VALARIS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 73.6 USD | +2.36% |
|
+14.89% | +7.34% |
| May. 02 | Transcript : Valaris Limited, Q1 2024 Earnings Call, May 02, 2024 | |
| May. 02 | Valaris Q1 Earnings Fall, Revenue Rises | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,700 | 5,084 | 4,998 | 5,206 | - | - |
| Enterprise Value (EV) 1 | 2,637 | 4,877 | 5,442 | 5,885 | 5,611 | 4,880 |
| P/E ratio | -1.58 x | 29 x | 5.87 x | 16 x | 7.39 x | 5.09 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.19 x | 3.17 x | 2.8 x | 2.23 x | 1.84 x | 1.59 x |
| EV / Revenue | 2.14 x | 3.04 x | 3.05 x | 2.52 x | 1.98 x | 1.49 x |
| EV / EBITDA | 34.2 x | 37.9 x | 38.5 x | 11.3 x | 5.65 x | 3.79 x |
| EV / FCF | -21.1 x | -61.4 x | -12.7 x | -49 x | 12.6 x | 7.31 x |
| FCF Yield | -4.74% | -1.63% | -7.88% | -2.04% | 7.93% | 13.7% |
| Price to Book | 2.55 x | 3.94 x | 2.5 x | 2.26 x | 1.83 x | 1.29 x |
| Nbr of stocks (in thousands) | 75,000 | 75,179 | 72,895 | 72,411 | - | - |
| Reference price 2 | 36.00 | 67.62 | 68.57 | 71.90 | 71.90 | 71.90 |
| Announcement Date | 2/22/22 | 2/21/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,053 | 1,427 | 1,232 | 1,602 | 1,784 | 2,339 | 2,834 | 3,264 |
| EBITDA 1 | 151.7 | -121.7 | 77 | 128.7 | 141.3 | 520.5 | 992.8 | 1,289 |
| EBIT 1 | -439.9 | -668.7 | -148.7 | 37.5 | 53.5 | 405.6 | 846.6 | 1,144 |
| Operating Margin | -21.43% | -46.85% | -12.07% | 2.34% | 3% | 17.34% | 29.87% | 35.04% |
| Earnings before Tax (EBT) 1 | -63.8 | -5,117 | -4,439 | 224.9 | 84.2 | 415.8 | 843.2 | 1,166 |
| Net income 1 | -198 | -4,856 | -4,500 | 176.5 | 865.4 | 325.3 | 708.1 | 1,030 |
| Net margin | -9.64% | -340.21% | -365.14% | 11.01% | 48.5% | 13.91% | 24.98% | 31.56% |
| EPS 2 | - | - | -22.82 | 2.330 | 11.69 | 4.493 | 9.733 | 14.13 |
| Free Cash Flow 1 | -503.9 | -345.5 | -124.9 | -79.5 | -428.6 | -120 | 445 | 668 |
| FCF margin | -24.54% | -24.21% | -10.13% | -4.96% | -24.02% | -5.13% | 15.7% | 20.46% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 44.82% | 51.81% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 62.85% | 64.84% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/21/20 | 3/2/21 | 2/22/22 | 2/21/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 305.5 | 318.4 | 413.3 | 437.2 | 433.6 | 430.1 | 415.2 | 455.1 | 483.8 | 525 | 572.7 | 601.9 | 630.9 | 637.7 | 685.9 |
| EBITDA 1 | 2.5 | -30.9 | 29.3 | 76 | 54.3 | 24.3 | 15.3 | 40 | 57.5 | 53.7 | 103.2 | 165 | 193.7 | 193.4 | 238.5 |
| EBIT 1 | -22.6 | -48.9 | 18.9 | 53.4 | 30.5 | 8.5 | -9.9 | 16.6 | 38.3 | 29.3 | 68.48 | 141.9 | 169.3 | 158.4 | 200.1 |
| Operating Margin | -7.4% | -15.36% | 4.57% | 12.21% | 7.03% | 1.98% | -2.38% | 3.65% | 7.92% | 5.58% | 11.96% | 23.57% | 26.84% | 24.83% | 29.18% |
| Earnings before Tax (EBT) 1 | -3.3 | -40.5 | 133 | 91.5 | 40.9 | 21 | -2.8 | 27.7 | 38.3 | 38.4 | 66.55 | 124.9 | 156.4 | 153.1 | 194.3 |
| Net income 1 | 27.7 | -38.6 | 111.6 | 74.3 | 29.2 | 46.7 | -29.4 | 12.9 | 835.2 | 25.5 | 48.22 | 109 | 136.9 | 127 | 163.6 |
| Net margin | 9.07% | -12.12% | 27% | 16.99% | 6.73% | 10.86% | -7.08% | 2.83% | 172.63% | 4.86% | 8.42% | 18.1% | 21.7% | 19.91% | 23.85% |
| EPS 2 | 0.3700 | -0.5100 | 1.480 | 0.9800 | 0.3800 | 0.6100 | -0.3900 | 0.1700 | 11.30 | 0.3500 | 0.6747 | 1.528 | 1.865 | 1.709 | 2.228 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/22/22 | 5/3/22 | 8/2/22 | 11/1/22 | 2/21/23 | 5/2/23 | 8/2/23 | 11/7/23 | 2/22/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,951 | - | - | - | 444 | 679 | 405 | - |
| Net Cash position 1 | - | 326 | 63.4 | 206 | - | - | - | 327 |
| Leverage (Debt/EBITDA) | 39.23 x | - | - | - | 3.139 x | 1.304 x | 0.4075 x | - |
| Free Cash Flow 1 | -504 | -346 | -125 | -79.5 | -429 | -120 | 445 | 668 |
| ROE (net income / shareholders' equity) | -11.4% | - | -425% | 14.9% | 52.8% | 14.8% | 28.2% | 29.7% |
| ROA (Net income/ Total Assets) | -6.42% | -32.6% | -58.1% | 6.46% | 24.1% | 3.6% | 11.3% | 14.6% |
| Assets 1 | 3,084 | 14,903 | 7,741 | 2,732 | 3,591 | 9,037 | 6,266 | 7,056 |
| Book Value Per Share 2 | - | - | 14.10 | 17.20 | 27.50 | 31.80 | 39.20 | 55.90 |
| Cash Flow per Share | - | - | - | 1.680 | - | - | - | - |
| Capex 1 | 227 | 93.8 | 58.9 | 207 | 696 | 441 | 344 | 397 |
| Capex / Sales | 11.06% | 6.57% | 4.78% | 12.92% | 39.01% | 18.84% | 12.15% | 12.15% |
| Announcement Date | 2/21/20 | 3/2/21 | 2/22/22 | 2/21/23 | 2/22/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
71.9
USD
Average target price
96.9
USD
Spread / Average Target
+34.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.86% | 5.21B | |
| +1.06% | 16.68B | |
| +6.14% | 9.33B | |
| -5.96% | 6.52B | |
| -19.67% | 5.63B | |
| -9.92% | 4.69B | |
| +1.85% | 4.44B | |
| +7.22% | 3.96B | |
| +6.54% | 3.81B | |
| -19.90% | 3.63B |
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