OB:ODF

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Executive Summary

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


Snowflake Analysis

Very undervalued with acceptable track record.


Similar Companies

Share Price & News

How has Odfjell's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ODF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

ODF

-0.8%

NO Shipping

-0.3%

NO Market


1 Year Return

-24.3%

ODF

-18.6%

NO Shipping

-6.4%

NO Market

Return vs Industry: ODF underperformed the Norwegian Shipping industry which returned -18.9% over the past year.

Return vs Market: ODF underperformed the Norwegian Market which returned -6.3% over the past year.


Shareholder returns

ODFIndustryMarket
7 Day-2.1%-0.8%-0.3%
30 Day5.1%4.0%-0.05%
90 Day6.5%6.4%2.1%
1 Year-24.3%-24.3%-10.8%-18.6%-3.2%-6.4%
3 Year-16.2%-20.3%-30.6%-42.0%2.9%-8.7%
5 Year-2.0%-10.9%-14.9%-24.7%43.9%14.5%

Price Volatility Vs. Market

How volatile is Odfjell's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 (NOK22.8) is trading below our estimate of fair value (NOK111.28)

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


Price To Earnings Ratio

PE vs Industry: ODF is good value based on its PE Ratio (12.5x) compared to the NO Shipping industry average (14.2x).

PE vs Market: ODF is good value based on its PE Ratio (12.5x) compared to the Norwegian market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: ODF is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: ODF is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

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

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ODF's forecast earnings growth (23.6% per year) is above the savings rate (1.6%).

Earnings vs Market: ODF's earnings (23.6% per year) are forecast to grow slower than the Norwegian market (33.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ODF's revenue (2.8% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: ODF's revenue (2.8% per year) is forecast to grow slower than 20% 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 (6.8%).


Next Steps

Past Performance

How has Odfjell performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ODF has high quality earnings.

Growing Profit Margin: ODF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ODF has become profitable over the past 5 years, growing earnings by -28.8% per year.

Accelerating Growth: ODF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ODF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (-13.1%).


Return on Equity

High ROE: ODF's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is Odfjell's financial position?


Financial Position Analysis

Short Term Liabilities: ODF's short term assets ($265.4M) do not cover its short term liabilities ($386.7M).

Long Term Liabilities: ODF's short term assets ($265.4M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: ODF's debt to equity ratio (120.6%) is considered high.

Reducing Debt: ODF's debt to equity ratio has reduced from 136.9% to 120.6% over the past 5 years.

Debt Coverage: ODF's debt is well covered by operating cash flow (23.5%).

Interest Coverage: ODF's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.58%

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?

2.8yrs

Average management tenure


CEO

Kristian Mørch (53 yo)

5.17yrs

Tenure

US$1,123,000

Compensation

Mr. Kristian Verner Mørch is the Chief Executive Officer of Odfjell SE since August 1, 2015. Mr. Mørch served as an Interim Chief Executive Officer of Odfjell Terminals BV until May 1, 2016. Mr. Morch has ...


CEO Compensation Analysis

Compensation vs Market: Kristian's total compensation ($USD1.12M) is above average for companies of similar size in the Norwegian market ($USD435.35K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Laurence Odfjell
Executive Chairman of the Board10.42yrsUS$132.00k43.28%
$ 767.7m
Kristian Mørch
Chief Executive Officer5.17yrsUS$1.12m0.23%
$ 4.1m
Terje Iversen
Chief Financial Officer9.08yrsUS$325.00k0.040%
$ 714.8k
Harald Fotland
Chief Operation Officer2.75yrsUS$380.00k0.040%
$ 710.5k
Øistein Jensen
Chief Sustainability Officer0.17yrUS$261.00k0.040%
$ 705.2k
Bjørn Røed
Manager Investor Relations & Researchno datano datano data
Anngun Dybsland
Head of Communicationsno datano datano data
Geirmund Drivenes
Global Head of Ship Management2.75yrsno datano data
Bjørn Hammer
Global Head of Tanker Trading2.75yrsno datano data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Management: ODF's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Laurence Odfjell
Executive Chairman of the Board10.42yrsUS$132.00k43.28%
$ 767.7m
Åse Michelet
Independent Director3.42yrsUS$49.00kno data
Nils Dyvik
Independent Director0.75yrno datano data
Christine Rødsæther
Independent Director10.42yrsUS$49.00kno data
Jannicke Nilsson
Independent Director8.42yrsUS$49.00kno data
Åke Gregertsen
Independent Director7.42yrsUS$72.00k0.040%
$ 705.4k

7.9yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ODF's board of directors are considered experienced (7.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Odfjell SE
  • Ticker: ODF
  • Exchange: OB
  • Founded: 1914
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr1.774b
  • Shares outstanding: 78.78m
  • Website: https://www.odfjell.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ODFOB (Oslo Bors)YesSeries A SharesNONOKJan 1992
ODFBOB (Oslo Bors)Series B SharesNONOKJan 1992
O7FDB (Deutsche Boerse AG)YesSeries A SharesDEEURJan 1992
0J77LSE (London Stock Exchange)YesSeries A SharesGBNOKJan 1992
0J78LSE (London Stock Exchange)Series B SharesGBNOKJan 1992
ODJA.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDJan 1992
O7F1DB (Deutsche Boerse AG)Series B SharesDEEURJan 1992
ODFOBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBNOKJan 1992
ODFBOBATS-CHIXE (BATS 'Chi-X Europe')Series B SharesGBNOKJan 1992

Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:20
End of Day Share Price2020/10/19 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.