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Last 55.50 NOK
Change Today -0.50 / -0.89%
Volume 37.4K
As of 10:25 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

ocean yield asa (OCY) Snapshot

Open
56.00 NOK
Previous Close
56.00 NOK
Day High
56.00 NOK
Day Low
55.50 NOK
52 Week High
04/21/15 - 59.50 NOK
52 Week Low
12/16/14 - 37.00 NOK
Market Cap
7.5B
Average Volume 10 Days
109.7K
EPS TTM
5.04 NOK
Shares Outstanding
134.6M
EX-Date
05/8/15
P/E TM
11.0x
Dividend
0.57 NOK
Dividend Yield
7.09%
Current Stock Chart for OCEAN YIELD ASA (OCY)

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ocean yield asa (OCY) Details

Ocean Yield AS, a ship owning company, invests in vessels within oil-service and industrial shipping areas in Norway. The company operates through FPSO, Other Oil Service, Gas Carriers, Car Carriers, and Other segments. Its fleet of vessels comprises anchor handling tug supply vessels; ultra-deepwater multi-purpose, flex-lay subsea construction vessels; multi-purpose construction vessels; pure car and truck carriers; ethylene gas carriers; offshore construction and diving support vessels; and floating production storage and offloading vessels. The company was founded in 2012 and is headquartered in Oslo, Norway. Ocean Yield AS is a subsidiary of Aker ASA.

18 Employees
Last Reported Date: 03/27/15
Founded in 2012

ocean yield asa (OCY) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: $2.7M
Chief Financial Officer
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

ocean yield asa (OCY) Key Developments

Ocean Yield AS Declares Quarterly Dividend for 2015, Payable on May 20, 2015; Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

The Board of Directors of Ocean Yield AS has declared a quarterly dividend payment of $0.1475 per share. This is in line with the Company's strategy to pay attractive and increasing dividends to its shareholders. The dividend of $0.1475 per share is on an annualized basis equal to $0.59 per share. The dividend will be paid on or about 20 May 2015 to shareholders as of 7 May 2015 registered with the Norwegian Central Securities Depository as of 11 May 2015. The ex-dividend date will be 8 May 2015. The company reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $62.6 million compared with $59.7 million for the same period last year. EBITDA was $55.2 million compared with $53.2 million for the same period last year. Operating profit was $31.0 million compared with $29.9 million for the same period last year. Net profit before tax was $28.2 million compared with $32.1 million for the same period last year. Net profit after tax was $28.1 million or $0.21 basic and diluted per share compared with $28.6 million or $0.21 basic and diluted per share for the same period last year. Net cash flow from operating activities was $34.4 million compared with $42.6 million for the same period last year. Acquisition of property, plant and equipment was $0.8 million compared with $1.0 million for the same period last year. The increase in revenues relates to delivery of further vessels to the fleet, including the SBM Installer which was delivered in December 2014 and hence had full contribution in the quarter.

Ocean Yield ASA Signs New Revolving Credit Facility of USD 220 Million

Ocean Yield ASA has signed a new revolving credit facility of USD 220 million with maturity in 2021 with a group of banks for the long-term financing of the vessel Aker Wayfarer. The vessel is on bareboat charter to AKOFS Wayfarer AS until 2027, and the charter is fully guaranteed by Akastor ASA. The current outstanding loan relating to the vessel is approximately USD 107 million. The new credit facility will in addition to refinance the existing loan provide 100% financing of the USD 90 million modification, and the remaining USD 23 million will be used for general corporate purposes.

Ocean Yield AS Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Ocean Yield AS announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's operating revenues were USD 62.1 million compared with USD 60.6 million a year ago. The revenues were negatively affected by the shutdown of the FPSO during the cyclone Hud-Hud and as a result of reclassification of the Aker Wayfarer from operating lease to finance lease. EBITDA was USD 53.9 million compared with USD 52.7 million a year ago. Operating profit was USD 27.1 million compared with USD 25.9 million a year ago. Net profit before tax was USD 29.0 million compared with USD 22.4 million a year ago. Net profit after tax was USD 30.5 million or USD 0.23 per basic and diluted share compared with USD 26.5 million or USD 0.20 per basic and diluted share a year ago. Net cash flow from operating activities was USD 42.7 million compared with USD 44.0 million a year ago. Acquisition of property, plant and equipment was USD 172.9 million compared with USD 9.1 million a year ago. For the year, the company's operating revenues were USD 249.3 million compared with USD 239.0 million a year ago. The increase in revenue comes as a result of delivery of additional vessels to the fleet. EBITDA was USD 216.7 million compared with USD 207.7 million a year ago. Operating profit was USD 116.4 million compared with USD 106.1 million a year ago. Net profit before tax was USD 103.6 million compared with USD 80.2 million a year ago. Net profit after tax was USD 100.8 million or USD 0.75 per basic and diluted share compared with USD 82.7 million or USD 0.71 per basic and diluted share a year ago. Net cash flow from operating activities was USD 183.3 million compared with USD 156.5 million a year ago. Acquisition of property, plant and equipment was USD 367.8 million compared with USD 255.5 million a year ago.

 

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OCY

Industry Average

Valuation OCY Industry Range
Price/Earnings 9.6x
Price/Sales 3.8x
Price/Book 1.4x
Price/Cash Flow 4.9x
TEV/Sales NM Not Meaningful
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