DOF GROUP ASA (DOFG.OL) Fundamental Analysis & Valuation

OSL:DOFG • NO0012851874

122.5 NOK
-2.4 (-1.92%)
Last: Mar 6, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This DOFG.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 DOFG. DOFG was compared to 36 industry peers in the Energy Equipment & Services industry. While DOFG belongs to the best of the industry regarding profitability, there are concerns on its financial health. DOFG has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. DOFG.OL Profitability Analysis

1.1 Basic Checks

  • In the past year DOFG was profitable.
  • DOFG had a positive operating cash flow in the past year.
  • Of the past 5 years DOFG 4 years were profitable.
  • 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 2025 0 200M -200M 400M -400M

1.2 Ratios

  • The Return On Assets of DOFG (11.23%) is better than 88.89% of its industry peers.
  • With a decent Return On Equity value of 22.80%, DOFG is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 9.80%, DOFG is doing good in the industry, outperforming 63.89% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DOFG is below the industry average of 10.29%.
  • The last Return On Invested Capital (9.80%) for DOFG is above the 3 year average (7.76%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.23%
ROE 22.8%
ROIC 9.8%
ROA(3y)10.16%
ROA(5y)6.21%
ROE(3y)23.61%
ROE(5y)N/A
ROIC(3y)7.76%
ROIC(5y)13.86%
DOFG.OL Yearly ROA, ROE, ROICDOFG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 500 1K 1.5K

1.3 Margins

  • The Profit Margin of DOFG (24.89%) is better than 86.11% of its industry peers.
  • In the last couple of years the Profit Margin of DOFG has grown nicely.
  • With an excellent Operating Margin value of 24.20%, DOFG belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DOFG has grown nicely.
Industry RankSector Rank
OM 24.2%
PM (TTM) 24.89%
GM N/A
OM growth 3Y16.51%
OM growth 5Y7.13%
PM growth 3Y38.75%
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 2025 0 20 -20 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. DOFG.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DOFG is still creating some value.
  • DOFG has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, DOFG has more shares outstanding
  • 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 2025 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 2025 1B 2B 3B 4B

2.2 Solvency

  • DOFG has a debt to FCF ratio of 7.19. This is a slightly negative value and a sign of low solvency as DOFG would need 7.19 years to pay back of all of its debts.
  • DOFG has a Debt to FCF ratio of 7.19. This is in the lower half of the industry: DOFG underperforms 61.11% of its industry peers.
  • DOFG has a Debt/Equity ratio of 0.73. This is a neutral value indicating DOFG is somewhat dependend on debt financing.
  • DOFG has a Debt to Equity ratio (0.73) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 7.19
Altman-Z N/A
ROIC/WACC1.16
WACC8.42%
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 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • DOFG has a Current Ratio of 1.81. 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 Current ratio of 1.81. This is in the better half of the industry: DOFG outperforms 63.89% of its industry peers.
  • DOFG has a Quick Ratio of 1.81. 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 Quick ratio of 1.81. This is in the better half of the industry: DOFG outperforms 69.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.81
Quick Ratio 1.81
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 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. DOFG.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 114.78% over the past year.
  • The Earnings Per Share has been growing slightly by 2.58% on average over the past years.
  • Looking at the last year, DOFG shows a very strong growth in Revenue. The Revenue has grown by 35.16%.
  • DOFG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.10% yearly.
EPS 1Y (TTM)114.78%
EPS 3Y2.58%
EPS 5YN/A
EPS Q2Q%39.53%
Revenue 1Y (TTM)35.16%
Revenue growth 3Y24.76%
Revenue growth 5Y23.1%
Sales Q2Q%31.71%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.87% on average over the next years.
  • The Revenue is expected to grow by 0.65% on average over the next years.
EPS Next Y-13.29%
EPS Next 2Y-7.95%
EPS Next 3Y-3.87%
EPS Next 5YN/A
Revenue Next Year5.23%
Revenue Next 2Y3.68%
Revenue Next 3Y0.65%
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 decreasing: in the next years the growth will be less than in the last years.
DOFG.OL Yearly Revenue VS EstimatesDOFG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
DOFG.OL Yearly EPS VS EstimatesDOFG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 0.5 1 1.5

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6

4. DOFG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.72, the valuation of DOFG can be described as very cheap.
  • DOFG's Price/Earnings ratio is rather cheap when compared to the industry. DOFG is cheaper than 80.56% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.69. DOFG is valued rather cheaply when compared to this.
  • DOFG is valuated cheaply with a Price/Forward Earnings ratio of 7.74.
  • 77.78% of the companies in the same industry are more expensive than DOFG, based on the Price/Forward Earnings ratio.
  • DOFG is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.79, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.72
Fwd PE 7.74
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

  • DOFG's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of DOFG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 13.24
EV/EBITDA 6.79
DOFG.OL Per share dataDOFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • DOFG has a very decent profitability rating, which may justify a higher PE ratio.
  • DOFG's earnings are expected to decrease with -3.87% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.95%
EPS Next 3Y-3.87%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. DOFG.OL Dividend Analysis

5.1 Amount

  • DOFG has a Yearly Dividend Yield of 10.48%, which is a nice return.
  • DOFG's Dividend Yield is rather good when compared to the industry average which is at 3.13. DOFG pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, DOFG pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.48%

5.2 History

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

5.3 Sustainability

  • 50.21% of the earnings are spent on dividend by DOFG. This is a bit on the high side, but may be sustainable.
DP50.21%
EPS Next 2Y-7.95%
EPS Next 3Y-3.87%
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 2025 0 200M -200M 400M -400M
DOFG.OL Dividend Payout.DOFG.OL Dividend Payout, showing the Payout Ratio.DOFG.OL Dividend Payout.PayoutRetained Earnings

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DOFG.OL Fundamentals: All Metrics, Ratios and Statistics

DOF GROUP ASA

OSL:DOFG (3/6/2026, 4:19:52 PM)

122.5

-2.4 (-1.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-19
Earnings (Next)05-22
Inst Owners37.06%
Inst Owner ChangeN/A
Ins Owners2.24%
Ins Owner ChangeN/A
Market Cap30.17B
Revenue(TTM)1.87B
Net Income(TTM)466.00M
Analysts86.15
Price Target138.04 (12.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.48%
Yearly Dividend9.02
Dividend Growth(5Y)N/A
DP50.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)42.27%
Min EPS beat(2)6.28%
Max EPS beat(2)78.25%
EPS beat(4)4
Avg EPS beat(4)38.91%
Min EPS beat(4)6.28%
Max EPS beat(4)78.25%
EPS beat(8)6
Avg EPS beat(8)8.33%
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)1
Avg Revenue beat(2)-0.82%
Min Revenue beat(2)-11.25%
Max Revenue beat(2)9.61%
Revenue beat(4)2
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-11.25%
Max Revenue beat(4)9.61%
Revenue beat(8)2
Avg Revenue beat(8)-2.95%
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)4.64%
PT rev (3m)4.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-13.16%
EPS NY rev (1m)0%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.5%
Revenue NY rev (3m)2.95%
Valuation
Industry RankSector Rank
PE 6.72
Fwd PE 7.74
P/S 1.67
P/FCF 13.24
P/OCF 5.92
P/B 1.53
P/tB 1.53
EV/EBITDA 6.79
EPS(TTM)18.24
EY14.89%
EPS(NY)15.82
Fwd EY12.91%
FCF(TTM)9.25
FCFY7.55%
OCF(TTM)20.69
OCFY16.89%
SpS73.37
BVpS80.11
TBVpS79.99
PEG (NY)N/A
PEG (5Y)N/A
Graham Number181.32
Profitability
Industry RankSector Rank
ROA 11.23%
ROE 22.8%
ROCE 12.73%
ROIC 9.8%
ROICexc 11.35%
ROICexgc 11.36%
OM 24.2%
PM (TTM) 24.89%
GM N/A
FCFM 12.61%
ROA(3y)10.16%
ROA(5y)6.21%
ROE(3y)23.61%
ROE(5y)N/A
ROIC(3y)7.76%
ROIC(5y)13.86%
ROICexc(3y)8.8%
ROICexc(5y)26.94%
ROICexgc(3y)8.81%
ROICexgc(5y)26.94%
ROCE(3y)10.08%
ROCE(5y)11.01%
ROICexgc growth 3Y-44.24%
ROICexgc growth 5Y-29.3%
ROICexc growth 3Y-44.26%
ROICexc growth 5Y-29.31%
OM growth 3Y16.51%
OM growth 5Y7.13%
PM growth 3Y38.75%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 7.19
Debt/EBITDA 2.3
Cap/Depr 149.74%
Cap/Sales 15.6%
Interest Coverage 3.68
Cash Conversion 81.48%
Profit Quality 50.64%
Current Ratio 1.81
Quick Ratio 1.81
Altman-Z N/A
F-Score7
WACC8.42%
ROIC/WACC1.16
Cap/Depr(3y)456.73%
Cap/Depr(5y)310.41%
Cap/Sales(3y)11.66%
Cap/Sales(5y)10.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)114.78%
EPS 3Y2.58%
EPS 5YN/A
EPS Q2Q%39.53%
EPS Next Y-13.29%
EPS Next 2Y-7.95%
EPS Next 3Y-3.87%
EPS Next 5YN/A
Revenue 1Y (TTM)35.16%
Revenue growth 3Y24.76%
Revenue growth 5Y23.1%
Sales Q2Q%31.71%
Revenue Next Year5.23%
Revenue Next 2Y3.68%
Revenue Next 3Y0.65%
Revenue Next 5YN/A
EBIT growth 1Y68.4%
EBIT growth 3Y45.36%
EBIT growth 5Y31.87%
EBIT Next Year66.6%
EBIT Next 3Y19.12%
EBIT Next 5YN/A
FCF growth 1Y-14.8%
FCF growth 3Y13.15%
FCF growth 5Y13.35%
OCF growth 1Y34.35%
OCF growth 3Y30.45%
OCF growth 5Y27.31%

DOF GROUP ASA / DOFG.OL FAQ

What is the fundamental rating for DOFG stock?

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


What is the valuation status for DOFG stock?

ChartMill assigns a valuation rating of 6 / 10 to DOF GROUP ASA (DOFG.OL). This can be considered as Fairly Valued.


How profitable is DOF GROUP ASA (DOFG.OL) stock?

DOF GROUP ASA (DOFG.OL) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for DOFG stock?

The Price/Earnings (PE) ratio for DOF GROUP ASA (DOFG.OL) is 6.72 and the Price/Book (PB) ratio is 1.53.


Can you provide the dividend sustainability for DOFG stock?

The dividend rating of DOF GROUP ASA (DOFG.OL) is 6 / 10 and the dividend payout ratio is 50.21%.