ODL Stock Analysis: Odfjell Drilling | OL
Oil & Gas Drilling | OL, Norway | Market Cap: 26.139m NOK | 12M Return: 47.9% | BMG671801022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.8M
EPS Trend: 34.0%
Qual. Beats: 0
Rev. Trend: 75.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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. owns and operates mobile offshore drilling units (MODUs), with operations concentrated in the offshore basins of Norway and Namibia. The company is structured into two segments-Own Fleet and External Fleet-and also provides third-party management services covering operational management, regulatory compliance, marketing, contract negotiation, client relations, and mobilization preparation for other drilling unit owners. Founded in 1914 and headquartered in Aberdeen, a historic hub of the North Sea offshore industry, Odfjell Drilling operates within the Energy sectors Oil & Gas Drilling sub-industry, a segment characterized by high capital intensity and direct exposure to offshore exploration and development activity.
- Own Fleet day rates rise on North Sea demand
- Namibia deepwater campaign drives new contract wins
- Management services revenue grows with third-party rig additions
| 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 (1.17b): -0.01 < 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: 5.10 > 6 (EBIT TTM 990.9m / 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: 0.41 (EBIT TTM 990.9m / Avg Total Assets 2.41b) |
| D: 1.23 (Book Value of Equity 1.44b / Total Liabilities 1.17b) |
| Altman-Z'' = 5.49 = AAA |
| 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 November 02, 2026, the stock is trading at NOK 109.00 with a total of 170,640 shares traded. Over the past week, the price has changed by +1.87%, over one month by +8.35%, over three months by +23.30% and over the past year by +47.94%.
Current recommended Stop Loss: 105.70 (which is 3% or 1.3 ATR below the current price).
Odfjell Drilling has no consensus analysts rating.
Market Cap USD = 2.84b (26.1b NOK * 0.10846 NOK.USD)
P/E Trailing = 11.5344
P/E Forward = 9.058
P/S = 23.8668
P/B = 1.9016
Revenue TTM = 2.77b USD
EBIT TTM = 990.9m USD
EBITDA TTM = 1.17b 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 = 2.82b USD (2.84b + Debt 43.6m - CCE 60.4m)
Interest Coverage Ratio = 5.10 (Ebit TTM 990.9m / Interest Expense TTM 194.5m)
EV/FCF = 8.86x (Enterprise Value 2.82b / FCF TTM 318.1m)
FCF Yield = 11.29% (FCF TTM 318.1m / Enterprise Value 2.82b)
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 = 1.08 (Enterprise Value 2.82b / Total Assets 2.61b)
Interest Expense / Debt = 446.0% (Interest Expense 194.5m / Debt 43.6m)
Taxrate = 7.98% (4.90m / 61.4m)
NOPAT = 911.8m (EBIT 990.9m * (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 = -0.01 (Net Debt -16.8m / EBITDA 1.17b)
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 = 18.12% (EBIT 990.9m / Capital Employed (Equity 4.65b + L.T.Debt 819.5m))
RoIC = 40.09% (NOPAT 911.8m / Invested Capital 2.27b)
WACC = 5.97% (E(2.84b)/V(2.88b) * Re(6.06%) + (debt cost/tax rate unavailable))
Discount Rate = 6.06% (= 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=0.26 | Chg30d=+2.66% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.11 | Chg30d=+0.91% | Revisions=+57% | GrowthEPS=+53.8% | GrowthRev=+21.5%
EPS next Year (2027-12-31): EPS=1.23 | Chg30d=+3.37% | Revisions=+29% | GrowthEPS=+10.7% | GrowthRev=-0.4%
[Analyst] Revisions Ratio: +46% (up=8, down=2)