Odfjell SE (ODF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Odfjell SE stock NOK 134, price NOK 116, upside +15.9%, quality 64 out of 100. Rating: 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 5, 2026.
How to read this chart
60‑month range kr 16.60 – kr 152.83 · fair‑value band kr 91.97 – kr 176.08 · the kr 115.60 price screens below the kr 133.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Odfjell SE engages in the provision of services for the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products in Norway. It operates through Chemical Tankers and Tank Terminals segments.
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The company owns and operates chemical tankers that offer global and regional transportation; and tank terminals, which provide storage of various chemicals and petroleum products.
As of April 10, 2026, it operates chemical tanker fleet of 72 vessels, including 38 owned, 9 bareboat, 22 time chartered, and 3 pool vessels. The company's terminal network consists of 311 tanks with 464,460 cubic meters of storage capacity.
It operates in the United States, Brazil, North America, South America, the Netherlands, Saudi Arabia, South Africa, Europe, China, the Middle East, Asia, and Africa. Odfjell SE was incorporated in 1914 and is headquartered in Bergen, Norway.
Stock analysis
Odfjell SE (ODF) currently trades at kr 115.60, while our model-based Fair Value estimate is kr 133.94, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 389.74 per share, and 22 of the 24 models we run sit above the kr 115.60 price.
Bear case: the Asset-Based group reads lowest at kr 76.44, and 2 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 91.97 (bear) to kr 176.08 (bull), the price of kr 115.60 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 64/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Odfjell SE reported revenue of $1.1B in FY2025 versus $1.0B in FY2021, a compound +1.8%/yr. Reported net income was $155M in FY2025.
Key figures
Market cap 9.1B NOK (≈ $968M) Small · P/E ratio 6.0 · P/S ratio 0.84 · EPS (TTM) kr 20.68 · Dividend yield 8.3% · Net margin 13.9% · Return on equity 16.8% · Return on assets (EBIT) 11.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 16%, ODF screens cheaper than that median.
Fair Value models
Bearkr 91.97Fair Value kr 133.94Bullkr 176.08
Price kr 115.60 · Upside +15.9%
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 9.43 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 152.57kr 206.66kr 306.8577
Growth DCFkr 158.12kr 209.92kr 297.6375
Owner Earningskr 172.22kr 231.57kr 341.4973
All 24 models by family
DCF Models
FCF DCFkr 152.57kr 206.66kr 306.8577
Owner Earningskr 172.22kr 231.57kr 341.4973
5Y Revenue Exitkr 125.68kr 191.98kr 291.8969
5Y EBITDA Exitkr 253.12kr 408.17kr 620.0871
5Y P/E Exitkr 180.76kr 285.42kr 414.8267
10Y Revenue Exitkr 132.17kr 187.07kr 247.6364
10Y EBITDA Exitkr 207.37kr 316.35kr 439.2065
10Y P/E Exitkr 166.83kr 242.95kr 319.3962
Earnings-Based
Graham-Doddkr 126.18kr 200.66kr 241.4262
EPVkr 143.51kr 169.86kr 191.8272
Dividend Discount
Gordon GGMkr 92.51kr 107.49kr 123.0865
DDM Multi-Stagekr 92.51kr 116.10kr 142.6063
Multiples
P/E Multiplekr 292.24kr 389.66kr 487.0761
P/S Multiplekr 199.87kr 266.49kr 333.1156
P/B Multiplekr 385.06kr 513.42kr 641.7753
EV/EBITkr 275.77kr 389.82kr 503.8764
EV/EBITDAkr 373.44kr 520.05kr 666.6766
EV/Revenuekr 101.49kr 173.45kr 245.4051
Asset-Based
NCAV (Graham)kr 57.05kr 76.44kr 114.0952
Growth DCF
Growth DCFkr 158.12kr 209.92kr 297.6375
Rev-Margin DCFkr 125.68kr 197.16kr 288.9669
Economic Profit
Residual Incomekr 113.89kr 134.32kr 169.0373
ROIC Compounderkr 144.49kr 174.48kr 205.4269
Growth Earnings
Growth-Adj P/Ekr 206.36kr 294.81kr 383.2564
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.7%
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.
−5.2%
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.
+3.5%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 25 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.
+1.9%
’14
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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.
+49.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.9%
Dividend (yield on the price)8.3%
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.40.9% vs 4.4%, picking up
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.11% → 20%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−4.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+3.0%
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 −7.0% a year for the price and +0.6% 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.Marine Shipping · 220 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+15.9% · Above median
Profitability
Return on equity (12 months)16.8% · Top 25%
Return on assets7.6% · Above median
Net margin (12 months)14.4% · Above median
Operating margin (12 months)20.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.6% · Above median
Dividend yield (12 months)8.3% · Top 25%
Balance sheet
Debt / equity0.57× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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). "Odfjell SE Fair Value". https://www.fairvalue-calculator.com/stock/ODF
Frequently asked questions
Is Odfjell SE (ODF) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 133.94 versus a price of kr 115.60, about +16% upside (undervalued).
What is the fair value of ODF?
Our model-based fair value for Odfjell SE is kr 133.94 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 115.60.
What is the quality score of ODF?
Odfjell SE has a Quality Score of 64/100. 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 SE (ODF)?
Our model-based price target is the fair value of kr 133.94 (as of Nov 5, 2026) from 24 valuation models. Cautious scenario kr 91.97, optimistic scenario kr 176.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Odfjell SE stock forecast for 2026?
Our models put fair value at kr 133.94, about +16% upside versus a price of kr 115.60 (undervalued). Cautious scenario kr 91.97, optimistic scenario kr 176.08. The calculation is refreshed regularly with new filings.
What is the revenue of Odfjell SE (ODF)?
Odfjell SE reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Nov 5, 2026).
Does Odfjell SE pay a dividend?
Odfjell SE currently shows a dividend yield of 8.34% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Odfjell SE (ODF) and when is the ex-dividend date?
Odfjell SE pays a dividend of kr 9.64 per share a year, a dividend yield of 8.3%. The last ex-dividend date was Aug 26, 2026. A dividend has been paid every year since 2022. The payout ratio is 64.2% of earnings. Free cash flow covers the dividend 1.94 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Odfjell SE (ODF)?
For today's price to be fair in a discounted-cash-flow model, Odfjell SE would have to grow free cash flow by -4.8 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of ODF use?
Our models discount Odfjell SE at 11.0 %: a base by market capitalisation (small), 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 SE that is -4.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Odfjell SE (ODF) delivered so far?
Over the past 5 years revenue at Odfjell SE grew +3.5 % a year. The price currently implies free-cash-flow growth of -4.8 % 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 SE (ODF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Odfjell SE (-4.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Odfjell SE (ODF)?
The free-cash-flow yield on the price is 20.01 %: that much free cash flow Odfjell SE produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), 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 SE (ODF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Odfjell SE it is kr 133.94 per share (as of Nov 5, 2026), against a price of kr 115.60. 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 Odfjell SE stock overvalued or undervalued in 2026?
As of Nov 5, 2026, ODF trades below its calculated fair value: price kr 115.60, fair value kr 133.94, a gap of about +16% (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 ODF?
No. The price is what the market pays today (kr 115.60); the fair value is what the company's own numbers justify (kr 133.94). For Odfjell SE the two are kr 18.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Odfjell SE worth?
The market values Odfjell SE at about 9.1B NOK (market capitalisation, as of Nov 5, 2026). Per share that is kr 115.60; our models calculate a fair value of kr 133.94 per share.
What do the bullish and bearish scenarios say about ODF?
Our models span a range for Odfjell SE: cautious scenario kr 91.97, base kr 133.94, optimistic kr 176.08 per share (as of Nov 5, 2026, price kr 115.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ODF?
Odfjell SE trades at a price-to-earnings ratio of 6.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 133.94 is built from several models across several years. Other multiples: PEG 2.1, P/B 1.0, P/S 0.8, EV/EBITDA 4.4.
What is the PEG ratio of ODF?
The PEG ratio of Odfjell SE is 2.06 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Odfjell SE (ODF)?
Balance-sheet figures for Odfjell SE (as of Nov 5, 2026): return on equity 16.8%, debt of 0.57 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is ODF from its 52-week high?
Odfjell SE trades at kr 115.60, about 14% below its 52-week high of kr 134.95 and 15% above the low of kr 100.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 133.94 is for.
Which stocks are comparable to Odfjell SE?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 SE stock attractive at the current price?
The data as of Nov 5, 2026: price kr 115.60, calculated fair value kr 133.94 (+16%), Quality Score 64/100, 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 ODF calculated?
We run Odfjell SE 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 133.94 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 13.0% above its aggregate fair value. Odfjell SE currently trades 14% 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 SE (ODF)?
The closing price on Nov 6, 2026 was kr 115.60. Our model-based fair value is kr 133.94, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Odfjell SE right now?
A fairly wide model range (kr 91.97 to kr 176.08) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Odfjell SE
How large is the market capitalisation of Odfjell SE (ODF)?
The market capitalisation of Odfjell SE is 9.1B NOK (≈ $968M). 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 SE (ODF)?
The price-to-sales ratio of Odfjell SE is 0.84 (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 SE (ODF)?
Earnings per share at Odfjell SE are kr 20.68 (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Odfjell SE (ODF)?
The dividend yield of Odfjell SE is 8.3% (payout 46.6%). 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 SE (ODF)?
The net margin of Odfjell SE is 13.9% (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 Odfjell SE (ODF)?
The return on equity (ROE) of Odfjell SE is 16.8% (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 SE (ODF)?
On an EBIT basis the return on assets of Odfjell SE is 11.1% (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 SE (ODF)?
The operating margin of Odfjell SE is 20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Odfjell SE (ODF)?
Revenue at Odfjell SE is growing +19.6% versus a year earlier (3y avg −5.2%). 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 SE (ODF)?
Earnings per share at Odfjell SE are growing +33.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Odfjell SE (ODF) carry?
The net debt of Odfjell SE is $556M (fiscal year 2025, ≈ 2.9 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 5, 2026