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Ventura Offshore Holding (VTURA) Fair Value & Analysis

Energy · NO · Market cap 3.0B NOK

VO Ventura Offshore Holding VTURA · OL
Pricekr 29.20
Fair Valuekr 16.69
Upside-42.8%
Quality70/100
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Mixed Growth
Highly profitable · 32.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 87/100
Evidence: High Range kr 7.59 – kr 30.91 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 12.83 to kr 16.69 (+30.1%) since Jun 24, 2026. Share price +2.1% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (kr 7.59 to kr 30.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (2 years)

kr 33.80 kr 17.30 Fair Value kr 16.69 Jun 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

26‑month range kr 17.30 – kr 33.80 · fair‑value band kr 7.59 – kr 30.91 · the kr 29.20 price screens above the kr 16.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Ventura Offshore Holding (VTURA) currently trades at kr 29.20, while our model-based Fair Value estimate is kr 16.69, implying the stock looks roughly 42.8% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ventura Offshore Holding generated revenue of 309M NOK at a net margin of 31.2%. Revenue declined 34.9% year over year. It earns a return on equity of 29.3%. Net debt stands at 99.2M NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 7.59 (bear case) to kr 30.91 (bull case); at kr 29.20, the current price sits within 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 16% below its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -45% fair-value upside, at -43%, VTURA 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 6.51 kr 12.83 kr 23.02 80
Rev-Margin DCF kr 4.36 kr 7.67 kr 14.65 74
ROIC Compounder kr 11.41 kr 18.55 kr 23.30 72
All 24 models by family
DCF Models
FCF DCF kr 6.96 kr 10.99 kr 23.52 38
Owner Earnings kr 15.92 kr 35.87 kr 76.21 31
5Y Revenue Exit kr 3.93 kr 6.64 kr 12.27 39
5Y EBITDA Exit kr 6.78 kr 12.40 kr 23.42 41
5Y P/E Exit kr 8.71 kr 20.57 kr 36.83 38
10Y Revenue Exit kr 4.78 kr 9.87 kr 12.73 36
10Y EBITDA Exit kr 6.94 kr 15.87 kr 31.37 37
10Y P/E Exit kr 8.32 kr 19.93 kr 39.20 35
Earnings-Based
Graham-Dodd kr 6.20 kr 43.21 kr 60.64 54
Lynch FV kr 22.32 kr 31.89 kr 41.46 50
PEG = 1.0 kr 22.32 kr 31.89 kr 41.46 46
EPV kr 8.29 kr 9.68 kr 10.88 59
Multiples
P/E Multiple kr 9.57 kr 12.76 kr 15.95 63
P/S Multiple kr 3.09 kr 4.12 kr 5.16 58
P/B Multiple kr 4.82 kr 6.42 kr 8.03 55
EV/EBIT kr 8.68 kr 11.74 kr 14.80 53
EV/EBITDA kr 6.47 kr 8.78 kr 11.10 54
EV/Revenue kr 2.40 kr 3.64 kr 4.87 43
Asset-Based
NCAV (Graham) kr 1.78 kr 2.39 kr 3.57 50
Growth DCF
Growth DCF kr 6.51 kr 12.83 kr 23.02 80
Rev-Margin DCF kr 4.36 kr 7.67 kr 14.65 74
Economic Profit
Residual Income kr 6.02 kr 8.15 kr 47.49 61
ROIC Compounder kr 11.41 kr 18.55 kr 23.30 72
Growth Earnings
Growth-Adj P/E kr 26.16 kr 37.38 kr 48.59 68

Widest divergence: Growth Earnings (kr 37.38) versus Asset-Based (kr 2.39). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 309M NOK
Revenue growth (YoY) -34.9%
Net margin 31.2%
Return on equity 29.3%
Free cash flow 49.6M NOK FY2025
P/E ratio 3.7
More key figures
Operating margin 45.3%
EPS (TTM) kr 8.54
EPS growth (YoY) -19.4%
Net debt 99.2M NOK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 67 · Market factors (momentum, volatility) 67

Profitability 80
Margins and returns on capital today
Quality Growth 97
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 41
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

Ventura Offshore Holding Ltd., a deep-water drilling contractor, provides offshore drilling services in deep and ultra-deep waters for the oil and gas industry in Brazil and internationally. The company was founded in 1972 and is headquartered in Macaé, Brazil.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ventura Offshore Holding reported revenue of kr 364M in FY2025 versus kr 149M in FY2021, a compound +25.1%/yr. Reported net income was kr 96.5M in FY2025.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
364M NOK
Latest YoY
+52.8%
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.
+41.9%
Revenue +25.1%/yr
FY21 kr 149M
FY22 kr 127M
FY23 kr 208M
FY24 kr 238M
FY25 kr 364M
Net income
FY21 −kr 134M
FY22 −kr 643M
FY23 kr 21.7M
FY24 kr 57.7M
FY25 kr 96.5M

VTURA screens 43% overvalued. Compare with Noble Corporation →

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Cite: Fair Value Calculator (2026). "Ventura Offshore Holding Fair Value". https://www.fairvalue-calculator.com/stock/VTURA

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 70 · Top 25%
Fair Value upside −43% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 0% · Above median
Debt / equity 0.25× · Lower than median

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

P/E (TTM) 3.1× · Cheaper than 75% of peers
P/B 0.84× · Cheaper than median
P/S (TTM) 1.03× · Pricier than median
P/FCF 6.4× · Cheaper than median
EV/EBITDA 2.2× · Cheaper than 75% of peers

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 0 · sector 0
FUTURE 2 · sector 2
PAST 100 · sector 17
HEALTH 88 · sector 84
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 18, 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 Ventura Offshore Holding (VTURA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 16.69 versus a price of kr 29.20, about −43% (overvalued).
What is the fair value of VTURA?
Our model-based fair value for Ventura Offshore Holding is kr 16.69 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 29.20.
What is the quality score of VTURA?
Ventura Offshore Holding has a Quality Score of 70/100. 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 Ventura Offshore Holding (VTURA)?
Ventura Offshore Holding reported trailing-twelve-month revenue of about 309M NOK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of VTURA?
The net profit margin of Ventura Offshore Holding is about 31.2%, meaning it keeps roughly 31.2% 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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