Ocean Yield ASA, a ship owning company, invests in vessels on long-term charters in Norway.
Moderate growth potential second-rate dividend payer.
Share Price & News
How has Ocean Yield's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OCY's share price has been volatile over the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: OCY exceeded the Norwegian Energy Services industry which returned -67.7% over the past year.
Return vs Market: OCY underperformed the Norwegian Market which returned -24.3% over the past year.
Price Volatility Vs. Market
How volatile is Ocean Yield's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDo Directors Own Ocean Yield ASA (OB:OCY) Shares?
1 month ago | Simply Wall StEirik Eide Is The Chief Financial Officer of Ocean Yield ASA (OB:OCY) And They Just Spent US$805k On Shares
1 month ago | Simply Wall StSome Ocean Yield (OB:OCY) Shareholders Are Down 30%
Is Ocean Yield undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OCY (NOK22.9) is trading below our estimate of fair value (NOK87.07)
Significantly Below Fair Value: OCY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OCY is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: OCY 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 OCY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OCY is overvalued based on its PB Ratio (0.4x) compared to the NO Energy Services industry average (0.2x).
How is Ocean Yield forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).
Earnings vs Market: OCY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OCY's is expected to become profitable in the next 3 years.
Revenue vs Market: OCY's revenue (1.6% per year) is forecast to grow slower than the Norwegian market (2.9% per year).
High Growth Revenue: OCY's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCY's Return on Equity is forecast to be low in 3 years time (11.3%).
How has Ocean Yield performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCY is currently unprofitable.
Growing Profit Margin: OCY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OCY is unprofitable, and losses have increased over the past 5 years at a rate of -24.6% per year.
Accelerating Growth: Unable to compare OCY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OCY is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-28.5%).
Return on Equity
High ROE: OCY has a negative Return on Equity (-4.55%), as it is currently unprofitable.
How is Ocean Yield's financial position?
Financial Position Analysis
Short Term Liabilities: OCY's short term assets ($412.3M) exceed its short term liabilities ($333.0M).
Long Term Liabilities: OCY's short term assets ($412.3M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: OCY's debt to equity ratio (249.3%) is considered high.
Reducing Debt: OCY's debt to equity ratio has increased from 138.3% to 249.3% over the past 5 years.
Inventory Level: OCY has a high level of physical assets or inventory.
Debt Coverage by Assets: OCY'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: OCY has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: OCY has been profitable on average in the past, therefore cash runway is not a concern.
What is Ocean Yield's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCY's dividend (34.83%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.73%).
High Dividend: OCY's dividend (34.83%) is in the top 25% of dividend payers in the Norwegian market (8.05%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OCY has been paying a dividend for less than 10 years.
Growing Dividend: OCY's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: OCY is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: OCY's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Solbakken (62yo)
Mr. Lars Solbakken has been the Chief Executive Officer at Ocean Yield AS since March 23, 2012. Mr. Solbakken served as the Chief Executive Officer at Eidsiva Rederi ASA (also known as Norwegian Car Carrie ...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD1.50M) is above average for companies of similar size in the Norwegian market ($USD397.31K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||8.08yrs||US$1.50m||0.89% $36.4m|
|Chief Financial Officer||8.08yrs||US$635.75k||0.22% $8.9m|
|Senior Vice President of Investments||3.67yrs||no data||0.023% $938.1k|
|Chief Accounting Officer||no data||no data||no data|
|Senior Vice President of Finance & Investor Relations||4yrs||no data||0.075% $3.1m|
|Head of Business Development and M&A||2.58yrs||no data||0.037% $1.5m|
|Managing Director Ocean Yield Malta Ltd||2.25yrs||no data||no data|
|Managing Director of Aker Floating Production AS||no data||no data||no data|
Experienced Management: OCY's management team is considered experienced (3.8 years average tenure).
|Director||7yrs||no data||0.16% $6.6m|
|Director||6.75yrs||no data||0.011% $469.0k|
|Chairman||4yrs||no data||0.035% $1.4m|
|Director||6.75yrs||no data||0.033% $1.3m|
|Director||6.75yrs||no data||no data|
|Deputy Director||4yrs||no data||no data|
Experienced Board: OCY's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Ocean Yield ASA's company bio, employee growth, exchange listings and data sources
- Name: Ocean Yield ASA
- Ticker: OCY
- Exchange: OB
- Founded: 2012
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr4.107b
- Shares outstanding: 175.14m
- Website: https://www.oceanyield.no
Number of Employees
- Ocean Yield ASA
- OksenOeyveien 10
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCY||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2013|
|OY3||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2013|
|0QG5||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2013|
|OYIE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2013|
|OCYO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2013|
|OY3||BRSE (Berne Stock Exchange)||Yes||Ordinary Shares||CH||CHF||Jul 2013|
Ocean Yield ASA, a ship owning company, invests in vessels on long-term charters in Norway. It operates through FPSO, Other Oil Service, Car Carriers, Container Vessels, Tankers, and Other Shipping segments. The company has a portfolio of 69 vessels in 8 various shipping segments chartered to counterparties that operate within shipping and oil-service. Ocean Yield ASA was founded in 2012 and is headquartered in Lysaker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 11:20|
|End of Day Share Price||2020/04/02 00:00|
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.