Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. More Details
Undervalued with questionable track record.
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 not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SOFF's weekly volatility has decreased from 21% to 8% 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 34.8% over the past year.
Return vs Market: SOFF underperformed the Norwegian Market which returned 34.9% 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
3 months ago | Simply Wall StSolstad Offshore (OB:SOFF) Strong Profits May Be Masking Some Underlying Issues
6 months ago | Simply Wall StIf You Had Bought Solstad Offshore (OB:SOFF) Shares A Year Ago You'd Have Earned 677% Returns
9 months ago | Simply Wall StHow Does Solstad Offshore's (OB:SOFF) CEO Salary Compare to Peers?
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 (NOK6.2) is trading below our estimate of fair value (NOK23.65)
Significantly Below Fair Value: SOFF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOFF is good value based on its PE Ratio (0.1x) compared to the Norwegian Energy Services industry average (5.8x).
PE vs Market: SOFF is good value based on its PE Ratio (0.1x) compared to the Norwegian market (14.1x).
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 is good value based on its PB Ratio (0.1x) compared to the NO Energy Services industry average (0.7x).
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.
How has Solstad Offshore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOFF has a high level of non-cash earnings.
Growing Profit Margin: SOFF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SOFF has become profitable over the past 5 years, growing earnings by 4% per year.
Accelerating Growth: SOFF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SOFF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-4.6%).
Return on Equity
High ROE: Whilst SOFF's Return on Equity (235.76%) is outstanding, this metric is skewed due to their high level of debt.
How is Solstad Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: SOFF's short term assets (NOK4.0B) do not cover its short term liabilities (NOK4.6B).
Long Term Liabilities: SOFF's short term assets (NOK4.0B) do not cover its long term liabilities (NOK17.3B).
Debt to Equity History and Analysis
Debt Level: SOFF's debt to equity ratio (393.7%) is considered high.
Reducing Debt: SOFF's debt to equity ratio has increased from 280.8% to 393.7% over the past 5 years.
Debt Coverage: SOFF's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: Insufficient data to determine if SOFF's interest payments on its debt are well covered by EBIT.
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 ($USD300.72K) is about average for companies of similar size in the Norwegian market ($USD355.49K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
Experienced Management: SOFF's management team is considered experienced (2.4 years average tenure).
Experienced Board: SOFF's board of directors are not considered experienced ( 0.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 25654.4%.
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: kr473.542m
- Shares outstanding: 75.05m
- Website: https://www.solstad.com
Number of Employees
- Solstad Offshore ASA
- Nesavegen 39
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||2021/06/14 20:42|
|End of Day Share Price||2021/06/14 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.