Health Check: How Prudently Does Shelf Drilling (North Sea) (OB:SDNS) Use Debt?
Jul 25
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies34
- 7D0.05%
- 3M13.5%
- 1Y27.1%
- YTD20.9%
In the last week, the Energy Services industry is flat overall, with Aker Solutions standing out by going down 3.5%. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NOK 225.1b | NOK 212.7b | NOK 14.6b | 11x | 15.5x | 1.1x |
| Sun, 23 Jun 2024 | NOK 197.9b | NOK 210.2b | NOK 13.5b | 13.8x | 14.7x | 0.9x |
| Tue, 21 May 2024 | NOK 192.9b | NOK 209.8b | NOK 11.9b | 13.3x | 16.2x | 0.9x |
| Thu, 18 Apr 2024 | NOK 186.7b | NOK 205.3b | NOK 9.9b | 9.5x | 18.8x | 0.9x |
| Sat, 16 Mar 2024 | NOK 216.9b | NOK 216.6b | NOK 12.9b | 9x | 16.8x | 1x |
| Mon, 12 Feb 2024 | NOK 192.3b | NOK 208.4b | NOK 9.6b | 8.7x | 20.1x | 0.9x |
| Wed, 10 Jan 2024 | NOK 205.4b | NOK 235.7b | NOK 11.2b | 8.2x | 18.4x | 0.9x |
| Fri, 08 Dec 2023 | NOK 196.6b | NOK 242.8b | NOK 11.4b | 7.6x | 17.2x | 0.8x |
| Sun, 05 Nov 2023 | NOK 216.6b | NOK 229.8b | NOK 7.8b | 8.3x | 27.8x | 0.9x |
| Tue, 03 Oct 2023 | NOK 221.2b | NOK 219.1b | NOK 5.4b | 10.5x | 40.7x | 1x |
| Thu, 31 Aug 2023 | NOK 212.4b | NOK 214.2b | NOK 4.5b | 9.1x | 47.1x | 1x |
| Sat, 29 Jul 2023 | NOK 195.3b | NOK 193.6b | -NOK 1,243,677,096.00 | 11.8x | -157x | 1x |
| Mon, 26 Jun 2023 | NOK 169.3b | NOK 186.1b | -NOK 449,446,534.00 | 10.7x | -376.7x | 0.9x |
| Wed, 24 May 2023 | NOK 182.6b | NOK 186.6b | NOK 38.4b | 9.9x | 4.8x | 1x |
| Fri, 21 Apr 2023 | NOK 179.7b | NOK 176.7b | NOK 37.9b | 15x | 4.7x | 1x |
| Sun, 19 Mar 2023 | NOK 173.1b | NOK 178.7b | NOK 38.7b | 13.4x | 4.5x | 1x |
| Tue, 14 Feb 2023 | NOK 178.6b | NOK 167.6b | NOK 46.9b | 7.8x | 3.8x | 1.1x |
| Thu, 12 Jan 2023 | NOK 143.9b | NOK 160.7b | NOK 44.2b | 7.3x | 3.3x | 0.9x |
| Sat, 10 Dec 2022 | NOK 132.2b | NOK 160.2b | NOK 44.0b | 6.5x | 3x | 0.8x |
| Mon, 07 Nov 2022 | NOK 150.7b | NOK 171.0b | NOK 44.6b | 8.2x | 3.4x | 0.9x |
| Wed, 05 Oct 2022 | NOK 123.7b | NOK 168.3b | NOK 33.5b | 9.5x | 3.7x | 0.7x |
| Fri, 02 Sep 2022 | NOK 127.2b | NOK 162.0b | NOK 29.9b | 10.3x | 4.2x | 0.8x |
| Sun, 31 Jul 2022 | NOK 113.5b | NOK 161.3b | NOK 30.2b | 9.7x | 3.8x | 0.7x |
| Tue, 28 Jun 2022 | NOK 115.4b | NOK 155.8b | NOK 28.8b | 10.1x | 4x | 0.7x |
| Thu, 26 May 2022 | NOK 128.9b | NOK 153.2b | -NOK 10,351,828,337.00 | 9.9x | -12.5x | 0.8x |
| Sat, 23 Apr 2022 | NOK 97.0b | NOK 133.0b | -NOK 4,523,465,687.00 | 9.8x | -21.4x | 0.7x |
| Mon, 21 Mar 2022 | NOK 90.2b | NOK 129.9b | -NOK 4,712,268,616.00 | 9.7x | -19.1x | 0.7x |
| Wed, 16 Feb 2022 | NOK 77.3b | NOK 128.5b | NOK 4.3b | 6.3x | 18x | 0.6x |
| Fri, 14 Jan 2022 | NOK 79.4b | NOK 128.8b | NOK 4.6b | 5.2x | 17.4x | 0.6x |
| Sun, 12 Dec 2021 | NOK 70.6b | NOK 131.7b | NOK 4.4b | 5.3x | 16.1x | 0.5x |
| Tue, 09 Nov 2021 | NOK 80.6b | NOK 122.6b | NOK 3.3b | 5.3x | 24.5x | 0.7x |
| Thu, 07 Oct 2021 | NOK 77.6b | NOK 119.1b | NOK 2.5b | 4.5x | 31.6x | 0.7x |
| Sat, 04 Sep 2021 | NOK 69.3b | NOK 120.8b | NOK 2.1b | 3.7x | 32.6x | 0.6x |
| Mon, 02 Aug 2021 | NOK 72.1b | NOK 120.8b | NOK 2.1b | 4.2x | 34x | 0.6x |
Price to Earnings Ratio
34x
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 15.5x which is lower than its 3-year average PE of 542x.
- The 3-year average PS ratio of 20.0x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 90% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Energy industry?
| NO Market | -1.27% | |
| Energy | -2.71% | |
| Energy Services | 0.045% | |
| Oil and Gas Services | 0.49% | |
| Oil and Gas Drilling | -1.08% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 42.3%, which is lower than the prior year's growth of 187.3% 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.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 42% over the next 5 years.
- However this is lower than its past earnings growth rate of 187% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 35% 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 215.20 | 3.1% +NOK 1.8b | 59.9% | PE56.5x | |
| VTURA Ventura Offshore Holding | NOK 31.15 | -1.1% NOK 525.8m | n/a | n/a | |
| SDNS Shelf Drilling (North Sea) | NOK 27.40 | 11.8% +NOK 290.0m | 6.2% | PS2.2x | |
| DOFG DOF Group | NOK 105.60 | 1.2% +NOK 229.6m | 164.0% | PE4.4x | |
| DDRIL Dolphin Drilling | NOK 4.86 | 8.0% +NOK 105.1m | -48.8% | PS1.6x |
