OB:AXXIS

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Axxis Geo Solutions

Market Cap

kr287.3m

Last Updated

2021/06/21 21:40 UTC

Data Sources

Company Financials

Executive Summary

Axxis Geo Solutions ASA operates as an ocean bottom node seismic company. More Details


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Axxis Geo Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AXXIS is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: AXXIS's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-59.8%

AXXIS

-2.3%

NO Energy Services

-2.4%

NO Market


1 Year Return

-81.7%

AXXIS

29.8%

NO Energy Services

32.6%

NO Market

Return vs Industry: AXXIS underperformed the Norwegian Energy Services industry which returned 29.8% over the past year.

Return vs Market: AXXIS underperformed the Norwegian Market which returned 32.6% over the past year.


Shareholder returns

AXXISIndustryMarket
7 Day-59.8%-2.3%-2.4%
30 Day-57.1%4.4%0.3%
90 Day-76.9%-3.8%1.5%
1 Year-81.7%-81.7%35.2%29.8%38.0%32.6%
3 Yearn/a-64.6%-66.9%18.0%4.7%
5 Yearn/a-7.6%-26.5%84.1%50.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Axxis Geo Solutions undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Axxis Geo Solutions is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Axxis Geo Solutions has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Axxis Geo Solutions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.1%

Forecasted Energy industry annual growth in earnings


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 Axxis Geo Solutions 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 SimplyWall St do have past financial data.


Past Performance

How has Axxis Geo Solutions performed over the past 5 years?

-35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXXIS is currently unprofitable.

Growing Profit Margin: AXXIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AXXIS is unprofitable, and losses have increased over the past 5 years at a rate of 35.7% per year.

Accelerating Growth: Unable to compare AXXIS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AXXIS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-4.6%).


Return on Equity

High ROE: AXXIS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Axxis Geo Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: AXXIS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AXXIS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AXXIS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AXXIS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: AXXIS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AXXIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.6% each year


Dividend

What is Axxis Geo Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AXXIS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AXXIS'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 AXXIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AXXIS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AXXIS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Ronny Bohn

0.83

Tenure

Mr. Ronny Bohn serves as Chief Executive Oficer at Axxis Geo Solutions ASA since August 08, 2020. Mr. Bohn has experience from the seismic industry and has held management positions as vice president of ma...


Leadership Team

Experienced Management: AXXIS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: AXXIS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 3178.1%.


Top Shareholders

Company Information

Axxis Geo Solutions ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axxis Geo Solutions ASA
  • Ticker: AXXIS
  • Exchange: OB
  • Founded: 2006
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr287.305m
  • Shares outstanding: 1.93b
  • Website: https://www.axxisgeo.com

Number of Employees


Location

  • Axxis Geo Solutions ASA
  • Strandveien 50
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Biography

Axxis Geo Solutions ASA operates as an ocean bottom node seismic company. The company delivers tailored seismic solutions; and provides flexible project management and execution services to oil and gas com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/21 21:40
End of Day Share Price2021/06/21 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.