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Prosafe

OTCPK:PRSE.Y
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRSE.Y
OTCPK
NOK1B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. The last earnings update was 29 days ago. More info.


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PRSE.Y Share Price and Events
7 Day Returns
0%
OTCPK:PRSE.Y
0.4%
US Energy Services
-0%
US Market
1 Year Returns
-
OTCPK:PRSE.Y
-25.7%
US Energy Services
2%
US Market
PRSE.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosafe (PRSE.Y) 0% 0% 0% - -97.8% -99.7%
US Energy Services 0.4% 1.9% 0.9% -25.7% -34.9% -61.1%
US Market -0% 3.4% 4.4% 2% 40.6% 40.1%
1 Year Return vs Industry and Market
  • No trading data on PRSE.Y.
  • No trading data on PRSE.Y.
Price Volatility
PRSE.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Prosafe's competitors could be found in our database.

PRSE.Y Value

 Is Prosafe 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
  • It is not possible to calculate the future cash flow value for Prosafe. This is due to cash flow or dividend data being unavailable. The share price is $1.9.
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 Prosafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosafe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PRSE.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.41
OB:PRS Share Price ** OB (2018-12-06) in NOK NOK15.5
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $1.79
United States of America Energy Services Industry PE Ratio Median Figure of 28 Publicly-Listed Energy Services Companies 14.9x
United States of America Market PE Ratio Median Figure of 3,040 Publicly-Listed Companies 17.72x

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

** Primary Listing of Prosafe.

OTCPK:PRSE.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:PRS Share Price ÷ EPS (both in USD)

= 1.79 ÷ -1.41

-1.27x

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

  • Prosafe is loss making, we can't compare its value to the US Energy Services industry average.
  • Prosafe is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Prosafe's expected growth come at a high price?
Raw Data
OTCPK:PRSE.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
13.9%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 24 Publicly-Listed Energy Services Companies 0.65x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.49x

*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 Prosafe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prosafe's assets?
Raw Data
OTCPK:PRSE.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.96
OB:PRS Share Price * OB (2018-12-06) in NOK NOK15.5
OB:PRS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $1.79
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,136 Publicly-Listed Companies 1.87x
OTCPK:PRSE.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:PRS Share Price ÷ Book Value per Share (both in USD)

= 1.79 ÷ 4.96

0.36x

* Primary Listing of Prosafe.

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

  • Prosafe is good value based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Prosafe'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. Prosafe has a total score of 1/6, 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.

PRSE.Y Future Performance

 How is Prosafe expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosafe expected to grow at an attractive rate?
  • Unable to compare Prosafe's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Prosafe's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Prosafe's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PRSE.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PRSE.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 13.9%
OTCPK:PRSE.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 0%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 39.5%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
OTCPK:PRSE.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PRSE.Y Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 313 49 -80 3
2020-12-31 314 116 -70 7
2019-12-31 260 102 -83 6
OTCPK:PRSE.Y Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 331 147 -115
2018-09-30 310 166 -49
2018-06-30 306 158 -572
2018-03-31 267 134 -612
2017-12-31 260 156 -647
2017-09-30 269 179 -720
2017-06-30 329 241 117
2017-03-31 383 266 155
2016-12-31 410 186 173
2016-09-30 408 150 62
2016-06-30 433 81 -86
2016-03-31 410 102 -79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosafe is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Prosafe's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:PRSE.Y 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 7 Analyst Estimates (S&P Global) See Below

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

OTCPK:PRSE.Y Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -1.28 -1.00 -1.55 2.00
2020-12-31 -0.81 -0.28 -1.28 6.00
2019-12-31 -0.97 -0.77 -1.30 5.00
OTCPK:PRSE.Y Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.41
2018-09-30 -0.61
2018-06-30 -7.47
2018-03-31 -8.24
2017-12-31 -8.98
2017-09-30 -10.32
2017-06-30 2.13
2017-03-31 4.10
2016-12-31 8.36
2016-09-30 12.35
2016-06-30 -34.23
2016-03-31 -35.87

*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 Prosafe will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Prosafe'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Prosafe 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.

PRSE.Y Past Performance

  How has Prosafe 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 Prosafe's growth in the last year to its industry (Energy Services).
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.
  • Prosafe does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Prosafe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Prosafe's 1-year growth to the US Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Prosafe'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 Prosafe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PRSE.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 330.80 -114.50
2018-09-30 310.30 -48.70 71.40
2018-06-30 305.60 -571.70 71.40
2018-03-31 267.00 -612.10 71.40
2017-12-31 259.90 -647.10 71.40
2017-09-30 268.50 -719.80 86.70
2017-06-30 329.40 117.10 86.70
2017-03-31 383.10 155.30 86.70
2016-12-31 410.40 172.60 86.70
2016-09-30 408.20 62.30 93.10
2016-06-30 432.50 -86.40 93.10
2016-03-31 409.60 -79.40 93.10
2015-12-31 430.80 -50.60 93.10
2015-09-30 466.20 143.40 103.00
2015-06-30 481.60 157.60 103.00
2015-03-31 522.50 187.50 103.00
2014-12-31 490.00 178.80 103.00
2014-09-30 484.20 187.50 93.10
2014-06-30 474.10 205.30 93.10
2014-03-31 484.20 218.10 93.10
2013-12-31 478.30 199.10 93.10
2013-09-30 497.00 181.70 91.80
2013-06-30 479.90 148.30 91.80
2013-03-31 465.70 129.30 91.80
2012-12-31 505.60 177.50 91.80
2012-09-30 519.00 171.70 87.90
2012-06-30 508.50 182.70 87.90
2012-03-31 504.20 198.70 87.90

*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.
  • It is difficult to establish if Prosafe has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Prosafe used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Prosafe 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 Prosafe'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 Energy Services 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.
Prosafe has a total score of 0/6, 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.

PRSE.Y Health

 How is Prosafe'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 Prosafe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosafe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prosafe's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prosafe'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 0.1x 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 Prosafe Company Filings, last reported 2 months ago.

OTCPK:PRSE.Y Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 400.20 1,243.00 140.30
2018-09-30 423.10 1,390.00 266.10
2018-06-30 496.30 1,344.60 274.60
2018-03-31 486.50 1,343.30 254.00
2017-12-31 497.60 1,387.10 226.60
2017-09-30 455.60 1,347.60 207.80
2017-06-30 1,085.30 1,353.60 218.80
2017-03-31 1,114.20 1,384.20 250.60
2016-12-31 1,129.50 1,442.10 205.50
2016-09-30 1,077.00 1,426.30 183.40
2016-06-30 678.50 1,716.70 68.20
2016-03-31 682.50 1,721.70 71.00
2015-12-31 715.20 1,295.50 56.90
2015-09-30 777.10 1,307.90 85.20
2015-06-30 760.60 1,218.60 94.90
2015-03-31 745.10 1,128.80 151.40
2014-12-31 748.50 869.10 122.20
2014-09-30 726.60 919.40 145.60
2014-06-30 690.60 876.60 77.40
2014-03-31 701.50 786.50 57.60
2013-12-31 739.70 780.50 113.30
2013-09-30 705.70 731.70 118.00
2013-06-30 660.60 729.80 78.50
2013-03-31 612.80 689.60 81.50
2012-12-31 516.30 846.70 118.10
2012-09-30 500.40 764.70 103.20
2012-06-30 482.90 747.40 73.40
2012-03-31 483.10 749.00 88.90
  • Prosafe's level of debt (310.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105.6% vs 310.6% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Prosafe is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Prosafe'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. Prosafe has a total score of 1/6, 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.

PRSE.Y Dividends

 What is Prosafe'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 Prosafe dividends. Estimated to be 0% next year.
If you bought $2,000 of Prosafe shares you are expected to receive $0 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 Prosafe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prosafe'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
OTCPK:PRSE.Y 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 7 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2002 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PRSE.Y Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 3.00
2020-12-31 0.00 7.00
2019-12-31 0.00 7.00
OTCPK:PRSE.Y Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-02 0.000 0.000
2017-08-24 0.000 0.000
2017-05-11 0.000 0.000
2017-04-06 0.000 0.000
2017-02-09 0.000 0.000
2016-08-24 0.000 0.000
2016-05-12 0.000 0.000
2016-04-27 0.000 0.000
2016-02-04 0.000 0.000
2015-04-14 53.300 19.407
2015-02-09 53.300 17.540
2014-08-21 64.000 16.273
2014-05-28 64.000 8.154
2014-02-10 64.000 8.128
2013-11-07 60.000 8.176
2013-08-22 60.000 7.013
2013-05-14 60.000 6.305
2013-02-08 60.000 6.123
2012-08-23 53.200 6.299
2012-05-23 53.200 7.501
2012-03-01 49.266 6.590
2011-11-02 30.969 4.274
2011-08-25 30.000 4.557
2011-05-25 29.265 4.275
2011-04-28 28.500 3.791
2011-02-17 28.500 3.810
2010-11-04 28.500 3.912
2010-08-26 18.564 3.347
2010-05-12 34.699 8.079
2010-04-19 23.301 4.258
2010-02-18 23.301 4.402
2009-11-05 22.528 4.056
2009-08-27 23.029 4.569
2009-05-15 9.140 1.883
2009-03-09 0.000 0.000

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

  • Unable to perform a dividend volatility check as Prosafe has not reported any payouts.
  • Unable to verify if Prosafe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prosafe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prosafe has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Prosafe's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Prosafe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Prosafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosafe 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.

PRSE.Y Management

 What is the CEO of Prosafe'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
Jesper Andresen
COMPENSATION $570,611
AGE 44
TENURE AS CEO 2 years
CEO Bio

Mr. Jesper Kragh Andresen has been the Chief Executive Officer at Prosafe SE., since March 01, 2017. Mr. Andresen has been the Chief Executive Officer of Axis Offshore Pte. Ltd. since 2012. Mr. Andresen has been Chief Executive Officer of Prosafe Management AS since March 1, 2017. He served as the President of Lauritzen Offshore A/S at J. Lauritzen A/S. He served as Managing Director of Lauritzen Offshore Singapore at J. Lauritzen A/S. He has been a Director of Axis Offshore Pte. Ltd. since May 3, 2012. Mr. Andresen holds an Executive MBA from INSEAD, France/Singapore and a Masters degree in law from University of Copenhagen.

CEO Compensation
  • Insufficient data for Jesper to compare compensation growth.
  • Jesper's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Prosafe management team in years:

2.8
Average Tenure
44.5
Average Age
  • The tenure for the Prosafe management team is about average.
Management Team

Jesper Andresen

TITLE
Chief Executive Officer
COMPENSATION
$571K
AGE
44
TENURE
2 yrs

Stig Christiansen

TITLE
Deputy CEO & CFO
COMPENSATION
$477K
AGE
50
TENURE
3.6 yrs

Cecilie Ouff

TITLE
Senior Manager of Finance & Investor Relations
TENURE
5.8 yrs

Ryan Stewart

TITLE
Chief Commercial Officer of Prosafe Offshore Accommodation Limited
AGE
45

Jens Berge

TITLE
Chief Operating Officer of Prosafe Offshore Ltd
AGE
41
TENURE
1.3 yrs

Elena Hajiroussou

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Prosafe board of directors in years:

2.8
Average Tenure
54
Average Age
  • The average tenure for the Prosafe board of directors is less than 3 years, this suggests a new board.
Board of Directors

Glen Rødland

TITLE
Non-executive Chairman
COMPENSATION
$137K
AGE
54
TENURE
2.8 yrs

Roger Cornish

TITLE
Non-Executive Director
COMPENSATION
$112K
AGE
70
TENURE
9.8 yrs

Svend Maier

TITLE
Non-Executive Director
COMPENSATION
$87K
AGE
53
TENURE
2.3 yrs

Kristian Johansen

TITLE
Non-executive Director
COMPENSATION
$63K
AGE
47
TENURE
1.8 yrs

Birgit Aagaard-Svendsen

TITLE
Non-Executive Director
COMPENSATION
$78K
AGE
62
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Prosafe'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. Prosafe 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.

PRSE.Y News

Simply Wall St News

PRSE.Y Company Info

Map
Description

Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels worldwide. 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 in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure, and decommissioning activities. It owns/operates eight semi-submersible accommodation, safety, and support vessels; and one Tender Support Vessel that provides drilling support services on the Norwegian Continental Shelf. The company primarily serves oil and gas operating companies. Prosafe SE was founded in 1972 and is headquartered in Larnaca, Cyprus.

Details
Name: Prosafe SE
PRSE.Y
Exchange: OTCPK
Founded: 1972
NOK146,197,686
81,784,212
Website: http://www.prosafe.com
Address: Prosafe SE
Stadiou 126,
Larnaca,
6020,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PRS Ordinary Shares Oslo Bors NO NOK 24. Apr 1997
OTCPK PRSE.F Ordinary Shares Pink Sheets LLC US USD 24. Apr 1997
DB 5PS Ordinary Shares Deutsche Boerse AG DE EUR 24. Apr 1997
LSE 0J5Y Ordinary Shares London Stock Exchange GB NOK 24. Apr 1997
BATS-CHIXE PRSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 24. Apr 1997
OTCPK PRSE.Y UNSPONSORED ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
430
Prosafe employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/06 00:50
End of day share price update: 2018/12/06 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
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.