DB:O7F1

Stock Analysis Report

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Executive Summary

Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products.

Rewards

Trading at 80.9% below our estimate of its fair value

Earnings are forecast to grow 95.38% per year

Risk Analysis

No risks detected for O7F1 from our risk checks.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Odfjell's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: O7F1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.5%

O7F1

4.4%

DE Shipping

2.6%

DE Market


1 Year Return

-20.0%

O7F1

8.1%

DE Shipping

8.1%

DE Market

Return vs Industry: O7F1 underperformed the German Shipping industry which returned 6.3% over the past year.

Return vs Market: O7F1 underperformed the German Market which returned 6.4% over the past year.


Shareholder returns

O7F1IndustryMarket
7 Day5.5%4.4%2.6%
30 Day1.1%1.4%0.6%
90 Day-4.0%-15.7%11.5%
1 Year-20.0%-20.0%9.7%8.1%10.5%8.1%
3 Year-34.1%-37.5%-9.6%-20.3%6.3%-2.1%
5 Year-6.1%-15.1%1.8%-17.0%15.2%-0.3%

Price Volatility Vs. Market

How volatile is Odfjell's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Odfjell undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: O7F1 (€1.92) is trading below our estimate of fair value (€10.06)

Significantly Below Fair Value: O7F1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: O7F1 is unprofitable, so we can't compare its PE Ratio to the XE Shipping industry average.

PE vs Market: O7F1 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 O7F1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: O7F1 is good value based on its PB Ratio (0.4x) compared to the XE Shipping industry average (0.7x).


Next Steps

Future Growth

How is Odfjell forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

95.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: O7F1 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: O7F1 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: O7F1's is expected to become profitable in the next 3 years.

Revenue vs Market: O7F1's revenue (4% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: O7F1's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: O7F1's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has Odfjell performed over the past 5 years?

-25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: O7F1 is currently unprofitable.

Growing Profit Margin: O7F1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: O7F1 is unprofitable, and losses have increased over the past 5 years at a rate of 25.1% per year.

Accelerating Growth: Unable to compare O7F1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: O7F1 is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-5.1%).


Return on Equity

High ROE: O7F1 has a negative Return on Equity (-4.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is Odfjell's financial position?


Financial Position Analysis

Short Term Liabilities: O7F1's short term assets ($236.9M) do not cover its short term liabilities ($393.9M).

Long Term Liabilities: O7F1's short term assets ($236.9M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: O7F1's debt to equity ratio (222.2%) is considered high.

Reducing Debt: O7F1's debt to equity ratio has increased from 149.7% to 222.2% over the past 5 years.


Balance Sheet


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: O7F1 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if O7F1 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Odfjell current dividend yield, its reliability and sustainability?

3.27%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate O7F1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate O7F1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if O7F1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if O7F1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: O7F1 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of O7F1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Kristian Mørch (53 yo)

5yrs

Tenure

US$1,123,000

Compensation

Mr. Kristian Verner Mørch is the Chief Executive Officer of Odfjell SE since August 1, 2015. Mr. Mørch served as an Interim Chief Executive Officer of Odfjell Terminals BV until May 1, 2016. Mr. Morch has ...


CEO Compensation Analysis

Compensation vs Market: Kristian's total compensation ($USD1.12M) is above average for companies of similar size in the German market ($USD751.08K).

Compensation vs Earnings: Kristian's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Laurence Odfjell
Executive Chairman of the Board10.25yrsUS$132.00k43.28%
$ 68.1m
Kristian Mørch
Chief Executive Officer5yrsUS$1.12m0.23%
$ 365.6k
Terje Iversen
Chief Financial Officer8.92yrsUS$325.00k0.040%
$ 63.4k
Harald Fotland
Chief Operation Officer2.58yrsUS$380.00k0.040%
$ 63.0k
Øistein Jensen
Chief of Staff4.5yrsUS$261.00k0.040%
$ 62.5k
Bjørn Røed
Manager Investor Relations & Researchno datano datano data
Geirmund Drivenes
Global Head of Ship Management2.58yrsno datano data
Bjørn Hammer
Global Head of Tanker Trading2.58yrsno datano data

3.5yrs

Average Tenure

53yo

Average Age

Experienced Management: O7F1's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Laurence Odfjell
Executive Chairman of the Board10.25yrsUS$132.00k43.28%
$ 68.1m
Åse Michelet
Independent Director3.25yrsUS$49.00kno data
Nils Dyvik
Independent Director0.58yrno datano data
Christine Rødsæther
Independent Director10.25yrsUS$49.00kno data
Jannicke Nilsson
Independent Director8.25yrsUS$49.00kno data
Åke Gregertsen
Independent Director7.25yrsUS$72.00k0.040%
$ 62.5k

7.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: O7F1's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Odfjell SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Odfjell SE
  • Ticker: O7F1
  • Exchange: DB
  • Founded: 1914
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr1.677b
  • Listing Market Cap: kr157.273m
  • Shares outstanding: 78.78m
  • Website: https://www.odfjell.com

Number of Employees


Location

  • Odfjell SE
  • Conrad Mohrs veg 29
  • PO Box 6101
  • Bergen
  • Hordaland
  • 5892
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ODFOB (Oslo Bors)YesSeries A SharesNONOKJan 1992
ODFBOB (Oslo Bors)Series B SharesNONOKJan 1992
O7FDB (Deutsche Boerse AG)YesSeries A SharesDEEURJan 1992
0J77LSE (London Stock Exchange)YesSeries A SharesGBNOKJan 1992
0J78LSE (London Stock Exchange)Series B SharesGBNOKJan 1992
ODJA.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDJan 1992
O7F1DB (Deutsche Boerse AG)Series B SharesDEEURJan 1992
ODFOBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBNOKJan 1992
ODFBOBATS-CHIXE (BATS 'Chi-X Europe')Series B SharesGBNOKJan 1992

Biography

Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. The company operates through three segments: Chemical Tankers, Tank Terminals, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 21:54
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.