New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.41 (vs US$0.43 in 1Q 2025) First quarter 2026 results: EPS: US$0.41 (down from US$0.43 in 1Q 2025). Revenue: US$265.9m (down 3.9% from 1Q 2025). Net income: US$32.1m (down 6.7% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 29
Chief Executive Officer recently bought kr1.6m worth of stock On the 25th of March, Harald Fotland bought around 14k shares on-market at roughly kr119 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Harald's only on-market trade for the last 12 months. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: US$1.96 (vs US$3.51 in FY 2024) Full year 2025 results: EPS: US$1.96 (down from US$3.51 in FY 2024). Revenue: US$1.12b (down 11% from FY 2024). Net income: US$155.3m (down 44% from FY 2024). Profit margin: 14% (down from 22% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.54 (vs US$0.90 in 3Q 2024) Third quarter 2025 results: EPS: US$0.54 (down from US$0.90 in 3Q 2024). Revenue: US$287.2m (down 9.4% from 3Q 2024). Net income: US$42.8m (down 40% from 3Q 2024). Profit margin: 15% (down from 23% in 3Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Recent Insider Transactions • Sep 14
Managing Director of Terminals recently sold kr691k worth of stock On the 11th of September, Adrian Lenning sold around 6k shares on-market at roughly kr116 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr157k more than they bought in the last 12 months. Declared Dividend • Aug 22
First half dividend of kr4.93 announced Shareholders will receive a dividend of kr4.93. Ex-date: 25th August 2025 Payment date: 2nd September 2025 Dividend yield will be 11%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 34% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Aug 21
Odfjell SE Approves Dividend for the First Half of 2025, Payable on September 2, 2025 Odfjell SE has approved a dividend payment of USD 0.48 per share based on the company's first half 2025 financial result. Ex-dividend date is 25 August 2025. Record date is 26 August 2025. Payment date is 2 September 2025. Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: US$281.5m (down 15% from 2Q 2024). Net income: US$40.1m (down 55% from 2Q 2024). Profit margin: 14% (down from 27% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Shipping industry in Europe. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks High level of debt (63% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.44 (vs US$0.86 in 1Q 2024) First quarter 2025 results: EPS: US$0.44 (down from US$0.86 in 1Q 2024). Revenue: US$276.7m (down 9.5% from 1Q 2024). Net income: US$34.4m (down 49% from 1Q 2024). Profit margin: 12% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr100.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total loss to shareholders of 31% over the past year. Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: US$3.51 (vs US$2.57 in FY 2023) Full year 2024 results: EPS: US$3.51 (up from US$2.57 in FY 2023). Revenue: US$1.25b (up 4.6% from FY 2023). Net income: US$277.8m (up 37% from FY 2023). Profit margin: 22% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr78.80, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Shipping industry in Europe. Total loss to shareholders of 38% over the past year. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10.0% per year for the foreseeable future. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: US$3.51 (vs US$2.57 in FY 2023) Full year 2024 results: EPS: US$3.51 (up from US$2.57 in FY 2023). Revenue: US$1.25b (up 4.6% from FY 2023). Net income: US$277.8m (up 37% from FY 2023). Profit margin: 22% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. お知らせ • Feb 07
Odfjell Se Approves Dividend for the Second Half 2024 The Board of Odfjell SE has declared a dividend of USD 0.78 per share for second half of 2024 amounting to USD 61.7 million. The shares will trade ex-dividend on February 12, 2025. Total dividend per share related to 2024 results will be USD 1.78 amounting to USD 140.8 million. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr122, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 14% over the past year. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.90 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: EPS: US$0.90 (up from US$0.66 in 3Q 2023). Revenue: US$316.9m (up 7.4% from 3Q 2023). Net income: US$71.3m (up 37% from 3Q 2023). Profit margin: 23% (up from 18% in 3Q 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Aug 25
First half dividend of kr10.51 announced Shareholders will receive a dividend of kr10.51. Ex-date: 26th August 2024 Payment date: 3rd September 2024 Dividend yield will be 11%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 42% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 21
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$330.3m (up 10% from 2Q 2023). Net income: US$88.2m (up 68% from 2Q 2023). Profit margin: 27% (up from 18% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. お知らせ • Aug 21
Odfjell SE Approves Dividend for the First Half 2024, Payable on 3 September 2024 The board of directors of Odfjell SE have approved a dividend payment of USD 1.00 per share based on the company's first half 2024 financial result. Ex-div date is 26 August 2024. Record date is 27 August 2024. Payment date is 3 September 2024. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr184, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 133% over the past year. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$1.36 (vs US$0.59 in 1Q 2023) First quarter 2024 results: EPS: US$1.36 (up from US$0.59 in 1Q 2023). Revenue: US$305.6m (flat on 1Q 2023). Net income: US$67.8m (up 45% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. お知らせ • May 08
Odfjell Se Appoints Jan Kjærvik Was Elected as Board Member Odfjell SE at its Annual General Meeting held on May 7, 2024, Jan Kjærvik was elected as new board member. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr168, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 88% over the past year. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: US$2.57 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$2.57 (up from US$1.79 in FY 2022). Revenue: US$1.19b (down 8.8% from FY 2022). Net income: US$203.3m (up 44% from FY 2022). Profit margin: 17% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: US$2.58 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$2.58 (up from US$1.79 in FY 2022). Revenue: US$1.19b (down 8.8% from FY 2022). Net income: US$203.4m (up 44% from FY 2022). Profit margin: 17% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Declared Dividend • Feb 11
Final dividend of kr6.67 announced Shareholders will receive a dividend of kr6.67. Ex-date: 13th February 2024 Payment date: 21st February 2024 Dividend yield will be 9.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 33% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 3.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Feb 09
Odfjell SE Approves Dividend for Second Half 2023, Payable on 21 February 2024 Odfjell SE announced that board of directors approved dividend of USD 0.63 per share based on Second Half 2023 net adjusted results. Ex-div date is 13 February 2024, Record date is 14 February 2024 and Payment date: 21 February 2024. お知らせ • Feb 06
Stolt-Nielsen Norway As acquired additional 5.3% stake in Odfjell SE (OB:ODF). Stolt-Nielsen Norway As acquired additional 5.3% stake in Odfjell SE (OB:ODF) on February 5, 2024. Stolt-Nielsen Norway acquired 3,225,000 class A shares in Odfjell SE and thereby crossed the 10% disclosure threshold. Following the acquisition, Stolt-Nielsen Norway AS holds 8,233,612 class A shares and 5,055 class B shares in Odfjell, equalling 13.6% of the class A shares and 0.0% of the class B shares in Odfjell, representing 13.6% of the votes in Odfjell.
Stolt-Nielsen Norway As completed the acquisition of additional 5.3% stake in Odfjell SE (OB:ODF) on February 5, 2024. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.64 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (up from US$0.64 in 3Q 2022). Revenue: US$295.2m (down 16% from 3Q 2022). Net income: US$51.9m (up 3.4% from 3Q 2022). Profit margin: 18% (up from 14% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 5.5% decline forecast for the Shipping industry in Europe. New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. お知らせ • Oct 12
Web Holding Limited made an offer to acquire BW Epic Kosan Ltd. (OB:BWEK) Web Holding Limited made an offer to acquire BW Epic Kosan Ltd. (OB:BWEK) on October 9, 2023. お知らせ • Aug 18
Odfjell SE Approves Dividend for the First Half of 2023, Payable on 29 August 2023 The Board of Directors of Odfjell SE approved a dividend payment of USD 0.62 per share based on the Company's first half 2023 adjusted financial result. Ex-div date: 21 August 2023. Record date: 22 August 2023. Payment date: 29 August 2023. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks High level of debt (100% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$299.8m (down 14% from 2Q 2022). Net income: US$52.6m (up 75% from 2Q 2022). Profit margin: 18% (up from 8.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% decline forecast for the Shipping industry in Europe. Recent Insider Transactions • May 19
Chief Executive Officer recently bought kr236k worth of stock On the 16th of May, Harald Fotland bought around 3k shares on-market at roughly kr94.40 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Harald's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$302.9m (up 3.6% from 1Q 2022). Net income: US$46.7m (up 321% from 1Q 2022). Profit margin: 15% (up from 3.8% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 8.0% decline forecast for the Shipping industry in Europe. お知らせ • May 05
Odfjell SE Announces Board Appointments Odfjell SE at its Annual General Meeting held on May 3, 2023, elected Tanja Jo Ebbe Dalgaard and Erik Nyheim as new board members for a period of two years until the Annual General Meeting in 2025. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: US$1.79 (vs US$0.42 loss in FY 2021) Full year 2022 results: EPS: US$1.79 (up from US$0.42 loss in FY 2021). Revenue: US$1.31b (up 26% from FY 2021). Net income: US$141.6m (up US$174.8m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. お知らせ • Feb 10
Odfjell SE Announces Dividend for the Second Half 2022, Payable on 21 February 2023 Odfjell SE's board approved dividend of USD 0.61 per share based on adjusted second half 2022 results. Ex-div date: 13 February 2023, Record date: 14 February 2023 and Payment date: 21 February 2023. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$1.79 (vs US$0.42 loss in FY 2021) Full year 2022 results: EPS: US$1.79 (up from US$0.42 loss in FY 2021). Revenue: US$1.31b (up 26% from FY 2021). Net income: US$141.6m (up US$174.8m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% decline forecast for the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr98.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Shipping industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at kr167 per share. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Nils Dyvik was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 18% share price gain to kr66.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Shipping industry in Europe. お知らせ • Mar 29
Odfjell SE to Report Q4, 2022 Results on Feb 09, 2023 Odfjell SE announced that they will report Q4, 2022 results on Feb 09, 2023 