Executive Summary
DOF ASA, together with its subsidiaries, owns and operates a fleet of offshore vessels worldwide. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
Similar Companies
Share Price & News
How has DOF's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DOF is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: DOF's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
Market Performance
7 Day Return
-14.4%
DOF
-2.9%
NO Energy Services
0.06%
NO Market
1 Year Return
-57.8%
DOF
-40.8%
NO Energy Services
-0.2%
NO Market
Return vs Industry: DOF underperformed the Norwegian Energy Services industry which returned -40.8% over the past year.
Return vs Market: DOF underperformed the Norwegian Market which returned -0.2% over the past year.
Shareholder returns
| DOF | Industry | Market | |
|---|---|---|---|
| 7 Day | -14.4% | -2.9% | 0.06% |
| 30 Day | -19.0% | -0.5% | 5.7% |
| 90 Day | 30.1% | 37.2% | 15.4% |
| 1 Year | -57.8%-57.8% | -38.1%-40.8% | 3.4%-0.2% |
| 3 Year | -92.3%-92.3% | -60.7%-63.5% | 10.0%-2.4% |
| 5 Year | -98.2%-98.4% | 1.0%-27.4% | 84.5%48.7% |
Long-Term Price Volatility Vs. Market
How volatile is DOF's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Does DOF's (OB:DOF) CEO Salary Compare Well With Industry Peers?7 months ago | Simply Wall St
Do Directors Own DOF ASA (OB:DOF) Shares?8 months ago | Simply Wall St
Investors Who Bought DOF (OB:DOF) Shares Five Years Ago Are Now Down 99%Valuation
Is DOF undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DOF (NOK0.61) is trading below our estimate of fair value (NOK3.73)
Significantly Below Fair Value: DOF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DOF is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.
PE vs Market: DOF is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DOF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DOF has negative assets, so we can't compare its PB Ratio to the NO Energy Services industry average.
Next Steps
Future Growth
How is DOF forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
97.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DOF is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: DOF is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: DOF is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: DOF's revenue (19.7% per year) is forecast to grow faster than the Norwegian market (6.8% per year).
High Growth Revenue: DOF's revenue (19.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DOF's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has DOF performed over the past 5 years?
-61.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DOF is currently unprofitable.
Growing Profit Margin: DOF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DOF is unprofitable, and losses have increased over the past 5 years at a rate of 61.1% per year.
Accelerating Growth: Unable to compare DOF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DOF is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-25.6%).
Return on Equity
High ROE: DOF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is DOF's financial position?
Financial Position Analysis
Short Term Liabilities: DOF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: DOF 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: DOF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: DOF'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: Whilst unprofitable DOF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DOF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 63.3% per year.
Next Steps
Dividend
What is DOF current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DOF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DOF'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 DOF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DOF'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 DOF'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?
4.5yrs
Average board tenure
CEO
Mons Aase (54 yo)
16yrs
Tenure
kr7,698,000
Compensation
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 va...
CEO Compensation Analysis
Compensation vs Market: Mons's total compensation ($USD900.58K) is above average for companies of similar size in the Norwegian market ($USD380.86K).
Compensation vs Earnings: Mons's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 4.5yrs | no data | no data | |
| Deputy Chairman | no data | no data | 0.14% NOK 275.8k | |
| Director | 4.5yrs | no data | 1.84% NOK 3.8m | |
| Chairman of the Board | 0.67yr | no data | no data |
4.5yrs
Average Tenure
56.5yo
Average Age
Experienced Board: DOF's board of directors are considered experienced (4.5 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
DOF ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: DOF ASA
- Ticker: DOF
- Exchange: OB
- Founded: 1981
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr203.915m
- Shares outstanding: 308.96m
- Website: https://www.dof.no
Number of Employees
Location
- DOF ASA
- Alfabygget
- Storebø
- Hordaland
- 5392
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DOF | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Oct 2000 |
| 0HMM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Oct 2000 |
| 4D6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2000 |
| DFAS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2000 |
| DOFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Oct 2000 |
Biography
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 Vesse...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 17:42 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.