Odfjell Drilling Ltd.

OB:ODL Stock Report

Market Cap: NOK 15.2b

Odfjell Drilling Valuation

Is ODL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ODL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 138.24
Fair Value
54.3% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: ODL (NOK63.2) is trading below our estimate of fair value (NOK138.24)

Significantly Below Fair Value: ODL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ODL?

Key metric: As ODL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ODL. This is calculated by dividing ODL's market cap by their current earnings.
What is ODL's PE Ratio?
PE Ratio21.1x
EarningsUS$64.70m
Market CapUS$1.36b

Price to Earnings Ratio vs Peers

How does ODL's PE Ratio compare to its peers?

The above table shows the PE ratio for ODL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.6x
PLSV Paratus Energy Services
22.1x29.5%NOK 7.3b
ARCH Archer
184.5x120.6%NOK 2.5b
SHLF Shelf Drilling
4.8x-17.9%NOK 2.1b
OTL Odfjell Technology
7.2x13.8%NOK 1.8b
ODL Odfjell Drilling
21.1x35.3%NOK 15.2b

Price-To-Earnings vs Peers: ODL is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (54.6x).

Price to Earnings Ratio vs Industry

How does ODL's PE Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SEA1 Sea1 Offshore
1.6x-30.0%US$277.60m
AWDR Awilco Drilling
0.3xn/aUS$54.33m
No more companies available in this PE range
ODL 21.1xIndustry Avg. 6.5xNo. of Companies5PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODL is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the Norwegian Energy Services industry average (6.5x).

Price to Earnings Ratio vs Fair Ratio

What is ODL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ODL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.1x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: ODL is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ODL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 63.20
NOK 85.68
+35.6%
12.2%NOK 99.45NOK 70.25n/a4
Feb ’26NOK 62.20
NOK 85.67
+37.7%
12.3%NOK 99.97NOK 71.43n/a4
Jan ’26NOK 51.30
NOK 85.18
+66.0%
13.8%NOK 102.94NOK 70.64n/a4
Dec ’25NOK 48.70
NOK 84.48
+73.5%
13.7%NOK 101.91NOK 69.93n/a4
Nov ’25NOK 50.50
NOK 83.25
+64.8%
14.8%NOK 103.09NOK 70.50n/a4
Oct ’25NOK 50.80
NOK 82.34
+62.1%
15.0%NOK 102.23NOK 69.91n/a4
Sep ’25NOK 53.20
NOK 80.70
+51.7%
14.8%NOK 99.95NOK 68.87n/a4
Aug ’25NOK 58.70
NOK 70.73
+20.5%
14.0%NOK 86.38NOK 59.94n/a4
Jul ’25NOK 58.70
NOK 70.73
+20.5%
14.0%NOK 86.38NOK 59.94n/a4
Jun ’25NOK 57.60
NOK 69.89
+21.3%
13.6%NOK 84.99NOK 60.04n/a4
May ’25NOK 51.20
NOK 64.86
+26.7%
3.5%NOK 67.81NOK 62.20n/a4
Apr ’25NOK 48.70
NOK 57.78
+18.6%
12.4%NOK 64.98NOK 45.84n/a4
Mar ’25NOK 44.20
NOK 57.19
+29.4%
12.7%NOK 65.00NOK 45.26n/a4
Feb ’25NOK 41.15
NOK 52.25
+27.0%
15.2%NOK 65.70NOK 45.27NOK 62.204
Jan ’25NOK 39.40
NOK 50.84
+29.0%
15.1%NOK 63.84NOK 43.99NOK 51.304
Dec ’24NOK 34.50
NOK 48.46
+40.5%
4.2%NOK 50.12NOK 45.07NOK 48.704
Nov ’24NOK 38.30
NOK 46.66
+21.8%
4.4%NOK 49.80NOK 44.40NOK 50.504
Oct ’24NOK 37.85
NOK 46.92
+24.0%
4.8%NOK 50.44NOK 44.53NOK 50.804
Sep ’24NOK 36.50
NOK 44.05
+20.7%
8.5%NOK 49.84NOK 39.49NOK 53.204
Aug ’24NOK 29.35
NOK 37.32
+27.2%
7.0%NOK 40.31NOK 33.93NOK 58.703
Jul ’24NOK 25.85
NOK 38.78
+50.0%
5.3%NOK 40.92NOK 36.03NOK 58.703
Jun ’24NOK 26.00
NOK 40.42
+55.5%
6.3%NOK 42.96NOK 36.96NOK 57.603
May ’24NOK 24.80
NOK 35.47
+43.0%
12.1%NOK 40.93NOK 30.49NOK 51.203
Apr ’24NOK 26.45
NOK 34.81
+31.6%
12.0%NOK 40.05NOK 29.83NOK 48.703
Mar ’24NOK 27.10
NOK 37.09
+36.9%
12.6%NOK 42.85NOK 31.12NOK 44.204
Feb ’24NOK 26.40
NOK 32.84
+24.4%
14.7%NOK 41.21NOK 29.93NOK 41.154
Analyst Price Target
Consensus Narrative from 4 Analysts
NOK 85.68
Fair Value
26.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 05:59
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Odfjell Drilling Ltd. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kristoffer IdenArctic Securities ASA
Håkon JohansenBeringer Finance AB