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DOF

OB:DOF
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DOF
OB
NOK1B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

DOF ASA, together with its subsidiaries, owns and operates a fleet of offshore vessels worldwide. The last earnings update was 24 days ago. More info.


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  • DOF has significant price volatility in the past 3 months.
DOF Share Price and Events
7 Day Returns
-1.2%
OB:DOF
5.2%
NO Energy Services
1.7%
NO Market
1 Year Returns
-43%
OB:DOF
-7.1%
NO Energy Services
5.4%
NO Market
DOF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DOF (DOF) -1.2% -13.4% 38.6% -43% -89.1% -98.4%
NO Energy Services 5.2% 0.6% 17.1% -7.1% -25.7% -55.1%
NO Market 1.7% 0.6% 7% 5.4% 33.4% 29.1%
1 Year Return vs Industry and Market
  • DOF underperformed the Energy Services industry which returned -7.1% over the past year.
  • DOF underperformed the Market in Norway which returned 5.4% over the past year.
Price Volatility
DOF
Industry
5yr Volatility vs Market

DOF Value

 Is DOF undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DOF to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for DOF.

OB:DOF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:DOF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.039 (1 + (1- 23%) (1502.99%))
9.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:DOF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DOF is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:DOF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 13.68%)
2019 723.40 Analyst x1 636.35
2020 2,562.20 Analyst x1 1,982.64
2021 4,379.59 Est @ 70.93% 2,981.13
2022 6,577.24 Est @ 50.18% 3,938.29
2023 8,922.26 Est @ 35.65% 4,699.53
2024 11,196.15 Est @ 25.49% 5,187.57
2025 13,252.65 Est @ 18.37% 5,401.50
2026 15,026.58 Est @ 13.39% 5,387.51
2027 16,513.89 Est @ 9.9% 5,208.26
2028 17,745.25 Est @ 7.46% 4,923.13
Present value of next 10 years cash flows NOK40,345.92
OB:DOF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK17,745.25 × (1 + 1.76%) ÷ (13.68% – 1.76%)
NOK151,489.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK151,489.67 ÷ (1 + 13.68%)10
NOK42,028.35
OB:DOF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK40,345.92 + NOK42,028.35
NOK82,374.27
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK82,374.27 / 293.24
NOK280.91
OB:DOF Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK280.91
Current discount Discount to share price of NOK4.42
= -1 x (NOK4.42 - NOK280.91) / NOK280.91
98.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DOF is available for.
Intrinsic value
>50%
Share price is NOK4.42 vs Future cash flow value of NOK280.91
Current Discount Checks
For DOF to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DOF's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DOF's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DOF's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DOF's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:DOF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK-4.42
OB:DOF Share Price ** OB (2019-03-18) in NOK NOK4.42
Norway Energy Services Industry PE Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 20.22x
Norway Market PE Ratio Median Figure of 129 Publicly-Listed Companies 13.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DOF.

OB:DOF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:DOF Share Price ÷ EPS (both in NOK)

= 4.42 ÷ -4.42

-1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DOF is loss making, we can't compare its value to the NO Energy Services industry average.
  • DOF is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does DOF's expected growth come at a high price?
Raw Data
OB:DOF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
101.6%per year
Norway Energy Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Energy Services Companies 0.77x
Norway Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for DOF, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DOF's assets?
Raw Data
OB:DOF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK11.97
OB:DOF Share Price * OB (2019-03-18) in NOK NOK4.42
Norway Energy Services Industry PB Ratio Median Figure of 34 Publicly-Listed Energy Services Companies 0.88x
Norway Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.2x
OB:DOF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:DOF Share Price ÷ Book Value per Share (both in NOK)

= 4.42 ÷ 11.97

0.37x

* Primary Listing of DOF.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DOF is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess DOF's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. DOF has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DOF Future Performance

 How is DOF expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
101.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DOF expected to grow at an attractive rate?
  • DOF's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • DOF's earnings growth is expected to exceed the Norway market average.
  • DOF's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:DOF Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:DOF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 101.6%
OB:DOF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.3%
Norway Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 37%
Norway Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
Norway Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:DOF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:DOF Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,176 670 2
2020-12-31 8,490 1,021 632 3
2019-12-31 7,676 903 184 3
OB:DOF Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 6,051 701 -1,267
2018-09-30 6,374 584 -1,332
2018-06-30 6,439 670 -1,206
2018-03-31 6,573 700 -1,018
2017-12-31 6,665 746 -1,243
2017-09-30 6,649 854 -1,106
2017-06-30 6,972 1,327 -515
2017-03-31 7,619 1,482 -306
2016-12-31 8,134 1,684 60
2016-09-30 8,842 1,989 444
2016-06-30 9,694 1,952 -322
2016-03-31 9,978 2,300 -248

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DOF's earnings are expected to grow significantly at over 20% yearly.
  • DOF's revenue is expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:DOF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from DOF Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:DOF Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.21 2.21 2.21 1.00
2020-12-31 2.00 3.25 1.34 3.00
2019-12-31 0.91 1.93 0.22 3.00
OB:DOF Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 -4.42
2018-09-30 -5.17
2018-06-30 -5.34
2018-03-31 -5.25
2017-12-31 -7.47
2017-09-30 -6.95
2017-06-30 -3.66
2017-03-31 -2.97
2016-12-31 0.91
2016-09-30 14.23
2016-06-30 -29.00
2016-03-31 -22.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DOF is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DOF's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DOF has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DOF Past Performance

  How has DOF performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DOF's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DOF does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare DOF's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare DOF's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
DOF's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DOF Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:DOF Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,051.00 -1,267.00
2018-09-30 6,374.00 -1,332.00 581.00
2018-06-30 6,439.00 -1,206.00 581.00
2018-03-31 6,573.00 -1,018.00 581.00
2017-12-31 6,665.00 -1,243.00 581.00
2017-09-30 6,649.00 -1,106.00 880.00
2017-06-30 6,972.00 -515.00 880.00
2017-03-31 7,619.00 -306.00 880.00
2016-12-31 8,134.00 60.00 880.00
2016-09-30 8,842.00 444.00 1,445.00
2016-06-30 9,694.00 -322.00 1,445.00
2016-03-31 9,978.00 -248.00 1,445.00
2015-12-31 10,291.00 -443.00 1,445.00
2015-09-30 10,557.00 -568.00 1,399.00
2015-06-30 10,435.00 -220.00 1,399.00
2015-03-31 10,456.00 -194.00 1,399.00
2014-12-31 10,196.00 81.00 1,399.00
2014-09-30 10,077.00 393.00 1,032.00
2014-06-30 9,946.00 412.00 1,032.00
2014-03-31 9,657.00 61.00 1,032.00
2013-12-31 9,415.00 -191.00 1,032.00
2013-09-30 8,844.00 -180.00 484.00
2013-06-30 8,415.00 -150.00 484.00
2013-03-31 8,154.00 -184.00 484.00
2012-12-31 8,136.00 113.00 484.00
2012-09-30 7,936.00 90.00
2012-06-30 7,523.00 -394.00
2012-03-31 6,985.00 -108.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if DOF has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if DOF has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if DOF improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess DOF's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DOF has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DOF Health

 How is DOF's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DOF's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DOF's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • DOF's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DOF's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DOF Company Filings, last reported 2 months ago.

OB:DOF Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,778.00 19,194.00 1,616.00
2018-09-30 6,264.00 18,297.00 1,194.00
2018-06-30 6,598.00 18,528.00 1,496.00
2018-03-31 7,490.00 18,010.00 1,430.00
2017-12-31 7,342.00 19,244.00 1,845.00
2017-09-30 7,688.00 19,230.00 1,639.00
2017-06-30 7,628.00 19,998.00 1,853.00
2017-03-31 7,994.00 20,101.00 2,168.00
2016-12-31 8,146.00 19,956.00 1,787.00
2016-09-30 8,730.00 20,135.00 1,631.00
2016-06-30 6,380.00 23,291.00 985.00
2016-03-31 5,803.00 22,517.00 1,216.00
2015-12-31 5,172.00 24,010.00 1,544.00
2015-09-30 5,067.00 23,689.00 1,386.00
2015-06-30 6,592.00 22,991.00 1,299.00
2015-03-31 6,239.00 23,454.00 887.00
2014-12-31 6,867.00 23,454.00 1,971.00
2014-09-30 7,022.00 22,513.00 867.00
2014-06-30 7,365.00 22,421.00 1,192.00
2014-03-31 6,891.00 21,821.00 1,382.00
2013-12-31 6,346.00 22,692.00 1,484.00
2013-09-30 6,549.00 23,608.00 960.00
2013-06-30 6,408.00 24,212.00 1,293.00
2013-03-31 6,763.00 23,650.00 1,440.00
2012-12-31 6,720.00 23,399.00 1,250.00
2012-09-30 6,759.00 22,713.00 1,282.00
2012-06-30 6,490.00 21,896.00 1,062.00
2012-03-31 6,906.00 21,857.00 925.00
  • DOF's level of debt (332.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (357.1% vs 332.2% today).
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.

  • Whilst loss making DOF has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making DOF has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -88.5% per year.
X
Financial health checks
We assess DOF's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DOF has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DOF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DOF dividends. Estimated to be 0% next year.
If you bought NOK2,000 of DOF shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DOF's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DOF's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:DOF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Norway Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.7%
Norway Market Average Dividend Yield Market Cap Weighted Average of 112 Stocks 4.2%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.8%
Norway Bottom 25% Dividend Yield 25th Percentile 2.7%
Norway Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:DOF Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00
OB:DOF Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2009-11-05 0.000 0.000
2009-08-26 0.000 0.000
2009-05-12 0.000 0.000
2009-03-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DOF has not reported any payouts.
  • Unable to verify if DOF's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DOF's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DOF has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of DOF's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess DOF's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DOF afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DOF has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DOF Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mons Aase
COMPENSATION NOK4,220,000
AGE 52
TENURE AS CEO 14.2 years
CEO Bio

Mr. Mons Svendal Aase has been the Chief Executive Officer of DOF Subsea AS since 2005 and has been a part of Management team since 1998 and served as its Managing Director since January 1, 2005. He has various experience from the finance and shipbroker industry. He served as Interim Chief Executive Officer at DOF Subsea AS since October 5, 2009. He served as Chairman of DOF Subsea AS until May 15, 2006. Mr. Aase served as Deputy Managing Director in DOF ASA since 1998 and also served as its Chief Financial Officer. Mr. Aase served as a Manager in Corporate Finance in Bryggen Finance AS from 1996 to 1998. Prior to this, he served as a Shipbroker in R.G. Hagland AS. He serves as Chairman of DOF Installer ASA. Mr. Aase served as Chairman of Geo Asa until May 15, 2006. He serves as a Director of DOF Subsea AS. He served as a Director of DOF ASA. Mr. Aase graduated from the University of NTH with a degree as Chartered Engineer and he has an MSc from the Norwegian Institute of Technology and a Cand. Merc. from the Norwegian School of Economics and Business Administration. He holds Bachelor of Commerce Degree from Norwegian School of Economics and Business Administration in Bergen.

CEO Compensation
  • Mons's compensation has been consistent with company performance over the past year.
  • Mons's remuneration is higher than average for companies of similar size in Norway.
Management Team

Mons Aase

TITLE
Chief Executive Officer
COMPENSATION
NOK4M
AGE
52
TENURE
14.2 yrs

Hilde Drønen

TITLE
Chief Financial Officer
COMPENSATION
NOK2M
AGE
57

Sigbjørn Stangeland

TITLE
Chief Operating Officer of Marine
TENURE
1.2 yrs

Gary Kennedy

TITLE
Chief Executive Officer of Norskan Offshore Ltd
Board of Directors Tenure

Average tenure and age of the DOF board of directors in years:

2.7
Average Tenure
54
Average Age
  • The average tenure for the DOF board of directors is less than 3 years, this suggests a new board.
Board of Directors

Helge Møgster

TITLE
Chairman of the Board
COMPENSATION
NOK180K
AGE
65

Helge Singelstad

TITLE
Deputy Chairman
AGE
55

Marianne Møgster

TITLE
Director
AGE
44
TENURE
2.7 yrs

Kathryn Baker

TITLE
Director
AGE
54
TENURE
2.7 yrs

Frederik Mohn

TITLE
Director
AGE
41
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess DOF's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DOF has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DOF News

Simply Wall St News

Does The DOF ASA (OB:DOF) Share Price Fall With The Market?

If you're interested in DOF ASA (OB:DOF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Why DOF ASA's (OB:DOF) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … Then we'll look at a snap shot of the business growth. … How Does Mons Aase's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Insiders Own Lots Of Shares In DOF ASA (OB:DOF)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.

Simply Wall St -

Does DOF ASA (OB:DOF) Have A High Beta?

If you're interested in DOF ASA (OB:DOF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Who Are The Top Investors In DOF ASA (OB:DOF)?

I am going to take a deep dive into DOF ASA’s (OB:DOF) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Is DOF ASA (OB:DOF) A Financially Sound Company?

While small-cap stocks, such as DOF ASA (OB:DOF) with its market cap of øre2.43b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Who Are DOF ASA's (OB:DOF) Major Shareholders?

In this analysis, my focus will be on developing a perspective on DOF ASA’s (OB:DOF) latest ownership structure, a less discussed, but important factor. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … However, if you are building an investment case for DOF, ownership structure alone should not dictate your decision to buy or sell the stock.

Simply Wall St -

DOF ASA (OB:DOF): How Does It Impact Your Portfolio?

If you are looking to invest in DOF ASA’s (OB:DOF), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … As a result, this aspect of DOF indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

What Investors Should Know About DOF ASA's (OB:DOF) Financial Strength

Additionally, DOF has produced cash from operations of ØRE746.00M in the last twelve months, resulting in an operating cash to total debt ratio of 3.89%, indicating that DOF’s current level of operating cash is not high enough to cover debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: DOF’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Should You Buy DOF ASA (OB:DOF) Now?

So, could the stock still be trading at a low price relative to its actual value? … I find that DOF’s ratio of 0.5x is trading slightly below its industry peers’ ratio of 1.12x, which means if you buy DOF today, you’d be paying a relatively fair price for it. … DOF’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

DOF Company Info

Description

DOF ASA, together with its subsidiaries, owns and operates a fleet of offshore vessels worldwide. The company operates through three segments: Platform Supply Vessel (PSV), Anchor Handling Tug Supply Vessel (AHTS), and Subsea Vessel and Subsea Engineering. It operates a fleet of PSVs that are used to transport oilfield products and supplies to offshore drilling and production facilities; AHTS used to set anchors for drilling rigs, and tow mobile drilling rigs and equipment from one location to another; and subsea vessels used for a range of subsea services and projects. The company also provides subsea services comprising project management, engineering, construction and installation, life-of-field, decommissioning/field abandonment, and survey and positioning, as well as inspection, repair, and maintenance services. In addition, it offers marine management services, such as crewing, chartering, mobilization, maintenance, new building, and compliance services. As of December 31, 2017, the company operated a fleet of 16 PSVs, 20 AHTSs, 31 subsea/construction vessels, 69 remote operated vehicles, and 2 autonomous underwater vehicles. It primarily operates in the Atlantic region, the Asia Pacific, South-America, and North America. The company was founded in 1981 and is headquartered in Storebø, Norway. DOF ASA is a subsidiary of Møgster Offshore AS.

Details
Name: DOF ASA
DOF
Exchange: OB
Founded: 1981
NOK1,277,050,527
293,237,779
Website: http://www.dof.no
Address: DOF ASA
Alfabygget,
Storebø,
Hordaland, 5392,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB DOF Ordinary Shares Oslo Bors NO NOK 05. Oct 2000
DB 4D6 Ordinary Shares Deutsche Boerse AG DE EUR 05. Oct 2000
LSE 0HMM Ordinary Shares London Stock Exchange GB NOK 05. Oct 2000
BATS-CHIXE DOFO Ordinary Shares BATS 'Chi-X Europe' GB NOK 05. Oct 2000
Number of employees
Current staff
Staff numbers
3,485
DOF employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 20:37
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.