Executive Summary
Oceanteam ASA operates as an offshore shipping company in the Gulf of Mexico, Latin America, West Africa, and the Asia-Pacific.
Snowflake
Fundamentals
Excellent balance sheet and overvalued.
Risks
- Oceanteam has significant price volatility in the past 3 months.
- Oceanteam is not covered by any analysts.
Share Price & News
How has Oceanteam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-12.3%
OB:OTS
-5.6%
NO Energy Services
-1.6%
NO Market
1 Year Return
-56.1%
OB:OTS
-42.0%
NO Energy Services
-14.3%
NO Market
OTS underperformed the Energy Services industry which returned -42% over the past year.
OTS underperformed the Market in Norway which returned -14.3% over the past year.
Share holder returns
| OTS | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.3% | -5.6% | -1.6% |
| 30 Day | -13.9% | -17.0% | -5.5% |
| 90 Day | -22.5% | -27.3% | -8.1% |
| 1 Year | -56.1%-56.1% | -40.9%-42.0% | -9.6%-14.3% |
| 3 Year | -91.2%-91.2% | -8.8%-15.1% | 36.7%19.1% |
| 5 Year | -94.5%-94.5% | -53.5%-66.9% | 37.0%6.3% |
Price Volatility Vs. Market
How volatile is Oceanteam's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
How Does Oceanteam ASA (OB:OTS) Affect Your Portfolio Volatility?1 month ago | Simply Wall St
Introducing Oceanteam (OB:OTS), The Stock That Tanked 95%2 months ago | Simply Wall St
Could Oceanteam ASA's (OB:OTS) Investor Composition Influence The Stock Price?Valuation
Is Oceanteam undervalued based on future cash flows and its price relative to the stock market?
0.41x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Oceanteam's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Oceanteam's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Oceanteam is loss making, we can't compare its value to the NO Energy Services industry average.
Oceanteam is loss making, we can't compare the value of its earnings to the Norway market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Oceanteam, we can't assess if its growth is good value.
Price Based on Value of Assets
Oceanteam is good value based on assets compared to the NO Energy Services industry average.
Next Steps
Future Growth
How is Oceanteam expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
43.7%
Forecasted Energy Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oceanteam has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Oceanteam's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Oceanteam competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the energy industry.
Past Performance
How has Oceanteam performed over the past 5 years?
-10.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Oceanteam does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Oceanteam's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Oceanteam's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Return on Equity
Oceanteam has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Oceanteam used its assets less efficiently than the NO Energy Services industry average last year based on Return on Assets.
Return on Capital Employed
It is difficult to establish if Oceanteam improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is Oceanteam's financial position?
Financial Position Analysis
Oceanteam's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Oceanteam's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Oceanteam's level of debt (37.2%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (81.6% vs 37.2% today).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.4x debt.
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.
Whilst loss making Oceanteam has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
Whilst loss making Oceanteam has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.4% per year.
Next Steps
Dividend
What is Oceanteam's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Oceanteam's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Oceanteam's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Oceanteam has not reported any payouts.
Unable to verify if Oceanteam's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Oceanteam has not reported any payouts.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Oceanteam's salary, the management and board of directors tenure and is there insider trading?
1.0yrs
Average management tenure
CEO
Leidus Bosman (52yo)
0.8yrs
Tenure
US$296,800
Compensation
Mr. Leidus Bosman has been Chief Executive Officer at Oceanteam ASA since October 15, 2018. Mr. Bosman has a broad international experience in the offshore industry, among others, as part of the management ...
CEO Compensation Analysis
Leidus's remuneration is about average for companies of similar size in Norway.
Insufficient data for Leidus to compare compensation growth.
Management Age and Tenure
1.0yrs
Average Tenure
53.5yo
Average Age
The average tenure for the Oceanteam management team is less than 2 years, this suggests a new team.
Board Age and Tenure
1.3yrs
Average Tenure
51yo
Average Age
The average tenure for the Oceanteam board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Meindert van Genderen (55yo)
- Tenure: 1.3yrs
- Compensation: $506.03k
Tsonka Rangelova
Corporate Counsel & Secretary
- Tenure: 3.7yrs
Diederik Legger (50yo)
- Tenure: 0.8yrs
- Compensation: $167.67k
Marc Groenendijk
Managing Director
Jan Willem Bloois
Director of Sales & Marketing
Leidus Bosman (52yo)
Chief Executive Officer
- Tenure: 0.8yrs
- Compensation: $296.80k
Hendrik Hazenoot (58yo)
Interim Chief Financial Officer
- Tenure: 1.0yrs
- Compensation: $245.17k
Board Members
Keesjan Cordia (45yo)
Chairman of the Board
- Tenure: 1.3yrs
- Compensation: $34.00k
Karin Govaert (51yo)
Director
- Tenure: 1.3yrs
- Compensation: $26.00k
Jan-Hein Jesse (58yo)
Director
- Tenure: 1.1yrs
- Compensation: $17.00k
Company Information
Oceanteam ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oceanteam ASA
- Ticker: OTS
- Exchange: OB
- Founded: 2005
- Industry: oil and gas equipment and services
- Sector: energy
- Market Cap: kr219.534m
- Shares outstanding: 786.86m
- Website: Click here
Number of Employees
Location
- Oceanteam ASA
- Tveitaråsveien 12
- Paradis
- Bergen
- Hordaland
- 5232
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| H2J | DB (Deutsche Boerse AG) | Yes | Class A Shares | DE | EUR | May 2006 |
| OTS | OB (Oslo Bors) | Yes | Class A Shares | NO | NOK | May 2006 |
| 0HJ5 | LSE (London Stock Exchange) | Yes | Class A Shares | GB | NOK | May 2006 |
| H2J | BST (Boerse-Stuttgart) | Yes | Class A Shares | DE | EUR | May 2006 |
| OTSO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class A Shares | GB | NOK | May 2006 |
Biography
Oceanteam ASA operates as an offshore shipping company in the Gulf of Mexico, Latin America, West Africa, and the Asia-Pacific. It operates through Oceanteam Shipping and Oceanteam Solutions segments. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/17 21:02 |
| End of Day Share Price | 2019/08/16 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.