Odfjell Drilling Ltd (ODL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Odfjell Drilling Ltd NOK 68.12, price NOK 102, upside -33.2%, quality 59 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 24, 2026.
How to read this chart
60‑month range kr 11.54 – kr 106.24 · fair‑value band kr 53.32 – kr 92.73 · the kr 102.00 price screens above the kr 68.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Odfjell Drilling Ltd. owns and operates mobile offshore drilling units primarily in Norway and Namibia. The company operates through two segments, Own Fleet and External Fleet.
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Odfjell Drilling Ltd. owns and operates mobile offshore drilling units primarily in Norway and Namibia. The company operates through two segments, Own Fleet and External Fleet. It also offers management services to other owners of drilling units, such as operational management, regulatory requirements management, marketing, contract negotiations and client relations, and operation and mobilization preparation services. The company was founded in 1914 and is based in Aberdeen, the United Kingdom.
Stock analysis
Odfjell Drilling Ltd (ODL) currently trades at kr 102.00, while our model-based Fair Value estimate is kr 68.12, implying the stock looks roughly 49.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 9.75 per share, and 0 of the 9 models we run sit above the kr 102.00 price.
Bear case: the Growth Earnings group reads lowest at kr 7.52, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 53.32 (bear) to kr 92.73 (bull), the price of kr 102.00 sits above 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 59/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Odfjell Drilling Ltd reported revenue of $514M in FY2025 versus $872M in FY2021, a compound −12.4%/yr. Reported net income was $167M in FY2025, compounding +22.4%/yr from FY2021.
Key figures
Market cap 24.5B NOK (≈ $2.6B) · P/E ratio 11.8 · P/S ratio 3.85 · EPS (TTM) kr 8.62 · Dividend yield 0.8% · Net margin 32.5% · Return on equity 14.7% · Return on assets (EBIT) 5.3%.
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 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −11% fair-value upside, at −33%, ODL screens richer than that median.
Fair Value models
Bear kr 53.32Fair Value kr 68.12Bull kr 92.73
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 5.68 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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.9%
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.
−7.5%
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.
−11.2%
Start year 2020 (pandemic). Over 10 years: −2.4% a year
Revenue growth 14 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%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.8%
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.17% vs 13%, 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.23% → −23%
2025 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (13 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−33% · Below median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)21% · Top 25%
Operating margin (TTM)35% · Top 25%
Growth and dividend
Revenue growth40% · Top 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.64× · Above median
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
P/E (TTM)11.8× · Cheaper than median
P/B1.80× · Pricier than median
P/S (TTM)2.61× · Priciest 25%
EV/EBITDA6.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)100· sector 0
PAST (return on equity)59· sector 21
HEALTH (low debt)68· sector 80
DIVIDEND (yield)17· sector 31
VALUE 0: the price sits above our fair-value range.
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.
Is Odfjell Drilling Ltd (ODL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 68.12 versus a price of kr 102.00, about −33% upside (overvalued).
What is the fair value of ODL?
Our model-based fair value for Odfjell Drilling Ltd is kr 68.12 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 102.00.
What is the quality score of ODL?
Odfjell Drilling Ltd has a Quality Score of 59/100. 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 Drilling Ltd (ODL)?
Our model-based price target is the fair value of kr 68.12 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario kr 53.32, optimistic scenario kr 92.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Odfjell Drilling Ltd stock forecast for 2026?
Our models put fair value at kr 68.12, about −33% upside versus a price of kr 102.00 (overvalued). Cautious scenario kr 53.32, optimistic scenario kr 92.73. The calculation is refreshed regularly with new filings.
What is the revenue of Odfjell Drilling Ltd (ODL)?
Odfjell Drilling Ltd reported trailing-twelve-month revenue of about $984M (latest available figure, as of Sep 24, 2026).
Does Odfjell Drilling Ltd pay a dividend?
Odfjell Drilling Ltd currently shows a dividend yield of about 0.84% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Odfjell Drilling Ltd (ODL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Odfjell Drilling Ltd it is kr 68.12 per share (as of Sep 24, 2026), against a price of kr 102.00. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Odfjell Drilling Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ODL trades above its calculated fair value: price kr 102.00, fair value kr 68.12, a gap of about −33% (overvalued). 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 ODL?
No. The price is what the market pays today (kr 102.00); the fair value is what the company's own numbers justify (kr 68.12). For Odfjell Drilling Ltd the two are kr 33.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Odfjell Drilling Ltd worth?
The market values Odfjell Drilling Ltd at about 24.5B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 102.00; our models calculate a fair value of kr 68.12 per share.
What do the bullish and bearish scenarios say about ODL?
Our models span a range for Odfjell Drilling Ltd: cautious scenario kr 53.32, base kr 68.12, optimistic kr 92.73 per share (as of Sep 24, 2026, price kr 102.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ODL?
Odfjell Drilling Ltd trades at a price-to-earnings ratio of 11.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 68.12 is built from several models across several years. Other multiples: P/B 1.8, P/S 2.6, EV/EBITDA 6.9.
How solid is the balance sheet of Odfjell Drilling Ltd (ODL)?
Balance-sheet figures for Odfjell Drilling Ltd (as of Sep 24, 2026): return on equity 14.7%, debt of 0.64 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is ODL from its 52-week high?
Odfjell Drilling Ltd trades at kr 102.00, about 4% below its 52-week high of kr 106.24 and 46% above the low of kr 70.03 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 68.12 is for.
Which stocks are comparable to Odfjell Drilling Ltd?
From the same area (Energy) we also value Noble Corporation, Sinopec Oilfield Service Corporation, Transocean Ltd, Valaris Limited, 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 Drilling Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price kr 102.00, calculated fair value kr 68.12 (−33%), Quality Score 59/100, from 9 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 ODL calculated?
We run Odfjell Drilling Ltd through 9 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 68.12, 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 14.0 % above its aggregate fair value. Odfjell Drilling Ltd itself currently trades above fair value. 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 Drilling Ltd (ODL)?
The closing price on Sep 24, 2026 was kr 102.00. Our model-based fair value is kr 68.12, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Odfjell Drilling Ltd right now?
The price sits above even our optimistic bull case (kr 92.73). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Odfjell Drilling Ltd (ODL) come from?
Earnings per share at Odfjell Drilling Ltd grew +6.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share −7.6 %, EBIT margin +6.8 %, tax rate +8.4 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Odfjell Drilling Ltd
How large is the market capitalisation of Odfjell Drilling Ltd (ODL)?
The market capitalisation of Odfjell Drilling Ltd is 24.5B NOK (≈ $2.6B). 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 Drilling Ltd (ODL)?
The price-to-sales ratio of Odfjell Drilling Ltd is 3.85 (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 Drilling Ltd (ODL)?
Earnings per share at Odfjell Drilling Ltd are kr 8.62 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Odfjell Drilling Ltd (ODL)?
The dividend yield of Odfjell Drilling Ltd is 0.8% (payout 10.0%). 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 Drilling Ltd (ODL)?
The net margin of Odfjell Drilling Ltd is 32.5% (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 Drilling Ltd (ODL)?
The return on equity (ROE) of Odfjell Drilling Ltd is 14.7% (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 Drilling Ltd (ODL)?
On an EBIT basis the return on assets of Odfjell Drilling Ltd is 5.3% (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 Drilling Ltd (ODL)?
The operating margin of Odfjell Drilling Ltd is 35.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Odfjell Drilling Ltd (ODL)?
Revenue at Odfjell Drilling Ltd is growing +40.4% versus a year earlier (3y avg −7.5%). 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 Drilling Ltd (ODL)?
Earnings per share at Odfjell Drilling Ltd are growing +134% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Odfjell Drilling Ltd (ODL) generate?
The free cash flow of Odfjell Drilling Ltd is −$216M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Odfjell Drilling Ltd (ODL) carry?
The net debt of Odfjell Drilling Ltd is $909M (fiscal year 2025). 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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Sep 24, 2026