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Aban Offshore

BSE:523204
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523204
BSE
₹2B
Market Cap
  1. Home
  2. IN
  3. Energy
Company description

Aban Offshore Limited, together with its subsidiaries, provides offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas in India and internationally. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Aban Offshore has significant price volatility in the past 3 months.
523204 Share Price and Events
7 Day Returns
-10.5%
BSE:523204
-0.6%
IN Energy Services
-1.3%
IN Market
1 Year Returns
-67.7%
BSE:523204
-1.2%
IN Energy Services
-1.6%
IN Market
523204 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aban Offshore (523204) -10.5% -12.4% -34.2% -67.7% -80.2% -94.1%
IN Energy Services -0.6% 4.9% 1.1% -1.2% 16.1% 23%
IN Market -1.3% 4.7% 0.7% -1.6% 32.8% 41.8%
1 Year Return vs Industry and Market
  • 523204 underperformed the Energy Services industry which returned -1.2% over the past year.
  • 523204 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
523204
Industry
5yr Volatility vs Market

523204 Value

 Is Aban Offshore 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 Aban Offshore 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 Aban Offshore.

BSE:523204 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

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 BSE:523204
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.024 (1 + (1- 35%) (7295.68%))
33.556
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for BSE:523204 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aban Offshore 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.

BSE:523204 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 3,305.80 Est @ 8.42% 2,649.94
2020 3,575.62 Est @ 8.16% 2,297.58
2021 3,860.90 Est @ 7.98% 1,988.69
2022 4,163.98 Est @ 7.85% 1,719.28
2023 4,487.10 Est @ 7.76% 1,485.12
2024 4,832.47 Est @ 7.7% 1,282.11
2025 5,202.29 Est @ 7.65% 1,106.40
2026 5,598.81 Est @ 7.62% 954.49
2027 6,024.34 Est @ 7.6% 823.27
2028 6,481.30 Est @ 7.59% 710.00
Present value of next 10 years cash flows ₹15,016.88
BSE:523204 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹6,481.30 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹40,526.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹40,526.98 ÷ (1 + 24.75%)10
₹4,439.55
BSE:523204 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹15,016.88 + ₹4,439.55
₹19,456.43
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹19,456.43 / 58.37
₹333.36
BSE:523204 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹333.36
Current discount Discount to share price of ₹41.40
= -1 x (₹41.40 - ₹333.36) / ₹333.36
87.6%

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

Current Discount
Amount off the current price Aban Offshore is available for.
Intrinsic value
>50%
Share price is ₹41.4 vs Future cash flow value of ₹333.36
Current Discount Checks
For Aban Offshore to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aban Offshore's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aban Offshore'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 Aban Offshore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aban Offshore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:523204 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-903.61
BSE:523204 Share Price ** BSE (2019-06-14) in INR ₹41.4
India Energy Services Industry PE Ratio Median Figure of 9 Publicly-Listed Energy Services Companies 7.28x
India Market PE Ratio Median Figure of 2,824 Publicly-Listed Companies 15.83x

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

** Primary Listing of Aban Offshore.

BSE:523204 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523204 Share Price ÷ EPS (both in INR)

= 41.4 ÷ -903.61

-0.05x

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

  • Aban Offshore is loss making, we can't compare its value to the IN Energy Services industry average.
  • Aban Offshore is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Aban Offshore's expected growth come at a high price?
Raw Data
BSE:523204 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Energy Services Industry PEG Ratio Median Figure of 6 Publicly-Listed Energy Services Companies 0.56x
India Market PEG Ratio Median Figure of 521 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Aban Offshore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aban Offshore's assets?
Raw Data
BSE:523204 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹-909.64
BSE:523204 Share Price * BSE (2019-06-14) in INR ₹41.4
India Energy Services Industry PB Ratio Median Figure of 11 Publicly-Listed Energy Services Companies 1.01x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
BSE:523204 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523204 Share Price ÷ Book Value per Share (both in INR)

= 41.4 ÷ -909.64

-0.05x

* Primary Listing of Aban Offshore.

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

  • Aban Offshore has negative assets, we can't compare the value of its assets to the IN Energy Services industry average.
X
Value checks
We assess Aban Offshore'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. Aban Offshore has a total score of 2/6, 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.

523204 Future Performance

 How is Aban Offshore expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aban Offshore has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
3.3%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aban Offshore expected to grow at an attractive rate?
  • Unable to compare Aban Offshore's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Aban Offshore's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Aban Offshore's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:523204 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 3.3%
Asia Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
BSE:523204 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:523204 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:523204 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 8,483 -52,734
2018-12-31 10,377 -29,247
2018-09-30 12,195 -28,110
2018-06-30 13,289 -27,034
2018-03-31 14,669 3,959 -26,065
2017-12-31 15,294 -11,632
2017-09-30 16,405 -10,779
2017-06-30 17,103 -10,749
2017-03-31 17,579 18,023 -10,408
2016-12-31 20,142 -6,137
2016-09-30 22,606 -5,241
2016-06-30 28,339 -1,898

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Aban Offshore is high growth as no earnings estimate data is available.
  • Unable to determine if Aban Offshore is high growth as no revenue estimate data is available.
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
BSE:523204 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 0 Analyst Estimates (S&P Global) See Below

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

BSE:523204 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:523204 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 -903.61
2018-12-31 -501.13
2018-09-30 -481.67
2018-06-30 -463.25
2018-03-31 -446.62
2017-12-31 -199.33
2017-09-30 -184.70
2017-06-30 -184.22
2017-03-31 -178.35
2016-12-31 -105.14
2016-09-30 -89.80
2016-06-30 -32.55

*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.
  • Unable to establish if Aban Offshore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 523204’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Aban Offshore's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Aban Offshore's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Aban Offshore'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 India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Aban Offshore has a total score of 0/6, 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.

523204 Past Performance

  How has Aban Offshore 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 Aban Offshore'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.
  • Aban Offshore does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Aban Offshore's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aban Offshore's 1-year growth to the IN Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Aban Offshore'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 Aban Offshore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523204 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,482.66 -52,734.49 2,104.18
2018-12-31 10,377.29 -29,246.85 2,386.59
2018-09-30 12,195.40 -28,110.27 2,391.82
2018-06-30 13,289.37 -27,034.31 2,155.23
2018-03-31 14,668.60 -26,064.75 2,529.56
2017-12-31 15,293.61 -11,632.30 2,508.55
2017-09-30 16,405.12 -10,778.82 2,538.91
2017-06-30 17,103.09 -10,749.04 2,789.67
2017-03-31 17,579.20 -10,408.33 2,569.44
2016-12-31 20,142.48 -6,137.08 2,651.13
2016-09-30 22,606.32 -5,241.03 3,424.77
2016-06-30 28,338.52 -1,898.01 5,292.19
2016-03-31 33,345.53 -2,410.22 5,294.08
2015-12-31 37,229.64 2,528.58 11,391.35
2015-09-30 39,925.56 4,715.56 11,735.28
2015-06-30 39,945.98 5,276.06 7,218.03
2015-03-31 40,671.77 5,131.90 6,027.58
2014-12-31 41,303.99 5,588.93 11,187.18
2014-09-30 41,215.84 5,092.13 11,122.81
2014-06-30 41,046.83 4,381.44 6,352.59
2014-03-31 39,654.13 3,601.89 10,530.85
2013-12-31 38,673.49 2,612.16 9,542.35
2013-09-30 37,819.66 2,127.32 9,624.02
2013-06-30 37,112.58 2,164.77 7,075.14
2013-03-31 36,958.70 1,616.91 9,992.92
2012-12-31 35,161.50 1,843.82 9,180.18
2012-09-30 34,730.30 2,257.30 8,885.14
2012-06-30 32,815.47 2,850.55 5,653.02

*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.
  • It is difficult to establish if Aban Offshore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Aban Offshore has efficiently used its assets last year compared to the IN Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aban Offshore improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Aban Offshore'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.
Aban Offshore has a total score of 0/6, 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.

523204 Health

 How is Aban Offshore'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 Aban Offshore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aban Offshore's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Aban Offshore's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aban Offshore'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.
  • Aban Offshore has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Aban Offshore Company Filings, last reported 2 months ago.

BSE:523204 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -53,086.32 176,287.29 716.99
2018-12-31 -8,963.94 180,517.88 1,201.91
2018-09-30 -8,963.94 180,517.88 1,201.91
2018-06-30 186.81 2,408.32 832.21
2018-03-31 186.81 137,400.98 724.38
2017-12-31 21,441.50 113,544.57 1,689.79
2017-09-30 21,441.50 113,544.57 1,689.79
2017-06-30 26,354.67 120,299.16 1,133.30
2017-03-31 26,354.67 140,051.32 806.20
2016-12-31 32,414.89 139,177.85 2,504.59
2016-09-30 32,414.89 139,177.85 2,504.59
2016-06-30 60,473.12 150,769.57 1,332.06
2016-03-31 36,933.84 147,159.42 1,332.05
2015-12-31 61,745.30 149,821.64 1,350.72
2015-09-30 61,745.30 149,821.64 1,350.72
2015-06-30 57,011.02 142,423.96 1,153.88
2015-03-31 57,011.02 140,596.56 1,153.88
2014-12-31 55,073.52 148,722.72 7,325.22
2014-09-30 55,073.52 148,722.72 7,325.22
2014-06-30 41,662.53 145,608.81 1,410.06
2014-03-31 41,662.53 145,608.81 1,410.06
2013-12-31 38,917.61 129,914.45 601.82
2013-09-30 38,917.61 129,914.45 601.82
2013-06-30 32,837.28 138,909.86 1,386.05
2013-03-31 32,837.28 136,467.37 1,386.05
2012-12-31 30,606.45 138,254.02 817.29
2012-09-30 30,606.45 138,254.02 817.29
2012-06-30 28,616.45 117,014.40 844.54
  • Aban Offshore has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Aban Offshore's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Aban Offshore has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Aban Offshore has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.4% per year.
X
Financial health checks
We assess Aban Offshore'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. Aban Offshore has a total score of 3/6, 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.

523204 Dividends

 What is Aban Offshore'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
0%
Current annual income from Aban Offshore dividends.
If you bought ₹2,000 of Aban Offshore shares you are expected to receive ₹0 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?
  • Unable to evaluate Aban Offshore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aban Offshore's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BSE:523204 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 0 Analyst Estimates (S&P Global) See Below
India Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.1%
India Market Average Dividend Yield Market Cap Weighted Average of 1450 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

BSE:523204 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:523204 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-02-03 0.000 0.000
2016-11-07 0.000 0.000
2016-08-12 0.000 0.000
2016-05-23 0.000 0.000
2015-08-21 3.600 1.766
2014-08-13 3.600 0.823
2014-07-03 3.600 0.467
2014-05-28 3.600 0.488
2013-08-13 3.600 1.064
2012-08-08 3.600 1.107
2011-08-26 3.600 0.908
2010-05-25 3.600 0.549

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

  • Unable to perform a dividend volatility check as Aban Offshore has not reported any payouts.
  • Unable to verify if Aban Offshore's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aban Offshore's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aban Offshore has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aban Offshore's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 Aban Offshore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aban Offshore has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

523204 Management

 What is the CEO of Aban Offshore'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
Reji Abraham
COMPENSATION ₹47,040,000
AGE 52
TENURE AS CEO 14.9 years
CEO Bio

Mr. Reji Abraham, BE, PGDM serves as Managing Director of Aban Offshore Limited since July 19, 2004. Mr. Abraham served as the Managing Director of ALCO of Aban Singapore Pte. Ltd. He is one of the Promoters of Aban Loyd Chiles Offshore Ltd. Mr. Abraham has been a Director of Aban Loyd Chiles Offshore Ltd., since 1994. He has been an Executive Director of Aban Offshore Limited since February 9, 1994. Mr. Abraham serves as a Director at Sinvest AS, Lanco Tanjore Power Co., Ltd. and Aban Informatics Private Limited. Mr. Abraham holds a BE and an MBA degrees.

CEO Compensation
  • Reji's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Reji's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Aban Offshore management team in years:

10.6
Average Tenure
56
Average Age
  • The average tenure for the Aban Offshore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Reji Abraham

TITLE
MD & Executive Director
COMPENSATION
₹47M
AGE
52
TENURE
14.9 yrs

Chakkungal Gopalkrishnan

TITLE
Deputy MD
COMPENSATION
₹14M
AGE
62
TENURE
5.1 yrs

S. Balaji

TITLE
Compliance Officer
COMPENSATION
₹3M

Venkateswaran Parameswaran

TITLE
Deputy MD & Executive Director
COMPENSATION
₹14M
AGE
67
TENURE
17.8 yrs

Steve Ogston

TITLE
General Manager of Operations
TENURE
6.3 yrs

Vijay Saheta

TITLE
Vice President of Finance & Accounts
COMPENSATION
₹4M
AGE
52
TENURE
16.4 yrs

Vinod Pillai

TITLE
Vice President of Human Resources & Administration
AGE
56
TENURE
5.2 yrs

V. Ramasubramonian

TITLE
Vice President of Business Development

S. Srinivasan

TITLE
Senior Vice President of Corporate Planning
AGE
50

T. Karmakar

TITLE
Deputy General Manager of Operations
COMPENSATION
₹6M
AGE
58
Board of Directors Tenure

Average tenure and age of the Aban Offshore board of directors in years:

11
Average Tenure
59
Average Age
  • The average tenure for the Aban Offshore board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Murari Pejavar

TITLE
Chairman
COMPENSATION
₹175K
AGE
84
TENURE
6.6 yrs

Reji Abraham

TITLE
MD & Executive Director
COMPENSATION
₹47M
AGE
52
TENURE
25.3 yrs

Chakkungal Gopalkrishnan

TITLE
Deputy MD
COMPENSATION
₹14M
AGE
62
TENURE
17.8 yrs

Venkateswaran Parameswaran

TITLE
Deputy MD & Executive Director
COMPENSATION
₹14M
AGE
67
TENURE
17.8 yrs

K. Bharathan

TITLE
Non Executive Independent Director
COMPENSATION
₹225K
AGE
68
TENURE
15.5 yrs

Ashok Rout

TITLE
Non-Executive Independent Director
COMPENSATION
₹205K
AGE
56
TENURE
6.6 yrs

Deepa Abraham

TITLE
Non-Independent Additional Director
COMPENSATION
₹110K
AGE
48
TENURE
4.8 yrs

Subhashini Chandran

TITLE
Non Executive Independent Director
COMPENSATION
₹155K
AGE
45
TENURE
4.8 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 (₹)
X
Management checks
We assess Aban Offshore'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. Aban Offshore 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.

523204 News

Simply Wall St News

523204 Company Info

Description

Aban Offshore Limited, together with its subsidiaries, provides offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas in India and internationally. It offers exploratory, drilling, hydrocarbons production, and manning and management services. The company owns and operates a portfolio of assets, including jack-ups, drill ships, and floating production units. It also engages in the ownership and operation of wind turbines for the generation of wind power. The company’s wind farms are located at Radhapuram, Pazhavoor, and Kavalkinaru in Tirunelveli District, Tamil Nadu. Aban Offshore Limited was incorporated in 1986 and is based in Chennai, India.

Details
Name: Aban Offshore Limited
523204
Exchange: BSE
Founded: 1986
₹2,416,324,372
58,365,323
Website: http://www.abanoffshore.com
Address: Aban Offshore Limited
Janpriya Crest,
113, Pantheon Road,
Chennai,
Tamil Nadu, 600008,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523204 Equity Shares Mumbai Stock Exchange IN INR 09. Dec 1993
NSEI ABAN Equity Shares National Stock Exchange of India IN INR 09. Dec 1993
Number of employees
Current staff
Staff numbers
0
Aban Offshore employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 12:34
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2017/05/29
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.