OB:EIOF

Stock Analysis Report

Eidesvik Offshore

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

EIOFIndustryMarket
7 Day2.0%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

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

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EIOFOB (Oslo Bors)YesOrdinary SharesNONOKApr 2005
E1VMUN (Boerse Muenchen)YesOrdinary SharesDEEURApr 2005
EIOFOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:57
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.