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Solstad Offshore

OB:SOFF
Snowflake Description

High growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOFF
OB
NOK219M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. The last earnings update was 22 days ago. More info.


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  • Solstad Offshore has significant price volatility in the past 3 months.
SOFF Share Price and Events
7 Day Returns
5.3%
OB:SOFF
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-84.1%
OB:SOFF
-32.6%
NO Energy Services
-8.3%
NO Market
SOFF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solstad Offshore (SOFF) 5.3% -35.3% -35.8% -84.1% -94.9% -99.2%
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
  • SOFF underperformed the Energy Services industry which returned -32.6% over the past year.
  • SOFF underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SOFF
Industry
5yr Volatility vs Market

SOFF Value

 Is Solstad 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.

In this section, we usually try to help investors determine whether Solstad Offshore is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Solstad Offshore has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Solstad Offshore. This is due to cash flow or dividend data being unavailable. The share price is NOK0.75.
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 Solstad Offshore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solstad Offshore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SOFF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK-18.54
OB:SOFF Share Price ** OB (2019-09-19) in NOK NOK0.75
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 Solstad Offshore.

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

= OB:SOFF Share Price ÷ EPS (both in NOK)

= 0.75 ÷ -18.54

-0.04x

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

  • Solstad Offshore is loss making, we can't compare its value to the NO Energy Services industry average.
  • Solstad Offshore is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Solstad Offshore's expected growth come at a high price?
Raw Data
OB:SOFF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
166.9%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 Solstad Offshore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Solstad Offshore's assets?
Raw Data
OB:SOFF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK-5.69
OB:SOFF Share Price * OB (2019-09-19) in NOK NOK0.75
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:SOFF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SOFF Share Price ÷ Book Value per Share (both in NOK)

= 0.75 ÷ -5.69

-0.13x

* Primary Listing of Solstad Offshore.

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

  • Solstad Offshore has negative assets, we can't compare the value of its assets to the NO Energy Services industry average.

Next steps:

  1. Take a look at Solstad Offshore's forecasted future earnings and revenues from industry analysts to understand how the company is expected to perform in the future against its competitors and the wider market.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Solstad Offshore's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Energy Services industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Solstad 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. Solstad Offshore has a total score of 0/6, 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.

SOFF Future Performance

 How is Solstad Offshore 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
166.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solstad Offshore expected to grow at an attractive rate?
  • Solstad Offshore's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Solstad Offshore's earnings growth is expected to exceed the Norway market average.
  • Solstad Offshore's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SOFF Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SOFF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 166.9%
OB:SOFF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 37.7%
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:SOFF 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 NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SOFF Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 9,237 560 1
2019-12-31 7,288 -387 1
OB:SOFF Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 4,975 869 -5,401
2019-03-31 4,962 870 -5,842
2018-12-31 4,691 1,246 -5,858
2018-09-30 4,587 1,087 -2,912
2018-06-30 4,593 948 -2,830
2018-03-31 3,945 821 -678
2017-12-31 3,637 741 -314
2017-09-30 3,057 809 -679
2017-06-30 2,285 1,162 -177
2017-03-31 2,293 1,176 -1,373
2016-12-31 2,476 1,209 -866
2016-09-30 2,711 1,021 -728

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solstad Offshore's earnings are expected to grow significantly at over 20% yearly.
  • Solstad Offshore'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:SOFF 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 Solstad Offshore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOFF Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.92 1.92 1.92 1.00
2019-12-31 -1.33 -1.33 -1.33 1.00
OB:SOFF Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 -18.54
2019-03-31 -20.05
2018-12-31 -20.10
2018-09-30 -9.99
2018-06-30 -9.61
2018-03-31 -2.69
2017-12-31 -1.60
2017-09-30 -2.44
2017-06-30 -1.51
2017-03-31 -14.24
2016-12-31 -9.76
2016-09-30 -18.92

*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 Solstad Offshore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solstad 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.
Solstad Offshore has a total score of 5/6, 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.

SOFF Past Performance

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

OB:SOFF Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 4,974.82 -5,401.37 457.37
2019-03-31 4,961.54 -5,842.11 470.61
2018-12-31 4,691.02 -5,858.20 481.79
2018-09-30 4,587.01 -2,911.94 477.98
2018-06-30 4,592.63 -2,830.00 533.99
2018-03-31 3,944.50 -678.45 486.70
2017-12-31 3,637.05 -313.77 421.48
2017-09-30 3,056.54 -679.34 347.90
2017-06-30 2,284.52 -177.15 349.20
2017-03-31 2,292.72 -1,373.43 285.68
2016-12-31 2,475.58 -865.55 223.03
2016-09-30 2,710.94 -727.86 156.95
2016-06-30 3,054.89 -1,062.39
2016-03-31 3,396.16 -1,030.05
2015-12-31 3,554.91 -1,581.11
2015-09-30 3,849.29 -620.85
2015-06-30 3,994.46 -158.28
2015-03-31 3,809.57 -270.76
2014-12-31 3,744.14 151.65
2014-09-30 3,646.59 585.27
2014-06-30 3,511.92 566.12
2014-03-31 3,551.33 668.20
2013-12-31 3,505.57 490.99
2013-09-30 3,446.68 388.61
2013-06-30 3,338.43 409.76
2013-03-31 3,301.42 292.83
2012-12-31 3,291.73 380.50
2012-09-30 3,382.58 251.24

*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 Solstad Offshore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Solstad 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 Solstad 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 Solstad 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.
Solstad 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.

SOFF Health

 How is Solstad 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 Solstad Offshore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solstad Offshore's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Solstad Offshore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Solstad 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.
  • Solstad Offshore has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Solstad Offshore Company Filings, last reported 2 months ago.

OB:SOFF Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -1,655.38 26,728.82 812.96
2019-03-31 -1,333.53 26,686.67 799.74
2018-12-31 -850.67 26,976.28 1,363.25
2018-09-30 3,326.31 29,013.81 1,343.90
2018-06-30 3,763.04 28,838.50 1,384.77
2018-03-31 4,427.52 28,407.19 1,482.14
2017-12-31 4,962.40 25,941.13 1,887.45
2017-09-30 6,082.57 28,973.40 2,127.00
2017-06-30 6,590.54 30,819.07 2,430.05
2017-03-31 3,209.61 17,591.57 1,412.31
2016-12-31 3,455.73 14,634.22 1,760.64
2016-09-30 4,567.90 10,292.61 920.30
2016-06-30 4,105.05 10,454.40 433.99
2016-03-31 3,914.17 11,003.30 645.35
2015-12-31 3,667.58 11,942.99 1,025.30
2015-09-30 4,908.23 11,959.35 1,246.66
2015-06-30 4,999.21 11,738.57 1,102.51
2015-03-31 4,701.81 12,171.34 1,226.17
2014-12-31 5,057.53 11,741.04 1,321.12
2014-09-30 5,317.50 11,466.97 1,354.10
2014-06-30 5,078.23 10,135.39 1,690.33
2014-03-31 5,140.86 9,129.76 1,301.96
2013-12-31 4,954.28 9,438.81 1,240.34
2013-09-30 4,924.56 9,752.81 1,009.13
2013-06-30 4,700.71 9,804.40 839.77
2013-03-31 4,591.45 9,584.01 602.43
2012-12-31 4,624.93 9,317.30 833.02
2012-09-30 4,753.59 9,628.58 876.65
  • Solstad Offshore has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Solstad Offshore's debt level has increased considering it has negative shareholder equity.
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 Solstad Offshore has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Solstad Offshore has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -53.9% per year.
X
Financial health checks
We assess Solstad 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. Solstad 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.

SOFF Dividends

 What is Solstad 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 Solstad Offshore dividends. Estimated to be 0% next year.
If you bought NOK2,000 of Solstad 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 Solstad Offshore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solstad 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:SOFF 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:SOFF Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
OB:SOFF Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2016-11-08 0.000 0.000
2016-08-25 0.000 0.000
2016-05-09 0.000 0.000
2016-04-18 0.000 0.000
2016-02-23 0.000 0.000
2015-04-27 3.500 13.898
2015-02-24 3.500 6.959
2014-03-28 5.000 5.706
2014-02-27 5.000 4.600
2013-04-15 2.500 2.339
2012-04-18 1.500 1.615
2011-04-29 2.000 2.091
2010-05-07 2.500 2.169
2009-04-28 2.000 1.983
2009-03-02 2.000 2.929

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

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

SOFF Management

 What is the CEO of Solstad 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
Lars Solstad
COMPENSATION NOK2,429,000
CEO Bio

Mr. Lars Peder Solstad serves as Chief Executive Officer of Solstad Offshore ASA and has been its Managing Director since 2002.

CEO Compensation
  • Lars's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lars's remuneration is about average for companies of similar size in Norway.
Management Team Tenure

Average tenure of the Solstad Offshore management team in years:

6.1
Average Tenure
  • The average tenure for the Solstad Offshore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lars Solstad

TITLE
CEO & MD
COMPENSATION
NOK2M

Anders Jomaas

TITLE
Chief Financial Officer
COMPENSATION
NOK2M
TENURE
2.3 yrs

Tor Dale

TITLE
Chief Operating Officer
COMPENSATION
NOK2M

Sven Stakkestad

TITLE
Deputy Chief Executive Officer
COMPENSATION
NOK2M
TENURE
17.7 yrs

Hans Skår

TITLE
Executive Vice President of SUBSEA Construction
COMPENSATION
NOK2M

Kenneth Lande

TITLE
Executive Vice President of Global AHTS/PSV
COMPENSATION
NOK2M
TENURE
0.7 yrs

Jon Gummedal

TITLE
Executive Vice President of Aquaculture
COMPENSATION
NOK2M
TENURE
0.7 yrs

Jostein Fjelland

TITLE
Accounting Manager
TENURE
21.9 yrs

Per Stange

TITLE
Human Resources Director
TENURE
10 yrs

Leif Stave

TITLE
Controller
Board of Directors Tenure

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

3.2
Average Tenure
48
Average Age
  • The tenure for the Solstad Offshore board of directors is about average.
Board of Directors

Harald Espedal

TITLE
Chairman of the Board
AGE
47

Toril Eidesvik

TITLE
Director
COMPENSATION
NOK210K
AGE
51
TENURE
14.3 yrs

Ellen Solstad

TITLE
Director
COMPENSATION
NOK138K
AGE
45
TENURE
3.2 yrs

Frank Reite

TITLE
Director
COMPENSATION
NOK138K
AGE
49
TENURE
3.2 yrs

Harald Thorstein

TITLE
Director
COMPENSATION
NOK138K
AGE
45
TENURE
2.4 yrs

Merete Haugli

TITLE
Director
COMPENSATION
NOK138K
AGE
55
TENURE
2.5 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 Solstad 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. Solstad 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.

SOFF News

Simply Wall St News

Can Solstad Farstad ASA (OB:SOFF) Improve Your Portfolio Returns?

The second risk is market-wide, which arises from investing in the stock market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

When Will Solstad Farstad ASA (OB:SOFF) Turn A Profit?

Solstad Farstad ASA's (OB:SOFF):. … Solstad Farstad ASA operates offshore service and construction vessels for renewable energy at sea and offshore petroleum industry worldwide. … The company’s loss has recently broadened since it announced a -øre313.77m loss in the full financial year, compared to the latest trailing-twelve-month loss of -øre678.45m, moving it further away from breakeven?

Simply Wall St -

Is It Time To Buy Solstad Farstad ASA (OB:SOFF)?

I find that Solstad Farstad’s ratio of 0.38x is trading slightly below its industry peers’ ratio of 1.15x, which means if you buy Solstad Farstad today, you’d be paying a relatively reasonable price for it. … And if you believe Solstad Farstad should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … Furthermore, it seems like Solstad Farstad’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

Did Solstad Farstad ASA's (OB:SOFF) Recent Earnings Growth Beat The Trend?

Check out our latest analysis for Solstad Farstad How Did SOFF's Recent Performance Stack Up Against Its Past? … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past five years Solstad Farstad's revenue growth has been fairly subdued, with an annual growth rate of -0.082%, on average.

Simply Wall St -

SOFF Company Info

Description

Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. It offers anchor-handling vessels delivering services related to rig moves, and anchoring of rigs and other devices at sea; platform supply vessels that deliver services relating to the transportation of material to offshore installations; and construction service vessels delivering services relating to the development of subsea and floating installations. The company operates a fleet of 33 construction service vessels, 42 anchor handling vessels, and 61 platform supply vessels. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.

Details
Name: Solstad Offshore ASA
SOFF
Exchange: OB
Founded: 1964
NOK218,543,832
291,391,777
Website: http://www.solstad.com
Address: Solstad Offshore ASA
Nesavegen 39,
Skudeneshavn,
Rogaland, 4280,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SOFF Class A Shares Oslo Bors NO NOK 28. Oct 1997
OTCPK SLOF.F Class A Shares Pink Sheets LLC US USD 28. Oct 1997
LSE 0G2Z Class A Shares London Stock Exchange GB NOK 28. Oct 1997
Number of employees
Current staff
Staff numbers
3,620
Solstad 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 20:36
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/28
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.