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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -0.1x - -0.1x | -0.1x |
Selected Fwd P/E Multiple | -0.8x - -0.9x | -0.8x |
Fair Value | kr0.15 - kr0.16 | kr0.15 |
Upside | 44.4% - 59.6% | 52.0% |
Benchmarks | - | Full Ticker |
Sea1 Offshore Inc. | - | OB:SEA1 |
Prosafe SE | - | OB:PRS |
Deep Value Driller AS | - | OB:DVD |
DOF Group ASA | - | OB:DOFG |
Archer Limited | - | OB:ARCH |
Dolphin Drilling AS | - | OB:DDRIL |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
SEA1 | PRS | DVD | DOFG | ARCH | DDRIL | |||
OB:SEA1 | OB:PRS | OB:DVD | OB:DOFG | OB:ARCH | OB:DDRIL | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
3Y CAGR | 17.0% | NM- | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | 17.9% | 3.1% | 302.3% | -33.1% | -111.4% | -24.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 2.2% | -137.0% | -305.5% | -6.8% | -1.4% | -97.4% | ||
Prior Fiscal Year | 51.9% | -70.6% | -192.4% | 32.2% | -2.9% | -59.8% | ||
Latest Fiscal Year | 50.7% | -33.4% | 39.7% | 12.9% | -2.3% | -64.1% | ||
Latest Twelve Months | 56.2% | -38.2% | 40.1% | 16.7% | -3.9% | -39.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 4.4x | 12.0x | 4.5x | 6.7x | 5.0x | -3.9x | ||
Price / LTM Sales | 1.1x | 0.1x | 2.5x | 1.5x | 0.2x | 0.0x | ||
LTM P/E Ratio | 2.0x | -0.3x | 6.2x | 8.7x | -4.8x | -0.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -4.8x | 2.0x | 8.7x | |||||
Historical LTM P/E Ratio | -1.4x | -1.4x | -1.4x | |||||
Selected P/E Multiple | -0.1x | -0.1x | -0.1x | |||||
(x) LTM Net Income | (51) | (51) | (51) | |||||
(=) Equity Value | 4 | 4 | 4 | |||||
(/) Shares Outstanding | 291.9 | 291.9 | 291.9 | |||||
Implied Value Range | 0.01 | 0.01 | 0.01 | |||||
FX Rate: USD/NOK | 0.1 | 0.1 | 0.1 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.14 | 0.15 | 0.15 | 0.10 | ||||
Upside / (Downside) | 36.6% | 43.7% | 50.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | SEA1 | PRS | DVD | DOFG | ARCH | DDRIL | |
Value of Common Equity | 363 | 14 | 146 | 2,146 | 212 | 3 | |
(/) Shares Outstanding | 153.5 | 17.9 | 93.2 | 246.3 | 90.5 | 291.9 | |
Implied Stock Price | 2.36 | 0.78 | 1.57 | 8.72 | 2.34 | 0.01 | |
FX Conversion Rate to Trading Currency | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | |
Implied Stock Price (Trading Cur) | 24.10 | 7.92 | 16.00 | 88.95 | 23.85 | 0.10 | |
Trading Currency | NOK | NOK | NOK | NOK | NOK | NOK | |
FX Rate to Reporting Currency | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |