OTCPK:PRSE.Y

Stock Analysis Report

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Executive Summary

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels in Europe, South America, and internationally.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Prosafe's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRSE.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-30.3%

PRSE.Y

-7.1%

US Energy Services

-0.7%

US Market


1 Year Return

n/a

PRSE.Y

-57.3%

US Energy Services

5.3%

US Market

Return vs Industry: Insufficient data to determine how PRSE.Y performed against the US Energy Services industry.

Return vs Market: Insufficient data to determine how PRSE.Y performed against the US Market.


Shareholder returns

PRSE.YIndustryMarket
7 Day-30.3%-7.1%-0.7%
30 Day0.4%-10.4%4.6%
90 Dayn/a13.3%14.0%
1 Yearn/a-56.0%-57.3%7.6%5.3%
3 Year-96.1%-96.1%-70.0%-72.4%34.9%26.1%
5 Year-100.0%-100.0%-72.2%-77.3%62.3%44.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Prosafe undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Prosafe is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Prosafe has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of PRSE.Y’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Prosafe regulatory filings here.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

118.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRSE.Y is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRSE.Y is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRSE.Y is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PRSE.Y's revenue (1.6% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: PRSE.Y's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRSE.Y's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Prosafe performed over the past 5 years?

-52.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRSE.Y is currently unprofitable.

Growing Profit Margin: PRSE.Y is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRSE.Y is unprofitable, and losses have increased over the past 5 years at a rate of 52% per year.

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

Earnings vs Industry: PRSE.Y is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-58.7%).


Return on Equity

High ROE: PRSE.Y's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Prosafe's financial position?


Financial Position Analysis

Short Term Liabilities: PRSE.Y has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRSE.Y has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRSE.Y has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRSE.Y's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: PRSE.Y has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: PRSE.Y has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 30% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: PRSE.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PRSE.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Jesper Andresen (46yo)

3.42yrs

Tenure

US$487,000

Compensation

Mr. Jesper Kragh Andresen has been the Chief Executive Officer at Prosafe SE since February 08, 2017. Mr. Andresen has been the Chief Executive Officer of Axis Offshore Pte. Ltd. since 2012. Mr. Andresen h ...


CEO Compensation Analysis

Compensation vs Market: Jesper's total compensation ($USD487.00K) is about average for companies of similar size in the US market ($USD618.98K).

Compensation vs Earnings: Jesper's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jesper Andresen
Chief Executive Officer3.42yrsUS$487.00k0.10% $12.0k
Stig Christiansen
Deputy CEO & CFO4.92yrsUS$495.00k0.066% $7.7k
Ryan Stewart
Chief Commercial Officer1.5yrsUS$551.00k0.055% $6.5k
Cecilie Ouff
Senior Manager of Finance & Investor Relations7.08yrsno datano data
Elena Hajiroussou
Secretaryno datano datano data

4.2yrs

Average Tenure

47yo

Average Age

Experienced Management: PRSE.Y's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Birgit Aagaard-Svendsen
Independent Non-Executive Director3.33yrsUS$101.00k0.0037% $427.2
Kristian Johansen
Independent Non-Executive Director3.17yrsUS$86.00kno data
Svend Maier
Independent Non-Executive Director3.58yrsUS$86.00kno data
Glen Rødland
Independent Non-Executive Chairman4.17yrsUS$128.00kno data
Nina Tronstad
Independent Non-Executive Director1.17yrsUS$57.00kno data
Alf Thorkildsen
Independent Non-Executive Director0.17yrno datano data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: PRSE.Y's board of directors are considered experienced (3.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Prosafe SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prosafe SE
  • Ticker: PRSE.Y
  • Exchange: OTCPK
  • Founded: 1972
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr109.698m
  • Listing Market Cap: kr11.673m
  • Shares outstanding: 81.86m
  • Website: https://www.prosafe.com

Number of Employees


Location

  • Prosafe SE
  • Forusparken 2
  • Stavanger
  • Rogaland
  • 4031
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRSOB (Oslo Bors)YesOrdinary SharesNONOKApr 1997
1Q6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1997
PRSE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1997
PRSOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 1997
PRSE.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels in Europe, South America, and internationally. Its accommodation vessels are used for accommodation, engineering, construction, or storage capacity offshore. The company is also involved in the maintenance and modification of installations on fields for the production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning activities. It owns and operates a fleet of seven semi-submersible accommodation vessels and one tender support vessel. The company primarily serves oil and gas industries. Prosafe SE was founded in 1972 and is based in Stavanger, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 00:28
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
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.