OB:SOFF

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Solstad Offshore

Executive Summary

Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-29.3%

SOFF

-8.9%

NO Energy Services

-6.4%

NO Market


1 Year Return

371.3%

SOFF

-57.4%

NO Energy Services

-15.1%

NO Market

Return vs Industry: SOFF exceeded the Norwegian Energy Services industry which returned -57.4% over the past year.

Return vs Market: SOFF exceeded the Norwegian Market which returned -15.1% over the past year.


Shareholder returns

SOFFIndustryMarket
7 Day-29.3%-8.9%-6.4%
30 Day572.1%-7.3%-6.3%
90 Day614.9%-15.2%-2.5%
1 Year371.3%371.3%-55.6%-57.4%-12.2%-15.1%
3 Year-42.0%-42.0%-72.6%-74.3%-4.5%-15.1%
5 Year-83.9%-83.9%-50.0%-66.0%29.9%4.0%

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

Valuation

Is Solstad 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: SOFF (NOK3.54) is trading below our estimate of fair value (NOK208.52)

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 XE 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.


Next Steps

Future Growth

How is Solstad Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

76.7%

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.


Next Steps

Past Performance

How has Solstad Offshore performed over the past 5 years?

-45.6%

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 45.6% 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 (-41.5%).


Return on Equity

High ROE: SOFF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

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.


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 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 29.3% per year.


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Lars Solstad

no data

Tenure

kr2,512,000

Compensation

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 ($USD268.68K) is about average for companies of similar size in the Norwegian market ($USD372.53K).

Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Lars Solstad
CEO & MDno datakr2.51mno data
Tor Dale
Chief Operation Officerno datakr1.96mno data
Sven Stakkestad
Deputy Chief Executive Officer18.75yrskr2.35m0.000010%
NOK 25.8
Hans Skar
Executive Vice President of Subsea & Constructionno datakr1.96mno data
Kenneth Lande
Executive Vice President of Global AHTS/PSV1.75yrskr1.97mno data
Kjetil Ramstad
Chief Financial Officer0.33yrno datano data
Jostein Fjelland
Accounting Manager23yrsno datano data
Olaug Hillesland
Administration & Communication Directorno datano datano data
Per Stange
Human Resources Director11.08yrsno datano data
Jon Gummedal
Executive Vice President of Aquaculture1.75yrskr1.79mno data
Leif Stave
Controllerno datano datano data

6.4yrs

Average Tenure

Experienced Management: SOFF's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Frank Reite
Director4.25yrskr240.00kno data
Toril Eidesvik
Director15.42yrskr278.00k0%
NOK 0
Thorhild Widvey
Directorno datano datano data
Merete Haugli
Director3.58yrskr240.00kno data
Peder Sortland
Directorno datano datano data
Harald Espedal
Chairman of the Boardno datakr401.00k0.0010%
NOK 2.6k
Ingrid Kylstad
Directorno datano datano data

4.3yrs

Average Tenure

54yo

Average Age

Experienced Board: SOFF's board of directors are considered experienced (4.3 years average tenure).


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 been substantially diluted in the past year, with total shares outstanding growing by 24912%.


Top Shareholders

Company Information

Solstad Offshore ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Solstad Offshore ASA
  • Ticker: SOFF
  • Exchange: OB
  • Founded: 1964
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr257.642m
  • Shares outstanding: 72.88m
  • Website: https://www.solstad.com

Number of Employees


Location

  • Solstad Offshore ASA
  • Nesavegen 39
  • Skudeneshavn
  • Rogaland
  • 4280
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOFFOB (Oslo Bors)YesClass A SharesNONOKOct 1997
SZLBST (Boerse-Stuttgart)YesClass A SharesDEEUROct 1997
0G2ZLSE (London Stock Exchange)YesClass A SharesGBNOKOct 1997
SLOF.FOTCPK (Pink Sheets LLC)YesClass A SharesUSUSDOct 1997
SOFFOBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBNOKOct 1997

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 21:48
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.