Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. More Details
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Solstad Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOFF is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 38% a week.
Volatility Over Time: SOFF's weekly volatility has increased from 23% to 38% over the past year.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: SOFF underperformed the Norwegian Energy Services industry which returned -40.8% over the past year.
Return vs Market: SOFF underperformed the Norwegian Market which returned -0.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Solstad Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIf You Had Bought Solstad Offshore (OB:SOFF) Shares A Year Ago You'd Have Earned 677% Returns
4 months ago | Simply Wall StHow Does Solstad Offshore's (OB:SOFF) CEO Salary Compare to Peers?
7 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Solstad Offshore ASA's (OB:SOFF) Shareholder Register?
Is Solstad Offshore undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOFF (NOK8.2) is trading below our estimate of fair value (NOK110.31)
Significantly Below Fair Value: SOFF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOFF is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.
PE vs Market: SOFF 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 SOFF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOFF has negative assets, so we can't compare its PB Ratio to the NO Energy Services industry average.
How is Solstad Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of SOFF’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.
- Solstad Offshore competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Solstad Offshore performed over the past 5 years?
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, and losses have increased over the past 5 years at a rate of 42.3% 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 (-25.6%).
Return on Equity
High ROE: SOFF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Solstad Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: SOFF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SOFF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SOFF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SOFF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 33.3% per year.
What is Solstad Offshore current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: SOFF is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SOFF's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
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 ($USD293.88K) is about average for companies of similar size in the Norwegian market ($USD380.86K).
Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.
|CEO & MD||no data||kr2.51m||4.14% |
|Chief Operation Officer||no data||kr1.96m||no data|
|Deputy Chief Executive Officer||19yrs||kr2.35m||0.000010% |
|Executive Vice President of Subsea & Construction||no data||kr1.96m||no data|
|Executive Vice President of Global AHTS/PSV||2yrs||kr1.97m||no data|
|Chief Financial Officer||0.58yr||no data||no data|
|Accounting Manager||23.25yrs||no data||no data|
|Administration & Communication Director||no data||no data||no data|
|Human Resources Director||11.33yrs||no data||no data|
|Executive Vice President of Aquaculture||2yrs||kr1.79m||no data|
|Controller||no data||no data||no data|
Experienced Management: SOFF's management team is seasoned and experienced (6.7 years average tenure).
|Director||0.25yr||no data||no data|
|Director||0.25yr||no data||no data|
|Chairman of the Board||no data||kr401.00k||0.00099% |
|Director||0.25yr||no data||no data|
Experienced Board: SOFF's board of directors are not considered experienced ( 0.3 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: SOFF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 25594.8%.
Solstad Offshore ASA's company bio, 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
- Market Cap: kr584.006m
- Shares outstanding: 74.87m
- Website: https://www.solstad.com
Number of Employees
- Solstad Offshore ASA
- Nesavegen 39
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SOFF||OB (Oslo Bors)||Yes||Class A Shares||NO||NOK||Oct 1997|
|SZL||BST (Boerse-Stuttgart)||Yes||Class A Shares||DE||EUR||Oct 1997|
|0G2Z||LSE (London Stock Exchange)||Yes||Class A Shares||GB||NOK||Oct 1997|
|SLOF.F||OTCPK (Pink Sheets LLC)||Yes||Class A Shares||US||USD||Oct 1997|
|SOFFO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Shares||GB||NOK||Oct 1997|
Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. The company offers anchor-handling vessels delivering services related to rig m...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/18 17:38|
|End of Day Share Price||2021/01/18 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.