Odfjell Drilling ODL.OL
United KingdomEnergy · Oil & Gas DrillingEuronext Oslo Børs · NOK
115.74 NOK (+19.1%)
4 analysts
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Odfjell Drilling is an offshore drilling company that provides drilling rig services and rig management to oil companies, primarily in the North Sea and other regions.
Listed on Euronext Oslo Børs · Symbol ODL.OL · OB: ODL · Currency NOK
Key points
from its scores- ✓Strong growth8.8
- ✓Good share-price trend8.8
- ✓Favourable backdrop8.6
- !Somewhat demanding valuation5.4
- !Average business quality5.5
AI analysis
bottom line, main risk, context and newsHold, given the strong momentum and high dividend yield, but with caution due to the cyclical nature of the business and weak cash generation.
Odfjell Drilling shows exceptional growth (revenue +51.1%) and a very attractive dividend yield (9.15%), but its business is cyclical and its free cash flow conversion is negative, raising doubts about the sustainability of its dividend and future growth.
The main risk is the cyclical nature of offshore drilling: if oil prices fall or oil companies cut exploration spending, demand for its rigs and its day rates could plummet, affecting its growth and its ability to maintain the dividend.
Context and risks
Odfjell Drilling is an offshore driller whose revenue depends on the investment and activity levels of oil companies. The context of rising interest rates and a strong dollar could make financing for its clients' exploration and production projects more expensive, potentially moderating future demand for its services. However, the company has no direct exposure to the price of crude oil, so the impact is considered moderate and is reflected in a slight adjustment to risk.
Is Odfjell Drilling stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 27% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 10.3 | 15.7 | −34% |
| EV / EBITDA | 6.5 | 8.0 | −19% |
| Price / book | 1.7 | 2.2 | −24% |
| Price / sales | 2.2 | 1.9 | +16% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.4 out of 10 (median for Energy: 5.9).
Average analyst target: 115.74 NOK, +19.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.6 (sector 6.8), Growth 8.8 (sector 7.2).
Classic formulas with standard assumptions (10.0% 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 Energy medianValuation
- P/E
- 10.3
- Forward P/E
- 8.6
- EV / EBITDA
- 6.5
- Price / book
- 1.7
- Price / sales
- 2.2
- PEG
- 0.25
- Market cap
- 23.3B NOK
- Enterprise value
- 3.3B USD
Profitability
- ROE
- 15.7%
- ROA
- 8.6%
- ROIC (approx.)
- 11.1%
- Gross margin
- 100.0%
- Operating margin
- 24.2%
- Net margin
- 20.5%
- Free cash flow
- −338.2M USD
- FCF yield
- −13.9%
- Cash conversion
- −66%
Solvency
- Total debt
- 966.6M USD
- Net debt
- 906.2M USD
- Cash
- 60.4M USD
- EBITDA
- 510.7M USD
- Net debt / EBITDA
- 1.77
- Debt / equity
- 67.10
- Current ratio
- 1.03
- Quick ratio
- 0.63
Growth
- Revenue growth
- +51.1%
- Earnings growth
- +35.3%
- EPS (TTM)
- 9.45 NOK
- EPS (forward)
- 11.33 NOK
Dividend
- Dividend yield
- 9.1%
- Payout
- 91.7%
Risk and market
- Beta
- 0.30
- Analyst consensus
- Buy (4)
- Target price
- 115.74 NOK
- 52-week range
- 73.60 – 112.00
Recent news
All ODL.OL news →Compare it with its sector
All 102 in Energy →Frequently asked questions about Odfjell Drilling
Is Odfjell Drilling stock cheap or expensive?
On P/E and EV / EBITDA, it trades 27% below the Energy median on average. Valuation score: 5.4 out of 10 (median for Energy: 5.9). Average analyst target: 115.74 NOK, +19.1% versus the price. This is not investment advice.
What score does Odfjell Drilling get on MeridIAn Screener?
It scores 6.9 out of 10, rank 275 of 2,130 (better than 86% of the companies analysed). Its strongest category is Growth (8.8) and its weakest, Valuation (5.4). Analysis of 08/10/2026.
What is Odfjell Drilling's P/E ratio?
Its P/E is 10.3: the share price equals 10.3 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 8.6.
How much is Odfjell Drilling worth on the stock market?
Its market capitalisation is 23.3B NOK and its enterprise value, debt included, is 3.3B NOK.
How much debt does Odfjell Drilling have?
Its net debt (debt minus cash) is 906.2M USD. That is 1.77 times its EBITDA; the Energy median is 1.23.
Does Odfjell Drilling pay a dividend?
Yes: its dividend yield is 9.15% and it pays out 92% of its earnings.
How has Odfjell Drilling stock performed over the last year?
It has risen 36.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 73.60 and 112.00 NOK. Past performance does not guarantee future results.
What do analysts think of Odfjell Drilling?
4 analysts cover it; their average recommendation is “Buy” and their average target is 115.74 NOK (+19.1% versus the price). It is an estimate, not market data.