DOF GROUP ASA (DOFG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:DOFG - NO0012851874 - Common Stock
110.25 NOK
+1.05 (+0.96%)
Overall DOFG gets a fundamental rating of 6 out of 10. We evaluated DOFG against 36 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of DOFG get a neutral evaluation. Nothing too spectacular is happening here. DOFG may be a bit undervalued, certainly considering the very reasonable score on growth Finally DOFG also has an excellent dividend rating.
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.
- The reported net income has been mixed in the past 5 years: DOFG reported negative net income in multiple years.
- In the past 5 years DOFG always reported a positive cash flow from operatings.
1.2 Ratios
- DOFG's Return On Assets of 10.24% is amongst the best of the industry. DOFG outperforms 86.11% of its industry peers.
- DOFG has a Return On Equity of 20.93%. This is in the better half of the industry: DOFG outperforms 77.78% of its industry peers.
- DOFG has a Return On Invested Capital (8.67%) which is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for DOFG is above the industry average of 10.31%.
- The 3 year average ROIC (13.09%) for DOFG is well above the current ROIC(8.67%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.24% | ||
| ROE | 20.93% | ||
| ROIC | 8.67% |
ROA(3y)7.72%
ROA(5y)-0.31%
ROE(3y)119.89%
ROE(5y)N/A
ROIC(3y)13.09%
ROIC(5y)17.29%
1.3 Margins
- DOFG has a Profit Margin of 23.77%. This is amongst the best in the industry. DOFG outperforms 86.11% of its industry peers.
- Looking at the Operating Margin, with a value of 22.56%, DOFG belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- DOFG's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.56% | ||
| PM (TTM) | 23.77% | ||
| 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
2. Health
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.
- The number of shares outstanding for DOFG has been increased compared to 1 year ago.
- The debt/assets ratio for DOFG has been reduced compared to a year ago.
2.2 Solvency
- DOFG has a debt to FCF ratio of 5.82. This is a neutral value as DOFG would need 5.82 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 5.82, DOFG perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
- A Debt/Equity ratio of 0.75 indicates that DOFG is somewhat dependend on debt financing.
- DOFG's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. DOFG outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.82 | ||
| Altman-Z | N/A |
ROIC/WACC1.04
WACC8.37%
2.3 Liquidity
- A Current Ratio of 1.96 indicates that DOFG should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.96, DOFG is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
- A Quick Ratio of 1.96 indicates that DOFG should not have too much problems paying its short term obligations.
- The Quick ratio of DOFG (1.96) is better than 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 1.96 |
3. Growth
3.1 Past
- DOFG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.10%.
- DOFG shows a strong growth in Revenue. In the last year, the Revenue has grown by 36.95%.
- DOFG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)-8.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.16%
Revenue 1Y (TTM)36.95%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%36.76%
3.2 Future
- Based on estimates for the next years, DOFG will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.53% on average per year.
- The Revenue is expected to grow by 7.81% on average over the next years.
EPS Next Y67.69%
EPS Next 2Y36.47%
EPS Next 3Y22.09%
EPS Next 5Y17.53%
Revenue Next Year32.49%
Revenue Next 2Y17.2%
Revenue Next 3Y11.09%
Revenue Next 5Y7.81%
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 6.54 indicates a rather cheap valuation of DOFG.
- Compared to the rest of the industry, the Price/Earnings ratio of DOFG indicates a rather cheap valuation: DOFG is cheaper than 83.33% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of DOFG to the average of the S&P500 Index (27.25), we can say DOFG is valued rather cheaply.
- A Price/Forward Earnings ratio of 6.86 indicates a rather cheap valuation of DOFG.
- Based on the Price/Forward Earnings ratio, DOFG is valued cheaply inside the industry as 80.56% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, DOFG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 6.86 |
4.2 Price Multiples
- DOFG's Enterprise Value to EBITDA is on the same level as the industry average.
- DOFG's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | 7.85 |
4.3 Compensation for Growth
- The 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.
- DOFG's earnings are expected to grow with 22.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y36.47%
EPS Next 3Y22.09%
5. Dividend
5.1 Amount
- DOFG has a Yearly Dividend Yield of 13.08%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.63, DOFG pays a better dividend. On top of this DOFG pays more dividend than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, DOFG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.08% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 34.78% of the earnings are spent on dividend by DOFG. This is a low number and sustainable payout ratio.
DP34.78%
EPS Next 2Y36.47%
EPS Next 3Y22.09%
DOF GROUP ASA / DOFG.OL FAQ
What is the fundamental rating for DOFG stock?
ChartMill assigns a fundamental rating of 6 / 10 to DOFG.OL.
What is the valuation status for DOFG stock?
ChartMill assigns a valuation rating of 8 / 10 to DOF GROUP ASA (DOFG.OL). This can be considered as Undervalued.
How profitable is DOF GROUP ASA (DOFG.OL) stock?
DOF GROUP ASA (DOFG.OL) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for DOFG stock?
The Price/Earnings (PE) ratio for DOF GROUP ASA (DOFG.OL) is 6.54 and the Price/Book (PB) ratio is 1.4.
Can you provide the dividend sustainability for DOFG stock?
The dividend rating of DOF GROUP ASA (DOFG.OL) is 7 / 10 and the dividend payout ratio is 34.78%.