Odfjell Drilling Ltd./Nkr ODL
1D1W1MYTD1Y5YMAX
Capital at risk
About Odfjell Drilling Ltd.
Odfjell Drilling Ltd. is a company operating within the oil and gas industry, primarily focusing on providing offshore drilling services. The company offers a range of services including mobile offshore drilling units, technology-driven operations, and well services. Established in 1973, Odfjell Drilling is headquartered in Bergen, Norway. The company operates in several regions, with a significant presence in the North Sea and additional operations in international waters. Odfjell Drilling leverages advanced technology and a strong safety record, contributing to its strategic position in the offshore drilling market.
- Ticker
- Nkr ODL
- Sector
- Energy
- Primary listing
- XOSL
- Employees
- 1,648
- Headquarters
- Aberdeen, United Kingdom
- Website
- www.odfjelldrilling.com
ODL Metrics
BasicAdvanced
kr 24B
11.57
kr 8.80
0.32
kr 8.89
8.74%
Price and volume
Market cap
kr 24B
Beta
0.32
52-week high
kr 112.00
52-week low
kr 73.60
Average daily volume
373K
Dividend rate
kr 8.89
Financial strength
Current ratio
1.035
Quick ratio
0.629
Long term debt to equity
0.588
Total debt to equity
0.671
Dividend payout ratio (TTM)
91.89%
Interest coverage (TTM)
3.82%
Profitability
EBITDA (TTM)
4,833.341
Gross margin (TTM)
100.00%
Net profit margin (TTM)
20.50%
Operating margin (TTM)
30.40%
Effective tax rate (TTM)
10.45%
Revenue per employee (TTM)
kr 6,246,330
Management effectiveness
Return on assets (TTM)
8.64%
Return on equity (TTM)
15.71%
Valuation
Price to earnings (TTM)
11.566
Price to revenue (TTM)
2.355
Price to book
16.98
Price to tangible book (TTM)
17.02
Price to free cash flow (TTM)
-16.44
Free cash flow yield (TTM)
-6.08%
Free cash flow per share (TTM)
-6.192
Dividend yield (TTM)
8.74%
Growth
Revenue change (TTM)
34.74%
Earnings per share change (TTM)
111.42%
3-year revenue growth (CAGR)
16.86%
10-year revenue growth (CAGR)
3.97%
3-year earnings per share growth (CAGR)
64.02%
10-year earnings per share growth (CAGR)
4.23%
3-year dividend per share growth (CAGR)
149.33%
Bulls say / Bears say
Odfjell has extended Deepsea Bergen’s firm backlog to the first quarter of 2031 through a three-year, estimated USD 518 million award from Vår Energi. Securing this work less than a year after acquiring the rig improves long-term utilisation and cash-flow visibility. (Odfjell Drilling)
The harsh-environment rig market remains tight, with sector utilisation around 90% and little new supply expected in the short to medium term. That should support day rates, while Deepsea Nordkapp’s extension is priced against market rates rather than locked at an old level. (Odfjell Drilling, Odfjell Drilling)
Odfjell reduced net debt to USD 863 million and increased available liquidity to USD 308 million while maintaining a USD 0.25 per-share quarterly dividend. Operating cash flow of USD 128 million in Q2 suggests the contracted fleet is generating substantial cash even during a rig outage. (Odfjell Drilling, Quartr)
Q2 EBITDA was boosted by USD 82 million of insurance proceeds, with a net USD 32 million positive effect after claim costs; excluding these insurance-related items, EBITDA was USD 129 million. Deepsea Atlantic was also off hire for 106 days, showing that a single equipment failure can materially affect earnings. (Odfjell Drilling)
Much of the owned fleet is firmly contracted only until at least the third quarter of 2027, so earnings beyond that point still depend on securing new work and acceptable day rates. Even the Deepsea Nordkapp extension has a rate yet to be set, leaving some future revenue exposed to market conditions. (Odfjell Drilling, Odfjell Drilling)
Despite recent deleveraging, net debt was still USD 863 million and the company paid a USD 60 million quarterly dividend. Recent analysis flags only 2.0 times net interest cover and weak free-cash-flow coverage of the dividend, which could limit flexibility if drilling conditions weaken. (Odfjell Drilling, Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
Upcoming events
No upcoming events
Funds containing ODL
AllEURGBPUSD
Fund name | Fund size | Nkr ODL weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.08% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.08% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
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.