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OHT

OHTOB:OHT Stock Report

Market Cap

kr2.3b

7D

-4.8%

1Y

n/a

Updated

23 Sep, 2021

Data

Company Financials +
OHT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

OHT Overview

OHT ASA invests in and operates heavy transportation vessels worldwide.

Rewards

Trading at 95.3% below our estimate of its fair value

Earnings are forecast to grow 97.45% per year

Risk Analysis

No risks detected for OHT from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for OHT
Historical stock prices
Current Share Pricekr18.50
52 Week Highkr14.44
52 Week Lowkr24.60
Beta0
1 Month Change-5.52%
3 Month Change4.52%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-1.33%

Recent News & Updates

Shareholder Returns

OHTNO ShippingNO Market
7D-4.8%-4.4%0.5%
1Yn/a79.1%25.9%

Return vs Industry: Insufficient data to determine how OHT performed against the Norwegian Shipping industry.

Return vs Market: Insufficient data to determine how OHT performed against the Norwegian Market.

Price Volatility

Is OHT's price volatile compared to industry and market?
OHT volatility
OHT Beta0
Industry Beta1.1
Market Beta1

Stable Share Price: OHT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OHT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200632Torgeir Ramstadhttps://www.oht.no

OHT ASA invests in and operates heavy transportation vessels worldwide. It transports liftboats, cranes, jackets, barges, dredgers, modules, ship sections, offshore wind foundations, and other floating/non-floating cargoes, as well as jack-up’s and semi-submersible drilling rigs. The company owns and operates five open deck semi-submersible heavy transportation vessels.

OHT Fundamentals Summary

How do OHT's earnings and revenue compare to its market cap?
OHT fundamental statistics
Market CapUS$263.59m
Earnings (TTM)-US$6.28m
Revenue (TTM)US$55.94m

4.7x

P/S Ratio

-42.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OHT income statement (TTM)
RevenueUS$55.94m
Cost of RevenueUS$37.03m
Gross ProfitUS$18.91m
ExpensesUS$25.19m
Earnings-US$6.28m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)-0.055
Gross Margin33.81%
Net Profit Margin-11.22%
Debt/Equity Ratio9.4%

How did OHT perform over the long term?

See historical performance and comparison

Valuation

Is OHT 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: OHT (NOK18.5) is trading below our estimate of fair value (NOK394.54)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OHT is good value based on its PB Ratio (1.1x) compared to the NO Shipping industry average (1.3x).


Future Growth

How is OHT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

97.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: OHT's revenue (23.9% per year) is forecast to grow faster than the Norwegian market (5.7% per year).

High Growth Revenue: OHT's revenue (23.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OHT's Return on Equity is forecast to be low in 3 years time (14.6%).


Past Performance

How has OHT performed over the past 5 years?

-4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OHT is currently unprofitable.

Growing Profit Margin: OHT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OHT is unprofitable, and losses have increased over the past 5 years at a rate of 4.1% per year.

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

Earnings vs Industry: OHT is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (144.4%).


Return on Equity

High ROE: OHT has a negative Return on Equity (-2.74%), as it is currently unprofitable.


Financial Health

How is OHT's financial position?


Financial Position Analysis

Short Term Liabilities: OHT's short term assets ($36.2M) do not cover its short term liabilities ($47.1M).

Long Term Liabilities: OHT's short term assets ($36.2M) exceed its long term liabilities ($23.7M).


Debt to Equity History and Analysis

Debt Level: OHT's debt to equity ratio (9.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if OHT's debt to equity ratio has reduced 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: Insufficient data to determine if OHT has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if OHT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

5.3yrs

Average management tenure


CEO

Torgeir Ramstad (62 yo)

6.67yrs

Tenure

US$955,000

Compensation

Mr. Torgeir Egeland Ramstad serves as the Chief Executive Officer of OHT ASA. Mr. Ramstad has extensive top level management experience from offshore contracting, construction and marine operations in the...


CEO Compensation Analysis

Compensation vs Market: Torgeir's total compensation ($USD955.00K) is above average for companies of similar size in the Norwegian market ($USD501.99K).

Compensation vs Earnings: Insufficient data to compare Torgeir's compensation with company performance.


Leadership Team

Experienced Management: OHT's management team is seasoned and experienced (5.3 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: OHT only recently listed within the past 12 months.


Top Shareholders

Company Information

OHT ASA's employee growth, exchange listings and data sources


Key Information

  • Name: OHT ASA
  • Ticker: OHT
  • Exchange: OB
  • Founded: 2006
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr2.261b
  • Shares outstanding: 122.24m
  • Website: https://www.oht.no

Number of Employees


Location

  • OHT ASA
  • Haakon VIIs gate 1
  • 11th Floor
  • Oslo
  • Oslo
  • 161
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:40
End of Day Share Price2021/09/23 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.