BW Offshore Limited/Nkr BWO
1D1W1MYTD1Y5YMAX
Capital at risk
About BW Offshore Limited
BW Offshore Limited is a company operating in the oil and gas industry, primarily focusing on floating production storage and offloading (FPSO) units. Its core business involves the engineering, procurement, construction, and operation of FPSOs, which are essential for offshore oil and gas production. The company provides leasing and operation services of FPSOs, addressing the needs of oil companies for cost-effective and flexible offshore production solutions. Founded in 1982, BW Offshore is headquartered in Oslo, Norway, and has a global presence in key oil-producing regions, with operations and projects across Africa, the Americas, Europe, and Asia. One of its strategic strengths lies in its extensive experience and technical expertise in delivering tailored offshore production solutions, along with a diversified fleet capable of operating in various marine environments.
- Ticker
- Nkr BWO
- Sector
- Energy
- Primary listing
- XOSL
- Employees
- 900
- Headquarters
- Hamilton, Bermuda
- Website
- www.bwoffshore.com
BWO Metrics
BasicAdvanced
kr 7.5B
-
-kr 1.60
0.60
kr 3.58
8.60%
Price and volume
Market cap
kr 7.5B
Beta
0.6
52-week high
kr 54.00
52-week low
kr 33.90
Average daily volume
154K
Dividend rate
kr 3.58
Financial strength
Current ratio
1.263
Quick ratio
1.263
Long term debt to equity
1.264
Total debt to equity
1.363
Interest coverage (TTM)
5.62%
Profitability
EBITDA (TTM)
1,842.932
Gross margin (TTM)
59.34%
Net profit margin (TTM)
-5.90%
Operating margin (TTM)
22.95%
Effective tax rate (TTM)
-144.53%
Revenue per employee (TTM)
kr 5,459,140
Management effectiveness
Return on assets (TTM)
1.80%
Return on equity (TTM)
-2.55%
Valuation
Price to revenue (TTM)
1.536
Price to book
7.23
Price to tangible book (TTM)
7.81
Price to free cash flow (TTM)
6.94
Free cash flow yield (TTM)
14.41%
Free cash flow per share (TTM)
5.994
Dividend yield (TTM)
8.60%
Growth
Revenue change (TTM)
-8.07%
Earnings per share change (TTM)
-122.39%
3-year revenue growth (CAGR)
-10.19%
10-year revenue growth (CAGR)
-3.06%
3-year earnings per share growth (CAGR)
-32.16%
10-year earnings per share growth (CAGR)
-37.29%
3-year dividend per share growth (CAGR)
38.26%
Bulls say / Bears say
BW Offshore has USD 2.2 billion of firm and probable operating cash-flow backlog, with 97% already firm. The BW Catcher extension to 2030 added about USD 490 million of firm backlog, improving revenue visibility. (Oslo Børs NewsWeb, BW Group)
BW Opal is producing at about 85% of nameplate capacity and generating revenue under its interim contract despite the delayed completion date. The underlying H1 profit was USD 46.6 million, while the company retained USD 511 million of available liquidity and continued its quarterly dividend. (Oslo Børs NewsWeb, Quartr)
The Bay du Nord FEED agreement with Equinor gives BW Offshore a credible route to a new long-term FPSO award, with Equinor targeting a potential contract award after FID in early 2027. A successful award would support growth beyond the existing fleet. (BW Group, BW Offshore)
BW Opal has suffered further technical problems in third-party equipment, moving practical completion to Q2 2027. BW Offshore expects about USD 65 million of extra investment and has recognised a USD 125 million impairment, highlighting execution risk on a major project. (Oslo Børs NewsWeb, Upstream)
The 2026 EBITDA outlook was cut to USD 250–280 million from USD 310–340 million, while H1 swung to a USD 78.7 million net loss. Even though the impairment is non-cash, the reset shows that delays can materially weaken reported earnings and near-term guidance. (Oslo Børs NewsWeb, MarketScreener)
The BW Catcher amendment removes the previous unilateral one-year extension options and applies a discount equivalent to 10% of the bareboat charter dayrate. Its revised production tariff will also be capped against oil prices from 2028, which could limit future upside from the asset. (BW Group, Oslo Børs NewsWeb)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.
Upcoming events
No upcoming events
Funds containing BWO
AllEURGBPUSD
Fund name | Fund size | Nkr BWO weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.02% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.02% |
L&G Global Quality Dividends£LDGG | £279M | 0.01% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.00% |
iShares MSCI World Small Cap$WSML | $9B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.