Odfjell Drilling Ltd.

BATS-CHIXE:ODLO Stock Report

Market Cap: NOK 11.5b

Odfjell Drilling Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ODLO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ODLO (NOK53.9) is trading below our estimate of fair value (NOK368.97)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ODLO. This is calculated by dividing ODLO's market cap by their current earnings.
What is ODLO's PE Ratio?
PE Ratio14.1x
EarningsUS$73.50m
Market CapUS$1.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ODLO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
HTG Hunting
4.6x-7.9%UK£481.6m
SEPL Seplat Energy
19.6x13.4%UK£1.3b
DEC Diversified Energy
5.9x1.1%UK£660.7m
SQZ Serica Energy
5.6x-19.4%UK£508.3m
ODLO Odfjell Drilling
14.1x53.8%NOK 11.5b

Price-To-Earnings vs Peers: ODLO is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODLO is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the European Energy Services industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is ODLO'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.

ODLO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ODLO's Price-To-Earnings Fair Ratio for valuation analysis.

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 ODLO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 84.58
0%
13.7%NOK 102.22NOK 70.14n/a4
Nov ’25NOK 50.35
NOK 83.25
+65.3%
14.8%NOK 103.09NOK 70.50n/a4
Oct ’25NOK 48.60
NOK 82.34
+69.4%
15.0%NOK 102.23NOK 69.91n/a4
Sep ’25n/a
NOK 80.70
0%
14.8%NOK 99.95NOK 68.87n/a4
Aug ’25n/a
NOK 70.73
0%
14.0%NOK 86.38NOK 59.94n/a4
Jul ’25n/a
NOK 70.73
0%
14.0%NOK 86.38NOK 59.94n/a4
Jun ’25n/a
NOK 69.89
0%
13.6%NOK 84.99NOK 60.04n/a4
May ’25n/a
NOK 64.86
0%
3.5%NOK 67.81NOK 62.20n/a4
Apr ’25n/a
NOK 57.78
0%
12.4%NOK 64.98NOK 45.84n/a4
Mar ’25n/a
NOK 57.19
0%
12.7%NOK 65.00NOK 45.26n/a4
Feb ’25n/a
NOK 52.25
0%
15.2%NOK 65.70NOK 45.27n/a4
Jan ’25n/a
NOK 50.84
0%
15.1%NOK 63.84NOK 43.99n/a4
Dec ’24n/a
NOK 48.46
0%
4.2%NOK 50.12NOK 45.07n/a4
Nov ’24n/a
NOK 46.66
0%
4.4%NOK 49.80NOK 44.40NOK 50.354
Oct ’24n/a
NOK 46.92
0%
4.8%NOK 50.44NOK 44.53NOK 48.604
Sep ’24n/a
NOK 44.05
0%
8.5%NOK 49.84NOK 39.49n/a4
Aug ’24n/a
NOK 37.32
0%
7.0%NOK 40.31NOK 33.93n/a3
Jul ’24NOK 24.35
NOK 38.78
+59.3%
5.3%NOK 40.92NOK 36.03n/a3
Jun ’24NOK 26.05
NOK 40.42
+55.2%
6.3%NOK 42.96NOK 36.96n/a3
May ’24NOK 25.00
NOK 35.47
+41.9%
12.1%NOK 40.93NOK 30.49n/a3
Apr ’24n/a
NOK 34.81
0%
12.0%NOK 40.05NOK 29.83n/a3
Mar ’24NOK 26.78
NOK 37.09
+38.5%
12.6%NOK 42.85NOK 31.12n/a4
Feb ’24NOK 26.63
NOK 32.84
+23.3%
14.7%NOK 41.21NOK 29.93n/a4
Jan ’24n/a
NOK 32.77
0%
14.7%NOK 41.12NOK 29.86n/a4
Dec ’23n/a
NOK 32.72
0%
15.3%NOK 41.38NOK 29.13n/a4
Nov ’23n/a
NOK 32.49
0%
14.0%NOK 40.25NOK 28.82n/a4

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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