ODL Stock Analysis: Odfjell Drilling | OL
Oil & Gas Drilling | OL, Norway | Market Cap: 24.604m NOK | 12M Return: 48.2% | BMG671801022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 32.8M
EPS Trend: 34.0%
Qual. Beats: 0
Rev. Trend: 75.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 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.
Odfjell Drilling Ltd. (OL: ODL) is a mid-cap energy company that owns and operates mobile offshore drilling units (MODUs), primarily in Norway and Namibia. Its operations are organized into two segments: Own Fleet and External Fleet. In addition to its own drilling assets, the company provides management services to other drilling unit owners, covering operational management, regulatory compliance, marketing, contract negotiations, client relations, and mobilization preparation.
The offshore drilling sector is highly capital-intensive and cyclical, tied to global oil and gas exploration and production spending. Norway represents one of the most mature offshore basins in the world, while Namibia has emerged in recent years as a frontier region attracting significant exploration interest. Founded in 1914 and headquartered in Aberdeen, Odfjell Drilling combines ownership of drilling units with a third-party management business, giving it exposure to both asset returns and fee-based service revenue.
- Brent oil price fluctuations drive North Sea rig demand
- Own Fleet dayrates rise amid tight harsh environment supply
- Namibia exploration boom expands External Fleet backlog
| Net Income: 731.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 3.31 > 1.0 |
| NWC/Revenue: 0.35% < 20% (prev -7.56%; Δ 7.90% < -1%) |
| CFO/TA 0.47 > 3% & CFO 1.23b > Net Income 731.5m |
| Net Debt (-16.8m) to EBITDA (740.2m): -0.02 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (239.8m) vs 12m ago -0.22% < -2% |
| Gross Margin: 35.27% > 18% (prev 63.44%; Δ -28.17% > 0.5%) |
| Asset Turnover: 115.2% > 50% (prev 24.27%; Δ 90.95% > 0%) |
| Interest Coverage Ratio: 2.87 > 6 (EBIT TTM 558.3m / Interest Expense TTM 194.5m) |
| A: 0.00 (Total Current Assets 285.7m - Total Current Liabilities 276.1m) / Total Assets 2.61b |
| B: 0.43 (Retained Earnings 1.13b / Total Assets 2.61b) |
| C: 0.23 (EBIT TTM 558.3m / Avg Total Assets 2.41b) |
| D: 1.23 (Book Value of Equity 1.44b / Total Liabilities 1.17b) |
| Altman-Z'' = 4.28 = AA |
| DSRI: 0.20 (Receivables 113.3m/109.1m, Revenue 2.77b/534.7m) |
| GMI: 1.80 (GM 63.44% / 35.27%) |
| AQI: 1.42 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 5.19 (Revenue 2.77b / 534.7m) |
| TATA: -0.19 (NI 731.5m - CFO 1.23b) / TA 2.61b) |
| Beneish M = 0.27 (Cap -4..+1) = D |
As of September 18, 2026, the stock is trading at NOK 105.80 with a total of 367,821 shares traded. Over the past week, the price has changed by +6.33%, over one month by +17.86%, over three months by +27.57% and over the past year by +48.16%.
Current recommended Stop Loss: 101.50 (which is 4.1% or 1.7 ATR below the current price).
Odfjell Drilling has no consensus analysts rating.
Market Cap USD = 2.61b (24.6b NOK * 0.106 NOK.USD)
P/E Trailing = 11.986
P/E Forward = 8.8574
P/S = 22.4655
P/B = 1.8563
Revenue TTM = 2.77b USD
EBIT TTM = 558.3m USD
EBITDA TTM = 740.2m USD
Long Term Debt = 819.5m USD (from longTermDebt, last quarter)
Short Term Debt = 103.4m USD (from shortLongTermDebt, last quarter)
Debt = 43.6m USD (Leases only: 43.6m)
Net Debt = -16.8m USD (calculated: Debt 43.6m - CCE 60.4m)
Enterprise Value = 2.59b USD (2.61b + Debt 43.6m - CCE 60.4m)
Interest Coverage Ratio = 2.87 (Ebit TTM 558.3m / Interest Expense TTM 194.5m)
EV/FCF = 8.15x (Enterprise Value 2.59b / FCF TTM 318.1m)
FCF Yield = 12.28% (FCF TTM 318.1m / Enterprise Value 2.59b)
FCF Margin = 11.47% (FCF TTM 318.1m / Revenue TTM 2.77b)
Net Margin = 26.38% (Net Income TTM 731.5m / Revenue TTM 2.77b)
Gross Margin = 35.27% ((Revenue TTM 2.77b - Cost of Revenue TTM 1.80b) / Revenue TTM)
Gross Margin QoQ = 33.44% (prev 63.80%)
Tobins Q-Ratio = 0.99 (Enterprise Value 2.59b / Total Assets 2.61b)
Interest Expense / Debt = 446.0% (Interest Expense 194.5m / Debt 43.6m)
Taxrate = 7.98% (4.90m / 61.4m)
NOPAT = 513.7m (EBIT 558.3m * (1 - 7.98%))
Current Ratio = 1.03 (Total Current Assets 285.7m / Total Current Liabilities 276.1m)
Debt / Equity = 0.03 (Debt 43.6m / totalStockholderEquity, last quarter 1.44b)
Debt / EBITDA = -0.02 (Net Debt -16.8m / EBITDA 740.2m)
Debt / FCF = -0.05 (Net Debt -16.8m / FCF TTM 318.1m)
Total Stockholder Equity = 4.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 30.39% (Net Income 731.5m / Total Assets 2.61b)
RoE = 15.74% (Net Income TTM 731.5m / Total Stockholder Equity 4.65b)
RoCE = 10.21% (EBIT 558.3m / Capital Employed (Equity 4.65b + L.T.Debt 819.5m))
RoIC = 22.58% (NOPAT 513.7m / Invested Capital 2.27b)
WACC = 6.55% (E(2.61b)/V(2.65b) * Re(6.66%) + (debt cost/tax rate unavailable))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.30 | Cagr: 0.69%
[DCF] Terminal Value 77.97% ; FCFF base≈269.0m ; Y1≈308.4m ; Y5≈453.9m
[DCF] Fair Price = 28.55 (EV 6.83b - Net Debt -16.8m = Equity 6.85b / Shares 239.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 34.03 | EPS CAGR: 37.78% | SUE: 0.07 | # QB: 0
Revenue Correlation: 75.59 | Revenue CAGR: 77.62% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.25 | Chg30d=+2.65% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=+14.39% | Revisions=+50% | GrowthEPS=+52.4% | GrowthRev=+21.4%
EPS next Year (2027-12-31): EPS=1.19 | Chg30d=+7.35% | Revisions=+17% | GrowthEPS=+8.1% | GrowthRev=-1.7%
[Analyst] Revisions Ratio: +36% (up=6, down=2)