Odfjell Drilling Ltd (ODL) Fair Value & Analysis
Energy · NO · Market cap 20.3B NOK (≈ $2.2B) · ISIN BMG671801022
What is Odfjell Drilling Ltd really worth?
A solid business, but trading 77% above our fair value of kr 53.75.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 9 valuation models · updated 14 days ago
Fair value updated Aug 22, 2026, revised from kr 7.53 to kr 53.75 (+613.8%) since Aug 13, 2026. Share price +5.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 60.47). 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range kr 11.54 – kr 106.24 · fair‑value band kr 43.98 – kr 60.47 · the kr 95.20 price screens above the kr 53.75 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 Aug 22, 2026.
Analysis
Odfjell Drilling Ltd (ODL) currently trades at kr 95.20, while our model-based Fair Value estimate is kr 53.75, implying the stock looks roughly 77.1% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Energy sector. 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 95.20 price. Bear case: the Earnings-Based group reads lowest at kr 5.79, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Odfjell Drilling Ltd generated revenue of 984M NOK at a net margin of 21.3%. Revenue grew 40.4% year over year. It earns a return on equity of 14.7%. Net debt stands at 909M NOK. Fundamentals as of Aug 22, 2026
Our scenario range runs from kr 43.98 (bear case) to kr 60.47 (bull case); at kr 95.20, the current price sits above 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 11% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −50% fair-value upside, at −44%, ODL screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 4.84 per share, which is 9.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 9 models by family
Widest divergence: Multiples (kr 9.75) versus Asset-Based (kr 3.99). Highest evidence: Residual Income (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 66
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
of which total revenue −5.9 % · buybacks/dilution −1.8 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ODL screens 77% overvalued. Compare with Noble Corporation →
Peer Group
Oil & Gas Drilling · 34 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.
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
Strength profile in five axes (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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $45.76 | $23.09 | −50% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.22 | ¥0.4900 | −78% |
| Transocean Ltd RIG | $5.70 | $2.16 | −62% |
| Valaris Limited VAL | $85.21 | $58.91 | −31% |
| Patterson-UTI Energy, Inc PTEN | $12.13 | $12.20 | +1% |
| Helmerich & Payne, Inc HP | $42.55 | $9.25 | −78% |
| Seadrill Limited SDRL | $46.72 | $10.17 | −78% |
| Arabian Drilling Company 2381 | 88.90 SAR | 11.09 SAR | −88% |
| Borr Drilling Limited BORR | kr 41.63 | kr 26.64 | −36% |
| Nabors Industries Ltd NBR | $91.71 | $209.14 | +128% |
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