Solstad Offsho (SOFF) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Solstad Offsho NOK 112, price NOK 72.70, upside +53.7%, quality 64 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 4.27 – kr 73.60 · fair‑value band kr 71.75 – kr 145.27 · the kr 72.70 price screens below the kr 111.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Solstad Offshore ASA owns and operates offshore service vessels. The company owns and operates construction service vessels and anchor handling tug supply vessel and; and provides maritime services to offshore energy industry.
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Solstad Offshore ASA owns and operates offshore service vessels. The company owns and operates construction service vessels and anchor handling tug supply vessel and; and provides maritime services to offshore energy industry. It offers renewable energy services, subsea support operations, node seismic operations, subsea construction activities, support for well stimulation operations, and subsea and mooring installations; and additional services, such as ROVs, tooling, project personnel, and engineering support, as well as engages in oil and gas activities. The company owns a fleet of six vessels which includes three construction service vessels and three anchor handling tug supply vessels. It operates in the North Sea, North and Central America, Mediterranean/rest of Europe, Africa, South America, Australia, and Asia. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.
Stock analysis
Solstad Offsho (SOFF) currently trades at kr 72.70, while our model-based Fair Value estimate is kr 111.75, implying the stock looks roughly 34.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 14.01 per share, and 0 of the 24 models we run sit above the kr 72.70 price.
Bear case: the Growth Earnings group reads lowest at kr 13.85, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 71.75 (bear) to kr 145.27 (bull), the price of kr 72.70 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 is shrinking: the last year, the last three and the last five years are all negative.
Solstad Offsho reported revenue of $290M in FY2025 versus $5.1B in FY2021, a compound −51.2%/yr. Reported net income was $139M in FY2025.
Key figures
Market cap 7.9B NOK (≈ $829M) · P/E ratio 4.1 · P/S ratio 1.97 · EPS (TTM) kr 17.73 · Dividend yield 3.9% · Net margin 48.0% · Return on equity 38.5% · Return on assets (EBIT) 7.3%.
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 1% below its 52-week high and 86% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 54%, SOFF screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.3200 to kr 21.46). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 71.75Fair Value kr 111.75Bull kr 145.27
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 10.92 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−88.3%
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.
−60.1%
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.
−43.0%
Start year 2020 (pandemic). Over 10 years: −22.1% 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.
−3.1%
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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.
−82.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−86.5%
Dividend (yield on the price)3.9%
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.−87% vs −55%, slowing
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.−46% → 54%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 55.2%/yr over ~10Y (margins eroding too) ⓘ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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+30.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +27.7% a year for the price.
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 · 233 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+54% · Top 25%
Profitability
Return on equity (TTM)38% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)47% · Top 25%
Operating margin (TTM)19% · Above median
Growth and dividend
Revenue growth25% · Top 25%
Dividend yield (TTM)3.9% · Above median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Solstad Offsho Fair Value". https://www.fairvalue-calculator.com/stock/SOFF
Frequently asked questions
Is Solstad Offsho (SOFF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 111.75 versus a price of kr 72.70, about +54% upside (undervalued).
What is the fair value of SOFF?
Our model-based fair value for Solstad Offsho is kr 111.75 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 72.70.
What is the quality score of SOFF?
Solstad Offsho 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 Solstad Offsho (SOFF)?
Our model-based price target is the fair value of kr 111.75 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 71.75, optimistic scenario kr 145.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Solstad Offsho stock forecast for 2026?
Our models put fair value at kr 111.75, about +54% upside versus a price of kr 72.70 (undervalued). Cautious scenario kr 71.75, optimistic scenario kr 145.27. The calculation is refreshed regularly with new filings.
What is the revenue of Solstad Offsho (SOFF)?
Solstad Offsho reported trailing-twelve-month revenue of about 307M NOK (latest available figure, as of Sep 24, 2026).
Does Solstad Offsho pay a dividend?
Solstad Offsho currently shows a dividend yield of about 3.93% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Solstad Offsho (SOFF)?
For today's price to be fair in a discounted-cash-flow model, Solstad Offsho would have to grow free cash flow by +30.8 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -43.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SOFF use?
Our models discount Solstad Offsho at 10.4 %: a base by market capitalisation (small), damped by beta 0.78, 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 Solstad Offsho that is +30.8 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Solstad Offsho (SOFF) delivered so far?
Over the past 5 years revenue at Solstad Offsho grew -43.0 % a year. The price currently implies +30.8 % 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 Solstad Offsho (SOFF) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Solstad Offsho (+30.8 % 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 Solstad Offsho (SOFF)?
The free-cash-flow yield on the price is 1.84 %: that much free cash flow Solstad Offsho produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Solstad Offsho (SOFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solstad Offsho it is kr 111.75 per share (as of Sep 24, 2026), against a price of kr 72.70. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Solstad Offsho stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SOFF trades below its calculated fair value: price kr 72.70, fair value kr 111.75, a gap of about +54% (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 SOFF?
No. The price is what the market pays today (kr 72.70); the fair value is what the company's own numbers justify (kr 111.75). For Solstad Offsho the two are kr 39.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solstad Offsho worth?
The market values Solstad Offsho at about 7.9B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 72.70; our models calculate a fair value of kr 111.75 per share.
What do the bullish and bearish scenarios say about SOFF?
Our models span a range for Solstad Offsho: cautious scenario kr 71.75, base kr 111.75, optimistic kr 145.27 per share (as of Sep 24, 2026, price kr 72.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOFF?
Solstad Offsho trades at a price-to-earnings ratio of 4.1 (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 111.75 is built from several models across several years. Other multiples: PEG 1.7, P/B 2.0, P/S 2.7, EV/EBITDA 8.5.
What is the PEG ratio of SOFF?
The PEG ratio of Solstad Offsho is 1.68 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Solstad Offsho (SOFF)?
Balance-sheet figures for Solstad Offsho (as of Sep 24, 2026): return on equity 38.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is SOFF from its 52-week high?
Solstad Offsho trades at kr 72.70, about 1% below its 52-week high of kr 73.60 and 86% above the low of kr 39.04 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 111.75 is for.
Which stocks are comparable to Solstad Offsho?
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 Solstad Offsho stock attractive at the current price?
The data as of Sep 24, 2026: price kr 72.70, calculated fair value kr 111.75 (+54%), 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 SOFF calculated?
We run Solstad Offsho 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 111.75, 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 14.0 % above its aggregate fair value. Solstad Offsho currently trades 54 % 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 Solstad Offsho (SOFF)?
The closing price on Sep 24, 2026 was kr 72.70. Our model-based fair value is kr 111.75, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solstad Offsho right now?
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 71.75 to kr 145.27) leaves room in how you read the outcome.
Where does the earnings growth of Solstad Offsho (SOFF) come from?
Earnings per share at Solstad Offsho grew −48.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share −52.2 %, EBIT margin −2.2 %, tax rate +0.7 %, residual (interest, one-offs) +9.1 %. 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 Solstad Offsho
How large is the market capitalisation of Solstad Offsho (SOFF)?
The market capitalisation of Solstad Offsho is 7.9B NOK (≈ $829M). 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 Solstad Offsho (SOFF)?
The price-to-sales ratio of Solstad Offsho is 1.97 (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 Solstad Offsho (SOFF)?
Earnings per share at Solstad Offsho are kr 17.73 (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Solstad Offsho (SOFF)?
The dividend yield of Solstad Offsho is 3.9% (payout 16.1%). 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 Solstad Offsho (SOFF)?
The net margin of Solstad Offsho is 48.0% (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 Solstad Offsho (SOFF)?
The return on equity (ROE) of Solstad Offsho is 38.5% (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 Solstad Offsho (SOFF)?
On an EBIT basis the return on assets of Solstad Offsho is 7.3% (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 Solstad Offsho (SOFF)?
The operating margin of Solstad Offsho is 18.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solstad Offsho (SOFF)?
Revenue at Solstad Offsho is growing +24.6% versus a year earlier (3y avg −60.1%). 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 Solstad Offsho (SOFF)?
Earnings per share at Solstad Offsho are growing +26.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Solstad Offsho (SOFF) carry?
The net debt of Solstad Offsho is 49.9M NOK (fiscal year 2025, ≈ 0.3 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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