OKEA ASA

OB:OKEA Stock Report

Market Cap: NOK 2.0b

OKEA Management

Management criteria checks 2/4

OKEA's CEO is Svein Liknes, appointed in Jun 2021, has a tenure of 3.5 years. total yearly compensation is NOK8.67M, comprised of 64.7% salary and 35.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth NOK3.38M. The average tenure of the management team and the board of directors is 3.5 years and 1.9 years respectively.

Key information

Svein Liknes

Chief executive officer

NOK 8.7m

Total compensation

CEO salary percentage64.7%
CEO tenure3.5yrs
CEO ownership0.2%
Management average tenure3.5yrs
Board average tenure1.9yrs

Recent management updates

Recent updates

OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Sep 26
OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

Jul 21
Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Jul 12
OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates

Jan 23
Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates

Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E

Jan 21
Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E

Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?

Dec 03
Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?

Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?

Oct 13
Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?

Analysts Are Betting On OKEA ASA (OB:OKEA) With A Big Upgrade This Week

Sep 03
Analysts Are Betting On OKEA ASA (OB:OKEA) With A Big Upgrade This Week

OKEA (OB:OKEA) Will Pay A Dividend Of NOK1.00

Aug 10
OKEA (OB:OKEA) Will Pay A Dividend Of NOK1.00

Earnings Miss: OKEA ASA Missed EPS By 39% And Analysts Are Revising Their Forecasts

Jul 16
Earnings Miss: OKEA ASA Missed EPS By 39% And Analysts Are Revising Their Forecasts

New Forecasts: Here's What Analysts Think The Future Holds For OKEA ASA (OB:OKEA)

May 01
New Forecasts: Here's What Analysts Think The Future Holds For OKEA ASA (OB:OKEA)

Analysts Just Made A Captivating Upgrade To Their OKEA ASA (OB:OKEA) Forecasts

Mar 26
Analysts Just Made A Captivating Upgrade To Their OKEA ASA (OB:OKEA) Forecasts

Time To Worry? Analysts Are Downgrading Their OKEA ASA (OB:OKEA) Outlook

Feb 11
Time To Worry? Analysts Are Downgrading Their OKEA ASA (OB:OKEA) Outlook

OKEA ASA (OB:OKEA) Surges 26% Yet Its Low P/E Is No Reason For Excitement

Aug 21
OKEA ASA (OB:OKEA) Surges 26% Yet Its Low P/E Is No Reason For Excitement

CEO Compensation Analysis

How has Svein Liknes's remuneration changed compared to OKEA's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-NOK 947m

Jun 30 2024n/an/a

-NOK 1b

Mar 31 2024n/an/a

-NOK 1b

Dec 31 2023NOK 9mNOK 6m

-NOK 935m

Sep 30 2023n/an/a

NOK 652m

Jun 30 2023n/an/a

NOK 724m

Mar 31 2023n/an/a

NOK 682m

Dec 31 2022NOK 9mNOK 5m

NOK 670m

Sep 30 2022n/an/a

NOK 629m

Jun 30 2022n/an/a

NOK 621m

Mar 31 2022n/an/a

NOK 794m

Dec 31 2021NOK 7mNOK 2m

NOK 603m

Compensation vs Market: Svein's total compensation ($USD771.31K) is above average for companies of similar size in the Norwegian market ($USD532.56K).

Compensation vs Earnings: Svein's compensation has been consistent with company performance over the past year.

CEO

Svein Liknes (52 yo)

3.5yrs

Tenure

NOK 8,674,000

Compensation

Mr. Svein Jacob Liknes has been Chief Executive Officer at OKEA ASA since June 01, 2021. Mr. Liknes was Senior Vice President, Operations and Asset Development until May 2019 and served as its Interim Head...

Leadership Team

NamePositionTenureCompensationOwnership
Svein Liknes
Chief Executive Officer3.5yrsNOK 8.67m0.17%
NOK 3.4m
Birte Norheim
Chief Financial Officer4.8yrsNOK 5.22m0.15%
NOK 2.9m
Tor Bjerkestrand
Senior Vice President of Operationsno dataNOK 5.15m0.092%
NOK 1.8m
Knut Gjertsen
SVP of Project & Technology4.7yrsNOK 5.50m0.16%
NOK 3.3m
Marit Vik-Langlie
Vice President of Legal4.9yrsNOK 3.02m0.11%
NOK 2.2m
Ida Lundh
Senior Vice President of Subsurface1.3yrsNOK 1.28mno data
Dag Eggan
Senior Vice President of Special Projectsno dataNOK 4.48m0.19%
NOK 3.7m
Kjersti Hovdal
Senior Vice President of Business Performance2.5yrsNOK 4.26m0.16%
NOK 3.2m
Espen Myhra
Senior Vice President of Strategy5.2yrsNOK 4.45m0.23%
NOK 4.6m
Borge Nerland
Senior Vice President of Drilling & Wells2.9yrsNOK 4.43mno data
Anca Jalba
Vice President of IR & Communicationno datano datano data
Bente Nordeide
Vice President of People & Organization2.3yrsno datano data

3.5yrs

Average Tenure

51yo

Average Age

Experienced Management: OKEA's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Finn Haugan
Independent Non-executive Director5.7yrsNOK 885.00k0.048%
NOK 942.6k
Rune Pedersen
Independent Non-executive Director5.7yrsNOK 784.00k0.025%
NOK 493.8k
Chaiwat Kovavisarach
Non-executive Chairman of the Board5.7yrsNOK 948.00k0.039%
NOK 778.0k
Nicola Gordon
Independent Non-executive Director5.7yrsNOK 812.00k0.025%
NOK 493.8k
Michael Fischer
Non-Executive Vice Chair of the Board6.1yrsNOK 860.00k0.025%
NOK 493.8k
Ragnhild Aas
Employee Representative Director1.9yrsNOK 317.00k0.097%
NOK 1.9m
Gro Markussen
Deputy Board Memberno dataNOK 11.00k0.015%
NOK 300.4k
Phatpuree Chinkulkitnivat
Director1.6yrsNOK 542.00kno data
Jon Jacobsen
Independent Non-Executive Director1.6yrsNOK 606.00kno data
Elizabeth Williamson
Independent Non-Executive Director1.6yrsNOK 578.00kno data
Sverre Nes
Employee Representative Director1.9yrsNOK 336.00kno data
Per Bjellvag
Employee Representative Director1.9yrsNOK 317.00kno data

1.9yrs

Average Tenure

55yo

Average Age

Experienced Board: OKEA's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 14:42
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

OKEA ASA is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jørgen LandeDanske Bank
Vidar LyngværDanske Bank
Mikael GjerdingDNB Markets