Executive Summary
Siem Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
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
Stable Share Price: SIOFF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.4%
SIOFF
-6.5%
NO Energy Services
-4.6%
NO Market
1 Year Return
-42.5%
SIOFF
-55.7%
NO Energy Services
-12.6%
NO Market
Return vs Industry: SIOFF exceeded the Norwegian Energy Services industry which returned -55.9% over the past year.
Return vs Market: SIOFF underperformed the Norwegian Market which returned -12.3% over the past year.
Shareholder returns
| SIOFF | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.4% | -6.5% | -4.6% |
| 30 Day | -14.7% | -0.5% | -2.1% |
| 90 Day | -21.2% | -13.6% | -2.0% |
| 1 Year | -42.5%-42.5% | -53.9%-55.7% | -9.7%-12.6% |
| 3 Year | -61.2%-61.2% | -70.7%-72.6% | -0.5%-11.8% |
| 5 Year | -59.3%-59.3% | -45.1%-63.0% | 35.8%8.7% |
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 week ago | Simply Wall St
We Think Siem Offshore (OB:SIOFF) Is Taking Some Risk With Its Debt1 month ago | Simply Wall St
A Look At Siem Offshore's (OB:SIOFF) CEO Remuneration2 months ago | Simply Wall St
Is Siem Offshore (OB:SIOFF) Headed For Trouble?Valuation
Is Siem Offshore undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SIOFF (NOK0.73) is trading below our estimate of fair value (NOK18.75)
Significantly Below Fair Value: SIOFF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SIOFF is unprofitable, so we can't compare its PE Ratio to the XE 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 overvalued based on its PB Ratio (0.9x) compared to the NO Energy Services industry average (0.3x).
Next Steps
Future Growth
How is Siem Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
76.5%
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?
-1.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SIOFF is currently unprofitable.
Growing Profit Margin: SIOFF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SIOFF is unprofitable, and losses have increased over the past 5 years at a rate of 1.6% 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 (-41.5%).
Return on Equity
High ROE: SIOFF has a negative Return on Equity (-733.36%), as it is currently unprofitable.
Next Steps
Financial Health
How is Siem Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: SIOFF's short term assets ($132.5M) do not cover its short term liabilities ($271.4M).
Long Term Liabilities: SIOFF's short term assets ($132.5M) do not cover its long term liabilities ($885.8M).
Debt to Equity History and Analysis
Debt Level: SIOFF's debt to equity ratio (2083.9%) is considered high.
Reducing Debt: SIOFF's debt to equity ratio has increased from 164.1% to 2083.9% over the past 5 years.
Balance Sheet
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 51.9% per year.
Next Steps
Dividend
What is Siem Offshore current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SIOFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SIOFF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
Bernt Omdal (54 yo)
3.42yrs
Tenure
US$476,100
Compensation
Mr. Bernt Omdal has been Chief Executive Officer of Siem Offshore Inc. since May 15, 2017. Mr. Omdal served as Chief Commercial Officer and Chartering Director at Siem Offshore Inc. until May 15, 2017. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Bernt's total compensation ($USD476.10K) is about average for companies of similar size in the Norwegian market ($USD376.73K).
Compensation vs Earnings: Bernt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.42yrs | US$476.10k | no data | |
| Chief Financial Officer | 11.75yrs | US$480.80k | 0.0011% $ 7.3k | |
| Chief Operating Officer | 3.42yrs | US$326.00k | no data | |
| Global HR Director | 8.42yrs | US$348.40k | no data | |
| Chartering Director | no data | US$316.70k | no data | |
| Managing Director of Australia | no data | no data | no data | |
| Chief Executive Officer of Siem Consub SA | 18.75yrs | no data | no data | |
| Corporate Secretary of Brazil | no data | no data | no data | |
| Corporate Secretary of Norway | no data | no data | no data | |
| General Manager | no data | no data | no data |
8.4yrs
Average Tenure
54yo
Average Age
Experienced Management: SIOFF's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 0.75yr | no data | no data | |
| Independent Director | 8.42yrs | no data | no data | |
| Chairman of the Board | 1.17yrs | no data | no data | |
| Director | 4.42yrs | no data | no data |
2.8yrs
Average Tenure
70yo
Average Age
Experienced Board: SIOFF's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: kr677.686m
- Shares outstanding: 934.74m
- Website: https://www.siemoffshore.com
Number of Employees
Location
- Siem Offshore Inc.
- Nodeviga 14
- Kristiansand
- Vest-Agder
- 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 |
| 0I21 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | 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 | 2020/10/27 22:10 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.