Odfjell Technology Ltd.

OB:OTL Stock Report

Market Cap: NOK 1.7b

Odfjell Technology Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 OTL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OTL (NOK44) is trading below our estimate of fair value (NOK146.4)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OTL. This is calculated by dividing OTL's market cap by their current earnings.
What is OTL's PE Ratio?
PE Ratio5.5x
EarningsNOK 315.10m
Market CapNOK 1.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OTL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.8x
SHLF Shelf Drilling
5.1x11.9%NOK 2.3b
ARCH Archer
153.1x109.8%NOK 2.1b
PLSV Paratus Energy Services
22.7x32.6%NOK 7.6b
ODL Odfjell Drilling
14.3x55.9%NOK 11.9b
OTL Odfjell Technology
5.5x15.7%NOK 1.7b

Price-To-Earnings vs Peers: OTL is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (48.8x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SEA1 Sea1 Offshore
1.2x-42.6%US$327.32m
AWDR Awilco Drilling
0.3xn/aUS$48.07m
DWELLOP Dwellop
1.7xn/aUS$2.19m
No more companies available in this PE range
OTL 5.5xIndustry Avg. 6.2xNo. of Companies4PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OTL is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Norwegian Energy Services industry average (6.2x).

Price to Earnings Ratio vs Fair Ratio

What is OTL'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.

OTL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: OTL is good value based on its Price-To-Earnings Ratio (5.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

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 OTL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 44.00
NOK 77.70
+76.6%
8.0%NOK 87.88NOK 70.92n/a4
Dec ’25NOK 47.05
NOK 77.70
+65.1%
8.0%NOK 87.88NOK 70.92n/a4
Nov ’25NOK 51.30
NOK 81.23
+58.3%
8.3%NOK 91.80NOK 75.10n/a4
Oct ’25NOK 49.25
NOK 82.57
+67.7%
8.0%NOK 91.03NOK 74.90n/a3
Sep ’25NOK 55.00
NOK 81.70
+48.5%
6.8%NOK 89.16NOK 75.99n/a3
Aug ’25NOK 61.10
NOK 80.92
+32.4%
8.0%NOK 89.23NOK 73.54n/a3
Jul ’25NOK 60.10
NOK 80.92
+34.6%
8.0%NOK 89.23NOK 73.54n/a3
Jun ’25NOK 64.60
NOK 80.92
+25.3%
8.0%NOK 89.23NOK 73.54n/a3
May ’25NOK 62.40
NOK 82.87
+32.8%
8.5%NOK 92.08NOK 74.99n/a3
Apr ’25NOK 64.70
NOK 82.36
+27.3%
7.9%NOK 91.06NOK 75.41n/a3
Mar ’25NOK 61.10
NOK 82.04
+34.3%
8.2%NOK 91.07NOK 74.94n/a3
Feb ’25NOK 56.90
NOK 76.24
+34.0%
15.5%NOK 90.77NOK 61.84n/a3
Jan ’25NOK 55.50
NOK 78.92
+42.2%
13.1%NOK 90.66NOK 65.49n/a3
Dec ’24NOK 50.40
NOK 78.92
+56.6%
13.1%NOK 90.66NOK 65.49NOK 47.053
Nov ’24NOK 55.30
NOK 74.54
+34.8%
9.7%NOK 79.88NOK 64.30NOK 51.303
Oct ’24NOK 53.90
NOK 74.54
+38.3%
9.7%NOK 79.88NOK 64.30NOK 49.253
Sep ’24NOK 52.30
NOK 74.54
+42.5%
9.7%NOK 79.88NOK 64.30NOK 55.003
Aug ’24NOK 51.50
NOK 71.92
+39.7%
16.0%NOK 80.54NOK 55.69NOK 61.103
Jul ’24NOK 44.35
NOK 69.63
+57.0%
16.9%NOK 81.41NOK 57.86NOK 60.102
Jun ’24NOK 43.90
NOK 69.63
+58.6%
16.9%NOK 81.41NOK 57.86NOK 64.602
May ’24NOK 53.20
NOK 69.33
+30.3%
15.5%NOK 80.09NOK 58.56NOK 62.402
Apr ’24NOK 52.93
NOK 69.33
+31.0%
15.5%NOK 80.09NOK 58.56NOK 64.702
Mar ’24NOK 51.80
NOK 68.75
+32.7%
16.4%NOK 80.02NOK 57.48NOK 61.102
Feb ’24NOK 36.00
NOK 58.66
+62.9%
19.3%NOK 70.00NOK 47.32NOK 56.902
Jan ’24NOK 29.00
NOK 49.28
+69.9%
2.5%NOK 50.52NOK 48.03NOK 55.502
Dec ’23NOK 30.67
NOK 49.28
+60.7%
2.5%NOK 50.52NOK 48.03NOK 50.402

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 Analysis2024/12/23 05:11
End of Day Share Price 2024/12/20 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

Odfjell Technology Ltd. is covered by 4 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
Jørgen LandeDanske Bank
Martin KarlsenDNB Markets
Truls OlsenFearnley Securities