Polarcus Limited, a marine geophysical service company, provides marine seismic data acquisition and processing services to oil and gas companies in the Asia Pacific, Europe, Africa, the Middle East, and North and South America.
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has Polarcus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLCS has not had significant price volatility in the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: PLCS exceeded the Norwegian Energy Services industry which returned -26.8% over the past year.
Return vs Market: PLCS underperformed the Norwegian Market which returned -1.2% over the past year.
Price Volatility Vs. Market
How volatile is Polarcus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StDid Polarcus Limited (OB:PLCS) Insiders Buy Up More Shares?
3 weeks ago | Simply Wall StDoes Polarcus Limited's (OB:PLCS) CEO Pay Reflect Performance?
1 month ago | Simply Wall StDid You Manage To Avoid Polarcus's (OB:PLCS) 98% Share Price Wipe Out?
Is Polarcus undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLCS (NOK1.08) is trading below our estimate of fair value (NOK6.37)
Significantly Below Fair Value: PLCS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLCS is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: PLCS 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 PLCS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PLCS is overvalued based on its PB Ratio (0.7x) compared to the NO Energy Services industry average (0.6x).
How is Polarcus forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLCS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).
Earnings vs Market: PLCS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PLCS's is expected to become profitable in the next 3 years.
Revenue vs Market: PLCS's revenue (1.4% per year) is forecast to grow slower than the Norwegian market (3.5% per year).
High Growth Revenue: PLCS's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLCS's Return on Equity is forecast to be high in 3 years time (24.4%)
How has Polarcus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLCS is currently unprofitable.
Growing Profit Margin: PLCS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PLCS is unprofitable, but has reduced losses over the past 5 years at a rate of 14.9% per year.
Accelerating Growth: Unable to compare PLCS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PLCS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-44.4%).
Return on Equity
High ROE: PLCS has a negative Return on Equity (-10.42%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Polarcus's financial position?
Financial Position Analysis
Short Term Liabilities: PLCS's short term assets ($115.1M) exceed its short term liabilities ($68.0M).
Long Term Liabilities: PLCS's short term assets ($115.1M) do not cover its long term liabilities ($325.4M).
Debt to Equity History and Analysis
Debt Level: PLCS's debt to equity ratio (386.8%) is considered high.
Reducing Debt: PLCS's debt to equity ratio has increased from 108.9% to 386.8% over the past 5 years.
Inventory Level: PLCS has a high level of physical assets or inventory.
Debt Coverage by Assets: PLCS's debt is not covered by short term assets (assets are 0.3x 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: Whilst unprofitable PLCS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLCS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -45.5% per year.
What is Polarcus's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PLCS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PLCS'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 PLCS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PLCS'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 PLCS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Duncan Eley (47yo)
Mr. Duncan Eley has been the Chief Executive Officer of Polarcus Limited since March 17, 2017. Mr. Eley served as the Chief Operating Officer of Polarcus Limited since May 1, 2013 until March 24, 2017. Mr ...
CEO Compensation Analysis
Compensation vs Market: Duncan's total compensation ($USD919.00K) is above average for companies of similar size in the Norwegian market ($USD407.06K).
Compensation vs Earnings: Duncan's compensation has increased whilst the company is unprofitable.
|Chief Executive Officer||2.9yrs||US$919.00k||0.20% $1.1m|
|Chief Financial Officer||3.9yrs||US$832.00k||0.098% $542.8k|
|Chief Operating Officer||0yrs||US$447.72k||0.029% $162.0k|
|General Counsel & Company Secretary||3.7yrs||no data||0.041% $226.4k|
|Vice President of Global Sales||0.6yrs||no data||no data|
|Senior Vice President of People & Business Services||3.7yrs||no data||0.041% $226.4k|
|Chief Geophysicist||0yrs||no data||no data|
|Vice President of Informantion Technology||11.8yrs||US$224.92k||no data|
|Vice President of Environment Health Safety & Quality||11.8yrs||US$260.42k||no data|
|Vice President of APAC||2.3yrs||no data||no data|
Experienced Management: PLCS's management team is considered experienced (3.7 years average tenure).
|Non-Executive Independent Director||6yrs||no data||0.00083% $4.6k|
|Director||2.9yrs||no data||0.026% $145.8k|
|Director||3.8yrs||no data||0.052% $288.7k|
|Founder & Director||3.8yrs||no data||6.8% $37.7m|
|Chairman||1.8yrs||no data||0.029% $162.0k|
|Director||3.8yrs||no data||2.32% $12.9m|
|Director||0.8yrs||no data||0.024% $135.0k|
Experienced Board: PLCS's board of directors are considered experienced (3.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.5%.
Polarcus Limited's company bio, employee growth, exchange listings and data sources
- Name: Polarcus Limited
- Ticker: PLCS
- Exchange: OB
- Founded: 2007
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr554.890m
- Shares outstanding: 513.79m
- Website: https://www.polarcus.com
Number of Employees
- Polarcus Limited
- Reef Tower
- Level 20
- United Arab Emirates
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLCS||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Apr 2009|
|PLCSO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Apr 2009|
|29P||MUN (Boerse Muenchen)||Yes||Ordinary Shares||DE||EUR||Apr 2009|
Polarcus Limited, a marine geophysical service company, provides marine seismic data acquisition and processing services to oil and gas companies in the Asia Pacific, Europe, Africa, the Middle East, and North and South America. It specializes in delivering towed streamer data acquisition and imaging services from pole to pole. The company provides services ranging from classic 3D/4D seismic, and wide and multi-azimuth projects; and 3D multi-client project library services. It operates a fleet of 7 3D vessels, including Polarcus Naila, Polarcus Asima, Polarcus Alima, Polarcus Adira, Vyacheslav Tikhonov, and Ivan Gubkin. Polarcus Limited was incorporated in 2007 and is headquartered in Dubai, the United Arab Emirates.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 21:47|
|End of Day Share Price||2020/02/19 00:00|
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.