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Golden Energy Offshore Services AS
OSE:GEOS

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Golden Energy Offshore Services AS
OSE:GEOS
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Price: 8.5 NOK 3.03% Market Closed
Market Cap: kr601m

EV/IC

0.9
Current
48%
Cheaper
vs 3-y average of 1.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
kr1.3B
/
Invested Capital
kr1.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
kr1.3B
/
Invested Capital
kr1.4B

Valuation Scenarios

Golden Energy Offshore Services AS is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.8), the stock would be worth kr16.4 (93% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-94%
Maximum Upside
+169%
Average Upside
34%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.9 kr8.5
0%
3-Year Average 1.8 kr16.4
+93%
5-Year Average 2.5 kr22.83
+169%
Industry Average 0.1 kr0.5
-94%
Country Average 0.7 kr5.99
-30%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
NO
Golden Energy Offshore Services AS
OSE:GEOS
601m NOK 0.9 -7
CA
Enbridge Inc
TSX:ENB
164.4B CAD 1.2 22.7
US
Williams Companies Inc
NYSE:WMB
92.3B USD 2.1 35.3
US
Enterprise Products Partners LP
NYSE:EPD
82.2B USD 1.5 14.3
US
Kinder Morgan Inc
NYSE:KMI
72.4B USD 1.4 21.9
CA
TC Energy Corp
TSX:TRP
94.8B CAD 1.3 27.8
US
Energy Transfer LP
NYSE:ET
68.6B USD 1 16.4
US
ONEOK Inc
NYSE:OKE
56.9B USD 1.4 16.8
US
Cheniere Energy Inc
NYSE:LNG
56.8B USD 1.7 10.7
US
MPLX LP
NYSE:MPLX
57.7B USD 2 11.8
US
Targa Resources Corp
NYSE:TRGP
54.6B USD 3.1 29.6

Market Distribution

In line with most companies in Norway
Percentile
59th
Based on 675 companies
59th percentile
0.9
Low
0 — 0.3
Typical Range
0.3 — 1.4
High
1.4 —
Distribution Statistics
Norway
Min 0
30th Percentile 0.3
Median 0.7
70th Percentile 1.4
Max 1 148.2

Golden Energy Offshore Services AS
Glance View

Market Cap
601m NOK
Industry
Energy

Golden Energy Offshore Services AS engages in owning and chartering offshore vessels to oil companies. The company is headquartered in Alesund, More Og Romsdal. The company went IPO on 2018-04-05. The company is functioning as a holding company and operates through 4 subsidiaries that are active in the shipping business area. Its main activity is to own and charter out its wholly owned offshore vessels to international oil companies. The firm owns a fleet that can be used within the Oil & Gas and Renewable offshore industry. The fleet includes Energy Duchess, a Multi-Purpose Support Vessel (MPSV), Energy Empress, which is a Multi-Purpose Support Vessel (MPSV), as well as Energy Swan and Energy Scout, which are Platform Supply Vessels (PSVs). Golden Energy Offshore Services' subsidiaries include Energy Empress AS, Energy Scout AS and Energy Duchess AS.

GEOS Intrinsic Value
6.66 NOK
Overvaluation 22%
Intrinsic Value
Price kr8.5
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