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Siem Offshore

OB:SIOFF
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIOFF
OB
NOK1B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Siem Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. The last earnings update was 27 days ago. More info.


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  • Siem Offshore has significant price volatility in the past 3 months.
SIOFF Share Price and Events
7 Day Returns
3.2%
OB:SIOFF
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-29.9%
OB:SIOFF
-32.6%
NO Energy Services
-8.3%
NO Market
SIOFF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Siem Offshore (SIOFF) 3.2% -3% -16.2% -29.9% -35.5% -79.2%
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
  • SIOFF outperformed the Energy Services industry which returned -32.6% over the past year.
  • SIOFF underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SIOFF
Industry
5yr Volatility vs Market

SIOFF Value

 Is Siem Offshore 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
  • It is not possible to calculate the future cash flow value for Siem Offshore. This is due to cash flow or dividend data being unavailable. The share price is NOK1.29.
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 Siem Offshore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Siem Offshore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SIOFF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.09
OB:SIOFF Share Price ** OB (2019-09-19) in NOK NOK1.29
OB:SIOFF Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.14
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 Siem Offshore.

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

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

= 0.14 ÷ -0.09

-1.54x

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

  • Siem Offshore is loss making, we can't compare its value to the NO Energy Services industry average.
  • Siem Offshore is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Siem Offshore's expected growth come at a high price?
Raw Data
OB:SIOFF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Siem Offshore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Siem Offshore's assets?
Raw Data
OB:SIOFF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.44
OB:SIOFF Share Price * OB (2019-09-19) in NOK NOK1.29
OB:SIOFF Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.14
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:SIOFF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.14 ÷ 0.44

0.33x

* Primary Listing of Siem Offshore.

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

  • Siem Offshore is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Siem Offshore'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. Siem Offshore has a total score of 1/6, 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.

SIOFF Future Performance

 How is Siem Offshore expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Siem Offshore has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
39.4%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Siem Offshore expected to grow at an attractive rate?
  • Unable to compare Siem Offshore's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Siem Offshore's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Siem Offshore's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:SIOFF Future Growth Rates Data Sources
Data Point Source Value (per year)
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:SIOFF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SIOFF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OB:SIOFF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 303 48 -88
2019-03-31 311 66 -67
2018-12-31 308 33 -71
2018-09-30 411 44 -103
2018-06-30 307 49 -92
2018-03-31 303 59 -169
2017-12-31 307 108 -160
2017-09-30 372 122 -213
2017-06-30 447 115 -215
2017-03-31 468 97 -148
2016-12-31 469 65 -142
2016-09-30 427 15 -121

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Siem Offshore is high growth as no earnings estimate data is available.
  • Unable to determine if Siem Offshore is high growth as no revenue estimate data is available.
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:SIOFF 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 0 Analyst Estimates (S&P Global) See Below

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

OB:SIOFF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OB:SIOFF Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.09
2019-03-31 -0.07
2018-12-31 -0.08
2018-09-30 -0.11
2018-06-30 -0.10
2018-03-31 -0.18
2017-12-31 -0.18
2017-09-30 -0.24
2017-06-30 -0.25
2017-03-31 -0.18
2016-12-31 -0.17
2016-09-30 -0.14

*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 Siem Offshore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SIOFF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Siem Offshore's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Siem Offshore's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Siem Offshore'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.
Siem Offshore has a total score of 0/6, 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.

SIOFF Past Performance

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

OB:SIOFF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 302.60 -87.97 -2.19
2019-03-31 311.19 -67.15 1.29
2018-12-31 307.74 -70.81 2.08
2018-09-30 410.52 -102.80 0.71
2018-06-30 306.90 -92.30 0.75
2018-03-31 303.28 -169.09 2.53
2017-12-31 306.91 -159.63 2.67
2017-09-30 372.03 -213.00 -0.91
2017-06-30 447.38 -214.72 2.08
2017-03-31 467.87 -147.87 2.94
2016-12-31 469.12 -142.44 3.04
2016-09-30 426.52 -121.20 -2.07
2016-06-30 342.34 -132.80 -3.30
2016-03-31 367.21 -170.07 -0.80
2015-12-31 422.45 -186.69 2.99
2015-09-30 447.60 -65.40 -3.37
2015-06-30 518.96 -37.98 1.11
2015-03-31 522.93 17.55 3.21
2014-12-31 491.31 58.15 4.02
2014-09-30 471.17 41.40 13.82
2014-06-30 414.46 45.30 12.12
2014-03-31 378.55 16.97 8.19
2013-12-31 363.96 22.00 8.76
2013-09-30 350.96 16.54 -0.15
2013-06-30 358.72 12.35 -0.29
2013-03-31 357.10 11.36 1.02
2012-12-31 368.21 16.58
2012-09-30 385.90 35.66 5.59

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

SIOFF Health

 How is Siem Offshore'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 Siem Offshore's finances.

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

OB:SIOFF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 431.56 1,091.04 66.32
2019-03-31 444.77 1,121.20 76.93
2018-12-31 466.09 1,143.62 66.41
2018-09-30 536.45 1,193.78 80.07
2018-06-30 536.79 1,215.84 89.83
2018-03-31 442.56 1,298.69 40.46
2017-12-31 473.61 1,368.35 65.03
2017-09-30 556.72 1,422.12 78.57
2017-06-30 564.95 1,420.61 73.15
2017-03-31 630.81 1,477.78 81.00
2016-12-31 647.99 1,547.32 101.32
2016-09-30 728.79 1,456.82 88.34
2016-06-30 651.89 1,401.35 80.05
2016-03-31 663.33 1,180.00 97.44
2015-12-31 665.51 1,212.61 148.86
2015-09-30 777.47 1,210.74 157.84
2015-06-30 719.37 1,181.84 74.53
2015-03-31 755.00 1,190.17 89.67
2014-12-31 823.65 1,307.09 117.62
2014-09-30 827.33 1,277.10 91.46
2014-06-30 833.12 1,239.04 129.49
2014-03-31 821.21 1,094.91 210.85
2013-12-31 793.89 1,007.49 101.21
2013-09-30 796.44 959.70 135.34
2013-06-30 771.42 897.21 196.46
2013-03-31 797.25 881.16 226.15
2012-12-31 786.40 862.52 107.07
2012-09-30 795.35 869.30 128.18
  • Siem Offshore's level of debt (252.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (148.8% vs 252.8% 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.

  • Whilst loss making Siem Offshore has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Siem Offshore has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -110.4% per year.
X
Financial health checks
We assess Siem Offshore'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. Siem Offshore has a total score of 2/6, 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.

SIOFF Dividends

 What is Siem Offshore'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 Siem Offshore dividends.
If you bought NOK2,000 of Siem Offshore 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 Siem Offshore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Siem Offshore'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:SIOFF 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 0 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:SIOFF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
OB:SIOFF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-10-29 0.000 0.000
2015-08-20 0.000 0.000
2015-05-20 0.000 0.000
2015-04-16 0.000 0.000
2014-05-05 0.012 2.482

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

  • Unable to perform a dividend volatility check as Siem Offshore has not reported any payouts.
  • Unable to verify if Siem Offshore's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Siem Offshore's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Siem Offshore has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Siem Offshore'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 Siem Offshore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Siem Offshore 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.

SIOFF Management

 What is the CEO of Siem Offshore'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
Bernt Omdal
COMPENSATION $513,000
AGE 53
TENURE AS CEO 2.3 years
CEO Bio

Mr. Bernt Omdal has been Chief Executive Officer of Siem Offshore Inc. since May 15, 2017. Mr. Omdal served as Chief Commercial Officer and Chartering Director at Siem Offshore Inc. until May 15, 2017. Mr. Omdal served as Head of Chartering of Siem Offshore Inc. Mr. Omdal served as Chartering Director of Siem Offshore Inc. since November 2008 and as its Acting Chief Commercial Officer. He has more than 20 years of experience within the maritime industry, including chartering, operations and shipbroking.

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

Average tenure and age of the Siem Offshore management team in years:

7.3
Average Tenure
53
Average Age
  • The average tenure for the Siem Offshore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bernt Omdal

TITLE
Chief Executive Officer
COMPENSATION
$513K
AGE
53
TENURE
2.3 yrs

Dagfinn Lie

TITLE
Chief Financial Officer
COMPENSATION
$419K
AGE
47
TENURE
10.7 yrs

Tore Lillesto

TITLE
Chief Operating Officer
COMPENSATION
$339K
AGE
45
TENURE
2.3 yrs

Tore Johannessen

TITLE
Global HR Director
COMPENSATION
$324K
AGE
64
TENURE
7.3 yrs

Peter Bengtsson

TITLE
Managing Director of Australia

Rachid Felix

TITLE
Chief Executive Officer of Siem Consub SA
AGE
66
TENURE
17.7 yrs

Monica Ribeiro

TITLE
Corporate Secretary of Brazil

Gro Wickstrøm

TITLE
Corporate Secretary of Norway

Lars Muck

TITLE
General Manager

Andreas Hageli

TITLE
Chartering Director
Board of Directors Tenure

Average tenure and age of the Siem Offshore board of directors in years:

5.3
Average Tenure
69
Average Age
  • The tenure for the Siem Offshore board of directors is about average.
Board of Directors

Kristian Siem

TITLE
Chairman of the Board
AGE
70
TENURE
0.1 yrs

Michael Delouche

TITLE
Director
AGE
62
TENURE
14.7 yrs

John Wallace

TITLE
Director
AGE
81
TENURE
7.3 yrs

Alex Monnas

TITLE
Director
AGE
68
TENURE
3.3 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 Siem Offshore'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. Siem Offshore 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.

SIOFF News

Simply Wall St News

Did You Manage To Avoid Siem Offshore's (OB:SIOFF) Devastating 83% Share Price Drop?

Over half a decade Siem Offshore reduced its trailing twelve month revenue by 6.2% for each year. … If a business loses money, you want it to grow, so no surprises that the share price has dropped 29% each year in that time. … We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize.

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Investors Who Bought Siem Offshore (OB:SIOFF) Shares Five Years Ago Are Now Down 83%

Check out our latest analysis for Siem Offshore Because Siem Offshore is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over half a decade Siem Offshore reduced its trailing twelve month revenue by 6.2% for each year. … You could get a better understanding of Siem Offshore's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

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Some Siem Offshore Shareholders Have Taken A Painful 83% Share Price Drop

Because Siem Offshore is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last five years Siem Offshore saw its revenue shrink by 2.4% per year. … The share price fall of 30% (per year, over five years) is a stern reminder that money-losing companies are expected to grow revenue.

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Siem Offshore Inc (OB:SIOFF) Is Expected To Breakeven

owns and operates offshore support vessels (OSVs) for the offshore energy service industry. … The company’s loss has recently broadened since it announced a -øre164.32m loss in the full financial year, compared to the latest trailing-twelve-month loss of -øre173.78m, moving it further away from breakeven … I’ve put together a brief outline of industry analyst expectations for SIOFF, its year of breakeven and its implied growth rate.

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Have Investors Priced In Siem Offshore Inc's (OB:SIOFF) Growth?

Siem Offshore Inc (OB:SIOFF), an energy company based in Norway, saw a double-digit share price rise of over 10% in the past couple of months on the OB. … What’s more interesting is that, Siem Offshore’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

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Where Siem Offshore Inc's (OB:SIOFF) Earnings Growth Stands Against Its Industry

For Siem Offshore, its most recent earnings (trailing twelve month) is -US$145.32M, which, relative to the prior year's figure, has become more negative. … OB:SIOFF Income Statement Apr 3rd 18 We can further evaluate Siem Offshore's loss by looking at what the industry has been experiencing over the past few years. … Though Siem Offshore's past data is helpful, it is only one aspect of my investment thesis.

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Are Siem Offshore Inc's (OB:SIOFF) Interest Costs Too High?

Over the past year, SIOFF has reduced its debt from US$1.55B to US$1.37B , which comprises of short- and long-term debt. … With this reduction in debt, the current cash and short-term investment levels stands at US$63.51M for investing into the business. … Additionally, SIOFF has produced cash from operations of US$107.63M during the same period of time, leading to an operating cash to total debt ratio of 7.87%, meaning that SIOFF’s debt is not appropriately covered by operating cash.

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SIOFF Company Info

Description

Siem Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. It operates platform supply vessels (PSVs); offshore subsea construction vessels (OSCVs); anchor-handling tug supply vessels (AHTS vessels); other vessels, including fast crew vessels, fast supply vessels, and oil spill recovery vessels; and scientific core-drilling and others. As of March 31, 2019, it had a fleet of 37 vessels, including 8 PSVs, 5 OSCVs, 10 AHTS, 2 well-intervention vessels, 6 Brazilian flagged vessels, and 5 Canadian flagged vessels comprising both AHTS vessels and PSVs. It operates in Norway, North Sea, the Arctic Ocean, Northern Pacific Ocean, West Africa, Australia, South East Asia, the United States, Canada, and Brazil. The company also provides submarine power cable installation services. The company was founded in 2005 and is headquartered in Kristiansand, Norway. Siem Offshore Inc. is a subsidiary of Siem Europe S.a r.l.

Details
Name: Siem Offshore Inc.
SIOFF
Exchange: OB
Founded: 2005
NOK1,215,207,580
942,021,380
Website: http://www.siemoffshore.com
Address: Siem Offshore Inc.
Nodeviga 14,
Kristiansand,
4610,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SIOFF Ordinary Shares Oslo Bors NO NOK 12. Aug 2005
DB S5H Ordinary Shares Deutsche Boerse AG DE EUR 12. Aug 2005
BATS-CHIXE SIOFFO Ordinary Shares BATS 'Chi-X Europe' GB NOK 12. Aug 2005
Number of employees
Current staff
Staff numbers
1,335
Siem Offshore 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 20:46
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2019/08/23
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.