Solstad Maritime ASA

OB:SOMA Stock Report

Market Cap: NOK 11.4b

Solstad Maritime Valuation

Is SOMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SOMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SOMA (NOK24.5) is trading below our estimate of future cash flow value (NOK87.51)

Significantly Below Future Cash Flow Value: SOMA is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SOMA?

Key metric: As SOMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SOMA. This is calculated by dividing SOMA's market cap by their current earnings.
What is SOMA's PE Ratio?
PE Ratio4.9x
EarningsUS$234.95m
Market CapUS$1.15b

Price to Earnings Ratio vs Peers

How does SOMA's PE Ratio compare to its peers?

The above table shows the PE ratio for SOMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
BWO BW Offshore
8.3x24.22%NOK 7.9b
AKSO Aker Solutions
7.5x-23.44%NOK 21.6b
ENH SED Energy Holdings
12.9x8.50%NOK 5.6b
DOFG DOF Group
6.1x-1.05%NOK 28.0b
SOMA Solstad Maritime
4.9x-4.25%NOK 11.4b

Price-To-Earnings vs Peers: SOMA is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (8.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SOMA's PE Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PRS Prosafe
0.9x-65.61%US$145.68m
AWDR Awilco Drilling
0.01xn/aUS$2.46m
No more companies available in this PE range
SOMA 4.9xIndustry Avg. 6.2xNo. of Companies7PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SOMA is good value based on its Price-To-Earnings Ratio (4.9x) compared to the Norwegian Energy Services industry average (6.2x).

Price to Earnings Ratio vs Fair Ratio

What is SOMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SOMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ratio9x

Price-To-Earnings vs Fair Ratio: SOMA is good value based on its Price-To-Earnings Ratio (4.9x) compared to the estimated Fair Price-To-Earnings Ratio (9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SOMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 24.50
NOK 29.67
+21.09%
5.73%NOK 32.00NOK 28.00n/a3
Jun ’27NOK 27.30
NOK 29.67
+8.67%
5.73%NOK 32.00NOK 28.00n/a3
May ’27NOK 28.70
NOK 29.67
+3.37%
5.73%NOK 32.00NOK 28.00n/a3
Apr ’27NOK 28.75
NOK 27.00
-6.09%
5.24%NOK 28.00NOK 25.00n/a3
Mar ’27NOK 25.05
NOK 26.00
+3.79%
5.44%NOK 28.00NOK 25.00n/a3
Feb ’27NOK 21.80
NOK 23.33
+7.03%
5.35%NOK 25.00NOK 22.00n/a3
Jan ’27NOK 18.24
NOK 23.33
+27.92%
5.35%NOK 25.00NOK 22.00n/a3
Dec ’26NOK 18.12
NOK 24.00
+32.45%
3.40%NOK 25.00NOK 23.00n/a3
Nov ’26NOK 17.86
NOK 26.00
+45.58%
11.32%NOK 30.00NOK 23.00n/a3
Oct ’26NOK 22.70
NOK 29.00
+27.75%
4.88%NOK 30.00NOK 27.00n/a3
Sep ’26NOK 25.49
NOK 29.00
+13.77%
4.88%NOK 30.00NOK 27.00n/a3
Aug ’26NOK 24.43
NOK 28.50
+16.68%
5.26%NOK 30.00NOK 27.00n/a2
Jul ’26NOK 24.60
NOK 28.50
+15.85%
5.26%NOK 30.00NOK 27.00n/a2
NOK 29.67
Fair Value
17.4% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 23:25
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/31
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