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.
+ 1 more risk
Fair value with imperfect balance sheet.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RISH exceeded the Norwegian Shipping industry which returned -2.1% over the past year.
Return vs Market: RISH exceeded the Norwegian Market which returned -0.7% over the past year.
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
1 week ago | Simply Wall StIs GC Rieber Shipping (OB:RISH) Using Debt Sensibly?
2 months ago | Simply Wall StWe're Not So Sure You Should Rely on GC Rieber Shipping's (OB:RISH) Statutory Earnings
1 year ago | Simply Wall StWhat Does GC Rieber Shipping ASA's (OB:RISH) Ownership Structure Look Like?
Is GC Rieber Shipping undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RISH (NOK10.3) is trading below our estimate of fair value (NOK62.52)
Significantly Below Fair Value: RISH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RISH is poor value based on its PE Ratio (60.6x) compared to the Shipping industry average (11.9x).
PE vs Market: RISH is poor value based on its PE Ratio (60.6x) compared to the Norwegian market (15.3x).
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 (0.5x) compared to the NO Shipping industry average (0.6x).
How is GC Rieber Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether GC Rieber Shipping is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- GC Rieber Shipping competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
How has GC Rieber Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RISH has a large one-off gain of NOK97.7M impacting its December 31 2019 financial results.
Growing Profit Margin: RISH's current net profit margins (7.1%) are lower than last year (71.8%).
Past Earnings Growth Analysis
Earnings Trend: RISH has become profitable over the past 5 years, growing earnings by 37.1% per year.
Accelerating Growth: RISH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RISH had negative earnings growth (-90.3%) over the past year, making it difficult to compare to the Shipping industry average (-13.5%).
Return on Equity
High ROE: RISH's Return on Equity (0.8%) is considered low.
Return on Assets
Return on Capital Employed
How is GC Rieber Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: RISH's short term assets (NOK265.5M) exceed its short term liabilities (NOK54.1M).
Long Term Liabilities: RISH's short term assets (NOK265.5M) do not cover its long term liabilities (NOK1.1B).
Debt to Equity History and Analysis
Debt Level: RISH's debt to equity ratio (64%) is considered high.
Reducing Debt: RISH's debt to equity ratio has reduced from 101.4% to 64% over the past 5 years.
Inventory Level: RISH has a high level of physical assets or inventory.
Debt Coverage by Assets: RISH's debt is not covered by short term assets (assets are 0.2x debt).
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: RISH is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: RISH is profitable, therefore cash runway is not a concern.
What is GC Rieber Shipping's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate RISH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RISH's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Einar Ytredal (42yo)
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 No ...
CEO Compensation Analysis
Compensation vs Market: Einar's total compensation ($USD252.53K) is below average for companies of similar size in the Norwegian market ($USD401.15K).
Compensation vs Earnings: Einar's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||1.4yrs||kr2.34m||0.031% NOK278.0k|
|Chief Financial Officer||1.3yrs||kr1.28m||0.017% NOK154.5k|
|Chief Operating Officer||0yrs||kr1.68m||0.0023% NOK20.6k|
|Technical Director||18.1yrs||kr1.21m||0.013% NOK113.3k|
|Chief Commercial Officer||1.3yrs||kr1.45m||0.0062% NOK54.6k|
|Head of QHSE||0yrs||kr1.11m||0.0023% NOK20.6k|
|Head of Crewing||0yrs||kr842.00k||no data|
|Group Financial Controller||0yrs||no data||0.0017% NOK15.4k|
Experienced Management: RISH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Independent Director||0yrs||kr150.00k||no data|
|Independent Director||3.8yrs||kr200.00k||0.12% NOK1.0m|
|Independent Director||2.8yrs||kr150.00k||0.012% NOK103.0k|
|Vice Chairman||1.8yrs||kr150.00k||no data|
Experienced Board: RISH's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 53.4%.
GC Rieber Shipping ASA's company bio, employee growth, exchange listings and data sources
- Name: GC Rieber Shipping ASA
- Ticker: RISH
- Exchange: OB
- Founded: 1879
- Industry: Marine
- Sector: Transportation
- Market Cap: kr886.135m
- Shares outstanding: 86.03m
- Website: https://www.gcrieber-shipping.com
Number of Employees
- GC Rieber Shipping ASA
- Solheimsgaten 15
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RISH||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 1998|
|0FTH||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 1998|
|RISHO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 1998|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 21:22|
|End of Day Share Price||2020/02/21 00:00|
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.