Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide.
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Prosafe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRS's share price has been volatile over the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: PRS underperformed the Norwegian Energy Services industry which returned -25.9% over the past year.
Return vs Market: PRS underperformed the Norwegian Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Prosafe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StRead This Before Selling Prosafe SE (OB:PRS) Shares
1 month ago | Simply Wall StWhat Kind Of Shareholder Appears On The Prosafe SE's (OB:PRS) Shareholder Register?
2 months ago | Simply Wall StAn Intrinsic Calculation For Prosafe SE (OB:PRS) Suggests It's 25% Undervalued
Is Prosafe 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: PRS (NOK2.24) is trading below our estimate of fair value (NOK28.66)
Significantly Below Fair Value: PRS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRS is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: PRS 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 PRS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRS is overvalued based on its PB Ratio (8.9x) compared to the NO Energy Services industry average (0.6x).
How is Prosafe forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PRS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PRS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PRS's revenue (0.8% per year) is forecast to grow slower than the Norwegian market (3.2% per year).
High Growth Revenue: PRS's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PRS's Return on Equity is forecast to be high in 3 years time
How has Prosafe performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRS is currently unprofitable.
Growing Profit Margin: PRS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PRS is unprofitable, and losses have increased over the past 5 years at a rate of -47% per year.
Accelerating Growth: Unable to compare PRS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PRS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-44.4%).
Return on Equity
High ROE: PRS has a negative Return on Equity (-16662.5%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Prosafe's financial position?
Financial Position Analysis
Short Term Liabilities: PRS's short term assets ($213.0M) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: PRS's short term assets ($213.0M) exceed its long term liabilities ($106.6M).
Debt to Equity History and Analysis
Debt Level: PRS's debt to equity ratio (58245.8%) is considered high.
Reducing Debt: PRS's debt to equity ratio has increased from 116.5% to 58245.8% over the past 5 years.
Inventory Level: PRS has a high level of physical assets or inventory.
Debt Coverage by Assets: PRS's debt is not covered by short term assets (assets are 0.2x 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 PRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.4% per year.
What is Prosafe's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PRS'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 PRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PRS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PRS is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PRS'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
Jesper Andresen (45yo)
Mr. Jesper Kragh Andresen has been the Chief Executive Officer at Prosafe SE since February 08, 2017. Mr. Andresen has been the Chief Executive Officer of Axis Offshore Pte. Ltd. since 2012. Mr. Andresen h ...
CEO Compensation Analysis
Compensation vs Market: Jesper's total compensation ($USD905.00K) is above average for companies of similar size in the Norwegian market ($USD384.16K).
Compensation vs Earnings: Jesper's compensation has increased whilst the company is unprofitable.
|Chief Executive Officer||3yrs||US$905.00k||0.10% $188.6k|
|Deputy CEO & CFO||4.5yrs||US$775.00k||0.066% $121.1k|
|Chief Commercial Officer||0yrs||US$562.00k||0.055% $101.5k|
|Senior Manager of Finance & Investor Relations||6.7yrs||no data||no data|
|Secretary||0yrs||no data||no data|
Experienced Management: PRS's management team is considered experienced (4.5 years average tenure).
|Non-Executive Director||2.8yrs||US$107.00k||0.0037% $6.7k|
|Non-Executive Director||2.8yrs||US$96.00k||no data|
|Non-Executive Director||3.2yrs||US$96.00k||no data|
|Non-Executive Chairman||3.8yrs||US$144.00k||no data|
|Non-Executive Director||0.8yrs||no data||no data|
Experienced Board: PRS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Prosafe SE's company bio, employee growth, exchange listings and data sources
- Name: Prosafe SE
- Ticker: PRS
- Exchange: OB
- Founded: 1972
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr183.662m
- Shares outstanding: 81.86m
- Website: https://www.prosafe.com
Number of Employees
- Prosafe SE
- Forusparken 2
- PO Box 39 Forus
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PRS||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Apr 1997|
|1Q6||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 1997|
|PRSE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Apr 1997|
|PRSO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Apr 1997|
|PRSE.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Oct 2008|
Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. Its accommodation vessels are used for accommodation, engineering, construction, or storage capacity offshore. The company is also involved in the maintenance and modification of installations on fields in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning activities. It owns and operates a fleet of nine vessels consisting of eight semi-submersible accommodation vessels and one tender support vessel. The company primarily serves oil and gas operating companies. Prosafe SE was founded in 1972 and is based in Stavanger, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 21:40|
|End of Day Share Price||2020/02/21 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.