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Last Updated

2021/08/04 21:52 UTC

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Company Financials +

Executive Summary

Ocean Yield ASA, a vessel owning company, invests in vessels on long-term charters in Norway. More Details

Snowflake Analysis

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 is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OCY's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




NO Energy Services


NO Market

1 Year Return




NO Energy Services


NO Market

Return vs Industry: OCY exceeded the Norwegian Energy Services industry which returned 8% over the past year.

Return vs Market: OCY underperformed the Norwegian Market which returned 29.5% over the past year.

Shareholder returns

7 Day-2.4%-7.4%0.8%
30 Day-4.4%-11.7%-0.5%
90 Day-7.0%-11.6%2.8%
1 Year33.9%25.0%13.7%8.0%34.3%29.5%
3 Year-41.6%-56.4%-67.7%-69.8%17.8%4.4%
5 Year-31.4%-57.2%-25.3%-37.1%76.2%43.6%

Long-Term 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


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 (NOK28.88) is trading below our estimate of fair value (NOK94.08)

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 Norwegian 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 (0.9x) compared to the NO Energy Services industry average (0.5x).

Future Growth

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 (1.2%).

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 is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: OCY's revenue is forecast to decline over the next 3 years (-2% 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 (10.6%).

Past Performance

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 39.7% 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 (9.8%).

Return on Equity

High ROE: OCY has a negative Return on Equity (-0.9%), as it is currently unprofitable.

Financial Health

How is Ocean Yield's financial position?

Financial Position Analysis

Short Term Liabilities: OCY's short term assets ($430.0M) exceed its short term liabilities ($343.4M).

Long Term Liabilities: OCY's short term assets ($430.0M) do not cover its long term liabilities ($1.1B).

Debt to Equity History and Analysis

Debt Level: OCY's debt to equity ratio (216.7%) is considered high.

Reducing Debt: OCY's debt to equity ratio has increased from 204.8% to 216.7% over the past 5 years.

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

Interest Coverage: OCY's interest payments on its debt are well covered by EBIT (7.9x coverage).

Balance Sheet


What is Ocean Yield current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OCY's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Norwegian market (2%).

High Dividend: OCY's dividend (6.98%) is in the top 25% of dividend payers in the Norwegian market (5.27%)

Stability and Growth of Payments

Stable Dividend: OCY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OCY has only been paying a dividend for 8 years, and since then payments have fallen.

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 (70.9% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Lars Solbakken (64 yo)





Mr. Lars Solbakken has been the Chief Executive Officer at Ocean Yield AS since March 23, 2012. Before joining Ocean Yield, Mr. Solbakken served as CEO of Norwegian Car Carriers ASA from 2009 through Marc...

CEO Compensation Analysis

Compensation vs Market: Lars's total compensation ($USD727.90K) is about average for companies of similar size in the Norwegian market ($USD645.28K).

Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: OCY's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Experienced Board: OCY's board of directors are considered experienced (8.1 years average tenure).


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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

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

Key Information

  • Name: Ocean Yield ASA
  • Ticker: OCY
  • Exchange: OB
  • Founded: 2012
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr5.060b
  • Shares outstanding: 175.22m
  • Website: https://www.oceanyield.no

Number of Employees


  • Ocean Yield ASA
  • Oksenøyveien 10
  • Lysaker
  • Akershus
  • 1366
  • Norway



Ocean Yield ASA, a vessel owning company, invests in vessels on long-term charters in Norway. It operates through Tankers, Container Vessels, Car Carriers, Other Shipping, Other Oil Service, FPSO, and Othe...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 21:52
End of Day Share Price2021/08/04 00:00
Annual Earnings2020/12/31

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.