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Odfjell

OB:ODFB
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ODFB
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. The last earnings update was 48 days ago. More info.


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ODFB Share Price and Events
7 Day Returns
2.3%
OB:ODFB
2.4%
NO Shipping
1.7%
NO Market
1 Year Returns
-17.5%
OB:ODFB
-23.1%
NO Shipping
-6.1%
NO Market
ODFB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Odfjell (ODFB) 2.3% -6.4% -2.9% -17.5% 3.5% -5.7%
NO Shipping 2.4% -5.4% -8.6% -23.1% 10.2% -40.4%
NO Market 1.7% -0.9% -4.2% -6.1% 36.4% 11.6%
1 Year Return vs Industry and Market
  • ODFB outperformed the Shipping industry which returned -23.1% over the past year.
  • ODFB underperformed the Market in Norway which returned -6.1% over the past year.
Price Volatility
ODFB
Industry
5yr Volatility vs Market

Value

 Is Odfjell undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Odfjell to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Odfjell.

OB:ODFB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:ODFB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.689 (1 + (1- 23%) (533.53%))
2.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:ODFB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Odfjell is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:ODFB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.68%)
2019 -98.68 Analyst x4 -86.80
2020 -34.60 Analyst x4 -26.77
2021 131.75 Analyst x4 89.68
2022 135.00 Analyst x1 80.83
2023 141.00 Analyst x1 74.27
2024 146.04 Est @ 3.57% 67.66
2025 150.46 Est @ 3.03% 61.33
2026 154.45 Est @ 2.65% 55.37
2027 158.13 Est @ 2.38% 49.87
2028 161.60 Est @ 2.2% 44.83
Present value of next 10 years cash flows $410.28
OB:ODFB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $161.60 × (1 + 1.76%) ÷ (13.68% – 1.76%)
$1,379.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,379.55 ÷ (1 + 13.68%)10
$382.73
OB:ODFB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $410.28 + $382.73
$793.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $793.01 / 78.71
$10.3
OB:ODFB Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:ODF)
8.484
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $10.08 x 8.484
NOK85.48
Non-primary Listing Adjustment Factor 1 share in OB:ODFB represents 0.97778x of OB:ODF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97778x
Value per Share
(Listing Adjusted, NOK)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 85.48 x 0.97778
NOK83.58
Value per share (NOK) From above. NOK83.58
Current discount Discount to share price of NOK26.40
= -1 x (NOK26.40 - NOK83.58) / NOK83.58
68.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Odfjell is available for.
Intrinsic value
>50%
Share price is NOK26.4 vs Future cash flow value of NOK83.58
Current Discount Checks
For Odfjell to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Odfjell's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Odfjell's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Odfjell's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Odfjell's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:ODFB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-2.72
OB:ODF Share Price ** OB (2019-06-25) in NOK NOK27
OB:ODF Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $3.18
Norway Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 10.88x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Odfjell.

OB:ODFB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:ODF Share Price ÷ EPS (both in USD)

= 3.18 ÷ -2.72

-1.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Odfjell is loss making, we can't compare its value to the NO Shipping industry average.
  • Odfjell is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Odfjell's expected growth come at a high price?
Raw Data
OB:ODFB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
78.7%per year
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.67x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Odfjell, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Odfjell's assets?
Raw Data
OB:ODFB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.41
OB:ODF Share Price * OB (2019-06-25) in NOK NOK27
OB:ODF Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $3.18
Norway Shipping Industry PB Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.6x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.12x
OB:ODFB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:ODF Share Price ÷ Book Value per Share (both in USD)

= 3.18 ÷ 7.41

0.43x

* Primary Listing of Odfjell.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Odfjell is good value based on assets compared to the NO Shipping industry average.
X
Value checks
We assess Odfjell's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Odfjell has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Odfjell expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
78.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Odfjell expected to grow at an attractive rate?
  • Odfjell's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Odfjell's earnings growth is expected to exceed the Norway market average.
  • Odfjell's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:ODFB Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:ODFB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 78.7%
OB:ODFB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 7.6%
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 39.7%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:ODFB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:ODFB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,059 166 23 2
2020-12-31 1,032 138 7 2
2019-12-31 927 94 -47 2
OB:ODFB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 858 43 -214
2018-12-31 851 43 -211
2018-09-30 843 59 -59
2018-06-30 841 71 -38
2018-03-31 841 58 77
2017-12-31 843 54 91
2017-09-30 833 40 30
2017-06-30 830 46 57
2017-03-31 826 92 78
2016-12-31 825 122 100
2016-09-30 837 144 39
2016-06-30 875 144 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Odfjell's earnings are expected to grow significantly at over 20% yearly.
  • Odfjell's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:ODFB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Odfjell Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ODFB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.29 0.96 -0.49 5.00
2020-12-31 0.09 0.93 -0.67 5.00
2019-12-31 -0.47 -0.06 -0.66 4.00
OB:ODFB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -2.72
2018-12-31 -2.68
2018-09-30 -0.75
2018-06-30 -0.49
2018-03-31 0.98
2017-12-31 1.15
2017-09-30 0.38
2017-06-30 0.72
2017-03-31 0.99
2016-12-31 1.27
2016-09-30 0.48
2016-06-30 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Odfjell is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Odfjell's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Odfjell has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Odfjell performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Odfjell's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Odfjell does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Odfjell's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Odfjell's 1-year growth to the NO Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Odfjell's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Odfjell Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ODFB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 857.54 -214.13 70.04
2018-12-31 850.84 -210.83 69.74
2018-09-30 842.65 -59.00 68.01
2018-06-30 841.45 -38.30 69.41
2018-03-31 841.35 77.00 68.71
2017-12-31 842.55 90.60 68.01
2017-09-30 833.21 29.81 70.07
2017-06-30 829.61 56.81 69.67
2017-03-31 825.71 77.51 71.67
2016-12-31 824.91 100.01 71.47
2016-09-30 836.92 38.87 73.05
2016-06-30 874.92 29.37 74.15
2016-03-31 913.92 20.37 78.15
2015-12-31 928.92 -35.63 82.15
2015-09-30 958.97 -36.15 79.73
2015-06-30 982.97 -52.15 86.73
2015-03-31 1,013.97 -84.15 88.73
2014-12-31 1,052.97 -75.15 92.73
2014-09-30 1,063.25 -158.52 98.02
2014-06-30 1,055.25 -140.52 91.02
2014-03-31 1,037.25 -117.52 93.02
2013-12-31 1,027.25 -107.52 93.02
2013-09-30 1,066.67 -45.96 104.58
2013-06-30 1,084.67 -93.96 119.58
2013-03-31 1,134.67 -119.96 123.58
2012-12-31 1,211.67 -110.96 128.58
2012-09-30 1,237.12 -79.48 125.73
2012-06-30 1,270.12 -53.48 117.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Odfjell has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Odfjell has efficiently used its assets last year compared to the NO Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Odfjell improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Odfjell's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Odfjell has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Odfjell's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Odfjell's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Odfjell's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Odfjell's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Odfjell's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Odfjell Company Filings, last reported 2 months ago.

OB:ODFB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 583.50 1,110.80 138.60
2018-12-31 600.59 692.07 167.80
2018-09-30 652.00 860.30 206.80
2018-06-30 665.20 781.70 192.90
2018-03-31 815.10 1,147.80 181.40
2017-12-31 815.93 810.35 206.59
2017-09-30 711.70 1,124.40 111.70
2017-06-30 718.00 1,094.00 190.00
2017-03-31 723.00 1,075.00 212.00
2016-12-31 718.81 889.45 174.37
2016-09-30 683.00 1,133.00 191.00
2016-06-30 663.00 1,124.00 148.00
2016-03-31 649.00 1,129.00 109.00
2015-12-31 645.34 860.60 126.14
2015-09-30 647.00 1,223.00 177.00
2015-06-30 636.00 1,152.00 108.00
2015-03-31 604.00 1,176.00 112.00
2014-12-31 637.59 905.76 105.33
2014-09-30 681.00 1,233.00 123.00
2014-06-30 705.00 1,241.00 130.00
2014-03-31 729.00 1,142.00 80.00
2013-12-31 759.48 975.65 93.28
2013-09-30 829.00 1,338.00 213.00
2013-06-30 832.00 1,352.00 235.00
2013-03-31 832.00 1,304.00 133.00
2012-12-31 914.27 1,069.71 169.86
2012-09-30 952.00 1,286.00 131.00
2012-06-30 966.00 1,208.00 162.00
  • Odfjell's level of debt (190.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (156.9% vs 190.4% today).
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.

  • Information is not available.
  • Unable to confirm if Odfjell has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Odfjell's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Odfjell has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Odfjell dividends. Estimated to be 2.69% next year.
If you bought NOK2,000 of Odfjell shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Odfjell's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Odfjell's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:ODFB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.7%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:ODFB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.14 4.00
2020-12-31 0.09 4.00
2019-12-31 0.00 3.00
OB:ODFB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.000 0.000
2019-03-25 0.000 0.000
2019-02-14 0.000 0.000
2018-03-16 0.171 4.881
2017-03-16 0.173 4.958
2014-02-13 0.000 0.000
2013-11-14 0.000 0.000
2013-08-23 0.000 0.000
2013-05-07 0.000 0.000
2013-04-30 0.000 0.000
2013-04-15 0.000 0.000
2013-02-14 0.000 0.000
2011-10-26 0.163 3.481
2010-11-17 0.000 0.000
2010-08-18 0.000 0.000
2010-05-04 0.000 0.000
2010-04-08 0.000 0.000
2010-02-08 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Odfjell has not reported any payouts.
  • Unable to verify if Odfjell's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Odfjell's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Odfjell has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Odfjell's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Odfjell afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Odfjell has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Odfjell's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kristian Mørch
COMPENSATION $1,078,000
AGE 51
TENURE AS CEO 3.8 years
CEO Bio

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 B.V. until May 1, 2016. Mr. Morch has been the Chairman of Seatruck Ferries Limited since May 7, 2015. He serves as a Director at Seatruck Ferries Limited. Mr. Morch served as a Director of Odfjell SE from May 7, 2014 to August 1, 2015.

CEO Compensation
  • Kristian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kristian's remuneration is higher than average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Odfjell management team in years:

2.4
Average Tenure
51
Average Age
  • The tenure for the Odfjell management team is about average.
Management Team

Laurence Odfjell

TITLE
Executive Chairman of the Board
COMPENSATION
$138K
AGE
53

Kristian Mørch

TITLE
Chief Executive Officer
COMPENSATION
$1M
AGE
51
TENURE
3.8 yrs

Terje Iversen

TITLE
Chief Financial Officer
COMPENSATION
$353K
AGE
49
TENURE
7.8 yrs

Harald Fotland

TITLE
Chief Operation Officer
COMPENSATION
$420K
AGE
54
TENURE
1.4 yrs

Øistein Jensen

TITLE
Chief of Staff
COMPENSATION
$282K
AGE
46
TENURE
3.3 yrs

Bjørn Røed

TITLE
Manager Investor Relations & Research

Geirmund Drivenes

TITLE
Global Head of Ship Management
TENURE
1.4 yrs

Bjørn Hammer

TITLE
Global Head of Tanker Trading
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Odfjell board of directors in years:

6.6
Average Tenure
58.5
Average Age
  • The tenure for the Odfjell board of directors is about average.
Board of Directors

Laurence Odfjell

TITLE
Executive Chairman of the Board
COMPENSATION
$138K
AGE
53
TENURE
9.1 yrs

Christine Rødsæther

TITLE
Director
COMPENSATION
$52K
AGE
54
TENURE
9.1 yrs

Åke Gregertsen

TITLE
Independent Director
COMPENSATION
$83K
AGE
63
TENURE
6.1 yrs

Jannicke Nilsson

TITLE
Director
COMPENSATION
$52K
AGE
53
TENURE
7.1 yrs

Hans N. Smits

TITLE
Director
COMPENSATION
$43K
AGE
68
TENURE
3.1 yrs

Åse Michelet

TITLE
Director
COMPENSATION
$29K
AGE
66
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Odfjell's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Odfjell has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. As of December 31, 2018, it operated a chemical tanker fleet of 83 vessels, including 33 owned, 8 bareboat chartered, 19 time chartered vessels, 13 leased, 5 pool vessels, and 5 on commercial management, as well as 2 LPG/ethylene carriers. The company's terminal network comprises of 553 tanks with 1.51 million cubic meters of storage capacity. It operates in Europe, North America, South America, the Middle East, Asia, Australia, Africa, and internationally. Odfjell SE was founded in 1914 and is headquartered in Bergen, Norway.

Details
Name: Odfjell SE
ODFB
Exchange: OB
Founded: 1914
NOK2,113,814,422
78,706,228
Website: http://www.odfjell.com
Address: Odfjell SE
Conrad Mohrs veg 29,
PO Box 6101,
Bergen,
Hordaland, 5892,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ODF Series A Shares Oslo Bors NO NOK 02. Jan 1992
OTCPK ODJA.F Series A Shares Pink Sheets LLC US USD 02. Jan 1992
DB O7F Series A Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OB ODFB Series B Shares Oslo Bors NO NOK 02. Jan 1992
DB O7F1 Series B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE ODFBO Series B Shares BATS 'Chi-X Europe' GB NOK 02. Jan 1992
Number of employees
Current staff
Staff numbers
2,530
Odfjell employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 20:54
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.