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DOF GROUP ASA (DOFG.OL) Stock Fundamental Analysis

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

90.5  0 (0%)

Fundamental Rating

5

Overall DOFG gets a fundamental rating of 5 out of 10. We evaluated DOFG against 35 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of DOFG while its profitability can be described as average. DOFG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year DOFG was profitable.
In the past year DOFG had a positive cash flow from operations.
In multiple years DOFG reported negative net income over the last 5 years.
In the past 5 years DOFG always reported a positive cash flow from operatings.
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 0 200M -200M -400M

1.2 Ratios

DOFG has a better Return On Assets (6.54%) than 62.86% of its industry peers.
DOFG has a Return On Equity of 13.22%. This is in the better half of the industry: DOFG outperforms 62.86% of its industry peers.
DOFG has a Return On Invested Capital of 7.00%. This is comparable to the rest of the industry: DOFG outperforms 51.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DOFG is above the industry average of 10.77%.
The 3 year average ROIC (13.09%) for DOFG is well above the current ROIC(7.00%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 6.54%
ROE 13.22%
ROIC 7%
ROA(3y)7.72%
ROA(5y)-0.31%
ROE(3y)119.89%
ROE(5y)N/A
ROIC(3y)13.09%
ROIC(5y)17.29%
DOFG.OL Yearly ROA, ROE, ROICDOFG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

With an excellent Profit Margin value of 16.68%, DOFG belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
Looking at the Operating Margin, with a value of 19.66%, DOFG is in the better half of the industry, outperforming 80.00% 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 19.66%
PM (TTM) 16.68%
GM N/A
OM growth 3Y22.25%
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 2024 0 20 -20 -40 -60

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3

2. Health

2.1 Basic Checks

DOFG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, DOFG has more shares outstanding
DOFG has a better debt/assets ratio than last year.
DOFG.OL Yearly Shares OutstandingDOFG.OL Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 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 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of DOFG is 6.77, which is on the high side as it means it would take DOFG, 6.77 years of fcf income to pay off all of its debts.
DOFG has a Debt to FCF ratio of 6.77. This is in the lower half of the industry: DOFG underperforms 65.71% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that DOFG is somewhat dependend on debt financing.
DOFG's Debt to Equity ratio of 0.70 is in line compared to the rest of the industry. DOFG outperforms 48.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.77
Altman-Z N/A
ROIC/WACC0.83
WACC8.41%
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 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.56 indicates that DOFG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.56, DOFG is in line with its industry, outperforming 60.00% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that DOFG should not have too much problems paying its short term obligations.
DOFG has a Quick ratio of 1.56. This is in the better half of the industry: DOFG outperforms 65.71% of its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.56
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 500M 1B 1.5B 2B

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6

3. Growth

3.1 Past

The earnings per share for DOFG have decreased strongly by -60.69% in the last year.
Looking at the last year, DOFG shows a very strong growth in Revenue. The Revenue has grown by 25.53%.
The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-60.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%934.02%
Revenue 1Y (TTM)25.53%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%29.7%

3.2 Future

The Earnings Per Share is expected to grow by 26.67% 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 10.54% yearly.
EPS Next Y52.34%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
EPS Next 5YN/A
Revenue Next Year25.63%
Revenue Next 2Y15.51%
Revenue Next 3Y10.54%
Revenue Next 5YN/A

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 2023 2024 2025 2026 2027 0.5 1 1.5

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.74, the valuation of DOFG can be described as very cheap.
74.29% of the companies in the same industry are more expensive than DOFG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, DOFG is valued rather cheaply.
DOFG is valuated cheaply with a Price/Forward Earnings ratio of 5.19.
DOFG's Price/Forward Earnings ratio is rather cheap when compared to the industry. DOFG is cheaper than 85.71% of the companies in the same industry.
DOFG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.90.
Industry RankSector Rank
PE 7.74
Fwd PE 5.19
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

Based on the Enterprise Value to EBITDA ratio, DOFG is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
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 9.61
EV/EBITDA 9.51
DOFG.OL Per share dataDOFG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

DOFG'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 DOFG may justify a higher PE ratio.
A more expensive valuation may be justified as DOFG's earnings are expected to grow with 26.67% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y40.2%
EPS Next 3Y26.67%

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4

5. Dividend

5.1 Amount

DOFG has a Yearly Dividend Yield of 3.42%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.33, DOFG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, DOFG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.42%

5.2 History

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

5.3 Sustainability

DOFG pays out 0.41% of its income as dividend. This is a sustainable payout ratio.
DP0.41%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
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 0 200M -200M -400M
DOFG.OL Dividend Payout.DOFG.OL Dividend Payout, showing the Payout Ratio.DOFG.OL Dividend Payout.PayoutRetained Earnings

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DOF GROUP ASA

OSL:DOFG (7/4/2025, 7:00:00 PM)

90.5

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)05-16 2025-05-16/bmo
Earnings (Next)08-20 2025-08-20
Inst Owners36.49%
Inst Owner ChangeN/A
Ins Owners2.23%
Ins Owner ChangeN/A
Market Cap22.29B
Analysts86.67
Price Target129.83 (43.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.42%
Yearly Dividend0.05
Dividend Growth(5Y)N/A
DP0.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)58.44%
Min EPS beat(2)57.2%
Max EPS beat(2)59.69%
EPS beat(4)3
Avg EPS beat(4)11.22%
Min EPS beat(4)-91.22%
Max EPS beat(4)59.69%
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)-2.62%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)-1.96%
Revenue beat(4)0
Avg Revenue beat(4)-5.67%
Min Revenue beat(4)-10.42%
Max Revenue beat(4)-1.96%
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)-3.69%
PT rev (3m)-5.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)45.64%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.92%
Valuation
Industry RankSector Rank
PE 7.74
Fwd PE 5.19
P/S 1.5
P/FCF 9.61
P/OCF 6.01
P/B 1.19
P/tB 1.19
EV/EBITDA 9.51
EPS(TTM)11.69
EY12.92%
EPS(NY)17.43
Fwd EY19.26%
FCF(TTM)9.41
FCFY10.4%
OCF(TTM)15.06
OCFY16.64%
SpS60.36
BVpS76.16
TBVpS76.04
PEG (NY)0.15
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.54%
ROE 13.22%
ROCE 9.09%
ROIC 7%
ROICexc 7.85%
ROICexgc 7.86%
OM 19.66%
PM (TTM) 16.68%
GM N/A
FCFM 15.59%
ROA(3y)7.72%
ROA(5y)-0.31%
ROE(3y)119.89%
ROE(5y)N/A
ROIC(3y)13.09%
ROIC(5y)17.29%
ROICexc(3y)26.86%
ROICexc(5y)37.53%
ROICexgc(3y)26.86%
ROICexgc(5y)37.53%
ROCE(3y)80.74%
ROCE(5y)94.31%
ROICexcg growth 3Y-44.68%
ROICexcg growth 5YN/A
ROICexc growth 3Y-44.7%
ROICexc growth 5YN/A
OM growth 3Y22.25%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.77
Debt/EBITDA 3.6
Cap/Depr 197.14%
Cap/Sales 9.36%
Interest Coverage 2.61
Cash Conversion 102.22%
Profit Quality 93.5%
Current Ratio 1.56
Quick Ratio 1.56
Altman-Z N/A
F-Score4
WACC8.41%
ROIC/WACC0.83
Cap/Depr(3y)451.26%
Cap/Depr(5y)281.9%
Cap/Sales(3y)9.05%
Cap/Sales(5y)8.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-60.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%934.02%
EPS Next Y52.34%
EPS Next 2Y40.2%
EPS Next 3Y26.67%
EPS Next 5YN/A
Revenue 1Y (TTM)25.53%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%29.7%
Revenue Next Year25.63%
Revenue Next 2Y15.51%
Revenue Next 3Y10.54%
Revenue Next 5YN/A
EBIT growth 1Y25%
EBIT growth 3Y50.78%
EBIT growth 5YN/A
EBIT Next Year103.24%
EBIT Next 3Y33.01%
EBIT Next 5YN/A
FCF growth 1Y95.49%
FCF growth 3Y64.48%
FCF growth 5YN/A
OCF growth 1Y78.54%
OCF growth 3Y38.12%
OCF growth 5YN/A