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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)2.59bn
- Net income in NOK-776.40m
- Incorporated2017
- Employees7.00
- 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
- Profitability
- 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Seabird Exploration PLC | 379.30m | 74.32m | 361.12m | 460.00 | 4.44 | 1.14 | 2.51 | 0.9521 | 1.01 | 1.01 | 5.11 | 3.92 | 0.5706 | 21.50 | 2.94 | -- | 11.18 | -16.59 | 19.18 | -27.75 | 45.14 | 13.48 | 19.60 | -32.50 | 1.11 | 2.50 | 0.358 | -- | 71.77 | 11.74 | 158.48 | -- | -33.81 | -- |
| Prosafe SE | 1.07bn | -742.47m | 703.82m | 255.00 | -- | 1.90 | -- | 0.6578 | -70.30 | -70.30 | 94.57 | 20.71 | 0.1968 | -- | 5.55 | 4,195,698.00 | -13.66 | -11.70 | -14.92 | -40.77 | -- | -- | -69.40 | -68.04 | -- | -1.44 | 0.9254 | -- | -51.86 | -21.82 | -4,620.00 | -- | 34.08 | -- |
| Golden Energy Offshore Services AS | 209.09m | -8.48m | 928.13m | -- | -- | 1.74 | 37.57 | 4.44 | -0.07 | -0.07 | 2.39 | 1.06 | 0.1969 | 6.81 | 5.42 | -- | -0.8034 | -10.09 | -1.02 | -15.49 | 31.34 | -- | -4.08 | -50.36 | 0.4478 | 0.8462 | 0.2968 | -- | 48.23 | 27.87 | 85.36 | -- | 106.94 | -- |
| Eidesvik Offshore ASA | 699.46m | 518.42m | 1.10bn | 420.00 | 1.87 | 0.643 | 1.58 | 1.58 | 8.08 | 8.08 | 10.90 | 23.48 | 0.2765 | -- | 2.81 | -- | 21.23 | 1.01 | 32.26 | 1.20 | -- | -- | 76.76 | 4.98 | -- | -- | 0.352 | 12.70 | 10.20 | 7.88 | 49.81 | -- | -- | -- |
| Abl Group ASA | 2.75bn | 95.02m | 1.47bn | 1.47k | 14.81 | 1.28 | 9.58 | 0.5332 | 0.771 | 0.771 | 22.34 | 8.95 | 1.63 | -- | 3.74 | 1,876,690.00 | 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 | -- |
| Reach Subsea ASA | 2.00bn | 225.79m | 1.60bn | 273.00 | 7.44 | 1.72 | 1.88 | 0.8006 | 0.79 | 0.79 | 6.31 | 3.41 | 1.10 | -- | 10.92 | -- | 12.39 | 9.73 | 18.89 | 15.91 | -- | -- | 11.31 | 8.01 | -- | 6.44 | 0.5758 | 46.64 | 71.64 | 24.20 | 212.79 | -- | 33.41 | 38.81 |
| Northern Ocean Ltd | 2.59bn | -776.40m | 1.64bn | 7.00 | -- | 0.343 | -- | 0.6326 | -4.27 | -4.27 | 14.28 | 26.19 | 0.2246 | -- | 7.01 | -- | -6.72 | -5.43 | -7.57 | -6.54 | 19.33 | 14.54 | -29.92 | -63.70 | -- | -0.5295 | 0.5535 | -- | 993.73 | -- | 23.68 | -- | -23.13 | -- |
| Archer Ltd | 12.80bn | -307.72m | 1.68bn | 4.86k | -- | 0.7825 | 7.04 | 0.1313 | -0.6913 | -0.6913 | 10.08 | 1.32 | 1.29 | -- | 6.95 | 2,636,921.00 | -3.09 | -1.99 | -7.40 | -3.79 | -- | -- | -2.39 | -1.83 | 1.01 | 0.9399 | 0.6817 | -- | 20.52 | 5.62 | -386.73 | -- | 16.51 | -- |
| Noram Drilling AS | 1.30bn | 207.18m | 1.68bn | 193.00 | 8.13 | 1.99 | 4.06 | 1.30 | 4.80 | 4.80 | 30.03 | 19.58 | 1.11 | -- | 9.06 | -- | 17.74 | -2.00 | 22.80 | -2.23 | 75.90 | 73.94 | 15.99 | -3.31 | -- | -- | -- | -- | 23.94 | 8.19 | 535.29 | -- | -25.16 | -- |
| Dolphin Drilling AS | 781.89m | -77.75m | 1.78bn | 262.00 | -- | 0.8806 | 25.36 | 2.27 | -1.11 | -1.11 | 4.43 | 7.25 | 0.4182 | 1.57 | 2.40 | -- | -4.16 | -- | -5.94 | -- | 44.26 | -- | -9.94 | -- | 1.70 | 0.8594 | 0.093 | -- | 239.44 | -- | 89.47 | -- | -- | -- |
| Deep Value Driller AS | 0.00 | -341.30m | 2.23bn | -- | -- | 6.84 | -- | -- | -3.94 | -3.94 | 0.00 | 3.75 | 0.00 | -- | -- | -- | -29.70 | -- | -36.39 | -- | -- | -- | -- | -- | 0.6111 | -3.97 | 0.7163 | -- | -- | -- | -23.43 | -- | -- | -- |
| Shelf Drilling (North Sea) Ltd | 1.50bn | -262.82m | 2.69bn | -- | -- | 1.36 | -- | 1.79 | -4.34 | -4.34 | 16.67 | 19.78 | 0.2789 | -- | 4.79 | -- | -4.89 | -- | -5.28 | -- | -- | -- | -17.52 | -- | -- | 0.2036 | 0.5668 | -- | 180.78 | -- | -358.31 | -- | -- | -- |
Data as of Apr 25 2024. Currency figures normalised to Northern Ocean Ltd's reporting currency: Norwegian Krone NOK
2.94%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Skagen AS (Investment Management)as of 31 Dec 2023 | 3.20m | 1.75% |
| Gladwyne Investments LLPas of 31 Mar 2023 | 930.17k | 0.51% |
| DNB Asset Management ASas of 29 Feb 2024 | 536.71k | 0.29% |
| Dimensional Fund Advisors LPas of 04 Apr 2024 | 384.13k | 0.21% |
| Dimensional Fund Advisors Ltd.as of 04 Apr 2024 | 122.77k | 0.07% |
| Exchange Traded Concepts LLCas of 04 Apr 2024 | 88.70k | 0.05% |
| Ixios Asset Management SAas of 30 Jun 2023 | 63.28k | 0.04% |
| DFA Australia Ltd.as of 31 Jan 2024 | 17.56k | 0.01% |
| Fondsforvaltning ASas of 31 Dec 2023 | 17.05k | 0.01% |
| SSgA Funds Management, Inc.as of 04 Apr 2024 | 2.40k | 0.00% |
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Data from 31 Mar 2023 - 18 Apr 2024Source: FactSet Research Systems Inc.
