Northern Ocean Ltd
OSE:NOL

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Northern Ocean Ltd
OSE:NOL
Watchlist
Price: 5.86 NOK 1.74% Market Closed
Market Cap: 1.8B NOK
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one NOL stock under the Base Case scenario is 27.62 NOK. Compared to the current market price of 5.86 NOK, Northern Ocean Ltd is Undervalued by 79%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOL Relative Value
Base Case
27.62 NOK
Undervaluation 79%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.7
P/S
P/S
Price to Sales
0.7
vs History
58
vs Industry
62
Median 3Y
0.8
Median 5Y
0.8
Industry
2
Forward
0.7
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-2.8
Median 5Y
-2.6
Industry
17.3
Forward
-3.6
More Details
48.8
P/OCF
P/OCF
Price to OCF
48.8
vs History
6
vs Industry
24
Median 3Y
-3.4
Median 5Y
-2.7
Industry
10.5
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
18
Median 3Y
-3.5
Median 5Y
-3.2
Industry
13.3
More Details
0.4
P/B
P/B
Price to Book Value
0.4
vs History
34
vs Industry
57
Median 3Y
0.4
Median 5Y
0.3
Industry
1.7
More Details
2.7
EV/S
EV/S
Enterprise Value to Sales
2.7
vs History
60
vs Industry
44
Median 3Y
2.7
Median 5Y
3.6
Industry
3
Forward
2.6
More Details
10.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.5
vs History
65
vs Industry
24
Median 3Y
11.8
Median 5Y
12.6
Industry
6.6
More Details
14.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
14.9
vs History
31
vs Industry
10
Median 3Y
13.7
Median 5Y
-5.5
Industry
10.7
Forward
9.9
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-16
Median 5Y
-14.2
Industry
12.9
Forward
60.2
More Details
177.5
EV/OCF
EV/OCF
Enterprise Value to OCF
177.5
vs History
7
vs Industry
14
Median 3Y
-9.8
Median 5Y
-9.8
Industry
11.2
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
0
Median 3Y
-9.1
Median 5Y
-9.1
Industry
12.2
More Details
0.6
EV/IC
EV/IC
Enterprise Value to IC
0.6
vs History
19
vs Industry
50
Median 3Y
0.6
Median 5Y
0.6
Industry
1.6
More Details

Multiples Across Competitors

NOL Competitors Multiples
Northern Ocean Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
BM
Northern Ocean Ltd
OSE:NOL
1.8B NOK 0.7 -2.6 14.9 -68.5
CN
China Oilfield Services Ltd
SSE:601808
41.5B CNY 0.8 12.2 7.4 7.4
US
Noble Corporation PLC
CSE:NOBLE
31.4B DKK 1.4 15.9 5.2 9.2
US
Noble Corp (Cayman Island)
NYSE:NE
4.3B USD 1.2 13.9 4.7 8.3
SA
ADES Holding Company SJSC
SAU:2382
14.1B SAR 2.3 17.9 7.7 13.5
BM
Valaris Ltd
NYSE:VAL
3.3B USD 1.3 12 5.8 7.2
CH
Transocean Ltd
NYSE:RIG
2.7B USD 0.7 -1.8 6.6 15.9
DK
Maersk Drilling A/S
F:72D
1.9B EUR 1.9 25.1 6.8 36.7
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
2.1B USD 0.4 -2 3.2 -23
SA
Arabian Drilling Co
SAU:2381
6.9B SAR 2 29.1 6.5 19.4
BM
Seadrill Ltd
NYSE:SDRL
1.8B USD 1.3 23.3 7.9 35.8
P/E Multiple
Earnings Growth PEG
BM
Northern Ocean Ltd
OSE:NOL
Average P/E: 18.7
Negative Multiple: -2.6 		N/A N/A
CN
China Oilfield Services Ltd
SSE:601808
12.2
16%
0.8
US
Noble Corporation PLC
CSE:NOBLE
15.9
-5%
N/A
US
Noble Corp (Cayman Island)
NYSE:NE
13.9
-5%
N/A
SA
A
ADES Holding Company SJSC
SAU:2382
17.9
19%
0.9
BM
Valaris Ltd
NYSE:VAL
12
12%
1
CH
Transocean Ltd
NYSE:RIG
Negative Multiple: -1.8 N/A N/A
DK
M
Maersk Drilling A/S
F:72D
25.1
-29%
N/A
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
Negative Multiple: -2 N/A N/A
SA
A
Arabian Drilling Co
SAU:2381
29.1
29%
1
BM
Seadrill Ltd
NYSE:SDRL
23.3
-12%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BM
Northern Ocean Ltd
OSE:NOL
Average EV/EBIT: 17.1
Negative Multiple: -68.5 		N/A N/A
CN
China Oilfield Services Ltd
SSE:601808
7.4
12%
0.6
US
Noble Corporation PLC
CSE:NOBLE
9.2
0%
N/A
US
Noble Corp (Cayman Island)
NYSE:NE
8.3
0%
N/A
SA
A
ADES Holding Company SJSC
SAU:2382
13.5
9%
1.5
BM
Valaris Ltd
NYSE:VAL
7.2
19%
0.4
CH
Transocean Ltd
NYSE:RIG
15.9
16%
1
DK
M
Maersk Drilling A/S
F:72D
36.7
9%
4.1
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
Negative Multiple: -23
30%
N/A
SA
A
Arabian Drilling Co
SAU:2381
19.4
16%
1.2
BM
Seadrill Ltd
NYSE:SDRL
35.8
22%
1.6

See Also

Summary
NOL intrinsic value, competitors valuation, and company profile.
DCF Valuation
NOL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NOL stock valuation using valuation multiples.
Wall Street Estimates
NOL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NOL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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