Ocean Yield ASA, a ship owning company, invests in vessels on long-term charters within oil-service and industrial shipping areas in Norway.
Moderate growth potential and slightly overvalued.
Share Price & News
How has Ocean Yield's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OY3 has not had significant price volatility in the past 3 months.
7 Day Return
DE Energy Services
1 Year Return
DE Energy Services
Return vs Industry: OY3 underperformed the German Energy Services industry which returned -16.1% over the past year.
Return vs Market: OY3 underperformed the German Market which returned 13.7% over the past year.
Price Volatility Vs. Market
How volatile is Ocean Yield's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Ocean Yield undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OY3 (€4.21) is trading below our estimate of fair value (€5.77)
Significantly Below Fair Value: OY3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OY3 is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: OY3 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OY3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OY3 is overvalued based on its PB Ratio (0.9x) compared to the XE Energy Services industry average (0.7x).
How is Ocean Yield forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OY3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: OY3 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OY3's is expected to become profitable in the next 3 years.
Revenue vs Market: OY3's revenue (1.4% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: OY3's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OY3's Return on Equity is forecast to be low in 3 years time (9%).
How has Ocean Yield performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OY3 is currently unprofitable.
Growing Profit Margin: OY3 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OY3 is unprofitable, and losses have increased over the past 5 years at a rate of -24.6% per year.
Accelerating Growth: Unable to compare OY3's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OY3 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (46.6%).
Return on Equity
High ROE: OY3 has a negative Return on Equity (-4.55%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Ocean Yield's financial position?
Financial Position Analysis
Short Term Liabilities: OY3's short term assets ($412.3M) exceed its short term liabilities ($333.0M).
Long Term Liabilities: OY3's short term assets ($412.3M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: OY3's debt to equity ratio (249.3%) is considered high.
Reducing Debt: OY3's debt to equity ratio has increased from 138.3% to 249.3% over the past 5 years.
Inventory Level: OY3 has a high level of physical assets or inventory.
Debt Coverage by Assets: OY3's debt is not covered by short term assets (assets are 0.2x debt).
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.
Stable Cash Runway: OY3 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: OY3 has been profitable on average in the past, therefore cash runway is not a concern.
What is Ocean Yield's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: OY3's dividend (16.47%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: OY3's dividend (16.47%) is in the top 25% of dividend payers in the German market (3.65%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OY3 has been paying a dividend for less than 10 years.
Growing Dividend: OY3's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: OY3 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: OY3's dividends in 3 years are not forecast to be well covered by earnings (130.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Solbakken (62yo)
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 Carrie ...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD1.50M) is about average for companies of similar size in the German market ($USD1.19M).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||7.9yrs||US$1.50m||0.89% $6.6m|
|Chief Financial Officer||7.9yrs||US$635.75k||0.20% $1.5m|
|Senior Vice President of Investments||3.5yrs||no data||0.017% $128.0k|
|Chief Accounting Officer||0yrs||no data||no data|
|Senior Vice President of Finance & Investor Relations||3.8yrs||no data||0.067% $499.9k|
|Head of Business Development and M&A||2.4yrs||no data||0.026% $192.1k|
|Managing Director Ocean Yield Malta Ltd||2.1yrs||no data||no data|
|Managing Director of Aker Floating Production AS||0yrs||no data||no data|
Experienced Management: OY3's management team is considered experienced (3.7 years average tenure).
|Director||6.8yrs||no data||0.16% $1.2m|
|Director||6.6yrs||no data||0.011% $85.3k|
|Chairman||3.8yrs||no data||0.0063% $47.4k|
|Director||6.6yrs||no data||0.018% $138.3k|
|Director||6.6yrs||no data||no data|
|Deputy Director||3.8yrs||no data||no data|
Experienced Board: OY3's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OY3 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Ocean Yield ASA's company bio, employee growth, exchange listings and data sources
- Name: Ocean Yield ASA
- Ticker: OY3
- Exchange: DB
- Founded: 2012
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr7.537b
- Listing Market Cap: kr747.873m
- Shares outstanding: 175.08m
- Website: https://www.oceanyield.no
Number of Employees
- Ocean Yield ASA
- Oksenøyveien 10
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCY||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2013|
|OY3||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2013|
|0QG5||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2013|
|OYIE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2013|
|OCYO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2013|
Ocean Yield ASA, a ship owning company, invests in vessels on long-term charters within oil-service and industrial shipping areas in Norway. The company operates through FPSO, Other Oil Service, Car Carriers, Container Vessels, Tankers, and Other Shipping segments. As of October 15, 2019, it operated a fleet of 65 vessels. The company was founded in 2012 and is headquartered in Lysaker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 22:35|
|End of Day Share Price||2020/02/21 00:00|
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.