Odfjell SE (ODF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Odfjell SE NOK 154, price NOK 129, upside +19.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range kr 16.60 – kr 152.83 · fair‑value band kr 104.99 – kr 221.26 · the kr 129.20 price screens below the kr 153.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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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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. 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 129.20, while our model-based Fair Value estimate is kr 153.75, implying the stock looks roughly 16.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 33.37 per share, and 0 of the 24 models we run sit above the kr 129.20 price.
Bear case: the Economic Profit group reads lowest at kr 15.70, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 104.99 (bear) to kr 221.26 (bull), the price of kr 129.20 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 67/100 (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 10.2B NOK (≈ $1.1B) · P/E ratio 5.9 · P/S ratio 0.82 · EPS (TTM) kr 17.92 · Dividend yield 0.8% · Net margin 13.9% · Return on equity 16.2% · Return on assets (EBIT) 11.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 60% fair-value upside, at 19%, ODF screens richer than that median.
Fair Value models
Bear kr 104.99Fair Value kr 153.75Bull kr 221.26
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 13.42 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.Evidence ⓘEvidence = 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 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%
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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.
+41.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.9%
Dividend (yield on the price)0.8%
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.41% vs 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%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than 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).
+28.4%
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.
+1.6%
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 +25.4% a year for the price and −0.8% 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 · 230 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+17% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)14% · Above median
Operating margin (TTM)14% · Below median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)0.8% · Bottom 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 Sep 23, 2026, our model estimates a fair value of kr 153.75 versus a price of kr 129.20, about +19% upside (undervalued).
What is the fair value of ODF?
Our model-based fair value for Odfjell SE is kr 153.75 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 129.20.
What is the quality score of ODF?
Odfjell SE has a Quality Score of 67/100. 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 153.75 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario kr 104.99, optimistic scenario kr 221.26. 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 153.75, about +19% upside versus a price of kr 129.20 (undervalued). Cautious scenario kr 104.99, optimistic scenario kr 221.26. 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 1.1B NOK (latest available figure, as of Sep 23, 2026).
Does Odfjell SE pay a dividend?
Odfjell SE currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 23, 2026).
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 +28.4 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ODF use?
Our models discount Odfjell SE at 9.5 %: a base by market capitalisation (mid), 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 +28.4 % per year a year over ten years, using the same discount rate (9.5 %) 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 +28.4 % per year free-cash-flow growth a 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 +4.7 % a year. That is the yardstick for the growth priced into Odfjell SE (+28.4 % per year a 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 1.89 %: that much free cash flow Odfjell SE produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), 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 153.75 per share (as of Sep 23, 2026), against a price of kr 129.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Odfjell SE stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ODF trades below its calculated fair value: price kr 129.20, fair value kr 153.75, a gap of about +19% (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 129.20); the fair value is what the company's own numbers justify (kr 153.75). For Odfjell SE the two are kr 24.55 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 10.2B NOK (market capitalisation, as of Sep 23, 2026). Per share that is kr 129.20; our models calculate a fair value of kr 153.75 per share.
What do the bullish and bearish scenarios say about ODF?
Our models span a range for Odfjell SE: cautious scenario kr 104.99, base kr 153.75, optimistic kr 221.26 per share (as of Sep 23, 2026, price kr 129.20). 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 5.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 153.75 is built from several models across several years. Other multiples: PEG 2.1, P/B 1.1, P/S 1.0, EV/EBITDA 5.0.
What is the PEG ratio of ODF?
The PEG ratio of Odfjell SE is 2.06 (P/E divided by earnings growth, as of Sep 23, 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 Sep 23, 2026): return on equity 16.2%, debt of 0.57 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is ODF from its 52-week high?
Odfjell SE trades at kr 129.20, about 4% below its 52-week high of kr 134.95 and 28% above the low of kr 100.60 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 153.75 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 Sep 23, 2026: price kr 129.20, calculated fair value kr 153.75 (+19%), Quality Score 67/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 153.75, 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 14.1 % above its aggregate fair value. Odfjell SE currently trades 19 % 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 Sep 23, 2026 was kr 129.20. Our model-based fair value is kr 153.75, about +19% 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 104.99 to kr 221.26) 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 10.2B NOK (≈ $1.1B). 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 0.82 (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 17.92 (price ÷ EPS = P/E 5.9). 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 0.8% (payout 5.5%). 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 16.2% (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 14.3% (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 −3.9% 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 −6.8% 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 NOK (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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