Price Target Changed • Jun 26
Price target increased by 8.8% to kr20.67 Up from kr19.00, the current price target is an average from 3 analysts. New target price is 57% above last closing price of kr13.20. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of kr1.03 next year compared to a net loss per share of kr0.58 last year. New Risk • Jun 25
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 352% Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 352% Earnings are forecast to decline by an average of 76% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (26% net profit margin). Reported Earnings • May 15
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr182.0m (up 140% from 1Q 2025). Net income: kr89.0m (up kr286.0m from 1Q 2025). Profit margin: 49% (up from net loss in 1Q 2025). Revenue is expected to decline by 25% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 1.4%. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 25
Full year 2025 earnings: Revenues exceed analyst expectations Full year 2025 results: Revenue: kr390.0m (down 58% from FY 2024). Net loss: kr157.0m (down 110% from profit in FY 2024). Revenue exceeded analyst estimates by 1.0%. Revenue is forecast to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Reported Earnings • Feb 13
Full year 2025 earnings released Full year 2025 results: Revenue: kr390.0m (down 58% from FY 2024). Net loss: kr157.0m (down 110% from profit in FY 2024). Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.9%. Ankündigung • Nov 10
Akastor ASA, Annual General Meeting, Apr 14, 2026 Akastor ASA, Annual General Meeting, Apr 14, 2026. Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr130.0m (up 31% from 3Q 2024). Net income: kr49.0m (up kr43.0m from 3Q 2024). Profit margin: 38% (up from 6.1% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Energy Services industry in Norway. Ankündigung • Oct 30
Akastor ASA to Report Q4, 2025 Results on Feb 12, 2026 Akastor ASA announced that they will report Q4, 2025 results on Feb 12, 2026 Ankündigung • Jul 12
An undisclosed buyer acquired 6.43% stake in Akastor ASA (OB:AKAST) from Apollo Asset Limited. An undisclosed buyer acquired 6.43% stake in Akastor ASA (OB:AKAST) from Apollo Asset Limited on July 11, 2025.
An undisclosed buyer completed the acquisition of 6.43% stake in Akastor ASA (OB:AKAST) from Apollo Asset Limited on July 11, 2025. Reported Earnings • Jul 11
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: kr79.0m (down 13% from 2Q 2024). Net loss: kr21.0m (down 102% from profit in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr76.0m (down 88% from 1Q 2024). Net loss: kr197.0m (down 133% from profit in 1Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Energy Services industry in Norway. Board Change • Apr 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Luis Antonio Araujo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 24
Akastor ASA Elects Eva Sagemo as New Director The Annual General Meeting of Akastor ASA was held on 24 April 2025, elected Eva Sagemo was elected as a new director, both for a term of two-years. The board of directors now comprises of: Frank Reite (chairperson); Lone Fønss Schrøder (deputy chairperson); Svein Oskar Stoknes (director); Eva Sagemo (director); and Luis Antonio G. Araujo (director). Ankündigung • Mar 28
Akastor Asa Announces Kathryn M. Baker Notifies She Is Not Available for Re-Election, and the Committee Akastor ASA announced that Kathryn M. Baker has notified that she is not available for re-election as director, and the committee. Reported Earnings • Feb 14
Full year 2024 earnings released Full year 2024 results: Revenue: kr922.0m (up 227% from FY 2023). Net income: kr1.62b (up kr2.01b from FY 2023). Revenue is expected to decline by 44% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 3.6%. Ankündigung • Feb 13
Mitsui O.S.K. Lines, Ltd. (TSE:9104) completed of acquisition of an additional 8.3% stake in AKOFS Offshore AS from Akastor ASA (OB:AKAST). Mitsui O.S.K. Lines, Ltd. (TSE:9104) entered into transaction agreement to acquire an additional 8.3% stake in AKOFS Offshore AS from Akastor ASA (OB:AKAST) on January 14, 2025. Upon completion, Mitsui O.S.K. Lines, Ltd. will own 33.30% stake in AKOFS Offshore AS.
The transaction is expected to complete in later in Q1 2025.
Mitsui O.S.K. Lines, Ltd. (TSE:9104) completed of acquisition of an additional 8.3% stake in AKOFS Offshore AS from Akastor ASA (OB:AKAST) on February 12, 2025. The transfer has now been completed in accordance with the agreed terms, whereby Akastor and MOL now control 2/3 and 1/3 of the shares in AKOFS Offshore, respectively. Ankündigung • Jan 15
Mitsui O.S.K. Lines, Ltd. (TSE:9104) entered into transaction agreement to acquire an additional 8.3% stake in AKOFS Offshore AS from Akastor ASA (OB:AKAST). Mitsui O.S.K. Lines, Ltd. (TSE:9104) entered into transaction agreement to acquire an additional 8.3% stake in AKOFS Offshore AS from Akastor ASA (OB:AKAST) on January 14, 2025. Upon completion, Mitsui O.S.K. Lines, Ltd. will own 33.30% stake in AKOFS Offshore AS.
The transaction is expected to complete in later in Q1 2025. Ankündigung • Jan 14
Akastor ASA (OB:AKAST) completed the acquisition of an additional 25% stake in AKOFS Offshore AS from Mitsui & Co., Ltd. (TSE:8031). Akastor ASA (OB:AKAST) signed an agreement to acquire an additional 25% stake in AKOFS Offshore AS from Mitsui & Co., Ltd. (TSE:8031) for $22.5 million on November 6, 2024. The purchase price, after certain adjustments, is $22.5 million, of which $15 million is payable at closing and remaining $7.5 million is payable in two equal tranches in June and December 2025. The agreement is entered into on an "as is" basis and includes all of Mitsui & Co. interests in AKOFS Offshore, which includes both equity and shareholder loans. As part of the transaction, Akastor also assumes Mitsui's exposure under the guarantee structure related to the financing of "AKOFS Santos". Following completion of the transaction, Akastor will hold 75% of the shares in AKOFS Offshore while the remaining 25% will remain owned by Mitsui O.S.K. Lines, Ltd. As part of the transaction, Akastor and MOL as remaining shareholders will negotiate and enter into a new shareholders agreement, on substantially similar terms but suitably adjusted to reflect the changed ownership. AKOFS Offshore will remain classified as a joint venture and accounted for using the equity method in the consolidated financial statements. The transaction is subject to customary regulatory approvals and is expected to take place in early first quarter of 2025. Arctic Securities AS acted as financial advisor to Akastor ASA. Advokatfirmaet BAHR AS acted as legal advisor to Akastor ASA.
Akastor ASA (OB:AKAST) completed the acquisition of an additional 25% stake in AKOFS Offshore AS from Mitsui & Co., Ltd. (TSE:8031) on January 14, 2025. Ankündigung • Nov 06
Akastor ASA (OB:AKAST) signed an agreement to acquire an additional 25% stake in AKOFS Offshore AS from Mitsui & Co., Ltd. (TSE:8031) for $22.5 million. Akastor ASA (OB:AKAST) signed an agreement to acquire an additional 25% stake in AKOFS Offshore AS from Mitsui & Co., Ltd. (TSE:8031) for $22.5 million on November 6, 2024. The purchase price, after certain adjustments, is $22.5 million, of which $15 million is payable at closing and remaining $7.5 million is payable in two equal tranches in June and December 2025. The agreement is entered into on an "as is" basis and includes all of Mitsui & Co. interests in AKOFS Offshore, which includes both equity and shareholder loans. As part of the transaction, Akastor also assumes Mitsui's exposure under the guarantee structure related to the financing of "AKOFS Santos". Following completion of the transaction, Akastor will hold 75% of the shares in AKOFS Offshore while the remaining 25% will remain owned by Mitsui O.S.K. Lines, Ltd. As part of the transaction, Akastor and MOL as remaining shareholders will negotiate and enter into a new shareholders agreement, on substantially similar terms but suitably adjusted to reflect the changed ownership. AKOFS Offshore will remain classified as a joint venture and accounted for using the equity method in the consolidated financial statements. The transaction is subject to customary regulatory approvals and is expected to take place in early first quarter of 2025. Arctic Securities AS acted as financial advisor to Akastor ASA. Advokatfirmaet BAHR AS acted as legal advisor to Akastor ASA. Ankündigung • Nov 02
Akastor ASA, Annual General Meeting, Apr 24, 2025 Akastor ASA, Annual General Meeting, Apr 24, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings: Revenues exceed analyst expectations Third quarter 2024 results: Revenue: kr99.0m (up 60% from 3Q 2023). Net income: kr6.00m (up kr106.0m from 3Q 2023). Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 14%. Revenue is expected to decline by 36% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.1%. Ankündigung • Oct 30
Akastor ASA to Report Q4, 2024 Results on Feb 13, 2025 Akastor ASA announced that they will report Q4, 2024 results on Feb 13, 2025 Ankündigung • Oct 21
Akastor ASA Appoints Dan Rabun as Chairman of the Board of Directors Akastor ASA's announced that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles such as CEO, Chairman, and Board member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX Corporation, Borr Drilling, and APA Corporation. Price Target Changed • Jul 16
Price target increased by 16% to kr19.67 Up from kr17.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of kr15.64. Stock is up 43% over the past year. The company is forecast to post earnings per share of kr2.08 next year compared to a net loss per share of kr1.42 last year. Reported Earnings • Jul 12
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr91.0m (up 42% from 2Q 2023). Net income: kr898.0m (up kr990.0m from 2Q 2023). Revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 26
Price target increased by 9.1% to kr18.00 Up from kr16.50, the current price target is an average from 2 analysts. New target price is 33% above last closing price of kr13.54. Stock is up 28% over the past year. The company is forecast to post earnings per share of kr0.65 next year compared to a net loss per share of kr1.42 last year. Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr642.0m (up kr574.0m from 1Q 2023). Net income: kr594.0m (up kr630.0m from 1Q 2023). Profit margin: 93% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 35% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 6.0%. Reported Earnings • Mar 25
Full year 2023 earnings released: kr1.42 loss per share (vs kr1.22 loss in FY 2022) Full year 2023 results: kr1.42 loss per share (further deteriorated from kr1.22 loss in FY 2022). Revenue: kr282.0m (up 4.8% from FY 2022). Net loss: kr386.0m (loss widened 17% from FY 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr311m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. New Risk • Feb 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr311m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 15
Full year 2023 earnings released Full year 2023 results: Revenue: kr282.0m (down 73% from FY 2022). Net loss: kr386.0m (loss widened 38% from FY 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Energy Services industry in Norway. New Risk • Jan 25
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr497m Forecast net loss in 2 years: kr1.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr328m). Less than 1 year of cash runway based on current free cash flow (-kr328m). Currently unprofitable and not forecast to become profitable over next 2 years (kr1.1m net loss in 2 years). Ankündigung • Oct 27
Akastor ASA to Report Q4, 2023 Results on Feb 14, 2024 Akastor ASA announced that they will report Q4, 2023 results on Feb 14, 2024 New Risk • Jul 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr315m Forecast net loss in 2 years: kr1.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 14
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: kr0.35 loss per share (down from kr0.21 profit in 2Q 2022). Revenue: kr64.0m (down 4.5% from 2Q 2022). Net loss: kr92.0m (down 261% from profit in 2Q 2022). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 47% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 12
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.05b to kr872.0m. Forecast losses increased from -kr0.497 to -kr0.523 per share. Energy Services industry in Norway expected to see average net income growth of 31% next year. Consensus price target of kr14.50 unchanged from last update. Share price rose 2.9% to kr10.60 over the past week. Reported Earnings • May 02
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr68.0m (up 19% from 1Q 2022). Net loss: kr36.0m (loss narrowed 76% from 1Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Feb 22
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from kr1.10b to kr1.24b. Forecast losses expected to reduce from -kr1.56 to -kr0.47 per share. Energy Services industry in Norway expected to see average net income growth of 56% next year. Consensus price target up from kr13.00 to kr14.50. Share price fell 6.5% to kr12.00 over the past week. Breakeven Date Change • Feb 17
Forecast breakeven date pushed back to 2025 The 2 analysts covering Akastor previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 28% per year to 2024. The company is expected to make a profit of kr20.0m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 14
Director recently sold kr227k worth of stock On the 12th of December, Luis Antonio Araujo sold around 26k shares on-market at roughly kr8.80 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Chairman Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr251.0m (up 9.6% from 3Q 2021). Net income: kr89.0m (up kr169.0m from 3Q 2021). Profit margin: 36% (up from net loss in 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in Norway. Ankündigung • Oct 28
Akastor ASA to Report Q4, 2022 Results on Feb 15, 2023 Akastor ASA announced that they will report Q4, 2022 results on Feb 15, 2023 Reported Earnings • Jul 15
Second quarter 2022 earnings released: EPS: kr0.23 (vs kr0.14 in 2Q 2021) Second quarter 2022 results: EPS: kr0.23 (up from kr0.14 in 2Q 2021). Revenue: kr260.0m (down 5.5% from 2Q 2021). Net income: kr64.0m (up 68% from 2Q 2021). Profit margin: 25% (up from 14% in 2Q 2021). Over the next year, revenue is expected to shrink by 20% compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: kr0.44 loss per share. Revenue: kr264.0m (up 31% from 1Q 2021). Net loss: kr120.0m (loss widened 82% from 1Q 2021). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 21% compared to a 15% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year. Price Target Changed • Apr 27
Price target decreased to kr13.50 Down from kr20.00, the current price target is provided by 1 analyst. New target price is 59% above last closing price of kr8.49. Stock is up 42% over the past year. The company is forecast to post earnings per share of kr0.26 next year compared to a net loss per share of kr0.81 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Luis Antonio Araujo was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: kr0.81 loss per share (up from kr1.97 loss in FY 2020). Revenue: kr953.0m (up 16% from FY 2020). Net loss: kr221.0m (loss narrowed 59% from FY 2020). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 8.8% compared to a 14% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: kr953.0m (down 79% from FY 2020). Net loss: kr221.0m (loss narrowed 53% from FY 2020). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is expected to shrink by 8.8% compared to a 7.3% growth forecast for the industry in Norway. Reported Earnings • Nov 03
Third quarter 2021 earnings released The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr229.0m (up 19% from 3Q 2020). Net loss: kr80.0m (loss widened 78% from 3Q 2020). Reported Earnings • May 04
First quarter 2021 earnings released: kr0.24 loss per share The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: kr201.0m (down 86% from 1Q 2020). Net loss: kr66.0m (loss narrowed 78% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Executive Departure • Apr 17
Director has left the company On the 15th of April, Sarah Ryan's tenure in the role of Director ended. As of December 2020, Sarah personally held only 5.00k shares (kr35k worth at the time). Sarah is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 27
Full year 2020 earnings released: kr1.72 loss per share (vs kr0.57 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr4.58b (down 15% from FY 2019). Net loss: kr466.0m (down 403% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: kr7.65 The company is up 6.0% from its price of kr7.23 on 02 December 2020. The Norwegian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 13% over the same period. Reported Earnings • Feb 13
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr4.58b (down 15% from FY 2019). Net loss: kr473.0m (down 407% from profit in FY 2019). Is New 90 Day High Low • Jan 25
New 90-day low: kr6.55 The company is down 11% from its price of kr7.34 on 27 October 2020. The Norwegian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 39% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr59.15 per share. Is New 90 Day High Low • Nov 11
New 90-day high: kr7.62 The company is up 21% from its price of kr6.32 on 12 August 2020. The Norwegian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr3.00 per share. 