NOL Relative Valuation - Northern Ocean Ltd - Alpha Spread

Northern Ocean Ltd
OSE:NOL

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Northern Ocean Ltd
OSE:NOL
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Price: 6.25 NOK -6.72% Market Closed
Market Cap: 1.9B NOK
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Relative Value

The Relative Value of one NOL stock under the Base Case scenario is 31.34 NOK. Compared to the current market price of 6.25 NOK, Northern Ocean Ltd is Undervalued by 80%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOL Relative Value
Base Case
31.34 NOK
Undervaluation 80%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
65
Median 3Y
3.9
Median 5Y
3.9
Industry
2.2
Forward
0.7
vs History
vs Industry
Median 3Y
-4.7
Median 5Y
-5.5
Industry
16.5
Forward
-3.8
vs History
26
vs Industry
10
Median 3Y
-6.2
Median 5Y
-6.4
Industry
10.4
vs History
10
vs Industry
18
Median 3Y
-5.9
Median 5Y
-6.2
Industry
14.8
vs History
84
vs Industry
60
Median 3Y
0.7
Median 5Y
0.6
Industry
1.6
vs History
96
vs Industry
65
Median 3Y
9.2
Median 5Y
7.9
Industry
3.2
Forward
1
vs History
85
vs Industry
50
Median 3Y
25.4
Median 5Y
29.9
Industry
6.8
vs History
31
vs Industry
19
Median 3Y
-33.5
Median 5Y
-34.5
Industry
11.2
Forward
5.6
vs History
vs Industry
Median 3Y
-15
Median 5Y
-18
Industry
13.2
Forward
-36.6
vs History
26
vs Industry
10
Median 3Y
-13.1
Median 5Y
-14.3
Industry
11.6
vs History
vs Industry
Median 3Y
-8.3
Median 5Y
-9.4
Industry
12.7
vs History
91
vs Industry
69
Median 3Y
0.7
Median 5Y
0.7
Industry
1.5

Multiples Across Competitors

NOL Competitors Multiples
Northern Ocean Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
BM
Northern Ocean Ltd
OSE:NOL
1.9B NOK 0.6 -2.8 7.3 -17.2
SA
ADES Holding Company SJSC
SAU:2382
21.7B SAR 4 33.6 12 20.3
CN
China Oilfield Services Ltd
SSE:601808
39.4B CNY 0.8 12.1 8.3 8.3
US
Noble Corporation PLC
CSE:NOBLE
35.2B DKK 2 8.8 5.7 8.6
US
Noble Corp (Cayman Island)
NYSE:NE
5.2B USD 2 8.8 5.7 8.6
BM
Valaris Ltd
NYSE:VAL
4.1B USD 2 4 16.4 26.3
CH
Transocean Ltd
NYSE:RIG
4B USD 1.3 -11.5 13.9 -468.6
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
3.3B USD 0.6 26.9 3.3 12.3
US
Helmerich and Payne Inc
NYSE:HP
3.2B USD 1.2 9.1 4.2 8.2
SA
Arabian Drilling Co
SAU:2381
10.8B SAR 2.8 22 8 16.6
BM
Seadrill Ltd
NYSE:SDRL
2.8B USD 1.8 6 5.2 7.8

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