BW Offshore Limited

OB:BWO Stock Report

Market Cap: NOK 8.3b

BW Offshore Past Earnings Performance

Past criteria checks 2/6

BW Offshore has been growing earnings at an average annual rate of 18%, while the Energy Services industry saw earnings growing at 37.8% annually. Revenues have been declining at an average rate of 10.8% per year. BW Offshore's return on equity is 7.5%, and it has net margins of 19.8%.

Key information

18.03%

Earnings growth rate

17.97%

EPS growth rate

Energy Services Industry Growth25.64%
Revenue growth rate-10.79%
Return on equity7.46%
Net Margin19.76%
Next Earnings Update24 Aug 2026

Recent past performance updates

Analysis Article May 25

BW Offshore's (OB:BWO) Conservative Accounting Might Explain Soft Earnings

The most recent earnings report from BW Offshore Limited ( OB:BWO ) was disappointing for shareholders. Despite the...

Recent updates

Analysis Article May 25

BW Offshore's (OB:BWO) Conservative Accounting Might Explain Soft Earnings

The most recent earnings report from BW Offshore Limited ( OB:BWO ) was disappointing for shareholders. Despite the...
Analysis Article Dec 23

BW Offshore Limited (OB:BWO) Stock Catapults 26% Though Its Price And Business Still Lag The Market

BW Offshore Limited ( OB:BWO ) shareholders would be excited to see that the share price has had a great month, posting...
Narrative Update Aug 21

New FPSO Projects May Strengthen Operations Despite Earnings Decline

The upward revision in BW Offshore’s price target reflects significantly improved revenue growth forecasts and a lower future P/E, resulting in a fair value increase from NOK34.80 to NOK37.02. What's in the News BW Offshore declared a cash dividend of USD 11 million (USD 0.0625 per share) for Q1 2025, with payment and share delivery expected on or about 12 June 2025.
Analysis Article Aug 06

There Is A Reason BW Offshore Limited's (OB:BWO) Price Is Undemanding

OB:BWO 1 Year Share Price vs Fair Value Explore BW Offshore's Fair Values from the Community and select yours With a...
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New Narrative Mar 19

New FPSO Projects May Strengthen Operations Despite Earnings Decline

Strategic FPSO project expansion and emerging floating wind initiatives could drive long-term revenue growth and diversification into low-carbon energy solutions.
Analysis Article Mar 04

BW Offshore Limited (OB:BWO) Shares Could Be 29% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for BW Offshore is kr40.03 based on Dividend Discount Model BW Offshore is...
Analysis Article Oct 03

BW Offshore Limited's (OB:BWO) Earnings Are Not Doing Enough For Some Investors

When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") above 12x, you may consider BW...
Analysis Article May 31

We Think That There Are Some Issues For BW Offshore (OB:BWO) Beyond Its Promising Earnings

Following the solid earnings report from BW Offshore Limited ( OB:BWO ), the market responded by bidding up the stock...
Analysis Article Aug 31

Does BW Offshore (OB:BWO) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 03

Is BW Offshore (OB:BWO) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Nov 18

BW Offshore (OB:BWO) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Revenue & Expenses Breakdown

How BW Offshore makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OB:BWO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2648696500
31 Dec 25510134500
30 Sep 25518151280
30 Jun 25567141280
31 Mar 25592145280
31 Dec 24607121280
30 Sep 24642120290
30 Jun 24647136290
31 Mar 24662119290
31 Dec 23659100290
30 Sep 23700101200
30 Jun 23720101190
31 Mar 23747101200
31 Dec 22774130190
30 Sep 227664390
30 Jun 227892090
31 Mar 228041390
31 Dec 218296390
30 Sep 2184972390
30 Jun 2184466390
31 Mar 21848100390
31 Dec 20886-320390
30 Sep 201,068-210370
30 Jun 20934-292630
31 Mar 201,180-233370
31 Dec 199478630
30 Sep 191,10583330
30 Jun 1995943330
31 Mar 1997444330
31 Dec 1887034330
30 Sep 1876567330
30 Jun 1869658330
31 Mar 1865973330
31 Dec 1762640330
30 Sep 17578-120150
30 Jun 17585-135150
31 Mar 17594-145150
31 Dec 16649-133150
30 Sep 16563-253350
30 Jun 16712-249350
31 Mar 16783-225350
31 Dec 15805-216350
30 Sep 151,05431610

Quality Earnings: BWO has high quality earnings.

Growing Profit Margin: BWO's current net profit margins (19.8%) are lower than last year (24.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BWO's earnings have grown by 18% per year over the past 5 years.

Accelerating Growth: BWO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BWO had negative earnings growth (-33.9%) over the past year, making it difficult to compare to the Energy Services industry average (36.7%).


Return on Equity

High ROE: BWO's Return on Equity (7.5%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/23 04:47
End of Day Share Price 2026/07/23 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BW Offshore Limited is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chr. Frederik LundeCarnegie Investment Bank AB
Sondre StormyrDanske Bank
Kristian AarliDNB Carnegie