Solstad Maritime ASA

Solstad Maritime ASA maintains a conservative capital structure characterized by a debt-to-equity ratio of 0.0, indicating no reported leverage in the latest snapshot. The balance sheet shows total assets of 6,406,732,000 NOK against total liabilities of 113,733,000 NOK, resulting in total equity of 6,292,999,000 NOK. This strong equity base supports a return on equity of 0.0371 and a return on assets of 0.0365. The market price stands at 27.4, reflecting the current valuation of this asset-heavy, low-leverage profile.

Profitability metrics indicate modest returns, with ROE at 3.71% and ROA at 3.65%. The financial snapshot reports negative revenue of -5,062,000 NOK and negative operating income of the same amount, alongside a net income loss of -54,745,000 NOK. These figures suggest a period of significant operational adjustment or non-recurring charges impacting the bottom line, as the net loss substantially exceeds the operating deficit. Without cohort median data for direct comparison, these returns must be viewed in the context of the company's specific operational cycle and the broader energy services sector volatility.

Segment and geographic revenue mix data is not available in the current input, preventing a detailed analysis of revenue concentration or regional exposure. The absence of this data limits the ability to assess diversification benefits or specific market dependencies within the Energy Equipment & Services industry.

Growth trajectory analysis is constrained by the lack of historical period data in the input. The current financial snapshot shows negative revenue, which may indicate a transitional phase, but without 5-year annual or 8-quarter quarterly trends, the direction and sustainability of revenue growth cannot be determined from the provided information.

Risk assessment indicates that liquidity and dilution risks are currently unknown. Key flags note that risk could not be fully assessed due to the absence of comprehensive financial snapshots, source documents, or observations for this run. The lack of debt mitigates credit risk, but the unknown liquidity status warrants caution regarding short-term operational funding.

Recent events highlight a pre-earnings window for H1 2026, with a report date of 2026-07-15. Analyst sentiment is moderately positive, with a mean recommendation of 2.00 (on a scale where 1 is strong buy). The mean price target is 30.00 USD, with a median of 29.50 USD, a high of 32.00 USD, and a low of 29.00 USD. There are 2 strong-buy ratings, 1 buy rating, and 2 hold ratings, suggesting cautious optimism ahead of the upcoming earnings release.

Solstad Maritime maintains a strong balance sheet with a low debt-to-equity ratio of 0.0181 as of late 2024.

Analysts assign a mean price target of NOK 29.50, implying a 7.7% upside from the current market price.

The company generated NOK 143.5 million in free cash flow during the 2026 fiscal year period.

The firm holds a current ratio of 1.82, indicating sufficient short-term liquidity to cover immediate obligations.

The company carries a medium credit risk flag, suggesting potential concerns regarding its financial stability or obligations.

Revenue kr 180.0M, +24,1% YoY; Operating income +35,7% YoY.

• ▍Revenue kr 180.0M, +24,1% YoY
• ▍Operating income +35,7% YoY
• ▍Net income +45,8% YoY
• ▍Free cash flow +43,5% YoY
• ▍Net margin 38.9%

Revenue kr 138.3M, −1,1% YoY; Operating income −48,4% YoY.

• ▍Revenue kr 138.3M, −1,1% YoY
• ▍Operating income −48,4% YoY
• ▍Net income −14,3% YoY
• ▍Free cash flow −26,1% YoY
• ▍Net margin 64.3%

Revenue kr 145.0M, −4,6% YoY; Operating income −35,8% YoY.

• ▍Revenue kr 145.0M, −4,6% YoY
• ▍Operating income −35,8% YoY
• ▍Net income −35,4% YoY
• ▍Free cash flow −45,4% YoY
• ▍Net margin 21.4%

Revenue kr 151.9M, +9,1% YoY; Operating income −15,4% YoY.

• ▍Revenue kr 151.9M, +9,1% YoY
• ▍Operating income −15,4% YoY
• ▍Net income +55,7% YoY
• ▍Free cash flow +19,5% YoY
• ▍Net margin 28.8%

Revenue kr 580.3M, +5,2% YoY; Operating income −22,5% YoY.

• ▍Revenue kr 580.3M, +5,2% YoY
• ▍Operating income −22,5% YoY
• ▍Net income −11,6% YoY
• ▍Free cash flow −51,6% YoY
• ▍Net margin 36.7%