Loading…
Norwegian chemical tanker shipping company operating one of the largest global fleets of parcel chemical tankers.
Norwegian chemical tanker shipping company operating one of the largest global fleets of parcel chemical tankers.
Carries chemicals and vegetable oils in many small parcels per voyage, with a good share of cargo under multi-year contracts of affreightment (agreed volumes on set terms) and the rest sold on the spot market. The Odfjell family controls the group.
In one line: A Norwegian chemical parcel tanker shipping company.
Moat: narrow (installed base, scale). One of the largest global chemical tanker fleets with specialized multi-parcel vessels.
Headquarters: Bergen, Norway · Founded: 1916 · Employees: 2,374
Size Odfjell (ODF.OL) is a Norway Industrials company (Marine Shipping) with a market value of $960M, the 64th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 115.60 on 6 Nov 2026.
Performance Over six months the shares gained 3.2%, against +0.4% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 9.7% over the last twelve months (peer median +7.3%); the operating margin is 18.1% (peer median 33.3%).
Valuation It trades at 6.9× forward earnings against a peer median of 8.7× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (5.3% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 11.4B | NOK 11.6B | NOK 13.4B | NOK 12.6B | NOK 12.6B |
| Revenue growth | — | -14% | +6% | 0% | — |
| Gross profit | NOK 2.87B | NOK 3.09B | NOK 4.50B | NOK 3.74B | NOK 2.72B |
| EBITDA | NOK 3.61B | NOK 3.83B | NOK 5.44B | NOK 4.67B | NOK 3.56B |
| Net income | NOK 1.63B | NOK 1.61B | NOK 2.99B | NOK 2.15B | NOK 1.36B |
| Free cash flow | NOK 2.40B | NOK 2.94B | NOK 3.93B | NOK 2.59B | NOK 2.44B |
| Capital expenditure | NOK 384M | NOK 414M | NOK 452M | NOK 1.06B | NOK 359M |
| Total debt | NOK 10.6B | NOK 9.51B | NOK 12.6B | NOK 10.9B | NOK 11.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Odfjell ODF.OL | $960M | +3% | -10% | 18% | 6.9× | -12.7% |
| Stolt-Nielsen SNI.OL | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ODF.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -4.2% | 5th lowest of 21 |
| 6-month return | +3.2% | +0.4% | 8th highest of 20 |
| Distance from 52-week high | -17.7% | -14.3% | 8th lowest of 21 |
| Revenue growth (TTM) | -9.7% | +7.3% | 4th lowest of 20 |
| Operating margin | 18.1% | 33.3% | 8th lowest of 20 |
| Forward P/E | 6.9× | 8.7× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -12.7% | -2.5% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +5.6% | +9.6% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -18.2 pp | -9.6 pp | 5th least demanding of 12 |
| ROIC minus cost of capital | +2.9 pp | +0.1 pp | 8th highest of 19 |
| EV / EBITDA | 5.1× | 6.4× | 8th cheapest of 19 |
| Net debt / EBITDA | 2.5× | 1.5× | 8th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Klaveness Combination Carriers KCC.OL | Norway | $661M | 0% | +21% | 26% | 5.8× | n/a | n/a |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Solstad Offshore SOFF.OL | Norway | $606M | +4% | +21% | 31% | 6.8× | 3.4% | -9.1% |