Sea1 Offshore Inc. (SEA1) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sea1 Offshore Inc. stock NOK 44.20, price NOK 24.55, upside +80.0%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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
60‑month range kr 1.44 – kr 32.00 · fair‑value band kr 38.14 – kr 61.58 · the kr 24.55 price screens below the kr 44.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Sea1 Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry.
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The company operates through Subsea Vessels; Anchor-Handling Tug Supply (AHTS) Vessels; Platform Supply Vessels (PSVs); Fast Crew & Oil Spill Recovery Vessels; and Other segments.
It provides offshore vessel activities, such as anchor handling and towing, platform supply, oil spill recovery, well intervention services, and subsea operations.
As of March 2026, the companies fleet comprised of 15 vessels, including one offshore subsea construction vessel, two well-intervention vessels, six anchor handling, tug and supply vessels, two platform supply vessels, four fast crew, and oil spill recovery vessels.
It operates in the North Sea, Brazil, Australia, Canada, Southeast Asia, South America and West Africa. The company was formerly known as Siem Offshore Inc. and changed its name to Sea1 Offshore Inc. in May 2024. Sea1 Offshore Inc. was founded in 2005 and is headquartered in Kristiansand, Norway.
Stock analysis
Sea1 Offshore Inc. (SEA1) currently trades at kr 24.55, while our model-based Fair Value estimate is kr 44.20, implying the stock looks roughly 44% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 75.57 per share, and 17 of the 24 models we run sit above the kr 24.55 price.
Bear case: the Asset-Based group reads lowest at kr 17.77, and 7 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 38.14 (bear) to kr 61.58 (bull), the price of kr 24.55 sits below 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 63/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sea1 Offshore Inc. reported revenue of $272M in FY2025 versus $254M in FY2021, a compound +1.6%/yr. Reported net income was $114M in FY2025, compounding +1.3%/yr from FY2021.
Key figures
Market cap 3.8B NOK (≈ $399M) Small · P/E ratio 4.7 · P/S ratio 1.95 · EPS (TTM) kr 5.27 · Net margin 41.9% · Return on equity 19.0% · Return on assets (EBIT) 13.9% (5-year average) · Operating margin 35.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 80%, SEA1 screens cheaper than that median.
Fair Value models
Bearkr 38.14Fair Value kr 44.20Bullkr 61.58
Price kr 24.55 · Upside +80.0%
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 4.52 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−20.3%
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.
−0.3%
’21
’22
’23
’24
’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.
+10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.4%
Dividend (yield on the price)0.0%
Profit margin 2021 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.15% → 52%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+3.5%
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.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +1.1% a year for the price and +1.3% 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 Equipment & Services · 166 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+80.0% · Top 25%
Profitability
Return on equity (12 months)19.0% · Top 25%
Return on assets14.2% · Top 25%
Net margin (12 months)27.4% · Top 25%
Operating margin (12 months)35.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.4% · Above median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.54× · Highest 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)4.7× · Cheapest 25%
P/B0.93× · Cheaper than median
P/S (12 months)1.41× · Pricier than median
Price / free cash flow (fiscal year)9.6× · Cheaper than median
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.
Cite: Fair Value Calculator (2026). "Sea1 Offshore Inc. Fair Value". https://www.fairvalue-calculator.com/stock/SEA1
Frequently asked questions
Is Sea1 Offshore Inc. (SEA1) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 44.20 versus a price of kr 24.55, about +80% upside (undervalued).
What is the fair value of SEA1?
Our model-based fair value for Sea1 Offshore Inc. is kr 44.20 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 24.55.
What is the quality score of SEA1?
Sea1 Offshore Inc. has a Quality Score of 63/100. 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 Sea1 Offshore Inc. (SEA1)?
Our model-based price target is the fair value of kr 44.20 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario kr 38.14, optimistic scenario kr 61.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Sea1 Offshore Inc. stock forecast for 2026?
Our models put fair value at kr 44.20, about +80% upside versus a price of kr 24.55 (undervalued). Cautious scenario kr 38.14, optimistic scenario kr 61.58. The calculation is refreshed regularly with new filings.
What is the revenue of Sea1 Offshore Inc. (SEA1)?
Sea1 Offshore Inc. reported trailing-twelve-month revenue of about $284M (latest available figure, as of Nov 7, 2026).
What growth is priced into Sea1 Offshore Inc. (SEA1)?
For today's price to be fair in a discounted-cash-flow model, Sea1 Offshore Inc. would have to grow free cash flow by +3.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +1.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SEA1 use?
Our models discount Sea1 Offshore Inc. at 9.6 %: a base by market capitalisation (small), damped by beta 0.40, 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 Sea1 Offshore Inc. that is +3.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Sea1 Offshore Inc. (SEA1) delivered so far?
Over the past 4 years revenue at Sea1 Offshore Inc. grew +1.6 % a year. The price currently implies free-cash-flow growth of +3.5 % 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 Sea1 Offshore Inc. (SEA1) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Sea1 Offshore Inc. (+3.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sea1 Offshore Inc. (SEA1)?
The free-cash-flow yield on the price is 10.45 %: that much free cash flow Sea1 Offshore Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sea1 Offshore Inc. (SEA1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sea1 Offshore Inc. it is kr 44.20 per share (as of Nov 7, 2026), against a price of kr 24.55. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sea1 Offshore Inc. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SEA1 trades below its calculated fair value: price kr 24.55, fair value kr 44.20, a gap of about +80% (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 SEA1?
No. The price is what the market pays today (kr 24.55); the fair value is what the company's own numbers justify (kr 44.20). For Sea1 Offshore Inc. the two are kr 19.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sea1 Offshore Inc. worth?
The market values Sea1 Offshore Inc. at about 3.8B NOK (market capitalisation, as of Nov 7, 2026). Per share that is kr 24.55; our models calculate a fair value of kr 44.20 per share.
What do the bullish and bearish scenarios say about SEA1?
Our models span a range for Sea1 Offshore Inc.: cautious scenario kr 38.14, base kr 44.20, optimistic kr 61.58 per share (as of Nov 7, 2026, price kr 24.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SEA1?
Sea1 Offshore Inc. trades at a price-to-earnings ratio of 4.7 (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 44.20 is built from several models across several years. Other multiples: P/B 0.9, P/S 1.4, EV/EBITDA 5.5.
How solid is the balance sheet of Sea1 Offshore Inc. (SEA1)?
Balance-sheet figures for Sea1 Offshore Inc. (as of Nov 7, 2026): return on equity 19.0%, debt of 0.54 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SEA1 from its 52-week high?
Sea1 Offshore Inc. trades at kr 24.55, about 23% below its 52-week high of kr 32.00 and 37% above the low of kr 17.93 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 44.20 is for.
Which stocks are comparable to Sea1 Offshore Inc.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, 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 Sea1 Offshore Inc. stock attractive at the current price?
The data as of Nov 7, 2026: price kr 24.55, calculated fair value kr 44.20 (+80%), Quality Score 63/100, from 24 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 SEA1 calculated?
We run Sea1 Offshore Inc. through 24 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 44.20 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. Sea1 Offshore Inc. currently trades 44% 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 Sea1 Offshore Inc. (SEA1)?
The closing price on Nov 6, 2026 was kr 24.55. Our model-based fair value is kr 44.20, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sea1 Offshore Inc. right now?
The price is below even our cautious bear case (kr 38.14). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Sea1 Offshore Inc.
How large is the market capitalisation of Sea1 Offshore Inc. (SEA1)?
The market capitalisation of Sea1 Offshore Inc. is 3.8B NOK (≈ $399M). 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 Sea1 Offshore Inc. (SEA1)?
The price-to-sales ratio of Sea1 Offshore Inc. is 1.95 (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 Sea1 Offshore Inc. (SEA1)?
Earnings per share at Sea1 Offshore Inc. are kr 5.27 (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sea1 Offshore Inc. (SEA1)?
The net margin of Sea1 Offshore Inc. is 41.9% (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 Sea1 Offshore Inc. (SEA1)?
The return on equity (ROE) of Sea1 Offshore Inc. is 19.0% (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 Sea1 Offshore Inc. (SEA1)?
On an EBIT basis the return on assets of Sea1 Offshore Inc. is 13.9% (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 Sea1 Offshore Inc. (SEA1)?
The operating margin of Sea1 Offshore Inc. is 35.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sea1 Offshore Inc. (SEA1)?
Revenue at Sea1 Offshore Inc. is growing +12.4% versus a year earlier (3y avg −0.3%). 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 Sea1 Offshore Inc. (SEA1)?
Earnings per share at Sea1 Offshore Inc. are growing −65.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sea1 Offshore Inc. (SEA1) carry?
The net debt of Sea1 Offshore Inc. is $208M (fiscal year 2025, ≈ 5.0 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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Some data
Nov 7, 2026