Stock ODL ODFJELL DRILLING LTD.
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Financials Odfjell Drilling Ltd.

Equities

ODL

BMG671801022

Oil & Gas Drilling

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
52 NOK +0.97% Intraday chart for Odfjell Drilling Ltd. +0.97% +31.98%
Mar. 14 Odfjell Drilling Wins Four-year Platform Drilling Contract from Equinor Energy MT
Feb. 15 Transcript : Odfjell Drilling Ltd., Q4 2023 Earnings Call, Feb 15, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 878.9 475.9 543.1 635.6 917.7 1,115 - -
Enterprise Value (EV) 1 2,100 1,481 1,453 1,321 1,500 1,632 1,386 1,139
P/E ratio 26.5 x 3.53 x 8.19 x 5.26 x 4.12 x 19 x 6.72 x 5.79 x
Yield - - - - 4.64% 5.66% 7.08% 11%
Capitalization / Revenue 1.07 x 0.51 x 0.63 x 0.98 x 1.25 x 1.53 x 1.32 x 1.29 x
EV / Revenue 2.55 x 1.59 x 1.68 x 2.03 x 2.05 x 2.24 x 1.64 x 1.32 x
EV / EBITDA 6.33 x 3.52 x 4.79 x 4.29 x 4.57 x 5.19 x 3.28 x 2.62 x
EV / FCF -9.13 x 6.37 x 9.15 x 6.14 x 7.56 x 12 x 5.44 x 3.35 x
FCF Yield -10.9% 15.7% 10.9% 16.3% 13.2% 8.33% 18.4% 29.8%
Price to Book 0.83 x 0.4 x 0.43 x 0.53 x 0.66 x 0.79 x 0.74 x 0.67 x
Nbr of stocks (in thousands) 236,783 236,783 236,783 236,783 236,783 236,783 - -
Reference price 2 3.712 2.010 2.294 2.684 3.876 4.709 4.709 4.709
Announcement Date 2/27/20 2/25/21 2/24/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 823.2 929.7 863.9 649.5 732.5 729.4 846.1 865.7
EBITDA 1 331.8 420.4 303.5 308 328.5 314.7 423.3 435.6
EBIT 1 146.6 216.4 121.6 136.5 306.4 126.5 236.7 255.3
Operating Margin 17.8% 23.28% 14.08% 21.02% 41.83% 17.34% 27.98% 29.49%
Earnings before Tax (EBT) 1 43.8 145.6 77.69 88.3 222.4 69.28 189.1 215.7
Net income 1 33 135.2 65.75 129.6 222.1 58.89 166.6 193.7
Net margin 4.01% 14.54% 7.61% 19.95% 30.32% 8.07% 19.69% 22.37%
EPS 2 0.1400 0.5700 0.2800 0.5100 0.9400 0.2484 0.7010 0.8133
Free Cash Flow 1 -229.9 232.6 158.7 215 198.5 136 255 340
FCF margin -27.93% 25.02% 18.37% 33.1% 27.1% 18.65% 30.14% 39.28%
FCF Conversion (EBITDA) - 55.33% 52.27% 69.81% 60.43% 43.22% 60.25% 78.05%
FCF Conversion (Net income) - 172.1% 241.31% 165.9% 89.37% 230.93% 153.08% 175.56%
Dividend per Share 2 - - - - 0.1800 0.2667 0.3333 0.5200
Announcement Date 2/27/20 2/25/21 2/24/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 227 221.9 154.8 163.1 164.8 166.8 170.9 183.8 186 191.8 186.1 175.1 190 175.6 203
EBITDA 1 88.42 85.35 67.99 78.9 81.2 79.9 72.9 85.3 86.8 83.5 80.93 72.53 86.59 75.17 -
EBIT 1 42.91 38.96 27.33 36.21 37.1 30.9 27.7 39.8 204.1 34.8 33.59 24.87 38.92 28.17 -
Operating Margin 18.9% 17.56% 17.66% 22.2% 22.51% 18.53% 16.21% 21.65% 109.73% 18.14% 18.05% 14.21% 20.49% 16.05% -
Earnings before Tax (EBT) 1 31.18 28.56 21.8 23.43 12.2 30.9 4 13 186.5 18.9 18.99 10.43 24.99 14.4 45.76
Net income 1 30.5 25.43 67.31 21.88 11.6 28.8 2 11.4 184.5 24.2 19 6.5 21 13.5 42
Net margin 13.43% 11.46% 43.48% 13.42% 7.04% 17.27% 1.17% 6.2% 99.19% 12.62% 10.21% 3.71% 11.05% 7.69% 20.69%
EPS 2 0.1200 0.1100 0.2700 0.0800 0.0400 0.1200 0.0100 0.0500 0.7800 0.1000 0.0800 0.0300 0.0900 0.0550 0.1800
Dividend per Share 2 - - - - - - - - 0.0600 0.0600 0.0800 0.0800 0.0800 0.0800 -
Announcement Date 11/25/21 2/24/22 5/31/22 8/30/22 11/24/22 2/16/23 5/5/23 8/23/23 11/2/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,221 1,005 909 685 582 517 272 24.5
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.68 x 2.391 x 2.996 x 2.224 x 1.772 x 1.643 x 0.6416 x 0.0563 x
Free Cash Flow 1 -230 233 159 215 199 136 255 340
ROE (net income / shareholders' equity) 3.16% 12% 5.33% 6.69% 17.1% 4.21% 11.4% 12.2%
ROA (Net income/ Total Assets) 1.33% 5.07% 2.55% 3.5% - 3% 7.9% 10.3%
Assets 1 2,481 2,663 2,578 3,701 - 1,963 2,109 1,880
Book Value Per Share 2 4.490 5.060 5.360 5.100 5.890 5.950 6.390 7.080
Cash Flow per Share 0.8400 1.460 1.080 - - - - -
Capex 1 433 114 97.8 60.2 66.2 144 84 39
Capex / Sales 52.55% 12.27% 11.33% 9.27% 9.04% 19.74% 9.93% 4.51%
Announcement Date 2/27/20 2/25/21 2/24/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Odfjell Drilling Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
4.709 USD
Average target price
5.86 USD
Spread / Average Target
+24.46%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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