SHELF DRILLING, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.76 NOK | +0.11% |
|
-2.80% | -35.31% |
| Apr. 26 | Shelf Drilling (North Sea) Issues $315 Million of Bonds | MT |
| Apr. 10 | Shelf Drilling Lands Contract Extension with Equinor for Jack-up Rig Use at Gudrun Field | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 275.9 | 54.63 | 130.8 | 396.9 | 609.6 | 362.9 | - | - |
| Enterprise Value (EV) 1 | 1,174 | 1,005 | 130.8 | 396.9 | 609.6 | 1,488 | 1,415 | 1,258 |
| P/E ratio | -1.74 x | -0.2 x | -1.67 x | -12.5 x | -71.3 x | 7.13 x | 3.33 x | 1.93 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.48 x | 0.09 x | 0.25 x | 0.57 x | 0.67 x | 0.41 x | 0.36 x | 0.32 x |
| EV / Revenue | 2.04 x | 1.72 x | 0.25 x | 0.57 x | 0.67 x | 1.68 x | 1.4 x | 1.11 x |
| EV / EBITDA | 6.62 x | 5.02 x | 0.83 x | 1.6 x | 1.96 x | 4.86 x | 3.44 x | 2.78 x |
| EV / FCF | -11.3 x | -17.5 x | -2.11 x | - | - | 78.3 x | 19.5 x | 7.96 x |
| FCF Yield | -8.88% | -5.73% | -47.5% | - | - | 1.28% | 5.12% | 12.6% |
| Price to Book | 0.49 x | 0.19 x | - | - | - | 1.12 x | 0.82 x | 0.51 x |
| Nbr of stocks (in thousands) | 136,643 | 136,223 | 137,116 | 176,369 | 213,691 | 213,691 | - | - |
| Reference price 2 | 2.019 | 0.4010 | 0.9538 | 2.250 | 2.853 | 1.698 | 1.698 | 1.698 |
| Announcement Date | 3/2/20 | 3/3/21 | 2/28/22 | 3/19/23 | 3/4/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 576.2 | 585.2 | 526.6 | 695.2 | 908 | 887.7 | 1,009 | 1,129 |
| EBITDA 1 | 177.5 | 200.3 | 158.3 | 248.6 | 311.5 | 306.1 | 411.9 | 452 |
| EBIT 1 | 1.762 | 88.06 | 51.42 | 122.5 | 183.9 | 189.2 | 256.8 | 339 |
| Operating Margin | 0.31% | 15.05% | 9.76% | 17.62% | 20.25% | 21.31% | 25.46% | 30.03% |
| Earnings before Tax (EBT) 1 | -136.6 | -255.2 | - | 9.927 | 12.5 | 79.5 | 150.5 | 235.5 |
| Net income 1 | -149.5 | -274.9 | - | -28.8 | -7.6 | 51.5 | 109 | 188 |
| Net margin | -25.95% | -46.97% | - | -4.14% | -0.84% | 5.8% | 10.81% | 16.65% |
| EPS 2 | -1.160 | -2.020 | -0.5700 | -0.1800 | -0.0400 | 0.2381 | 0.5095 | 0.8800 |
| Free Cash Flow 1 | -104.3 | -57.6 | -62.09 | - | - | 19 | 72.5 | 158 |
| FCF margin | -18.1% | -9.84% | -11.79% | - | - | 2.14% | 7.19% | 13.99% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 6.21% | 17.6% | 34.96% |
| FCF Conversion (Net income) | - | - | - | - | - | 36.89% | 66.51% | 84.04% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/2/20 | 3/3/21 | 2/28/22 | 3/19/23 | 3/4/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 166.3 | 222.2 | 183.4 | 214.2 | 268.4 | 242 | 225 | 235.5 | 213 | 214 |
| EBITDA 1 | 103.8 | - | 65.85 | 75.53 | 27.4 | 72.7 | 114.8 | 88 | 86 | 89 | 69 | 61 |
| EBIT 1 | - | - | 29.05 | 45.81 | 7.6 | 45.5 | 78.8 | 52 | 48.5 | 58.5 | 38.5 | 44 |
| Operating Margin | - | - | 17.47% | 20.62% | 4.14% | 21.24% | 29.36% | 21.49% | 21.56% | 24.84% | 18.08% | 20.56% |
| Earnings before Tax (EBT) 1 | - | - | 3.324 | 12.07 | -25.7 | 8.1 | 44.9 | -14.8 | 20.5 | 31 | 11.5 | 16.5 |
| Net income 1 | - | -16.73 | -6.047 | -1.401 | -33.4 | 1.7 | 40.9 | -16.8 | 16 | 24 | 3.5 | 7.5 |
| Net margin | - | - | -3.64% | -0.63% | -18.21% | 0.79% | 15.24% | -6.94% | 7.11% | 10.19% | 1.64% | 3.5% |
| EPS 2 | - | -0.1200 | -0.0300 | - | -0.1800 | 0.0100 | 0.2000 | -0.0700 | 0.0700 | 0.0800 | -0.0100 | -0.0400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/13/20 | 8/11/22 | 11/10/22 | 3/19/23 | 5/15/23 | 8/9/23 | 11/9/23 | 3/4/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 898 | 951 | - | - | - | 1,125 | 1,053 | 895 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.061 x | 4.746 x | - | - | - | 3.676 x | 2.555 x | 1.98 x |
| Free Cash Flow 1 | -104 | -57.6 | -62.1 | - | - | 19 | 72.5 | 158 |
| ROE (net income / shareholders' equity) | -12.5% | - | - | - | - | 15.4% | 30.7% | 35.8% |
| ROA (Net income/ Total Assets) | -4.3% | - | - | - | - | 1.3% | 8.1% | 10.4% |
| Assets 1 | 3,478 | - | - | - | - | 3,962 | 1,346 | 1,808 |
| Book Value Per Share 2 | 4.110 | 2.120 | - | - | - | 1.520 | 2.070 | 3.300 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 91.4 | 112 | - | - | - | 131 | 122 | 131 |
| Capex / Sales | 15.86% | 19.11% | - | - | - | 14.76% | 12.09% | 11.6% |
| Announcement Date | 3/2/20 | 3/3/21 | 2/28/22 | 3/19/23 | 3/4/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.698
USD
Average target price
3.535
USD
Spread / Average Target
+108.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -35.31% | 362M | |
| +1.32% | 16.55B | |
| +1.63% | 9.27B | |
| -7.85% | 6.23B | |
| -16.75% | 5.77B | |
| -5.13% | 4.64B | |
| -15.43% | 4.32B | |
| -1.85% | 4.23B | |
| +11.34% | 3.87B | |
| +4.45% | 3.77B |
- Stock Market
- Equities
- SHLF Stock
- Financials Shelf Drilling, Ltd.
