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.
Solstad Offshore ASA is a leading Norwegian owner and operator of offshore service vessels, specializing in maritime support for the global offshore energy industry, encompassing both petroleum and renewable sectors. Founded in 1964 and headquartered in Skudeneshavn, Norway, the company provides essential services including subsea construction, renewable energy support, node seismic operations, well stimulation, mooring installations, and remotely operated vehicles (ROVs), along with engineering and project personnel. Its modern fleet primarily consists of construction service vessels (CSVs) and anchor handling tug supply vessels (AHTS), designed for extreme conditions and complex projects following the 2023 divestment of its platform supply vessel fleet. Solstad Offshore ASA operates across key regions such as the North Sea, Brazil, Australia, Asia, Africa, and North America, with offices on four continents and approximately 3,200 skilled employees upholding high standards in safety, reliability, and environmental performance through initiatives like Solstad Green Operations. As one of the largest specialized providers in the marine shipping sector, it plays a pivotal role in enabling offshore projects for major energy clients worldwide.
NOK 55.20
NOK 3.00 (-5.15%)
Live · 05:21 PM
30.96% operating margin is above average. ROIC at 11.75%.
Revenue up 12.0% YoY with margins expanding 14.0pp.
At 33x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
32.7x earnings, 31.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 290M
▲ +12.0% YoY
Net Income (TTM)
NOK 141M
▲ +19.6% YoY
Op. Margin
30.96%
▲ +14.0pp YoY
ROIC
11.75%
▲ +8.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 145M
▲ +21.5% YoY
Op. Cash Flow (TTM)
NOK 199M
▲ +56.9% YoY
Net Debt
NOK 302M
Cash & Equiv.
NOK 74M
3Y CAGR: -60.1%
3Y CAGR: -52.1%
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At a P/E of 32.7 and a price-to-free-cash-flow of 31.8, Solstad Offshore ASA (SOFF.XOSL) trades above a two-stage DCF intrinsic value of about NOK 26.51 per share, so at NOK 55.20 the stock looks overvalued (52.0% above 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, Solstad Offshore ASA scores 31/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.1%; 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 NOK 26.51 per share for SOFF.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 NOK 19.88. At today's NOK 55.20, that puts the stock about 52.0% above 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.
Solstad Offshore ASA scores 31 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 31.0% operating margin and a 11.7% 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, Solstad Offshore ASA pays a regular dividend of about NOK 0.05 per share per year (typically in quarterly installments), a yield of roughly 0.1% at the current price. That is a payout ratio of about 2.9% of earnings, so the dividend is amply covered by earnings. 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 SOFF.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. SOFF.XOSL currently trades above its estimated intrinsic value and scores 31/100 on quality (lower-quality). It also yields about 0.1%. 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.