OB:GEOS-ME

Stock Analysis Report

Golden Energy Offshore Services

Executive Summary

Golden Energy Offshore Services AS engages in the shipping business.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

0%

GEOS-ME

-2.2%

NO Oil and Gas

0.09%

NO Market


1 Year Return

-2.1%

GEOS-ME

-23.4%

NO Oil and Gas

-8.7%

NO Market

Return vs Industry: GEOS-ME exceeded the Norwegian Oil and Gas industry which returned -23.4% over the past year.

Return vs Market: GEOS-ME exceeded the Norwegian Market which returned -8.7% over the past year.


Shareholder returns

GEOS-MEIndustryMarket
7 Day0%-2.2%0.09%
30 Day-7.8%-5.9%-1.8%
90 Day-23.0%2.6%2.1%
1 Year-2.1%-2.1%-19.7%-23.4%-3.9%-8.7%
3 Yearn/a46.9%28.8%40.2%21.9%
5 Yearn/a46.7%16.2%59.2%22.5%

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?

43.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GEOS-ME (NOK4.7) is trading below our estimate of fair value (NOK8.38)

Significantly Undervalued: 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

Low 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 (0.5x) compared to the NO Oil and Gas industry average (1x).


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?

11.7%

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


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 (29.3%).


Return on Equity

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


Return on Assets

ROA vs Industry: GEOS-ME is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GEOS-ME is currently unprofitable, so its Return on Capital Employed is negative.


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 (38.2M) do not cover its long term liabilities (220.3M)


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.

Debt Coverage: GEOS-ME's debt is not well covered by operating cash flow (13.2%).

Interest Coverage: Insufficient data to determine if GEOS-ME's interest payments on its debt are well covered by EBIT.


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).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.2%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Golden Energy Offshore Services's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average board tenure


CEO

Per Fagervoll 0

0yrs

Tenure

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 Age and Tenure

1.7yrs

Average Tenure

Experienced Board: GEOS-ME's board of directors are not considered experienced ( 1.7 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

  • Per Fagervoll

    CEO & Director

    • Tenure: 0yrs

Board Members

  • Per Fagervoll

    CEO & Director

    • Tenure: 0yrs
  • Sten Gustafson (52yo)

    Chairman of the Board

    • Tenure: 1.7yrs
  • Martin Muff

    Director

    • Tenure: 1.7yrs

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: kr166.455m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 22:09
End of Day Share Price2019/10/18 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.