OB:ODL

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Odfjell Drilling

Executive Summary

Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. More Details


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

-3.2%

ODL

-3.9%

NO Energy Services

-0.9%

NO Market


1 Year Return

-61.2%

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

ODLIndustryMarket
7 Day-3.2%-3.9%-0.9%
30 Day12.5%1.1%-0.8%
90 Day-4.2%-7.6%2.1%
1 Year-61.2%-61.2%-51.3%-53.3%-8.7%-11.6%
3 Year-65.5%-65.5%-67.9%-70.0%1.5%-9.9%
5 Year92.2%92.2%-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

Valuation

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

NamePositionTenureCompensationOwnership
Simen Lieungh
CEO & President10.75yrsUS$2.63m0.20%
$ 5.4m
Atle Sæbø
CFO & Executive VPno dataUS$538.00kno data
Bjarte Mossefinn
General Manager - Odfjell Drilling Ltd.no datano datano data
Eirik Knudsen
VP of Corporate Finance & Investor Relationsno datano datano data
Per Lund
Chief Technology Officer - Digital Transformationno datano datano data
Bengt Olsen
Senior Vice President of Communication & Informationno datano datano data
Jone Torstensen
Chief of Staff & Executive VPno datano datano data
Kurt Fjell
Executive Vice President of Odfjell Drilling Technologyno datano datano data
Janike Myre
Senior Vice President of QHSEno datano datano data
Kjetil Gjersdal
Executive Vice President of Mobile Drilling Units4.33yrsno datano data
Michael Nielsen
Executive VP & Chief Commercial Officer4.33yrsno datano data
George Taggart
Executive Vice President of Well Services2.83yrsno datano data

4.3yrs

Average Tenure

59yo

Average Age

Experienced Management: ODL's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alasdair Shiach
Independent Director1.83yrsUS$22.00kno data
Helene Odfjell
Chairman of the Boardno dataUS$85.00kno data
Susanne Munch Thore
Independent Director2.33yrsUS$36.00k0.0013%
$ 34.0k
Thomas Marsoner
Independent Director1.83yrsUS$22.00k0.0084%
$ 226.5k

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: kr2.680b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ODLOB (Oslo Bors)YesShare Capital NONOKSep 2013
OD3DB (Deutsche Boerse AG)YesShare Capital DEEURSep 2013
0QHXLSE (London Stock Exchange)YesShare Capital GBNOKSep 2013
ODLOBATS-CHIXE (BATS 'Chi-X Europe')YesShare Capital GBNOKSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 22:15
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.