Executive Summary
Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide.
Snowflake
Fundamentals
Fair value with moderate growth potential.
Share Price & News
How has Odfjell Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.7%
ODL
1.0%
NO Energy Services
0.07%
NO Market
1 Year Return
-13.7%
ODL
-31.5%
NO Energy Services
-8.7%
NO Market
Return vs Industry: ODL exceeded the Norwegian Energy Services industry which returned -31.5% over the past year.
Return vs Market: ODL underperformed the Norwegian Market which returned -8.7% over the past year.
Shareholder returns
| ODL | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 1.0% | 0.07% |
| 30 Day | -5.1% | -4.6% | -1.9% |
| 90 Day | 7.2% | -3.2% | 2.1% |
| 1 Year | -13.7%-13.7% | -30.2%-31.5% | -3.9%-8.7% |
| 3 Year | 133.7%133.7% | 2.5%-4.4% | 40.2%21.9% |
| 5 Year | 32.1%32.1% | -29.6%-51.1% | 59.2%22.5% |
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 week ago | Simply Wall St
Odfjell Drilling (OB:ODL) Seems To Be Using An Awful Lot Of Debt3 weeks ago | Simply Wall St
Did Odfjell Drilling Ltd. (OB:ODL) Insiders Buy Up More Shares?1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Odfjell Drilling Ltd.'s (OB:ODL) P/E RatioValuation
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
Undervalued: ODL (NOK28.4) is trading below our estimate of fair value (NOK79.53)
Significantly Undervalued: ODL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ODL is poor value based on its PE Ratio (25x) compared to the Energy Services industry average (17.1x).
PE vs Market: ODL is poor value based on its PE Ratio (25x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: ODL is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ODL is overvalued based on its PB Ratio (0.7x) compared to the NO Energy Services industry average (0.6x).
Next Steps
Future Growth
How is Odfjell Drilling forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
55.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ODL's forecast earnings growth (55.7% per year) is above the savings rate (1.8%).
Earnings vs Market: ODL's earnings (55.7% per year) are forecast to grow faster than the Norwegian market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ODL's revenue (3.7% per year) is forecast to grow slower than the Norwegian market (4.7% per year).
High Growth Revenue: ODL's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ODL's Return on Equity is forecast to be low in 3 years time (7.4%).
Next Steps
Past Performance
How has Odfjell Drilling performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ODL's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: ODL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ODL had negative earnings growth (-7%) over the past year, making it difficult to compare to the Energy Services industry average (5%).
Return on Equity
High ROE: ODL's Return on Equity (3.6%) is considered low.
Return on Assets
ROA vs Industry: ODL's Return on Assets is below or equal to the Energy Services industry average last year.
Return on Capital Employed
ROCE Improving: ODL's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Odfjell Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: ODL's short term assets ($341.4M) do not cover its short term liabilities ($373.3M)
Long Term Liabilities: ODL's short term assets (341.4M) do not cover its long term liabilities (1.3B)
Debt to Equity History and Analysis
Debt Level: ODL's debt to equity ratio (138.7%) is considered high
Reducing Debt: ODL's debt to equity ratio has increased from 106.5% to 138.7% over the past 5 years.
Debt Coverage: ODL's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: ODL's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Inventory Level: ODL has a high level of physical assets or inventory.
Debt Coverage by Assets: ODL's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Odfjell Drilling's current dividend yield, its reliability and sustainability?
0.14%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate ODL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ODL'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 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
What is the CEO of Odfjell Drilling's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average board tenure
CEO
Simen Lieungh (59yo)
9.8yrs
Tenure
US$1,005,000
Compensation
Mr. Simen Lieungh is Director at Multiconsult ASA since April 25, 2019. He has been the Chief Executive Officer and President of Odfjell Drilling AS since October 1, 2010 and Odfjell Drilling Ltd. since 20 ...
CEO Compensation Analysis
Compensation vs. Market: Simen's total compensation ($USD1.01M) is about average for companies of similar size in the Norwegian market ($USD543.38K).
Compensation vs Earnings: Simen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Age and Tenure
0.8yrs
Average Tenure
Experienced Board: ODL's board of directors are not considered experienced ( 0.8 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.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,000 |
| Max Price | US$28.50 |
Ownership Breakdown
Management Team
Simen Lieungh (59yo)
CEO & President
- Tenure: 9.8yrs
- Compensation: US$1.01m
Atle Sæbø (63yo)
CFO & Executive VP
- Tenure: 0yrs
- Compensation: US$540.00k
Bengt Olsen (63yo)
Senior Vice President of Communication & Information
- Tenure: 0yrs
Janike Myre (57yo)
Senior Vice President of QHSE
- Tenure: 0yrs
Jone Torstensen (58yo)
Chief of Staff & Executive VP
- Tenure: 0yrs
Kurt Fjell
Executive Vice President of Odfjell Drilling Technology
- Tenure: 0yrs
Per Lund
Chief Technology Officer - Digital Transformation
- Tenure: 0yrs
Ole Maier (52yo)
Executive Vice President of Platform Drilling & Technology
- Tenure: 0yrs
Kjetil Gjersdal (49yo)
Executive Vice President of Mobile Drilling Units
- Tenure: 3.3yrs
Eirik Knudsen
VP of Corporate Finance & Investor Relations
- Tenure: 0yrs
Board Members
Alasdair Shiach
Director
- Tenure: 0.8yrs
Helene Odfjell (54yo)
Chairman of the Board
- Tenure: 0yrs
Susanne Munch Thore (59yo)
Director
- Tenure: 1.3yrs
Thomas Marsoner
Director
- Tenure: 0.8yrs
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: kr6.725b
- 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 | 2019/10/19 21:39 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.