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

Offshore Drilling, Drilling Management, Fleet Operations, Operational Support
Total Rating 57
Safety 33
Buy Signal 0.80
Oil & Gas Drilling
Industry Rotation: +30.4
Market Cap: 2.84B
Avg Turnover: 28.8M
Risk 3d forecast
Volatility28.3%
VaR 5th Pctl4.77%
VaR vs Median2.48%
Reward TTM
Sharpe Ratio1.37
Rel. Str. IBD86.6
Rel. Str. Peer Group27.8 pctl
Character TTM
Beta0.122
Beta Downside-0.085
Hurst Exponent0.483
Choppyness51.4%
Drawdowns 3y
Max DD22.63%
CAGR/Max DD2.25
CAGR/Mean DD8.00
EPS (Earnings per Share) EPS (Earnings per Share) of ODL over the last years for every Quarter: "2021-09": 0.12, "2021-12": 0.11, "2022-03": 0.08, "2022-06": 0.08, "2022-09": 0.04, "2022-12": 0.12, "2023-03": 0.01, "2023-06": 0.05, "2023-09": 0.78, "2023-12": 0.1, "2024-03": 0.06, "2024-06": 0.07, "2024-09": 0.08, "2024-12": 0.06, "2025-03": 0.13, "2025-06": 0.17, "2025-09": 0.23, "2025-12": 0.19, "2026-03": 2.9639, "2026-06": 0.23,
EPS CAGR: 37.78%
EPS Trend: 34.0%
Last SUE: 0.07
Qual. Beats: 0
Revenue Revenue of ODL over the last years for every Quarter: 2021-09: 153.6, 2021-12: 143.4, 2022-03: 154.8, 2022-06: 163.1, 2022-09: 164.8, 2022-12: 166.8, 2023-03: 170.9, 2023-06: 183.8, 2023-09: 186, 2023-12: 191.8, 2024-03: 194.4, 2024-06: 191.3, 2024-09: 186.3, 2024-12: 125.3, 2025-03: 115.1, 2025-06: 108, 2025-09: 2359.659162, 2025-12: 143, 2026-03: 147.5, 2026-06: 123.2,
Rev. CAGR: 77.62%
Rev. Trend: 75.6%
Last SUE: -0.09
Qual. Beats: 0

Warnings

Beneish M-Score Likely Earnings Manipulation

Tailwinds

Idiosyncratic Leader
Tailwind
Confidence

Seasonality 11.7 years of data

Jan -1.0% 5
Feb +0.2% 10
Mar -2.3% 8
Apr -5.0% 39
May +4.5% 11
Jun -0.6% 19
Jul +0.7% 7
Aug -0.4% 5
Sep +1.4% 5
Oct -0.3% 11
Nov -4.2% 42
Dec +8.2% 16

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.

Description: ODL Odfjell Drilling

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.

Headlines to Watch Out For
  • 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
Piotroski VR-10 (Strict) 6.0
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)
Altman Z'' 5.49
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
Beneish M 0.27
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
What is the price of ODL shares?

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).

Is ODL a buy, sell or hold?

Odfjell Drilling has no consensus analysts rating.

Odfjell Drilling (ODL) - Fundamental Data Overview as of 27 October 2026
Market Cap USD = 2.84b (26.1b NOK * 0.10846 NOK.USD)
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)