DOF Group DOFG.OL
NorwayIndustrials · Engineering & ConstructionEuronext Oslo Børs · NOK
151.05 NOK (+18.7%)
6 analysts
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DOF Group ASA is a Norwegian provider of maritime and engineering services for the offshore energy sector, specializing in construction, inspection, maintenance and repair operations of subsea and surface infrastructure.
Listed on Euronext Oslo Børs · Symbol DOFG.OL · OB: DOFG · Currency NOK
Key points
from its scores- ✓Favourable backdrop9.4
- ✓Good share-price trend9.2
- ✓Attractive dividend8.4
AI analysis
bottom line, main risk, context and newsFundamentals are solid and valuation is attractive, but earnings growth is moderate and the business depends on the offshore investment cycle.
DOF Group presents solid fundamentals: high profitability (ROE 23.34%, operating margin 35.69%), attractive valuation (P/E 6.80) and a net dividend yield of 9.81%. Earnings growth is moderate (7.30%), but revenue growth is strong (43.00%). The business depends on the offshore investment cycle, which adds some sensitivity to the interest rate environment and energy demand.
Dependence on the investment cycle in the offshore oil and gas sector, which can be volatile and is subject to changes in energy prices and the investment policies of major oil companies.
Context and risks
DOF Group is a Norwegian provider of maritime services for the offshore energy sector. Its business is linked to oil and gas exploration and production activity and demand for support vessels. The context of rising interest rates in Europe (ECB) and a stronger dollar may influence demand for its services and its financing costs, but there is no concrete news materializing a direct impact on its results. The main risk is dependence on the offshore investment cycle, which is not directly captured by financial metrics.
Is DOF Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 67% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 6.8 | 25.4 | −73% |
| EV / EBITDA | 5.8 | 14.5 | −60% |
| Price / book | 1.6 | 4.1 | −60% |
| Price / sales | 1.5 | 2.1 | −26% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 151.05 NOK, +18.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.3 (sector 6.4), Growth 7.9 (sector 6.6).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 6.8
- Forward P/E
- 7.4
- EV / EBITDA
- 5.8
- Price / book
- 1.6
- Price / sales
- 1.5
- PEG
- 1.01
- Market cap
- 31.3B NOK
- Enterprise value
- 4.6B USD
Profitability
- ROE
- 23.3%
- ROA
- 8.7%
- ROIC (approx.)
- 20.5%
- Gross margin
- 65.1%
- Operating margin
- 35.7%
- Net margin
- 21.8%
- Free cash flow
- 156.4M USD
- FCF yield
- 4.8%
- Cash conversion
- 19%
Solvency
- Total debt
- 1.7B USD
- Net debt
- 1.4B USD
- Cash
- 343.0M USD
- EBITDA
- 805.0M USD
- Net debt / EBITDA
- 1.71
- Debt / equity
- 82.04
- Current ratio
- 1.74
- Quick ratio
- 1.39
Growth
- Revenue growth
- +43.0%
- Earnings growth
- +7.3%
- EPS (TTM)
- 18.71 NOK
- EPS (forward)
- 17.29 NOK
Dividend
- Dividend yield
- 10.9%
- Payout
- 71.2%
Risk and market
- Beta
- 0.01
- Analyst consensus
- Strong buy (6)
- Target price
- 151.05 NOK
- 52-week range
- 86.40 – 143.70
Recent news
All DOFG.OL news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about DOF Group
Is DOF Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 67% below the Industrials median on average. Valuation score: 8.3 out of 10 (median for Industrials: 5.0). Average analyst target: 151.05 NOK, +18.7% versus the price. This is not investment advice.
What score does DOF Group get on MeridIAn Screener?
It scores 8.1 out of 10, rank 7 of 2,130 (better than 100% of the companies analysed). Its strongest category is Risk & Context (9.4) and its weakest, Quality / Moat (7.0). Analysis of 08/10/2026.
What is DOF Group's P/E ratio?
Its P/E is 6.8: the share price equals 6.8 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 7.4.
How much is DOF Group worth on the stock market?
Its market capitalisation is 31.3B NOK and its enterprise value, debt included, is 4.6B NOK.
How much debt does DOF Group have?
Its net debt (debt minus cash) is 1.4B USD. That is 1.71 times its EBITDA; the Industrials median is 1.58.
Does DOF Group pay a dividend?
Yes: its dividend yield is 10.90% and it pays out 71% of its earnings.
How has DOF Group stock performed over the last year?
It has risen 48.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 86.40 and 143.70 NOK. Past performance does not guarantee future results.
What do analysts think of DOF Group?
6 analysts cover it; their average recommendation is “Strong buy” and their average target is 151.05 NOK (+18.7% versus the price). It is an estimate, not market data.