Added to YB: 2024-06-24
Pitch date: 2024-06-14
OTL.OL [bullish]
Odfjell Technology Ltd.
+15.27%
current return
Author Info
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Company Info
Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.
Market Cap
NOK 2.2B
Pitch Price
NOK 48.15
Price Target
85.00 (+53%)
Dividend
10.95%
EV/EBITDA
5.32
P/E
7.45
EV/Sales
0.66
Sector
Energy Equipment and Services
Category
growth
Equity Deep Dive #1: Odfjell Technology
OTL.OL: Norwegian oil drilling co. Three segments: well services, projects & engineering, operations. Mostly in Norway, UK, Europe. Buy rating, 85 DKK PT. Key growth drivers: population growth in EM, Ukraine war reducing Europe's reliance on Russian oil/gas. Strong financials: 16% net income CAGR, impressive FCF growth, assets cover debt. Industry-leading 22% proj. 3yr CAGR. Cheap at 6.8 P/E vs S&P500's 17x. Risks: political, as in fossil fuel industry.
Read full article (4 min)