Executive Summary
Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas.
Snowflake
Fundamentals
Mediocre balance sheet and overvalued.
Risks
- Eidesvik Offshore has significant price volatility in the past 3 months.
- Eidesvik Offshore is not covered by any analysts.
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
Market Performance
7 Day Return
2.0%
OB:EIOF
5.9%
NO Energy Services
3.1%
NO Market
1 Year Return
-12.1%
OB:EIOF
-40.9%
NO Energy Services
-14.0%
NO Market
EIOF outperformed the Energy Services industry which returned -40.8% over the past year.
EIOF outperformed the Market in Norway which returned -14.2% over the past year.
Share holder returns
| EIOF | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 5.9% | 3.1% |
| 30 Day | -12.1% | -13.7% | -4.0% |
| 90 Day | -20.1% | -20.6% | -4.8% |
| 1 Year | -12.1%-12.1% | -39.8%-40.9% | -9.1%-14.0% |
| 3 Year | -47.7%-47.7% | -1.1%-8.0% | 39.5%21.0% |
| 5 Year | -84.2%-84.2% | -51.0%-65.2% | 38.7%7.1% |
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
4 weeks ago | Simply Wall St
Imagine Owning Eidesvik Offshore (OB:EIOF) And Trying To Stomach The 82% Share Price Drop3 months ago | Simply Wall St
The Eidesvik Offshore (OB:EIOF) Share Price Is Down 79% So Some Shareholders Are Rather Upset6 months ago | Simply Wall St
What Kind Of Shareholders Own Eidesvik Offshore ASA (OB:EIOF)?Valuation
Is Eidesvik Offshore undervalued based on future cash flows and its price relative to the stock market?
0.23x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Eidesvik Offshore's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Eidesvik Offshore's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Eidesvik Offshore is loss making, we can't compare its value to the NO Energy Services industry average.
Eidesvik Offshore is loss making, we can't compare the value of its earnings to the Norway market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Eidesvik Offshore, we can't assess if its growth is good value.
Price Based on Value of Assets
Eidesvik Offshore is good value based on assets compared to the NO Energy Services industry average.
Next Steps
Future Growth
How is Eidesvik Offshore expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
43.0%
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
- Take a look at our analysis of EIOF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
-27.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Eidesvik Offshore does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Eidesvik Offshore's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Eidesvik Offshore's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Eidesvik Offshore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
It is difficult to establish if Eidesvik Offshore has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
It is difficult to establish if Eidesvik Offshore improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is Eidesvik Offshore's financial position?
Financial Position Analysis
Eidesvik Offshore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Eidesvik Offshore's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Eidesvik Offshore's level of debt (181.1%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (124.8% vs 181.1% today).
Balance Sheet
High level of physical assets or inventory.
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.
Whilst loss making Eidesvik Offshore has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
Whilst loss making Eidesvik Offshore has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 74.3% per year.
Next Steps
Dividend
What is Eidesvik Offshore's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Eidesvik Offshore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Eidesvik Offshore's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Eidesvik Offshore has not reported any payouts.
Unable to verify if Eidesvik Offshore's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Eidesvik Offshore has not reported any payouts.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Eidesvik Offshore's salary, the management and board of directors tenure and is there insider trading?
0.7yrs
Average board tenure
CEO
Jan Meling 0
0.0yrs
Tenure
kr2,460,000
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 Age and Tenure
0.7yrs
Average Tenure
The average tenure for the Eidesvik Offshore board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Jan Meling
- Tenure: 0.0yrs
- Compensation: kr2.46m
Jan Lodden
Executive VP & COO
- Tenure: 2.3yrs
- Compensation: kr1.28m
Erling Lodden
Vice President of Human Recources
- Tenure: 0.0yrs
Tore Byberg (40yo)
Chief Financial Officer
- Tenure: 0.5yrs
Petter Lønning
Chief Engineer & Employee representative Director
- Tenure: 0.1yrs
Board Members
Synne Syrrist (47yo)
Director
- Tenure: 0.0yrs
Kolbein Rege
Chairman of the Board
- Tenure: 0.0yrs
Borgny Eidesvik
Director
- Tenure: 0.0yrs
Lars Eidesvik
Director
- Tenure: 0.0yrs
John Stangeland
Director
- Tenure: 2.9yrs
Lauritz Eidesvik
Director
- Tenure: 1.3yrs
Kristine Skeie
Director
- Tenure: 1.3yrs
Petter Lønning
Chief Engineer & Employee representative Director
- Tenure: 0.1yrs
Børre Lindanger
Alternate Director
- Tenure: 0.1yrs
Tore Hettervik
Alternate Director
- Tenure: 0.1yrs
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: kr316.965m
- 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 |
| EIOFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Apr 2005 |
Biography
Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas. The company provides stable deliveries from the landfills onshore to offshore installations at s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/22 20:57 |
| End of Day Share Price | 2019/08/22 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.