OB:SBX-ME

Stock Analysis Report

SeaBird Exploration

Executive Summary

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific.

Snowflake

Fundamentals

Exceptional growth potential with adequate balance sheet.

Risks

  • SeaBird Exploration is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has SeaBird Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

13.0%

OB:SBX-ME

-2.8%

NO Energy Services

-0.8%

NO Market


1 Year Return

n/a

OB:SBX-ME

-41.1%

NO Energy Services

-14.6%

NO Market

No trading data on SBX-ME.

No trading data on SBX-ME.


Share holder returns

SBX-MEIndustryMarket
7 Day13.0%-2.8%-0.8%
30 Dayn/a-13.0%-3.6%
90 Dayn/a-25.2%-7.5%
1 Yearn/a-39.9%-41.1%-9.7%-14.6%
3 Yearn/a-5.6%-12.1%38.2%19.9%
5 Yearn/a-52.5%-66.1%37.3%6.1%

Price Volatility Vs. Market

How volatile is SeaBird Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SeaBird Exploration undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SeaBird Exploration's share price is below the future cash flow value, and at a moderate discount (> 20%).

SeaBird Exploration's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

SeaBird Exploration is loss making, we can't compare its value to the NO Energy Services industry average.

SeaBird Exploration is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SeaBird Exploration, we can't assess if its growth is good value.


Price Based on Value of Assets

SeaBird Exploration is overvalued based on assets compared to the NO Energy Services industry average.


Next Steps

Future Growth

How is SeaBird Exploration expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

103.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SeaBird Exploration's revenue is expected to grow significantly at over 20% yearly.

SeaBird Exploration's earnings are expected to grow significantly at over 20% yearly.

SeaBird Exploration's revenue growth is expected to exceed the Norway market average.

SeaBird Exploration's earnings growth is expected to exceed the Norway market average.

SeaBird Exploration's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

SeaBird Exploration is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has SeaBird Exploration performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SeaBird Exploration does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare SeaBird Exploration's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare SeaBird Exploration's 1-year growth to the NO Energy Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if SeaBird Exploration has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if SeaBird Exploration has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if SeaBird Exploration improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is SeaBird Exploration's financial position?


Financial Position Analysis

SeaBird Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SeaBird Exploration's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SeaBird Exploration's level of debt (13.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (173.2% vs 13.8% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.4x 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.

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

SeaBird Exploration has less than a year of cash runway if free cash flow continues to grow at historical rates of 102% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate SeaBird Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SeaBird Exploration's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SeaBird Exploration has not reported any payouts.

Unable to verify if SeaBird Exploration's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SeaBird Exploration has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Hans Petter Klohs (51yo)

1.0yrs

Tenure

0

Mr. Hans Petter Amundsen Klohs has been Chief Executive Officer of SeaBird Exploration Plc since June 24, 2018. Mr. Klohs has been the Chief Executive Officer of Arrow Seismic since October 2005 and GC Rie ...


Management Age and Tenure

1.0yrs

Average Tenure

The average tenure for the SeaBird Exploration management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

The average tenure for the SeaBird Exploration board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Øyvind Aasbø (68yo)

    Chief Observer

    • Tenure: 0.0yrs
  • Adam Montanios

    Secretary

    • Tenure: 0.0yrs
  • Hans Petter Klohs (51yo)

    Chief Executive Officer

    • Tenure: 1.0yrs
  • Per Nils Haugestad

    Chief Financial Officer

    • Tenure: 0.0yrs
  • Anil Duhirani

    Chief Accountant

    • Tenure: 0.0yrs
  • Finn Hamre

    Chief Operating Officer

    • Tenure: 1.0yrs
  • Gunnar Jansen

    Chief Commercial Officer & Chief Legal Officer

    • Tenure: 0.8yrs

Board Members

  • Olav Haugland (52yo)

    Director

    • Tenure: 0.8yrs
  • Per Nils Haugestad

    Chief Financial Officer

    • Tenure: 0.0yrs
  • Heidar Engebret

    Chairman of the Board

    • Tenure: 1.0yrs
  • Dag Arnesen

    Director

    • Tenure: 1.0yrs
  • Ketil Nereng

    Director

    • Tenure: 1.0yrs

Company Information

SeaBird Exploration Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SeaBird Exploration Plc
  • Ticker: SBX-ME
  • Exchange: OB
  • Founded: 2000
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr586.035m
  • Shares outstanding: 515.88m
  • Website: https://www.sbexp.com

Number of Employees


Location

  • SeaBird Exploration Plc
  • Omega court
  • Office G
  • Limassol
  • 3095
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBXOB (Oslo Bors)YesOrdinary SharesNONOKApr 2006
E36DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2006
0MO8LSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2006
SBXOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 2006
SBX-MEOB (Oslo Bors)USD0.01 (TEMP PLA)NONOKMay 2019

Biography

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/24 22:49
End of Day Share Price2019/06/21 00:00
Earnings2019/03/31
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.