DOFG Stock Analysis: DOF ASA | OL
Engineering & Construction | OL, Norway | Market Cap: 32.706m NOK | 12M Return: 48.9% | NO0012851874 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 33.9M
Qual. Beats: 0
Rev. Trend: 57.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 3.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DOF Group ASA owns and operates a fleet of offshore and subsea vessels, operating through four segments: Shipowning, DOF Subsea regions, Norskan Offshore, and DOFCON JV. The company provides construction and installation, decommissioning, engineering, inspection, maintenance and repair, offshore wind services, ROV and AUV operations, saturation and air diving, survey and positioning, and towing, mooring, and installation services. It also handles port and marine logistics for floating wind, turbine integration and marshalling, dynamic and offshore cable installation and repair, anchor and mooring installation, and subsea construction for fixed wind, alongside crewing, maintenance, mobilization, and new building services. The fleet comprises 6 PSVs, 18 CSVs, and 25 AHTSs, supplemented by 74 ROVs and AUVs, with operations spanning Brazil, the United States, Australia, the United Kingdom, Norway, Angola, Mauritania, Guyana, Congo, the Netherlands, Canada, Singapore, the Philippines, and Argentina. The company was founded in 1981 and is headquartered in Storebø, Norway.
The companys vessel types address distinct offshore roles: Platform Supply Vessels (PSVs) deliver supplies and equipment to oil and gas platforms, Construction Support Vessels (CSVs) are equipped with cranes for subsea installation work, and Anchor Handling Tug Supply vessels (AHTSs) handle anchor placement, towing, and rig moves. Offshore service providers in this segment have increasingly pivoted toward renewable energy work, with the offshore wind market driving demand for cable installation, turbine integration, and floating wind support services alongside traditional oil and gas activity.
- Brazilian deepwater activity lifts PSV and AHTS utilization
- Offshore wind installation contracts expand subsea backlog
- DOFCON JV contribution supports North Sea day rates
| Net Income: 2.70b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -7.95 > 1.0 |
| NWC/Revenue: 4.34% < 20% (prev 2.76%; Δ 1.58% < -1%) |
| CFO/TA 0.41 > 3% & CFO 1.71b > Net Income 2.70b |
| Net Debt (-152.0m) to EBITDA (2.92b): -0.05 < 3 |
| Current Ratio: 1.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (246.3m) vs 12m ago -0.00% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 265.7% > 50% (prev 310.3%; Δ -44.59% > 0%) |
| Interest Coverage Ratio: 8.71 > 6 (EBIT TTM 2.73b / Interest Expense TTM 313.2m) |
| A: 0.11 (Total Current Assets 1.01b - Total Current Liabilities 546.0m) / Total Assets 4.21b |
| B: 0.19 (Retained Earnings 785.0m / Total Assets 4.21b) |
| C: 0.68 (EBIT TTM 2.73b / Avg Total Assets 3.99b) |
| D: 0.95 (Book Value of Equity 2.05b / Total Liabilities 2.16b) |
| Altman-Z'' = 6.92 = AAA |
| DSRI: 1.36 (Receivables 517.0m/420.0m, Revenue 10.6b/11.7b) |
| GMI: 0.64 (GM 64.29% / 100.0%) |
| AQI: 1.03 (AQ_t 0.16 / AQ_t-1 0.15) |
| SGI: 0.91 (Revenue 10.6b / 11.7b) |
| TATA: 0.24 (NI 2.70b - CFO 1.71b) / TA 4.21b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of August 24, 2026, the stock is trading at NOK 133.00 with a total of 298,719 shares traded. Over the past week, the price has changed by -1.04%, over one month by +6.57%, over three months by +10.16% and over the past year by +48.88%.
Current recommended Stop Loss: 128.90 (which is 3.1% or 1.4 ATR below the current price).
DOF ASA has no consensus analysts rating.
Market Cap USD = 3.52b (32.7b NOK * 0.1075 NOK.USD)
P/E Trailing = 7.419
P/E Forward = 8.5837
P/S = 15.1486
P/B = 1.6678
Revenue TTM = 10.6b USD
EBIT TTM = 2.73b USD
EBITDA TTM = 2.92b USD
Long Term Debt = 1.48b USD (from longTermDebt, last quarter)
Short Term Debt = 102.0m USD (from shortLongTermDebt, last quarter)
Debt = 176.0m USD (Leases only: 176.0m)
Net Debt = -152.0m USD (calculated: Debt 176.0m - CCE 328.0m)
Enterprise Value = 3.36b USD (3.52b + Debt 176.0m - CCE 328.0m)
Interest Coverage Ratio = 8.71 (Ebit TTM 2.73b / Interest Expense TTM 313.2m)
EV/FCF = 6.19x (Enterprise Value 3.36b / FCF TTM 543.0m)
FCF Yield = 16.14% (FCF TTM 543.0m / Enterprise Value 3.36b)
FCF Margin = 5.13% (FCF TTM 543.0m / Revenue TTM 10.6b)
Net Margin = 25.48% (Net Income TTM 2.70b / Revenue TTM 10.6b)
Gross Margin = unknown ((Revenue TTM 10.6b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.80 (Enterprise Value 3.36b / Total Assets 4.21b)
Interest Expense / Debt = 178.0% (Interest Expense 313.2m / Debt 176.0m)
Taxrate = 1.46% (46.0m / 3.14b)
NOPAT = 2.69b (EBIT 2.73b * (1 - 1.46%))
Current Ratio = 1.84 (Total Current Assets 1.01b / Total Current Liabilities 546.0m)
Debt / Equity = 0.09 (Debt 176.0m / totalStockholderEquity, last quarter 2.05b)
Debt / EBITDA = -0.05 (Net Debt -152.0m / EBITDA 2.92b)
Debt / FCF = -0.28 (Net Debt -152.0m / FCF TTM 543.0m)
Total Stockholder Equity = 10.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 67.71% (Net Income 2.70b / Total Assets 4.21b)
RoE = 24.88% (Net Income TTM 2.70b / Total Stockholder Equity 10.9b)
RoCE = 22.12% (EBIT 2.73b / Capital Employed (Equity 10.9b + L.T.Debt 1.48b))
RoIC = 80.50% (NOPAT 2.69b / Invested Capital 3.34b)
WACC = 7.56% (E(3.52b)/V(3.69b) * Re(7.94%) + (debt cost/tax rate unavailable))
Discount Rate = 7.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.98 | Cagr: 16.77%
[DCF] Terminal Value 73.10% ; FCFF base≈639.3m ; Y1≈560.7m ; Y5≈453.0m
[DCF] Fair Price = 30.14 (EV 7.27b - Net Debt -152.0m = Equity 7.42b / Shares 246.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 57.66 | Revenue CAGR: 15.86% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.63 | Chg30d=+16.77% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.81 | Chg30d=+6.20% | Revisions=-29% | GrowthEPS=-3.8% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=1.81 | Chg30d=+1.72% | Revisions=+29% | GrowthEPS=-0.2% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: +8% (up=5, down=4)