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Employees: 904
Size Solstad Offshore (SOFF.OL) is a Norway Industrials company (Marine Shipping) with a market value of $606M, the 80th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 68.30 on 6 Nov 2026.
Performance Over six months the shares gained 4.3%, against -3.9% for the median peer and +2.7% for the Norway market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 21.4% over the last twelve months (peer median +22.3%); the operating margin is 31.0% (peer median 19.5%).
Valuation It trades at 6.8× forward earnings against a peer median of 7.5× (6th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.4 points below its cost of capital (12.5% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | NOK 3.01B | NOK 2.48B | NOK 6.73B | NOK 4.58B |
| Revenue growth | — | +21% | -63% | +47% | — |
| Gross profit | n/a | NOK 1.26B | NOK 490M | NOK 2.51B | NOK 997M |
| EBITDA | n/a | NOK 1.47B | NOK 1.35B | NOK 2.81B | NOK 1.62B |
| Net income | n/a | NOK 1.45B | NOK 1.27B | NOK 388M | -NOK 1.27B |
| Free cash flow | n/a | NOK 1.68B | NOK 950M | NOK 1.02B | NOK 40.8M |
| Capital expenditure | n/a | NOK 79.9M | NOK 81.7M | NOK 630M | NOK 613M |
| Total debt | NOK 4.99B | NOK 3.79B | NOK 5.01B | NOK 15.8B | NOK 22.8B |
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.
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 | SOFF.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | -10.9% | 5th highest of 21 |
| 6-month return | +4.3% | -3.9% | 5th highest of 21 |
| Distance from 52-week high | -9.1% | -21.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +21.4% | +22.3% | 10th lowest of 20 |
| Operating margin | 31.0% | 19.5% | 7th highest of 21 |
| Forward P/E | 6.8× | 7.5× | 6th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 3.4% | -3.3% | 5th most demanding of 12 |
| Growth delivered (Del g) | -9.1% | +8.6% | lowest of 11 |
| Hurdle (Req g minus delivered) | +12.5 pp | -10.0 pp | most demanding of 11 |
| ROIC minus cost of capital | -4.4 pp | +2.4 pp | 2nd lowest of 20 |
| EV / EBITDA | 6.7× | 7.4× | 7th cheapest of 16 |
| Net debt / EBITDA | 2.8× | 1.4× | 4th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Solstad Offshore SOFF.OL | Norway | $606M | +4% | +21% | 31% | 6.8× | 3.4% | -9.1% |
| Xingtong Shipping 603209.SS | China | $603M | -5% | +28% | 25% | 11.4× | n/a | n/a |
| Dong Fang Offshore 7786.TW | Taiwan | $583M | -19% | +52% | 19% | 11.4× | n/a | n/a |
| Rederiaktiebolaget Gotland GOTL-A.ST | Sweden | $582M | -16% | +42% | 1% | 66.5× | n/a | n/a |
| Ningbo Marine 600798.SS | China | $575M | -12% | +39% | 3% | n/a | -7.5% | +3.5% |
| Klaveness Combination Carriers KCC.OL | Norway | $661M | 0% | +21% | 26% | 5.8× | n/a | n/a |
| Sincere Navigation 2605.TW | Taiwan | $548M | -11% | +22% | 31% | 8.9× | -18.5% | +2.3% |
| Phoenix Shipping (Wuhan) 000520.SZ | China | $527M | -12% | +78% | 5% | n/a | n/a | n/a |
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| Pangaea Logistics Solutions PANL | United States | $496M | -3% | +22% | 9% | 7.4× | 1.6% | +10.5% |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| Yasuda Logistics 9324.T | Japan | $453M | +12% | +2% | 5% | n/a | 12.3% | +10.9% |
| Costamare Bulkers CMDB | United States | $449M | -4% | n/a | -3% | n/a | -7.8% | n/a |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Korea Line 005880.KS | South Korea | $420M | -30% | -19% | 21% | 2.9× | -12.2% | +7.6% |
| Euroseas ESEA | United States | $417M | -13% | +3% | 59% | 3.4× | n/a | n/a |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Sea1 Offshore Incorporation SEA1.OL | Norway | $406M | -12% | -23% | 36% | 4.9× | n/a | n/a |
| Seacon Shipping 2409.HK | Hong Kong | $400M | +32% | +40% | 11% | 6.2× | 4.8% | +12.7% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |