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Odfjell Technology Ltd (OTL) Fair Value & Analysis

Energy · NO · Market cap 2.2B NOK

OT Odfjell Technology Ltd OTL · OL
Pricekr 57.50
Fair Valuekr 95.58
Upside+66.2%
Quality55/100
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Mixed Growth
Thin margins · 5.4% net margin
Moderate debt · generates free cash flow
7.99% dividend yield
Ranks above peers (12/14)
Moderate moat 53/100
Evidence: High Range kr 71.69 – kr 164.38 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 116.36 to kr 95.58 (−17.9%) since Jun 25, 2026. Share price +1.8% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 71.69). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 71.69 to kr 164.38) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

kr 75.20 kr 14.67 Fair Value kr 95.58 Mar 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

52‑month range kr 14.67 – kr 75.20 · fair‑value band kr 71.69 – kr 164.38 · the kr 57.50 price screens below the kr 95.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Odfjell Technology Ltd (OTL) currently trades at kr 57.50, while our model-based Fair Value estimate is kr 95.58, implying the stock looks roughly 66.2% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Energy 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: high), always confirm before acting.

Over the trailing twelve months, Odfjell Technology Ltd generated revenue of 5.5B NOK at a net margin of 5.9%. Revenue declined 3.8% year over year. It earns a return on equity of 24.8%. Net debt stands at 697M NOK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 71.69 (bear case) to kr 164.38 (bull case); at kr 57.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -45% fair-value upside, at 66%, OTL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF kr 29.34 kr 66.72 kr 139.87 80
Residual Income kr 49.11 kr 59.35 kr 179.14 76
Rev-Margin DCF kr 90.01 kr 216.80 kr 454.90 74
All 26 models by family
DCF Models
FCF DCF kr 32.38 kr 59.30 kr 143.26 38
Owner Earnings kr 42.57 kr 115.65 kr 263.43 31
5Y Revenue Exit kr 89.92 kr 187.64 kr 393.73 39
5Y EBITDA Exit kr 64.14 kr 135.52 kr 275.82 41
5Y P/E Exit kr 61.18 kr 167.51 kr 313.96 38
10Y Revenue Exit kr 69.07 kr 215.71 kr 322.47 36
10Y EBITDA Exit kr 55.79 kr 161.47 kr 350.78 37
10Y P/E Exit kr 53.68 kr 155.24 kr 325.69 35
Earnings-Based
Graham-Dodd kr 56.52 kr 394.15 kr 553.12 54
Lynch FV kr 145.80 kr 208.28 kr 270.77 50
PEG = 1.0 kr 145.80 kr 208.28 kr 270.77 46
EPV kr 88.40 kr 105.13 kr 119.56 59
Dividend Discount
Gordon GGM kr 53.39 kr 106.38 kr 161.09 70
DDM Multi-Stage kr 53.39 kr 91.94 kr 112.29 61
Multiples
P/E Multiple kr 87.27 kr 116.36 kr 145.45 63
P/S Multiple kr 105.97 kr 141.29 kr 176.62 58
P/B Multiple kr 43.29 kr 57.72 kr 72.15 55
EV/EBIT kr 79.58 kr 111.94 kr 144.31 53
EV/EBITDA kr 73.76 kr 104.19 kr 134.62 54
EV/Revenue kr 100.26 kr 150.74 kr 201.22 43
Asset-Based
NCAV (Graham) kr 16.03 kr 21.49 kr 32.07 50
Growth DCF
Growth DCF kr 29.34 kr 66.72 kr 139.87 80
Rev-Margin DCF kr 90.01 kr 216.80 kr 454.90 74
Economic Profit
Residual Income kr 49.11 kr 59.35 kr 179.14 76
ROIC Compounder kr 119.25 kr 185.32 kr 253.42 72
Growth Earnings
Growth-Adj P/E kr 162.63 kr 232.33 kr 302.03 68

Widest divergence: Growth Earnings (kr 232.33) versus Asset-Based (kr 21.49). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.5B NOK
Revenue growth (YoY) -3.8%
Net margin 5.9%
Return on equity 24.8%
Free cash flow 124M NOK FY2025
P/E ratio 8.2
More key figures
Operating margin 6.2%
EPS (TTM) kr 7.45
EPS growth (YoY) -11.6%
Net debt 697M NOK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 53

Profitability 74
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally. It operates through Well Services; Operations; and Projects & Engineering segments.

Full company description

Odfjell Technology Ltd., together with its subsidiaries, operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally. It operates through Well Services; Operations; and Projects & Engineering segments. The Well Services segment provides casing and tubular running services, including automated and conventional; drilling tool and tubular rental services; and specialist well intervention products and services for exploration wells and production. Its Operations segment engages in the production drilling and well completion on clients' rigs. This segment is also involved in the slot recovery, plug and abandonment, work-overs, and maintenance activities, as well as rig installation services; platform drilling services on fixed and floating production platforms with subsea blowout preventers; and management and performance of services on leased jack-up rigs. The Projects & Engineering segment offers engineering and integrity services, including design and engineering, and building supervision; and project management and operational support for units in operation, newbuild projects, renewal survey / SPS recertification projects, and yard stays. It offers its services to the offshore oil and gas industry. Odfjell Technology Ltd. was founded in 1973 and is headquartered in Aberdeen, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Odfjell Technology Ltd reported revenue of kr 5.5B in FY2025 versus kr 2.9B in FY2021, a compound +17.1%/yr. Reported net income was kr 328M in FY2025, compounding +29.5%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.5B NOK
Latest YoY
+2.0%
Avg. growth/yr (3Y) 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.
+12.5%
Avg. growth/yr (5Y) 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.
+21.5%
Avg. growth/yr (7Y) 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.
+53.9%
Revenue +17.1%/yr
FY21 kr 2.9B
FY22 kr 3.9B
FY23 kr 5.0B
FY24 kr 5.4B
FY25 kr 5.5B
Net income +29.5%/yr
FY21 kr 117M
FY22 kr 253M
FY23 kr 344M
FY24 kr 253M
FY25 kr 328M

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Cite: Fair Value Calculator (2026). "Odfjell Technology Ltd Fair Value". https://www.fairvalue-calculator.com/stock/OTL

Peer Group

Oil & Gas Drilling · 31 stocks

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.

Quality Score 55 · Above median
Fair Value upside +66% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 1.10× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than 75% of peers
P/B 1.75× · Pricier than 75% of peers
P/S (TTM) 0.40× · Cheaper than 75% of peers
P/FCF 1.9× · Cheaper than 75% of peers
EV/EBITDA 4.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 17 · sector 2
PAST 98 · sector 17
HEALTH 45 · sector 84
DIVIDEND 100 · sector 66

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Noble Corporation NE $41.79 $23.09 -45%
Sinopec Oilfield Service Corporation 600871 ¥2.21 ¥0.4900 -78%
Transocean Ltd RIG $5.14 $2.16 -58%
Valaris Limited VAL $79.57 $63.09 -21%
Patterson-UTI Energy, Inc PTEN $9.39 $12.20 +30%
Helmerich & Payne, Inc HP $34.14 $9.25 -73%
Seadrill Limited SDRL $42.86 $10.17 -76%
Arabian Drilling Company 2381 80.70 SAR 11.09 SAR -86%
Nabors Industries Ltd NBR $84.72 $209.20 +147%
Borr Drilling Limited BORR kr 41.99 kr 27.75 -34%

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Frequently asked questions

Is Odfjell Technology Ltd (OTL) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 95.58 versus a price of kr 57.50, about +66% (undervalued).
What is the fair value of OTL?
Our model-based fair value for Odfjell Technology Ltd is kr 95.58 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 57.50.
What is the quality score of OTL?
Odfjell Technology Ltd has a Quality Score of 55/100. 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 revenue of Odfjell Technology Ltd (OTL)?
Odfjell Technology Ltd reported trailing-twelve-month revenue of about 5.5B NOK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of OTL?
The net profit margin of Odfjell Technology Ltd is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. 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.

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