Is Havila Shipping (OB:HAVI) Using Too Much Debt?
Aug 13
Have your own idea? Try our Stock Screener
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies32
- 7D-2.1%
- 3M6.1%
- 1Y-10.1%
- YTD-6.6%
In the last week, the Energy Services industry is up 1.2%, with Constellation Oil Services Holding up 1.9%. Meanwhile, Shelf Drilling (North Sea) actually underperformed within the industry, shrinking 29% in the last week. In contrast, the industry has lost 8.8% in the last 12 months. Looking forward, earnings are forecast to grow by 47% annually.
Industry Valuation and Performance
Has the Norwegian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 Aug 2025 | NOK 314.0b | NOK 240.3b | NOK 17.3b | 7.4x | 18.1x | 1.3x |
| Sat, 12 Jul 2025 | NOK 180.6b | NOK 223.5b | NOK 15.4b | 7.4x | 11.7x | 0.8x |
| Mon, 09 Jun 2025 | NOK 174.5b | NOK 229.4b | NOK 14.8b | 7x | 11.8x | 0.8x |
| Wed, 07 May 2025 | NOK 153.0b | NOK 220.6b | NOK 16.0b | 7.7x | 9.6x | 0.7x |
| Fri, 04 Apr 2025 | NOK 159.2b | NOK 215.6b | NOK 16.4b | 8.5x | 9.7x | 0.7x |
| Sun, 02 Mar 2025 | NOK 168.1b | NOK 228.7b | NOK 17.0b | 7x | 9.9x | 0.7x |
| Tue, 28 Jan 2025 | NOK 173.8b | NOK 211.6b | NOK 16.6b | 6.6x | 10.5x | 0.8x |
| Thu, 26 Dec 2024 | NOK 172.9b | NOK 223.7b | NOK 17.6b | 6.3x | 9.8x | 0.8x |
| Sat, 23 Nov 2024 | NOK 189.2b | NOK 223.8b | NOK 17.8b | 9.3x | 10.7x | 0.8x |
| Mon, 21 Oct 2024 | NOK 183.6b | NOK 215.2b | NOK 17.5b | 8.8x | 10.5x | 0.9x |
| Wed, 18 Sep 2024 | NOK 190.9b | NOK 211.9b | NOK 16.4b | 7.9x | 11.7x | 0.9x |
| Fri, 16 Aug 2024 | NOK 208.0b | NOK 212.2b | NOK 15.0b | 13.4x | 13.8x | 1x |
| Sun, 14 Jul 2024 | NOK 218.2b | NOK 209.7b | NOK 14.3b | 12.4x | 15.3x | 1x |
| Tue, 11 Jun 2024 | NOK 199.6b | NOK 211.0b | NOK 13.5b | 14.1x | 14.7x | 0.9x |
| Thu, 09 May 2024 | NOK 192.9b | NOK 211.3b | NOK 12.5b | 12.2x | 15.4x | 0.9x |
| Sat, 06 Apr 2024 | NOK 183.0b | NOK 201.9b | NOK 9.8b | 8.7x | 18.6x | 0.9x |
| Mon, 04 Mar 2024 | NOK 203.9b | NOK 216.5b | NOK 12.9b | 10.7x | 15.8x | 0.9x |
| Wed, 31 Jan 2024 | NOK 198.7b | NOK 236.9b | NOK 11.2b | 7.9x | 17.7x | 0.8x |
| Fri, 29 Dec 2023 | NOK 212.8b | NOK 233.4b | NOK 11.1b | 8.7x | 19.2x | 0.9x |
| Sun, 26 Nov 2023 | NOK 213.6b | NOK 230.6b | NOK 10.0b | 8.1x | 21.4x | 0.9x |
| Tue, 24 Oct 2023 | NOK 209.9b | NOK 224.5b | NOK 5.5b | 10.9x | 38.3x | 0.9x |
| Thu, 21 Sep 2023 | NOK 225.7b | NOK 216.6b | NOK 5.1b | 10.5x | 44x | 1x |
| Sat, 19 Aug 2023 | NOK 212.1b | NOK 213.1b | NOK 1.9b | 13.2x | 113.2x | 1x |
| Mon, 17 Jul 2023 | NOK 189.2b | NOK 190.5b | -NOK 142,929,946.00 | 10.9x | -1323.4x | 1x |
| Wed, 14 Jun 2023 | NOK 174.9b | NOK 183.9b | -NOK 409,826,007.00 | 11.3x | -426.7x | 1x |
| Fri, 12 May 2023 | NOK 175.1b | NOK 182.3b | NOK 37.9b | 12.5x | 4.6x | 1x |
| Sun, 09 Apr 2023 | NOK 192.9b | NOK 175.6b | -NOK 1,325,670,836.00 | 16.7x | -145.5x | 1.1x |
| Tue, 07 Mar 2023 | NOK 191.7b | NOK 175.1b | NOK 37.6b | 10.7x | 5.1x | 1.1x |
| Thu, 02 Feb 2023 | NOK 163.7b | NOK 160.7b | NOK 44.6b | 7.8x | 3.7x | 1x |
| Sat, 31 Dec 2022 | NOK 140.9b | NOK 158.2b | NOK 43.3b | 7x | 3.3x | 0.9x |
| Mon, 28 Nov 2022 | NOK 138.6b | NOK 166.7b | NOK 42.8b | 7.6x | 3.2x | 0.8x |
| Wed, 26 Oct 2022 | NOK 137.0b | NOK 167.2b | NOK 33.2b | 9.5x | 4.1x | 0.8x |
| Fri, 23 Sep 2022 | NOK 122.1b | NOK 167.7b | NOK 33.4b | 9.5x | 3.7x | 0.7x |
| Sun, 21 Aug 2022 | NOK 118.9b | NOK 158.3b | NOK 30.2b | 9.1x | 3.9x | 0.8x |
Price to Earnings Ratio
3.9x
Current Industry PE
- Investors are pessimistic on the Norwegian Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.3x which is higher than its 3-year average PE of -6.4x.
- The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Norwegian Energy industry?
| NO Market | -0.41% | |
| Energy | -3.17% | |
| Energy Services | -2.14% | |
| Oil and Gas Services | -0.72% | |
| Oil and Gas Drilling | -3.51% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 70.8%, which is lower than the prior year's growth of 358.9% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 71% over the next 5 years.
- However this is lower than its past earnings growth rate of 359% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUBC Subsea 7 | NOK 199.10 | 0.7% +NOK 384.3m | 2.9% | PE21.5x | |
| PRS Prosafe | NOK 4.75 | 30.1% +NOK 373.5m | -86.5% | PS1.1x | |
| SEA1 Sea1 Offshore | NOK 29.85 | 5.3% +NOK 229.7m | 1.2% | PE2.4x | |
| HAVI Havila Shipping | NOK 1.70 | 15.3% +NOK 61.9m | -66.5% | PE16.1x | |
| REACH Reach Subsea | NOK 7.90 | 1.3% +NOK 32.7m | -11.0% | PE10.1x |
