Deep Value Driller AS

OB:DVD Stock Report

Market Cap: NOK 1.5b

Deep Value Driller Valuation

Is DVD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DVD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DVD (NOK16.9) is trading below our estimate of fair value (NOK52.02)

Significantly Below Fair Value: DVD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DVD?

Key metric: As DVD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DVD. This is calculated by dividing DVD's market cap by their current earnings.
What is DVD's PE Ratio?
PE Ratio6.7x
EarningsUS$19.21m
Market CapUS$128.57m

Price to Earnings Ratio vs Peers

How does DVD's PE Ratio compare to its peers?

The above table shows the PE ratio for DVD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average53.5x
OTL Odfjell Technology
6x15.7%NOK 1.9b
SHLF Shelf Drilling
5.7x11.9%NOK 2.6b
ARCH Archer
179x109.8%NOK 2.4b
PLSV Paratus Energy Services
23.3x32.6%NOK 7.8b
DVD Deep Value Driller
6.7x-5.1%NOK 1.5b

Price-To-Earnings vs Peers: DVD is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (53.5x).

Price to Earnings Ratio vs Industry

How does DVD's PE Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SEA1 Sea1 Offshore
1.3x-42.6%US$342.52m
AWDR Awilco Drilling
0.3xn/aUS$48.39m
No more companies available in this PE range
DVD 6.7xIndustry Avg. 6.5xNo. of Companies4PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DVD is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the Norwegian Energy Services industry average (6.5x).

Price to Earnings Ratio vs Fair Ratio

What is DVD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DVD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio6.1x

Price-To-Earnings vs Fair Ratio: DVD is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DVD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 16.90
NOK 30.19
+78.7%
0.6%NOK 30.36NOK 30.02n/a2
Dec ’25NOK 16.70
NOK 30.19
+80.8%
0.6%NOK 30.36NOK 30.02n/a2
Nov ’25NOK 19.86
NOK 30.19
+52.0%
0.6%NOK 30.36NOK 30.02n/a2
Jul ’25NOK 25.00
NOK 33.17
+32.7%
9.6%NOK 36.34NOK 30.00n/a2
Jun ’25NOK 25.35
NOK 35.16
+38.7%
5.9%NOK 37.24NOK 33.08n/a2
May ’25NOK 28.00
NOK 34.66
+23.8%
4.6%NOK 36.27NOK 33.05n/a2
Apr ’25NOK 26.50
NOK 34.66
+30.8%
4.6%NOK 36.27NOK 33.05n/a2
Mar ’25NOK 23.00
NOK 34.66
+50.7%
4.6%NOK 36.27NOK 33.05n/a2
Feb ’25NOK 23.50
NOK 34.61
+47.3%
1.1%NOK 34.99NOK 34.23n/a2
Jan ’25NOK 24.45
NOK 34.61
+41.6%
1.1%NOK 34.99NOK 34.23NOK 16.202
Dec ’24NOK 23.20
NOK 36.32
+56.6%
1.9%NOK 37.02NOK 35.63NOK 16.702
Nov ’24NOK 24.60
NOK 36.11
+46.8%
3.1%NOK 37.21NOK 35.01NOK 19.862

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 02:44
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Deep Value Driller AS is covered by 2 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
Truls OlsenFearnley Securities
Bård RosefPareto Securities