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Golden Energy Offshore Services ASA (GEOS) Fair Value & Analysis

Industrials · NO · Market cap 734M NOK

GE Golden Energy Offshore Services ASA GEOS · OL
Pricekr 10.30
Fair Valuekr 14.83
Upside+44.0%
Quality95/100
Evidence: Low Range kr 11.12 – kr 18.54

Fair value as of: Jun 24, 2026

From 3 valuation models · updated 5 days ago

Price vs Fair Value (12 months)

kr 20.80 kr 6.28 Fair Value kr 14.83 Jun 2025 Jun 2026

12‑month range kr 6.28 – kr 20.80 · fair‑value band kr 11.12 – kr 18.54 · the kr 10.30 price screens below the kr 14.83 fair value. As of Jun 24, 2026.

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Analysis

Golden Energy Offshore Services ASA (GEOS) currently trades at kr 10.30, while our model-based Fair Value estimate is kr 14.83 — implying the stock looks roughly 44.0% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Golden Energy Offshore Services ASA generated revenue of 370M NOK at a net margin of -52.7%. Revenue declined 73.9% year over year. It earns a return on equity of -58.2%. Net debt stands at 144M NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 370M NOK
Revenue growth (YoY) -73.9%
Net margin -52.7%
Return on equity -58.2%
Free cash flow −85.2M NOK FY2025
Operating margin -184%
More key figures
EPS (TTM) kr -7.83
Net debt 144M NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Golden Energy Offshore Services ASA, together with its subsidiaries, owns and operates as a fully integrated shipowner and operator of modern, high-specification offshore service vessels for the global oil and gas service industry in the North Sea, the Caribbean, and internationally. The company also owns, operates, and charters out a fleet of offshore service vessels, including Platform Supply Vessels (PSVs), Multipurpose Support Vessels (MPSVs), Inspection, Maintenance and Repair vessels, and subsea support vessels. Its services include in-house vessel operations, technical management, crewing, quality, health, safety and environmental (QHSE) management, accounting, commercial/chartering services, and new building supervision. The company was incorporated in 2013 and is headquartered in Ålesund, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Golden Energy Offshore Services ASA reported revenue of kr 358M in FY2025 versus kr 71.2M in FY2021, a compound +49.8%/yr. Reported net income was −kr 195M in FY2025.

Revenue +49.8%/yr
FY21 kr 71.2M
FY22 kr 141M
FY23 kr 210M
FY24 kr 513M
FY25 kr 358M
Net income
FY21 −kr 63.2M
FY22 −kr 57.9M
FY23 −kr 8.5M
FY24 −kr 91.6M
FY25 −kr 195M

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Frequently asked questions

Is Golden Energy Offshore Services ASA (GEOS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 14.83 versus a price of kr 10.30 — about +44% (undervalued). Model-based estimate, not financial advice.
What is the fair value of GEOS?
Our 21-model fair value for Golden Energy Offshore Services ASA is kr 14.83 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 10.30.
What is the quality score of GEOS?
Golden Energy Offshore Services ASA has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Golden Energy Offshore Services ASA (GEOS)?
Golden Energy Offshore Services ASA reported trailing-twelve-month revenue of about 370M NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of GEOS?
The net profit margin of Golden Energy Offshore Services ASA is about -52.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.