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DOF GROUP ASA (DOFG.OL) Stock Fundamental Analysis

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

82.6  -1.55 (-1.84%)

Fundamental Rating

4

Overall DOFG gets a fundamental rating of 4 out of 10. We evaluated DOFG against 35 industry peers in the Energy Equipment & Services industry. DOFG has an average financial health and profitability rating. DOFG has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

DOFG had positive earnings in the past year.
DOFG had a positive operating cash flow in the past year.
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 0 200M -200M -400M

1.2 Ratios

The Return On Assets of DOFG (12.19%) is better than 88.57% of its industry peers.
DOFG has a Return On Equity of 28.17%. This is amongst the best in the industry. DOFG outperforms 85.71% of its industry peers.
DOFG has a Return On Invested Capital (7.80%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for DOFG is above the industry average of 14.59%.
The 3 year average ROIC (17.73%) for DOFG is well above the current ROIC(7.80%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 12.19%
ROE 28.17%
ROIC 7.8%
ROA(3y)5.03%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.73%
ROIC(5y)N/A
DOFG.OL Yearly ROA, ROE, ROICDOFG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 500 1K 1.5K

1.3 Margins

DOFG has a better Profit Margin (26.47%) than 94.29% of its industry peers.
DOFG's Operating Margin of 19.10% is fine compared to the rest of the industry. DOFG outperforms 68.57% of its industry peers.
DOFG's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.1%
PM (TTM) 26.47%
GM N/A
OM growth 3Y4.17%
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 0 20 -20 -40 -60

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DOFG is creating value.
DOFG has more shares outstanding than it did 1 year ago.
The debt/assets ratio for DOFG has been reduced compared to a year ago.
DOFG.OL Yearly Shares OutstandingDOFG.OL Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M 150M
DOFG.OL Yearly Total Debt VS Total AssetsDOFG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

The Debt to FCF ratio of DOFG is 11.09, which is on the high side as it means it would take DOFG, 11.09 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DOFG (11.09) is worse than 60.00% of its industry peers.
A Debt/Equity ratio of 1.00 is on the high side and indicates that DOFG has dependencies on debt financing.
DOFG's Debt to Equity ratio of 1.00 is on the low side compared to the rest of the industry. DOFG is outperformed by 65.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 11.09
Altman-Z N/A
ROIC/WACC0.96
WACC8.09%
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 0 200M 400M 600M 800M 1B

2.3 Liquidity

DOFG has a Current Ratio of 2.18. This indicates that DOFG is financially healthy and has no problem in meeting its short term obligations.
DOFG has a better Current ratio (2.18) than 74.29% of its industry peers.
A Quick Ratio of 2.18 indicates that DOFG has no problem at all paying its short term obligations.
DOFG has a better Quick ratio (2.18) than 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.18
Quick Ratio 2.18
DOFG.OL Yearly Current Assets VS Current LiabilitesDOFG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 500M 1B 1.5B 2B

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5

3. Growth

3.1 Past

The earnings per share for DOFG have decreased strongly by -80.73% in the last year.
The Revenue has grown by 14.62% in the past year. This is quite good.
The Revenue has been growing by 19.48% on average over the past years. This is quite good.
EPS 1Y (TTM)-80.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75.64%
Revenue 1Y (TTM)14.62%
Revenue growth 3Y19.48%
Revenue growth 5YN/A
Sales Q2Q%-88.55%

3.2 Future

The Earnings Per Share is expected to grow by 20.26% on average over the next years. This is a very strong growth
DOFG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.51% yearly.
EPS Next Y-24.54%
EPS Next 2Y16.97%
EPS Next 3Y21.53%
EPS Next 5Y20.26%
Revenue Next Year21.32%
Revenue Next 2Y24.66%
Revenue Next 3Y18.08%
Revenue Next 5Y13.51%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 4.07 indicates a rather cheap valuation of DOFG.
DOFG's Price/Earnings ratio is rather cheap when compared to the industry. DOFG is cheaper than 88.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of DOFG to the average of the S&P500 Index (29.35), we can say DOFG is valued rather cheaply.
A Price/Forward Earnings ratio of 5.71 indicates a rather cheap valuation of DOFG.
80.00% of the companies in the same industry are more expensive than DOFG, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.10. DOFG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.07
Fwd PE 5.71
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DOFG is on the same level as its industry peers.
62.86% of the companies in the same industry are cheaper than DOFG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.79
EV/EBITDA 9.56
DOFG.OL Per share dataDOFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

A more expensive valuation may be justified as DOFG's earnings are expected to grow with 21.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.97%
EPS Next 3Y21.53%

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0

5. Dividend

5.1 Amount

DOFG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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DOF GROUP ASA

OSL:DOFG (3/10/2025, 11:18:55 AM)

82.6

-1.55 (-1.84%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-24 2025-02-24
Earnings (Next)05-16 2025-05-16
Inst Owners34.09%
Inst Owner ChangeN/A
Ins Owners2.06%
Ins Owner ChangeN/A
Market Cap20.34B
Analysts85.71
Price Target135.32 (63.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.38
Dividend Growth(5Y)N/A
DP0.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-36%
Min EPS beat(2)-91.22%
Max EPS beat(2)19.22%
EPS beat(4)2
Avg EPS beat(4)93.12%
Min EPS beat(4)-91.22%
Max EPS beat(4)521.23%
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)-8.72%
Min Revenue beat(2)-10.42%
Max Revenue beat(2)-7.02%
Revenue beat(4)1
Avg Revenue beat(4)-4.48%
Min Revenue beat(4)-10.42%
Max Revenue beat(4)1.02%
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)-0.62%
PT rev (3m)-1.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-32.74%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)-5.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)8.1%
Revenue NY rev (1m)0.74%
Revenue NY rev (3m)7.29%
Valuation
Industry RankSector Rank
PE 4.07
Fwd PE 5.71
P/S 1.48
P/FCF 15.79
P/OCF 7.72
P/B 1.57
P/tB 1.57
EV/EBITDA 9.56
EPS(TTM)20.27
EY24.54%
EPS(NY)14.45
Fwd EY17.5%
FCF(TTM)5.23
FCFY6.33%
OCF(TTM)10.7
OCFY12.96%
SpS55.94
BVpS52.55
TBVpS52.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.19%
ROE 28.17%
ROCE 10.13%
ROIC 7.8%
ROICexc 8.87%
ROICexgc 8.87%
OM 19.1%
PM (TTM) 26.47%
GM N/A
FCFM 9.35%
ROA(3y)5.03%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.73%
ROIC(5y)N/A
ROICexc(3y)38.71%
ROICexc(5y)N/A
ROICexgc(3y)38.71%
ROICexgc(5y)N/A
ROCE(3y)11.37%
ROCE(5y)N/A
ROICexcg growth 3Y-50.43%
ROICexcg growth 5YN/A
ROICexc growth 3Y-50.43%
ROICexc growth 5YN/A
OM growth 3Y4.17%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 11.09
Debt/EBITDA 3.9
Cap/Depr 191.26%
Cap/Sales 9.78%
Interest Coverage 2.42
Cash Conversion 79.02%
Profit Quality 35.34%
Current Ratio 2.18
Quick Ratio 2.18
Altman-Z N/A
F-Score4
WACC8.09%
ROIC/WACC0.96
Cap/Depr(3y)405.07%
Cap/Depr(5y)N/A
Cap/Sales(3y)10.18%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75.64%
EPS Next Y-24.54%
EPS Next 2Y16.97%
EPS Next 3Y21.53%
EPS Next 5Y20.26%
Revenue 1Y (TTM)14.62%
Revenue growth 3Y19.48%
Revenue growth 5YN/A
Sales Q2Q%-88.55%
Revenue Next Year21.32%
Revenue Next 2Y24.66%
Revenue Next 3Y18.08%
Revenue Next 5Y13.51%
EBIT growth 1Y9.24%
EBIT growth 3Y24.46%
EBIT growth 5YN/A
EBIT Next Year59.58%
EBIT Next 3Y38.45%
EBIT Next 5Y29.26%
FCF growth 1Y-105.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-51.65%
OCF growth 3Y-10.03%
OCF growth 5YN/A