Ocean Yield ASA, a vessel owning company, invests in vessels on long-term charters in Norway. More Details
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.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
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.
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
2 weeks ago | Simply Wall StOcean Yield (OB:OCY) Seems To Be Using A Lot Of Debt
1 month ago | Simply Wall StOcean Yield (OB:OCY) Shareholders Will Want The ROCE Trajectory To Continue
2 months ago | Simply Wall StWould Shareholders Who Purchased Ocean Yield's (OB:OCY) Stock Three Years Be Happy With The Share price Today?
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).
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%).
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.
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 ($1.1B).
Debt to Equity History and Analysis
Debt Level: OCY's debt to equity ratio (216.7%) is considered high.
Reducing Debt: OCY's debt to equity ratio has increased from 204.8% to 216.7% over the past 5 years.
Debt Coverage: OCY's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: OCY's interest payments on its debt are well covered by EBIT (7.9x coverage).
What is Ocean Yield current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCY's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Norwegian market (2%).
High Dividend: OCY's dividend (6.98%) is in the top 25% of dividend payers in the Norwegian market (5.27%)
Stability and Growth of Payments
Stable Dividend: OCY has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: OCY has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: OCY is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: OCY's dividends in 3 years are forecast to be covered by earnings (70.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Solbakken (64 yo)
Mr. Lars Solbakken has been the Chief Executive Officer at Ocean Yield AS since March 23, 2012. Before joining Ocean Yield, Mr. Solbakken served as CEO of Norwegian Car Carriers ASA from 2009 through Marc...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($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.
Experienced Management: OCY's management team is seasoned and experienced (7.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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: kr5.060b
- Shares outstanding: 175.22m
- Website: https://www.oceanyield.no
Number of Employees
- Ocean Yield ASA
- Oksenøyveien 10
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/04 21:52|
|End of Day Share Price||2021/08/04 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.