SOFF Stock Overview
Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide.
Solstad Offshore Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr26.25|
|52 Week High||kr49.50|
|52 Week Low||kr4.46|
|1 Month Change||-29.05%|
|3 Month Change||55.33%|
|1 Year Change||362.96%|
|3 Year Change||-98.31%|
|5 Year Change||-99.73%|
|Change since IPO||-99.94%|
Recent News & Updates
Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|SOFF||NO Energy Services||NO Market|
Return vs Industry: SOFF exceeded the Norwegian Energy Services industry which returned 23.2% over the past year.
Return vs Market: SOFF exceeded the Norwegian Market which returned 3.2% over the past year.
|SOFF Average Weekly Movement||18.2%|
|Energy Services Industry Average Movement||10.0%|
|Market Average Movement||7.2%|
|10% most volatile stocks in NO Market||12.7%|
|10% least volatile stocks in NO Market||4.0%|
Stable Share Price: SOFF is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: SOFF's weekly volatility has increased from 13% to 18% over the past year.
About the Company
Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. It provides platform supply vessel, anchor handling vessel, subsea construction, and renewable energy services. The company offers subsea construction and renewable energy services, such as geotechnical work, walk to work services, grouting, SURF operations, deep sea mining, cable laying and repair, trenching and burial, ROV support, installation of subsea equipment, survey work, IMR operations, node seismic operations, and diving and topside maintenance work.
Solstad Offshore Fundamentals Summary
|SOFF fundamental statistics|
Is SOFF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOFF income statement (TTM)|
|Cost of Revenue||kr2.45b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 18, 2022
|Earnings per share (EPS)||-13.29|
|Net Profit Margin||-20.40%|
How did SOFF perform over the long term?See historical performance and comparison
Is SOFF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SOFF?
Other financial metrics that can be useful for relative valuation.
|What is SOFF's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SOFF's PS Ratio compare to its peers?
|SOFF PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
SIOFF Siem Offshore
MSEIS Magseis Fairfield
SDSD S.D. Standard ETC
SOFF Solstad Offshore
Price-To-Sales vs Peers: SOFF is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.9x).
Price to Earnings Ratio vs Industry
How does SOFF's PE Ratio compare vs other companies in the NO Energy Services Industry?
Price-To-Sales vs Industry: SOFF is good value based on its Price-To-Sales Ratio (0.4x) compared to the Norwegian Energy Services industry average (1x)
Price to Sales Ratio vs Fair Ratio
What is SOFF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.4x|
|Fair PS Ratio||n/a|
Price-To-Sales vs Fair Ratio: Insufficient data to calculate SOFF's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SOFF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SOFF (NOK26.25) is trading below our estimate of fair value (NOK188.56)
Significantly Below Fair Value: SOFF is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOFF's PEG Ratio to determine if it is good value.
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How is Solstad Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Solstad 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.
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- Examine whether Solstad Offshore is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Solstad Offshore competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Solstad Offshore performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOFF is currently unprofitable.
Growing Profit Margin: SOFF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SOFF is unprofitable, but has reduced losses over the past 5 years at a rate of 32.2% per year.
Accelerating Growth: Unable to compare SOFF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SOFF is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-45.5%).
Return on Equity
High ROE: SOFF has a negative Return on Equity (-38.13%), as it is currently unprofitable.
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How is Solstad Offshore's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: SOFF's short term assets (NOK3.9B) do not cover its short term liabilities (NOK4.4B).
Long Term Liabilities: SOFF's short term assets (NOK3.9B) do not cover its long term liabilities (NOK17.4B).
Debt to Equity History and Analysis
Debt Level: SOFF's net debt to equity ratio (566.6%) is considered high.
Reducing Debt: SOFF's debt to equity ratio has increased from 448.1% to 643.1% over the past 5 years.
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 SOFF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SOFF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.9% per year.
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What is Solstad Offshore current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SOFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SOFF'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 SOFF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOFF's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: SOFF is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SOFF has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Lars Peder Solstad serves as Chief Executive Officer of Solstad Offshore ASA and has been its Managing Director since 2002.
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD710.24K) is above average for companies of similar size in the Norwegian market ($USD536.37K).
Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.
Experienced Management: SOFF's management team is considered experienced (3.4 years average tenure).
Experienced Board: SOFF's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Solstad Offshore ASA's employee growth, exchange listings and data sources
- Name: Solstad Offshore ASA
- Ticker: SOFF
- Exchange: OB
- Founded: 1964
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: kr2.029b
- Shares outstanding: 77.31m
- Website: https://www.solstad.com
Number of Employees
- Solstad Offshore ASA
- Nesavegen 39
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.