Stock SOFF SOLSTAD OFFSHORE ASA
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Financials Solstad Offshore ASA

Equities

SOFF

NO0003080608

Oil Related Services and Equipment

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
41.9 NOK +4.28% Intraday chart for Solstad Offshore ASA +3.30% +13.24%
Mar. 04 Kistefos Threatens Lawsuit Against Aker Capital, AMSC Over Losses from Solstad Offshore Refinancing MT
Mar. 01 Transcript : Solstad Offshore ASA, Q4 2023 Earnings Call, Mar 01, 2024

Valuation

Fiscal Period: December 2018 2021 2022 2023 2024 2025
Capitalization 1 501.2 412.8 2,729 3,450 3,450 -
Enterprise Value (EV) 1 29,053 412.8 23,369 16,988 16,443 14,345
P/E ratio -0.09 x -0.36 x -2.44 x 5.95 x 4.42 x 2.43 x
Yield - - - - - -
Capitalization / Revenue 0.1 x - 0.42 x 0.44 x 0.56 x 0.52 x
EV / Revenue 6.01 x - 3.6 x 2.45 x 2.66 x 2.16 x
EV / EBITDA 28.6 x - 12.2 x 5.25 x 4.63 x 3.53 x
EV / FCF 30,295,273 x - - - - -
FCF Yield 0% - - - - -
Price to Book -0.59 x - - 1.55 x 1.33 x 0.88 x
Nbr of stocks (in thousands) 291 75,609 77,308 82,347 82,347 -
Reference price 2 1,720 5.460 35.30 41.90 41.90 41.90
Announcement Date 2/28/19 4/22/22 2/23/23 2/29/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2021 2022 2023 2024 2025
Net sales 1 4,830 - 6,493 6,924 6,189 6,644
EBITDA 1 1,017 - 1,911 3,236 3,549 4,065
EBIT 1 -837.3 - 1,283 2,279 2,289 2,805
Operating Margin -17.34% - 19.76% 32.91% 36.99% 42.22%
Earnings before Tax (EBT) 1 -5,688 - -1,009 687.9 754.4 1,371
Net income 1 -5,728 -1,102 -1,109 480.1 739.3 1,343
Net margin -118.58% - -17.08% 6.93% 11.95% 20.22%
EPS 2 -19,670 -15.13 -14.48 6.220 9.480 17.23
Free Cash Flow 959 - - - - -
FCF margin 19.85% - - - - -
FCF Conversion (EBITDA) 94.26% - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - - - - -
Announcement Date 2/28/19 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 - - 1,363 1,914 1,624 2,023 - - - -
EBITDA 1 - - - 933.6 796.6 922.8 - - - -
EBIT 1 - 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 2 - - - - - - - - - -
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 2018 2019 2021 2022 2023 2024 2025
Net Debt 1 28,552 - - 20,640 13,941 12,993 10,894
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 28.06 x - - 10.8 x 4.308 x 3.661 x 2.68 x
Free Cash Flow 959 - - - - - -
ROE (net income / shareholders' equity) -268% 92.1% - - 26.4% 34.9% 43.6%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 -2,928 - - - 23.90 31.40 47.60
Cash Flow per Share 4,235 - - - - - -
Capex 275 - - - - - -
Capex / Sales 5.69% - - - - - -
Announcement Date 2/28/19 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

Ratings for Solstad Offshore ASA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Oil Related Services

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