Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: kr8.31 (vs kr6.42 in FY 2024) Full year 2025 results: EPS: kr8.31 (up from kr6.42 in FY 2024). Revenue: kr5.53b (up 2.0% from FY 2024). Net income: kr328.0m (up 30% from FY 2024). Profit margin: 5.9% (up from 4.7% in FY 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Recent Insider Transactions • Mar 19
Independent Director recently sold kr420k worth of stock On the 17th of March, Victor Vadaneaux sold around 6k shares on-market at roughly kr70.00 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Mar 15
Odfjell Technology Ltd Announces CFO Changes Odfjell Technology Ltd. announced that Chief Financial Officer (CFO) Jone Torstensen will be retiring from his role on April 1, 2026. Eirik Knudsen, currently CFO of Odfjell Oceanwind, will be appointed as Mr. Torstensen’s successor. Mr. Knudsen has extensive experience from senior financial roles within the Odfjell group. He joined Odfjell Drilling in 2009 and held several senior roles, including Business Development Manager and CFO of Odfjell Drilling Brazil. Mr. Knudsen holds a master's degree in finance from the Norwegian School of Economics (NHH). Jone Torstensen has been a key contributor to the development of Odfjell Technology over the past 14 years, both as a part of Odfjell Drilling and after the Company’s spin-off from Odfjell Drilling in March 2022. To ensure continuity and support a period of transition, Mr. Torstensen will remain with the Company for a defined handover period and will support the incoming CFO. Declared Dividend • Mar 02
Fourth quarter dividend of kr1.52 announced Dividend of kr1.52 is the same as last year. Ex-date: 10th March 2026 Payment date: 31st March 2026 Dividend yield will be 9.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (194% cash payout ratio). The dividend has increased by an average of 69% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: kr8.31 (vs kr6.42 in FY 2024) Full year 2025 results: EPS: kr8.31 (up from kr6.42 in FY 2024). Revenue: kr5.53b (up 2.0% from FY 2024). Net income: kr328.0m (up 30% from FY 2024). Profit margin: 5.9% (up from 4.7% in FY 2024). Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Energy Services industry in the United Kingdom are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 11
Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2026 Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2026. Declared Dividend • Nov 10
Third quarter dividend of kr1.52 announced Dividend of kr1.52 is the same as last year. Ex-date: 14th November 2025 Payment date: 27th November 2025 Dividend yield will be 11%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 119% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: kr2.57 (vs kr0.98 in 3Q 2024) Third quarter 2025 results: EPS: kr2.57 (up from kr0.98 in 3Q 2024). Revenue: kr1.43b (up 7.5% from 3Q 2024). Net income: kr101.6m (up 163% from 3Q 2024). Profit margin: 7.1% (up from 2.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Energy Services industry in the United Kingdom. Declared Dividend • Aug 24
Second quarter dividend of kr1.52 announced Shareholders will receive a dividend of kr1.52. Ex-date: 29th August 2025 Payment date: 11th September 2025 Dividend yield will be 11%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (dividend approximately 11x free cash flows). The dividend has increased by an average of 119% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: kr2.07 (vs kr2.24 in 2Q 2024) Second quarter 2025 results: EPS: kr2.07 (down from kr2.24 in 2Q 2024). Revenue: kr1.37b (up 1.1% from 2Q 2024). Net income: kr81.8m (down 7.5% from 2Q 2024). Profit margin: 6.0% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Energy Services industry in the United Kingdom. Declared Dividend • May 19
First quarter dividend of kr1.52 announced Shareholders will receive a dividend of kr1.52. Ex-date: 26th May 2025 Payment date: 4th June 2025 Dividend yield will be 12%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (144% cash payout ratio). The dividend has increased by an average of 119% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr48.05, the stock trades at a forward P/E ratio of 6x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 21% over the past year. Reported Earnings • May 04
Full year 2024 earnings released: EPS: kr6.42 (vs kr8.72 in FY 2023) Full year 2024 results: EPS: kr6.42 (down from kr8.72 in FY 2023). Revenue: kr5.43b (up 8.1% from FY 2023). Net income: kr253.2m (down 26% from FY 2023). Profit margin: 4.7% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Victor Vadaneaux was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr51.00, the stock trades at a forward P/E ratio of 6x. Average trailing P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 15% over the past year. Declared Dividend • Feb 17
Fourth quarter dividend of kr1.52 announced Shareholders will receive a dividend of kr1.52. Ex-date: 25th February 2025 Payment date: 12th March 2025 Dividend yield will be 11%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 119% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 155% Dividend yield: 13% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Profit margins are more than 30% lower than last year (4.7% net profit margin). Announcement • Feb 14
Odfjell Technology Ltd. Approves Dividend Distribution, Payable on 12 March 2025 On 13 February 2025, Odfjell Technology Ltd. approved a dividend distribution of NOK 1.52 per share, equal to NOK 60 million with a payment date 12 March 2025. New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Dec 20
Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2025 Odfjell Technology Ltd., Annual General Meeting, Jun 16, 2025. Declared Dividend • Nov 10
Third quarter dividend of kr1.52 announced Shareholders will receive a dividend of kr1.52. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 8.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (37% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr0.98 (vs kr2.15 in 3Q 2023) Third quarter 2024 results: EPS: kr0.98 (down from kr2.15 in 3Q 2023). Revenue: kr1.33b (up 4.6% from 3Q 2023). Net income: kr38.6m (down 55% from 3Q 2023). Profit margin: 2.9% (down from 6.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Energy Services industry in the United Kingdom. Declared Dividend • Aug 24
Second quarter dividend of kr1.14 announced Shareholders will receive a dividend of kr1.14. Ex-date: 29th August 2024 Payment date: 12th September 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (35% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: kr2.24 (vs kr2.01 in 2Q 2023) Second quarter 2024 results: EPS: kr2.24 (up from kr2.01 in 2Q 2023). Revenue: kr1.36b (up 7.9% from 2Q 2023). Net income: kr88.4m (up 11% from 2Q 2023). Profit margin: 6.5% (up from 6.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Energy Services industry in the United Kingdom. Declared Dividend • May 20
First quarter dividend of kr0.89 announced Shareholders will receive a dividend of kr0.89. Ex-date: 24th May 2024 Payment date: 5th June 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (26% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: kr1.30 (vs kr1.10 in 1Q 2023) First quarter 2024 results: EPS: kr1.30 (up from kr1.10 in 1Q 2023). Revenue: kr1.28b (up 12% from 1Q 2023). Net income: kr51.5m (up 19% from 1Q 2023). Profit margin: 4.0% (up from 3.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: kr8.72 (vs kr6.41 in FY 2022) Full year 2023 results: EPS: kr8.72 (up from kr6.41 in FY 2022). Revenue: kr5.02b (up 29% from FY 2022). Net income: kr344.2m (up 36% from FY 2022). Profit margin: 6.9% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Europe. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: kr8.72 (vs kr6.41 in FY 2022) Full year 2023 results: EPS: kr8.72 (up from kr6.41 in FY 2022). Revenue: kr5.02b (up 29% from FY 2022). Net income: kr344.2m (up 36% from FY 2022). Profit margin: 6.9% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. Announcement • Feb 16
Odfjell Technology Ltd. Announces Cash Dividend, Payable on March 6, 2024 Odfjell Technology Ltd. announced cash dividend of NOK 6.33 per share. Last day including right: February 22, 2024. Ex-date: February 23, 2024. Record date: February 26, 2024. Payment date: March 6, 2024. Date of approval: February 15, 2024. Announcement • Jan 23
Odfjell Technology Ltd., Annual General Meeting, Jun 24, 2024 Odfjell Technology Ltd., Annual General Meeting, Jun 24, 2024. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr54.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Europe. New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk High level of debt (81% net debt to equity). Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: kr2.15 (vs kr1.11 in 3Q 2022) Third quarter 2023 results: EPS: kr2.15 (up from kr1.11 in 3Q 2022). Revenue: kr1.28b (up 28% from 3Q 2022). Net income: kr84.8m (up 94% from 3Q 2022). Profit margin: 6.7% (up from 4.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Energy Services industry in the United Kingdom. Announcement • Nov 03
Odfjell Technology Ltd. Announces Cash Dividend, Payable on 23 November 2023 Odfjell Technology Ltd. announced cash dividend of NOK 0.633 per share. Ex-date is 13 November 2023. Record date is 14 November 2023. Payment date is 23 November 2023. Date of approval is 2 November 2023. Board Change • Sep 22
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman Helene Odfjell is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 25
Odfjell Technology Ltd. Announces Dividend for the Second Quarter, Payable on September 14, 2023 On August 23, the board of directors of Odfjell Technology Ltd. approved a dividend distribution of NOK 0.633 per share, equal to approximately NOK 25 million with a payment date of 14 September 2023. This is the second consecutive quarter with dividend distribution after 50million was paid out 1 June. Board Change • Aug 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman Helene Odfjell is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr49.19, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Energy Services industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at kr79.40 per share. Board Change • Jun 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman Helene Odfjell is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 12
Odfjell Technology Ltd. Announces Dividend, Payable on 1 June 2023 Odfjell Technology Ltd. announced dividend of NOK 1.267 per share. Ex-date: 23rd of May, record date: 24th of May, Payment date: 1st of June, Date of approval: 11th of May. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: kr6.41 (vs kr2.95 in FY 2021) Full year 2022 results: EPS: kr6.41 (up from kr2.95 in FY 2021). Revenue: kr3.89b (up 32% from FY 2021). Net income: kr253.0m (up 117% from FY 2021). Profit margin: 6.5% (up from 4.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr55.73, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Energy Services industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at kr73.21 per share.