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

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

-7.9%

OTS

-0.6%

NO Energy Services

-1.1%

NO Market


1 Year Return

-44.7%

OTS

-22.1%

NO Energy Services

-2.5%

NO Market

Return vs Industry: OTS underperformed the Norwegian Energy Services industry which returned -22.1% over the past year.

Return vs Market: OTS underperformed the Norwegian Market which returned -2.5% over the past year.


Shareholder returns

OTSIndustryMarket
7 Day-7.9%-0.6%-1.1%
30 Day-16.7%3.0%2.6%
90 Day-24.7%15.3%9.1%
1 Year-44.7%-44.7%-20.6%-22.1%2.7%-2.5%
3 Year-86.7%-86.7%7.4%-0.7%41.1%23.4%
5 Year-96.6%-96.6%-30.8%-52.3%57.0%21.2%

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?

36.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OTS (NOK0.21) is trading above our estimate of fair value (NOK0.02)

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 (36.9x) compared to the Energy Services industry average (16.9x).

PE vs Market: OTS is poor value based on its PE Ratio (36.9x) compared to the Norwegian market (13x).


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 (0.3x) compared to the NO Energy Services industry average (0.6x).


Next Steps

Future Growth

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

43.0%

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.


Next Steps

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 large one-off items impacting its financial results.

Growing Profit Margin: OTS's current net profit margins (2.3%) are higher than last year (-100.6%).


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 (14%).


Return on Equity

High ROE: OTS's Return on Equity (4.1%) is considered low.


Return on Assets


Return on Capital Employed


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.

Debt Coverage: OTS's debt is not well covered by operating cash flow (8%).

Interest Coverage: OTS's interest payments on its debt are not well covered by EBIT (1.1x coverage).


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).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%6.0%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

What is the CEO of Oceanteam's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Leidus Bosman (52yo)

1.1yrs

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

Compensation vs Market: Leidus's total compensation ($USD296.80K) is about average for companies of similar size in the Norwegian market ($USD338.45K).

Compensation vs Earnings: Insufficient data to compare Leidus's compensation with company performance.


Management Age and Tenure

1.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: OTS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.6yrs

Average Tenure

51yo

Average Age

Experienced Board: OTS's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

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%.


Management Team

  • Meindert van Genderen (55yo)

    • Tenure: 1.5yrs
    • Compensation: US$506.03k
  • Tsonka Rangelova

    Corporate Counsel & Secretary

    • Tenure: 3.9yrs
  • Diederik Legger (50yo)

    • Tenure: 1.1yrs
    • Compensation: US$147.67k
  • Marc Groenendijk

    Managing Director

    • Tenure: 0yrs
  • Jan Willem Bloois

    Director of Sales & Marketing

    • Tenure: 0yrs
  • Leidus Bosman (52yo)

    Chief Executive Officer

    • Tenure: 1.1yrs
    • Compensation: US$296.80k
  • Hendrik Hazenoot (58yo)

    Interim Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: US$245.17k

Board Members

  • Keesjan Cordia (45yo)

    Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: US$34.00k
  • Karin Govaert (51yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$26.00k
  • Jan-Hein Jesse (58yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$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: kr165.240m
  • Shares outstanding: 786.86m
  • Website: https://www.oceanteam.nl

Number of Employees


Location

  • Oceanteam ASA
  • Tveitaråsveien 12
  • Paradis
  • Bergen
  • Hordaland
  • 5232
  • 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 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 Analysis2019/11/15 20:56
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
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.