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OTS

Oceanteam OB:OTS Stock Report

Last Price

kr2.70

Market Cap

kr92.4m

7D

-9.7%

1Y

-6.6%

Updated

07 Aug, 2022

Data

Company Financials
OTS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

OTS Stock Overview

Oceanteam ASA operates as a subsea and offshore services company in Europe.

Oceanteam Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Oceanteam
Historical stock prices
Current Share Pricekr2.70
52 Week Highkr5.68
52 Week Lowkr1.94
Beta1.54
1 Month Change-18.92%
3 Month Change32.35%
1 Year Change-6.57%
3 Year Change-63.08%
5 Year Change-96.05%
Change since IPO-99.97%

Recent News & Updates

May 24
Would Oceanteam (OB:OTS) Be Better Off With Less Debt?

Would Oceanteam (OB:OTS) Be Better Off With Less Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Apr 21
Oceanteam (OB:OTS) Has Debt But No Earnings; Should You Worry?

Oceanteam (OB:OTS) Has Debt But No Earnings; Should You Worry?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

OTSNO Energy ServicesNO Market
7D-9.7%2.0%-1.1%
1Y-6.6%50.8%9.2%

Return vs Industry: OTS underperformed the Norwegian Energy Services industry which returned 50.8% over the past year.

Return vs Market: OTS underperformed the Norwegian Market which returned 9.2% over the past year.

Price Volatility

Is OTS's price volatile compared to industry and market?
OTS volatility
OTS Average Weekly Movement35.7%
Energy Services Industry Average Movement8.9%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.6%
10% least volatile stocks in NO Market3.8%

Stable Share Price: OTS is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 36% a week.

Volatility Over Time: OTS's weekly volatility has increased from 19% to 36% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20059Hans Reinigerthttps://www.oceanteam.nl

Oceanteam ASA operates as a subsea and offshore services company in Europe. It provides equipment for offshore cable laying, umbilical installations, handling of subsea cables, and on- and offshore storage and transport. The company also rents turntables, tensioners, reels, demountable carousels, and other cable handling equipment.

Oceanteam Fundamentals Summary

How do Oceanteam's earnings and revenue compare to its market cap?
OTS fundamental statistics
Market CapUS$9.39m
Earnings (TTM)-US$752.00k
Revenue (TTM)US$5.75m

1.6x

P/S Ratio

-12.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OTS income statement (TTM)
RevenueUS$5.75m
Cost of RevenueUS$2.74m
Gross ProfitUS$3.01m
Other ExpensesUS$3.76m
Earnings-US$752.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)-0.022
Gross Margin52.29%
Net Profit Margin-13.09%
Debt/Equity Ratio22.9%

How did OTS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

OTS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA305.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does OTS's PS Ratio compare to its peers?

OTS PS Ratio vs Peers
The above table shows the PS ratio for OTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
EMGS Electromagnetic Geoservices
0.8xn/akr259.6m
GEG SeaBird Exploration
1.1x28.2%kr261.7m
JACK Jacktel
1xn/akr176.5m
PSE Petrolia
0.7xn/akr331.1m
OTS Oceanteam
1.6xn/akr92.4m

Price-To-Sales vs Peers: OTS is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: OTS is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Norwegian Energy Services industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is OTS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate OTS's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of OTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OTS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OTS's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Oceanteam forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.0%

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.


Discover growth companies

  • 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.

Past Performance

How has Oceanteam performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OTS is currently unprofitable.

Growing Profit Margin: OTS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OTS is unprofitable, but has reduced losses over the past 5 years at a rate of 1.6% per year.

Accelerating Growth: Unable to compare OTS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OTS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-45.5%).


Return on Equity

High ROE: OTS has a negative Return on Equity (-11.82%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Oceanteam's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: OTS's short term assets ($5.4M) exceed its short term liabilities ($2.4M).

Long Term Liabilities: OTS's short term assets ($5.4M) exceed its long term liabilities ($3.0M).


Debt to Equity History and Analysis

Debt Level: OTS's net debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: OTS's debt to equity ratio has reduced from 215.4% to 22.9% over the past 5 years.


Balance Sheet


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 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.5% each year


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Dividend

What is Oceanteam current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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 recent payouts.

High Dividend: Unable to evaluate OTS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OTS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

Hans Reinigert

0.75

Tenure

US$10,000

Compensation

Hans Reimer Reinigert has been Chief Executive Officer at Oceanteam ASA since November 1, 2021 and was its Director since September 23, 2020 until November 1, 2021. Hans Reimer Reinigert was Founder and Ma...


Board Members

Experienced Board: OTS's board of directors are considered experienced (4.1 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Oceanteam ASA's 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
  • Implied Market Cap: kr92.370m
  • Shares outstanding: 34.21m
  • Website: https://www.oceanteam.nl

Number of Employees


Location

  • Oceanteam ASA
  • Strandveien 15
  • Lysaker
  • Bærum
  • Akershus
  • 1366
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.