OB:DDASA

Stock Analysis Report

Dolphin Drilling

Executive Summary

Dolphin Drilling ASA, together with its subsidiaries, provides exploration and development services to the oil and gas industry in Europe, Asia, the Americas, and Africa.

Snowflake

Fundamentals

Limited growth and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

DDASA

-2.2%

NO Energy Services

-1.0%

NO Market


1 Year Return

-73.5%

DDASA

-35.2%

NO Energy Services

-9.4%

NO Market

Return vs Industry: DDASA underperformed the Norwegian Energy Services industry which returned -35.2% over the past year.

Return vs Market: DDASA underperformed the Norwegian Market which returned -9.4% over the past year.


Shareholder returns

DDASAIndustryMarket
7 Day0%-2.2%-1.0%
30 Day0%-8.2%-1.9%
90 Day-6.6%-9.5%-0.9%
1 Year-73.5%-73.5%-33.9%-35.2%-4.5%-9.4%
3 Year-90.7%-90.7%1.8%-5.2%40.1%21.9%
5 Year-99.2%-99.2%-31.2%-52.0%63.3%25.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Dolphin Drilling undervalued compared to its fair value and its price relative to the market?

0.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate DDASA's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate DDASA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DDASA is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: DDASA is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate DDASA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DDASA is good value based on its PB Ratio (0.1x) compared to the NO Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Dolphin Drilling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

55.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DDASA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DDASA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DDASA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DDASA's revenue (27.3% per year) is forecast to grow faster than the Norwegian market (4.9% per year).

High Growth Revenue: DDASA's revenue (27.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if DDASA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Dolphin Drilling performed over the past 5 years?

-52.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DDASA is unprofitable, and losses have increased over the past 5 years at a rate of -52.9% per year.

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

Earnings vs Industry: DDASA is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5%).


Return on Equity

High ROE: DDASA has a negative Return on Equity (-736.93%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DDASA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DDASA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Dolphin Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: DDASA's short term assets ($244.2M) do not cover its short term liabilities ($793.2M)

Long Term Liabilities: DDASA's short term assets (244.2M) exceeds its long term liabilities (83.4M)


Debt to Equity History and Analysis

Debt Level: DDASA's debt to equity ratio (1091.1%) is considered high

Reducing Debt: DDASA's debt to equity ratio has increased from 55.9% to 1091.1% over the past 5 years.


Balance Sheet

Inventory Level: DDASA has a high level of physical assets or inventory.

Debt Coverage by Assets: DDASA's debt is not covered by short term assets (assets are 0.3x 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.

Stable Cash Runway: DDASA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: DDASA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -63.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.6%markettop25%6.3%industryaverage4.6%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate DDASA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DDASA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: DDASA is not paying a notable dividend for .


Future Payout to Shareholders

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


Next Steps

Management

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

7.7yrs

Average management tenure


CEO

Ivar Brandvold (63yo)

9.8yrs

Tenure

US$726,000

Compensation

Mr. Ivar Brandvold serves as Chief Operating Officer of NOIL Energy ASA. Mr. Brandvold has been the Chief Executive Officer and President of Fred. Olsen Energy ASA since November 1, 2009. He has 24 years o ...


CEO Compensation Analysis

Compensation vs. Market: Ivar's total compensation ($USD726.00K) is above average for companies of similar size in the Norwegian market ($USD329.96K).

Compensation vs Earnings: Ivar's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

7.7yrs

Average Tenure

53yo

Average Age

Experienced Management: DDASA's management team is seasoned and experienced (7.7 years average tenure).


Board Age and Tenure

12.3yrs

Average Tenure

68yo

Average Age

Experienced Board: DDASA's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Hjalmar Moe (48yo)

    Chief Financial Officer

    • Tenure: 12.3yrs
    • Compensation: US$337.00k
  • Robert Cooper (67yo)

    Chief Executive Officer of Harland & Wolff Group Plc

    • Tenure: 16.6yrs
    • Compensation: US$347.00k
  • Sølvi Spronsen

    Secretary

    • Tenure: 0yrs
  • Ivar Brandvold (63yo)

    President & CEO

    • Tenure: 9.8yrs
    • Compensation: US$726.00k
  • Svein Bjørnstad (56yo)

    Chief Information Officer

    • Tenure: 0.3yrs
  • Johan Finnestad (54yo)

    Chief Operating Officer

    • Tenure: 0yrs
    • Compensation: US$72.00k
  • Gunnar Koløen (41yo)

    Managing Director of Dolphin Drilling Pte Ltd.

    • Tenure: 5.2yrs
    • Compensation: US$390.00k
  • Einar Tyssen (48yo)

    Chief Business Development Officer

    • Tenure: 0yrs
  • Arild Simonsen (53yo)

    Vice President of Human Relations

    • Tenure: 7.7yrs
  • Gudmund Gardsjord (41yo)

    Chief Technical Officer

    • Tenure: 2.8yrs

Board Members

  • Jan-Peter Valheim (68yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$46.00k
  • Cecilie Heuch (54yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$43.00k
  • Aksel Hillestad (71yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: US$16.00k

Company Information

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


Key Information

  • Name: Dolphin Drilling ASA
  • Ticker: DDASA
  • Exchange: OB
  • Founded: 1965
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: kr65.601m
  • Shares outstanding: 66.26m
  • Website: https://dolphindrilling.no

Number of Employees


Location

  • Dolphin Drilling ASA
  • Fred. Olsens Gate 2
  • Oslo
  • Oslo
  • 152
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FOEA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1997
DDASAOB (Oslo Bors)YesCommon SharesNONOKOct 1997
FOHDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1997
0EHFLSE (London Stock Exchange)YesCommon SharesGBNOKOct 1997

Biography

Dolphin Drilling ASA, together with its subsidiaries, provides exploration and development services to the oil and gas industry in Europe, Asia, the Americas, and Africa. It operates in two segments, Offsh ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/23 20:36
End of Day Share Price2019/06/26 00:00
Earnings2018/12/31
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.