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Aker BP

DB:ARC
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARC
DB
NOK90B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Aker BP ASA engages in the exploration, development, and production of oil and gas on the Norwegian Continental Shelf. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Aker BP has significant price volatility in the past 3 months.
ARC Share Price and Events
7 Day Returns
-9.6%
DB:ARC
1.6%
DE Oil and Gas
-1.1%
DE Market
1 Year Returns
-13.7%
DB:ARC
26.3%
DE Oil and Gas
-8.5%
DE Market
ARC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aker BP (ARC) -9.6% 7.9% -19.8% -13.7% 119.6% 220.2%
DE Oil and Gas 1.6% 3.4% 9.1% 26.3% 26% 73.7%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • ARC underperformed the Oil and Gas industry which returned 26.3% over the past year.
  • ARC underperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
ARC
Industry
5yr Volatility vs Market

ARC Value

 Is Aker BP 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aker BP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aker BP.

DB:ARC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ARC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.919 (1 + (1- 23%) (28.96%))
1.083
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.083 * 5.96%)
6.68%

Discounted Cash Flow Calculation for DB:ARC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aker BP is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ARC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.68%)
2020 963.27 Analyst x6 902.91
2021 443.97 Analyst x7 390.07
2022 1,134.27 Analyst x3 934.14
2023 1,629.96 Analyst x2 1,258.26
2024 1,925.61 Est @ 18.14% 1,393.36
2025 2,171.43 Est @ 12.77% 1,472.78
2026 2,366.95 Est @ 9% 1,504.81
2027 2,517.76 Est @ 6.37% 1,500.39
2028 2,631.78 Est @ 4.53% 1,470.07
2029 2,717.00 Est @ 3.24% 1,422.58
Present value of next 10 years cash flows $12,249.39
DB:ARC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,717.00 × (1 + 0.23%) ÷ (6.68% – 0.23%)
$42,177.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $42,177.78 ÷ (1 + 6.68%)10
$22,083.69
DB:ARC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $12,249.39 + $22,083.69
$34,333.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $34,333.07 / 359.72
$95.44
DB:ARC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:AKERBP)
8.569
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $95.44 x 8.569
NOK817.88
Non-primary Listing Adjustment Factor 1 share in DB:ARC represents 0.10176x of OB:AKERBP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10176x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 817.88 x 0.10176
€83.23
Value per share (EUR) From above. €83.23
Current discount Discount to share price of €25.44
= -1 x (€25.44 - €83.23) / €83.23
69.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aker BP is available for.
Intrinsic value
>50%
Share price is €25.44 vs Future cash flow value of €83.23
Current Discount Checks
For Aker BP to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aker BP's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aker BP's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Aker BP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aker BP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ARC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.70
OB:AKERBP Share Price ** OB (2019-07-19) in NOK NOK250
OB:AKERBP Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $29.17
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 8.79x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aker BP.

DB:ARC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:AKERBP Share Price ÷ EPS (both in USD)

= 29.17 ÷ 0.70

41.55x

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

  • Aker BP is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Aker BP is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Aker BP's expected growth come at a high price?
Raw Data
DB:ARC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
31.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 0.84x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:ARC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.55x ÷ 31.5%

1.32x

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

  • Aker BP is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aker BP's assets?
Raw Data
DB:ARC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $7.40
OB:AKERBP Share Price * OB (2019-07-19) in NOK NOK250
OB:AKERBP Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $29.17
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.28x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:ARC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:AKERBP Share Price ÷ Book Value per Share (both in USD)

= 29.17 ÷ 7.40

3.94x

* Primary Listing of Aker BP.

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

  • Aker BP is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Aker BP'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Aker BP has a total score of 2/6, 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.

ARC Future Performance

 How is Aker BP expected to perform in the next 1 to 3 years based on estimates from 19 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
31.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aker BP expected to grow at an attractive rate?
  • Aker BP's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Aker BP's earnings growth is expected to exceed the Germany market average.
  • Aker BP's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ARC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ARC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 31.5%
DB:ARC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 16.5%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:ARC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ARC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,011 2,919 1,424 6
2022-12-31 6,335 2,722 1,210 6
2021-12-31 5,200 2,481 829 17
2020-12-31 4,924 2,829 701 19
2019-12-31 3,499 1,843 350 16
DB:ARC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 3,475 3,563 253
2019-03-31 3,623 3,790 318
2018-12-31 3,711 3,800 476
2018-09-30 3,590 2,453 455
2018-06-30 3,213 2,487 443
2018-03-31 2,875 2,318 374
2017-12-31 2,576 2,155 275
2017-09-30 2,383 1,935 174
2017-06-30 2,026 1,455 125
2017-03-31 1,707 1,145 72
2016-12-31 1,261 896 35
2016-09-30 938 698 -54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aker BP's earnings are expected to grow significantly at over 20% yearly.
  • Aker BP's revenue is expected to grow by 16.5% yearly, however this is not considered high growth (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
DB:ARC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Aker BP Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ARC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.65 4.97 1.98 3.00
2022-12-31 2.90 3.40 1.89 3.00
2021-12-31 2.12 2.88 1.34 15.00
2020-12-31 1.87 2.52 1.07 16.00
2019-12-31 1.01 1.29 0.82 10.00
DB:ARC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.70
2019-03-31 0.88
2018-12-31 1.32
2018-09-30 1.28
2018-06-30 1.26
2018-03-31 1.08
2017-12-31 0.81
2017-09-30 0.51
2017-06-30 0.41
2017-03-31 0.26
2016-12-31 0.15
2016-09-30 -0.27

*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.
  • Aker BP is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aker BP'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Aker BP 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.

ARC Past Performance

  How has Aker BP 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 Aker BP's growth in the last year to its industry (Oil and Gas).
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.
  • Aker BP has delivered over 20% year on year earnings growth in the past 5 years.
  • Aker BP's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aker BP's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Aker BP'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 Aker BP Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ARC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,474.79 252.86 316.60
2019-03-31 3,623.07 318.33 331.61
2018-12-31 3,711.47 476.42 295.91
2018-09-30 3,590.27 455.40 279.63
2018-06-30 3,212.87 442.56 250.00
2018-03-31 2,874.99 374.48 250.10
2017-12-31 2,575.65 274.79 225.70
2017-09-30 2,383.27 173.75 213.80
2017-06-30 2,026.41 125.14 180.76
2017-03-31 1,707.21 71.56 141.60
2016-12-31 1,260.80 34.97 147.45
2016-09-30 938.42 -54.21 123.33
2016-06-30 971.75 -283.83 109.25
2016-03-31 1,036.56 -282.86 97.99
2015-12-31 1,159.54 -312.65 76.40
2015-09-30 1,285.11 -443.36 77.60
2015-06-30 1,022.99 -294.12 126.08
2015-03-31 710.35 -274.12 120.85
2014-12-31 412.00 -279.14 124.16
2014-09-30 119.52 -51.37 146.27
2014-06-30 148.51 -58.57 148.87
2014-03-31 171.04 -92.54 161.24
2013-12-31 158.78 -93.35 182.67
2013-09-30 132.75 -44.43 190.31
2013-06-30 85.95 -114.49 176.99
2013-03-31 52.71 -149.40 191.22
2012-12-31 58.39 -171.94 255.88
2012-09-30 52.95 -164.86 222.89

*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.
  • Aker BP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aker BP used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Aker BP has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aker BP'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 Oil and Gas 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.
Aker BP has a total score of 2/6, 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.

ARC Health

 How is Aker BP'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 Aker BP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aker BP's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Aker BP's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aker BP'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.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 Aker BP Company Filings, last reported 2 weeks ago.

DB:ARC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,663.80 2,664.76 101.83
2019-03-31 2,799.46 2,253.53 113.68
2018-12-31 2,989.92 2,044.72 44.94
2018-09-30 3,082.58 2,983.44 126.61
2018-06-30 3,063.70 3,026.66 49.25
2018-03-31 3,110.47 3,085.90 38.00
2017-12-31 2,988.60 3,402.67 232.50
2017-09-30 2,502.10 2,030.24 80.76
2017-06-30 2,452.57 2,391.89 65.57
2017-03-31 2,455.17 2,539.89 182.80
2016-12-31 2,449.21 2,571.13 115.29
2016-09-30 2,578.71 3,185.23 788.69
2016-06-30 377.51 2,889.96 71.34
2016-03-31 371.20 2,772.75 157.61
2015-12-31 339.03 2,676.55 93.51
2015-09-30 495.19 2,398.08 209.83
2015-06-30 661.38 2,363.94 191.06
2015-03-31 654.10 2,378.77 414.72
2014-12-31 651.66 2,296.09 299.53
2014-09-30 965.76 985.14 450.51
2014-06-30 544.53 1,008.11 161.49
2014-03-31 529.61 893.88 141.13
2013-12-31 524.10 828.11 284.90
2013-09-30 584.66 800.17 206.45
2013-06-30 602.73 664.41 140.95
2013-03-31 635.28 523.41 129.82
2012-12-31 671.08 449.38 211.47
2012-09-30 481.92 560.82 131.81
  • Aker BP's level of debt (100%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (183.5% vs 100% today).
  • Debt is well covered by operating cash flow (133.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26x coverage).
X
Financial health checks
We assess Aker BP'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. Aker BP has a total score of 3/6, 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.

ARC Dividends

 What is Aker BP'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
7.14%
Current annual income from Aker BP dividends. Estimated to be 8.49% next year.
If you bought €2,000 of Aker BP shares you are expected to receive €143 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?
  • Aker BP's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Aker BP's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Upcoming dividend payment

Purchase Aker BP before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:ARC 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 19 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 5.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ARC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.18 6.00
2022-12-31 2.90 6.00
2021-12-31 2.65 19.00
2020-12-31 2.34 21.00
2019-12-31 2.08 18.00
DB:ARC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-12 2.083 6.941
2019-04-26 2.083 7.186
2019-02-06 2.083 5.984
2019-01-15 2.083 6.411
2018-10-19 1.250 4.289
2018-05-07 1.250 3.425
2018-02-02 1.250 4.502
2017-10-30 0.740 2.934
2017-07-14 0.740 3.950
2017-04-28 0.740 4.637
2016-10-31 0.740 4.332

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

  • Whilst dividend payments have been stable, Aker BP has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Aker BP only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Aker BP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Aker BP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Aker BP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aker BP has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ARC Management

 What is the CEO of Aker BP'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
Karl Hersvik
COMPENSATION $1,994,000
AGE 47
TENURE AS CEO 5.2 years
CEO Bio

Mr. Karl Johnny Hersvik has been the Chief Executive Officer of Aker BP ASA since May 1, 2014. Mr. Hersvik served as a Senior Vice President at Statoil ASA. Mr. Hersvik has been Senior Vice President of Statoil's Research and Development division in Trondheim since January 2011. Since 1998, he has held many professional and management positions in Statoil and Hydro, including Chief Reservoir Engineer and Operations Manager. Mr. Hersvik has also held several positions in business development, including vice president and project lead for the West Qurna project in Iraq and vice president for Production Technology. He serves as a Member of Advisory Board of EV Private Equity. He serves as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Hersvik holds a Cand Scient degree in Industrial Mathematics from the University i Bergen.

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

Average tenure and age of the Aker BP management team in years:

0.9
Average Tenure
48
Average Age
  • The average tenure for the Aker BP management team is less than 2 years, this suggests a new team.
Management Team

Karl Hersvik

TITLE
Chief Executive Officer
COMPENSATION
$2M
AGE
47
TENURE
5.2 yrs

Terje Solheim

TITLE
GM of Harstad Office & Employee Representative Director
COMPENSATION
$28K
AGE
57

Per Kongelf

TITLE
Senior Vice President of Improvement
COMPENSATION
$609K
AGE
60

Tommy Sigmundstad

TITLE
Senior Vice President of Drilling & Wells
COMPENSATION
$562K
AGE
49

Ole-Johan Molvig

TITLE
Senior Vice President of Reservoir Development
COMPENSATION
$554K
AGE
47
TENURE
2.6 yrs

Evy Glørstad-Clark

TITLE
Senior Vice President of Exploration & Asset Initiation
COMPENSATION
$849K
AGE
44
TENURE
0.9 yrs

Øyvind Bratsberg

TITLE
Special Advisor
COMPENSATION
$658K
AGE
60

David Tønne

TITLE
Chief Financial Officer
AGE
34
TENURE
0.4 yrs

Kjetel Digre

TITLE
Senior Vice President of Operations & Asset Development
AGE
50
TENURE
0.2 yrs

Gudmund Evju

TITLE
Acting SVP Technology and Field Development
COMPENSATION
$7K
AGE
47
Board of Directors Tenure

Average tenure and age of the Aker BP board of directors in years:

3.3
Average Tenure
60
Average Age
  • The tenure for the Aker BP board of directors is about average.
Board of Directors

Øyvind Eriksen

TITLE
Chairman of the Board
COMPENSATION
$108K
AGE
55
TENURE
3.3 yrs

Anne Cannon

TITLE
Deputy Chair of the Board
COMPENSATION
$68K
AGE
62
TENURE
6.3 yrs

Terje Solheim

TITLE
GM of Harstad Office & Employee Representative Director
COMPENSATION
$28K
AGE
57
TENURE
5.3 yrs

Finn Berg-Jacobsen

TITLE
Chairman of Corporate Assembly
AGE
79

Trond Brandsrud

TITLE
Director
COMPENSATION
$71K
AGE
61
TENURE
3.3 yrs

Kjell Røkke

TITLE
Director
COMPENSATION
$47K
AGE
61
TENURE
6.3 yrs

Gro Kielland

TITLE
Director
COMPENSATION
$61K
AGE
60
TENURE
5.3 yrs

Bernard Looney

TITLE
Director
AGE
49
TENURE
2.8 yrs

Kate Thomson

TITLE
Director
TENURE
2.8 yrs

Ørjan Holstad

TITLE
Employee Representative Director
COMPENSATION
$28K
AGE
30
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Feb 19 Buy Anne Cannon Individual 14. Feb 19 14. Feb 19 5,770 €29.62 €170,932
08. Feb 19 Buy Gro Kielland Individual 07. Feb 19 07. Feb 19 1,750 €29.16 €51,030
23. Oct 18 Buy Tommy Sigmundstad Individual 23. Oct 18 23. Oct 18 7,000 €30.43 €212,984
X
Management checks
We assess Aker BP'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. Aker BP 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.

ARC News

Simply Wall St News

ARC Company Info

Description

Aker BP ASA engages in the exploration, development, and production of oil and gas on the Norwegian Continental Shelf. The company has working interests in 40 fields/projects. As of December 31, 2018, its total net proven reserves were 683 million barrels of oil equivalents; and estimated total net proven plus probable reserves were 917 million barrels of oil equivalents. The company was formerly known as Det norske oljeselskap ASA and changed its name to Aker BP ASA in October 2016. Aker BP ASA was founded in 2001 and is headquartered in Fornebu, Norway.

Details
Name: Aker BP ASA
ARC
Exchange: DB
Founded: 2001
NOK9,352,735,985
359,723,521
Website: http://www.akerbp.com
Address: Aker BP ASA
Building B,
Fornebuporten,
Fornebu,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB AKERBP Ordinary Shares Oslo Bors NO NOK 22. Dec 2009
OTCPK DETN.F Ordinary Shares Pink Sheets LLC US USD 22. Dec 2009
DB ARC Ordinary Shares Deutsche Boerse AG DE EUR 22. Dec 2009
LSE 0M5J Ordinary Shares London Stock Exchange GB NOK 22. Dec 2009
BATS-CHIXE AKERBO Ordinary Shares BATS 'Chi-X Europe' GB NOK 22. Dec 2009
Number of employees
Current staff
Staff numbers
1,493
Aker BP employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 21:27
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/07/12
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.