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DOF GROUP ASA (DOFG.OL) Stock Fundamental Analysis

OSL:DOFG - Euronext Oslo - NO0012851874 - Common Stock - Currency: NOK

82.95  +2.1 (+2.6%)

Fundamental Rating

5

Overall DOFG gets a fundamental rating of 5 out of 10. We evaluated DOFG against 35 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of DOFG get a neutral evaluation. Nothing too spectacular is happening here. DOFG is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

DOFG had positive earnings in the past year.
In the past year DOFG had a positive cash flow from operations.
In multiple years DOFG reported negative net income over the last 5 years.
DOFG had a positive operating cash flow in each of the past 5 years.
DOFG.OL Yearly Net Income VS EBIT VS OCF VS FCFDOFG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

DOFG has a Return On Assets (4.68%) which is in line with its industry peers.
With a Return On Equity value of 9.99%, DOFG perfoms like the industry average, outperforming 45.71% of the companies in the same industry.
The Return On Invested Capital of DOFG (6.29%) is comparable to the rest of the industry.
DOFG had an Average Return On Invested Capital over the past 3 years of 13.09%. This is above the industry average of 9.82%.
The last Return On Invested Capital (6.29%) for DOFG is well below the 3 year average (13.09%), which needs to be investigated, but indicates that DOFG had better years and this may not be a problem.
Industry RankSector Rank
ROA 4.68%
ROE 9.99%
ROIC 6.29%
ROA(3y)7.72%
ROA(5y)-0.31%
ROE(3y)119.89%
ROE(5y)N/A
ROIC(3y)13.09%
ROIC(5y)17.29%
DOFG.OL Yearly ROA, ROE, ROICDOFG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

DOFG has a Profit Margin of 12.78%. This is in the better half of the industry: DOFG outperforms 74.29% of its industry peers.
The Operating Margin of DOFG (19.42%) is better than 74.29% of its industry peers.
In the last couple of years the Operating Margin of DOFG has grown nicely.
Industry RankSector Rank
OM 19.42%
PM (TTM) 12.78%
GM N/A
OM growth 3Y22.25%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
DOFG.OL Yearly Profit, Operating, Gross MarginsDOFG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 -20 -40 -60

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4

2. Health

2.1 Basic Checks

DOFG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
DOFG has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, DOFG has an improved debt to assets ratio.
DOFG.OL Yearly Shares OutstandingDOFG.OL Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M
DOFG.OL Yearly Total Debt VS Total AssetsDOFG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

DOFG has an Altman-Z score of 1.55. This is a bad value and indicates that DOFG is not financially healthy and even has some risk of bankruptcy.
DOFG has a better Altman-Z score (1.55) than 77.14% of its industry peers.
The Debt to FCF ratio of DOFG is 5.98, which is a neutral value as it means it would take DOFG, 5.98 years of fcf income to pay off all of its debts.
DOFG has a Debt to FCF ratio of 5.98. This is comparable to the rest of the industry: DOFG outperforms 42.86% of its industry peers.
DOFG has a Debt/Equity ratio of 0.84. This is a neutral value indicating DOFG is somewhat dependend on debt financing.
DOFG's Debt to Equity ratio of 0.84 is in line compared to the rest of the industry. DOFG outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF 5.98
Altman-Z 1.55
ROIC/WACC0.77
WACC8.14%
DOFG.OL Yearly LT Debt VS Equity VS FCFDOFG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

DOFG has a Current Ratio of 2.00. This is a normal value and indicates that DOFG is financially healthy and should not expect problems in meeting its short term obligations.
DOFG has a better Current ratio (2.00) than 65.71% of its industry peers.
A Quick Ratio of 2.00 indicates that DOFG should not have too much problems paying its short term obligations.
DOFG has a better Quick ratio (2.00) than 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 2
Quick Ratio 2
DOFG.OL Yearly Current Assets VS Current LiabilitesDOFG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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6

3. Growth

3.1 Past

DOFG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.85%.
The Revenue has grown by 22.67% in the past year. This is a very strong growth!
The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-69.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-69.75%
Revenue 1Y (TTM)22.67%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%38.31%

3.2 Future

DOFG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.67% yearly.
The Revenue is expected to grow by 11.48% on average over the next years. This is quite good.
EPS Next Y52.34%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
EPS Next 5YN/A
Revenue Next Year26.17%
Revenue Next 2Y15.8%
Revenue Next 3Y11.48%
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
DOFG.OL Yearly Revenue VS EstimatesDOFG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
DOFG.OL Yearly EPS VS EstimatesDOFG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0.5 1 1.5

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.10, the valuation of DOFG can be described as very reasonable.
Based on the Price/Earnings ratio, DOFG is valued a bit cheaper than 68.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of DOFG to the average of the S&P500 Index (28.18), we can say DOFG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.97, the valuation of DOFG can be described as very cheap.
DOFG's Price/Forward Earnings ratio is rather cheap when compared to the industry. DOFG is cheaper than 85.71% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of DOFG to the average of the S&P500 Index (20.81), we can say DOFG is valued rather cheaply.
Industry RankSector Rank
PE 9.1
Fwd PE 5.97
DOFG.OL Price Earnings VS Forward Price EarningsDOFG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, DOFG is valued a bit more expensive than 60.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DOFG indicates a somewhat cheap valuation: DOFG is cheaper than 62.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.11
EV/EBITDA 9.69
DOFG.OL Per share dataDOFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

DOFG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DOFG's earnings are expected to grow with 26.67% in the coming years.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y40.2%
EPS Next 3Y26.67%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.88%, DOFG has a reasonable but not impressive dividend return.
DOFG's Dividend Yield is comparable with the industry average which is at 7.27.
Compared to an average S&P500 Dividend Yield of 2.45, DOFG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.88%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DOFG pays out 0.56% of its income as dividend. This is a sustainable payout ratio.
DP0.56%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
DOFG.OL Yearly Income VS Free CF VS DividendDOFG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 200M -200M -400M
DOFG.OL Dividend Payout.DOFG.OL Dividend Payout, showing the Payout Ratio.DOFG.OL Dividend Payout.PayoutRetained Earnings

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DOF GROUP ASA

OSL:DOFG (5/2/2025, 7:00:00 PM)

82.95

+2.1 (+2.6%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-24 2025-02-24/bmo
Earnings (Next)05-16 2025-05-16
Inst Owners34.09%
Inst Owner ChangeN/A
Ins Owners2.06%
Ins Owner ChangeN/A
Market Cap20.43B
Analysts86.15
Price Target137.19 (65.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.88%
Yearly Dividend0.05
Dividend Growth(5Y)N/A
DP0.56%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)39.45%
Min EPS beat(2)19.22%
Max EPS beat(2)59.69%
EPS beat(4)2
Avg EPS beat(4)-22.26%
Min EPS beat(4)-91.22%
Max EPS beat(4)59.69%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-4.49%
Min Revenue beat(2)-7.02%
Max Revenue beat(2)-1.96%
Revenue beat(4)0
Avg Revenue beat(4)-5.23%
Min Revenue beat(4)-10.42%
Max Revenue beat(4)-1.5%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-48.81%
EPS NY rev (1m)-3.46%
EPS NY rev (3m)-2.16%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-8.13%
Revenue NY rev (1m)-1.51%
Revenue NY rev (3m)-1.71%
Valuation
Industry RankSector Rank
PE 9.1
Fwd PE 5.97
P/S 1.42
P/FCF 7.11
P/OCF 5.01
P/B 1.11
P/tB 1.11
EV/EBITDA 9.69
EPS(TTM)9.12
EY10.99%
EPS(NY)13.9
Fwd EY16.75%
FCF(TTM)11.66
FCFY14.06%
OCF(TTM)16.54
OCFY19.94%
SpS58.3
BVpS74.59
TBVpS74.46
PEG (NY)0.17
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.68%
ROE 9.99%
ROCE 8.17%
ROIC 6.29%
ROICexc 7.21%
ROICexgc 7.21%
OM 19.42%
PM (TTM) 12.78%
GM N/A
FCFM 20%
ROA(3y)7.72%
ROA(5y)-0.31%
ROE(3y)119.89%
ROE(5y)N/A
ROIC(3y)13.09%
ROIC(5y)17.29%
ROICexc(3y)26.86%
ROICexc(5y)37.53%
ROICexgc(3y)26.86%
ROICexgc(5y)37.53%
ROCE(3y)80.74%
ROCE(5y)94.31%
ROICexcg growth 3Y-44.68%
ROICexcg growth 5YN/A
ROICexc growth 3Y-44.7%
ROICexc growth 5YN/A
OM growth 3Y22.25%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF 5.98
Debt/EBITDA 4.5
Cap/Depr 187.1%
Cap/Sales 8.38%
Interest Coverage 2.72
Cash Conversion 118.73%
Profit Quality 156.5%
Current Ratio 2
Quick Ratio 2
Altman-Z 1.55
F-Score5
WACC8.14%
ROIC/WACC0.77
Cap/Depr(3y)451.26%
Cap/Depr(5y)281.9%
Cap/Sales(3y)9.05%
Cap/Sales(5y)8.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-69.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-69.75%
EPS Next Y52.34%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
EPS Next 5YN/A
Revenue 1Y (TTM)22.67%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%38.31%
Revenue Next Year26.17%
Revenue Next 2Y15.8%
Revenue Next 3Y11.48%
Revenue Next 5YN/A
EBIT growth 1Y22.83%
EBIT growth 3Y50.78%
EBIT growth 5YN/A
EBIT Next Year107.06%
EBIT Next 3Y34.68%
EBIT Next 5YN/A
FCF growth 1Y3177.78%
FCF growth 3Y64.48%
FCF growth 5YN/A
OCF growth 1Y241.74%
OCF growth 3Y38.12%
OCF growth 5YN/A