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AKRB

Aker BP OB:AKRBP Stock Report

Last Price

kr359.70

Market Cap

kr129.4b

7D

1.4%

1Y

45.5%

Updated

15 May, 2022

Data

Company Financials +
AKRBP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

AKRBP Stock Overview

Aker BP ASA engages in the exploration, development, and production of oil and gas on the Norwegian Continental Shelf.

Rewards

PE ratio (10.5x) is below the Norwegian market (13.1x)

Earnings grew by 148.9% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 9.2% per year for the next 3 years

Unstable dividend track record


Aker BP Competitors

Vår Energi

OB:VAR

kr97.6b

DNO

OB:DNO

kr14.4b

BW Energy

OB:BWE

kr7.2b

OKEA

OB:OKEA

kr3.8b

Price History & Performance

Summary of all time highs, changes and price drops for Aker BP
Historical stock prices
Current Share Pricekr359.70
52 Week Highkr365.00
52 Week Lowkr220.00
Beta1.88
1 Month Change-0.33%
3 Month Change32.54%
1 Year Change45.51%
3 Year Change33.42%
5 Year Change145.19%
Change since IPO942.61%

Recent News & Updates

Apr 30
News Flash: Analysts Just Made A Notable Upgrade To Their Aker BP ASA (OB:AKRBP) Forecasts

News Flash: Analysts Just Made A Notable Upgrade To Their Aker BP ASA (OB:AKRBP) Forecasts

Aker BP ASA ( OB:AKRBP ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...

Shareholder Returns

AKRBPNO Oil and GasNO Market
7D1.4%-1.3%-1.2%
1Y45.5%77.0%12.6%

Return vs Industry: AKRBP underperformed the Norwegian Oil and Gas industry which returned 77% over the past year.

Return vs Market: AKRBP exceeded the Norwegian Market which returned 12.6% over the past year.

Price Volatility

Is AKRBP's price volatile compared to industry and market?
AKRBP volatility
AKRBP Average Weekly Movement7.1%
Oil and Gas Industry Average Movement8.0%
Market Average Movement7.4%
10% most volatile stocks in NO Market12.4%
10% least volatile stocks in NO Market4.2%

Stable Share Price: AKRBP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AKRBP's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20011,773Karl Hersvikhttps://akerbp.com

Aker BP ASA engages in the exploration, development, and production of oil and gas on the Norwegian Continental Shelf. The company has working interests in 36 fields/projects. As of December 31, 2021, its total net proven reserves were 599 million barrels of oil equivalents; and estimated total net proven plus probable reserves were 802 million barrels of oil equivalents.

Aker BP Fundamentals Summary

How do Aker BP's earnings and revenue compare to its market cap?
AKRBP fundamental statistics
Market CapUS$13.24b
Earnings (TTM)US$1.26b
Revenue (TTM)US$6.76b

10.5x

P/E Ratio

2.0x

P/S Ratio

Is AKRBP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKRBP income statement (TTM)
RevenueUS$6.76b
Cost of RevenueUS$734.51m
Gross ProfitUS$6.02b
Other ExpensesUS$4.76b
EarningsUS$1.26b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 13, 2022

Earnings per share (EPS)3.50
Gross Margin89.13%
Net Profit Margin18.66%
Debt/Equity Ratio131.4%

How did AKRBP perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

43%

Payout Ratio

Does AKRBP pay a reliable dividends?

See AKRBP dividend history and benchmarks
When do you need to buy AKRBP by to receive an upcoming dividend?
Aker BP dividend dates
Ex Dividend DateJul 18 2022
Dividend Pay DateJul 26 2022
Days until Ex dividend62 days
Days until Dividend pay date70 days

Does AKRBP pay a reliable dividends?

See AKRBP dividend history and benchmarks

Valuation

Is Aker BP undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

10.5x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: AKRBP (NOK359.7) is trading above our estimate of fair value (NOK287.41)

Significantly Below Fair Value: AKRBP is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: AKRBP is poor value based on its PE Ratio (10.5x) compared to the Norwegian Oil and Gas industry average (9.3x).

PE vs Market: AKRBP is good value based on its PE Ratio (10.5x) compared to the Norwegian market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: AKRBP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: AKRBP is overvalued based on its PB Ratio (4.9x) compared to the NO Oil and Gas industry average (1.4x).

Future Growth

How is Aker BP forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

-9.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKRBP's earnings are forecast to decline over the next 3 years (-9.2% per year).

Earnings vs Market: AKRBP's earnings are forecast to decline over the next 3 years (-9.2% per year).

High Growth Earnings: AKRBP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AKRBP's revenue is expected to decline over the next 3 years (-10.3% per year).

High Growth Revenue: AKRBP's revenue is forecast to decline over the next 3 years (-10.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AKRBP's Return on Equity is forecast to be high in 3 years time (28.7%)

Past Performance

How has Aker BP performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AKRBP has high quality earnings.

Growing Profit Margin: AKRBP's current net profit margins (18.7%) are higher than last year (15.7%).

Past Earnings Growth Analysis

Earnings Trend: AKRBP's earnings have grown significantly by 26.5% per year over the past 5 years.

Accelerating Growth: AKRBP's earnings growth over the past year (148.9%) exceeds its 5-year average (26.5% per year).

Earnings vs Industry: AKRBP earnings growth over the past year (148.9%) exceeded the Oil and Gas industry -24.2%.

Return on Equity

High ROE: Whilst AKRBP's Return on Equity (46.55%) is outstanding, this metric is skewed due to their high level of debt.

Financial Health

How is Aker BP's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AKRBP's short term assets ($4.0B) exceed its short term liabilities ($3.2B).

Long Term Liabilities: AKRBP's short term assets ($4.0B) do not cover its long term liabilities ($10.0B).

Debt to Equity History and Analysis

Debt Level: AKRBP's net debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: AKRBP's debt to equity ratio has increased from 103.4% to 131.4% over the past 5 years.

Debt Coverage: AKRBP's debt is well covered by operating cash flow (133.7%).

Interest Coverage: AKRBP's interest payments on its debt are well covered by EBIT (42x coverage).

Balance Sheet

Dividend

What is Aker BP current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

4.85%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 16 2022Ex Dividend DateJul 18 2022Dividend Pay DateJul 26 20228 days from Ex DividendBuy in the next 62 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AKRBP's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.9%).

High Dividend: AKRBP's dividend (4.85%) is low compared to the top 25% of dividend payers in the Norwegian market (6.64%).

Stability and Growth of Payments

Stable Dividend: AKRBP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AKRBP's dividend payments have increased, but the company has only paid a dividend for 6 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.3%), AKRBP's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21%), AKRBP's dividend payments are well covered by cash flows.

Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure

CEO

Karl Hersvik (49 yo)

8yrs

Tenure

US$1,744,000

Compensation

Mr. Karl Johnny Hersvik serves as Chairman of the Board at Aker Clean Hydrogen AS. He has been the Chief Executive Officer of Aker BP ASA since May 1, 2014. Mr. Hersvik served as a Senior Vice President at...

CEO Compensation Analysis

Compensation vs Market: Karl's total compensation ($USD1.74M) is about average for companies of similar size in the Norwegian market ($USD1.54M).

Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: AKRBP's management team is considered experienced (3 years average tenure).

Board Members

Experienced Board: AKRBP's board of directors are considered experienced (5.7 years average tenure).

Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Aker BP ASA's employee growth, exchange listings and data sources

Key Information

  • Name: Aker BP ASA
  • Ticker: AKRBP
  • Exchange: OB
  • Founded: 2001
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: kr129.416b
  • Shares outstanding: 359.79m
  • Website: https://akerbp.com

Number of Employees

Location

  • Aker BP ASA
  • Building B
  • Fornebuporten
  • Fornebu
  • Akershus
  • 1366
  • Norway

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.