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 Maritime ASA is a Norwegian shipping company specializing in offshore service vessels for the global energy markets. Established on January 16, 2024, as part of the Solstad Group's refinancing, it owns and operates 32 modern vessels, including construction support vessels and anchor handling tug supply vessels, suitable for both renewable energy projects and oil and gas activities. The company provides essential maritime services such as remotely operated vehicles (ROVs), surveys, and additional support through Solstad Services, ensuring comprehensive solutions for offshore operations. Headquartered in Skudeneshavn, Norway, Solstad Maritime ASA employs approximately 1,500 people and maintains a worldwide presence with key operations in regions like the North Sea, Brazil, Southeast Asia, Australia, and Africa. It emphasizes sustainability through initiatives like the Solstad Green Operations program, which has enhanced fuel efficiency and reduced CO2 emissions. As a distinct entity from Solstad Offshore ASA, it plays a vital role in delivering reliable, safe, and competent tonnage to energy sector clients, supporting complex subsea and construction projects globally.
NOK 2.07
+NOK 0.00 (+0.00%)
EOD Jul 1, 2026
34.42% operating margin is above average. ROIC at 2.50%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 88.7% YoY. Margins deteriorated 3.4pp alongside, both lines moving the wrong way.
Free cash flow declined 92% versus the prior year, cash generation momentum has weakened. ROIC dropped from 14.57% to 2.50%, capital efficiency is deteriorating.
0.4x earnings, 0.6x 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)
$760M
▼ -88.7% YoY
Net Income (TTM)
$255M
▼ -90.5% YoY
Op. Margin
29.22%
▼ -3.4pp YoY
ROIC
2.50%
▼ -12.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$167M
▼ -92.0% YoY
Op. Cash Flow (FY)
$247M
▼ -92.0% YoY
Net Debt
$559M
Cash & Equiv.
$49M
3Y CAGR: +157.1%
3Y CAGR: +196.6%
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At a P/E of 0.4 and a price-to-free-cash-flow of 0.6, Solstad Maritime ASA (SOMA.XOSL) trades below a two-stage DCF intrinsic value of about $5.01 per share, so at $2.07 the stock looks undervalued (142.5% 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, Solstad Maritime ASA scores 70/100 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 110.8%; 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 $5.01 per share for SOMA.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 $3.76. At today's $2.07, that puts the stock about 142.5% 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.
Solstad Maritime ASA scores 70 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 29.2% operating margin and a 2.5% 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 Maritime ASA pays a regular dividend of about $0.23 per share per year (typically in quarterly installments), a yield of roughly 110.8% at the current price. That is a payout ratio of about 42.2% of earnings, so the dividend is well covered. Solstad Maritime ASA has grown the dividend at roughly 169.9% 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 SOMA.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. SOMA.XOSL currently trades below its estimated intrinsic value and scores 70/100 on quality (solid). It also yields about 110.8%. 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.