BW OFFSHORE LTD (BWO.OL) Fundamental Analysis & Valuation

OSL:BWO • BMG1190N1002

51.1 NOK
+0.1 (+0.2%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This BWO.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BWO. BWO was compared to 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 valuation in line with the averages, but it does not seem to be growing. Finally BWO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. BWO.OL Profitability Analysis

1.1 Basic Checks

  • BWO had positive earnings in the past year.
  • In the past year BWO had a positive cash flow from operations.
  • BWO had positive earnings in 4 of the past 5 years.
  • In the past 5 years BWO always reported a positive cash flow from operatings.
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 44.44% 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 Return On Invested Capital of 3.37%. This is in the lower half of the industry: BWO underperforms 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 10.29%.
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.
  • In the last couple of years the Profit Margin of BWO has grown nicely.
  • With an excellent Operating Margin value of 28.57%, BWO belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
  • 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

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4

2. BWO.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BWO is destroying value.
  • BWO has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for BWO has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BWO has an improved debt to assets ratio.
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.
  • With a Debt to Equity ratio value of 1.37, BWO is not doing good in the industry: 80.56% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 2018.75
Altman-Z N/A
ROIC/WACC0.42
WACC8.06%
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

  • A Current Ratio of 2.21 indicates that BWO has no problem at all paying its short term obligations.
  • The Current ratio of BWO (2.21) is better than 77.78% of its industry peers.
  • 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.
  • BWO's Quick ratio of 2.21 is fine compared to the rest of the industry. BWO outperforms 77.78% of its industry peers.
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

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3

3. BWO.OL Growth Analysis

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.
  • BWO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.62% yearly.
  • BWO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.34%.
  • BWO shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -8.53% yearly.
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.
  • BWO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.34% yearly.
EPS Next Y17.03%
EPS Next 2Y17.42%
EPS Next 3Y-18.31%
EPS Next 5YN/A
Revenue Next Year-20.65%
Revenue Next 2Y9.67%
Revenue Next 3Y6.34%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

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6

4. BWO.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.46, the valuation of BWO can be described as very cheap.
  • 86.11% of the companies in the same industry are more expensive than BWO, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BWO to the average of the S&P500 Index (26.29), we can say BWO is valued rather cheaply.
  • A Price/Forward Earnings ratio of 6.09 indicates a rather cheap valuation of BWO.
  • 94.44% of the companies in the same industry are more expensive than BWO, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of BWO to the average of the S&P500 Index (24.57), we can say BWO is valued rather cheaply.
Industry RankSector Rank
PE 6.46
Fwd PE 6.09
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

  • Based on the Enterprise Value to EBITDA ratio, BWO is valued a bit more expensive than 61.11% of the companies in the same industry.
  • BWO's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BWO is more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1224
EV/EBITDA 8.34
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.
  • The decent profitability rating of BWO 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%

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7

5. BWO.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.20%, BWO is a good candidate for dividend investing.
  • BWO's Dividend Yield is rather good when compared to the industry average which is at 3.13. BWO pays more dividend than 80.56% of the companies in the same industry.
  • BWO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 6.2%

5.2 History

  • On average, the dividend of BWO grows each year by 18.85%, which is quite nice.
Dividend Growth(5Y)18.85%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • BWO pays out 57.99% of its income as dividend. 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

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BWO.OL Fundamentals: All Metrics, Ratios and Statistics

BW OFFSHORE LTD

OSL:BWO (3/6/2026, 7:00:00 PM)

51.1

+0.1 (+0.2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-27
Earnings (Next)05-18
Inst Owners25.68%
Inst Owner ChangeN/A
Ins Owners1.64%
Ins Owner ChangeN/A
Market Cap9.45B
Revenue(TTM)517.70M
Net Income(TTM)150.90M
Analysts77.14
Price Target36.72 (-28.14%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.2%
Yearly Dividend4.13
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)5.97%
Revenue NY rev (3m)5.97%
Valuation
Industry RankSector Rank
PE 6.46
Fwd PE 6.09
P/S 1.89
P/FCF 1224
P/OCF 2.57
P/B 0.87
P/tB 0.94
EV/EBITDA 8.34
EPS(TTM)7.91
EY15.48%
EPS(NY)8.38
Fwd EY16.41%
FCF(TTM)0.04
FCFY0.08%
OCF(TTM)19.87
OCFY38.89%
SpS27.02
BVpS59.05
TBVpS54.4
PEG (NY)0.38
PEG (5Y)N/A
Graham Number102.52
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
WACC8.06%
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-20.65%
Revenue Next 2Y9.67%
Revenue Next 3Y6.34%
Revenue Next 5YN/A
EBIT growth 1Y-3.71%
EBIT growth 3Y2.19%
EBIT growth 5Y-5.59%
EBIT Next Year79.42%
EBIT Next 3Y47.59%
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 6 / 10 to BW OFFSHORE LTD (BWO.OL). This can be considered as Fairly Valued.


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%.