OKEA ASA (OKEA.OL) Stock Fundamental Analysis
OSL:OKEA - Euronext Oslo - NO0010816895 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to OKEA. OKEA was compared to 58 industry peers in the Oil, Gas & Consumable Fuels industry. While OKEA is still in line with the averages on profitability rating, there are concerns on its financial health. OKEA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year OKEA has reported negative net income.
In the past year OKEA has reported a negative cash flow from operations.
In multiple years OKEA reported negative net income over the last 5 years.
OKEA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
OKEA has a Return On Assets of 1.68%. This is in the lower half of the industry: OKEA underperforms 72.41% of its industry peers.
With an excellent Return On Equity value of 30.15%, OKEA belongs to the best of the industry, outperforming 87.93% of the companies in the same industry.
OKEA has a better Return On Invested Capital (19.37%) than 89.66% of its industry peers.
OKEA had an Average Return On Invested Capital over the past 3 years of 23.72%. This is significantly above the industry average of 13.83%.
The 3 year average ROIC (23.72%) for OKEA is well above the current ROIC(19.37%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.68% | ||
| ROE | 30.15% | ||
| ROIC | 19.37% |
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
1.3 Margins
Looking at the Profit Margin, with a value of 3.52%, OKEA is doing worse than 65.52% of the companies in the same industry.
In the last couple of years the Profit Margin of OKEA has declined.
OKEA has a Operating Margin of 39.13%. This is amongst the best in the industry. OKEA outperforms 84.48% of its industry peers.
OKEA's Operating Margin has improved in the last couple of years.
OKEA has a better Gross Margin (69.77%) than 74.14% of its industry peers.
In the last couple of years the Gross Margin of OKEA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.13% | ||
| PM (TTM) | 3.52% | ||
| GM | 69.77% |
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
2. Health
2.1 Basic Checks
OKEA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, OKEA has about the same amount of shares outstanding.
Compared to 5 years ago, OKEA has more shares outstanding
Compared to 1 year ago, OKEA has a worse debt to assets ratio.
2.2 Solvency
OKEA has an Altman-Z score of 1.77. This is a bad value and indicates that OKEA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.77, OKEA is in line with its industry, outperforming 50.00% of the companies in the same industry.
OKEA has a Debt/Equity ratio of 2.75. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of OKEA (2.75) is worse than 91.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.75 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.77 |
ROIC/WACC2.31
WACC8.4%
2.3 Liquidity
OKEA has a Current Ratio of 1.38. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of OKEA (1.38) is comparable to the rest of the industry.
A Quick Ratio of 1.26 indicates that OKEA should not have too much problems paying its short term obligations.
The Quick ratio of OKEA (1.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The earnings per share for OKEA have decreased strongly by -122.11% in the last year.
The earnings per share for OKEA have been decreasing by -60.55% on average. This is quite bad
Looking at the last year, OKEA shows a very negative growth in Revenue. The Revenue has decreased by -90.43% in the last year.
The Revenue for OKEA have been decreasing by -18.24% on average. This is quite bad
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%
3.2 Future
Based on estimates for the next years, OKEA will show a very strong growth in Earnings Per Share. The EPS will grow by 47.41% on average per year.
The Revenue is expected to decrease by -13.09% on average over the next years. This is quite bad
EPS Next Y567.28%
EPS Next 2Y119.59%
EPS Next 3Y76%
EPS Next 5Y47.41%
Revenue Next Year-18.56%
Revenue Next 2Y-17.9%
Revenue Next 3Y-10.18%
Revenue Next 5Y-13.09%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for OKEA. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 3.56, the valuation of OKEA can be described as very cheap.
Based on the Price/Forward Earnings ratio, OKEA is valued cheaper than 98.28% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, OKEA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 3.56 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of OKEA may justify a higher PE ratio.
A more expensive valuation may be justified as OKEA's earnings are expected to grow with 76.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y119.59%
EPS Next 3Y76%
5. Dividend
5.1 Amount
OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
Compared to an average industry Dividend Yield of 65.93, OKEA pays a better dividend. On top of this OKEA pays more dividend than 84.48% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, OKEA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.96% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y119.59%
EPS Next 3Y76%
OSL:OKEA (8/1/2025, 7:00:00 PM)
17.18
-0.32 (-1.83%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.1%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap1.79B
Analysts80
Price Target23.66 (37.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.96% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-126.23%
Min EPS beat(2)-254.75%
Max EPS beat(2)2.28%
EPS beat(4)2
Avg EPS beat(4)-169.42%
Min EPS beat(4)-452.02%
Max EPS beat(4)26.82%
EPS beat(8)5
Avg EPS beat(8)-31.75%
EPS beat(12)8
Avg EPS beat(12)13.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.36%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)3.38%
Revenue beat(4)3
Avg Revenue beat(4)3.92%
Min Revenue beat(4)-0.66%
Max Revenue beat(4)10.96%
Revenue beat(8)6
Avg Revenue beat(8)5.21%
Revenue beat(12)7
Avg Revenue beat(12)2.75%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-4.13%
PT rev (3m)-17.14%
EPS NQ rev (1m)-33.2%
EPS NQ rev (3m)-33.2%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-17.36%
Revenue NQ rev (3m)-17.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 3.56 | ||
| P/S | 1.86 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 15.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)-3.45
EYN/A
EPS(NY)4.83
Fwd EY28.12%
FCF(TTM)-2.42
FCFYN/A
OCF(TTM)-13.66
OCFYN/A
SpS9.24
BVpS1.08
TBVpS-0.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.68% | ||
| ROE | 30.15% | ||
| ROCE | 25.15% | ||
| ROIC | 19.37% | ||
| ROICexc | 23.83% | ||
| ROICexgc | 26.96% | ||
| OM | 39.13% | ||
| PM (TTM) | 3.52% | ||
| GM | 69.77% | ||
| FCFM | N/A |
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)30.81%
ROCE(5y)22.49%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
F-Score4
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.75 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | -106.66% | ||
| Cap/Sales | 121.63% | ||
| Interest Coverage | -7.69 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 1.77 |
F-Score4
WACC8.4%
ROIC/WACC2.31
Cap/Depr(3y)139.8%
Cap/Depr(5y)138.38%
Cap/Sales(3y)25.34%
Cap/Sales(5y)32.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-122.11%
EPS 3Y-60.55%
EPS 5YN/A
EPS Q2Q%-170.04%
EPS Next Y567.28%
EPS Next 2Y119.59%
EPS Next 3Y76%
EPS Next 5Y47.41%
Revenue 1Y (TTM)-90.43%
Revenue growth 3Y-34.29%
Revenue growth 5Y-18.24%
Sales Q2Q%-17.4%
Revenue Next Year-18.56%
Revenue Next 2Y-17.9%
Revenue Next 3Y-10.18%
Revenue Next 5Y-13.09%
EBIT growth 1Y-91.27%
EBIT growth 3Y-38.86%
EBIT growth 5Y-14.02%
EBIT Next Year22.21%
EBIT Next 3Y-3.24%
EBIT Next 5Y-6.45%
FCF growth 1Y-110.4%
FCF growth 3Y-63.77%
FCF growth 5Y-48.08%
OCF growth 1Y-133.06%
OCF growth 3Y-45.13%
OCF growth 5Y-27.76%