Solstad Offshore ASA/Nkr SOFF
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Capital at risk
About Solstad Offshore ASA
Solstad Offshore ASA is a maritime company based in Skudeneshavn, Norway, that operates within the offshore oil and gas industry. The company provides a range of services including the charter and operation of offshore service vessels, which are integral to the logistics and operations of offshore oil and gas projects. Solstad Offshore's fleet comprises platform supply vessels, anchor handling tug supply vessels, and construction service vessels, among others. The company has a significant geographic presence, with operations primarily in the North Sea and Brazil, as well as other regions. Solstad Offshore's competitive strengths include a diverse and versatile fleet, which allows it to offer comprehensive marine support tailored to the varied demands of offshore projects.
- Ticker
- Nkr SOFF
- Sector
- Energy
- Primary listing
- XOSL
- Employees
- 900
- Headquarters
- Skudeneshavn, Norway
- Website
- www.solstad.com
SOFF Metrics
BasicAdvanced
kr 5.7B
4.12
kr 16.89
0.81
kr 3.37
8.39%
Price and volume
Market cap
kr 5.7B
Beta
0.81
52-week high
kr 74.10
52-week low
kr 40.50
Average daily volume
98K
Dividend rate
kr 3.37
Financial strength
Current ratio
1.001
Quick ratio
0.945
Long term debt to equity
0.805
Total debt to equity
1.059
Dividend payout ratio (TTM)
8.48%
Interest coverage (TTM)
2.37%
Profitability
EBITDA (TTM)
742.886
Gross margin (TTM)
51.52%
Net profit margin (TTM)
43.29%
Operating margin (TTM)
27.15%
Effective tax rate (TTM)
-11.25%
Revenue per employee (TTM)
kr 3,559,260
Management effectiveness
Return on assets (TTM)
5.82%
Return on equity (TTM)
35.24%
Valuation
Price to earnings (TTM)
4.12
Price to revenue (TTM)
1.783
Price to book
12.1
Price to tangible book (TTM)
12.11
Price to free cash flow (TTM)
4.248
Free cash flow yield (TTM)
23.54%
Free cash flow per share (TTM)
16.383
Dividend yield (TTM)
4.84%
Forward dividend yield
8.39%
Growth
Revenue change (TTM)
21.28%
Earnings per share change (TTM)
6.44%
3-year revenue growth (CAGR)
-16.35%
10-year revenue growth (CAGR)
0.80%
3-year earnings per share growth (CAGR)
333.75%
10-year earnings per share growth (CAGR)
-52.18%
Bulls say / Bears say
Operating momentum improved materially: second-quarter adjusted EBITDA rose to $41 million from $32 million, while first-half adjusted EBITDA increased 21% to $75 million. Cash also rose to $83 million and adjusted net interest-bearing debt fell to $28 million, strengthening financial flexibility. (Solstad)
Contract visibility is improving beyond the current year. Normand Maximus has a two-year firm period from the first quarter of 2027, and Solstad is developing a new construction vessel with SBM Offshore on a 14-year contract from delivery in 2029. (Solstad, Baird Maritime)
Brazil is adding contracted revenue and extending visibility in a core operating market. Petrobras awarded the Normand Valiant a two-year contract worth about $62 million from the fourth quarter of 2026, following a separate two-year extension for the Normand Fortress. (Solstad, Offshore Energy)
Fleet utilisation fell to 82% in the first half of 2026 from 96% a year earlier, with Normand Tonjer and Normand Topazio the main underperformers. That shows earnings remain exposed to idle vessels and contract gaps even while overall activity is strong. (Solstad, Baird Maritime)
Solstad still faces sizeable 2027 funding commitments, including a term loan maturing in November 2027 and the Normand Maximus purchase option. The company’s cash generation will therefore need to cover debt repayment, lease obligations and potential vessel-related spending rather than all being available for dividends or growth. (Solstad, Solstad)
The headline backlog of almost $1 billion overstates the backlog directly tied to SOFF’s owned fleet: only about $432 million relates to owned vessels, while much of the remainder concerns Solstad Maritime vessels. SOFF owns 27.3% of Solstad Maritime, so investors should not treat the full figure as SOFF revenue or asset value. (Solstad, Solstad)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
SOFF Financial Performance
Revenues and expenses
SOFF Earnings Performance
Company profitability
Upcoming events
No upcoming events
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.