ODF

OdfjellOB:ODF Stock Report

Market Cap

kr2.2b

7D

1.1%

1Y

29.4%

Updated

16 Sep, 2021

Data

Company Financials +
ODF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ODF Overview

Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products.

Rewards

Trading at 80.1% below our estimate of its fair value

Earnings are forecast to grow 99.83% per year

Risk Analysis

No risks detected for ODF from our risk checks.

Odfjell Competitors

Teekay LNG Partners

NYSE:TGP

US$1.4b

Golar LNG

NasdaqGS:GLNG

US$1.3b

Navigator Holdings

NYSE:NVGS

US$683.8m

Exmar

ENXTBR:EXM

€214.6m

Price History & Performance

Summary of all time highs, changes and price drops for Odfjell
Historical stock prices
Current Share Pricekr28.20
52 Week Highkr20.70
52 Week Lowkr35.30
Beta0.76
1 Month Change-6.00%
3 Month Change-13.23%
1 Year Change29.36%
3 Year Change-15.32%
5 Year Change7.22%
Change since IPO99.65%

Recent News & Updates

Aug 21
New Forecasts: Here's What Analysts Think The Future Holds For Odfjell SE (OB:ODF)

New Forecasts: Here's What Analysts Think The Future Holds For Odfjell SE (OB:ODF)

Odfjell SE ( OB:ODF ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...

Shareholder Returns

ODFNO ShippingNO Market
7D1.1%-0.2%0.1%
1Y29.4%84.9%21.7%

Return vs Industry: ODF underperformed the Norwegian Shipping industry which returned 84.9% over the past year.

Return vs Market: ODF exceeded the Norwegian Market which returned 21.7% over the past year.

Price Volatility

Is ODF's price volatile compared to industry and market?
ODF volatility
ODF Beta0.76
Industry Beta1.13
Market Beta1

Stable Share Price: ODF is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ODF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19142,294Kristian Morchhttps://www.odfjell.com

Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. The company operates through three segments: Chemical Tankers, Tank Terminals, and Gas Carriers. It owns and operates chemical tankers that offers global and regional transportation; tank terminals, which provides storage of various chemical and petroleum products; and LPG/ethylene carriers.

Valuation

Is Odfjell 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: ODF (NOK28.2) is trading below our estimate of fair value (NOK142)

Significantly Below Fair Value: ODF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ODF is unprofitable, so we can't compare its PE Ratio to the Norwegian Shipping industry average.

PE vs Market: ODF 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 ODF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ODF is good value based on its PB Ratio (0.5x) compared to the NO Shipping industry average (1.4x).


Future Growth

How is Odfjell forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

99.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ODF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: ODF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ODF's is expected to become profitable in the next 3 years.

Revenue vs Market: ODF's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: ODF's revenue is forecast to decline over the next 3 years (-1.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ODF's Return on Equity is forecast to be low in 3 years time (6.5%).


Past Performance

How has Odfjell performed over the past 5 years?

-27.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ODF is currently unprofitable.

Growing Profit Margin: ODF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ODF is unprofitable, and losses have increased over the past 5 years at a rate of 27.7% per year.

Accelerating Growth: Unable to compare ODF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ODF is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (107%).


Return on Equity

High ROE: ODF has a negative Return on Equity (-3.92%), as it is currently unprofitable.


Financial Health

How is Odfjell's financial position?


Financial Position Analysis

Short Term Liabilities: ODF's short term assets ($220.9M) do not cover its short term liabilities ($376.5M).

Long Term Liabilities: ODF's short term assets ($220.9M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: ODF's debt to equity ratio (114.4%) is considered high.

Reducing Debt: ODF's debt to equity ratio has reduced from 134.8% to 114.4% over the past 5 years.


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 ODF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ODF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24% per year.


Dividend

What is Odfjell current dividend yield, its reliability and sustainability?

5.13%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ODF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ODF'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 ODF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ODF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ODF is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ODF'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?

3.7yrs

Average management tenure


CEO

Kristian Morch (54 yo)

6.08yrs

Tenure

US$1,326,000

Compensation

Mr. Kristian Verner Morch is the Chief Executive Officer of Odfjell SE since August 1, 2015. He was a Partner of Clipper Group A/S until May 2015 and served as its Group Chief Executive Officer from Januar...


CEO Compensation Analysis

Compensation vs Market: Kristian's total compensation ($USD1.33M) is above average for companies of similar size in the Norwegian market ($USD544.80K).

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


Leadership Team

Experienced Management: ODF's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: ODF's board of directors are considered experienced (8.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Odfjell SE's employee growth, exchange listings and data sources


Key Information

  • Name: Odfjell SE
  • Ticker: ODF
  • Exchange: OB
  • Founded: 1914
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr2.218b
  • Shares outstanding: 78.63m
  • Website: https://www.odfjell.com

Number of Employees


Location

  • Odfjell SE
  • Conrad Mohrs veg 29
  • PO Box 6101
  • Bergen
  • Hordaland
  • 5892
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:30
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
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.