BW Offshore Limited builds, owns, and operates oil and gas floating production, storage, and offloading vessels (FPSOs); and floating, storage, and offloading vessels (FSOs) to the oil and gas industries in the Asia Pacific, the Americas, the European Union, and West Africa.
Undervalued with solid track record.
Share Price & News
How has BW Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BWO's share price has been volatile over the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: BWO exceeded the Norwegian Energy Services industry which returned -69% over the past year.
Return vs Market: BWO underperformed the Norwegian Market which returned -27.6% over the past year.
Price Volatility Vs. Market
How volatile is BW Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StA Sliding Share Price Has Us Looking At BW Offshore Limited's (OB:BWO) P/E Ratio
2 weeks ago | Simply Wall StIs BW Offshore (OB:BWO) A Risky Investment?
1 month ago | Simply Wall StA Sliding Share Price Has Us Looking At BW Offshore Limited's (OB:BWO) P/E Ratio
Is BW Offshore undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BWO (NOK18.13) is trading below our estimate of fair value (NOK151.93)
Significantly Below Fair Value: BWO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BWO is good value based on its PE Ratio (3.8x) compared to the Energy Services industry average (6.6x).
PE vs Market: BWO is good value based on its PE Ratio (3.8x) compared to the Norwegian market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: BWO is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: BWO is overvalued based on its PB Ratio (0.3x) compared to the NO Energy Services industry average (0.2x).
How is BW Offshore forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWO's forecast earnings growth (29.7% per year) is above the savings rate (0.7%).
Earnings vs Market: BWO's earnings (29.7% per year) are forecast to grow faster than the Norwegian market (19.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BWO's revenue is expected to decline over the next 3 years (-2.1% per year).
High Growth Revenue: BWO's revenue is forecast to decline over the next 3 years (-2.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BWO's Return on Equity is forecast to be low in 3 years time (12.5%).
How has BW Offshore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWO has high quality earnings.
Growing Profit Margin: BWO's current net profit margins (7.2%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: BWO's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: BWO's earnings growth over the past year (146.6%) exceeds its 5-year average (17% per year).
Earnings vs Industry: BWO earnings growth over the past year (146.6%) exceeded the Energy Services industry -28.5%.
Return on Equity
High ROE: BWO's Return on Equity (7.3%) is considered low.
How is BW Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: BWO's short term assets ($571.6M) do not cover its short term liabilities ($591.7M).
Long Term Liabilities: BWO's short term assets ($571.6M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: BWO's debt to equity ratio (85.5%) is considered high.
Reducing Debt: BWO's debt to equity ratio has reduced from 150.7% to 85.5% over the past 5 years.
Debt Coverage: BWO's debt is well covered by operating cash flow (48.8%).
Interest Coverage: BWO's interest payments on its debt are well covered by EBIT (3.6x coverage).
Inventory Level: BWO has a high level of physical assets or inventory.
Debt Coverage by Assets: BWO's debt is not covered by short term assets (assets are 0.5x debt).
What is BW Offshore's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BWO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BWO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BWO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BWO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BWO is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BWO's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marco Beenen (49yo)
Mr. Marco Beenen is the Director at BW Energy Limited since November 29, 2019. He has been Chief Executive Officer of BW Offshore Limited since July 1, 2019 and served as its Chief Operating Officer since ...
|Chief Executive Officer||0.67yr||no data||0.018% $751.6k|
|Chief Financial Officer||0.67yr||no data||no data|
|Chief Operating Officer||0.67yr||no data||0.0051% $215.6k|
|Head of Corporate Finance||no data||no data||no data|
|General Counsel||no data||no data||no data|
|Head of Human Capital||2.25yrs||no data||no data|
|Head of IT & Systems||no data||no data||no data|
|Senior Vice President Treasury||no data||no data||no data|
|Chief Commercial Officer||no data||no data||0.066% $2.8m|
|Head of Asset Engineering & Maintenance||4yrs||no data||no data|
Experienced Management: BWO's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|Vice Chairman||no data||no data||no data|
|Director||6.58yrs||no data||no data|
|Director||0.83yr||no data||1.0% $41.9m|
|Chairman||5.25yrs||no data||no data|
|Non Executive Director||9.67yrs||no data||no data|
|Director||0.83yr||no data||no data|
Experienced Board: BWO's board of directors are considered experienced (5.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BW Offshore Limited's company bio, employee growth, exchange listings and data sources
- Name: BW Offshore Limited
- Ticker: BWO
- Exchange: OB
- Founded: 1982
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr4.204b
- Shares outstanding: 231.86m
- Website: https://www.bwoffshore.com
Number of Employees
- BW Offshore Limited
- Clarendon House
- 2 Church Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BWO||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 2006|
|XY81||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2006|
|0RKH||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 2006|
|BGSW.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2006|
|BWOO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 2006|
BW Offshore Limited builds, owns, and operates oil and gas floating production, storage, and offloading vessels (FPSOs); and floating, storage, and offloading vessels (FSOs) to the oil and gas industries in the Asia Pacific, the Americas, the European Union, and West Africa. It also offers engineering, procurement, construction, and installation services; and lease and operation services of FPSO units. As of March 8, 2016, the company had a fleet of 14 FPSOs and 1 FSO. It also operates additional two operations and maintenance contracts FPSOs and one new project FPSO. The company was founded in 1982 and is based in Hamilton, Bermuda.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 21:08|
|End of Day Share Price||2020/03/31 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.