OB:OTS

Stock Analysis Report

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

OTSIndustryMarket
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

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

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
H2JDB (Deutsche Boerse AG)YesClass A SharesDEEURMay 2006
OTSOB (Oslo Bors)YesClass A SharesNONOKMay 2006
0HJ5LSE (London Stock Exchange)YesClass A SharesGBNOKMay 2006
H2JBST (Boerse-Stuttgart)YesClass A SharesDEEURMay 2006
OTSOBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBNOKMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 21:02
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.