Executive Summary
Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 89.7% per year for the next 3 years
Snowflake Analysis
Good value with proven track record.
Share Price & News
How has Odfjell Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ODL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.3%
ODL
-3.9%
NO Energy Services
-0.9%
NO Market
1 Year Return
-61.9%
ODL
-53.3%
NO Energy Services
-11.6%
NO Market
Return vs Industry: ODL underperformed the Norwegian Energy Services industry which returned -53% over the past year.
Return vs Market: ODL underperformed the Norwegian Market which returned -6.4% over the past year.
Shareholder returns
| ODL | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.3% | -3.9% | -0.9% |
| 30 Day | 13.9% | 1.1% | -0.8% |
| 90 Day | -5.8% | -7.6% | 2.1% |
| 1 Year | -61.9%-61.9% | -51.3%-53.3% | -8.7%-11.6% |
| 3 Year | -66.4%-66.4% | -67.9%-70.0% | 1.5%-9.9% |
| 5 Year | 96.1%96.1% | -38.7%-59.6% | 44.1%14.8% |
Price Volatility Vs. Market
How volatile is Odfjell Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Returns On Capital Tell Us A Lot About Odfjell Drilling (OB:ODL)4 weeks ago | Simply Wall St
These 4 Measures Indicate That Odfjell Drilling (OB:ODL) Is Using Debt Extensively1 month ago | Simply Wall St
What Odfjell Drilling Ltd.'s (OB:ODL) ROE Can Tell UsValuation
Is Odfjell Drilling 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: ODL (NOK11.32) is trading below our estimate of fair value (NOK38.03)
Significantly Below Fair Value: ODL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ODL is good value based on its PE Ratio (7.3x) compared to the XE Energy Services industry average (17.7x).
PE vs Market: ODL is good value based on its PE Ratio (7.3x) compared to the Norwegian market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: ODL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ODL's PB Ratio (0.3x) is in line with the NO Energy Services industry average.
Next Steps
Future Growth
How is Odfjell Drilling forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-89.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ODL's earnings are forecast to decline over the next 3 years (-89.7% per year).
Earnings vs Market: ODL's earnings are forecast to decline over the next 3 years (-89.7% per year).
High Growth Earnings: ODL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ODL's revenue is expected to decline over the next 3 years (-3.7% per year).
High Growth Revenue: ODL's revenue is forecast to decline over the next 3 years (-3.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ODL's Return on Equity is forecast to be low in 3 years time (1.3%).
Next Steps
Past Performance
How has Odfjell Drilling performed over the past 5 years?
73.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ODL has high quality earnings.
Growing Profit Margin: ODL's current net profit margins (4.9%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: ODL has become profitable over the past 5 years, growing earnings by 73.2% per year.
Accelerating Growth: ODL's earnings growth over the past year (34.1%) is below its 5-year average (73.2% per year).
Earnings vs Industry: ODL earnings growth over the past year (34.1%) exceeded the Energy Services industry -28.6%.
Return on Equity
High ROE: ODL's Return on Equity (4.5%) is considered low.
Next Steps
Financial Health
How is Odfjell Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: ODL's short term assets ($329.2M) do not cover its short term liabilities ($365.7M).
Long Term Liabilities: ODL's short term assets ($329.2M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: ODL's debt to equity ratio (126.9%) is considered high.
Reducing Debt: ODL's debt to equity ratio has reduced from 189.9% to 126.9% over the past 5 years.
Debt Coverage: ODL's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: ODL's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Odfjell Drilling current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ODL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ODL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ODL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ODL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ODL is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ODL'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?
4.3yrs
Average management tenure
CEO
Simen Lieungh (60 yo)
10.75yrs
Tenure
US$2,630,000
Compensation
Mr. Simen Lieungh is Director at Multiconsult ASA since April 25, 2019. He has been the Chief Executive Officer and President of Odfjell Drilling AS since October 1, 2010 and Odfjell Drilling Ltd. since 20 ...
CEO Compensation Analysis
Compensation vs Market: Simen's total compensation ($USD2.63M) is above average for companies of similar size in the Norwegian market ($USD437.85K).
Compensation vs Earnings: Simen's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 10.75yrs | US$2.63m | 0.20% $ 5.2m | |
| CFO & Executive VP | no data | US$538.00k | no data | |
| General Manager - Odfjell Drilling Ltd. | no data | no data | no data | |
| VP of Corporate Finance & Investor Relations | no data | no data | no data | |
| Chief Technology Officer - Digital Transformation | no data | no data | no data | |
| Senior Vice President of Communication & Information | no data | no data | no data | |
| Chief of Staff & Executive VP | no data | no data | no data | |
| Executive Vice President of Odfjell Drilling Technology | no data | no data | no data | |
| Senior Vice President of QHSE | no data | no data | no data | |
| Executive Vice President of Mobile Drilling Units | 4.33yrs | no data | no data | |
| Executive VP & Chief Commercial Officer | 4.33yrs | no data | no data | |
| Executive Vice President of Well Services | 2.83yrs | no data | no data |
4.3yrs
Average Tenure
59yo
Average Age
Experienced Management: ODL's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.83yrs | US$22.00k | no data | |
| Chairman of the Board | no data | US$85.00k | no data | |
| Independent Director | 2.33yrs | US$36.00k | 0.0013% $ 32.8k | |
| Independent Director | 1.83yrs | US$22.00k | 0.0084% $ 218.5k |
1.8yrs
Average Tenure
Experienced Board: ODL's board of directors are not considered experienced ( 1.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Odfjell Drilling Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Odfjell Drilling Ltd.
- Ticker: ODL
- Exchange: OB
- Founded: 1914
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: kr2.586b
- Shares outstanding: 236.78m
- Website: https://www.odfjelldrilling.com
Number of Employees
Location
- Odfjell Drilling Ltd.
- Bergen House
- Crawpeel Road
- Aberdeen
- Aberdeenshire
- AB12 3LG
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ODL | OB (Oslo Bors) | Yes | Share Capital | NO | NOK | Sep 2013 |
| OD3 | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Sep 2013 |
| 0QHX | LSE (London Stock Exchange) | Yes | Share Capital | GB | NOK | Sep 2013 |
| ODLO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | NOK | Sep 2013 |
Biography
Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. The company operates through three segments: Mobile Offshore Drilling Units, Drilling & T ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 22:11 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.