OSUN Stock Overview
Ocean Sun AS develops floating power system with solar panels.
Ocean Sun Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr8.25|
|52 Week High||kr19.90|
|52 Week Low||kr7.44|
|1 Month Change||-22.90%|
|3 Month Change||-31.14%|
|1 Year Change||-54.57%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-44.96%|
Recent News & Updates
We're Not Worried About Ocean Sun's (OB:OSUN) Cash Burn
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
We're Not Very Worried About Ocean Sun's (OB:OSUN) Cash Burn Rate
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
|OSUN||NO Professional Services||NO Market|
Return vs Industry: OSUN underperformed the Norwegian Professional Services industry which returned -14.4% over the past year.
Return vs Market: OSUN underperformed the Norwegian Market which returned -2% over the past year.
|OSUN Average Weekly Movement||7.7%|
|Professional Services Industry Average Movement||4.8%|
|Market Average Movement||6.6%|
|10% most volatile stocks in NO Market||11.4%|
|10% least volatile stocks in NO Market||3.7%|
Stable Share Price: OSUN is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: OSUN's weekly volatility (8%) has been stable over the past year.
About the Company
Ocean Sun AS develops floating power system with solar panels. Its system consists of one or multiple floaters anchored side-by-side to build larger power plants, as well as takes local water depth, wave, current, and wind conditions into consideration. Ocean Sun AS was incorporated in 2016 and is headquartered in Fornebu, Norway.
Ocean Sun Fundamentals Summary
|OSUN fundamental statistics|
Is OSUN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OSUN income statement (TTM)|
|Cost of Revenue||kr402.00k|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 09, 2022
|Earnings per share (EPS)||-0.46|
|Net Profit Margin||-1,057.25%|
How did OSUN perform over the long term?See historical performance and comparison
Is OSUN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OSUN?
Other financial metrics that can be useful for relative valuation.
|What is OSUN's n/a Ratio?|
Price to Book Ratio vs Peers
How does OSUN's PB Ratio compare to its peers?
|OSUN PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
NUMND Nordic Unmanned
OSUN Ocean Sun
Price-To-Book vs Peers: OSUN is expensive based on its Price-To-Book Ratio (5.1x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does OSUN's PE Ratio compare vs other companies in the European Professional Services Industry?
Price-To-Book vs Industry: OSUN is expensive based on its Price-To-Book Ratio (5.1x) compared to the European Professional Services industry average (2.2x)
Price to Book Ratio vs Fair Ratio
What is OSUN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||5.1x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate OSUN's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of OSUN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OSUN (NOK8.25) is trading below our estimate of fair value (NOK13.23)
Significantly Below Fair Value: OSUN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Ocean Sun forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OSUN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: OSUN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OSUN is expected to become profitable in the next 3 years.
Revenue vs Market: OSUN's revenue (79.7% per year) is forecast to grow faster than the Norwegian market (0.3% per year).
High Growth Revenue: OSUN's revenue (79.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if OSUN's Return on Equity is forecast to be high in 3 years time
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How has Ocean Sun performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OSUN is currently unprofitable.
Growing Profit Margin: OSUN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OSUN is unprofitable, and losses have increased over the past 5 years at a rate of 30.7% per year.
Accelerating Growth: Unable to compare OSUN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OSUN is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (33.6%).
Return on Equity
High ROE: OSUN has a negative Return on Equity (-28.84%), as it is currently unprofitable.
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How is Ocean Sun's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: OSUN's short term assets (NOK77.9M) exceed its short term liabilities (NOK5.8M).
Long Term Liabilities: OSUN's short term assets (NOK77.9M) exceed its long term liabilities (NOK1,000.0).
Debt to Equity History and Analysis
Debt Level: OSUN is debt free.
Reducing Debt: OSUN has not had any debt for past 5 years.
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: OSUN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if OSUN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Ocean Sun current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Ocean Sun Dividend Yield vs Market|
|Company (Ocean Sun)||n/a|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Professional Services)||2.9%|
|Analyst forecast in 3 Years (Ocean Sun)||n/a|
Notable Dividend: Unable to evaluate OSUN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OSUN'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 OSUN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OSUN's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as OSUN has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dr. Børge Bjørneklett is Founder of Ocean Sun AS and serves as its Chief Executive Officer. Dr. Bjørneklett served as Director at Ocean Sun AS until June 2022. Dr. Bjørneklett worked in Tech management fro...
Experienced Management: OSUN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: OSUN's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
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
|21 Feb 22||Buykr109,200||Bkraft Holding As||Company||13,000||kr8.40|
|11 Nov 21||Buykr120,480||Bkraft Holding As||Company||8,000||kr15.06|
|10 Nov 21||Buykr49,973||Anne Skrivarhaug||Individual||3,183||kr15.70|
|04 Oct 21||Buykr154,675||Nenad Keseric||Individual||9,120||kr16.96|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Ocean Sun AS's employee growth, exchange listings and data sources
- Name: Ocean Sun AS
- Ticker: OSUN
- Exchange: OB
- Founded: 2016
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Implied Market Cap: kr371.136m
- Shares outstanding: 44.99m
- Website: https://oceansun.no
Number of Employees
- Ocean Sun AS
- SnarOeyveien 20
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OW7||MUN (Boerse Muenchen)||Yes||Common Shares||DE||EUR||Oct 2020|
|OSUN||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Oct 2020|
|OW7||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.