Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DOF Group ASA is a leading global offshore services company specializing in the ownership and operation of a diverse fleet of subsea and supply vessels for the energy sector. Founded in 1981 and headquartered in Storebø, Norway, it emerged as the new parent entity following the 2023 bankruptcy restructuring of its predecessor, DOF ASA, and continues operations with over 6,000 employees worldwide. The company delivers integrated services through segments including DOF Subsea Group, DOF Denmark, DOF Rederi & Iceman, Norskan Offshore, and corporate functions, encompassing subsea engineering, project management, construction, installation, decommissioning, diving, ROV operations, survey, and renewables support like floating wind services. Its fleet comprises approximately 6 platform supply vessels (PSVs), 28 anchor handling tug supply (AHTS) vessels, 18 construction support vessels (CSVs), and 78 remotely operated and autonomous underwater vehicles. With global operations spanning Brazil, the United States, Australia, the UK, Angola, and beyond, DOF Group ASA plays a vital role in supporting offshore oil and gas exploration, production, and sustainable energy transitions.
€10.68
+€0.55 (+5.43%)
EOD Jul 2, 2026
24.16% operating margin is above average. ROIC at 11.61%.
Revenue up 35.1% YoY with margins expanding 4.7pp. However, free cash flow softened 15%, worth monitoring whether this is timing or structural.
Free cash flow declined 15% versus the prior year, cash generation momentum has weakened. Net debt of $1.21B represents 5.1x FCF, leverage limits flexibility.
6.6x earnings, 15.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.95B
▲ +35.1% YoY
Net Income (TTM)
$461M
▲ +162.4% YoY
Op. Margin
23.76%
▲ +4.7pp YoY
ROIC
11.61%
▲ +2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$197M
▼ -14.8% YoY
Op. Cash Flow (TTM)
$404M
▲ +19.0% YoY
Net Debt
$1.21B
Cash & Equiv.
$487M
3Y CAGR: +25.6%
3Y CAGR: +10.6%
Continue Research
At a P/E of 6.6 and a price-to-free-cash-flow of 15.4, DOF Group ASA (DOFG.XOSL) trades below a two-stage DCF intrinsic value of about $35.25 per share, so at $10.68 the stock looks undervalued (230.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, DOF Group ASA scores 67/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $35.25 per share for DOFG.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $26.43. At today's $10.68, that puts the stock about 230.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
DOF Group ASA scores 67 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 23.8% operating margin and a 11.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, DOF Group ASA pays a regular dividend of about $0.94 per share per year (typically in quarterly installments), a yield of roughly 7.7% at the current price. That is a payout ratio of about 50.8% of earnings, so the dividend is well covered. DOF Group ASA has grown the dividend at roughly 311.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For DOFG.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. DOFG.XOSL currently trades below its estimated intrinsic value and scores 67/100 on quality (solid). It also yields about 7.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.