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Odfjell Technology Ltd

Odfjell Technology Ltd

OTL · OL · Energy / Oil & Gas Drilling

59.70NOK-0.60 (-1.00%)

Price History

Full chart

Market Stats

Previous Close60.30
Open60.30
Day Range59.70 – 61.10
52-Week Range50.45 – 75.40
Volume43.16K
Market Cap2.35B
P/E (TTM)7.91
Forward P/E5.99
EPS7.52
Dividend Yield10.22%
Beta0.75
50-Day Avg59.89
200-Day Avg61.90

About

Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally. It operates through Well Services; Operations; and Projects & Engineering segments. The Well Services segment provides casing and tubular running services, including automated and conventional; drilling tool and tubular rental services; and specialist well intervention products and services for exploration wells and production. Its Operations segment engages in the production drilling and well completion on clients' rigs. This segment is also involved in the slot recovery, plug and abandonment, work-overs, and maintenance activities, as well as rig installation services; platform drilling services on fixed and floating production platforms with subsea blowout preventers; and management and performance of services on leased jack-up rigs. The Projects & Engineering segment offers engineering and integrity services, including design and engineering, and building supervision; and project management and operational support for units in operation, newbuild projects, renewal survey / SPS recertification projects, and yard stays. It offers its services to the offshore oil and gas industry. Odfjell Technology Ltd. was founded in 1973 and is headquartered in Aberdeen, the United Kingdom.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Drilling
  • CEOMr. Simen Lieungh
  • Employees2.43K
  • HeadquartersPrime View Prime Four Business Park, Aberdeen, United Kingdom, AB15 8PU, Norway
  • Websitehttps://www.odfjelltechnology.com

Leadership

  • Mr. Simen LieunghChief Executive Officer · b. 1960
  • Mr. Eirik KnudsenChief Financial Officer
  • Mr. Kurt Meinert FjellExecutive Vice President of Operations · b. 1974
  • Mr. Gert HauglandSenior Vice President of Finance & Investor Relations
  • Mr. Kurt Werner HolsaeterSenior Vice President of Human Resources · b. 1969
  • Ms. Anne Siri SaevareidExecutive Vice President of Projects & Engineering · b. 1972
  • Ms. Randi OverlandSenior Vice President of Global Business Services · b. 1966
  • Ms. Elisabeth Cecilie HaramExecutive Vice President of Well Services · b. 1978
  • Ms. Gillian BassonCorporate Secretary

Financials

Income Statement

Currency: NOK2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue270.45M2.39B2.09B2.95B3.88B5.02B5.43B5.53B
Growth (%)-+784.55%-12.69%+41.09%+31.82%+29.27%+8.08%+1.96%
Cost of Revenue-241.15M255.58M262.80M288.40M348.00M334.30M289.60M
Gross Profit-2.39B1.83B2.68B3.60B4.67B5.09B5.24B
Gross Margin-100.00%87.76%91.08%92.58%93.07%93.84%94.77%
Operating Expense-2.24B1.68B2.56B3.21B4.18B4.60B4.73B
Operating Income8.93M154.64M154.26M124.60M384.10M492.10M490.70M510.90M
Operating Margin3.30%6.46%7.39%4.23%9.89%9.80%9.04%9.23%
EBITDA-441.40M378.99M365.50M625.30M868.40M729.30M790.70M
EBITDA Margin-18.45%18.15%12.40%16.10%17.29%13.44%14.29%
Net Income14.04M219.64M130.18M116.50M253.00M344.20M253.20M328.00M
Net Income Margin5.19%9.18%6.23%3.95%6.51%6.85%4.67%5.93%
Interest Expense-6.15M5.21M6.00M110.70M158.90M184.50M119.60M
Interest Expense % of Total Revenue-0.26%0.25%0.20%2.85%3.16%3.40%2.16%

Balance Sheet

Currency: NOK2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets343.79M395.31M3.29B3.92B3.11B3.69B4.18B4.36B
Total Liabilities60.41M70.10M646.50M957.80M2.34B2.62B2.80B3.09B
Total Equity283.38M3.05B2.64B2.96B778.80M1.08B1.38B1.27B
Cash-70.47M122.50M497.80M497.40M587.70M576.20M697.60M
Total Debt--56.40M107.60M1.45B1.27B1.27B-
Net Debt---66.10M-390.20M956.70M498.20M697.30M696.50M

Cash Flow

Currency: NOK2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow30.99M29.52M465.74M369.10M567.70M698.00M519.70M581.70M
Investing Cash Flow-14.38M-24.72M-187.91M-437.70M-2.71B-221.90M-375.20M-452.90M
Financing Cash Flow-21.21M-23.91M-215.33M445.70M2.20B-395.10M-253.60M33.50M
Capital Expenditure16.99M28.11M182.80M441.70M336.10M237.40M364.50M457.90M
Free Cash Flow-12.38M282.94M-72.60M231.60M460.60M155.20M123.80M
Dividends Paid-44.77M382.18M176.90M176.90M100.00M165.10M239.90M
FCF to OCF-41.95%60.75%-19.67%40.80%65.99%29.86%21.28%
Dividend Paid to FCF-361.55%135.07%-243.66%76.38%21.71%106.38%193.78%

Earnings

Report DateMay 30, 2022Aug 31, 2022Nov 25, 2022Feb 17, 2023May 12, 2023Aug 24, 2023Nov 3, 2023Feb 16, 2024May 16, 2024Aug 22, 2024Nov 7, 2024Feb 14, 2025May 16, 2025Aug 21, 2025Nov 7, 2025Feb 26, 2026May 14, 2026Aug 19, 2026
EPS Estimate0.35----1.99178.002.031.971.721.951.772.011.821.932.292.012.61
EPS Actual2.340.181.112.771.081.982.103.381.272.180.951.851.952.022.531.631.232.10
Surprise568.57%-----0.50%-98.82%66.50%-35.53%26.74%-51.28%4.52%-2.99%10.99%31.09%-28.82%-39.00%-19.54%
TimingAfter-hours-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-marketAfter-hours

Key Statistics & Ratios

Market Cap2.35B
Enterprise Value3.91B
Trailing P/E7.91
Forward P/E5.99
Price / Sales0.42
Price / Book1.91
EPS7.52
Book Value32.32
Revenue (TTM)5.60B
Gross Profit (TTM)5.60B
EBITDA672.60M
Profit Margin5.37%
Operating Margin10.68%
Return on Equity23.87%
Return on Assets6.42%
Shares Outstanding39.46M
Shares Float39.45M
Beta0.75
Dividend Yield10.22%
Dividend Rate6.08
Payout Ratio40.60%

Dividends

20262×
1.52Nov 10, 20261.52Mar 10, 2026
20254×
1.52Nov 14, 20251.52Aug 29, 20251.52May 26, 20251.52Feb 25, 2025
20244×
1.52Nov 20, 20241.14Aug 29, 20240.89May 24, 20240.63Feb 23, 2024
20233×
0.63Nov 13, 20230.63Sep 4, 20231.27May 23, 2023