OB:ENDUR

Stock Analysis Report

Executive Summary

Endúr ASA engages in the aquaculture, maritime, and energy businesses in Norway and internationally.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ENDUR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.2%

ENDUR

-3.5%

NO Energy Services

0.2%

NO Market


1 Year Return

-32.7%

ENDUR

-27.0%

NO Energy Services

-0.7%

NO Market

Return vs Industry: ENDUR underperformed the Norwegian Energy Services industry which returned -27% over the past year.

Return vs Market: ENDUR underperformed the Norwegian Market which returned -0.7% over the past year.


Shareholder returns

ENDURIndustryMarket
7 Day-4.2%-3.5%0.2%
30 Day-15.6%-12.7%-2.1%
90 Day-27.6%-13.6%1.2%
1 Year-32.7%-32.7%-24.9%-27.0%4.5%-0.7%
3 Yearn/a-18.9%-24.6%33.4%16.6%
5 Yearn/a-13.2%-46.3%58.2%24.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Endúr 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: ENDUR (NOK0.92) is trading below our estimate of fair value (NOK2.28)

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


Price To Earnings Ratio

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

PE vs Market: ENDUR 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 ENDUR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENDUR is overvalued based on its PB Ratio (1.8x) compared to the NO Energy Services industry average (0.6x).


Next Steps

Future Growth

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

75.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENDUR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: ENDUR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ENDUR's is expected to become profitable in the next 3 years.

Revenue vs Market: ENDUR's revenue is expected to decline over the next 3 years (-3% per year).

High Growth Revenue: ENDUR's revenue is forecast to decline over the next 3 years (-3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENDUR's Return on Equity is forecast to be high in 3 years time (33.8%)


Next Steps

Past Performance

How has Endúr performed over the past 5 years?

31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENDUR is currently unprofitable.

Growing Profit Margin: ENDUR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENDUR is unprofitable, but has reduced losses over the past 5 years at a rate of 31.7% per year.

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

Earnings vs Industry: ENDUR is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-44.4%).


Return on Equity

High ROE: ENDUR has a negative Return on Equity (-8.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Endúr's financial position?


Financial Position Analysis

Short Term Liabilities: ENDUR's short term assets (NOK148.3M) do not cover its short term liabilities (NOK184.5M).

Long Term Liabilities: ENDUR's short term assets (NOK148.3M) exceed its long term liabilities (NOK37.4M).


Debt to Equity History and Analysis

Debt Level: ENDUR's debt to equity ratio (43.8%) is considered high.

Reducing Debt: Insufficient data to determine if ENDUR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: ENDUR has a low level of unsold assets or inventory.

Debt Coverage by Assets: ENDUR's debt is covered by short term assets (assets are 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.

Stable Cash Runway: ENDUR has less than a year of cash runway based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if ENDUR'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 ENDUR'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?


CEO

Hans Eikeland 0

Mr. Hans Petter Eikeland serves as the Chief Executive Officer and President of Ability Drilling ASA. Mr. Eikeland serves as the Chief Executive Officer and President of Endúr ASA. He served as the Chief  ...


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 been substantially diluted in the past year, with total shares outstanding growing by 57%.


Top Shareholders

Company Information

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


Key Information

  • Name: Endúr ASA
  • Ticker: ENDUR
  • Exchange: OB
  • Founded: 2007
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr196.044m
  • Shares outstanding: 213.09m
  • Website: https://www.endur.no

Number of Employees


Location

  • Endúr ASA
  • Damsgårdsveien 229
  • Laksevåg
  • Bergen
  • Hordaland
  • 5160
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENDUROB (Oslo Bors)YesShare CapitalNONOKFeb 2019

Biography

Endúr ASA engages in the aquaculture, maritime, and energy businesses in Norway and internationally. It operates through three segments: Services, Aquaculture, and Others. The company offers maritime service, and ship maintenance and services; and produces concrete barges for the aquaculture industry. It also engages in the maintenance, modification, installation, fabrication, and reconstruction of oil and gas installations for onshore and offshore. The company was formerly known as Bergen Group ASA and changed its name to Endúr ASA in February 2019. Endúr ASA was founded in 2007 and is headquartered in Bergen, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 00:55
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.