Odfjell Drilling Ltd (ODL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Odfjell Drilling Ltd stock NOK 60.36, price NOK 99.50, that is 39.3% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range kr 11.26 – kr 110.40 · fair‑value band kr 48.93 – kr 75.31 · the kr 99.50 price screens above the kr 60.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Odfjell Drilling Ltd. owns and operates mobile offshore drilling units primarily in Norway and Namibia. The company operates through two segments, Own Fleet and External Fleet.
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It also offers management services to other owners of drilling units, such as operational management, regulatory requirements management, marketing, contract negotiations and client relations, and operation and mobilization preparation services.
The company was founded in 1914 and is based in Aberdeen, the United Kingdom.
Stock analysis
Odfjell Drilling Ltd (ODL) currently trades at kr 99.50, while our model-based Fair Value estimate is kr 60.36, 39% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of kr 73.49 per share, and 0 of the 9 models we run sit above the kr 99.50 price.
Bear case: the Multiples group reads lowest at kr 33.32, and 9 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 48.93 (bear) to kr 75.31 (bull), the price of kr 99.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Odfjell Drilling Ltd reported revenue of $514M in FY2025 versus $872M in FY2021, a compound −12.4%/yr. Reported net income was $167M in FY2025, compounding +22.4%/yr from FY2021.
Key figures
Market cap 23.9B NOK (≈ $2.5B) Mid · P/E ratio 10.9 · P/S ratio 3.55 · EPS (TTM) kr 9.12 · Dividend yield 0.9% · Net margin 32.5% · Return on equity 15.7% · Return on assets (EBIT) 5.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −26% fair-value upside, at −39%, ODL screens richer than that median.
Fair Value models
Bearkr 48.93Fair Value kr 60.36Bullkr 75.31
Price kr 99.50 · Downside -39.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 7.02 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.2%
Start year 2020 (pandemic). Over 10 years: −2.4% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.2%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.8%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 17.3% / 12.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → −23%
2025 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (14 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Sparse public data leaves neutral scores with mixed signals and no durable edge, yet a fresh three-year contract improves earnings visibility despite negative free cash flow and elevated debt.
Main risk: Sharp swings in rig utilization with oil prices would undermine backlog durability and hit earnings visibility.
Odfjell Drilling locked in a three-year contract for the Deepsea Bergen rig shortly after acquiring the unit, pushing its firm backlog out to early 2031. That improves earnings visibility in a business where rigs often sit idle between jobs. Our models see the shares as overvalued. Will the fresh backlog prove durable enough to justify current valuations when utilization can swing sharply with oil prices?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Drilling · 34 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−39.3% · Below median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets6.3% · Top 25%
Net margin (12 months)20.5% · Top 25%
Operating margin (12 months)24.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)51.1% · Top 25%
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.64× · Above median
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
P/E (12 months)10.9× · Pricier than median
P/B1.77× · Pricier than median
P/S (12 months)2.31× · Priciest 25%
EV/EBITDA6.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)100· sector 3
PAST (return on equity)63· sector 5
HEALTH (low debt)68· sector 80
DIVIDEND (yield)19· sector 32
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Odfjell Drilling Ltd (ODL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 60.36 versus a price of kr 99.50, about 39% lower (overvalued).
What is the fair value of ODL?
Our model-based fair value for Odfjell Drilling Ltd is kr 60.36 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 99.50.
What is the quality score of ODL?
Odfjell Drilling Ltd has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Odfjell Drilling Ltd (ODL)?
Our model-based price target is the fair value of kr 60.36 (as of Nov 6, 2026) from 9 valuation models. Cautious scenario kr 48.93, optimistic scenario kr 75.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Odfjell Drilling Ltd stock forecast for 2026?
Our models put fair value at kr 60.36, about 39% lower versus a price of kr 99.50 (overvalued). Cautious scenario kr 48.93, optimistic scenario kr 75.31. The calculation is refreshed regularly with new filings.
What is the revenue of Odfjell Drilling Ltd (ODL)?
Odfjell Drilling Ltd reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Nov 6, 2026).
Does Odfjell Drilling Ltd pay a dividend?
Odfjell Drilling Ltd currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Odfjell Drilling Ltd (ODL) and when is the ex-dividend date?
Odfjell Drilling Ltd pays a dividend of kr 0.93 per share a year, a dividend yield of 0.9%. The last ex-dividend date was Sep 3, 2026. The payout ratio is 95.5% of earnings. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Odfjell Drilling Ltd (ODL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Odfjell Drilling Ltd it is kr 60.36 per share (as of Nov 6, 2026), against a price of kr 99.50. It is the blended result of 9 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Odfjell Drilling Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ODL trades above its calculated fair value: price kr 99.50, fair value kr 60.36, a gap of about −39% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ODL?
No. The price is what the market pays today (kr 99.50); the fair value is what the company's own numbers justify (kr 60.36). For Odfjell Drilling Ltd the two are kr 39.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Odfjell Drilling Ltd worth?
The market values Odfjell Drilling Ltd at about 23.9B NOK (market capitalisation, as of Nov 6, 2026). Per share that is kr 99.50; our models calculate a fair value of kr 60.36 per share.
What do the bullish and bearish scenarios say about ODL?
Our models span a range for Odfjell Drilling Ltd: cautious scenario kr 48.93, base kr 60.36, optimistic kr 75.31 per share (as of Nov 6, 2026, price kr 99.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ODL?
Odfjell Drilling Ltd trades at a price-to-earnings ratio of 10.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 60.36 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 10.1. Other multiples: P/B 1.8, P/S 2.3, EV/EBITDA 6.6.
How solid is the balance sheet of Odfjell Drilling Ltd (ODL)?
Balance-sheet figures for Odfjell Drilling Ltd (as of Nov 6, 2026): return on equity 15.7%, debt of 0.64 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is ODL from its 52-week high?
Odfjell Drilling Ltd trades at kr 99.50, about 10% below its 52-week high of kr 110.40 and 39% above the low of kr 71.37 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 60.36 is for.
Which stocks are comparable to Odfjell Drilling Ltd?
From the same area (Energy) we also value Noble Corporation, Transocean Ltd, Valaris Limited, Sinopec Oilfield Service Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Odfjell Drilling Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price kr 99.50, calculated fair value kr 60.36 (−39%), Quality Score 61/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ODL calculated?
We run Odfjell Drilling Ltd through 9 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 60.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Odfjell Drilling Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Odfjell Drilling Ltd (ODL)?
The closing price on Nov 6, 2026 was kr 99.50. Our model-based fair value is kr 60.36, about 39% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Odfjell Drilling Ltd right now?
The price sits above even our optimistic bull case (kr 75.31). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Odfjell Drilling Ltd (ODL) come from?
Earnings per share at Odfjell Drilling Ltd grew +6.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share −7.6 %, EBIT margin +6.8 %, tax rate +8.4 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Odfjell Drilling Ltd
How large is the market capitalisation of Odfjell Drilling Ltd (ODL)?
The market capitalisation of Odfjell Drilling Ltd is 23.9B NOK (≈ $2.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Odfjell Drilling Ltd (ODL)?
The price-to-sales ratio of Odfjell Drilling Ltd is 3.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Odfjell Drilling Ltd (ODL)?
Earnings per share at Odfjell Drilling Ltd are kr 9.12 (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Odfjell Drilling Ltd (ODL)?
The dividend yield of Odfjell Drilling Ltd is 0.9% (payout 10.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Odfjell Drilling Ltd (ODL)?
The net margin of Odfjell Drilling Ltd is 32.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Odfjell Drilling Ltd (ODL)?
The return on equity (ROE) of Odfjell Drilling Ltd is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Odfjell Drilling Ltd (ODL)?
On an EBIT basis the return on assets of Odfjell Drilling Ltd is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Odfjell Drilling Ltd (ODL)?
The operating margin of Odfjell Drilling Ltd is 24.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Odfjell Drilling Ltd (ODL)?
Revenue at Odfjell Drilling Ltd is growing +51.1% versus a year earlier (3y avg −7.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Odfjell Drilling Ltd (ODL)?
Earnings per share at Odfjell Drilling Ltd are growing +35.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Odfjell Drilling Ltd (ODL) generate?
The free cash flow of Odfjell Drilling Ltd is −$216M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Odfjell Drilling Ltd (ODL) carry?
The net debt of Odfjell Drilling Ltd is $909M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026