Executive Summary
Oceanteam ASA operates as an offshore shipping company in the Gulf of Mexico, Latin America, West Africa, and the Asia-Pacific.
Snowflake Analysis
Mediocre balance sheet with questionable track record.
Share Price & News
How has Oceanteam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OTS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.2%
OTS
0.8%
NO Energy Services
6.4%
NO Market
1 Year Return
-57.1%
OTS
-67.9%
NO Energy Services
-25.4%
NO Market
Return vs Industry: OTS exceeded the Norwegian Energy Services industry which returned -69% over the past year.
Return vs Market: OTS underperformed the Norwegian Market which returned -27.6% over the past year.
Shareholder returns
| OTS | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | 0.8% | 6.4% |
| 30 Day | -19.7% | -47.6% | -15.2% |
| 90 Day | -34.1% | -62.9% | -25.0% |
| 1 Year | -57.1%-57.1% | -67.0%-67.9% | -21.4%-25.4% |
| 3 Year | -96.4%-96.4% | -65.3%-67.8% | 1.1%-11.7% |
| 5 Year | -97.6%-97.6% | -59.3%-74.4% | 15.0%-10.7% |
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
1 week ago | Simply Wall St
Why Oceanteam ASA’s (OB:OTS) Use Of Investor Capital Doesn’t Look Great1 month ago | Simply Wall St
Easy Come, Easy Go: How Oceanteam (OB:OTS) Shareholders Torched 97% Of Their Cash2 months ago | Simply Wall St
Is Oceanteam (OB:OTS) A Risky Investment?Valuation
Is Oceanteam undervalued compared to its fair value and its price relative to the market?
21.25x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OTS (NOK3.23) is trading above our estimate of fair value (NOK0.44)
Significantly Below Fair Value: OTS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OTS is poor value based on its PE Ratio (21.2x) compared to the Energy Services industry average (6.6x).
PE vs Market: OTS is poor value based on its PE Ratio (21.2x) compared to the Norwegian market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OTS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OTS is good value based on its PB Ratio (0.2x) compared to the NO Energy Services industry average (0.2x).
Next Steps
Future Growth
How is Oceanteam forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
40.2%
Forecasted Energy 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
- Take a look at our analysis of OTS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
6.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OTS has a large one-off gain of $1.9M impacting its June 30 2019 financial results.
Growing Profit Margin: OTS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OTS has become profitable over the past 5 years, growing earnings by 6.3% per year.
Accelerating Growth: OTS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OTS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-28.5%).
Return on Equity
High ROE: OTS's Return on Equity (4.1%) is considered low.
Next Steps
Financial Health
How is Oceanteam's financial position?
Financial Position Analysis
Short Term Liabilities: OTS's short term assets ($14.6M) do not cover its short term liabilities ($35.5M).
Long Term Liabilities: OTS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OTS's debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: OTS's debt to equity ratio has reduced from 107.6% to 32% over the past 5 years.
Balance Sheet
Inventory Level: OTS has a high level of physical assets or inventory.
Debt Coverage by Assets: OTS's debt is not covered by short term assets (assets are 0.5x 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.
Stable Cash Runway: OTS is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if OTS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Oceanteam's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OTS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate OTS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OTS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OTS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OTS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Henk van den Ijssel (57yo)
no data
Tenure
Mr. Henk van den Ijssel is Chief Executive Officer at Oceanteam ASA since February 1, 2020. Mr.van den Ijssel was CCO at DeepOcean Group . Mr. van den Ijssel served as a Commercial Director of Cecon ASA an ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim Chief Financial Officer | 1.58yrs | US$245.17k | no data | |
| 1.42yrs | US$147.67k | no data | ||
| 1.83yrs | US$506.03k | no data | ||
| Chief Executive Officer | no data | no data | no data | |
| Managing Director | no data | no data | no data | |
| Corporate Counsel & Secretary | 4.25yrs | no data | no data | |
| Director of Sales & Marketing | no data | no data | no data |
1.7yrs
Average Tenure
56yo
Average Age
Experienced Management: OTS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 1.83yrs | US$34.00k | no data | |
| Director | 1.83yrs | US$26.00k | no data | |
| Director | 1.67yrs | US$17.00k | no data |
1.8yrs
Average Tenure
51yo
Average Age
Experienced Board: OTS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 379.9%.
Top Shareholders
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: kr110.502m
- Shares outstanding: 34.21m
- Website: https://www.oceanteam.nl
Number of Employees
Location
- Oceanteam ASA
- Tveitaråsveien 12
- Paradis
- Bergen
- Hordaland
- 5232
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 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 owns, charters, and manages two deepwater offshore construction support vessels, four fast support vessels (FSVs), and pipe lay vessels on long term contracts with solid subsea construction companies. It also provides equipment for offshore cable laying, umbilical installations, on and offshore cable storage, and cable transportation; and designs and engineers platforms and infrastructures for the oil and gas and renewables industry. In addition, the company rents tensioners, turntables, and reels. It serves oil and gas, offshore renewables, and civil engineering sectors. The company was formerly known as Oceanteam Shipping ASA and changed its name to Oceanteam ASA in December 2015. The company was founded in 2005 and is headquartered in Bergen, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 21:24 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/06/30 |
| 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.