Executive Summary
Siem Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry.
Snowflake
Fundamentals
Imperfect balance sheet and overvalued.
Similar Companies
Share Price & News
How has Siem Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
SIOFF
3.4%
NO Energy Services
1.6%
NO Market
1 Year Return
-42.8%
SIOFF
-25.8%
NO Energy Services
-4.1%
NO Market
Return vs Industry: SIOFF underperformed the Norwegian Energy Services industry which returned -25.8% over the past year.
Return vs Market: SIOFF underperformed the Norwegian Market which returned -4.1% over the past year.
Shareholder returns
| SIOFF | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.4% | 1.6% |
| 30 Day | -20.2% | -2.7% | -1.8% |
| 90 Day | -29.0% | -4.9% | 1.8% |
| 1 Year | -42.8%-42.8% | -24.6%-25.8% | 0.9%-4.1% |
| 3 Year | -43.4%-43.4% | 1.5%-5.5% | 40.1%21.8% |
| 5 Year | -80.9%-80.9% | -30.2%-51.9% | 59.6%22.9% |
Price Volatility Vs. Market
How volatile is Siem Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does Siem Offshore (OB:SIOFF) Have A Healthy Balance Sheet?4 months ago | Simply Wall St
Did You Manage To Avoid Siem Offshore's (OB:SIOFF) Devastating 83% Share Price Drop?4 months ago | Simply Wall St
Investors Who Bought Siem Offshore (OB:SIOFF) Shares Five Years Ago Are Now Down 83%Valuation
Is Siem Offshore undervalued compared to its fair value and its price relative to the market?
0.26x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SIOFF's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SIOFF's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SIOFF is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: SIOFF 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 SIOFF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SIOFF 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 Siem Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
41.4%
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 Siem Offshore 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
- Take a look at our analysis of SIOFF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Siem Offshore competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Siem Offshore performed over the past 5 years?
-24.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SIOFF is unprofitable, and losses have increased over the past 5 years at a rate of -24.4% per year.
Accelerating Growth: Unable to compare SIOFF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SIOFF is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5%).
Return on Equity
High ROE: SIOFF has a negative Return on Equity (-25.49%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: SIOFF is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: SIOFF is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Siem Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: SIOFF's short term assets ($198.4M) do not cover its short term liabilities ($202.0M)
Long Term Liabilities: SIOFF's short term assets (198.4M) do not cover its long term liabilities (1.1B)
Debt to Equity History and Analysis
Debt Level: SIOFF's debt to equity ratio (252.8%) is considered high
Reducing Debt: SIOFF's debt to equity ratio has increased from 148.8% to 252.8% over the past 5 years.
Balance Sheet
Inventory Level: SIOFF has a high level of physical assets or inventory.
Debt Coverage by Assets: SIOFF'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 SIOFF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SIOFF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 110.4% per year.
Next Steps
Dividend
What is Siem Offshore's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SIOFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SIOFF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if SIOFF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SIOFF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SIOFF is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SIOFF'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 Siem Offshore's salary, the management and board of directors tenure and is there insider trading?
7.4yrs
Average management tenure
CEO
Bernt Omdal (53yo)
2.4yrs
Tenure
US$513,000
Compensation
Mr. Bernt Omdal has been Chief Executive Officer of Siem Offshore Inc. since May 15, 2017. Mr. Omdal served as Chief Commercial Officer and Chartering Director at Siem Offshore Inc. until May 15, 2017. Mr. ...
CEO Compensation Analysis
Compensation vs. Market: Bernt has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Norwegian market.
Compensation vs Earnings: Bernt's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
7.4yrs
Average Tenure
53yo
Average Age
Experienced Management: SIOFF's management team is seasoned and experienced (7.4 years average tenure).
Board Age and Tenure
5.4yrs
Average Tenure
69yo
Average Age
Experienced Board: SIOFF's board of directors are considered experienced (5.4 years average tenure).
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
Management Team
Rachid Felix (66yo)
Chief Executive Officer of Siem Consub SA
- Tenure: 17.8yrs
Monica Ribeiro
Corporate Secretary of Brazil
- Tenure: 0yrs
Gro Wickstrøm
Corporate Secretary of Norway
- Tenure: 0yrs
Dagfinn Lie (47yo)
Chief Financial Officer
- Tenure: 10.8yrs
- Compensation: US$418.60k
Bernt Omdal (53yo)
Chief Executive Officer
- Tenure: 2.4yrs
- Compensation: US$513.00k
Lars Muck
General Manager
- Tenure: 0yrs
Peter Bengtsson
Managing Director of Australia
- Tenure: 0yrs
Tore Johannessen (64yo)
Global HR Director
- Tenure: 7.4yrs
- Compensation: US$323.70k
Tore Lillesto (45yo)
Chief Operating Officer
- Tenure: 2.4yrs
- Compensation: US$338.50k
Andreas Hageli
Chartering Director
- Tenure: 0yrs
Board Members
John Wallace (81yo)
Director
- Tenure: 7.4yrs
Kristian Siem (70yo)
Chairman of the Board
- Tenure: 0.2yrs
Michael Delouche (62yo)
Director
- Tenure: 14.8yrs
Alex Monnas (68yo)
Director
- Tenure: 3.4yrs
Company Information
Siem Offshore Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Siem Offshore Inc.
- Ticker: SIOFF
- Exchange: OB
- Founded: 2005
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr970.282m
- Shares outstanding: 942.02m
- Website: https://www.siemoffshore.com
Number of Employees
Location
- Siem Offshore Inc.
- Nodeviga 14
- Kristiansand
- 4610
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SIOFF | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Aug 2005 |
| S5H | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Aug 2005 |
| SIOFFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Aug 2005 |
Biography
Siem Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. It operates platform supply vessels (PSVs); offshore subsea construc ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 20:49 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.