XOSLNOL
Market cap195mUSD
Dec 20, Last price
7.46NOK
1D
-3.62%
1Q
17.67%
IPO
-71.42%
Name
Northern Ocean Ltd
Chart & Performance
P/E
—
P/S
0.84
EPS
—
Div Yield, %
0.00%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
237m
+993.73%
Net income
-71m
L-23.68%
CFO
-31m
L-42.07%
Earnings
Feb 25, 2025
Profile
Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 236,923 993.73% | 21,662 -68.04% | 67,778 -28.36% | ||
Cost of revenue | 260,508 | 47,829 | 60,369 | ||
Unusual Expense (Income) | |||||
NOPBT | (23,585) | (26,167) | 7,409 | ||
NOPBT Margin | 10.93% | ||||
Operating Taxes | 2,762 | 388 | (3,067) | ||
Tax Rate | |||||
NOPAT | (26,347) | (26,555) | 10,476 | ||
Net income | (70,898) -23.68% | (92,890) 35.41% | (68,599) 87.90% | ||
Dividends | |||||
Dividend yield | |||||
Proceeds from repurchase of equity | 959 | 103,855 | |||
BB yield | |||||
| Debt | |||||
Debt current | 83,810 | 20,166 | 10,000 | ||
Long-term debt | 458,053 | 461,751 | 459,531 | ||
Deferred revenue | 2,715 | 6,237 | 2,934 | ||
Other long-term liabilities | |||||
Net debt | 487,478 | 414,423 | 464,070 | ||
| Cash flow | |||||
Cash from operating activities | (30,594) | (52,815) | (21,809) | ||
CAPEX | (48,966) | (4,679) | (206) | ||
Cash from investing activities | (48,966) | (4,679) | (206) | ||
Cash from financing activities | 61,130 | 114,803 | |||
FCF | (27,500) | (173) | 12,404 | ||
| Balance | |||||
Cash | 54,385 | 67,494 | 5,461 | ||
Long term investments | |||||
Excess cash | 42,539 | 66,411 | 2,072 | ||
Stockholders' equity | (128,608) | (58,240) | 7,644 | ||
Invested Capital | 1,109,975 | 1,052,833 | 966,025 | ||
ROIC | 1.09% | ||||
ROCE | 0.77% | ||||
| EV | |||||
Common stock shares outstanding | 182,677 | 115,495 | 63,802 | ||
Price | |||||
Market cap | |||||
EV | |||||
EBITDA | 19,304 | 14,042 | 50,066 | ||
EV/EBITDA | |||||
Interest | 45,992 | 27,855 | 19,643 | ||
Interest/NOPBT | 265.12% | ||||