Odfjell Drilling Ltd
Odfjell Drilling Ltd. engages in owning and operating mobile offshore drilling units primarily in Norway and Namibia. The company operates through Own Fleet and External Fleet segments. It also offers management services to other owners of drilling units, such as operational management, regulatory requirements management, marketing, contract negotiations and client relations, and operation and mo… Read more
Odfjell Drilling Ltd (ODL) - Net Assets
Latest net assets as of September 2025: Nkr14.29 Billion NOK
Based on the latest financial reports, Odfjell Drilling Ltd (ODL) has net assets worth Nkr14.29 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr21.85 Billion) and total liabilities (Nkr7.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr14.29 Billion |
| % of Total Assets | 65.37% |
| Annual Growth Rate | 2.38% |
| 5-Year Change | 17.07% |
| 10-Year Change | 47.94% |
| Growth Volatility | 13.66 |
Odfjell Drilling Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Odfjell Drilling Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Odfjell Drilling Ltd (2011–2024)
The table below shows the annual net assets of Odfjell Drilling Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.40 Billion | +0.65% |
| 2023-12-31 | Nkr1.39 Billion | +15.35% |
| 2022-12-31 | Nkr1.21 Billion | -4.71% |
| 2021-12-31 | Nkr1.27 Billion | +5.81% |
| 2020-12-31 | Nkr1.20 Billion | +12.81% |
| 2019-12-31 | Nkr1.06 Billion | +3.78% |
| 2018-12-31 | Nkr1.02 Billion | +33.45% |
| 2017-12-31 | Nkr767.06 Million | +6.23% |
| 2016-12-31 | Nkr722.09 Million | -23.87% |
| 2015-12-31 | Nkr948.44 Million | -15.00% |
| 2014-12-31 | Nkr1.12 Billion | -1.28% |
| 2013-12-31 | Nkr1.13 Billion | -2.08% |
| 2012-12-31 | Nkr1.15 Billion | +11.76% |
| 2011-12-31 | Nkr1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Odfjell Drilling Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 58.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.12 Billion | 79.87% |
| Common Stock | Nkr2.40 Million | 0.17% |
| Other Comprehensive Income | Nkr-103.70 Million | -7.39% |
| Other Components | Nkr383.80 Million | 27.35% |
| Total Equity | Nkr1.40 Billion | 100.00% |
Odfjell Drilling Ltd Competitors by Market Cap
The table below lists competitors of Odfjell Drilling Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$1.02 Billion |
|
Juventus Football Club S.p.A
PINK:JVTSF
|
$1.02 Billion |
|
EVEREST MED.LTD DL-0001
F:6HN
|
$1.02 Billion |
|
China Meheco Co Ltd
SHG:600056
|
$1.02 Billion |
|
Nuvation Bio Inc
NYSE:NUVB
|
$1.02 Billion |
|
Air France-KLM SA
PINK:AFRAF
|
$1.02 Billion |
|
Guangdong Orient Zirconic Ind Sci & Tech Co Ltd
SHE:002167
|
$1.02 Billion |
|
Yellow Cake plc
OTCQX:YLLXF
|
$1.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Odfjell Drilling Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,394,000,000 to 1,403,100,000, a change of 9,100,000 (0.7%).
- Net income of 64,700,000 contributed positively to equity growth.
- Dividend payments of 57,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 14,400,000.
- Other factors increased equity by 16,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr64.70 Million | +4.61% |
| Dividends Paid | Nkr57.20 Million | -4.08% |
| Other Comprehensive Income | Nkr-14.40 Million | -1.03% |
| Other Changes | Nkr16.00 Million | +1.14% |
| Total Change | Nkr- | 0.65% |
Book Value vs Market Value Analysis
This analysis compares Odfjell Drilling Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.84x to 17.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | Nkr5.05 | Nkr100.20 | x |
| 2012-12-31 | Nkr5.63 | Nkr100.20 | x |
| 2013-12-31 | Nkr5.66 | Nkr100.20 | x |
| 2014-12-31 | Nkr5.62 | Nkr100.20 | x |
| 2015-12-31 | Nkr4.77 | Nkr100.20 | x |
| 2016-12-31 | Nkr3.63 | Nkr100.20 | x |
| 2017-12-31 | Nkr3.86 | Nkr100.20 | x |
| 2018-12-31 | Nkr4.60 | Nkr100.20 | x |
| 2019-12-31 | Nkr4.49 | Nkr100.20 | x |
| 2020-12-31 | Nkr5.06 | Nkr100.20 | x |
| 2021-12-31 | Nkr5.36 | Nkr100.20 | x |
| 2022-12-31 | Nkr5.10 | Nkr100.20 | x |
| 2023-12-31 | Nkr5.89 | Nkr100.20 | x |
| 2024-12-31 | Nkr5.88 | Nkr100.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Odfjell Drilling Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.46%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.58x
- Recent ROE (4.61%) is above the historical average (4.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 10.77% | 9.96% | 0.40x | 2.71x | Nkr7.82 Million |
| 2012 | 9.11% | 9.47% | 0.39x | 2.49x | Nkr-10.00 Million |
| 2013 | 5.95% | 5.63% | 0.44x | 2.42x | Nkr-45.75 Million |
| 2014 | 3.81% | 4.18% | 0.33x | 2.77x | Nkr-69.13 Million |
| 2015 | -17.13% | -24.72% | 0.24x | 2.92x | Nkr-257.36 Million |
| 2016 | -8.82% | -9.70% | 0.29x | 3.13x | Nkr-135.90 Million |
| 2017 | 4.61% | 5.25% | 0.31x | 2.79x | Nkr-41.35 Million |
| 2018 | 2.67% | 3.90% | 0.31x | 2.22x | Nkr-75.02 Million |
| 2019 | 3.84% | 4.95% | 0.31x | 2.53x | Nkr-65.42 Million |
| 2020 | 11.97% | 15.38% | 0.35x | 2.20x | Nkr23.59 Million |
| 2021 | 5.87% | 8.53% | 0.35x | 1.98x | Nkr-52.42 Million |
| 2022 | 6.86% | 12.76% | 0.29x | 1.84x | Nkr-37.95 Million |
| 2023 | 15.93% | 30.32% | 0.32x | 1.66x | Nkr82.70 Million |
| 2024 | 4.61% | 13.46% | 0.22x | 1.58x | Nkr-75.61 Million |
Industry Comparison
This section compares Odfjell Drilling Ltd's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $335,985,395
- Average return on equity (ROE) among peers: 79.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Odfjell Drilling Ltd (ODL) | Nkr14.29 Billion | 10.77% | 0.53x | $1.02 Billion |
| Dolphin Drilling AS (DDRIL) | $765.21 Million | -18.30% | 0.97x | $41.09 Million |
| Deep Value Driller AS (DVD) | $8.74 Million | 273.41% | 11.84x | $145.46 Million |
| PARATUS ENERGY SERVICES LTD (PLSV) | $234.00 Million | -15.38% | 3.28x | $293.87 Million |