DOF GROUP ASA (DOFG.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:DOFG • NO0012851874

113.5 NOK
+0.7 (+0.62%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

6

Taking everything into account, DOFG scores 6 out of 10 in our fundamental rating. DOFG was compared to 36 industry peers in the Energy Equipment & Services industry. DOFG has only an average score on both its financial health and profitability. DOFG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally DOFG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year DOFG was profitable.
  • DOFG had a positive operating cash flow in the past year.
  • 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 Return On Assets of 10.24%. This is amongst the best in the industry. DOFG outperforms 86.11% of its industry peers.
  • DOFG's Return On Equity of 20.93% is fine compared to the rest of the industry. DOFG outperforms 77.78% of its industry peers.
  • DOFG's Return On Invested Capital of 8.67% is in line compared to the rest of the industry. DOFG outperforms 58.33% of its industry peers.
  • DOFG had an Average Return On Invested Capital over the past 3 years of 13.09%. This is above the industry average of 10.18%.
  • The last Return On Invested Capital (8.67%) for DOFG is well below the 3 year average (13.09%), which needs to be investigated, but indicates that DOFG had better years and this may not be a problem.
Industry RankSector 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%
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

  • DOFG's Profit Margin of 23.77% is amongst the best of the industry. DOFG outperforms 86.11% of its industry peers.
  • DOFG has a better Operating Margin (22.56%) than 83.33% of its industry peers.
  • DOFG's Operating Margin has improved in the last couple of years.
Industry RankSector 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
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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4

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.
  • 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 5.82, which is a neutral value as it means it would take DOFG, 5.82 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.82, DOFG is in line with its industry, outperforming 41.67% of the companies in the same industry.
  • DOFG has a Debt/Equity ratio of 0.75. This is a neutral value indicating DOFG is somewhat dependend on debt financing.
  • DOFG has a Debt to Equity ratio of 0.75. This is comparable to the rest of the industry: DOFG outperforms 41.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 5.82
Altman-Z N/A
ROIC/WACC1.03
WACC8.38%
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 1.96 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 66.67% of the companies in the same industry.
  • DOFG has a Quick Ratio of 1.96. This is a normal value and indicates that DOFG is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of DOFG (1.96) is better than 72.22% of its industry peers.
Industry RankSector Rank
Current Ratio 1.96
Quick Ratio 1.96
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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5

3. Growth

3.1 Past

  • The earnings per share for DOFG have decreased by -8.10% in the last year.
  • DOFG shows a strong growth in Revenue. In the last year, the Revenue has grown by 36.95%.
  • Measured over the past years, DOFG shows a very strong growth in Revenue. The Revenue has been growing by 23.33% on average per year.
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

  • DOFG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.53% yearly.
  • DOFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.81% yearly.
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.
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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8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.91, the valuation of DOFG can be described as very cheap.
  • Based on the Price/Earnings ratio, DOFG is valued cheaper than 83.33% of the companies in the same industry.
  • DOFG is valuated cheaply when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 7.25, the valuation of DOFG can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, DOFG is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
  • DOFG is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.91
Fwd PE 7.25
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 61.11% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as DOFG.
Industry RankSector Rank
P/FCF 10.12
EV/EBITDA 8.17
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.
  • 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%

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7

5. Dividend

5.1 Amount

  • DOFG has a Yearly Dividend Yield of 12.59%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.48, 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 1.83, DOFG pays a better dividend.
Industry RankSector Rank
Dividend Yield 12.59%

5.2 History

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

5.3 Sustainability

  • DOFG pays out 34.78% of its income as dividend. This is a sustainable payout ratio.
DP34.78%
EPS Next 2Y36.47%
EPS Next 3Y22.09%
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 (2/2/2026, 7:00:00 PM)

113.5

+0.7 (+0.62%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-05
Earnings (Next)02-19
Inst Owners37.06%
Inst Owner ChangeN/A
Ins Owners2.24%
Ins Owner ChangeN/A
Market Cap27.95B
Revenue(TTM)1.74B
Net Income(TTM)414.00M
Analysts86.15
Price Target131.92 (16.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 12.59%
Yearly Dividend0.04
Dividend Growth(5Y)N/A
DP34.78%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.1%
Min EPS beat(2)6.28%
Max EPS beat(2)13.92%
EPS beat(4)4
Avg EPS beat(4)34.27%
Min EPS beat(4)6.28%
Max EPS beat(4)59.69%
EPS beat(8)6
Avg EPS beat(8)63.7%
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)-4.52%
Min Revenue beat(2)-11.25%
Max Revenue beat(2)2.21%
Revenue beat(4)1
Avg Revenue beat(4)-3.57%
Min Revenue beat(4)-11.25%
Max Revenue beat(4)2.21%
Revenue beat(8)2
Avg Revenue beat(8)-4.02%
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%
PT rev (3m)0.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.27%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.03%
Valuation
Industry RankSector Rank
PE 6.91
Fwd PE 7.25
P/S 1.68
P/FCF 10.12
P/OCF 5.7
P/B 1.48
P/tB 1.48
EV/EBITDA 8.17
EPS(TTM)16.43
EY14.48%
EPS(NY)15.66
Fwd EY13.8%
FCF(TTM)11.21
FCFY9.88%
OCF(TTM)19.9
OCFY17.54%
SpS67.58
BVpS76.74
TBVpS76.62
PEG (NY)0.1
PEG (5Y)N/A
Graham Number168.43
Profitability
Industry RankSector Rank
ROA 10.24%
ROE 20.93%
ROCE 11.26%
ROIC 8.67%
ROICexc 9.96%
ROICexgc 9.97%
OM 22.56%
PM (TTM) 23.77%
GM N/A
FCFM 16.59%
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%
ROICexgc growth 3Y-44.68%
ROICexgc 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-Score5
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 5.82
Debt/EBITDA 2.93
Cap/Depr 198.23%
Cap/Sales 12.86%
Interest Coverage 0.93
Cash Conversion 101.38%
Profit Quality 69.81%
Current Ratio 1.96
Quick Ratio 1.96
Altman-Z N/A
F-Score5
WACC8.38%
ROIC/WACC1.03
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)-8.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.16%
EPS Next Y67.69%
EPS Next 2Y36.47%
EPS Next 3Y22.09%
EPS Next 5Y17.53%
Revenue 1Y (TTM)36.95%
Revenue growth 3Y23.33%
Revenue growth 5YN/A
Sales Q2Q%36.76%
Revenue Next Year32.49%
Revenue Next 2Y17.2%
Revenue Next 3Y11.09%
Revenue Next 5Y7.81%
EBIT growth 1Y61.78%
EBIT growth 3Y50.78%
EBIT growth 5YN/A
EBIT Next Year104.82%
EBIT Next 3Y31.51%
EBIT Next 5Y23.36%
FCF growth 1Y235.26%
FCF growth 3Y64.48%
FCF growth 5YN/A
OCF growth 1Y167.51%
OCF growth 3Y38.12%
OCF growth 5YN/A

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 6.91 and the Price/Book (PB) ratio is 1.48.


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%.