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Sea1 Offshore OB:SEA1 Stock Report

Last Price

NOK 24.35

Market Cap

NOK 3.7b

7D

0.8%

1Y

-11.8%

Updated

27 Dec, 2024

Data

Company Financials +

Sea1 Offshore Inc.

OB:SEA1 Stock Report

Market Cap: NOK 3.7b

SEA1 Stock Overview

Owns and operates offshore support vessels for the offshore energy service industry and offshore renewables market. More details

SEA1 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 82.5% below our estimate of its fair value

Earnings grew by 296.1% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 68.7%

Risk Analysis

Earnings are forecast to decline by an average of 42.6% per year for the next 3 years

Has a high level of debt

Large one-off items impacting financial results

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

Sea1 Offshore Inc. Competitors

Akastor

OB:AKAST

NOK 3.6b

BW Offshore

OB:BWO

NOK 5.1b

Aker Solutions

OB:AKSO

NOK 14.8b

Eidesvik Offshore

OB:EIOF

NOK 963.4m

Price History & Performance

Summary of share price highs, lows and changes for Sea1 Offshore
Historical stock prices
Current Share PriceNOK 24.35
52 Week HighNOK 37.95
52 Week LowNOK 23.15
Beta1.04
1 Month Change-13.04%
3 Month Change-10.81%
1 Year Change-11.78%
3 Year Change616.18%
5 Year Change-80.04%
Change since IPO-93.85%

Recent News & Updates

Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

Dec 18
Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

Shareholders In Sea1 Offshore (OB:SEA1) Should Look Beyond Earnings For The Full Story

Nov 07
Shareholders In Sea1 Offshore (OB:SEA1) Should Look Beyond Earnings For The Full Story

There Is A Reason Sea1 Offshore Inc.'s (OB:SEA1) Price Is Undemanding

Aug 22
There Is A Reason Sea1 Offshore Inc.'s (OB:SEA1) Price Is Undemanding

Recent updates

Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

Dec 18
Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

Shareholders In Sea1 Offshore (OB:SEA1) Should Look Beyond Earnings For The Full Story

Nov 07
Shareholders In Sea1 Offshore (OB:SEA1) Should Look Beyond Earnings For The Full Story

There Is A Reason Sea1 Offshore Inc.'s (OB:SEA1) Price Is Undemanding

Aug 22
There Is A Reason Sea1 Offshore Inc.'s (OB:SEA1) Price Is Undemanding

If EPS Growth Is Important To You, Sea1 Offshore (OB:SEA1) Presents An Opportunity

Aug 06
If EPS Growth Is Important To You, Sea1 Offshore (OB:SEA1) Presents An Opportunity

Benign Growth For Sea1 Offshore Inc. (OB:SEA1) Underpins Its Share Price

May 22
Benign Growth For Sea1 Offshore Inc. (OB:SEA1) Underpins Its Share Price

With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case

Apr 20
With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case

Siem Offshore (OB:SIOFF) Has A Pretty Healthy Balance Sheet

Mar 24
Siem Offshore (OB:SIOFF) Has A Pretty Healthy Balance Sheet

Is Siem Offshore (OB:SIOFF) Using Too Much Debt?

Dec 15
Is Siem Offshore (OB:SIOFF) Using Too Much Debt?

Returns At Siem Offshore (OB:SIOFF) Are On The Way Up

Nov 25
Returns At Siem Offshore (OB:SIOFF) Are On The Way Up

With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case

Sep 21
With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case

Siem Offshore (OB:SIOFF) Seems To Use Debt Quite Sensibly

Aug 30
Siem Offshore (OB:SIOFF) Seems To Use Debt Quite Sensibly

Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher

Jul 11
Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher

Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger

Apr 01
Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger

We Think Siem Offshore (OB:SIOFF) Is Taking Some Risk With Its Debt

Feb 25
We Think Siem Offshore (OB:SIOFF) Is Taking Some Risk With Its Debt

Investors Will Want Siem Offshore's (OB:SIOFF) Growth In ROCE To Persist

Dec 10
Investors Will Want Siem Offshore's (OB:SIOFF) Growth In ROCE To Persist

Improved Earnings Required Before Siem Offshore Inc. (OB:SIOFF) Stock's 33% Jump Looks Justified

Oct 29
Improved Earnings Required Before Siem Offshore Inc. (OB:SIOFF) Stock's 33% Jump Looks Justified

Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden

Sep 21
Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden

Is Siem Offshore (OB:SIOFF) A Risky Investment?

Jun 04
Is Siem Offshore (OB:SIOFF) A Risky Investment?

Siem Offshore (OB:SIOFF) Is Experiencing Growth In Returns On Capital

May 06
Siem Offshore (OB:SIOFF) Is Experiencing Growth In Returns On Capital

Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden

Mar 02
Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden

Returns On Capital Are Showing Encouraging Signs At Siem Offshore (OB:SIOFF)

Jan 06
Returns On Capital Are Showing Encouraging Signs At Siem Offshore (OB:SIOFF)

Is Siem Offshore (OB:SIOFF) Using Too Much Debt?

Nov 05
Is Siem Offshore (OB:SIOFF) Using Too Much Debt?

Siem Offshore's (OB:SIOFF) Robust Earnings Might Be Weaker Than You Think

Sep 02
Siem Offshore's (OB:SIOFF) Robust Earnings Might Be Weaker Than You Think

Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger

Sep 01
Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger

Auditors Are Concerned About Siem Offshore (OB:SIOFF)

Apr 29
Auditors Are Concerned About Siem Offshore (OB:SIOFF)

Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher

Mar 30
Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher

Siem Offshore's (OB:SIOFF) Shareholders Are Down 73% On Their Shares

Feb 23
Siem Offshore's (OB:SIOFF) Shareholders Are Down 73% On Their Shares

Siem Offshore (OB:SIOFF) Takes On Some Risk With Its Use Of Debt

Jan 19
Siem Offshore (OB:SIOFF) Takes On Some Risk With Its Use Of Debt

What These Trends Mean At Siem Offshore (OB:SIOFF)

Dec 15
What These Trends Mean At Siem Offshore (OB:SIOFF)

Shareholder Returns

SEA1NO Energy ServicesNO Market
7D0.8%0.7%0.4%
1Y-11.8%-4.7%-0.6%

Return vs Industry: SEA1 underperformed the Norwegian Energy Services industry which returned -4.7% over the past year.

Return vs Market: SEA1 underperformed the Norwegian Market which returned -0.6% over the past year.

Price Volatility

Is SEA1's price volatile compared to industry and market?
SEA1 volatility
SEA1 Average Weekly Movement5.4%
Energy Services Industry Average Movement5.2%
Market Average Movement5.0%
10% most volatile stocks in NO Market11.1%
10% least volatile stocks in NO Market2.7%

Stable Share Price: SEA1 has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: SEA1's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,236Bernt Omdalwww.sea1offshore.com

Sea1 Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry and offshore renewables market. It operates platform supply vessels; anchor-handling tug supply vessels; subsea vessels; fast crew and oil spill recovery vessels, and other segments. The company has a fleet of 26 vessels, which includes six platform supply vessels, four offshore subsea construction vessels, two well-intervention vessels, one scientific core drilling vessel, nine anchor handling tug supply vessels, and four fast crew and oil spill recovery vessels.

Sea1 Offshore Inc. Fundamentals Summary

How do Sea1 Offshore's earnings and revenue compare to its market cap?
SEA1 fundamental statistics
Market capNOK 3.74b
Earnings (TTM)NOK 3.06b
Revenue (TTM)NOK 4.05b

1.2x

P/E Ratio

0.9x

P/S Ratio

Is SEA1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SEA1 income statement (TTM)
RevenueUS$357.54m
Cost of RevenueUS$175.41m
Gross ProfitUS$182.13m
Other Expenses-US$87.44m
EarningsUS$269.56m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.76
Gross Margin50.94%
Net Profit Margin75.39%
Debt/Equity Ratio88.3%

How did SEA1 perform over the long term?

See historical performance and comparison

Dividends

20.3%

Current Dividend Yield

40%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 18:03
End of Day Share Price 2024/12/27 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