OB:SOFF

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Solstad Offshore

Market Cap

kr473.5m

Last Updated

2021/06/14 20:42 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Undervalued with questionable track record.


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 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.


Market Performance


7 Day Return

0.8%

SOFF

-2.3%

NO Energy Services

-0.6%

NO Market


1 Year Return

-98.9%

SOFF

34.8%

NO Energy Services

34.9%

NO Market

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.


Shareholder returns

SOFFIndustryMarket
7 Day0.8%-2.3%-0.6%
30 Day5.7%5.6%5.0%
90 Day-21.1%-7.3%2.7%
1 Year-98.9%-98.9%40.3%34.8%40.3%34.9%
3 Year-99.9%-99.9%-63.4%-65.7%18.9%5.6%
5 Year-100.0%-100.0%-3.5%-22.8%89.1%54.3%

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

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 (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).


Future Growth

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

25.3%

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.


Past Performance

How has Solstad Offshore performed over the past 5 years?

4.0%

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.


Financial Health

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.


Balance Sheet


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?

2.4yrs

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 ($USD300.72K) is about average for companies of similar size in the Norwegian market ($USD355.49K).

Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SOFF's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: SOFF's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 25654.4%.


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: kr473.542m
  • Shares outstanding: 75.05m
  • Website: https://www.solstad.com

Number of Employees


Location

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

Listings


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 Analysis2021/06/14 20:42
End of Day Share Price2021/06/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.