Odfjell Technology Ltd.

OB:OTL Stock Report

Market Cap: NOK 1.9b

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 (NOK45.85) is trading below our estimate of fair value (NOK145.53)

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 Ratio5.7x
EarningsNOK 315.10m
Market CapNOK 1.86b

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 Average47.9x
ARCH Archer
153.7x102.2%NOK 2.0b
SHLF Shelf Drilling
7.3x61.3%NOK 3.3b
PLSV Paratus Energy Services
15.6x28.1%NOK 8.2b
ODL Odfjell Drilling
15.1x55.9%NOK 12.3b
OTL Odfjell Technology
5.7x15.8%NOK 1.8b

Price-To-Earnings vs Peers: OTL is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (47.9x).

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
1.5x-37.3%US$412.06m
AWDR Awilco Drilling
0.2xn/aUS$31.04m
DWELLOP Dwellop
1xn/aUS$1.28m
No more companies available in this PE range
OTL 5.7xIndustry Avg. 9.3xNo. of Companies5PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OTL is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Norwegian Energy Services industry average (9.3x).

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 Ratio5.7x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: OTL is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

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 45.85
NOK 77.70
+69.5%
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 65.49n/a3
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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