Odfjell Drilling Ltd.

OB:ODL Stock Report

Market Cap: NOK 21.1b

Odfjell Drilling Valuation

Is ODL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ODL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ODL (NOK87.9) is trading below our estimate of future cash flow value (NOK189.2)

Significantly Below Future Cash Flow Value: ODL is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ODL?

Key metric: As ODL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ODL. This is calculated by dividing ODL's market cap by their current earnings.
What is ODL's PE Ratio?
PE Ratio10.6x
EarningsUS$209.60m
Market CapUS$2.22b

Price to Earnings Ratio vs Peers

How does ODL's PE Ratio compare to its peers?

The above table shows the PE ratio for ODL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
PLSV Paratus Energy Services
7.4x-3.63%NOK 7.6b
VTURA Ventura Offshore Holding
3.3x9.15%NOK 3.1b
OTL Odfjell Technology
8.2x18.64%NOK 2.5b
DVD Deep Value Driller
9.2xn/aNOK 1.9b
ODL Odfjell Drilling
10.6x5.53%NOK 21.1b

Price-To-Earnings vs Peers: ODL is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ODL's PE Ratio compare vs other companies in the NO Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PRS Prosafe
1.1x-65.61%US$171.18m
DWELLOP Dwellop
0.9xn/aUS$3.91m
AWDR Awilco Drilling
0.01xn/aUS$2.46m
No more companies available in this PE range
ODL 10.6xIndustry Avg. 7.1xNo. of Companies5PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODL is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the Norwegian Energy Services industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is ODL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ODL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: ODL is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ODL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 87.90
NOK 109.51
+24.58%
4.21%NOK 114.98NOK 102.21n/a4
Jun ’27NOK 87.40
NOK 109.51
+25.30%
4.21%NOK 114.98NOK 102.21n/a4
May ’27NOK 99.40
NOK 115.98
+16.68%
2.15%NOK 119.48NOK 113.91n/a3
Apr ’27NOK 101.40
NOK 115.98
+14.38%
2.15%NOK 119.48NOK 113.91n/a3
Mar ’27NOK 106.00
NOK 115.98
+9.41%
2.15%NOK 119.48NOK 113.91n/a3
Feb ’27NOK 95.70
NOK 104.44
+9.13%
3.49%NOK 109.57NOK 101.52n/a3
Jan ’27NOK 87.50
NOK 105.80
+20.92%
3.18%NOK 108.55NOK 101.06n/a3
Dec ’26NOK 85.30
NOK 105.28
+23.43%
3.10%NOK 109.80NOK 102.23n/a3
Nov ’26NOK 81.50
NOK 97.71
+19.89%
2.00%NOK 99.92NOK 95.17n/a3
Oct ’26NOK 77.60
NOK 95.31
+22.83%
6.85%NOK 100.10NOK 86.09n/a3
Sep ’26NOK 81.50
NOK 95.31
+16.95%
6.85%NOK 100.10NOK 86.09n/a3
Aug ’26NOK 73.00
NOK 83.74
+14.71%
14.21%NOK 98.80NOK 65.52n/a4
Jul ’26NOK 67.60
NOK 80.94
+19.73%
14.24%NOK 95.19NOK 63.13n/a4
Jun ’26NOK 63.60
NOK 83.12
+30.69%
14.20%NOK 98.72NOK 65.47NOK 87.404
May ’26NOK 53.80
NOK 81.97
+52.37%
14.65%NOK 100.01NOK 66.32NOK 99.404
Apr ’26NOK 58.70
NOK 82.42
+40.41%
10.96%NOK 95.03NOK 69.86NOK 101.404
Mar ’26NOK 60.80
NOK 86.00
+41.44%
12.46%NOK 100.11NOK 70.25NOK 106.004
Feb ’26NOK 62.20
NOK 85.67
+37.73%
12.34%NOK 99.97NOK 71.43NOK 95.704
Jan ’26NOK 51.30
NOK 85.18
+66.05%
13.81%NOK 102.94NOK 70.64NOK 87.504
Dec ’25NOK 48.70
NOK 84.48
+73.47%
13.72%NOK 101.91NOK 69.93NOK 85.304
Nov ’25NOK 50.50
NOK 83.25
+64.84%
14.80%NOK 103.09NOK 70.50NOK 81.504
Oct ’25NOK 50.80
NOK 82.34
+62.08%
14.99%NOK 102.23NOK 69.91NOK 77.604
Sep ’25NOK 53.20
NOK 80.70
+51.69%
14.77%NOK 99.95NOK 68.87NOK 81.504
Aug ’25NOK 58.70
NOK 70.73
+20.49%
14.05%NOK 86.38NOK 59.94NOK 73.004
Jul ’25NOK 58.70
NOK 70.73
+20.49%
14.05%NOK 86.38NOK 59.94NOK 67.604
Jun ’25NOK 57.60
NOK 69.89
+21.34%
13.62%NOK 84.99NOK 60.04NOK 63.604
NOK 109.51
Fair Value
19.7% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 22:29
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Odfjell Drilling Ltd. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Steffen EvjenDanske Bank
Kristian AarliDNB Carnegie