OB:GEOS-ME

Stock Analysis Report

Golden Energy Offshore Services

Executive Summary

Golden Energy Offshore Services AS engages in the shipping business.


Snowflake Analysis

Fair value with weak fundamentals.

Share Price & News

How has Golden Energy Offshore Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

16.4%

GEOS-ME

-1.9%

NO Oil and Gas

0.2%

NO Market


1 Year Return

-56.3%

GEOS-ME

-19.0%

NO Oil and Gas

-0.7%

NO Market

Return vs Industry: GEOS-ME underperformed the Norwegian Oil and Gas industry which returned -19% over the past year.

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


Shareholder returns

GEOS-MEIndustryMarket
7 Day16.4%-1.9%0.2%
30 Day-19.8%-12.2%-2.1%
90 Day-30.7%-10.3%1.2%
1 Year-56.3%-56.3%-14.2%-19.0%4.5%-0.7%
3 Yearn/a28.2%12.2%33.4%16.6%
5 Yearn/a40.4%12.4%58.2%24.1%

Price Volatility Vs. Market

How volatile is Golden Energy Offshore Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golden Energy Offshore Services 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: GEOS-ME (NOK2.84) is trading below our estimate of fair value (NOK7.69)

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


Price To Earnings Ratio

PE vs Industry: GEOS-ME is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

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


Price to Book Ratio

PB vs Industry: GEOS-ME is good value based on its PB Ratio (0.3x) compared to the NO Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Golden Energy Offshore Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.6%

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 Golden Energy Offshore Services 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 Golden Energy Offshore Services performed over the past 5 years?

37.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEOS-ME is currently unprofitable.

Growing Profit Margin: GEOS-ME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GEOS-ME is unprofitable, but has reduced losses over the past 5 years at a rate of 37% per year.

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

Earnings vs Industry: GEOS-ME is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18%).


Return on Equity

High ROE: GEOS-ME has a negative Return on Equity (-5.89%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Golden Energy Offshore Services's financial position?


Financial Position Analysis

Short Term Liabilities: GEOS-ME's short term assets (NOK38.2M) do not cover its short term liabilities (NOK53.1M).

Long Term Liabilities: GEOS-ME's short term assets (NOK38.2M) do not cover its long term liabilities (NOK220.3M).


Debt to Equity History and Analysis

Debt Level: GEOS-ME's debt to equity ratio (82%) is considered high.

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


Balance Sheet

Inventory Level: GEOS-ME has a high level of physical assets or inventory.

Debt Coverage by Assets: GEOS-ME's debt is not covered by short term assets (assets are 0.2x 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: Insufficient data to determine if GEOS-ME has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is Golden Energy Offshore Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.8%markettop25%6.2%industryaverage6.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate GEOS-ME'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 GEOS-ME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GEOS-ME'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 GEOS-ME'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?

2.0yrs

Average board tenure


CEO

Per Fagervoll 0

0

Mr. Per Ivar Fagervoll serves as the Chairman and Chief Executive Officer of Golden Energy Offshore AS. Mr. Fagervoll serves as QHSE - Charter Manager of Siem Rovde AS (Rovde Shipping As). He has been a Di ...


Board Members

NamePositionTenureCompensationOwnership
Per Fagervoll
CEO & Director0yrsno data0.60% NOK608.4k
Sten Gustafson
Chairman of the Board2yrsno datano data
Martin Muff
Director2yrsno data0.27% NOK269.8k

2.0yrs

Average Tenure

Experienced Board: GEOS-ME's board of directors are not considered experienced ( 2 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 been diluted in the past year, with total shares outstanding growing by 45.7%.


Top Shareholders

Company Information

Golden Energy Offshore Services AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Energy Offshore Services AS
  • Ticker: GEOS-ME
  • Exchange: OB
  • Founded: 2013
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: kr100.581m
  • Shares outstanding: 35.42m
  • Website: https://www.geoff.no

Location

  • Golden Energy Offshore Services AS
  • St Olavs Plass 1
  • Ålesund
  • Møre og Romsdal
  • 6002
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEOS-MEOB (Oslo Bors)YesShare CapitalNONOKApr 2018

Biography

Golden Energy Offshore Services AS engages in the shipping business. The company owns 2 offshore service vessels. Golden Energy Offshore Services AS was incorporated in 2013 and is headquartered in Ålesund, 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 00:44
End of Day Share Price2020/02/21 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.