Loading...

Dolphin Drilling

DB:FOH
Snowflake Description

Overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOH
DB
NOK66M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Dolphin Drilling ASA, together with its subsidiaries, provides exploration and development services to the oil and gas industry in Europe, Asia, the Americas, and Africa. The last earnings update was 103 days ago. More info.


Add to Portfolio Compare Print
  • Dolphin Drilling has significant price volatility in the past 3 months.
FOH Share Price and Events
7 Day Returns
0%
DB:FOH
-5.2%
Europe Energy Services
-0.7%
DE Market
1 Year Returns
-90.2%
DB:FOH
-25%
Europe Energy Services
-7.6%
DE Market
FOH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dolphin Drilling (FOH) 0% -71.7% 1.9% -90.2% -96.3% -99.6%
Europe Energy Services -5.2% 1.7% -11.6% -25% -30.2% -84.2%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • FOH underperformed the Energy Services industry which returned -25% over the past year.
  • FOH underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
FOH
Industry
5yr Volatility vs Market

FOH Value

 Is Dolphin Drilling 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
  • It is not possible to calculate the future cash flow value for Dolphin Drilling. This is due to cash flow or dividend data being unavailable. The share price is €0.0642.
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 Dolphin Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dolphin Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FOH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-7.61
OB:DDASA Share Price ** OB (2019-06-26) in NOK NOK0.99
OB:DDASA Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $0.12
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 19.23x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Dolphin Drilling.

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

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

= 0.12 ÷ -7.61

-0.02x

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

  • Dolphin Drilling is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Dolphin Drilling is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Dolphin Drilling's expected growth come at a high price?
Raw Data
DB:FOH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
38.4%per year
Europe Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 0.94x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Dolphin Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dolphin Drilling's assets?
Raw Data
DB:FOH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.04
OB:DDASA Share Price * OB (2019-06-26) in NOK NOK0.99
OB:DDASA Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $0.12
Europe Energy Services Industry PB Ratio Median Figure of 63 Publicly-Listed Energy Services Companies 0.84x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:FOH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.12 ÷ 1.04

0.11x

* Primary Listing of Dolphin Drilling.

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

  • Dolphin Drilling is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Dolphin Drilling'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. Dolphin Drilling has a total score of 1/6, 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.

FOH Future Performance

 How is Dolphin Drilling expected to perform in the next 1 to 3 years based on estimates from 4 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
38.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dolphin Drilling expected to grow at an attractive rate?
  • Unable to compare Dolphin Drilling's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Dolphin Drilling's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Dolphin Drilling's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FOH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FOH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 38.4%
DB:FOH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 12.1%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.5%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:FOH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FOH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 179 -40 -196 2
2020-12-31 215 -13 -199 4
2019-12-31 148 -37 -237 4
DB:FOH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 145 -117 -504
2018-09-30 156 -119 -413
2018-06-30 215 14 -356
2018-03-31 252 76 -273
2017-12-31 279 168 -257
2017-09-30 386 277 -185
2017-06-30 524 291 -173
2017-03-31 688 342 -164
2016-12-31 825 393 -105
2016-09-30 933 462 -229
2016-06-30 961 474 -174
2016-03-31 1,068 583 -387

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dolphin Drilling is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Dolphin Drilling's revenue is expected to grow by 12.1% 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:FOH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Dolphin Drilling Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FOH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -2.95 -2.87 -3.03 2.00
2020-12-31 -3.01 -2.55 -3.49 4.00
2019-12-31 -3.57 -3.13 -3.80 4.00
DB:FOH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -7.61
2018-09-30 -6.23
2018-06-30 -5.38
2018-03-31 -4.12
2017-12-31 -3.87
2017-09-30 -2.79
2017-06-30 -2.62
2017-03-31 -2.47
2016-12-31 -1.58
2016-09-30 -3.45
2016-06-30 -2.62
2016-03-31 -5.85

*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.
  • Unable to establish if Dolphin Drilling will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dolphin Drilling'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 Europe 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.
Dolphin Drilling has a total score of 1/6, 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.

FOH Past Performance

  How has Dolphin Drilling 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 Dolphin Drilling's growth in the last year to its industry (Energy Services).
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.
  • Dolphin Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Dolphin Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dolphin Drilling's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Dolphin Drilling'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 Dolphin Drilling Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FOH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 145.48 -504.23 87.51
2018-09-30 156.10 -413.04 71.26
2018-06-30 214.50 -356.34 71.26
2018-03-31 252.10 -272.84 71.26
2017-12-31 279.10 -256.74 71.26
2017-09-30 386.43 -185.05 155.83
2017-06-30 523.73 -173.35 155.83
2017-03-31 688.13 -163.95 155.83
2016-12-31 825.03 -104.65 155.83
2016-09-30 933.45 -228.78 258.42
2016-06-30 961.25 -173.58 258.42
2016-03-31 1,067.85 -387.48 258.42
2015-12-31 1,116.45 -350.88 258.42
2015-09-30 1,148.77 -140.95 323.18
2015-06-30 1,242.77 -170.55 323.18
2015-03-31 1,190.17 163.75 323.18
2014-12-31 1,184.07 117.35 323.18
2014-09-30 1,184.47 67.75 327.65
2014-06-30 1,156.17 160.75 327.65
2014-03-31 1,189.57 250.35 327.65
2013-12-31 1,194.37 300.75 327.65
2013-09-30 1,167.07 303.43 279.19
2013-06-30 1,168.16 307.49 275.43
2013-03-31 1,183.66 322.06 287.06
2012-12-31 1,235.19 327.28 301.59
2012-09-30 1,207.28 358.86 247.49

*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.
  • It is difficult to establish if Dolphin Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dolphin Drilling has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dolphin Drilling improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Dolphin Drilling'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 Energy Services 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.
Dolphin Drilling has a total score of 0/6, 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.

FOH Health

 How is Dolphin Drilling'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 Dolphin Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dolphin Drilling's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Dolphin Drilling's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dolphin Drilling'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 0.3x 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 Dolphin Drilling Company Filings, last reported 6 months ago.

DB:FOH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 68.61 748.57 136.95
2018-09-30 242.20 745.70 153.80
2018-06-30 344.80 737.00 192.60
2018-03-31 552.40 737.80 253.50
2017-12-31 593.31 878.00 434.97
2017-09-30 660.30 879.80 451.90
2017-06-30 703.60 876.30 351.90
2017-03-31 826.80 872.40 333.30
2016-12-31 853.24 881.53 290.36
2016-09-30 853.50 1,077.90 391.00
2016-06-30 885.30 1,101.80 132.90
2016-03-31 1,000.40 1,228.40 197.10
2015-12-31 965.53 1,330.58 214.10
2015-09-30 1,068.60 1,411.60 209.50
2015-06-30 1,049.30 1,439.90 186.00
2015-03-31 1,376.50 1,429.50 152.40
2014-12-31 1,307.93 1,458.70 203.43
2014-09-30 1,234.40 1,505.10 174.50
2014-06-30 1,242.70 1,476.60 226.10
2014-03-31 1,460.20 1,367.80 398.70
2013-12-31 1,436.91 796.74 222.09
2013-09-30 1,391.55 844.88 204.70
2013-06-30 1,294.60 903.99 180.67
2013-03-31 1,432.46 823.17 238.65
2012-12-31 1,366.08 900.15 249.09
2012-09-30 1,360.69 941.58 209.68
  • Dolphin Drilling's level of debt (1091.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.9% vs 1091.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Dolphin Drilling has less than a year of cash runway based on current free cash flow.
  • Dolphin Drilling has less than a year of cash runway if free cash flow continues to grow at historical rates of 63.3% each year.
X
Financial health checks
We assess Dolphin Drilling'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. Dolphin Drilling has a total score of 1/6, 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.

FOH Dividends

 What is Dolphin Drilling'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
0%
Current annual income from Dolphin Drilling dividends. Estimated to be 0% next year.
If you bought €2,000 of Dolphin Drilling shares you are expected to receive €0 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?
  • Unable to evaluate Dolphin Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dolphin Drilling's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:FOH 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 4 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.7%
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:FOH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00
DB:FOH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-10-28 0.000 0.000
2015-07-10 0.000 0.000
2015-05-06 0.000 0.000
2015-04-30 0.000 0.000
2015-02-11 0.000 0.000
2014-05-07 2.559 19.644
2013-04-29 3.177 8.332
2013-02-06 3.377 8.017
2012-04-24 3.263 8.492
2012-02-16 3.433 8.785
2011-05-03 1.647 5.124
2010-04-30 1.496 4.687
2010-02-17 1.649 4.518
2009-05-11 3.808 11.241

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

  • Unable to perform a dividend volatility check as Dolphin Drilling has not reported any payouts.
  • Unable to verify if Dolphin Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dolphin Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dolphin Drilling has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Dolphin Drilling's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Dolphin Drilling'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 Dolphin Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dolphin Drilling has a total score of 0/6, see the detailed checks below.


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

FOH Management

 What is the CEO of Dolphin Drilling'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
Ivar Brandvold
COMPENSATION $722,000
AGE 63
TENURE AS CEO 9.7 years
CEO Bio

Mr. Ivar Brandvold serves as Chief Operating Officer of NOIL Energy ASA. Mr. Brandvold has been the Chief Executive Officer and President of Fred. Olsen Energy ASA since November 1, 2009. He has 24 years of experience. He has broad experience from several senior positions in Norsk Hydro, including exploration, drilling, technology development and production in both Norway and international assignments. Mr. Brandvold served as the Chief Operating Officer of DNO International ASA since April 17, 2007. Before joining Norsk Hydro in 1984, he worked in Kongsberg Engineering as. He served as Head of Drilling of Norsk Hydro ASA until 2007 and was responsible for its global drilling operations. He serves as the Chairman of Fred. Olsen Production ASA and has been its Director since November 21, 2011. He served as Deputy Chairman of Det Norske Oljeselskap ASA from 2007 to September 2009. He served as a Director of Det Norske Oljeselskap ASA from 2007 to September 2009. He serves as a Member of the Council of Stiftelsen Det Norske Veritas. Mr. Brandvold holds a Masters degree in Mechanical Engineering and Petroleum Technology from NTH in Trondheim, Norway.

CEO Compensation
  • Ivar's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Ivar to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Dolphin Drilling management team in years:

7.5
Average Tenure
53
Average Age
  • The average tenure for the Dolphin Drilling management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ivar Brandvold

TITLE
President & CEO
COMPENSATION
$722K
AGE
63
TENURE
9.7 yrs

Hjalmar Moe

TITLE
Chief Financial Officer
COMPENSATION
$324K
AGE
48
TENURE
12.1 yrs

Robert Cooper

TITLE
Chief Executive Officer of Harland & Wolff Group Plc
COMPENSATION
$310K
AGE
67
TENURE
16.4 yrs

Gunnar Koløen

TITLE
Managing Director of Dolphin Drilling Pte Ltd.
COMPENSATION
$415K
AGE
41
TENURE
5 yrs

Johan Finnestad

TITLE
Chief Operating Officer
COMPENSATION
$72K
AGE
54

Gudmund Gardsjord

TITLE
Chief Technical Officer
AGE
41
TENURE
2.7 yrs

Svein Bjørnstad

TITLE
Chief Information Officer
AGE
56
TENURE
0.2 yrs

Arild Simonsen

TITLE
Vice President of Human Relations
AGE
53
TENURE
7.5 yrs

Einar Tyssen

TITLE
Chief Business Development Officer
AGE
48

Sølvi Spronsen

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Dolphin Drilling board of directors in years:

12.1
Average Tenure
68
Average Age
  • The average tenure for the Dolphin Drilling board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Aksel Hillestad

TITLE
Chairman of the Board
AGE
71
TENURE
0.2 yrs

Jan-Peter Valheim

TITLE
Independent Director
COMPENSATION
$24K
AGE
68
TENURE
12.2 yrs

Cecilie Heuch

TITLE
Independent Director
COMPENSATION
$24K
AGE
54
TENURE
12.1 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 (€)
X
Management checks
We assess Dolphin Drilling'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. Dolphin Drilling 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.

FOH News

Simply Wall St News

FOH Company Info

Description

Dolphin Drilling ASA, together with its subsidiaries, provides exploration and development services to the oil and gas industry in Europe, Asia, the Americas, and Africa. It operates in two segments, Offshore Drilling, and Engineering and Fabrication. The Offshore Drilling segment offers services and leases drilling units to the offshore oil and gas industry. The Engineering and Fabrication segment provides engineering, fabrication, shipbuilding, and repair services for various offshore and onshore industries. It owns two deepwater units and three midwater semi-submersible drilling rigs. The company was formerly known as Fred. Olsen Energy ASA and changed its name to Dolphin Drilling ASA in December 2018. Dolphin Drilling ASA was founded in 1965 and is headquartered in Oslo, Norway.

Details
Name: Dolphin Drilling ASA
FOH
Exchange: DB
Founded: 1965
NOK6,822,500
66,264,129
Website: http://dolphindrilling.no
Address: Dolphin Drilling ASA
Fred. Olsens Gate 2,
Oslo,
Oslo, 0152,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB DDASA Common Shares Oslo Bors NO NOK 15. Oct 1997
OTCPK FOEA.F Common Shares Pink Sheets LLC US USD 15. Oct 1997
DB FOH Common Shares Deutsche Boerse AG DE EUR 15. Oct 1997
LSE 0EHF Common Shares London Stock Exchange GB NOK 15. Oct 1997
OTCPK FOEA.Y UNSPONSORED ADS Pink Sheets LLC US USD 17. Oct 2008
Number of employees
Current staff
Staff numbers
501
Dolphin Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:57
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
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.