2016-09-30 96 18 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SeaBird Exploration's earnings are expected to grow significantly at over 20% yearly.
  • SeaBird Exploration's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:SBX 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 SeaBird Exploration Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SBX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.05 0.05 0.05 1.00
2021-12-31 0.06 0.07 0.05 2.00
2020-12-31 0.02 0.03 0.01 2.00
2019-12-31 -0.02 -0.02 -0.02 1.00
2019-09-19
OB:SBX Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.03
2019-03-31 -0.04
2018-12-31 -0.06
2018-09-30 -0.05
2018-06-30 -0.17
2018-03-31 -0.39
2017-12-31 -1.84
2017-09-30 -46.17
2017-06-30 -94.45
2017-03-31 -57.58
2016-12-31 -26.10
2016-09-30 -24.60

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

OB:SBX 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 33.75 -15.28 9.76
2019-03-31 27.48 -12.33 10.45
2018-12-31 19.88 -12.91 9.83
2018-09-30 18.55 -14.09 10.31
2018-06-30 15.76 -35.43 13.40
2018-03-31 15.48 -42.97 14.92
2017-12-31 19.21 -49.87 16.53
2017-09-30 17.19 -51.91 18.98
2017-06-30 34.98 -28.92 14.08
2017-03-31 54.56 -17.68 14.01
2016-12-31 72.07 -8.00 14.92
2016-09-30 95.74 -7.57 21.49
2016-06-30 98.53 -6.29 25.96
2016-03-31 95.86 -23.20 28.81
2015-12-31 94.13 38.34 28.71
2015-09-30 95.11 -26.38 46.76
2015-06-30 94.61 -44.83 47.58
2015-03-31 119.77 -35.86 43.36
2014-12-31 129.27 -99.82 47.70
2014-09-30 139.90 -37.32 40.31
2014-06-30 168.11 -13.19 36.20
2014-03-31 160.99 -9.41 42.93
2013-12-31 177.27 -7.00 39.44
2013-09-30 173.45 -3.71 33.28
2013-06-30 167.98 -8.26 36.21
2013-03-31 179.08 -3.88 31.62
2012-12-31 163.33 -18.18 31.88
2012-09-30 152.87 -23.20 27.23

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SeaBird Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SeaBird Exploration's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SeaBird Exploration'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 7.2x 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 SeaBird Exploration Company Filings, last reported 2 months ago.

OB:SBX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 60.57 4.84 18.94
2019-03-31 37.11 5.10 4.28
2018-12-31 37.51 4.96 5.77
2018-09-30 41.07 4.84 28.71
2018-06-30 29.05 4.63 17.14
2018-03-31 14.69 4.39 3.17
2017-12-31 15.67 4.65 6.33
2017-09-30 7.89 4.58 1.49
2017-06-30 3.24 31.84 3.29
2017-03-31 14.40 31.08 8.78
2016-12-31 22.07 30.62 15.05
2016-09-30 28.88 30.41 11.82
2016-06-30 31.85 30.25 8.09
2016-03-31 31.77 30.13 10.09
2015-12-31 29.98 30.22 6.25
2015-09-30 36.41 33.69 5.43
2015-06-30 38.06 33.72 7.36
2015-03-31 54.88 33.44 15.93
2014-12-31 -40.92 97.17 6.97
2014-09-30 30.22 102.96 10.02
2014-06-30 50.33 97.73 12.56
2014-03-31 57.53 99.53 16.05
2013-12-31 57.67 89.97 12.16
2013-09-30 55.60 90.66 13.99
2013-06-30 51.53 100.70 13.75
2013-03-31 55.80 102.41 16.47
2012-12-31 52.80 88.99 14.74
2012-09-30 44.51 103.88 11.88
  • SeaBird Exploration's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (169.5% vs 8% 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.

  • SeaBird Exploration has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if SeaBird Exploration has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess SeaBird Exploration'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. SeaBird Exploration has a total score of 4/6, 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 SeaBird Exploration'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 SeaBird Exploration dividends. Estimated to be 26.47% next year.
If you bought NOK2,000 of SeaBird Exploration 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 SeaBird Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SeaBird Exploration'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:SBX 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:SBX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.05 1.00
2021-12-31 0.03 1.00
2020-12-31 0.01 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 SeaBird Exploration has not reported any payouts.
  • Unable to verify if SeaBird Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SeaBird Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SeaBird Exploration has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess SeaBird Exploration'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 SeaBird Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SeaBird Exploration has a total score of 1/6, 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 SeaBird Exploration'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
Hans Petter Klohs
AGE 52
TENURE AS CEO 1.3 years
CEO Bio

Mr. Hans Petter Amundsen Klohs has been Chief Executive Officer of SeaBird Exploration Plc since June 24, 2018. Mr. Klohs has been the Chief Executive Officer of Arrow Seismic since October 2005 and GC Rieber Shipping of GC Rieber AS since 2001. Mr. Klohs serves as an Executive at Carthea AS. He served as the Chief Financial Officer of Rocksource ASA since June 2, 2014 until August 31st 2015. He has long experience from shipping, financial risk management and financing. He served as the Acting Chief Executive Officer of GC Rieber Shipping ASA from August 2010 to March 2011. He has extensive senior executive management experience from Norwegian stock listed entities within both oil service and shipping, amongst other as Chief Financial Officer in GC Rieber Shipping ASA for more than 10 years until September 2011. He served as an Acting Chief Executive Officer of Rieber Shipping ASA from August 2010 to March 2011. He served as the Managing Director of Armada Seismic AS until September 16, 2011. He served as Finance Director of Rieber Shipping ASA. Mr. Klohs served with financial risk management in Nordea Bank ASA and Odfjell ASA. Mr. Klohs serves as the Chairman of Arrow UK companies and a Director of various companies within GC Rieber Shipping sphere. He served as a Non Executive Director of SeaBird Exploration PLC since May, 2015 until June 24, 2018. He served as a Director of Reef Subsea AS and Fish Pool ASA. He holds a BS in Economics and Business administration from Norwegian School of Management and an M Phil. in International Finance from University of Glasgow.

CEO Compensation
  • Insufficient data for Hans Petter to compare compensation growth.
  • Insufficient data for Hans Petter to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the SeaBird Exploration management team in years:

1.3
Average Tenure
  • The average tenure for the SeaBird Exploration management team is less than 2 years, this suggests a new team.
Management Team

Per Nils Haugestad

TITLE
Chief Financial Officer
TENURE
7.4 yrs

Hans Petter Klohs

TITLE
Chief Executive Officer
AGE
52
TENURE
1.3 yrs

Finn Hamre

TITLE
Chief Operating Officer
TENURE
1.3 yrs

Anil Duhirani

TITLE
Chief Accountant

Gunnar Jansen

TITLE
Chief Commercial Officer & Chief Legal Officer
TENURE
1.1 yrs

Øyvind Aasbø

TITLE
Chief Observer
AGE
69

Adam Montanios

TITLE
Secretary
Board of Directors Tenure

Average tenure of the SeaBird Exploration board of directors in years:

0.7
Average Tenure
  • The average tenure for the SeaBird Exploration board of directors is less than 3 years, this suggests a new board.
Board of Directors

Olav Haugland

TITLE
Chairman of the Board
AGE
53
TENURE
0.7 yrs

Heidar Engebret

TITLE
Director
TENURE
1.3 yrs

Sidsel Godal

TITLE
Director
TENURE
0.7 yrs

Nicholas Nunn

TITLE
Director
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)
X
Management checks
We assess SeaBird Exploration'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. SeaBird Exploration 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

Should You Be Concerned About SeaBird Exploration Plc's (OB:SBX) Shareholders?

I am going to take a deep dive into SeaBird Exploration Plc’s (OB:SBX) most recent ownership structure, not a frequent subject of discussion among individual investors. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices. … Therefore, it is beneficial for us to examine SBX's ownership structure in more detail.

Simply Wall St -

What Investors Should Know About SeaBird Exploration Plc's (OB:SBX) Financial Strength

SeaBird Exploration Plc (OB:SBX) is a small-cap stock with a market capitalization of US$438.64m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Should You Buy SeaBird Exploration Plc (OB:SBX)?

SeaBird Exploration Plc (OB:SBX), an energy company based in Cyprus, led the OB gainers with a relatively large price hike in the past couple of weeks. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Company Info

Description

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. The company offers 2D seismic, and 3D and 3D shallow water acquisition services; and operates source vessels that provide conventional undershoot, 4D repeat survey, wide azimuth, push reverse, long term charter and vessel management, and spot charter services. As of December 31, 2018, it had an active fleet of four vessels. The company was incorporated in 2000 and is headquartered in Limassol, Cyprus.

Details
Name: SeaBird Exploration Plc
SBX
Exchange: OB
Founded: 2000
NOK411,204,648
538,931,387
Website: http://www.sbexp.com
Address: SeaBird Exploration Plc
Matrix Tower II,
Spyrou Kyprianou 15,
Limassol,
4001,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SBX Ordinary Shares Oslo Bors NO NOK 11. Apr 2006
DB E36 Ordinary Shares Deutsche Boerse AG DE EUR 11. Apr 2006
LSE 0MO8 Ordinary Shares London Stock Exchange GB NOK 11. Apr 2006
BATS-CHIXE SBXO Ordinary Shares BATS 'Chi-X Europe' GB NOK 11. Apr 2006
Number of employees
Current staff
Staff numbers
325
SeaBird Exploration 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 20:47
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/19
Last earnings filing: 2019/08/15
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.