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 60 industry peers in the Oil, Gas & Consumable Fuels industry. While OKEA is still in line with the averages on profitability rating, there are concerns on its financial health. OKEA may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year OKEA was profitable.
In the past year OKEA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: OKEA reported negative net income in multiple years.
In the past 5 years OKEA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.94%, OKEA is doing worse than 76.67% of the companies in the same industry.
OKEA has a Return On Equity of 34.50%. This is amongst the best in the industry. OKEA outperforms 88.33% of its industry peers.
OKEA has a Return On Invested Capital of 23.41%. This is amongst the best in the industry. OKEA outperforms 91.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OKEA is significantly above the industry average of 11.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 34.5% | ||
| ROIC | 23.41% |
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
1.3 Margins
OKEA has a Profit Margin of 3.49%. This is in the lower half of the industry: OKEA underperforms 70.00% of its industry peers.
OKEA's Profit Margin has declined in the last couple of years.
OKEA has a better Operating Margin (40.86%) than 83.33% of its industry peers.
OKEA's Operating Margin has improved in the last couple of years.
OKEA's Gross Margin of 69.85% is fine compared to the rest of the industry. OKEA outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of OKEA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.86% | ||
| PM (TTM) | 3.49% | ||
| GM | 69.85% |
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.
Compared to 1 year ago, OKEA has about the same amount of shares outstanding.
OKEA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, OKEA has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that OKEA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.43, OKEA is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of OKEA is 3.67, which is a good value as it means it would take OKEA, 3.67 years of fcf income to pay off all of its debts.
OKEA has a Debt to FCF ratio of 3.67. This is in the better half of the industry: OKEA outperforms 68.33% of its industry peers.
A Debt/Equity ratio of 2.65 is on the high side and indicates that OKEA has dependencies on debt financing.
OKEA has a worse Debt to Equity ratio (2.65) than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 1.43 |
ROIC/WACC2.56
WACC9.14%
2.3 Liquidity
OKEA has a Current Ratio of 1.31. This is a normal value and indicates that OKEA is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.31, OKEA perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
A Quick Ratio of 1.16 indicates that OKEA should not have too much problems paying its short term obligations.
The Quick ratio of OKEA (1.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
The earnings per share for OKEA have decreased strongly by -94.69% in the last year.
The earnings per share for OKEA have been decreasing by -14.31% on average. This is quite bad
The Revenue has grown by 25.76% in the past year. This is a very strong growth!
OKEA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.21% yearly.
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
The Earnings Per Share is expected to grow by 49.23% on average over the next years. This is a very strong growth
Based on estimates for the next years, OKEA will show a very negative growth in Revenue. The Revenue will decrease by -10.88% on average per year.
EPS Next Y567.28%
EPS Next 2Y119.59%
EPS Next 3Y76%
EPS Next 5Y49.23%
Revenue Next Year-18.56%
Revenue Next 2Y-17.9%
Revenue Next 3Y-10.18%
Revenue Next 5Y-10.88%
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 17.00, which indicates a rather expensive current valuation of OKEA.
Compared to the rest of the industry, the Price/Earnings ratio of OKEA indicates a slightly more expensive valuation: OKEA is more expensive than 66.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.78, OKEA is valued a bit cheaper.
With a Price/Forward Earnings ratio of 2.54, the valuation of OKEA can be described as very cheap.
100.00% of the companies in the same industry are more expensive than OKEA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, OKEA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17 | ||
| Fwd PE | 2.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OKEA is valued cheaply inside the industry as 98.33% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, OKEA is valued cheaper than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.16 | ||
| EV/EBITDA | 0.15 |
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.
The decent profitability rating of OKEA may justify a higher PE ratio.
OKEA's earnings are expected to grow with 76.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y119.59%
EPS Next 3Y76%
5. Dividend
5.1 Amount
OKEA has a Yearly Dividend Yield of 10.96%, which is a nice return.
The stock price of OKEA dropped by -25.29% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 62.39, OKEA pays a better dividend. On top of this OKEA pays more dividend than 83.33% of the companies listed in the same industry.
OKEA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.46.
| 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
DP0%
EPS Next 2Y119.59%
EPS Next 3Y76%
OSL:OKEA (4/28/2025, 2:25:40 PM)
17
+0.1 (+0.59%)
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 Cap1.77B
Analysts83.08
Price Target28.56 (68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.96% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-212.6%
Min EPS beat(2)-452.02%
Max EPS beat(2)26.82%
EPS beat(4)2
Avg EPS beat(4)-91.53%
Min EPS beat(4)-452.02%
Max EPS beat(4)62.68%
EPS beat(8)5
Avg EPS beat(8)14.61%
EPS beat(12)7
Avg EPS beat(12)26.94%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)6.48%
Min Revenue beat(2)2%
Max Revenue beat(2)10.96%
Revenue beat(4)3
Avg Revenue beat(4)5.19%
Min Revenue beat(4)-7.25%
Max Revenue beat(4)15.03%
Revenue beat(8)6
Avg Revenue beat(8)9.39%
Revenue beat(12)6
Avg Revenue beat(12)-3.54%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.71%
PT rev (3m)-2.78%
EPS NQ rev (1m)11.89%
EPS NQ rev (3m)-3.19%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-10.61%
Revenue NQ rev (1m)4.36%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)-1.4%
Revenue NY rev (3m)1.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17 | ||
| Fwd PE | 2.54 | ||
| P/S | 0.16 | ||
| P/FCF | 2.16 | ||
| P/OCF | 0.41 | ||
| P/B | 1.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.15 |
EPS(TTM)1
EY5.88%
EPS(NY)6.69
Fwd EY39.33%
FCF(TTM)7.86
FCFY46.23%
OCF(TTM)40.97
OCFY241.01%
SpS105.76
BVpS10.69
TBVpS-6.64
PEG (NY)0.03
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 34.5% | ||
| ROCE | 30.41% | ||
| ROIC | 23.41% | ||
| ROICexc | 30.37% | ||
| ROICexgc | 36.07% | ||
| OM | 40.86% | ||
| PM (TTM) | 3.49% | ||
| GM | 69.85% | ||
| FCFM | 7.43% |
ROA(3y)0.39%
ROA(5y)-0.02%
ROE(3y)-20.73%
ROE(5y)-16.51%
ROIC(3y)23.72%
ROIC(5y)17.32%
ROICexc(3y)28.5%
ROICexc(5y)20.97%
ROICexgc(3y)34.6%
ROICexgc(5y)25.03%
ROCE(3y)30.81%
ROCE(5y)22.49%
ROICexcg growth 3Y22.67%
ROICexcg growth 5Y25.24%
ROICexc growth 3Y19.69%
ROICexc growth 5Y26.22%
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-Score6
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 3.67 | ||
| Debt/EBITDA | 0.4 | ||
| Cap/Depr | 119.52% | ||
| Cap/Sales | 31.31% | ||
| Interest Coverage | 20.07 | ||
| Cash Conversion | 57.77% | ||
| Profit Quality | 213.05% | ||
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z | 1.43 |
F-Score6
WACC9.14%
ROIC/WACC2.56
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 Y567.28%
EPS Next 2Y119.59%
EPS Next 3Y76%
EPS Next 5Y49.23%
Revenue 1Y (TTM)25.76%
Revenue growth 3Y42.72%
Revenue growth 5Y30.21%
Sales Q2Q%6.81%
Revenue Next Year-18.56%
Revenue Next 2Y-17.9%
Revenue Next 3Y-10.18%
Revenue Next 5Y-10.88%
EBIT growth 1Y10.49%
EBIT growth 3Y32.79%
EBIT growth 5Y36.94%
EBIT Next Year25.32%
EBIT Next 3Y3.24%
EBIT Next 5Y-3.06%
FCF growth 1Y-74.48%
FCF growth 3Y-21.31%
FCF growth 5Y-17.3%
OCF growth 1Y-17.94%
OCF growth 3Y19.17%
OCF growth 5Y15.06%