Odfjell Drilling Ltd.

DB:OD3 Stock Report

Market Cap: €1.0b

Odfjell Drilling Valuation

Is OD3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OD3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OD3 (€4.22) is trading below our estimate of fair value (€25.76)

Significantly Below Fair Value: OD3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OD3?

Key metric: As OD3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OD3. This is calculated by dividing OD3's market cap by their current earnings.
What is OD3's PE Ratio?
PE Ratio14.7x
EarningsUS$73.50m
Market CapUS$1.08b

Price to Earnings Ratio vs Peers

How does OD3's PE Ratio compare to its peers?

The above table shows the PE ratio for OD3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.7x
4DS Daldrup & Söhne
25.2x7.9%€54.8m
CE2 CropEnergies
83xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.1x12.9%€537.0m
OD3 Odfjell Drilling
14.7x55.9%€12.3b

Price-To-Earnings vs Peers: OD3 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (35.7x).

Price to Earnings Ratio vs Industry

How does OD3's PE Ratio compare vs other companies in the European Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OD3 14.7xIndustry Avg. 8.9xNo. of Companies8PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OD3 is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the European Energy Services industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is OD3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OD3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio38.8x

Price-To-Earnings vs Fair Ratio: OD3 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (38.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OD3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.22
€7.28
+72.7%
13.8%€8.80€6.04n/a4
Dec ’25€4.08
€7.23
+77.1%
13.7%€8.72€5.98n/a4
Nov ’25€4.16
€7.06
+69.7%
14.8%€8.74€5.98n/a4
Oct ’25€4.23
€6.90
+63.2%
15.0%€8.56€5.86n/a4
Sep ’25€4.54
€6.88
+51.6%
14.8%€8.53€5.87n/a4
Aug ’25€4.76
€6.20
+30.3%
14.0%€7.57€5.25n/a4
Jul ’25€5.04
€6.20
+22.9%
14.0%€7.57€5.25n/a4
Jun ’25€4.81
€6.13
+27.5%
13.6%€7.46€5.27n/a4
May ’25€4.38
€5.47
+25.0%
3.5%€5.72€5.25n/a4
Apr ’25€4.10
€5.00
+22.0%
12.4%€5.62€3.96n/a4
Mar ’25€3.86
€5.05
+30.9%
12.7%€5.74€4.00n/a4
Feb ’25€3.39
€4.58
+35.4%
15.2%€5.76€3.97n/a4
Jan ’25€3.39
€4.52
+33.3%
15.1%€5.68€3.91€4.224
Dec ’24€2.91
€4.08
+40.2%
4.2%€4.22€3.80€4.084
Nov ’24€3.27
€4.09
+25.2%
4.4%€4.37€3.90€4.164
Oct ’24€3.34
€4.06
+21.7%
4.8%€4.37€3.85€4.234
Sep ’24€3.09
€3.82
+23.7%
8.5%€4.32€3.42€4.544
Aug ’24€2.54
€3.33
+31.3%
7.0%€3.59€3.03€4.763
Jul ’24€2.28
€3.37
+47.9%
5.3%€3.56€3.13€5.043
Jun ’24€2.15
€3.37
+57.0%
6.3%€3.58€3.08€4.813
May ’24€1.99
€3.02
+51.5%
12.1%€3.49€2.60€4.383
Apr ’24€2.20
€3.08
+40.3%
12.0%€3.54€2.64€4.103
Mar ’24€2.34
€3.38
+44.3%
12.6%€3.90€2.83€3.864
Feb ’24€2.34
€3.06
+30.9%
14.7%€3.84€2.79€3.394
Jan ’24€2.35
€3.12
+32.9%
14.7%€3.91€2.84€3.394

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 16:53
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Odfjell Drilling Ltd. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
Håkon JohansenBeringer Finance AB
Ivar Lemmechen GjulBeringer Finance AB