Executive Summary
Eidesvik Offshore ASA operates as a shipping company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Eidesvik Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EIOF is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: EIOF's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
Market Performance
7 Day Return
61.9%
EIOF
-2.2%
NO Energy Services
0.2%
NO Market
1 Year Return
-17.6%
EIOF
-39.3%
NO Energy Services
0.8%
NO Market
Return vs Industry: EIOF exceeded the Norwegian Energy Services industry which returned -39.3% over the past year.
Return vs Market: EIOF underperformed the Norwegian Market which returned 0.8% over the past year.
Shareholder returns
| EIOF | Industry | Market | |
|---|---|---|---|
| 7 Day | 61.9% | -2.2% | 0.2% |
| 30 Day | 58.7% | 3.1% | 7.9% |
| 90 Day | 77.6% | 39.6% | 15.6% |
| 1 Year | -17.6%-17.6% | -36.5%-39.3% | 4.5%0.8% |
| 3 Year | -36.5%-36.5% | -59.4%-62.3% | 11.7%-0.9% |
| 5 Year | -48.2%-48.2% | 2.6%-26.4% | 85.1%49.1% |
Long-Term Price Volatility Vs. Market
How volatile is Eidesvik Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Is Eidesvik Offshore (OB:EIOF) Using Debt Sensibly?8 months ago | Simply Wall St
Does Eidesvik Offshore (OB:EIOF) Have A Healthy Balance Sheet?10 months ago | Simply Wall St
Imagine Owning Eidesvik Offshore (OB:EIOF) And Trying To Stomach The 75% Share Price DropValuation
Is Eidesvik Offshore 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: EIOF (NOK4.76) is trading below our estimate of fair value (NOK61.6)
Significantly Below Fair Value: EIOF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EIOF is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.
PE vs Market: EIOF 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 EIOF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EIOF is good value based on its PB Ratio (0.5x) compared to the NO Energy Services industry average (0.6x).
Next Steps
Future Growth
How is Eidesvik Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
70.5%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eidesvik Offshore has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Eidesvik Offshore is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Eidesvik Offshore competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Eidesvik Offshore performed over the past 5 years?
-22.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EIOF is currently unprofitable.
Growing Profit Margin: EIOF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EIOF is unprofitable, and losses have increased over the past 5 years at a rate of 22.3% per year.
Accelerating Growth: Unable to compare EIOF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EIOF is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-25.6%).
Return on Equity
High ROE: EIOF has a negative Return on Equity (-127.41%), as it is currently unprofitable.
Next Steps
Financial Health
How is Eidesvik Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: EIOF's short term assets (NOK904.9M) exceed its short term liabilities (NOK209.3M).
Long Term Liabilities: EIOF's short term assets (NOK904.9M) do not cover its long term liabilities (NOK2.5B).
Debt to Equity History and Analysis
Debt Level: EIOF's debt to equity ratio (473.2%) is considered high.
Reducing Debt: EIOF's debt to equity ratio has increased from 174.5% to 473.2% over the past 5 years.
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 EIOF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: EIOF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.4% per year.
Next Steps
Dividend
What is Eidesvik Offshore current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EIOF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EIOF'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 EIOF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EIOF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EIOF is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EIOF'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?
2.1yrs
Average board tenure
CEO
Jan Meling
no data
Tenure
kr2,092,645
Compensation
Mr. Jan Fredrik Meling serves as the Chief Executive Officer and President of Eidesvik Offshore ASA and served as its Managing Director and Director.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | no data | kr272.00k | no data | |
| Chairman of the Board | no data | kr502.00k | 0.22% NOK 649.5k | |
| Director | no data | kr272.00k | no data | |
| Director | no data | kr230.00k | no data | |
| Independent Director | 4.33yrs | kr230.00k | 0.048% NOK 142.8k | |
| Director | 2.67yrs | kr115.00k | no data | |
| Independent Director | 2.67yrs | kr115.00k | no data | |
| Employee Representative Director | 0.50yr | no data | no data | |
| Alternate Director | 1.5yrs | no data | no data | |
| Alternate Director | 1.5yrs | no data | no data |
2.1yrs
Average Tenure
Experienced Board: EIOF's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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
Eidesvik Offshore ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Eidesvik Offshore ASA
- Ticker: EIOF
- Exchange: OB
- Founded:
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr295.834m
- Shares outstanding: 62.15m
- Website: https://www.eidesvik.no
Number of Employees
Location
- Eidesvik Offshore ASA
- Vestvikveien 1
- Bømlo
- Hordaland
- 5443
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EIOF | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Apr 2005 |
| E1V | MUN (Boerse Muenchen) | Yes | Ordinary Shares | DE | EUR | Apr 2005 |
| 0E9O | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Apr 2005 |
| EIOFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Apr 2005 |
Biography
Eidesvik Offshore ASA operates as a shipping company. It operates through Seismic, Subsea/Offshore Wind, Platform Supply, and Other segments. The company delivers shipping services to customers who produce...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 03:18 |
| End of Day Share Price | 2021/01/14 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.