Loading...

GC Rieber Shipping

OB:RISH
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RISH
OB
NOK792M
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

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. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
RISH Share Price and Events
7 Day Returns
-6.1%
OB:RISH
-1.9%
NO Shipping
-1.4%
NO Market
1 Year Returns
10.8%
OB:RISH
-27.8%
NO Shipping
-9.6%
NO Market
RISH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GC Rieber Shipping (RISH) -6.1% 9.5% 2.2% 10.8% -18.2% -77%
NO Shipping -1.9% -10.4% -11.2% -27.8% 3.2% -42.7%
NO Market -1.4% -3.8% -7.9% -9.6% 28.1% 7.3%
1 Year Return vs Industry and Market
  • RISH outperformed the Shipping industry which returned -27.8% over the past year.
  • RISH outperformed the Market in Norway which returned -9.6% over the past year.
Price Volatility
RISH
Industry
5yr Volatility vs Market

RISH Value

 Is GC Rieber Shipping 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 GC Rieber Shipping 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 GC Rieber Shipping.

OB:RISH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
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:RISH
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))
= 0.693 (1 + (1- 23%) (151.86%))
1.337
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.337 * 5.96%)
9.73%

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

The calculations below outline how an intrinsic value for GC Rieber Shipping 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:RISH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 9.73%)
2019 13.97 Est @ 63.69% 12.73
2020 20.28 Est @ 45.11% 16.84
2021 26.79 Est @ 32.11% 20.28
2022 32.95 Est @ 23% 22.73
2023 38.43 Est @ 16.63% 24.16
2024 43.10 Est @ 12.17% 24.70
2025 47.00 Est @ 9.05% 24.55
2026 50.23 Est @ 6.86% 23.90
2027 52.91 Est @ 5.33% 22.95
2028 55.16 Est @ 4.26% 21.80
Present value of next 10 years cash flows NOK214.64
OB:RISH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK55.16 × (1 + 1.76%) ÷ (9.73% – 1.76%)
NOK704.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK704.64 ÷ (1 + 9.73%)10
NOK278.54
OB:RISH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK214.64 + NOK278.54
NOK493.18
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK493.18 / 86.03
NOK5.73
OB:RISH Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK5.73
Current discount Discount to share price of NOK9.20
= -1 x (NOK9.20 - NOK5.73) / NOK5.73
-60.5%

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

  • The current share price of GC Rieber Shipping is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 GC Rieber Shipping's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GC Rieber Shipping's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:RISH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK1.65
OB:RISH Share Price ** OB (2019-06-18) in NOK NOK9.2
Norway Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 10.37x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.36x

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

** Primary Listing of GC Rieber Shipping.

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

= OB:RISH Share Price ÷ EPS (both in NOK)

= 9.2 ÷ 1.65

5.59x

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

  • GC Rieber Shipping is good value based on earnings compared to the NO Shipping industry average.
  • GC Rieber Shipping is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does GC Rieber Shipping's expected growth come at a high price?
Raw Data
OB:RISH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.51x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.85x

*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 GC Rieber Shipping, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GC Rieber Shipping's assets?
Raw Data
OB:RISH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK18.47
OB:RISH Share Price * OB (2019-06-18) in NOK NOK9.2
Norway Shipping Industry PB Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.55x
Norway Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.07x
OB:RISH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:RISH Share Price ÷ Book Value per Share (both in NOK)

= 9.2 ÷ 18.47

0.5x

* Primary Listing of GC Rieber Shipping.

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

  • GC Rieber Shipping is good value based on assets compared to the NO Shipping industry average.
X
Value checks
We assess GC Rieber Shipping'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. GC Rieber Shipping 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.

RISH Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
40.5%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GC Rieber Shipping expected to grow at an attractive rate?
  • Unable to compare GC Rieber Shipping's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GC Rieber Shipping's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare GC Rieber Shipping's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:RISH Future Growth Rates Data Sources
Data Point Source Value (per year)
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 40.5%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:RISH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:RISH Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 221 40 103
2018-12-31 206 31 148
2018-09-30 186 10 -203
2018-06-30 195 -59 -114
2018-03-31 223 -23 -123
2017-12-31 231 8 -130
2017-09-30 205 -8 -210
2017-06-30 189 31 -287
2017-03-31 134 -55 -333
2016-12-31 178 -140 -361
2016-09-30 149 13 -249
2016-06-30 309 102 -212

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GC Rieber Shipping is high growth as no earnings estimate data is available.
  • Unable to determine if GC Rieber Shipping is high growth as no revenue estimate data is available.
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:RISH 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 0 Analyst Estimates (S&P Global) See Below

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

OB:RISH Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31 1.65
2018-12-31 2.68
2018-09-30 -4.63
2018-06-30 -2.26
2018-03-31 -2.61
2017-12-31 -2.98
2017-09-30 -4.82
2017-06-30 -6.58
2017-03-31 -7.63
2016-12-31 -8.26
2016-09-30 -5.70
2016-06-30 -4.85

*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.
  • Unable to establish if GC Rieber Shipping will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether GC Rieber Shipping is trading at GC Rieber Shipping'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. GC Rieber Shipping's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. GC Rieber Shipping's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess GC Rieber Shipping'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.
GC Rieber Shipping has a total score of 0/6, 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.

RISH Past Performance

  How has GC Rieber Shipping 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 GC Rieber Shipping'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.
  • GC Rieber Shipping's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • GC Rieber Shipping has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • GC Rieber Shipping has become profitable in the last year making it difficult to compare the NO Shipping industry average.
Earnings and Revenue History
GC Rieber Shipping'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 GC Rieber Shipping Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:RISH Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 220.51 102.76 58.17
2018-12-31 206.23 148.14 58.17
2018-09-30 186.36 -202.66 57.30
2018-06-30 195.03 -113.60 57.30
2018-03-31 223.14 -122.83 57.30
2017-12-31 231.11 -130.07 57.30
2017-09-30 205.13 -210.00 62.13
2017-06-30 188.55 -287.41 62.13
2017-03-31 133.91 -333.26 62.13
2016-12-31 178.25 -360.61 62.13
2016-09-30 149.33 -248.89 77.01
2016-06-30 308.61 -212.15 77.01
2016-03-31 801.60 -365.15 77.01
2015-12-31 427.14 -73.96 77.01
2015-09-30 682.12 -236.18 86.56
2015-06-30 689.53 -184.37 86.56
2015-03-31 866.51 -157.54 86.56
2014-12-31 803.03 -80.07 86.56
2014-09-30 710.22 58.24 82.46
2014-06-30 691.52 450.28 82.46
2014-03-31 665.11 401.02 82.46
2013-12-31 685.85 371.02 82.46
2013-09-30 740.64 535.20 105.45
2013-06-30 730.92 156.37 105.45
2013-03-31 741.00 219.15 105.45
2012-12-31 721.59 199.17 105.45
2012-09-30 690.31 124.27 123.19
2012-06-30 655.45 114.23 123.19

*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.
  • GC Rieber Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GC Rieber Shipping used its assets more efficiently than the NO Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if GC Rieber Shipping 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 GC Rieber Shipping'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.
GC Rieber Shipping has a total score of 1/6, 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.

RISH Health

 How is GC Rieber Shipping'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 GC Rieber Shipping's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GC Rieber Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GC Rieber Shipping's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GC Rieber Shipping'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 GC Rieber Shipping Company Filings, last reported 2 months ago.

OB:RISH Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,589.20 1,201.95 168.82
2018-12-31 1,711.08 1,219.75 204.16
2018-09-30 1,110.95 1,152.79 114.10
2018-06-30 1,160.51 1,154.85 108.22
2018-03-31 1,117.81 1,105.36 129.72
2017-12-31 1,139.64 1,240.22 107.75
2017-09-30
2017-06-30 1,219.50 1,252.99 153.92
2017-03-31 1,326.65 1,345.46 208.21
2016-12-31 1,326.65 1,345.46 208.21
2016-09-30 1,435.83 1,176.75 513.74
2016-06-30 1,725.03 2,727.33 577.61
2016-03-31 2,156.61 2,799.67 649.96
2015-12-31 2,381.43 3,154.68 630.64
2015-09-30 2,682.52 2,626.45 335.18
2015-06-30 2,478.64 2,446.62 289.67
2015-03-31 2,428.46 2,193.21 459.23
2014-12-31 2,304.24 2,340.10 506.93
2014-09-30 2,271.81 1,868.85 439.68
2014-06-30 2,138.10 1,840.81 477.65
2014-03-31 2,232.42 1,834.99 712.79
2013-12-31 2,197.96 1,445.16 691.28
2013-09-30 2,247.42 1,365.25 792.54
2013-06-30 1,808.79 1,469.51 355.08
2013-03-31 1,795.09 1,606.33 237.85
2012-12-31 1,795.09 1,606.33 237.85
2012-09-30 1,751.48 1,569.27 272.13
2012-06-30 1,749.15 1,633.30 242.59
  • GC Rieber Shipping's level of debt (75.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.2% vs 75.6% today).
  • Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on GC Rieber Shipping's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess GC Rieber Shipping'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. GC Rieber Shipping has a total score of 2/6, 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.

RISH Dividends

 What is GC Rieber Shipping'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 GC Rieber Shipping dividends.
If you bought NOK2,000 of GC Rieber Shipping 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 GC Rieber Shipping's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GC Rieber Shipping'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:RISH 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 0 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.8%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.6%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.6%
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:RISH Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2016-11-09 0.000 0.000
2016-08-31 0.000 0.000
2016-05-12 0.000 0.000
2016-03-18 0.000 0.000
2016-02-19 0.000 0.000
2015-03-19 0.500 3.621
2015-02-18 0.500 1.805
2014-03-20 1.000 2.542
2014-02-24 1.000 1.955
2013-03-22 1.000 2.410
2013-02-25 1.000 2.215
2012-03-22 0.500 1.512
2011-03-10 0.500 1.730
2011-02-24 0.500 1.720
2010-03-25 0.300 0.976
2010-03-01 0.300 0.917

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

  • Unable to perform a dividend volatility check as GC Rieber Shipping has not reported any payouts.
  • Unable to verify if GC Rieber Shipping's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GC Rieber Shipping's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GC Rieber Shipping has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GC Rieber Shipping'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 GC Rieber Shipping afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GC Rieber Shipping has a total score of 0/6, see the detailed checks below.


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

RISH Management

 What is the CEO of GC Rieber Shipping'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
Einar Ytredal
COMPENSATION NOK2,343,000
AGE 41
TENURE AS CEO 0.8 years
CEO Bio

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 November 12, 2018 and served as its Acting Chief Executive Officer since September 14, 2018 until November 12, 2018. Previously, Mr. Ytredal served as Interim Chief Executive Officer of GC Rieber Shipping ASA since November, 2016 until August 2017. Mr. Ytredal served as Vice President of Finance of GC Rieber Shipping at GC Rieber AS. He has been with the GC Rieber Shipping company since 2007. He served for seven years at Deloitte. He serves as Director of Octio As. He serves as board member in various subsidiaries in the GC Rieber Shipping Group. Mr. Ytredal holds a Master of Science in Economics and Business Administration and also a Master of Science in Accounting and Auditing.

CEO Compensation
  • Einar's compensation has increased in line with GC Rieber Shipping recently becoming profitable.
  • Einar's remuneration is about average for companies of similar size in Norway.
Management Team Tenure

Average tenure of the GC Rieber Shipping management team in years:

0.7
Average Tenure
  • The average tenure for the GC Rieber Shipping management team is less than 2 years, this suggests a new team.
Management Team

Einar Ytredal

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
41
TENURE
0.8 yrs

Øystein Kvåle

TITLE
Chief Financial Officer
COMPENSATION
NOK1M
TENURE
0.6 yrs

Jan Myran

TITLE
Chief Operating Officer
COMPENSATION
NOK2M

Bjørn Valberg

TITLE
Technical Director
COMPENSATION
NOK1M
AGE
64
TENURE
17.4 yrs

Christoffer Knudsen

TITLE
Chief Commercial Officer
COMPENSATION
NOK1M
TENURE
0.6 yrs

Eilert Nøttingnes

TITLE
Head of QHSE
COMPENSATION
NOK1M

Benedicte Breistein

TITLE
Head of Crewing
COMPENSATION
NOK842K

Silje Søgnen

TITLE
Group Financial Controller
Board of Directors Tenure

Average tenure of the GC Rieber Shipping board of directors in years:

2.2
Average Tenure
  • The average tenure for the GC Rieber Shipping board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul-Christian Rieber

TITLE
Chairman
COMPENSATION
NOK225K
AGE
60

Morten Krohnstad

TITLE
Vice Chairman
COMPENSATION
NOK150K
TENURE
1.2 yrs

Tove Lunde

TITLE
Director
COMPENSATION
NOK150K
AGE
44

Trygve Bruland

TITLE
Director
COMPENSATION
NOK200K
TENURE
3.2 yrs

Bodil Steinhaug

TITLE
Director
COMPENSATION
NOK150K
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
17. Dec 18 Buy Silje Søgnen Individual 17. Dec 18 17. Dec 18 1,500 NOK8.30 NOK12,450
17. Dec 18 Buy Jan Myran Individual 17. Dec 18 17. Dec 18 2,000 NOK8.30 NOK16,600
17. Dec 18 Buy Mari Hermansen Individual 17. Dec 18 17. Dec 18 1,900 NOK8.30 NOK15,770
17. Dec 18 Buy Eilert Nøttingnes Individual 17. Dec 18 17. Dec 18 2,000 NOK8.30 NOK16,600
17. Dec 18 Buy Christoffer Knudsen Individual 17. Dec 18 17. Dec 18 5,300 NOK8.30 NOK43,990
17. Dec 18 Buy Bodil Steinhaug Individual 17. Dec 18 17. Dec 18 10,000 NOK8.30 NOK83,000
17. Dec 18 Buy Øystein Kvåle Individual 17. Dec 18 17. Dec 18 15,000 NOK8.30 NOK124,500
17. Dec 18 Buy Trygve Bruland Individual 17. Dec 18 17. Dec 18 30,000 NOK8.30 NOK249,000
17. Dec 18 Buy Einar Ytredal Individual 17. Dec 18 17. Dec 18 15,000 NOK8.30 NOK124,500
22. Aug 18 Buy Cosimo As Company 22. Aug 18 22. Aug 18 70,000 NOK11.68 NOK817,600
X
Management checks
We assess GC Rieber Shipping'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. GC Rieber Shipping 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.

RISH News

Simply Wall St News

What Does GC Rieber Shipping ASA's (OB:RISH) Ownership Structure Look Like?

In this analysis, my focus will be on developing a perspective on GC Rieber Shipping ASA’s (OB:RISH) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Check out our latest analysis for GC Rieber Shipping

Simply Wall St -

Why GC Rieber Shipping ASA's (OB:RISH) Ownership Structure Is Important

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors should dig deeper into RISH's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in RISH is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

GC Rieber Shipping ASA (OB:RISH): What Does It Mean For Your Portfolio?

RISH’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … With a market cap of ØRE473.06M, RISH falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … As a result, this aspect of RISH indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

What Investors Should Know About GC Rieber Shipping ASA's (OB:RISH) Financial Strength

With this debt repayment, RISH currently has ØRE51.05M remaining in cash and short-term investments for investing into the business. … Additionally, RISH has generated ØRE15.93M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 1.29%, signalling that RISH’s debt is not appropriately covered by operating cash. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: RISH’s high debt level indicates room for improvement.

Simply Wall St -

Did GC Rieber Shipping ASA's (OB:RISH) Recent Earnings Growth Beat The Trend?

View our latest analysis for GC Rieber Shipping How RISH fared against its long-term earnings performance and its industry I prefer to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … OB:RISH Income Statement Mar 15th 18 We can further analyze GC Rieber Shipping's loss by looking at what the industry has been experiencing over the past few years. … This means despite the fact that GC Rieber Shipping is currently loss-making, whatever recent headwind the industry is experiencing, GC Rieber Shipping is less exposed compared to its peers.What does this mean?

Simply Wall St -

RISH Company Info

Description

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. It operates through Subsea and Ice/Support segments. The Subsea segment owns and operates subsea vessels that are primarily used for construction, inspection, maintenance, and repair of subsea installations. The Ice/Support segment owns and operates a vessel within ice/support that provides services for scientific expeditions and logistics operations, as well as for the oil and gas sector. The company operates 11 vessels and has direct and indirect ownership of 23 advanced special purpose vessels. It also provides marine ship management and project development services. The company was founded in 1879 and is headquartered in Bergen, Norway. GC Rieber Shipping ASA is a subsidiary of GC Rieber AS.

Details
Name: GC Rieber Shipping ASA
RISH
Exchange: OB
Founded: 1879
NOK791,501,852
86,032,810
Website: http://www.gcrieber-shipping.com
Address: GC Rieber Shipping ASA
Solheimsgaten 15,
Bergen,
Hordaland, 5058,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB RISH Ordinary Shares Oslo Bors NO NOK 29. May 1998
BATS-CHIXE RISHO Ordinary Shares BATS 'Chi-X Europe' GB NOK 29. May 1998
Number of employees
Current staff
Staff numbers
31
GC Rieber Shipping employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 21:02
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/05/14
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.