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About the company
Northern Ocean Ltd. is a Bermuda-based international drilling contractor company. The Company is engaged in offshore drilling for the oil and gas industry in harsh environments worldwide. The Company owns two semi-submersible rigs, namely Deepsea Mira and Deepsea Bollsta, which has the capacity of drilling at a water depth of approximately 10,000 feet. The Company contracts its drilling rigs primarily on a day rate basis for long periods.
- Revenue in NOK (TTM)3.09bn
- Net income in NOK-679.13m
- Incorporated2017
- Employees10.00
- LocationNorthern Ocean LtdPar La Ville Place14th, Par La Ville RoadHAMILTON HM 08BermudaBMU
- Phone+1 4 412959500
- Websitehttps://www.northernocean.no/
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Peer analysis
Key Information
- Key Information
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- Per Share Data
- Efficiency
- Management Effectiveness
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- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Petrolia E&P Holdings Plc | 577.69m | 21.40m | 301.67m | 198.00 | 14.08 | 0.7352 | 3.29 | 0.5222 | 0.3624 | 0.3624 | 9.78 | 6.94 | 0.8291 | -- | 4.19 | 2,917,631.00 | 2.71 | -0.104 | 3.72 | -0.1441 | -- | -- | 3.27 | -0.1309 | 2.05 | 4.61 | 0.1233 | -- | -2.35 | -0.2287 | 227.98 | -7.59 | -- | -- |
| ElectroMagnetic GeoServices ASA | 34.20m | -132.85m | 317.04m | 19.00 | -- | -- | -- | 9.27 | -1.01 | -1.01 | 0.2612 | -0.2632 | 0.10 | 0.3897 | 1.20 | 1,800,198.00 | -38.84 | -0.1398 | -55.24 | -0.203 | 52.42 | 84.16 | -388.44 | -0.2208 | 1.11 | -4.78 | 1.18 | -- | -77.16 | -24.02 | -173.07 | -- | -34.41 | -- |
| Seabird Exploration PLC | 373.73m | -12.50m | 376.33m | 460.00 | -- | 1.20 | 6.86 | 1.01 | -0.1553 | -0.1553 | 4.64 | 3.89 | 0.6264 | 32.00 | 3.68 | -- | -2.10 | -17.75 | -3.18 | -29.78 | 44.97 | 13.44 | -3.35 | -34.69 | 1.26 | 1.21 | 0.3462 | -- | 71.77 | 11.74 | 126.95 | -- | -33.60 | -- |
| Prosafe SE | 1.25bn | -583.03m | 628.26m | 255.00 | -- | 2.33 | -- | 0.5021 | -48.14 | -48.14 | 92.59 | 15.09 | 0.245 | -- | 5.96 | 4,907,182.00 | -11.41 | -11.70 | -12.47 | -40.77 | -- | -- | -46.59 | -68.04 | -- | -0.9493 | 0.9431 | -- | -51.86 | -21.82 | -4,620.00 | -- | 34.08 | -- |
| Golden Energy Offshore Services ASA | 209.09m | -8.48m | 777.62m | 93.00 | -- | 29.21 | 31.47 | 3.72 | -0.0834 | -0.0834 | 1.57 | 1.06 | 0.1969 | 13.69 | 5.42 | 2,248,237.00 | -0.8034 | -10.09 | -1.02 | -15.49 | 48.06 | 23.52 | -4.08 | -50.36 | 0.459 | 0.2846 | 0.646 | -- | 48.23 | 27.87 | 85.36 | -- | 106.94 | -- |
| Eidesvik Offshore ASA | 750.09m | 547.93m | 1.13bn | 416.00 | 2.07 | 0.7504 | 1.54 | 1.51 | 7.51 | 7.51 | 10.29 | 20.71 | 0.2932 | -- | 2.60 | 1,803,108.00 | 22.19 | 0.9895 | 28.10 | 1.17 | -- | -- | 75.69 | 4.86 | -- | -- | 0.3456 | 14.89 | 10.20 | 7.88 | 48.75 | -- | 45.24 | -- |
| Dolphin Drilling AS | 761.03m | -75.68m | 1.25bn | 262.00 | -- | 0.5892 | 18.39 | 1.65 | -1.08 | -1.08 | 4.31 | 7.05 | 0.4182 | 1.57 | 2.40 | -- | -4.16 | -- | -5.94 | -- | 44.26 | -- | -9.94 | -- | 1.70 | 0.8594 | 0.093 | -- | 239.44 | -- | 89.47 | -- | -- | -- |
| Northern Ocean Ltd | 3.09bn | -679.13m | 1.45bn | 10.00 | -- | 0.3187 | -- | 0.4703 | -3.72 | -3.72 | 16.90 | 24.95 | 0.2774 | -- | 6.42 | 308,907,200.00 | -6.10 | -5.43 | -8.63 | -6.54 | 20.42 | 14.54 | -21.98 | -63.70 | -- | -0.2853 | 0.5598 | -- | 993.73 | -- | 23.68 | -- | -23.13 | -- |
| Abl Group ASA | 2.68bn | 92.49m | 1.53bn | 1.47k | 15.86 | 1.37 | 10.26 | 0.5711 | 0.7505 | 0.7505 | 21.75 | 8.71 | 1.63 | -- | 3.74 | 1,826,615.00 | 5.64 | 5.41 | 8.51 | 7.80 | -- | -- | 3.45 | 4.09 | -- | 4.79 | 0.1622 | -- | 49.64 | 47.34 | 38.77 | 29.07 | 81.20 | -- |
| Noram Drilling AS | 1.18bn | 122.13m | 1.63bn | 361.00 | 13.36 | 2.08 | 5.02 | 1.38 | 2.83 | 2.83 | 27.34 | 18.21 | 1.09 | -- | 8.57 | 3,266,847.00 | 11.25 | -1.96 | 13.29 | -2.19 | 73.78 | 73.94 | 10.35 | -3.23 | -- | -- | 0.00 | -- | 23.94 | 8.19 | 545.57 | -- | -25.16 | -- |
| Archer Ltd | 12.91bn | -223.83m | 1.75bn | 4.92k | -- | 0.934 | 5.22 | 0.1354 | -3.62 | -3.62 | 202.02 | 28.81 | 1.29 | 2.93 | 7.35 | 2,658,090.00 | -2.21 | -1.99 | -3.04 | -3.79 | 83.77 | 86.36 | -1.72 | -1.83 | 1.02 | 1.00 | 0.7053 | -- | 20.52 | 5.62 | -386.73 | -- | 16.51 | -- |
| Reach Subsea ASA | 2.34bn | 226.12m | 1.86bn | 342.00 | 8.20 | 1.98 | 1.93 | 0.7954 | 0.8346 | 0.8346 | 9.04 | 3.45 | 1.03 | -- | 5.54 | 6,833,790.00 | 9.98 | 9.74 | 15.62 | 15.91 | -- | -- | 9.67 | 8.01 | -- | 5.34 | 0.6479 | 46.64 | 71.64 | 24.20 | 212.79 | -- | 33.41 | 38.81 |
| Deep Value Driller AS | 288.14m | -124.79m | 2.10bn | -- | -- | 5.14 | -- | 7.28 | -1.44 | -1.44 | 3.32 | 4.71 | 0.1937 | -- | 3.57 | -- | -8.39 | -- | -9.68 | -- | -- | -- | -43.31 | -- | 0.8403 | -0.2175 | 0.662 | -- | -- | -- | -62.42 | -- | -- | -- |
Data as of Jun 14 2024. Currency figures normalised to Northern Ocean Ltd's reporting currency: Norwegian Krone NOK
2.92%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Skagen AS (Investment Management)as of 31 Mar 2024 | 3.20m | 1.75% |
| Gladwyne Investments LLPas of 30 Sep 2023 | 930.17k | 0.51% |
| DNB Asset Management ASas of 30 Apr 2024 | 493.51k | 0.27% |
| Dimensional Fund Advisors LPas of 06 Jun 2024 | 396.94k | 0.22% |
| Dimensional Fund Advisors Ltd.as of 06 Jun 2024 | 132.77k | 0.07% |
| Exchange Traded Concepts LLCas of 06 Jun 2024 | 70.35k | 0.04% |
| Ixios Asset Management SAas of 30 Jun 2023 | 63.28k | 0.04% |
| DFA Australia Ltd.as of 30 Apr 2024 | 17.75k | 0.01% |
| Fondsforvaltning ASas of 31 Mar 2024 | 17.05k | 0.01% |
| SSgA Funds Management, Inc.as of 05 Jun 2024 | 2.40k | 0.00% |
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Data from 30 Jun 2023 - 13 Jun 2024Source: FactSet Research Systems Inc.
