OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. More Details
Reasonable growth potential and slightly overvalued.
Share Price & News
How has OKEA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OKEA is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: OKEA's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
7 Day Return
NO Oil and Gas
1 Year Return
NO Oil and Gas
Return vs Industry: OKEA underperformed the Norwegian Oil and Gas industry which returned -10.4% over the past year.
Return vs Market: OKEA underperformed the Norwegian Market which returned 1.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is OKEA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWho Has Been Buying OKEA ASA (OB:OKEA) Shares?
1 month ago | Simply Wall StAre Institutions Heavily Invested In OKEA ASA's (OB:OKEA) Shares?
1 month ago | Simply Wall StOKEA's (OB:OKEA) Stock Price Has Reduced 51% In The Past Year
Is OKEA 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: OKEA (NOK13.8) is trading below our estimate of fair value (NOK162.06)
Significantly Below Fair Value: OKEA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OKEA is unprofitable, so we can't compare its PE Ratio to the NO Oil and Gas industry average.
PE vs Market: OKEA is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OKEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OKEA is overvalued based on its PB Ratio (1.6x) compared to the NO Oil and Gas industry average (0.7x).
How is OKEA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OKEA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: OKEA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OKEA's is expected to become profitable in the next 3 years.
Revenue vs Market: OKEA's revenue (15.3% per year) is forecast to grow faster than the Norwegian market (6.7% per year).
High Growth Revenue: OKEA's revenue (15.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OKEA's Return on Equity is forecast to be low in 3 years time (1.4%).
How has OKEA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OKEA is currently unprofitable.
Growing Profit Margin: OKEA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OKEA is unprofitable, and losses have increased over the past 5 years at a rate of 85% per year.
Accelerating Growth: Unable to compare OKEA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OKEA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (263.2%).
Return on Equity
High ROE: OKEA has a negative Return on Equity (-87.46%), as it is currently unprofitable.
How is OKEA's financial position?
Financial Position Analysis
Short Term Liabilities: OKEA's short term assets (NOK2.1B) exceed its short term liabilities (NOK1.2B).
Long Term Liabilities: OKEA's short term assets (NOK2.1B) do not cover its long term liabilities (NOK7.6B).
Debt to Equity History and Analysis
Debt Level: OKEA's debt to equity ratio (298.7%) is considered high.
Reducing Debt: Insufficient data to determine if OKEA's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OKEA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if OKEA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is OKEA current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OKEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OKEA'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 OKEA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OKEA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OKEA'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
Erik Haugane (67 yo)
Mr. Erik Haugane serves as Chief Executive Officer and Founder at OKEA AS. He served as the Chief Executive Officer and President of Det Norske Oljeselskap ASA until May 1, 2013. Mr. Haugane served as an A...
CEO Compensation Analysis
Compensation vs Market: Erik's total compensation ($USD400.99K) is about average for companies of similar size in the Norwegian market ($USD470.01K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
|Founder & CEO||no data||kr3.45m||0.16% |
|Senior Vice President Operations||no data||kr283.00k||0.090% |
|Senior Vice President Accounting & Controlling||no data||kr167.00k||0.15% |
|Senior Vice President of Business Performance||no data||kr2.94m||0.092% |
|Chief Financial Officer||no data||no data||0.057% |
|SVP of Project & Technology||0.75yr||no data||0.071% |
|Vice President of Investor Relations||no data||no data||no data|
|Vice President||no data||no data||0.078% |
|Vice President of Legal||no data||no data||0.055% |
|Senior Vice President of Subsurface||1.92yrs||no data||0.092% |
|SVP Business Development||1.25yrs||no data||0.12% |
Experienced Management: OKEA's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Chairman of the Board||no data||kr1.12m||0.029% |
|Deputy Board Member||no data||no data||0.028% |
|Director||no data||kr21.00k||0.079% |
Experienced Board: OKEA's board of directors are not considered experienced ( 1.8 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: OKEA 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.
OKEA ASA's company bio, employee growth, exchange listings and data sources
- Name: OKEA ASA
- Ticker: OKEA
- Exchange: OB
- Founded: 2015
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: kr1.415b
- Shares outstanding: 102.50m
- Website: https://okea.no
Number of Employees
- OKEA ASA
- Ferjemannsveien 10
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OKEA||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jun 2019|
|3SX||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2019|
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. It holds interests 44.56% in Draugen, 12% in Gjøa, and 0.55% in Ivar Aasen lic...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/19 02:15|
|End of Day Share Price||2021/01/18 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.