Odfjell Technology Ltd (OTL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Odfjell Technology Ltd stock NOK 92.96, price NOK 59.70, upside +55.7%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 7, 2026.
How to read this chart
55‑month range kr 14.67 – kr 75.20 · fair‑value band kr 44.84 – kr 119.48 · the kr 59.70 price screens below the kr 92.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.
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It operates through Well Services; Operations; and Projects & Engineering segments.
The Well Services segment provides casing and tubular running services, including automated and conventional; drilling tool and tubular rental services; and specialist well intervention products and services for exploration wells and production.
Its Operations segment engages in the production drilling and well completion on clients' rigs.
This segment is also involved in the slot recovery, plug and abandonment, work-overs, and maintenance activities, as well as rig installation services; platform drilling services on fixed and floating production platforms with subsea blowout preventers; and management and performance of services on leased jack-up rigs.
The Projects & Engineering segment offers engineering and integrity services, including design and engineering, and building supervision; and project management and operational support for units in operation, newbuild projects, renewal survey / SPS recertification projects, and yard stays.
It offers its services to the offshore oil and gas industry. Odfjell Technology Ltd. was founded in 1973 and is headquartered in Aberdeen, the United Kingdom.
Stock analysis
Odfjell Technology Ltd (OTL) currently trades at kr 59.70, while our model-based Fair Value estimate is kr 92.96, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 136.16 per share, and 22 of the 25 models we run sit above the kr 59.70 price.
Bear case: the Asset-Based group reads lowest at kr 16.07, and 3 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 44.84 (bear) to kr 119.48 (bull), the price of kr 59.70 sits inside 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 56/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Odfjell Technology Ltd reported revenue of 5.5B NOK in FY2025 versus 2.9B NOK in FY2021, a compound +17.1%/yr. Reported net income was 328M NOK in FY2025, compounding +29.5%/yr from FY2021.
Key figures
Market cap 2.4B NOK (≈ $250M) Micro · P/E ratio 7.8 · P/S ratio 0.42 · EPS (TTM) kr 7.62 · Dividend yield 10.2% · Net margin 5.5% · Return on equity 24.1% · Return on assets (EBIT) 10.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −39% fair-value upside, at 56%, OTL screens cheaper than that median.
Fair Value models
Bearkr 44.84Fair Value kr 92.96Bullkr 119.48
Price kr 59.70 · Upside +55.7%
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 1.32 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.
Best data coverage
FCF DCFkr 42.32kr 82.80kr 144.4677
Growth DCFkr 41.02kr 75.62kr 124.4776
Residual Incomekr 42.31kr 51.85kr 76.0775
All 25 models by family
DCF Models
FCF DCFkr 42.32kr 82.80kr 144.4677
5Y Revenue Exitkr 76.56kr 159.27kr 274.4270
5Y EBITDA Exitkr 56.85kr 117.92kr 195.5472
5Y P/E Exitkr 54.59kr 113.17kr 181.1168
10Y Revenue Exitkr 58.41kr 126.75kr 236.1163
10Y EBITDA Exitkr 49.97kr 99.62kr 176.6165
10Y P/E Exitkr 48.63kr 96.51kr 165.7361
Earnings-Based
Graham-Doddkr 56.52kr 279.72kr 385.7864
Lynch FVkr 75.40kr 107.72kr 140.0361
PEG = 1.0kr 75.40kr 107.72kr 140.0357
EPVkr 70.83kr 82.17kr 91.5074
Dividend Discount
Gordon GGMkr 44.86kr 77.96kr 104.1468
DDM Multi-Stagekr 44.86kr 72.57kr 83.5967
Multiples
P/E Multiplekr 87.27kr 116.36kr 145.4563
P/S Multiplekr 105.97kr 141.29kr 176.6258
P/B Multiplekr 32.38kr 43.17kr 53.9655
EV/EBITkr 79.45kr 111.81kr 144.1865
EV/EBITDAkr 73.63kr 104.06kr 134.4867
EV/Revenuekr 100.13kr 150.61kr 201.0953
Asset-Based
NCAV (Graham)kr 11.99kr 16.07kr 23.9854
Growth DCF
Growth DCFkr 41.02kr 75.62kr 124.4776
Rev-Margin DCFkr 76.56kr 155.98kr 260.5370
Economic Profit
Residual Incomekr 42.31kr 51.85kr 76.0775
ROIC Compounderkr 80.52kr 106.34kr 137.0772
Growth Earnings
Growth-Adj P/Ekr 95.31kr 136.16kr 177.0167
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.0%
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.
+12.5%
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.
+21.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+53.9%
’18
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’25
What shareholders gained per year (last 5 years) ⓘ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.
+30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.3%
Dividend (yield on the price)10.2%
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.7% → 9%
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +16.3% a year for the price and +1.6% for the forecasts.
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 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+55.7% · Top 25%
Profitability
Return on equity (12 months)24.1% · Top 25%
Return on assets7.5% · Top 25%
Net margin (12 months)5.5% · Above median
Operating margin (12 months)10.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)−2.3% · Below median
Dividend yield (12 months)10.2% · Top 25%
Balance sheet
Debt / equity1.10× · Highest 25%
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
P/E (12 months)7.8× · Cheapest 25%
P/B1.86× · Pricier than median
P/S (12 months)0.42× · Cheapest 25%
Price / free cash flow (fiscal year)19.0× · Pricier than median
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Is Odfjell Technology Ltd (OTL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 92.96 versus a price of kr 59.70, about +56% upside (undervalued).
What is the fair value of OTL?
Our model-based fair value for Odfjell Technology Ltd is kr 92.96 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 59.70.
What is the quality score of OTL?
Odfjell Technology Ltd has a Quality Score of 56/100. 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 Technology Ltd (OTL)?
Our model-based price target is the fair value of kr 92.96 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario kr 44.84, optimistic scenario kr 119.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Odfjell Technology Ltd stock forecast for 2026?
Our models put fair value at kr 92.96, about +56% upside versus a price of kr 59.70 (undervalued). Cautious scenario kr 44.84, optimistic scenario kr 119.48. The calculation is refreshed regularly with new filings.
What is the revenue of Odfjell Technology Ltd (OTL)?
Odfjell Technology Ltd reported trailing-twelve-month revenue of about 5.6B NOK (latest available figure, as of Nov 7, 2026).
Does Odfjell Technology Ltd pay a dividend?
Odfjell Technology Ltd currently shows a dividend yield of 10.18% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Odfjell Technology Ltd (OTL) and when is the ex-dividend date?
Odfjell Technology Ltd pays a dividend of kr 6.08 per share a year, a dividend yield of 10.2%. The next ex-dividend date is Nov 10, 2026. The payout ratio is 79.8% of earnings. Free cash flow covers the dividend 0.52 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Odfjell Technology Ltd (OTL)?
For today's price to be fair in a discounted-cash-flow model, Odfjell Technology Ltd would have to grow free cash flow by +19.2 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of OTL use?
Our models discount Odfjell Technology Ltd at 11.7 %: a base by market capitalisation (micro), damped by beta 0.74, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Odfjell Technology Ltd that is +19.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Odfjell Technology Ltd (OTL) delivered so far?
Over the past 5 years revenue at Odfjell Technology Ltd grew +21.5 % a year. The price currently implies free-cash-flow growth of +19.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Odfjell Technology Ltd (OTL) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Odfjell Technology Ltd (+19.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Odfjell Technology Ltd (OTL)?
The free-cash-flow yield on the price is 5.25 %: that much free cash flow Odfjell Technology Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Odfjell Technology Ltd (OTL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Odfjell Technology Ltd it is kr 92.96 per share (as of Nov 7, 2026), against a price of kr 59.70. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Odfjell Technology Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, OTL trades below its calculated fair value: price kr 59.70, fair value kr 92.96, a gap of about +56% (undervalued). 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 OTL?
No. The price is what the market pays today (kr 59.70); the fair value is what the company's own numbers justify (kr 92.96). For Odfjell Technology Ltd the two are kr 33.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Odfjell Technology Ltd worth?
The market values Odfjell Technology Ltd at about 2.4B NOK (market capitalisation, as of Nov 7, 2026). Per share that is kr 59.70; our models calculate a fair value of kr 92.96 per share.
What do the bullish and bearish scenarios say about OTL?
Our models span a range for Odfjell Technology Ltd: cautious scenario kr 44.84, base kr 92.96, optimistic kr 119.48 per share (as of Nov 7, 2026, price kr 59.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OTL?
Odfjell Technology Ltd trades at a price-to-earnings ratio of 7.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 92.96 is built from several models across several years. Other multiples: P/B 1.9, P/S 0.4, EV/EBITDA 3.7.
How solid is the balance sheet of Odfjell Technology Ltd (OTL)?
Balance-sheet figures for Odfjell Technology Ltd (as of Nov 7, 2026): return on equity 24.1%, debt of 1.10 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is OTL from its 52-week high?
Odfjell Technology Ltd trades at kr 59.70, about 21% below its 52-week high of kr 75.20 and 15% above the low of kr 51.73 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 92.96 is for.
Which stocks are comparable to Odfjell Technology 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 Technology Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price kr 59.70, calculated fair value kr 92.96 (+56%), Quality Score 56/100, from 25 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 OTL calculated?
We run Odfjell Technology Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 92.96 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 Technology Ltd currently trades 36% below its own fair value, and the market average says nothing about that. 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 Technology Ltd (OTL)?
The closing price on Nov 6, 2026 was kr 59.70. Our model-based fair value is kr 92.96, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Odfjell Technology Ltd right now?
The model range is unusually wide (kr 44.84 to kr 119.48). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Odfjell Technology Ltd
How large is the market capitalisation of Odfjell Technology Ltd (OTL)?
The market capitalisation of Odfjell Technology Ltd is 2.4B NOK (≈ $250M). 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 Technology Ltd (OTL)?
The price-to-sales ratio of Odfjell Technology Ltd is 0.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Odfjell Technology Ltd (OTL)?
Earnings per share at Odfjell Technology Ltd are kr 7.62 (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Odfjell Technology Ltd (OTL)?
The dividend yield of Odfjell Technology Ltd is 10.2% (payout 79.8%). 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 Technology Ltd (OTL)?
The net margin of Odfjell Technology Ltd is 5.5% (last twelve months). 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 Technology Ltd (OTL)?
The return on equity (ROE) of Odfjell Technology Ltd is 24.1% (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 Technology Ltd (OTL)?
On an EBIT basis the return on assets of Odfjell Technology Ltd is 10.5% (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 Technology Ltd (OTL)?
The operating margin of Odfjell Technology Ltd is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Odfjell Technology Ltd (OTL)?
Revenue at Odfjell Technology Ltd is growing −2.3% versus a year earlier (3y avg +12.5%). 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 Technology Ltd (OTL)?
Earnings per share at Odfjell Technology Ltd are growing +5.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Odfjell Technology Ltd (OTL) carry?
The net debt of Odfjell Technology Ltd is 697M NOK (fiscal year 2025, ≈ 5.6 yrs of FCF). 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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Broad data
Nov 7, 2026