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Ocean Yield

DB:OY3
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OY3
DB
NOK10B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Ocean Yield ASA, a ship owning company, invests in vessels within oil-service and industrial shipping areas in Norway. The last earnings update was 37 days ago. More info.


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OY3 Share Price and Events
7 Day Returns
3.8%
DB:OY3
1.9%
Europe Energy Services
0.7%
DE Market
1 Year Returns
-5.5%
DB:OY3
-8.8%
Europe Energy Services
-8.7%
DE Market
OY3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ocean Yield (OY3) 3.8% 2% 9.6% -5.5% 17.4% 48%
Europe Energy Services 1.9% 5.7% 27.3% -8.8% -26.5% -81.3%
DE Market 0.7% 2.2% 8.8% -8.7% 7.6% 9.7%
1 Year Return vs Industry and Market
  • OY3 outperformed the Energy Services industry which returned -8.8% over the past year.
  • OY3 outperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
OY3
Industry
5yr Volatility vs Market

OY3 Value

 Is Ocean Yield 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 Ocean Yield 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 Ocean Yield.

DB:OY3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:OY3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 23%) (147.8%))
1.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.838 * 5.96%)
11.18%

Discounted Cash Flow Calculation for DB:OY3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ocean Yield 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:OY3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.18%)
2019 -53.83 Analyst x3 -48.42
2020 162.00 Analyst x4 131.05
2021 207.75 Analyst x4 151.16
2022 243.90 Est @ 17.4% 159.62
2023 273.78 Est @ 12.25% 161.16
2024 297.45 Est @ 8.64% 157.48
2025 315.65 Est @ 6.12% 150.31
2026 329.38 Est @ 4.35% 141.07
2027 339.64 Est @ 3.11% 130.84
2028 347.28 Est @ 2.25% 120.32
Present value of next 10 years cash flows $1,254.59
DB:OY3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $347.28 × (1 + 0.23%) ÷ (11.18% – 0.23%)
$3,177.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,177.73 ÷ (1 + 11.18%)10
$1,101.02
DB:OY3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,254.59 + $1,101.02
$2,355.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,355.61 / 159.34
$145.1
DB:OY3 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:OCY)
8.497
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $14.78 x 8.497
NOK125.61
Non-primary Listing Adjustment Factor 1 share in DB:OY3 represents 0.10188x of OB:OCY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10188x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 125.61 x 0.10188
€12.80
Value per share (EUR) From above. €12.80
Current discount Discount to share price of €6.49
= -1 x (€6.49 - €12.80) / €12.80
49.3%

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

Current Discount
Amount off the current price Ocean Yield is available for.
Intrinsic value
49%
Share price is €6.49 vs Future cash flow value of €12.8
Current Discount Checks
For Ocean Yield to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ocean Yield's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ocean Yield'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 Ocean Yield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ocean Yield's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OY3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.36
OB:OCY Share Price ** OB (2019-03-21) in NOK NOK63.7
OB:OCY Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $7.5
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 20.69x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.55x

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

** Primary Listing of Ocean Yield.

DB:OY3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 7.5 ÷ 0.36

20.69x

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

  • Ocean Yield is overvalued based on earnings compared to the Europe Energy Services industry average.
  • Ocean Yield is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Ocean Yield's expected growth come at a high price?
Raw Data
DB:OY3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
26.3%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 1.05x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:OY3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.69x ÷ 26.3%

0.79x

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

  • Ocean Yield is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ocean Yield's assets?
Raw Data
DB:OY3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.31
OB:OCY Share Price * OB (2019-03-21) in NOK NOK63.7
OB:OCY Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $7.5
Europe Energy Services Industry PB Ratio Median Figure of 64 Publicly-Listed Energy Services Companies 0.98x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.79x
DB:OY3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.5 ÷ 5.31

1.41x

* Primary Listing of Ocean Yield.

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

  • Ocean Yield is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Ocean Yield'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. Ocean Yield has a total score of 3/6, 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.

OY3 Future Performance

 How is Ocean Yield expected to perform in the next 1 to 3 years based on estimates from 6 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
26.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ocean Yield expected to grow at an attractive rate?
  • Ocean Yield's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ocean Yield's earnings growth is expected to exceed the Germany market average.
  • Ocean Yield's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OY3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OY3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 26.3%
DB:OY3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.2%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.8%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:OY3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OY3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 376 282 1
2022-12-31 370 269 1
2021-12-31 270 173 115 5
2020-12-31 276 133 127 6
2019-12-31 243 152 69 5
DB:OY3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 343 192 57
2018-09-30 369 205 138
2018-06-30 363 198 129
2018-03-31 350 186 125
2017-12-31 339 170 128
2017-09-30 331 178 98
2017-06-30 319 210 99
2017-03-31 307 218 94
2016-12-31 294 195 76
2016-09-30 278 204 104
2016-06-30 267 195 95
2016-03-31 260 189 95

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ocean Yield's earnings are expected to grow significantly at over 20% yearly.
  • Ocean Yield's revenue is expected to grow by 0.2% 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:OY3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

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

DB:OY3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.66 1.00 0.26 5.00
2020-12-31 0.73 1.06 0.33 6.00
2019-12-31 0.47 0.61 0.27 5.00
DB:OY3 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.36
2018-09-30 0.89
2018-06-30 0.85
2018-03-31 0.84
2017-12-31 0.86
2017-09-30 0.66
2017-06-30 0.68
2017-03-31 0.66
2016-12-31 0.55
2016-09-30 0.77
2016-06-30 0.70
2016-03-31 0.70

*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.
  • Ocean Yield is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ocean Yield'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.
Ocean Yield has a total score of 3/6, 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.

OY3 Past Performance

  How has Ocean Yield 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 Ocean Yield'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.
  • Ocean Yield's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Ocean Yield's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ocean Yield's 1-year earnings growth is negative, it can't be compared to the Europe Energy Services industry average.
Earnings and Revenue History
Ocean Yield'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 Ocean Yield Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OY3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 343.40 57.00 19.50
2018-09-30 368.80 137.60 0.40
2018-06-30 362.60 129.00 0.40
2018-03-31 349.70 124.70 0.40
2017-12-31 339.10 128.20 0.40
2017-09-30 331.40 97.70 0.50
2017-06-30 318.80 98.70 0.50
2017-03-31 306.80 93.80 0.50
2016-12-31 294.30 76.10 0.50
2016-09-30 278.00 103.80 0.10
2016-06-30 267.20 94.70 0.10
2016-03-31 260.20 94.50 0.10
2015-12-31 256.70 104.00 0.10
2015-09-30 253.20 106.80
2015-06-30 253.30 108.50
2015-03-31 252.20 100.30
2014-12-31 249.30 100.70
2014-09-30 247.80 96.70
2014-06-30 244.20 91.30
2014-03-31 242.10 94.20
2013-12-31 239.00 82.70
2013-09-30 229.20 68.50
2013-06-30 213.40 61.50
2013-03-31 199.20 53.20
2012-12-31 188.00 27.70

*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.
  • Ocean Yield has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ocean Yield used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Ocean Yield has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ocean Yield'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.
Ocean Yield has a total score of 3/6, 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.

OY3 Health

 How is Ocean Yield'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 Ocean Yield's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ocean Yield's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ocean Yield's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ocean Yield'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 0.1x 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 Ocean Yield Company Filings, last reported 2 months ago.

DB:OY3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 845.70 1,762.90 110.00
2018-09-30 954.00 1,692.10 173.40
2018-06-30 946.20 1,591.30 266.00
2018-03-31 939.60 1,513.80 124.40
2017-12-31 831.50 1,510.40 98.70
2017-09-30 825.00 1,571.80 116.90
2017-06-30 823.80 1,614.00 126.80
2017-03-31 824.70 1,428.30 96.10
2016-12-31 815.20 1,553.80 165.50
2016-09-30 826.40 1,542.80 157.40
2016-06-30 709.10 1,454.10 110.80
2016-03-31 708.20 1,349.20 96.60
2015-12-31 708.80 1,158.90 117.70
2015-09-30 727.70 1,137.20 103.10
2015-06-30 730.70 1,042.30 94.60
2015-03-31 723.20 949.00 72.70
2014-12-31 718.70 994.50 76.40
2014-09-30 710.00 979.30 148.20
2014-06-30 707.10 929.10 102.80
2014-03-31 710.20 870.40 147.10
2013-12-31 703.70 871.80 132.90
2013-09-30 687.80 911.80 148.70
2013-06-30 522.00 964.10 60.10
2013-03-31 546.80 893.90 63.70
2012-12-31 533.00 858.40 104.60
  • Ocean Yield's level of debt (208.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (123.9% vs 208.5% today).
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Ocean Yield'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. Ocean Yield has a total score of 0/6, 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.

OY3 Dividends

 What is Ocean Yield'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
10.19%
Current annual income from Ocean Yield dividends. Estimated to be 9.84% next year.
If you bought €2,000 of Ocean Yield shares you are expected to receive €204 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?
  • Ocean Yield's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Ocean Yield's dividend is above the markets top 25% of dividend payers in Germany (3.84%).
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:OY3 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 6 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
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 3.8%

Industry and Market average data is calculated daily.

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

DB:OY3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.72 5.00
2020-12-31 0.72 6.00
2019-12-31 0.77 6.00
DB:OY3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.764 10.555
2018-11-01 0.764 10.593
2018-07-13 0.764 9.682
2018-07-12 0.764 8.927
2018-05-03 0.762 8.820
2018-02-15 0.758 8.704
2017-11-02 0.754 8.765
2017-07-18 0.750 8.561
2017-05-09 0.740 9.580
2017-02-16 0.730 9.887
2016-11-02 0.710 9.178
2016-07-12 0.690 8.560
2016-05-09 0.670 9.894
2016-03-18 0.650 9.975
2016-02-17 0.650 11.346
2015-11-02 0.630 8.650
2015-07-10 0.610 7.665
2015-05-05 0.590 8.080
2015-03-27 0.570 7.988
2015-02-25 0.570 9.290
2014-11-10 0.550 9.203
2014-07-11 0.520 7.925
2014-07-10 0.520 7.957
2014-05-08 0.500 7.675
2014-03-04 0.490 7.951
2013-11-12 0.480 8.452
2013-11-11 0.480 8.902
2013-07-05 0.400 8.156

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

  • Whilst dividend payments have been stable, Ocean Yield has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ocean Yield only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Ocean Yield's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Ocean Yield'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 Ocean Yield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ocean Yield 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.

OY3 Management

 What is the CEO of Ocean Yield'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
Lars Solbakken
COMPENSATION $1,588,851
AGE 61
TENURE AS CEO 7 years
CEO Bio

Mr. Lars Solbakken has been the Chief Executive Officer at Ocean Yield AS since March 23, 2012. Mr. Solbakken served as the Chief Executive Officer at Eidsiva Rederi ASA (also known as Norwegian Car Carriers ASA) from September 2009 to February 29, 2012. He served as Chief Executive Officer of Ship Finance Management AS from May 1, 2006 to May 2009. From June 1997 to April 2006, Mr. Solbakken served as General Manager of Fortis Bank In Norway and was responsible for its Shipping And Oil Service Activities In Scandinavia. From 1987 To 1997, he Served in several positions in Nordea Bank Norge Asa (previously Christiania Bank). He served as Senior Vice President And Deputy For the Shipping, Offshore And Aviation Group, Head of Equity Issues And Merger & Acquisition Activities And General Manager For the Seattle Branch. Prior To Joining Nordea Bank Norge Asa, Mr. Solbakken served Five Years at Wilh. Wilhelmsen Asa as Finance Manager. He serves as Chairman of Aker Floating Production ASA. He served as a Director at American Shipping Company ASA from March 1, 2011 to March 2012. Mr. Solbakken has a Master of Science from the Norwegian School of Economics and Business Administration.

CEO Compensation
  • Lars's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Lars's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Ocean Yield management team in years:

2.7
Average Tenure
39
Average Age
  • The tenure for the Ocean Yield management team is about average.
Management Team

Lars Solbakken

TITLE
Chief Executive Officer
COMPENSATION
$2M
AGE
61
TENURE
7 yrs

Eirik Eide

TITLE
Chief Financial Officer
COMPENSATION
$654K
AGE
48
TENURE
7 yrs

Andreas Reklev

TITLE
Senior Vice President of Investments
AGE
35
TENURE
2.5 yrs

Kristine Kosi

TITLE
Chief Accounting Officer
AGE
35

Marius Magelie

TITLE
Senior Vice President of Finance & Investor Relations
AGE
36
TENURE
2.9 yrs

Andreas Røde

TITLE
Head of Business Development and M&A
AGE
39
TENURE
1.5 yrs

Fredrik Bock-Hagen

TITLE
Managing Director Ocean Yield Malta Ltd
TENURE
1.2 yrs

Håvard Garseth

TITLE
Managing Director of Aker Floating Production AS
AGE
62
Board of Directors Tenure

Average tenure and age of the Ocean Yield board of directors in years:

5.7
Average Tenure
51.5
Average Age
  • The tenure for the Ocean Yield board of directors is about average.
Board of Directors

Frank Reite

TITLE
Chairman
AGE
48
TENURE
2.9 yrs

Kjell Røkke

TITLE
Director
AGE
60
TENURE
5.9 yrs

Jens Ismar

TITLE
Director
AGE
61
TENURE
5.7 yrs

Anne-Christin Døvigen

TITLE
Director
AGE
53
TENURE
5.7 yrs

Annicken Kildahl

TITLE
Director
AGE
50
TENURE
5.7 yrs

Per Reppe

TITLE
Deputy Director
AGE
33
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Sep 18 Buy Andreas Røde Individual 19. Sep 18 19. Sep 18 10,000 €6.63 €66,277
20. Sep 18 Buy Andreas Reklev Individual 19. Sep 18 19. Sep 18 5,000 €6.63 €33,139
20. Sep 18 Buy Eirik Eide Individual 19. Sep 18 19. Sep 18 20,000 €6.63 €132,554
20. Sep 18 Buy Marius Magelie Individual 19. Sep 18 19. Sep 18 6,000 €6.63 €39,766
20. Sep 18 Buy Lars Solbakken Individual 19. Sep 18 19. Sep 18 30,000 €6.63 €198,831
22. Mar 18 Buy Tom Sundby Individual 22. Mar 18 22. Mar 18 15,000 €6.92 €103,860
X
Management checks
We assess Ocean Yield'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. Ocean Yield 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.

OY3 News

Simply Wall St News

OY3 Company Info

Description

Ocean Yield ASA, a ship owning company, invests in vessels within oil-service and industrial shipping areas in Norway. The company operates through FPSO, Other Oil Service, Car Carriers, Container Vessels, Tankers, Other Shipping, and Other segments. As of December 31, 2017, it operated 1 floating, production, storage, and offloading vessel; 2 anchor handling tug supply vessels; 6 pure car truck carriers; 6 mega container vessels; 10 chemical tankers; 4 Aframax product tankers; 4 suezmax tankers; 2 gas carriers; 2 platform supply vessels; 1 construction vessel; 1 offshore construction and cable lay vessel; and 1 diving support and offshore construction vessel. The company also primarily invests in bonds. Ocean Yield ASA was founded in 2012 and is headquartered in Lysaker, Norway.

Details
Name: Ocean Yield ASA
OY3
Exchange: DB
Founded: 2012
NOK1,051,280,036
159,342,411
Website: http://www.oceanyield.no
Address: Ocean Yield ASA
Oksenøyveien 10,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB OCY Ordinary Shares Oslo Bors NO NOK 05. Jul 2013
OTCPK OYIE.F Ordinary Shares Pink Sheets LLC US USD 05. Jul 2013
DB OY3 Ordinary Shares Deutsche Boerse AG DE EUR 05. Jul 2013
LSE 0QG5 Ordinary Shares London Stock Exchange GB NOK 05. Jul 2013
BATS-CHIXE OCYO Ordinary Shares BATS 'Chi-X Europe' GB NOK 05. Jul 2013
Number of employees
Current staff
Staff numbers
22
Ocean Yield employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 22:22
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/12
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.