Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SEA1.OL
STRONG BUYAPPROVEGet insider-trade alertsSea1 Offshore Inc. · Energy · Norway · $378M · Avg Vol: $364K/d
Sea1 Offshore (formerly Siem Offshore) operates a high-spec fleet of offshore support vessels (OSVs) and subsea construction vessels. A decade of underinvestment in offshore oil and gas, combined with heightened geopolitical energy security concerns, has created a severe shortage of high-end vessels. Day rates and utilization are rising rapidly, creating massive operating leverage and cash flow generation that the market has not fully priced into this asset-heavy but structurally supply-constrained sector.
COMPANY DESCRIPTION
Sea1 Offshore Inc. owns and operates a modern, environmentally friendly fleet of offshore support vessels, including subsea construction, AHTS, and PSV vessels. The company serves the global offshore oil and gas and offshore wind industries, focusing on deep-water and harsh-environment operations. Its competitive advantage lies in its high-specification fleet, strong safety record, and long-term contract coverage with major international energy companies.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 274.3M | 336.0M | 340.8M | 271.5M | -0.3% |
| EPS | 0.13 | 0.73 | 0.88 | 0.74 | 78.6% |
| Shares | 238.9M | 238.9M | 153.5M | 153.9M | -35.5% |
| Debt | 591.6M | 481.9M | 351.0M | 299.5M | -20.3% |
| Equity | 363.1M | 534.3M | 406.0M | 430.9M | 5.9% |
| Op CF | 84.2M | 137.6M | 131.1M | 128.1M | 15.0% |
| Inv CF | -24.1M | -24.9M | 62.4M | 27.9M | — |
| Fin CF | -55.1M | -110.9M | -222.3M | -138.3M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of SEA1.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SEA1.OL | Sea1 Offshore Inc.(you) | $378M | 97 | STRONG BUY |
| NORAM.OL | NorAm Drilling AS | $172M | 91 | STRONG BUY |
| MORLD.OL | Moreld ASA | $341M | 74 | BUY |
| JACK.OL | Jacktel AS | $109M | 94 | STRONG BUY |
| AKSO.OL | Aker Solutions ASA | $2.2B | 100 | STRONG BUY |
| TGS.OL | TGS ASA | $2.6B | 96 | STRONG BUY |
| AKAST.OL | Akastor ASA | $363M | 51 | HOLD |
| PRS.OL | Prosafe SE | $154M | 56 | HOLD |
| REACH.OL | Reach Subsea ASA | $165M | 28 | SELL |
| EIOF.OL | Eidesvik Offshore ASA | $110M | 29 | SELL |
Peer medians: ROE 5.4% · P/E 14.1x · Gross margin 61.5%