BW OFFSHORE LTD (BWO.OL) Stock Fundamental Analysis

OSL:BWO • BMG1190N1002

50.8 NOK
-1.1 (-2.12%)
Last: Feb 27, 2026, 01:10 PM
Fundamental Rating

5

Overall BWO gets a fundamental rating of 5 out of 10. We evaluated BWO against 36 industry peers in the Energy Equipment & Services industry. BWO has only an average score on both its financial health and profitability. BWO has a bad growth rate and is valued cheaply. BWO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • BWO had positive earnings in the past year.
  • BWO had a positive operating cash flow in the past year.
  • BWO had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years BWO had a positive operating cash flow.
BWO.OL Yearly Net Income VS EBIT VS OCF VS FCFBWO.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

1.2 Ratios

  • With a Return On Assets value of 3.62%, BWO perfoms like the industry average, outperforming 47.22% of the companies in the same industry.
  • BWO has a better Return On Equity (13.34%) than 72.22% of its industry peers.
  • BWO has a worse Return On Invested Capital (3.37%) than 75.00% of its industry peers.
  • BWO had an Average Return On Invested Capital over the past 3 years of 3.55%. This is significantly below the industry average of 10.18%.
Industry RankSector Rank
ROA 3.62%
ROE 13.34%
ROIC 3.37%
ROA(3y)3.08%
ROA(5y)0.08%
ROE(3y)11.62%
ROE(5y)1.03%
ROIC(3y)3.55%
ROIC(5y)4.34%
BWO.OL Yearly ROA, ROE, ROICBWO.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • Looking at the Profit Margin, with a value of 29.15%, BWO belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • BWO's Profit Margin has improved in the last couple of years.
  • The Operating Margin of BWO (28.57%) is better than 97.22% of its industry peers.
  • BWO's Operating Margin has improved in the last couple of years.
  • The Gross Margin of BWO (51.03%) is better than 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of BWO has declined.
Industry RankSector Rank
OM 28.57%
PM (TTM) 29.15%
GM 51.03%
OM growth 3Y13.41%
OM growth 5Y3.21%
PM growth 3Y38.09%
PM growth 5Y17.92%
GM growth 3Y-3.25%
GM growth 5Y-4.87%
BWO.OL Yearly Profit, Operating, Gross MarginsBWO.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BWO is destroying value.
  • The number of shares outstanding for BWO remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for BWO has been reduced compared to 5 years ago.
  • The debt/assets ratio for BWO has been reduced compared to a year ago.
BWO.OL Yearly Shares OutstandingBWO.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BWO.OL Yearly Total Debt VS Total AssetsBWO.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • BWO has a debt to FCF ratio of 2018.75. This is a negative value and a sign of low solvency as BWO would need 2018.75 years to pay back of all of its debts.
  • BWO has a worse Debt to FCF ratio (2018.75) than 66.67% of its industry peers.
  • BWO has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
  • BWO has a worse Debt to Equity ratio (1.37) than 80.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 2018.75
Altman-Z N/A
ROIC/WACC0.42
WACC7.95%
BWO.OL Yearly LT Debt VS Equity VS FCFBWO.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • BWO has a Current Ratio of 2.21. This indicates that BWO is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.21, BWO is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • BWO has a Quick Ratio of 2.21. This indicates that BWO is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Quick ratio value of 2.21, BWO is doing good in the industry, outperforming 77.78% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.21
Quick Ratio 2.21
BWO.OL Yearly Current Assets VS Current LiabilitesBWO.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

3

3. Growth

3.1 Past

  • BWO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.26%, which is quite impressive.
  • Measured over the past years, BWO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.62% on average per year.
  • Looking at the last year, BWO shows a very negative growth in Revenue. The Revenue has decreased by -19.34% in the last year.
  • The Revenue has been decreasing by -8.53% on average over the past years.
EPS 1Y (TTM)32.26%
EPS 3Y27.16%
EPS 5Y-0.62%
EPS Q2Q%62.5%
Revenue 1Y (TTM)-19.34%
Revenue growth 3Y-9.89%
Revenue growth 5Y-8.53%
Sales Q2Q%-32.94%

3.2 Future

  • Based on estimates for the next years, BWO will show a very negative growth in Earnings Per Share. The EPS will decrease by -18.31% on average per year.
  • The Revenue is expected to grow by 6.93% on average over the next years.
EPS Next Y17.03%
EPS Next 2Y17.42%
EPS Next 3Y-18.31%
EPS Next 5YN/A
Revenue Next Year-25.12%
Revenue Next 2Y10.34%
Revenue Next 3Y6.93%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BWO.OL Yearly Revenue VS EstimatesBWO.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
BWO.OL Yearly EPS VS EstimatesBWO.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.48 indicates a rather cheap valuation of BWO.
  • Based on the Price/Earnings ratio, BWO is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
  • BWO is valuated cheaply when we compare the Price/Earnings ratio to 27.11, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 6.12, the valuation of BWO can be described as very cheap.
  • 91.67% of the companies in the same industry are more expensive than BWO, based on the Price/Forward Earnings ratio.
  • BWO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.13.
Industry RankSector Rank
PE 6.48
Fwd PE 6.12
BWO.OL Price Earnings VS Forward Price EarningsBWO.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • BWO's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BWO indicates a slightly more expensive valuation: BWO is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1228.68
EV/EBITDA 8.45
BWO.OL Per share dataBWO.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • BWO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BWO has a very decent profitability rating, which may justify a higher PE ratio.
  • BWO's earnings are expected to decrease with -18.31% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y17.42%
EPS Next 3Y-18.31%

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.48%, BWO is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.18, BWO pays a better dividend. On top of this BWO pays more dividend than 80.56% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, BWO pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.48%

5.2 History

  • The dividend of BWO is nicely growing with an annual growth rate of 18.85%!
Dividend Growth(5Y)18.85%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 57.99% of the earnings are spent on dividend by BWO. This is a bit on the high side, but may be sustainable.
  • BWO's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP57.99%
EPS Next 2Y17.42%
EPS Next 3Y-18.31%
BWO.OL Yearly Income VS Free CF VS DividendBWO.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M
BWO.OL Dividend Payout.BWO.OL Dividend Payout, showing the Payout Ratio.BWO.OL Dividend Payout.PayoutRetained Earnings

BW OFFSHORE LTD

OSL:BWO (2/27/2026, 1:10:31 PM)

50.8

-1.1 (-2.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-14
Earnings (Next)02-27
Inst Owners25.68%
Inst Owner ChangeN/A
Ins Owners1.64%
Ins Owner ChangeN/A
Market Cap9.40B
Revenue(TTM)517.70M
Net Income(TTM)150.90M
Analysts77.14
Price Target36.72 (-27.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.48%
Yearly Dividend4.15
Dividend Growth(5Y)18.85%
DP57.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.39%
Min EPS beat(2)7.26%
Max EPS beat(2)15.51%
EPS beat(4)4
Avg EPS beat(4)63.75%
Min EPS beat(4)7.26%
Max EPS beat(4)158.95%
EPS beat(8)6
Avg EPS beat(8)23.72%
EPS beat(12)7
Avg EPS beat(12)9.38%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)17.55%
Min Revenue beat(2)3.3%
Max Revenue beat(2)31.81%
Revenue beat(4)3
Avg Revenue beat(4)9.48%
Min Revenue beat(4)-8.87%
Max Revenue beat(4)31.81%
Revenue beat(8)7
Avg Revenue beat(8)18.41%
Revenue beat(12)11
Avg Revenue beat(12)20%
Revenue beat(16)15
Avg Revenue beat(16)16.55%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.83%
Revenue NQ rev (3m)-2.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 6.48
Fwd PE 6.12
P/S 1.9
P/FCF 1228.68
P/OCF 2.58
P/B 0.87
P/tB 0.94
EV/EBITDA 8.45
EPS(TTM)7.84
EY15.43%
EPS(NY)8.3
Fwd EY16.34%
FCF(TTM)0.04
FCFY0.08%
OCF(TTM)19.68
OCFY38.74%
SpS26.76
BVpS58.48
TBVpS53.88
PEG (NY)0.38
PEG (5Y)N/A
Graham Number101.57
Profitability
Industry RankSector Rank
ROA 3.62%
ROE 13.34%
ROCE 3.74%
ROIC 3.37%
ROICexc 3.74%
ROICexgc 3.83%
OM 28.57%
PM (TTM) 29.15%
GM 51.03%
FCFM 0.15%
ROA(3y)3.08%
ROA(5y)0.08%
ROE(3y)11.62%
ROE(5y)1.03%
ROIC(3y)3.55%
ROIC(5y)4.34%
ROICexc(3y)3.88%
ROICexc(5y)4.74%
ROICexgc(3y)4%
ROICexgc(5y)4.86%
ROCE(3y)3.93%
ROCE(5y)4.81%
ROICexgc growth 3Y-13.43%
ROICexgc growth 5Y-11.95%
ROICexc growth 3Y-12.75%
ROICexc growth 5Y-11.64%
OM growth 3Y13.41%
OM growth 5Y3.21%
PM growth 3Y38.09%
PM growth 5Y17.92%
GM growth 3Y-3.25%
GM growth 5Y-4.87%
F-Score5
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 2018.75
Debt/EBITDA 5.88
Cap/Depr 326.74%
Cap/Sales 73.4%
Interest Coverage 250
Cash Conversion 144.13%
Profit Quality 0.53%
Current Ratio 2.21
Quick Ratio 2.21
Altman-Z N/A
F-Score5
WACC7.95%
ROIC/WACC0.42
Cap/Depr(3y)330.89%
Cap/Depr(5y)226.33%
Cap/Sales(3y)92.97%
Cap/Sales(5y)64.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.26%
EPS 3Y27.16%
EPS 5Y-0.62%
EPS Q2Q%62.5%
EPS Next Y17.03%
EPS Next 2Y17.42%
EPS Next 3Y-18.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.34%
Revenue growth 3Y-9.89%
Revenue growth 5Y-8.53%
Sales Q2Q%-32.94%
Revenue Next Year-25.12%
Revenue Next 2Y10.34%
Revenue Next 3Y6.93%
Revenue Next 5YN/A
EBIT growth 1Y-3.71%
EBIT growth 3Y2.19%
EBIT growth 5Y-5.59%
EBIT Next Year72.24%
EBIT Next 3Y48.79%
EBIT Next 5YN/A
FCF growth 1Y100.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-24.35%
OCF growth 3Y-10.73%
OCF growth 5Y-9.82%

BW OFFSHORE LTD / BWO.OL FAQ

Can you provide the ChartMill fundamental rating for BW OFFSHORE LTD?

ChartMill assigns a fundamental rating of 5 / 10 to BWO.OL.


What is the valuation status for BWO stock?

ChartMill assigns a valuation rating of 7 / 10 to BW OFFSHORE LTD (BWO.OL). This can be considered as Undervalued.


What is the profitability of BWO stock?

BW OFFSHORE LTD (BWO.OL) has a profitability rating of 6 / 10.


What is the expected EPS growth for BW OFFSHORE LTD (BWO.OL) stock?

The Earnings per Share (EPS) of BW OFFSHORE LTD (BWO.OL) is expected to grow by 17.03% in the next year.


Is the dividend of BW OFFSHORE LTD sustainable?

The dividend rating of BW OFFSHORE LTD (BWO.OL) is 7 / 10 and the dividend payout ratio is 57.99%.