Odfjell Valuation

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

ODF (NOK133.8) is trading below our estimate of [[fair value]] (NOK419.52)

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 (NOK133.8) is trading below our estimate of fair value (NOK419.52)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ODF. This is calculated by dividing ODF's market cap by their current preferred multiple.
What is ODF's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$981.42m

ODF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	4.5x
PEG Ratio	1.8x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	9.7x
WWI Wilh. Wilhelmsen Holding	3.4x	-8.5%	NOK 17.8b
MPCC MPC Container Ships	3.6x	-42.6%	NOK 9.5b
FROY Frøy	26.7x	n/a	NOK 6.6b
SNI Stolt-Nielsen	5x	-3.3%	NOK 20.9b
ODF Odfjell	3.8x	2.1%	NOK 10.5b

Price-To-Earnings vs Peers: ODF is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (4x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.4%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ODF is good value based on its Price-To-Earnings Ratio (3.8x) compared to the European Shipping industry average (7.2x).

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 Ratio	3.8x
Fair PE Ratio	7.2x

Price-To-Earnings vs Fair Ratio: ODF is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 133.80	NOK 217.12 +62.3%	3.7%	NOK 230.39	NOK 209.18	n/a	5
Sep ’25	NOK 148.80	NOK 217.12 +45.9%	3.7%	NOK 230.39	NOK 209.18	n/a	5
Aug ’25	NOK 164.80	NOK 223.02 +35.3%	6.4%	NOK 247.83	NOK 208.18	n/a	5
Jul ’25	NOK 176.60	NOK 219.52 +24.3%	6.7%	NOK 241.35	NOK 202.73	n/a	5
Jun ’25	NOK 180.00	NOK 219.52 +22.0%	6.7%	NOK 241.35	NOK 202.73	n/a	5
May ’25	NOK 175.40	NOK 177.22 +1.0%	9.9%	NOK 203.20	NOK 158.59	n/a	5
Apr ’25	NOK 137.00	NOK 168.45 +23.0%	7.1%	NOK 189.42	NOK 155.23	n/a	5
Mar ’25	NOK 133.50	NOK 165.12 +23.7%	7.0%	NOK 185.43	NOK 153.04	n/a	5
Feb ’25	NOK 146.00	NOK 143.33 -1.8%	14.8%	NOK 177.24	NOK 125.66	n/a	5
Jan ’25	NOK 116.50	NOK 144.14 +23.7%	8.7%	NOK 168.15	NOK 134.87	n/a	5
Dec ’24	NOK 115.00	NOK 144.14 +25.3%	8.7%	NOK 168.15	NOK 134.87	n/a	5
Nov ’24	NOK 119.50	NOK 138.12 +15.6%	9.2%	NOK 160.78	NOK 125.03	n/a	5
Oct ’24	NOK 96.40	NOK 131.57 +36.5%	12.7%	NOK 154.22	NOK 105.01	n/a	5
Sep ’24	NOK 91.20	NOK 131.40 +44.1%	12.6%	NOK 153.97	NOK 104.84	NOK 148.80	5
Aug ’24	NOK 93.00	NOK 131.98 +41.9%	7.0%	NOK 147.85	NOK 119.87	NOK 164.80	5
Jul ’24	NOK 89.00	NOK 140.82 +58.2%	5.9%	NOK 154.30	NOK 128.71	NOK 176.60	5
Jun ’24	NOK 91.60	NOK 139.11 +51.9%	6.6%	NOK 152.53	NOK 127.23	NOK 180.00	4
May ’24	NOK 99.60	NOK 136.70 +37.3%	11.3%	NOK 155.89	NOK 113.43	NOK 175.40	4
Apr ’24	NOK 94.40	NOK 117.28 +24.2%	12.9%	NOK 138.17	NOK 102.68	NOK 137.00	3
Mar ’24	NOK 98.20	NOK 115.25 +17.4%	14.2%	NOK 137.86	NOK 99.90	NOK 133.50	3
Feb ’24	NOK 86.80	NOK 111.03 +27.9%	9.4%	NOK 123.88	NOK 98.22	NOK 146.00	3
Jan ’24	NOK 89.00	NOK 107.48 +20.8%	5.0%	NOK 113.50	NOK 100.44	NOK 116.50	3
Dec ’23	NOK 84.00	NOK 107.48 +28.0%	5.0%	NOK 113.50	NOK 100.44	NOK 115.00	3
Nov ’23	NOK 69.00	NOK 86.03 +24.7%	3.6%	NOK 90.09	NOK 82.70	NOK 119.50	3
Oct ’23	NOK 62.60	NOK 82.50 +31.8%	5.8%	NOK 89.13	NOK 78.24	NOK 96.40	3
Sep ’23	NOK 64.80	NOK 82.50 +27.3%	5.8%	NOK 89.13	NOK 78.24	NOK 91.20	3

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