Sea1 Offshore Inc.

OB:SEA1 Stock Report

Market Cap: NOK 3.6b

Sea1 Offshore Valuation

Is SEA1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SEA1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SEA1 (NOK23.65) is trading below our estimate of fair value (NOK138.26)

Significantly Below Fair Value: SEA1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SEA1?

Key metric: As SEA1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SEA1. This is calculated by dividing SEA1's market cap by their current earnings.
What is SEA1's PE Ratio?
PE Ratio1.2x
EarningsUS$269.56m
Market CapUS$322.90m

Price to Earnings Ratio vs Peers

How does SEA1's PE Ratio compare to its peers?

The above table shows the PE ratio for SEA1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.2x
AKAST Akastor
2.6x-87.1%NOK 3.5b
BWO BW Offshore
3.7x-8.2%NOK 5.0b
AKSO Aker Solutions
12.1x4.5%NOK 14.6b
EIOF Eidesvik Offshore
6.3xn/aNOK 985.3m
SEA1 Sea1 Offshore
1.2x-42.6%NOK 3.6b

Price-To-Earnings vs Peers: SEA1 is good value based on its Price-To-Earnings Ratio (1.2x) compared to the peer average (6.2x).

Price to Earnings Ratio vs Industry

How does SEA1's PE Ratio compare vs other companies in the NO Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.7.4x29.4%
SEA1 Sea1 Offshore
 1.2x-42.6%US$322.90m
AWDR Awilco Drilling
0.3xn/aUS$48.43m
DWELLOP Dwellop
1.7xn/aUS$2.18m
No more companies available in this PE range
SEA1 1.2xIndustry Avg. 7.4xNo. of Companies4PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
Industry Avg.7.4x29.4%
SEA1 Sea1 Offshore
 1.2x-42.6%US$322.90m
No more companies

Price-To-Earnings vs Industry: SEA1 is good value based on its Price-To-Earnings Ratio (1.2x) compared to the Norwegian Energy Services industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is SEA1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SEA1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.2x
Fair PE Ratio3.7x

Price-To-Earnings vs Fair Ratio: SEA1 is good value based on its Price-To-Earnings Ratio (1.2x) compared to the estimated Fair Price-To-Earnings Ratio (3.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SEA1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 23.65
NOK 41.07
+73.7%
7.2%NOK 44.21NOK 37.09n/a3
Dec ’25NOK 28.85
NOK 41.07
+42.4%
7.2%NOK 44.21NOK 37.09n/a3
Nov ’25NOK 27.20
NOK 38.58
+41.8%
3.8%NOK 40.03NOK 37.13n/a2
Oct ’25NOK 28.65
NOK 41.13
+43.6%
2.7%NOK 42.23NOK 40.04n/a2
Sep ’25NOK 29.35
NOK 41.13
+40.2%
2.7%NOK 42.23NOK 40.04n/a2
Aug ’25NOK 30.70
NOK 43.60
+42.0%
3.5%NOK 45.13NOK 42.06n/a2
Jul ’25NOK 28.85
NOK 43.60
+51.1%
3.5%NOK 45.13NOK 42.06n/a2
Jun ’25NOK 33.05
NOK 43.60
+31.9%
3.5%NOK 45.13NOK 42.06n/a2
May ’25NOK 35.75
NOK 41.43
+15.9%
13.4%NOK 46.99NOK 35.87n/a2
Apr ’25NOK 34.50
NOK 37.16
+7.7%
5.0%NOK 39.00NOK 35.32n/a2
Mar ’25NOK 29.30
NOK 37.16
+26.8%
5.0%NOK 39.00NOK 35.32n/a2
Aug ’24NOK 21.60
NOK 28.27
+30.9%
1.1%NOK 28.58NOK 27.97NOK 30.702
Jul ’24NOK 23.95
NOK 28.27
+18.0%
1.1%NOK 28.58NOK 27.97NOK 28.852

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 15:00
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sea1 Offshore Inc. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
Morten LindbäckBeringer Finance AB
Salman AlamCarnegie Investment Bank AB