Odfjell Drilling Ltd.

OTCPK:ODFJ.F Stock Report

Market Cap: US$1.1b

Odfjell Drilling Valuation

Is ODFJ.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ODFJ.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ODFJ.F ($4.45) is trading below our estimate of fair value ($29.56)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ODFJ.F?

Key metric: As ODFJ.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ODFJ.F. This is calculated by dividing ODFJ.F's market cap by their current earnings.
What is ODFJ.F's PE Ratio?
PE Ratio14.4x
EarningsUS$73.50m
Market CapUS$1.06b

Price to Earnings Ratio vs Peers

How does ODFJ.F's PE Ratio compare to its peers?

The above table shows the PE ratio for ODFJ.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.6x
PKDC Parker Drilling
2.9xn/aUS$357.3m
SDRL Seadrill
6.3x0.6%US$2.6b
VAL Valaris
3x-4.3%US$3.2b
HP Helmerich & Payne
10.1x2.0%US$3.4b
ODFJ.F Odfjell Drilling
14.4x53.8%US$11.7b

Price-To-Earnings vs Peers: ODFJ.F is expensive based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (5.6x).

Price to Earnings Ratio vs Industry

How does ODFJ.F's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NCSM NCS Multistage Holdings
1.3x-107.5%US$56.46m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
ODFJ.F 14.4xIndustry Avg. 16.0xNo. of Companies7PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODFJ.F is good value based on its Price-To-Earnings Ratio (14.4x) compared to the US Energy Services industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is ODFJ.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ODFJ.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ODFJ.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ODFJ.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.45
US$7.63
+71.6%
13.7%US$9.21US$6.32n/a4
Nov ’25n/a
US$7.62
0%
14.8%US$9.44US$6.46n/a4
Oct ’25n/a
US$7.60
0%
15.0%US$9.44US$6.46n/a4
Sep ’25n/a
US$7.61
0%
14.8%US$9.42US$6.49n/a4
Aug ’25n/a
US$6.63
0%
14.0%US$8.10US$5.62n/a4
Jul ’25n/a
US$6.63
0%
14.0%US$8.10US$5.62n/a4
Jun ’25n/a
US$6.66
0%
13.6%US$8.10US$5.72n/a4
May ’25n/a
US$5.84
0%
3.5%US$6.11US$5.60n/a4
Apr ’25n/a
US$5.43
0%
12.4%US$6.11US$4.31n/a4
Mar ’25n/a
US$5.44
0%
12.7%US$6.19US$4.31n/a4
Feb ’25n/a
US$4.97
0%
15.2%US$6.25US$4.31n/a4
Jan ’25n/a
US$4.98
0%
15.1%US$6.25US$4.31n/a4
Dec ’24US$3.19
US$4.43
+38.8%
4.2%US$4.58US$4.12n/a4
Nov ’24n/a
US$4.33
0%
4.4%US$4.62US$4.12n/a4
Oct ’24n/a
US$4.34
0%
4.8%US$4.66US$4.12n/a4
Sep ’24n/a
US$4.12
0%
8.5%US$4.66US$3.70n/a4
Aug ’24n/a
US$3.66
0%
7.0%US$3.95US$3.32n/a3
Jul ’24n/a
US$3.64
0%
5.3%US$3.84US$3.38n/a3
Jun ’24n/a
US$3.61
0%
6.3%US$3.84US$3.31n/a3
May ’24n/a
US$3.33
0%
12.1%US$3.84US$2.86n/a3
Apr ’24n/a
US$3.34
0%
12.0%US$3.84US$2.86n/a3
Mar ’24n/a
US$3.57
0%
12.6%US$4.13US$3.00n/a4
Feb ’24n/a
US$3.29
0%
14.7%US$4.13US$3.00n/a4
Jan ’24n/a
US$3.29
0%
14.7%US$4.13US$3.00n/a4
Dec ’23n/a
US$3.26
0%
15.3%US$4.13US$2.91US$3.194
Nov ’23n/a
US$3.33
0%
14.0%US$4.13US$2.96n/a4

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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