Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr22.58|
|52 Week High||kr9.54|
|52 Week Low||kr25.32|
|1 Month Change||16.39%|
|3 Month Change||9.08%|
|1 Year Change||129.47%|
|3 Year Change||-26.93%|
|5 Year Change||109.07%|
|Change since IPO||-44.93%|
Recent News & Updates
Returns At Odfjell Drilling (OB:ODL) Appear To Be Weighed Down
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Here's Why Odfjell Drilling (OB:ODL) Is Weighed Down By Its Debt Load
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
It's Probably Less Likely That Odfjell Drilling Ltd.'s (OB:ODL) CEO Will See A Huge Pay Rise This Year
The underwhelming share price performance of Odfjell Drilling Ltd. ( OB:ODL ) in the past three years would have...
|ODL||NO Energy Services||NO Market|
Return vs Industry: ODL exceeded the Norwegian Energy Services industry which returned 8.6% over the past year.
Return vs Market: ODL exceeded the Norwegian Market which returned 37.1% over the past year.
Stable Share Price: ODL is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ODL's weekly volatility (5%) has been stable over the past year.
About the Company
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 & Technology, and Well Services. It operates drilling units and offers management services to owners of semisubmersibles and drill ships; and project management and follow-up during construction, management of regulatory requirements, marketing and client relations, preparations for operation, and drilling operations.
Odfjell Drilling Fundamentals Summary
|ODL fundamental statistics|
Is ODL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ODL income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 25, 2021
|Earnings per share (EPS)||0.57|
|Net Profit Margin||13.74%|
How did ODL perform over the long term?See historical performance and comparison
Is Odfjell Drilling 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: ODL (NOK22.8) is trading below our estimate of fair value (NOK71.8)
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 (4.8x) compared to the Norwegian Energy Services industry average (4.9x).
PE vs Market: ODL is good value based on its PE Ratio (4.8x) compared to the Norwegian market (13.7x).
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 is good value based on its PB Ratio (0.5x) compared to the NO Energy Services industry average (0.7x).
How is Odfjell Drilling forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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 (-13.8% per year).
Earnings vs Market: ODL's earnings are forecast to decline over the next 3 years (-13.8% 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 (-3.9% per year).
High Growth Revenue: ODL's revenue is forecast to decline over the next 3 years (-3.9% 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 (4.3%).
How has Odfjell Drilling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ODL has high quality earnings.
Growing Profit Margin: ODL's current net profit margins (13.7%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: ODL has become profitable over the past 5 years, growing earnings by 58.7% per year.
Accelerating Growth: ODL's earnings growth over the past year (241.5%) exceeds its 5-year average (58.7% per year).
Earnings vs Industry: ODL earnings growth over the past year (241.5%) exceeded the Energy Services industry 36.5%.
Return on Equity
High ROE: ODL's Return on Equity (11.8%) is considered low.
How is Odfjell Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: ODL's short term assets ($355.4M) exceed its short term liabilities ($331.1M).
Long Term Liabilities: ODL's short term assets ($355.4M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: ODL's debt to equity ratio (93.2%) is considered high.
Reducing Debt: ODL's debt to equity ratio has reduced from 189.2% to 93.2% over the past 5 years.
Debt Coverage: ODL's debt is well covered by operating cash flow (26.6%).
Interest Coverage: ODL's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is Odfjell Drilling current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ODL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ODL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ODL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ODL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ODL is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ODL's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Simen Lieungh (61 yo)
Mr. Simen Lieungh was Director at Multiconsult ASA since April 25, 2019 until 2021. He has been the Chief Executive Officer and President of Odfjell Drilling AS since October 1, 2010 and Odfjell Drilling L...
CEO Compensation Analysis
Compensation vs Market: Simen's total compensation ($USD1.12M) is above average for companies of similar size in the Norwegian market ($USD693.29K).
Compensation vs Earnings: Simen's compensation has been consistent with company performance over the past year.
Experienced Management: ODL's management team is considered experienced (3.8 years average tenure).
Experienced Board: ODL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Odfjell Drilling Ltd.'s employee growth, exchange listings and data sources
- Name: Odfjell Drilling Ltd.
- Ticker: ODL
- Exchange: OB
- Founded: 1914
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: kr5.399b
- Shares outstanding: 236.78m
- Website: https://www.odfjelldrilling.com
Number of Employees
- Odfjell Drilling Ltd.
- Bergen House
- Crawpeel Road
- AB12 3LG
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 16:20|
|End of Day Share Price||2021/10/27 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.