Cash flow Odfjell SE

Stocks

ODF

NO0003399909

Oil & Gas Transportation Services

Market Closed - Oslo Bors Other stock markets 15:45:00 09/06/2026 BST			5-day change	1st Jan Change
113.00 ^NOK	+1.25%		+5.61%	-11.02%

06-03	Odfjell SE - Analyst/Investor Day
06-03	Clarksons Platou Securities upgrades Odfjell to buy (neutral), price target set at NOK 130 - BN	FW

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Published financial data: ODFJELL SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.04B	1.31B	1.19B	1.25B	1.12B
Total Revenues	1.04B	1.31B	1.19B	1.25B	1.12B
Cost of Goods Sold, Total	745M	866M	682M	669M	662M
Gross Profit	293M	444M	512M	579M	454M
Selling General & Admin Expenses, Total	59.34M	73.71M	70.39M	73.81M	85.44M
Depreciation & Amortization - (IS)	180M	161M	158M	161M	156M
Other Operating Expenses	-6.2M	1.74M	-	-	-
Other Operating Expenses, Total	233M	237M	229M	235M	242M
Operating Income	60.21M	207M	284M	344M	212M
Interest Expense, Total	-75.55M	-81.89M	-95.3M	-81.47M	-70.2M
Interest And Investment Income	608K	4.48M	5.91M	6.85M	5.27M
Net Interest Expenses	-74.94M	-77.4M	-89.39M	-74.62M	-64.93M
Income (Loss) On Equity Invest.	5.12M	12.69M	8.84M	11.29M	9.18M
Currency Exchange Gains (Loss)	8.19M	21.51M	-11.29M	7.81M	-3.3M
Other Non Operating Income (Expenses)	-10.47M	-23.27M	16.67M	-7.93M	544K
EBT, Excl. Unusual Items	-11.89M	141M	209M	281M	154M
Gain (Loss) On Sale Of Assets	3.2M	3.81M	1.19M	22K	3.31M
Asset Writedown	-21.09M	-	-	-1.02M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-29.77M	145M	210M	280M	157M
Income Tax Expense	3.44M	3.09M	6.58M	1.93M	1.63M
Earnings From Continuing Operations	-33.21M	142M	203M	278M	155M
Net Income to Company	-33.21M	142M	203M	278M	155M
Net Income - (IS)	-33.21M	142M	203M	278M	155M
Net Income to Common Incl Extra Items	-33.21M	142M	203M	278M	155M
Net Income to Common Excl. Extra Items	-33.21M	142M	203M	278M	155M
Per Share Items
Net EPS - Basic	-0.42	1.79	2.57	3.51	1.96
Basic EPS - Continuing Operations	-0.42	1.79	2.57	3.51	1.96
Basic Weighted Average Shares Outstanding	78.89M	78.96M	79.01M	79.05M	79.12M
Net EPS - Diluted	-0.42	1.79	2.57	3.51	1.96
Diluted EPS - Continuing Operations	-0.42	1.79	2.57	3.51	1.96
Diluted Weighted Average Shares Outstanding	78.89M	78.96M	79.01M	79.05M	79.12M
Normalized Basic EPS	-0.09	1.12	1.65	2.22	1.21
Normalized Diluted EPS	-0.09	1.12	1.65	2.22	1.21
Dividend Per Share	0.11	0.84	1.25	1.78	0.98
Payout Ratio	-	18.54	47.54	46.36	64.17
Supplemental Items
EBITDA	170M	306M	376M	439M	312M
EBITA	60.21M	207M	284M	344M	212M
EBIT	60.21M	207M	284M	344M	212M
EBITDAR	392M	534M	535M	600M	473M
Effective Tax Rate - (Ratio)	-11.55	2.14	3.13	0.69	1.04
Current Foreign Taxes	3.84M	4.19M	7.01M	2.17M	1.89M
Total Current Taxes	3.84M	4.19M	7.01M	2.17M	1.89M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-403K	-1.1M	-439K	-242K	-259K
Total Deferred Taxes	-403K	-1.1M	-439K	-242K	-259K
Normalized Net Income	-7.43M	88.06M	130M	175M	96.03M
Interest on Long-Term Debt	13.34M	11.08M	15.8M	19.76M	19.66M
Non-Cash Pension Expense	1.94M	1.19M	1.78M	1.77M	2.01M
Supplemental Operating Expense Items
General and Administrative Expenses	59.34M	73.71M	70.39M	73.81M	85.44M
Net Rental Expense, Total	222M	228M	158M	161M	160M
Imputed Operating Lease Interest Expense	91.86M	116M	107M	96.17M	87.63M
Imputed Operating Lease Depreciation	130M	112M	51.05M	64.85M	72.54M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	73.48M	118M	112M	147M	149M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	12.94M	-	-	-
Total Cash And Short Term Investments	73.48M	131M	112M	147M	149M
Accounts Receivable, Total	90.1M	98.4M	90.54M	107M	97.36M
Other Receivables	21.43M	17.8M	31.64M	31.75M	19.85M
Notes Receivable	-	750K	975K	699K	1.32M
Total Receivables	112M	117M	123M	140M	119M
Inventory	38.75M	32.96M	39.77M	39.02M	36.76M
Prepaid Expenses	5.66M	1.62M	1.71M	1.33M	12.01M
Other Current Assets, Total	37.28M	5.12M	5.26M	8.8M	11.32M
Total Current Assets	267M	287M	282M	336M	327M
Gross Property Plant And Equipment	1.71B	3.04B	3.24B	1.68B	1.54B
Accumulated Depreciation	-88.25M	-1.51B	-1.71B	-42.67M	-45.71M
Net Property Plant And Equipment	1.62B	1.54B	1.52B	1.64B	1.5B
Long-term Investments	179M	168M	171M	172M	183M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	926K	1.8M	2.56M	1.74M	2M
Other Long-Term Assets, Total	4.39M	15.52M	13.78M	21.67M	26.77M
Total Assets	2.07B	2.01B	1.99B	2.17B	2.04B
Liabilities
Accounts Payable, Total	42.78M	34.72M	29M	26.86M	21.68M
Accrued Expenses, Total	42.67M	41.93M	48.83M	48.19M	46.45M
Short-term Borrowings	19.07M	-	-	-	-
Current Portion of Long-Term Debt	169M	218M	166M	211M	140M
Current Portion of Leases	60.73M	63.35M	94.31M	176M	77M
Current Income Taxes Payable	123K	214K	610K	518K	1.42M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	24.81M	34.69M	26.31M	38.77M	19.15M
Total Current Liabilities	359M	393M	365M	502M	305M
Long-Term Debt	969M	739M	658M	501M	504M
Long-Term Leases	173M	157M	154M	221M	223M
Pension & Other Post Retirement Benefits	5.3M	3.53M	3.61M	1.26M	990K
Deferred Tax Liability Non Current	268K	15K	10K	10K	10K
Other Non Current Liabilities	18.1M	19.26M	14.64M	13M	10.17M
Total Liabilities	1.52B	1.31B	1.2B	1.24B	1.04B
Common Stock, Total	29.42M	29.42M	27.76M	27.76M	27.76M
Additional Paid In Capital	172M	172M	172M	172M	172M
Retained Earnings	356M	471M	578M	728M	784M
Treasury Stock	-2.5M	-2.49M	-959K	-947K	-931K
Comprehensive Income and Other	-7.18M	26.65M	21.04M	2.77M	9.62M
Total Common Equity	549M	697M	799M	930M	993M
Total Equity	549M	697M	799M	930M	993M
Total Liabilities And Equity	2.07B	2.01B	1.99B	2.17B	2.04B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78.91M	78.98M	79.02M	79.07M	79.14M
ECS Total Common Shares Outstanding	78.91M	78.98M	79.02M	79.07M	79.14M
Book Value / Share	6.95	8.83	10.11	11.76	12.54
Tangible Book Value	549M	697M	799M	930M	993M
Tangible Book Value Per Share	6.95	8.83	10.11	11.76	12.54
Total Debt	1.39B	1.18B	1.07B	1.11B	943M
Net Debt	1.32B	1.05B	961M	963M	795M
Debt Equivalent Oper. Leases	1.77B	1.82B	1.27B	1.29B	1.28B
Equity Method Investments, Total	179M	168M	171M	172M	183M
Account Code - Inventory Valuation	5	5	5	5	5
Machinery, Total	1.42B	2.74B	2.88B	1.29B	1.31B
Full Time Employees	2.3K	2.27K	2.3K	2.32K	2.37K
Accumulated Allowance for Doubtful Accounts (Supple)	2.08M	2.9M	1.76M	2.31M	2.48M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-33.21M	142M	203M	278M	155M
Depreciation & Amortization - CF	174M	161M	158M	161M	156M
Depreciation & Amortization, Total	174M	161M	158M	161M	156M
(Gain) Loss From Sale Of Asset	3.2M	-3.81M	-1.19M	-22K	-3.31M
(Gain) Loss on Sale of Investments - (CF)	-	-	-2.66M	-	-
Asset Writedown & Restructuring Costs	21.09M	-	-	1.02M	-
(Income) Loss On Equity Investments - (CF)	-5.1M	-12.69M	-8.84M	-11.29M	-9.18M
Other Operating Activities, Total	3.13M	14.78M	516K	-7.88M	5.57M
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-10.63M	-12.63M	-9.45M	-14.95M	5.85M
Change In Accounts Payable	-	-	-	-	-
Cash from Operations	153M	289M	340M	406M	311M
Capital Expenditure	-34.37M	-37.31M	-97.77M	-77.6M	-39.86M
Sale of Property, Plant, and Equipment	20.44M	34.73M	47.49M	5.24M	37.1M
Cash Acquisitions	-11.74M	-19.08M	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	15.53M	-	-9M
Other Investing Activities, Total	5.4M	792K	761K	-828K	10.54M
Cash from Investing	-20.27M	-20.86M	-33.99M	-73.19M	-1.22M
Short Term Debt Issued, Total	-	26.75M	-	-	-
Long-Term Debt Issued, Total	222M	237M	213M	90M	364M
Total Debt Issued	222M	263M	213M	90M	364M
Long-Term Debt Repaid, Total	-383M	-454M	-405M	-260M	-572M
Total Debt Repaid	-383M	-454M	-405M	-260M	-572M
Issuance of Common Stock	-	-	322K	517K	588K
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-26.25M	-96.65M	-129M	-99.68M
Common & Preferred Stock Dividends Paid	-	-26.25M	-96.65M	-129M	-99.68M
Other Financing Activities, Total	1K	-4.82M	-23.22M	-	-
Cash from Financing	-161M	-221M	-312M	-299M	-307M
Foreign Exchange Rate Adjustments	-821K	-2.1M	391K	-	-
Miscellaneous Cash Flow Adjustments	-1K	-1K	-	-1K	-
Net Change in Cash	-29.63M	44.19M	-5.38M	34.22M	2.1M
Supplemental Items
Cash Interest Paid	73.92M	80.84M	95.11M	81.42M	69.69M
Cash Income Tax Paid (Refund)	4.05M	4.1M	6.62M	2.26M	1.77M
Levered Free Cash Flow	86.4M	225M	158M	238M	190M
Unlevered Free Cash Flow	134M	276M	218M	289M	234M
Change In Net Working Capital	43.78M	-22.15M	20.04M	9.53M	15.22M
Net Debt Issued / Repaid	-161M	-190M	-192M	-170M	-208M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.75	6.35	8.86	10.34	6.31
Return on Total Capital	1.86	6.8	9.47	11	6.67
Return On Equity %	-5.91	22.73	27.18	32.15	16.16
Return on Common Equity	-5.91	22.73	27.18	32.15	16.16
Margin Analysis
Gross Profit Margin %	28.24	33.91	42.91	46.4	40.69
SG&A Margin	5.72	5.63	5.9	5.91	7.66
EBITDA Margin %	16.4	23.35	31.51	35.12	28.01
EBITA Margin %	5.8	15.83	23.77	27.57	19.02
EBIT Margin %	5.8	15.83	23.77	27.57	19.02
Income From Continuing Operations Margin %	-3.2	10.81	17.03	22.25	13.93
Net Income Margin %	-3.2	10.81	17.03	22.25	13.93
Net Avail. For Common Margin %	-3.2	10.81	17.03	22.25	13.93
Normalized Net Income Margin	-0.72	6.72	10.92	14.05	8.61
Levered Free Cash Flow Margin	8.32	17.15	13.25	19.1	17.03
Unlevered Free Cash Flow Margin	12.87	21.06	18.23	23.17	20.96
Asset Turnover
Asset Turnover	0.48	0.64	0.6	0.6	0.53
Fixed Assets Turnover	0.61	0.83	0.78	0.79	0.71
Receivables Turnover (Average Receivables)	12.97	13.89	12.64	12.61	10.89
Inventory Turnover (Average Inventory)	23.31	24.14	18.74	16.99	17.46
Short Term Liquidity
Current Ratio	0.74	0.73	0.77	0.67	1.07
Quick Ratio	0.51	0.63	0.64	0.57	0.87
Operating Cash Flow to Current Liabilities	0.42	0.73	0.93	0.81	1.02
Days Sales Outstanding (Average Receivables)	28.14	26.27	28.88	29.02	33.51
Days Outstanding Inventory (Average Inventory)	15.66	15.12	19.47	21.54	20.91
Average Days Payable Outstanding	17.02	16.45	16.89	15.29	13.44
Cash Conversion Cycle (Average Days)	26.77	24.94	31.46	35.27	40.98
Long Term Solvency
Total Debt/Equity	253.47	168.83	134.35	119.36	95.02
Total Debt / Total Capital	71.71	62.8	57.33	54.41	48.72
LT Debt/Equity	208.1	128.47	101.76	77.69	73.18
Long-Term Debt / Total Capital	58.87	47.79	43.42	35.42	37.53
Total Liabilities / Total Assets	73.54	65.29	59.96	57.12	51.24
EBIT / Interest Expense	0.8	2.53	2.98	4.22	3.02
EBITDA / Interest Expense	3.1	4.5	4.64	6.21	5.25
(EBITDA - Capex) / Interest Expense	2.65	4.05	3.61	5.25	4.68
Total Debt / EBITDA	5.93	3.19	2.43	2.2	2.56
Net Debt / EBITDA	5.62	2.84	2.17	1.91	2.16
Total Debt / (EBITDA - Capex)	6.95	3.55	3.12	2.59	2.87
Net Debt / (EBITDA - Capex)	6.59	3.16	2.79	2.25	2.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.58	26.12	-8.82	4.58	-10.67
Gross Profit, 1 Yr. Growth %	-6.49	51.41	15.39	13.07	-21.65
EBITDA, 1 Yr. Growth %	-13.35	73.11	23.02	16.56	-28.75
EBITA, 1 Yr. Growth %	-40.87	244.38	36.89	21.25	-38.36
EBIT, 1 Yr. Growth %	-40.87	244.38	36.89	21.25	-38.36
Earnings From Cont. Operations, 1 Yr. Growth %	-219.32	-526.46	43.57	36.65	-44.09
Net Income, 1 Yr. Growth %	-219.32	-526.46	43.57	36.65	-44.09
Normalized Net Income, 1 Yr. Growth %	-137.99	-1.29K	48.12	34.53	-45.27
Diluted EPS Before Extra, 1 Yr. Growth %	-218.93	-526.06	43.48	36.58	-44.14
Accounts Receivable, 1 Yr. Growth %	28.7	9.22	-7.99	18.65	-9.38
Inventory, 1 Yr. Growth %	53.98	-14.95	20.66	-1.88	-5.8
Net Property, Plant and Equip., 1 Yr. Growth %	-9.08	-5.26	-0.76	7.41	-8.6
Total Assets, 1 Yr. Growth %	-6.62	-3.11	-0.72	8.72	-6.1
Tangible Book Value, 1 Yr. Growth %	-4.74	27.09	14.53	16.44	6.77
Common Equity, 1 Yr. Growth %	-4.74	27.09	14.53	16.44	6.77
Cash From Operations, 1 Yr. Growth %	-1.64	89.11	17.73	19.5	-23.52
Capital Expenditures, 1 Yr. Growth %	-83.41	8.56	162.03	-20.63	-5.24
Levered Free Cash Flow, 1 Yr. Growth %	-259.88	107.22	-29.59	50.76	-30.67
Unlevered Free Cash Flow, 1 Yr. Growth %	-6.72K	77.23	-21.06	32.9	-28.03
Dividend Per Share, 1 Yr. Growth %	-	740	56.25	42.4	-44.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.1	18.09	7.23	-2.35	-3.35
Gross Profit, 2 Yr. CAGR %	8.06	18.99	32.18	14.23	-5.88
EBITDA, 2 Yr. CAGR %	13.05	24.76	45.93	19.75	-8.87
EBITA, 2 Yr. CAGR %	22.96	42.7	117.12	28.84	-13.55
EBIT, 2 Yr. CAGR %	22.96	42.7	117.12	28.84	-13.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.81	125.58	147.44	40.07	-12.59
Net Income, 2 Yr. CAGR %	-4.81	125.58	147.44	40.07	-12.59
Normalized Net Income, 2 Yr. CAGR %	-37.69	112.2	319.01	41.16	-14.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.96	125.1	147.25	39.99	-12.65
Accounts Receivable, 2 Yr. CAGR %	13.41	18.56	0.25	4.49	3.69
Inventory, 2 Yr. CAGR %	16.35	14.44	1.3	8.81	-3.86
Net Property, Plant and Equip., 2 Yr. CAGR %	0.05	-7.19	-3.03	3.25	-0.92
Total Assets, 2 Yr. CAGR %	1.35	-4.88	-1.92	3.89	1.04
Tangible Book Value, 2 Yr. CAGR %	-0.23	10.03	20.65	15.48	11.5
Common Equity, 2 Yr. CAGR %	-0.23	10.03	20.65	15.48	11.5
Cash From Operations, 2 Yr. CAGR %	24.42	36.39	49.21	18.61	-4.4
Capital Expenditures, 2 Yr. CAGR %	-51.55	-57.56	68.66	44.21	-36.15
Levered Free Cash Flow, 2 Yr. CAGR %	44.07	103.87	20.79	3.03	9.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	224.67	1.07K	18.28	2.42	3.63
Dividend Per Share, 2 Yr. CAGR %	-	-	253.55	49.16	-11.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.86	14.5	8.33	6.34	-5.21
Gross Profit, 3 Yr. CAGR %	18.02	20.92	17.78	25.48	0.74
EBITDA, 3 Yr. CAGR %	16.15	31.91	24.18	35.4	0.72
EBITA, 3 Yr. CAGR %	65.33	73.32	40.74	78.8	0.77
EBIT, 3 Yr. CAGR %	65.33	73.32	40.74	78.8	0.77
Earnings From Cont. Operations, 3 Yr. CAGR %	-46	56.93	94.04	103.01	3.13
Net Income, 3 Yr. CAGR %	-46	56.93	94.04	103.01	3.13
Normalized Net Income, 3 Yr. CAGR %	-61.02	66.33	88.23	186.92	2.93
Diluted EPS Before Extra, 3 Yr. CAGR %	-46.04	56.7	93.72	102.87	3.06
Accounts Receivable, 3 Yr. CAGR %	10.71	12	8.95	6.04	-0.36
Inventory, 3 Yr. CAGR %	11.51	4.81	16.47	0.23	3.7
Net Property, Plant and Equip., 3 Yr. CAGR %	5.83	-1.75	-5.09	0.33	-0.86
Total Assets, 3 Yr. CAGR %	4.02	-0.16	-3.51	1.51	0.45
Tangible Book Value, 3 Yr. CAGR %	-2.97	8.15	11.51	19.23	12.5
Common Equity, 3 Yr. CAGR %	-2.97	8.15	11.51	19.23	12.5
Cash From Operations, 3 Yr. CAGR %	52.88	43.06	29.86	38.57	2.47
Capital Expenditures, 3 Yr. CAGR %	-41.28	-36.6	-22.14	31.19	2.22
Levered Free Cash Flow, 3 Yr. CAGR %	-5.43	75.4	43.04	30.05	-5.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	33.6	179.18	376.01	22.97	-5.36
Dividend Per Share, 3 Yr. CAGR %	-	-	-	161.1	7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.71	9.22	7.01	7.44	3.5
Gross Profit, 5 Yr. CAGR %	2.67	18.13	23.49	18.2	7.68
EBITDA, 5 Yr. CAGR %	-1.76	19.59	28.2	26.91	9.72
EBITA, 5 Yr. CAGR %	-9.04	41.92	84.37	53.93	15.81
EBIT, 5 Yr. CAGR %	-9.04	41.92	84.37	53.93	15.81
Earnings From Cont. Operations, 5 Yr. CAGR %	-19.79	9.34	-0.72	49.95	41.04
Net Income, 5 Yr. CAGR %	-19.79	9.34	-0.72	49.95	41.04
Normalized Net Income, 5 Yr. CAGR %	-32.45	4.22	0.78	55.76	37.47
Diluted EPS Before Extra, 5 Yr. CAGR %	-19.83	9.25	-0.8	49.79	40.87
Accounts Receivable, 5 Yr. CAGR %	7.8	10.43	6.4	8.93	6.82
Inventory, 5 Yr. CAGR %	16.67	9.54	7.31	6.39	7.87
Net Property, Plant and Equip., 5 Yr. CAGR %	5.52	3.37	2.19	0.22	-3.44
Total Assets, 5 Yr. CAGR %	1.95	0.09	1.6	1.44	-1.72
Tangible Book Value, 5 Yr. CAGR %	-5.26	-3.1	5.86	11.03	11.51
Common Equity, 5 Yr. CAGR %	-5.26	-3.1	5.86	11.03	11.51
Cash From Operations, 5 Yr. CAGR %	4.6	40.06	51.4	32.73	14.89
Capital Expenditures, 5 Yr. CAGR %	-8.2	-26.44	-10.45	-11.93	-28.08
Levered Free Cash Flow, 5 Yr. CAGR %	0.81	20.03	9.13	41.77	28.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.16	39.43	31.19	86.93	158.68
Dividend Per Share, 5 Yr. CAGR %	-8.22	35.6	-	-	-