Financials Solstad Offshore ASA

Equities

SOFF

NO0003080608

Oil Related Services and Equipment

Market Closed - Oslo Bors 10:45:00 2024-05-03 am EDT 5-day change 1st Jan Change
46.24 NOK +4.62% Intraday chart for Solstad Offshore ASA +10.36% +24.97%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 412.8 2,729 3,047 3,808 -
Enterprise Value (EV) 1 412.8 23,369 16,988 16,800 14,702
P/E ratio -0.36 x -2.44 x 5.95 x 4.88 x 2.68 x
Yield - - - - -
Capitalization / Revenue - 0.42 x 0.44 x 0.62 x 0.57 x
EV / Revenue - 3.6 x 2.45 x 2.71 x 2.21 x
EV / EBITDA - 12.2 x 5.25 x 4.73 x 3.62 x
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book - - 1.55 x 1.47 x 0.97 x
Nbr of stocks (in thousands) 75,609 77,308 82,347 82,347 -
Reference price 2 5.460 35.30 37.00 46.24 46.24
Announcement Date 4/22/22 2/23/23 2/29/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025
Net sales 1 - 6,493 6,924 6,189 6,644
EBITDA 1 - 1,911 3,236 3,549 4,065
EBIT 1 - 1,283 2,279 2,289 2,805
Operating Margin - 19.76% 32.91% 36.99% 42.22%
Earnings before Tax (EBT) 1 - -1,009 687.9 754.4 1,371
Net income 1 -1,102 -1,109 480.1 739.3 1,343
Net margin - -17.08% 6.93% 11.95% 20.22%
EPS 2 -15.13 -14.48 6.220 9.480 17.23
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - - - - -
Announcement Date 4/22/22 2/23/23 2/29/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - - 1,363 1,914 1,624 2,023 - - - -
EBITDA - - - 933.6 796.6 922.8 - - - -
EBIT - 45 919.5 629.6 388.6 341.3 - - - -
Operating Margin - - 67.48% 32.89% 23.92% 16.87% - - - -
Earnings before Tax (EBT) 1 - 525 283.5 173.8 72.62 158 20.37 288.3 299.9 145.9
Net income 1 -471.4 441.2 262.3 152.2 63.5 -124.2 19.96 282.5 293.9 143
Net margin - - 19.25% 7.95% 3.91% -6.14% - - - -
EPS 2 -6.140 5.720 3.400 4.350 0.8214 -1.460 0.2559 3.623 3.768 1.833
Dividend per Share - - - - - - - - - -
Announcement Date 11/17/22 2/23/23 6/1/23 8/24/23 11/30/23 2/29/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2022 2023 2024 2025
Net Debt 1 - - 20,640 13,941 12,993 10,894
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - 10.8 x 4.308 x 3.661 x 2.68 x
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 92.1% - - 26.4% 34.9% 43.6%
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 - - - 23.90 31.40 47.60
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/27/20 4/22/22 2/23/23 2/29/24 - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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