Solstad Maritime ASA

OB:SOMA Stock Report

Market Cap: NOK 13.1b

Solstad Maritime Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Lars Solstad

Chief executive officer

US$723.0k

Total compensation

CEO salary percentage82.02%
CEO tenureno data
CEO ownership1.0%
Management average tenureno data
Board average tenure1.9yrs

Recent management updates

Recent updates

Analysis Article • May 15

We Think That There Are Some Issues For Solstad Maritime (OB:SOMA) Beyond Its Promising Earnings

The market for Solstad Maritime ASA's ( OB:SOMA ) stock was strong after it released a healthy earnings report last...
Analysis Article • May 12

Earnings Update: Here's Why Analysts Just Lifted Their Solstad Maritime ASA (OB:SOMA) Price Target To kr29.67

The quarterly results for Solstad Maritime ASA ( OB:SOMA ) were released last week, making it a good time to revisit...
New Narrative • May 11

Solstad Maritime will see growth with a 15% revenue jump

Investment Memorandum – Solstad Maritime ASA (OSE: SOMA) 1. Executive Summary Solstad Maritime ASA (“Solstad” or the “Company”) is a Norway-based offshore marine services provider focused on high-end vessels supporting oil & gas and renewable energy operations globally.
Analysis Article • Jan 28

Why Investors Shouldn't Be Surprised By Solstad Maritime ASA's (OB:SOMA) Low P/E

Solstad Maritime ASA's ( OB:SOMA ) price-to-earnings (or "P/E") ratio of 4.1x might make it look like a strong buy...
Analysis Article • Dec 19

Does Solstad Maritime (OB:SOMA) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 07

Solstad Maritime's (OB:SOMA) Promising Earnings May Rest On Soft Foundations

Solstad Maritime ASA ( OB:SOMA ) just reported some strong earnings, and the market reacted accordingly with a healthy...
Analysis Article • Aug 25

Solstad Maritime (OB:SOMA) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

CEO Compensation Analysis

How has Lars Solstad's remuneration changed compared to Solstad Maritime's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$250m

Mar 31 2026n/an/a

US$235m

Dec 31 2025US$723kUS$593k

US$213m

Sep 30 2025n/an/a

US$228m

Jun 30 2025n/an/a

US$244m

Mar 31 2025n/an/a

US$229m

Dec 31 2024US$752kUS$540k

US$241m

Dec 31 2023US$839kUS$537k

US$42m

Compensation vs Market: Lars's total compensation ($USD723.00K) is below average for companies of similar size in the Norwegian market ($USD1.03M).

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

CEO

Lars Solstad

no data
Tenure
US$723,000
Compensation

Mr. Lars Peder Solstad serves as Chief Executive Officer at Solstad Maritime AS. He serves as Chief Executive Officer of Solstad Offshore ASA and has been its Managing Director since 2002.

Board Members

NamePositionTenureCompensationOwnership
Kathryn Baker
Independent Director1.2yrsno datano data
Karl Kjelstad
Personal Deputy of Chairman1.3yrsno datano data
Frank Reite
Chairman2.5yrsUS$24.00k0.077%
NOK 10.1m
Peder Sortland
Independent Director2.5yrsUS$19.00kno data
Pal Magnussen
Independent Director1.2yrsUS$19.00k0.066%
NOK 8.6m
Charlotte Cecilie Hakonsen
Director2.5yrsUS$19.00kno data
1.9yrs
Average Tenure
58yo
Average Age

Experienced Board: SOMA's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/27 08:04
End of Day Share Price 2026/07/27 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Solstad Maritime ASA is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jørgen LandeDanske Bank
Kristian AarliDNB Carnegie
Truls OlsenFearnley Securities