YOLFTbeta
Northern Ocean Ltd

Northern Ocean Ltd

NOL · OL · Energy / Oil & Gas Drilling

6.40NOK-0.02 (-0.31%)

Price History

Full chart

Market Stats

Previous Close6.42
Open6.46
Day Range6.40 – 6.46
52-Week Range5.52 – 10.88
Volume23.80K
Market Cap2.00B
P/E (TTM)0.00
Forward P/E2.94
EPS-3.35
Dividend Yield0.00%
Beta0.32
50-Day Avg7.43
200-Day Avg8.29

About

Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates one semi-submersible rig. It also invests in power generation solutions. The company offers integrated drilling services, including rig preparation, mobilization, demobilization, and add-on services. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Drilling
  • CEOMr. Arne Jacobsen
  • Employees7
  • HeadquartersPar-la-Ville Place, Hamilton, Bermuda, HM 08, Norway
  • Websitehttps://www.northernocean.no

Leadership

  • Mr. Arne JacobsenChief Executive Officer
  • Mr. Jonas YtrelandChief Financial Officer
  • Mr. Vidar SkjelbredChief Operating Officer
  • Mr. Eirik SundeChief Commercial Officer
  • Mr. James AyersSecretary & Director · b. 1982

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue014.05M94.61M67.78M21.66M236.92M263.53M279.42M
Growth (%)--+573.49%-28.36%-68.04%+993.73%+11.23%+6.03%
Cost of Revenue350.00K5.01M36.58M50.22M40.21M252.97M267.05M241.23M
Gross Profit-350.00K9.04M58.03M17.56M-18.55M-16.05M-3.19M38.19M
Gross Margin-64.34%61.34%25.90%-85.62%-6.77%-1.21%13.67%
Operating Expense1.00K15.41M80.32M67.57M45.41M7.53M7.01M84.05M
Operating Income-351.00K-6.37M-22.29M-50.01M-63.96M-23.59M-10.21M-45.86M
Operating Margin--45.35%-23.56%-73.79%-295.26%-9.95%-3.87%-16.41%
EBITDA--4.16M7.29M-9.37M-24.44M20.75M42.97M10.90M
EBITDA Margin--29.64%7.71%-13.82%-112.82%8.76%16.31%3.90%
Net Income-386.00K-8.23M-36.51M-68.60M-92.89M-70.90M-65.66M-102.67M
Net Income Margin--58.61%-38.59%-101.21%-428.82%-29.92%-24.91%-36.74%
Interest Expense02.02M16.07M19.64M27.86M45.99M56.30M56.30M
Interest Expense % of Total Revenue-14.36%16.99%28.98%128.59%19.41%21.36%20.15%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets612.35M1.10B1.13B977.55M1.05B1.06B1.03B507.02M
Total Liabilities612.74M558.03M627.55M481.92M546.98M618.88M585.40M161.97M
Total Equity-392.00K543.12M507.07M495.63M506.80M436.89M446.16M345.05M
Cash14.85M53.90M37.47M5.46M67.49M54.35M42.75M37.51M
Total Debt-455.50M467.55M469.53M481.56M541.76M530.91M-
Net Debt-401.60M430.08M464.07M414.06M487.41M488.16M62.49M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-326.00K-15.42M14.49M-21.81M-52.81M-30.59M-19.44M4.41M
Investing Cash Flow-182.49M-230.76M-41.29M-206.00K-4.68M-48.97M-55.40M422.22M
Financing Cash Flow197.66M285.35M10.40M114.80M114.80M61.13M63.24M-431.84M
Capital Expenditure182.49M230.76M41.29M206.00K4.68M48.97M55.40M57.78M
Free Cash Flow--246.18M-26.80M-22.02M-57.49M-79.56M-74.84M-53.37M
FCF to OCF-1596.49%-184.86%100.94%108.86%260.05%385.03%-1209.88%

Earnings

Report DateMay 29, 2020Aug 27, 2020Nov 29, 2020Feb 26, 2021May 28, 2021Aug 27, 2021Nov 26, 2021Feb 15, 2022May 27, 2022Aug 25, 2022Nov 28, 2022Feb 28, 2023May 30, 2023Aug 29, 2023Nov 28, 2023Feb 28, 2024May 29, 2024Aug 28, 2024Nov 22, 2024Feb 25, 2025May 30, 2025Aug 29, 2025Nov 28, 2025Feb 27, 2026May 29, 2026Aug 28, 2026Nov 27, 2026
EPS Estimate-1.16-0.32-1.050.43-0.33-0.93-0.97-0.98----1.07-2.35-1.34-0.32-0.720.10-0.10-0.99-0.11-0.67-0.730.03-0.14-0.60-0.04-0.53
EPS Actual-2.35-0.80-1.15-0.95-1.50-3.44-3.67-0.80-1.28-2.65-2.36-0.94-1.00-1.07-1.07-1.06-0.53-0.31-2.10-0.56-0.41-0.50-0.91-1.17-0.74-0.09-
Surprise-102.59%-150.00%-9.52%-320.93%-354.55%-269.89%-278.35%18.37%---12.15%57.45%20.15%-234.38%-47.22%-630.00%-210.00%-112.12%-409.09%38.81%31.51%-3133.33%-735.71%-23.33%-125.00%-
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Key Statistics & Ratios

Market Cap2.00B
Enterprise Value3.27B
Trailing P/E0.00
Forward P/E2.94
Price / Sales9.32
Price / Book0.73
EPS-3.35
Book Value9.67
Revenue (TTM)214.06M
Gross Profit (TTM)-2.28M
EBITDA-11.27M
Profit Margin-47.64%
Operating Margin8.68%
Return on Equity-27.62%
Return on Assets-4.32%
Shares Outstanding303.22M
Shares Float65.80M
Beta0.32
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%