OB:AKA

Stock Analysis Report

Executive Summary

Akastor ASA operates as an oil-services investment company worldwide.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Risks

  • Akastor is covered by less than 3 analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OB:AKA

-2.8%

NO Energy Services

-0.8%

NO Market


1 Year Return

-34.9%

OB:AKA

-41.1%

NO Energy Services

-14.6%

NO Market

AKA outperformed the Energy Services industry which returned -40.3% over the past year.

AKA underperformed the Market in Norway which returned -14.4% over the past year.


Share holder returns

AKAIndustryMarket
7 Day0%-2.8%-0.8%
30 Day-4.3%-13.0%-3.6%
90 Day-14.3%-25.2%-7.5%
1 Year-34.9%-34.9%-39.9%-41.1%-9.7%-14.6%
3 Year27.3%27.3%-5.6%-12.1%38.2%19.9%
5 Year-88.5%-88.5%-52.5%-66.1%37.3%6.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Akastor undervalued based on future cash flows and its price relative to the stock market?

0.7x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Akastor's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Akastor's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Akastor is loss making, we can't compare its value to the NO Energy Services industry average.

Akastor is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Akastor, we can't assess if its growth is good value.


Price Based on Value of Assets

Akastor is overvalued based on assets compared to the NO Energy Services industry average.


Next Steps

Future Growth

How is Akastor expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

84.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Akastor's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).

Akastor's earnings are expected to grow significantly at over 20% yearly.

Akastor's revenue growth is expected to exceed the Norway market average.

Akastor's earnings growth is expected to exceed the Norway market average.

Akastor's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Akastor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Akastor performed over the past 5 years?

21.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Akastor does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Akastor's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Akastor's 1-year growth to the NO Energy Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Akastor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Akastor has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Akastor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Akastor's financial position?


Financial Position Analysis

Akastor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Akastor's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Akastor's level of debt (39.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (41% vs 39.6% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.9x debt.


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.

Akastor has less than a year of cash runway based on current free cash flow.

Akastor has less than a year of cash runway if free cash flow continues to reduce at historical rates of -35.9% each year.


Next Steps

Dividend

What is Akastor's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Akastor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Akastor's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Akastor has not reported any payouts.

Unable to verify if Akastor's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Akastor has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Akastor's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

What is the CEO of Akastor's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Karl Kjelstad (53yo)

1.6yrs

Tenure

kr7,214,703

Compensation

Mr. Karl Erik Kjelstad serves as Chief Executive Officer of Akastor ASA. Mr. Kjelstad served as the Head of Oilfield Services & Marine Assets at Akastor ASA (also known as Aker Solutions ASA) and Aker Solu ...


CEO Compensation Analysis

Karl's remuneration is lower than average for companies of similar size in Norway.

Karl's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.8yrs

Average Tenure

49yo

Average Age

The tenure for the Akastor management team is about average.


Board Age and Tenure

4.5yrs

Average Tenure

53yo

Average Age

The tenure for the Akastor board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Karl Kjelstad (53yo)

    Chief Executive Officer

    • Tenure: 1.6yrs
    • Compensation: kr7.21m
  • Leif Borge (56yo)

    Chief Financial Officer

    • Tenure: 11.6yrs
    • Compensation: kr6.95m
  • Tore Langballe

    Head of Communications and Investor Relations

    • Tenure: 0.0yrs
  • Kristian Røkke (36yo)

    Chairman of the Board & Chief Investment Officer

    • Tenure: 1.3yrs
    • Compensation: kr6.48m
  • Paal Johnsen (45yo)

    Executive VP & Investment Director

    • Tenure: 4.0yrs
    • Compensation: kr5.67m
  • Mari Brekke

    Head of Compliance

    • Tenure: 0.0yrs

Board Members

  • Kathryn Baker (55yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: kr455.00k
  • Lone Schrøder (59yo)

    Deputy Chairman

    • Tenure: 0.0yrs
    • Compensation: kr645.00k
  • Øyvind Eriksen (55yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: kr340.00k
  • Sarah Ryan (53yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: kr432.54k
  • Kristian Røkke (36yo)

    Chairman of the Board & Chief Investment Officer

    • Tenure: 1.3yrs
    • Compensation: kr6.48m
  • Svein Stoknes (48yo)

    Deputy Director

    • Tenure: 0.3yrs
  • Per-Kjetil Skare (33yo)

    Deputy Director

    • Tenure: 0.0yrs

Company Information

Akastor ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akastor ASA
  • Ticker: AKA
  • Exchange: OB
  • Founded: 1841
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr2.988b
  • Shares outstanding: 271.61m
  • Website: https://akastor.com

Number of Employees


Location

  • Akastor ASA
  • Building B
  • Oksenøyveien 10
  • Bærum
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKKV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2004
AKAOB (Oslo Bors)YesOrdinary SharesNONOKApr 2004
AKVEROB (Oslo Bors)NOK2NONOKApr 2004
KY7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2004
0IPTLSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2004
AKKV.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Akastor ASA operates as an oil-services investment company worldwide. The company offers drilling equipment, drilling riser solutions, and related products and services for the drilling market; and vessel- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 20:35
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.