0.25%
-2.41%
21.40%
-0.15%
20.54%
512.71%
-76.47%
AI Spotlight on SOFF
Company Description
Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide.It provides platform supply vessel, anchor handling vessel, subsea construction, and renewable energy services.The company offers subsea construction and renewable energy services, such as geotechnical work, walk to work services, grouting, SURF operations, deep sea mining, cable laying and repair, trenching and burial, ROV support, installation of subsea equipment, survey work, IMR operations, node seismic operations, and diving and topside maintenance work.
It operates a fleet of 25 construction service vessels, 26 anchor handling tug support vessels, and 45 platform supply vessels.The company was founded in 1964 and is headquartered in Skudeneshavn, Norway.
Market Data
| Last Price | 40.5 |
| Change Percentage | 0.25% |
| Open | 41 |
| Previous Close | 40.4 |
| Market Cap ( Millions) | 3335 |
| Volume | 75252 |
| Year High | 51.9 |
| Year Low | 29.96 |
| M A 50 | 39.9 |
| M A 200 | 38.63 |
Financial Ratios
| FCF Yield | 40.14% |
| Dividend Yield | 1.23% |
| ROE | -9.66% |
| Debt / Equity | 341.73% |
| Net Debt / EBIDTA | 268.90% |
| Price To Book | 1.91 |
| Price Earnings Ratio | -19.27 |
| Price To FCF | 2.49 |
| Price To sales | 0.65 |
| EV / EBITDA | 4.35 |
News
- Jan -29 - 3 High-Growth Companies With Up To 32% Insider Ownership
- Jan -29 - 3 Stocks That May Be Trading Below Their Estimated Value
- Dec -25 - Solstad Offshore And 2 Other Growth Companies With Strong Insider Ownership
- Dec -20 - Three Companies Estimated To Be Priced Below Intrinsic Value In December 2024
- Nov -26 - High Growth Companies Insiders Are Eager To Own
- Oct -28 - Top Growth Stocks With High Insider Ownership In October 2024
- Jun -10 - Three Growth Companies With High Insider Ownership And Up To 107% Earnings Growth
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Subsea
Expected Growth : 6.5 %
What the company do ?
Subsea is a segment of Solstad Offshore ASA that provides subsea construction, inspection, maintenance, and repair services for the oil and gas industry.
Why we expect these perspectives ?
Solstad Offshore ASA's Subsea segment growth of 6.5% is driven by increasing demand for offshore oil and gas exploration, rising deepwater production, and growing adoption of subsea technologies. Additionally, the company's strategic partnerships, fleet modernization, and cost-cutting initiatives contribute to its growth momentum.
Segment n°2 -> Anchorhandling Vessels
Expected Growth : 5.5 %
What the company do ?
Anchorhandling Vessels from Solstad Offshore ASA are specialized ships that assist in offshore oil and gas operations by handling anchors for drilling rigs and platforms.
Why we expect these perspectives ?
Solstad Offshore ASA's Anchorhandling Vessels segment growth of 5.5% is driven by increasing offshore oil and gas exploration activities, rising demand for anchorhandling services in deepwater projects, and the company's strategic fleet expansion and modernization efforts, which enhance operational efficiency and competitiveness.
Segment n°3 -> Renewable
Expected Growth : 8.5 %
What the company do ?
Solstad Offshore ASA's renewable segment focuses on offshore wind farm construction and maintenance, providing vessels and services for the renewable energy industry.
Why we expect these perspectives ?
Solstad Offshore ASA's 8.5% growth in Renewable segment is driven by increasing demand for offshore wind farms, rising investments in renewable energy, and growing government support for sustainable energy sources. Additionally, the company's strategic partnerships and expanding fleet of specialized vessels have enabled it to capitalize on the growing market.
Segment n°4 -> Other
Expected Growth : 5.0 %
What the company do ?
Solstad Offshore ASA's 'Other' segment includes revenue from shipbroking, crewing, and other miscellaneous services.
Why we expect these perspectives ?
Solstad Offshore ASA's 5.0% growth in 'Other' segment is driven by increasing demand for offshore windfarm support vessels, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on cost reduction initiatives and operational efficiencies have contributed to the growth.
Solstad Offshore Asa Products
| Product Range | What is it ? |
|---|---|
| Platform Supply Vessels (PSV) | Solstad Offshore ASA provides Platform Supply Vessels (PSV) that are designed to transport cargo, equipment, and personnel to and from offshore oil and gas platforms. |
| Anchor Handling Tug Supply (AHTS) Vessels | Solstad Offshore ASA offers Anchor Handling Tug Supply (AHTS) Vessels that are designed to provide anchor handling, towing, and supply services to offshore oil and gas platforms. |
| Construction Support Vessels (CSV) | Solstad Offshore ASA provides Construction Support Vessels (CSV) that are designed to support the construction and installation of offshore oil and gas platforms, wind farms, and other subsea infrastructure. |
| Remotely Operated Vehicle (ROV) Services | Solstad Offshore ASA offers Remotely Operated Vehicle (ROV) Services that provide underwater inspection, maintenance, and repair services to the offshore oil and gas industry. |
| Crew Boats | Solstad Offshore ASA provides Crew Boats that are designed to transport personnel to and from offshore oil and gas platforms. |
Solstad Offshore ASA's Porter Forces
Threat Of Substitutes
Solstad Offshore ASA operates in a niche market with limited substitutes, but the increasing adoption of renewable energy sources and energy-efficient technologies poses a moderate threat.
Bargaining Power Of Customers
Solstad Offshore ASA's customers, primarily oil and gas companies, have limited bargaining power due to the specialized nature of the company's services and the lack of alternative providers.
Bargaining Power Of Suppliers
Solstad Offshore ASA's suppliers, including shipbuilders and equipment providers, have moderate bargaining power due to the company's dependence on a few key suppliers and the high switching costs.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry, including significant capital requirements, regulatory hurdles, and the need for specialized expertise and equipment.
Intensity Of Rivalry
The offshore support vessel market is highly competitive, with several established players competing for a limited number of contracts, leading to a high intensity of rivalry.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 88.20% |
| Debt Cost | 17.47% |
| Equity Weight | 11.80% |
| Equity Cost | 17.47% |
| WACC | 17.47% |
| Leverage | 747.76% |
Solstad Offshore ASA : Quality Control
Solstad Offshore ASA passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CADLR.OL | Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry. … |
| KNOP | KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil … |
| GLBS | Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, … |
| SHIP | Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of … |
| TOPS | Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Seanergy Maritime Holdings
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Cadeler
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KNOT Offshore Partners
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4
Solstad Offshore
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5
Top Ships
A-Score
1-Year Total Return ->
6
