OKEA ASA (OKEA.OL) Stock Fundamental Analysis
OSL:OKEA - Euronext Oslo - NO0010816895 - Common Stock - Currency: NOK
Overall OKEA gets a fundamental rating of 5 out of 10. We evaluated OKEA against 63 industry peers in the Oil, Gas & Consumable Fuels industry. OKEA has an average financial health and profitability rating. OKEA scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
OKEA had positive earnings in the past year.
OKEA had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: OKEA reported negative net income in multiple years.
Each year in the past 5 years OKEA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of OKEA (-4.46%) is worse than 87.30% of its industry peers.
OKEA has a Return On Equity of -91.01%. This is amonst the worse of the industry: OKEA underperforms 93.65% of its industry peers.
OKEA's Return On Invested Capital of 25.03% is amongst the best of the industry. OKEA outperforms 93.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.46% | ||
| ROE | -91.01% | ||
| ROIC | 25.03% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
OKEA's Profit Margin has declined in the last couple of years.
OKEA has a Operating Margin of 42.63%. This is amongst the best in the industry. OKEA outperforms 87.30% of its industry peers.
OKEA's Operating Margin has improved in the last couple of years.
OKEA has a Gross Margin of 71.28%. This is in the better half of the industry: OKEA outperforms 76.19% of its industry peers.
OKEA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.63% | ||
| PM (TTM) | N/A | ||
| GM | 71.28% |
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), OKEA is creating value.
There is no outstanding debt for OKEA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 1.33, we must say that OKEA is in the distress zone and has some risk of bankruptcy.
OKEA has a worse Altman-Z score (1.33) than 66.67% of its industry peers.
OKEA has a debt to FCF ratio of 1.24. This is a very positive value and a sign of high solvency as it would only need 1.24 years to pay back of all of its debts.
OKEA's Debt to FCF ratio of 1.24 is amongst the best of the industry. OKEA outperforms 87.30% of its industry peers.
OKEA has a Debt/Equity ratio of 2.63. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of OKEA (2.63) is worse than 92.06% of its industry peers.
Although OKEA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | 1.24 | ||
| Altman-Z | 1.33 |
ROIC/WACC2.09
WACC11.99%
2.3 Liquidity
A Current Ratio of 1.18 indicates that OKEA should not have too much problems paying its short term obligations.
OKEA's Current ratio of 1.18 is on the low side compared to the rest of the industry. OKEA is outperformed by 61.90% of its industry peers.
OKEA has a Quick Ratio of 1.09. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
OKEA's Quick ratio of 1.09 is in line compared to the rest of the industry. OKEA outperforms 50.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
OKEA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -94.69%.
OKEA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.31% yearly.
Looking at the last year, OKEA shows a very strong growth in Revenue. The Revenue has grown by 25.76%.
Measured over the past years, OKEA shows a very strong growth in Revenue. The Revenue has been growing by 30.21% on average per year.
EPS 1Y (TTM)-94.69%
EPS 3Y-14.31%
EPS 5YN/A
EPS Q2Q%-56.48%
Revenue 1Y (TTM)25.76%
Revenue growth 3Y42.72%
Revenue growth 5Y30.21%
Sales Q2Q%6.81%
3.2 Future
Based on estimates for the next years, OKEA will show a very strong growth in Earnings Per Share. The EPS will grow by 47.34% on average per year.
Based on estimates for the next years, OKEA will show a decrease in Revenue. The Revenue will decrease by -6.84% on average per year.
EPS Next Y593.57%
EPS Next 2Y127.25%
EPS Next 3Y75.37%
EPS Next 5Y47.34%
Revenue Next Year-17.4%
Revenue Next 2Y-16.92%
Revenue Next 3Y-10.18%
Revenue Next 5Y-6.84%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.79, which indicates a correct valuation of OKEA.
Based on the Price/Earnings ratio, OKEA is valued a bit more expensive than the industry average as 68.25% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 29.35, OKEA is valued a bit cheaper.
The Price/Forward Earnings ratio is 2.42, which indicates a rather cheap valuation of OKEA.
Based on the Price/Forward Earnings ratio, OKEA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
OKEA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 2.42 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than OKEA, based on the Enterprise Value to EBITDA ratio.
OKEA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OKEA is cheaper than 95.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.77 | ||
| EV/EBITDA | 0.06 |
4.3 Compensation for Growth
OKEA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as OKEA's earnings are expected to grow with 75.37% in the coming years.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y127.25%
EPS Next 3Y75.37%
5. Dividend
5.1 Amount
OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
OKEA's Dividend Yield is rather good when compared to the industry average which is at 59.75. OKEA pays more dividend than 80.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, OKEA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.96% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
OKEA has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-10.97%
EPS Next 2Y127.25%
EPS Next 3Y75.37%
OSL:OKEA (3/7/2025, 7:00:00 PM)
16.79
+0.36 (+2.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.26%
Inst Owner ChangeN/A
Ins Owners3.11%
Ins Owner ChangeN/A
Market Cap1.74B
Analysts80
Price Target28.76 (71.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.96% |
Yearly Dividend4
Dividend Growth(5Y)N/A
DP-10.97%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-194.67%
Min EPS beat(2)-452.02%
Max EPS beat(2)62.68%
EPS beat(4)2
Avg EPS beat(4)-44.8%
Min EPS beat(4)-452.02%
Max EPS beat(4)213.75%
EPS beat(8)5
Avg EPS beat(8)35.19%
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)1.85%
Min Revenue beat(2)-7.25%
Max Revenue beat(2)10.96%
Revenue beat(4)3
Avg Revenue beat(4)6.69%
Min Revenue beat(4)-7.25%
Max Revenue beat(4)15.03%
Revenue beat(8)5
Avg Revenue beat(8)3.95%
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)-2.76%
PT rev (3m)-4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.8%
EPS NY rev (1m)-1.11%
EPS NY rev (3m)-7.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)3.34%
Revenue NY rev (3m)-1.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 2.42 | ||
| P/S | 0.16 | ||
| P/FCF | 0.77 | ||
| P/OCF | 0.34 | ||
| P/B | 1.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.06 |
EPS(TTM)1
EY5.96%
EPS(NY)6.95
Fwd EY41.39%
FCF(TTM)21.68
FCFY129.14%
OCF(TTM)49.23
OCFY293.22%
SpS104.36
BVpS10.02
TBVpS-5.98
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.46% | ||
| ROE | -91.01% | ||
| ROCE | 32.5% | ||
| ROIC | 25.03% | ||
| ROICexc | 34.36% | ||
| ROICexgc | 40.94% | ||
| OM | 42.63% | ||
| PM (TTM) | N/A | ||
| GM | 71.28% | ||
| FCFM | 20.78% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-6.96%
OM growth 5Y5.16%
PM growth 3Y-39.76%
PM growth 5YN/A
GM growth 3Y-3.3%
GM growth 5Y-1.64%
F-Score4
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.63 | ||
| Debt/FCF | 1.24 | ||
| Debt/EBITDA | 0.37 | ||
| Cap/Depr | 103.01% | ||
| Cap/Sales | 26.4% | ||
| Interest Coverage | 27.86 | ||
| Cash Conversion | 69.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.33 |
F-Score4
WACC11.99%
ROIC/WACC2.09
Cap/Depr(3y)139.8%
Cap/Depr(5y)138.38%
Cap/Sales(3y)25.34%
Cap/Sales(5y)32.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-94.69%
EPS 3Y-14.31%
EPS 5YN/A
EPS Q2Q%-56.48%
EPS Next Y593.57%
EPS Next 2Y127.25%
EPS Next 3Y75.37%
EPS Next 5Y47.34%
Revenue 1Y (TTM)25.76%
Revenue growth 3Y42.72%
Revenue growth 5Y30.21%
Sales Q2Q%6.81%
Revenue Next Year-17.4%
Revenue Next 2Y-16.92%
Revenue Next 3Y-10.18%
Revenue Next 5Y-6.84%
EBIT growth 1Y24.08%
EBIT growth 3Y32.79%
EBIT growth 5Y36.94%
EBIT Next Year31.25%
EBIT Next 3Y4.97%
EBIT Next 5Y-0.09%
FCF growth 1Y27.73%
FCF growth 3Y-21.46%
FCF growth 5Y-17.4%
OCF growth 1Y32.61%
OCF growth 3Y19.13%
OCF growth 5Y15.03%