OB:OTS

Stock Analysis Report

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Executive Summary

Oceanteam ASA operates as an offshore shipping company in Mexico, Latin America, West Africa, and the Asia-Pacific. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.4%

OTS

-6.3%

NO Energy Services

-2.3%

NO Market


1 Year Return

-44.5%

OTS

-53.6%

NO Energy Services

-7.7%

NO Market

Return vs Industry: OTS exceeded the Norwegian Energy Services industry which returned -53.3% over the past year.

Return vs Market: OTS underperformed the Norwegian Market which returned -11.6% over the past year.


Shareholder returns

OTSIndustryMarket
7 Day6.4%-6.3%-2.3%
30 Day4.9%2.6%0.8%
90 Day6.0%-9.6%1.6%
1 Year-44.5%-44.5%-51.7%-53.6%-4.5%-7.7%
3 Year-94.0%-94.0%-68.9%-70.9%-0.04%-11.3%
5 Year-97.4%-97.4%-42.1%-61.7%42.1%13.2%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OTS (NOK3) is trading below our estimate of fair value (NOK16.66)

Significantly Below Fair Value: OTS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OTS is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

PE vs Market: OTS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


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 (0.3x).


Next Steps

Future Growth

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

75.7%

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

Past Performance

How has Oceanteam performed over the past 5 years?

28.3%

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 28.3% 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 (-28.6%).


Return on Equity

High ROE: OTS has a negative Return on Equity (-3.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Oceanteam's financial position?


Financial Position Analysis

Short Term Liabilities: OTS's short term assets ($12.2M) do not cover its short term liabilities ($28.8M).

Long Term Liabilities: OTS's short term assets ($12.2M) exceed its long term liabilities ($3.5M).


Debt to Equity History and Analysis

Debt Level: OTS's debt to equity ratio (28.7%) is considered satisfactory.

Reducing Debt: OTS's debt to equity ratio has reduced from 100.3% to 28.7% 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: Whilst unprofitable OTS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OTS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.2% per year.


Next Steps

Dividend

What is Oceanteam 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 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.


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?

2.0yrs

Average management tenure


CEO

Henk van den IJssel (58 yo)

0.67

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

NamePositionTenureCompensationOwnership
Hendrik Hazenoot
Interim Chief Financial Officer2.17yrsUS$118.00kno data
Hendrik Hoeve
Interim Chief Executive Officer of Solutions1.5yrsUS$165.00kno data
Diederik Legger
2yrsUS$48.00kno data
Henk van den IJssel
Chief Executive Officer0.67yrno datano data
Marc Groenendijk
Managing Directorno datano datano data
Jan Willem Bloois
Director of Sales & Marketingno datano datano data
Meindert van Genderen
2.42yrsUS$506.03kno data

2.0yrs

Average Tenure

57yo

Average Age

Experienced Management: OTS's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kornelis Cordia
Chairman of the Board2.5yrsUS$45.00kno data
Karin Antoinette Govaert
Director2.5yrsUS$38.00kno data
Hans Reinigert
Director0.083yrno datano data

2.5yrs

Average Tenure

Experienced Board: OTS's board of directors are not considered experienced ( 2.5 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 not been meaningfully diluted in the past year.


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: kr96.818m
  • Shares outstanding: 34.21m
  • Website: https://www.oceanteam.nl

Number of Employees


Location

  • Oceanteam ASA
  • STRANDVEIEN 15
  • Lysaker
  • Bergen
  • Hordaland
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
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 Mexico, Latin America, West Africa, and the Asia-Pacific. It operates through Oceanteam Shipping and Oceanteam Solutions segments. The company owns ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 20:55
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.