OB:RISH

Stock Analysis Report

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Executive Summary

GC Rieber Shipping ASA engages in the design, development, construction, and maritime operation of specialized vessels within the offshore/shipping business in Norway, Great Britain, Africa, and the Netherlands. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has GC Rieber Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RISH is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RISH's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

RISH

-0.7%

NO Shipping

-0.6%

NO Market


1 Year Return

-29.0%

RISH

-4.7%

NO Shipping

0.4%

NO Market

Return vs Industry: RISH underperformed the Norwegian Shipping industry which returned -4.7% over the past year.

Return vs Market: RISH underperformed the Norwegian Market which returned -0.6% over the past year.


Shareholder returns

RISHIndustryMarket
7 Day0.7%-0.7%-0.6%
30 Day19.1%14.0%13.9%
90 Day18.1%22.1%7.8%
1 Year-29.0%-29.0%3.0%-4.7%4.1%0.4%
3 Year-25.6%-33.8%-23.4%-35.7%8.5%-3.7%
5 Year-12.4%-22.2%12.2%-0.3%58.0%26.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GC Rieber Shipping undervalued compared to its fair value and its price relative to the market?

42.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RISH (NOK6.85) is trading below our estimate of fair value (NOK11.9)

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


Price To Earnings Ratio

PE vs Industry: RISH is unprofitable, so we can't compare its PE Ratio to the NO Shipping industry average.

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


Price to Book Ratio

PB vs Industry: RISH is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.8x).


Next Steps

Future Growth

How is GC Rieber Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

67.1%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GC Rieber Shipping has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GC Rieber Shipping performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RISH is currently unprofitable.

Growing Profit Margin: RISH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RISH is unprofitable, but has reduced losses over the past 5 years at a rate of 16.6% per year.

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

Earnings vs Industry: RISH is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-34.3%).


Return on Equity

High ROE: RISH has a negative Return on Equity (-30.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is GC Rieber Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: RISH's short term assets (NOK324.9M) exceed its short term liabilities (NOK59.3M).

Long Term Liabilities: RISH's short term assets (NOK324.9M) do not cover its long term liabilities (NOK891.7M).


Debt to Equity History and Analysis

Debt Level: RISH's debt to equity ratio (61.4%) is considered high.

Reducing Debt: RISH's debt to equity ratio has reduced from 98.6% to 61.4% 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: Whilst unprofitable RISH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RISH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.1% per year.


Next Steps

Dividend

What is GC Rieber Shipping current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: RISH is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

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

2.1yrs

Average management tenure


CEO

Einar Ytredal (43 yo)

2.17yrs

Tenure

kr2,741,000

Compensation

Mr. Einar Ytredal has been Chief Executive Officer of GC Rieber Shipping ASA since November 12, 2018. Mr. Ytredal has served as the Chief Financial Officer of GC Rieber Shipping ASA since September 2011 un...


CEO Compensation Analysis

Compensation vs Market: Einar's total compensation ($USD308.51K) is about average for companies of similar size in the Norwegian market ($USD375.58K).

Compensation vs Earnings: Einar's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Einar Ytredal
Chief Executive Officer2.17yrskr2.74m0.031%
NOK 184.9k
Øystein Kvåle
Chief Financial Officer2yrskr1.53m0.017%
NOK 102.8k
Jan Myran
Chief Operating Officerno datakr1.74m0.0023%
NOK 13.7k
Bjørn Valberg
Technical Director18.83yrskr1.24m0.013%
NOK 75.4k
Christoffer Knudsen
Chief Commercial Officer2yrskr1.66m0.0062%
NOK 36.3k
Eilert Nøttingnes
Head of QHSEno datakr1.19m0.0023%
NOK 13.7k
Benedicte Breistein
Head of Crewingno datakr879.00kno data
Silje Søgnen
Group Financial Controllerno datano datano data

2.1yrs

Average Tenure

Experienced Management: RISH's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul-Christian Rieber
Chairmanno datakr300.00k0.80%
NOK 4.7m
Trygve Bruland
Independent Director4.58yrskr200.00k0.12%
NOK 685.0k
Bodil Steinhaug
Independent Director3.58yrskr150.00k0.012%
NOK 68.5k
Morten Krohnstad
Independent Vice Chairman2.58yrskr200.00kno data

3.6yrs

Average Tenure

Experienced Board: RISH's board of directors are considered experienced (3.6 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

GC Rieber Shipping ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GC Rieber Shipping ASA
  • Ticker: RISH
  • Exchange: OB
  • Founded: 1879
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr589.323m
  • Shares outstanding: 86.03m
  • Website: https://www.gcrieber-shipping.com

Number of Employees


Location

  • GC Rieber Shipping ASA
  • Solheimsgaten 15
  • Bergen
  • Hordaland
  • 5058
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RISHOB (Oslo Bors)YesOrdinary SharesNONOKMay 1998
0FTHLSE (London Stock Exchange)YesOrdinary SharesGBNOKMay 1998
RISHOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 1998

Biography

GC Rieber Shipping ASA engages in the design, development, construction, and maritime operation of specialized vessels within the offshore/shipping business in Norway, Great Britain, Africa, and the Nether...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 17:20
End of Day Share Price2020/11/30 00:00
Earnings2020/09/30
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.