Odfjell SE

OB:ODF Stock Report

Market Cap: NOK 8.4b

Odfjell Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ODF (NOK107) is trading below our estimate of fair value (NOK623.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ODF. This is calculated by dividing ODF's market cap by their current earnings.
What is ODF's PE Ratio?
PE Ratio2.7x
EarningsUS$279.40m
Market CapUS$741.38m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ODF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.1x
FROY Frøy
26.7xn/aNOK 6.6b
MPCC MPC Container Ships
3.3x-36.7%NOK 8.9b
SNI Stolt-Nielsen
3.3x-6.1%NOK 14.9b
WWI Wilh. Wilhelmsen Holding
3.1x6.5%NOK 16.8b
ODF Odfjell
2.7x-11.4%NOK 8.4b

Price-To-Earnings vs Peers: ODF is good value based on its Price-To-Earnings Ratio (2.7x) compared to the peer average (3.2x).

Price to Earnings Ratio vs Industry

How does ODF's PE Ratio compare vs other companies in the European Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ODF 2.7xIndustry Avg. 7.4xNo. of Companies6PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODF is good value based on its Price-To-Earnings Ratio (2.7x) compared to the European Shipping industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is ODF'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.

ODF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.7x
Fair PE Ratio4.7x

Price-To-Earnings vs Fair Ratio: ODF is good value based on its Price-To-Earnings Ratio (2.7x) compared to the estimated Fair Price-To-Earnings Ratio (4.7x).

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 ODF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 107.00
NOK 189.23
+76.9%
14.3%NOK 214.73NOK 144.72n/a5
Dec ’25NOK 109.40
NOK 188.79
+72.6%
14.3%NOK 214.22NOK 144.45n/a5
Nov ’25NOK 128.00
NOK 214.88
+67.9%
7.7%NOK 241.58NOK 190.03n/a5
Oct ’25NOK 141.20
NOK 218.41
+54.7%
4.0%NOK 233.53NOK 210.12n/a5
Sep ’25NOK 148.80
NOK 216.47
+45.5%
3.7%NOK 230.39NOK 208.51n/a5
Aug ’25NOK 164.80
NOK 223.02
+35.3%
6.4%NOK 247.83NOK 208.18n/a5
Jul ’25NOK 176.60
NOK 219.52
+24.3%
6.7%NOK 241.35NOK 202.73n/a5
Jun ’25NOK 180.00
NOK 219.52
+22.0%
6.7%NOK 241.35NOK 202.73n/a5
May ’25NOK 175.40
NOK 177.22
+1.0%
9.9%NOK 203.20NOK 158.59n/a5
Apr ’25NOK 137.00
NOK 168.45
+23.0%
7.1%NOK 189.42NOK 155.23n/a5
Mar ’25NOK 133.50
NOK 165.12
+23.7%
7.0%NOK 185.43NOK 153.04n/a5
Feb ’25NOK 146.00
NOK 143.33
-1.8%
14.8%NOK 177.24NOK 125.66n/a5
Jan ’25NOK 116.50
NOK 144.14
+23.7%
8.7%NOK 168.15NOK 134.87n/a5
Dec ’24NOK 115.00
NOK 144.14
+25.3%
8.7%NOK 168.15NOK 134.87NOK 109.405
Nov ’24NOK 119.50
NOK 138.12
+15.6%
9.2%NOK 160.78NOK 125.03NOK 128.005
Oct ’24NOK 96.40
NOK 131.57
+36.5%
12.7%NOK 154.22NOK 105.01NOK 141.205
Sep ’24NOK 91.20
NOK 131.40
+44.1%
12.6%NOK 153.97NOK 104.84NOK 148.805
Aug ’24NOK 93.00
NOK 131.98
+41.9%
7.0%NOK 147.85NOK 119.87NOK 164.805
Jul ’24NOK 89.00
NOK 140.82
+58.2%
5.9%NOK 154.30NOK 128.71NOK 176.605
Jun ’24NOK 91.60
NOK 139.11
+51.9%
6.6%NOK 152.53NOK 127.23NOK 180.004
May ’24NOK 99.60
NOK 136.70
+37.3%
11.3%NOK 155.89NOK 113.43NOK 175.404
Apr ’24NOK 94.40
NOK 117.28
+24.2%
12.9%NOK 138.17NOK 102.68NOK 137.003
Mar ’24NOK 98.20
NOK 115.25
+17.4%
14.2%NOK 137.86NOK 99.90NOK 133.503
Feb ’24NOK 86.80
NOK 111.03
+27.9%
9.4%NOK 123.88NOK 98.22NOK 146.003
Jan ’24NOK 89.00
NOK 107.48
+20.8%
5.0%NOK 113.50NOK 100.44NOK 116.503
Dec ’23NOK 84.00
NOK 107.48
+28.0%
5.0%NOK 113.50NOK 100.44NOK 115.003

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 Analysis2024/12/22 00:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Odfjell SE is covered by 15 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
Anders HolteABG Sundal Collier
Petter NarvestadBeringer Finance AB
Lars KalbakkenCarnegie Investment Bank AB