OB:EMGS

Stock Analysis Report

Electromagnetic Geoservices

Executive Summary

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry.

Snowflake

Fundamentals

Overvalued with concerning outlook.


Similar Companies

Share Price & News

How has Electromagnetic Geoservices's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.4%

EMGS

-2.2%

NO Energy Services

-1.0%

NO Market


1 Year Return

-9.1%

EMGS

-35.2%

NO Energy Services

-9.4%

NO Market

Return vs Industry: EMGS exceeded the Norwegian Energy Services industry which returned -35.2% over the past year.

Return vs Market: EMGS matched the Norwegian Market which returned -9.4% over the past year.


Shareholder returns

EMGSIndustryMarket
7 Day-5.4%-2.2%-1.0%
30 Day-10.7%-8.2%-1.9%
90 Day-25.9%-9.5%-0.9%
1 Year-9.1%-9.1%-33.9%-35.2%-4.5%-9.4%
3 Year-32.3%-50.7%1.8%-5.2%40.1%21.9%
5 Year-97.3%-98.6%-31.2%-52.0%63.3%25.7%

Price Volatility Vs. Market

How volatile is Electromagnetic Geoservices's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Electromagnetic Geoservices undervalued compared to its fair value and its price relative to the market?

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: EMGS (NOK2.09) is trading below our estimate of fair value (NOK2.61)

Significantly Undervalued: EMGS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EMGS is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: EMGS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate EMGS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EMGS has negative assets, so we can't compare its PB Ratio to the NO Energy Services industry average.


Next Steps

Future Growth

How is Electromagnetic Geoservices forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

105.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMGS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EMGS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EMGS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: EMGS's revenue (15.2% per year) is forecast to grow faster than the Norwegian market (4.9% per year).

High Growth Revenue: EMGS's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if EMGS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Electromagnetic Geoservices performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EMGS is unprofitable, and losses have increased over the past 5 years at a rate of -14.3% per year.

Accelerating Growth: Unable to compare EMGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EMGS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5%).


Return on Equity

High ROE: EMGS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: EMGS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: EMGS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Electromagnetic Geoservices's financial position?


Financial Position Analysis

Short Term Liabilities: EMGS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: EMGS 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: EMGS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: EMGS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: EMGS has a high level of physical assets or inventory.

Debt Coverage by Assets: EMGS has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: EMGS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if EMGS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Electromagnetic Geoservices's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.3%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate EMGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EMGS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if EMGS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EMGS'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 EMGS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of Electromagnetic Geoservices's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Bjørn Lindhom 0

0.8yrs

Tenure

0

Mr. Bjørn Petter Lindhom serves Chief Executive Officer of Electromagnetic Geoservices ASA since June 2019. He served as Interim Chief Executive Officer at Electromagnetic Geoservices ASA since December 1, ...


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: EMGS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.8yrs

Average Tenure

60yo

Average Age

Experienced Board: EMGS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Roth Rothwangl

    Vice President of Imaging & Interpretation Services

    • Tenure: 7.8yrs
  • Hege Veiseth (42yo)

    Chief Financial Officer

    • Tenure: 3.8yrs
    • Compensation: US$2.14m
  • Rune Mittet

    Chief Scientist

    • Tenure: 0yrs
  • Even Selnæs

    Vice President of Human Resources

    • Tenure: 5.6yrs
  • Bjørn Lindhom

    CEO & President of EMGS NSA

    • Tenure: 0.8yrs
  • Øyvind Bjørndal

    Chief Legal Counsel

    • Tenure: 2.1yrs
    • Compensation: US$1.24m
  • Dag Helland-Hansen

    Global Exploration Advisor & Business Unit President of EMEA

    • Tenure: 1.5yrs
    • Compensation: US$1.90m
  • Atle Johan Lund

    Business Unit President of Asia & Pacific

    • Tenure: 1.2yrs
  • Lars Solevåg

    Business Unit President NSA

    • Tenure: 0.8yrs

Board Members

  • Mimi Berdal (60yo)

    Independent Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: US$306.00k
  • Alex Herger (62yo)

    Independent Director

    • Tenure: 0.3yrs
  • Peter Soininen (45yo)

    Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: US$288.00k
  • Johan Mikkelsen

    Chairman

    • Tenure: 0.3yrs
    • Compensation: US$290.00k
  • Adam Robinson

    Alternate Employee Representative Director

    • Tenure: 0yrs
  • Ragnhild Gåsø

    Alternate Employee Representative Director

    • Tenure: 1.8yrs
  • Ellen Fossbakk

    Alternate Employee Representative Director

    • Tenure: 1.8yrs
  • Joseph Fletcher

    Alternate Employee Representative Director

    • Tenure: 1.8yrs
  • Marte Karlsen

    Employee Representative Director

    • Tenure: 0yrs
  • Jon Solheim

    Employee Representative Director

    • Tenure: 0.3yrs

Company Information

Electromagnetic Geoservices ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Electromagnetic Geoservices ASA
  • Ticker: EMGS
  • Exchange: OB
  • Founded: 2002
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr273.727m
  • Shares outstanding: 130.97m
  • Website: https://www.emgs.com

Number of Employees


Location

  • Electromagnetic Geoservices ASA
  • Stiklestadveien 1
  • Trondheim
  • Sør-Trøndelag
  • 7041
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMGSOB (Oslo Bors)YesOrdinary SharesNONOKMar 2007
ELRM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2007
EMGSOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMar 2007

Biography

Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic (EM) surveying services to the offshore oil and gas exploration industry. It is involved in the planning, acquisiti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:53
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.