Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Philly Shipyard ASA is a commercial shipbuilding company specializing in the construction and maintenance of vessels for the U.S. Jones Act market and various government entities. The firm possesses its own shipbuilding facility, where it fabricates a range of ocean-going merchant ships, such as containerships, product tankers, and aframax tankers. Founded in 1997 and based in Oslo, Norway, the company adopted its current name, Philly Shipyard ASA, in November 2015, having previously been known as Aker Philadelphia Shipyard ASA. It operates as a subsidiary under Aker Capital ASA.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E.