SHELF DRILLING (NORTH SEA), LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29 USD | 0.00% |
|
+3.20% | -4.29% |
| 05-16 | Transcript : Shelf Drilling (North Sea), Ltd., Shelf Drilling, Ltd., Q1 2024 Earnings Call, May 16, 2024 | |
| 04-26 | Shelf Drilling (North Sea) Issues $315 Million of Bonds | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 236.8 | 298.1 | 271 | - | - |
| Enterprise Value (EV) 2 | 423.1 | 298.1 | 533.9 | 499 | 454 |
| P/E ratio | 6.04 x | -12 x | -8.17 x | 7.78 x | 6.34 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 4.85 x | 2.18 x | 1.57 x | 1.07 x | 1.02 x |
| EV / Revenue | 8.67 x | 2.18 x | 3.09 x | 1.97 x | 1.71 x |
| EV / EBITDA | 25.1 x | 29.5 x | 26.7 x | 5.58 x | 4.78 x |
| EV / FCF | -1.12 x | - | -9.05 x | 14.3 x | 10.1 x |
| FCF Yield | -89% | - | -11.1% | 7.01% | 9.91% |
| Price to Book | 1.06 x | - | 1.8 x | 1.46 x | - |
| Nbr of stocks (in thousands) | 100,000 | 100,000 | 100,000 | - | - |
| Reference price 3 | 23.20 | 30.30 | 29.00 | 29.00 | 29.00 |
| Announcement Date | 19/03/23 | 04/03/24 | - | - | - |
1NOK in Million2USD in Million3NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | 48.79 | 137 | 172.5 | 253.6 | 266 |
| EBITDA 1 | 16.88 | 10.1 | 20.02 | 89.49 | 95 |
| EBIT 1 | 12.72 | 5.7 | -1.558 | 67.56 | 74 |
| Operating Margin | 26.07% | 4.16% | -0.9% | 26.64% | 27.82% |
| Earnings before Tax (EBT) 1 | 10.44 | -23.4 | -29.1 | 39.25 | 48 |
| Net income 1 | 9.291 | -24 | -32.55 | 34.18 | 42 |
| Net margin | 19.04% | -17.52% | -18.87% | 13.48% | 15.79% |
| EPS 2 | 3.844 | -2.532 | -3.550 | 3.727 | 4.571 |
| Free Cash Flow 1 | -376.4 | - | -59 | 35 | 45 |
| FCF margin | -771.46% | - | -34.2% | 13.8% | 16.92% |
| FCF Conversion (EBITDA) | - | - | - | 39.11% | 47.37% |
| FCF Conversion (Net income) | - | - | - | 102.4% | 107.14% |
| Dividend per Share 2 | - | - | - | - | - |
| Announcement Date | 19/03/23 | 04/03/24 | - | - | - |
1USD in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 48.79 | 36.8 | 33.5 | 36.3 | 30.4 | 30.9 | 39 | 51 | 58 |
| EBITDA 1 | - | 16.97 | 6.7 | 5 | 1.4 | -3 | -11.3 | 2 | 12 | 20 |
| EBIT 1 | - | - | 2.4 | 3.3 | 0.6 | -3.6 | -13.3 | -4 | 7 | 14 |
| Operating Margin | - | - | 6.52% | 9.85% | 1.65% | -11.84% | -43.04% | -10.26% | 13.73% | 24.14% |
| Earnings before Tax (EBT) 1 | - | - | -1.9 | -4.1 | -6.1 | -11.3 | -20 | -10 | -1 | 7 |
| Net income 1 | -1.474 | 11.3 | -2.4 | -4.4 | -6.1 | -11.1 | -20.4 | -11 | -2 | 6 |
| Net margin | - | 23.16% | -6.52% | -13.13% | -16.8% | -36.51% | -66.02% | -28.21% | -3.92% | 10.34% |
| EPS 2 | - | - | -0.2125 | -0.4120 | -0.6676 | -1.161 | -2.140 | -1.200 | -0.2180 | 0.6540 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/22 | 19/03/23 | 15/05/23 | 09/08/23 | 09/11/23 | 04/03/24 | 15/05/24 | - | - | - |
1USD in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | 186 | - | 263 | 228 | 183 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.04 x | - | 13.13 x | 2.548 x | 1.926 x |
| Free Cash Flow 1 | -376 | - | -59 | 35 | 45 |
| ROE (net income / shareholders' equity) | - | - | -19.8% | 20.7% | 20.8% |
| ROA (Net income/ Total Assets) | - | - | -6.8% | 6.7% | 8.1% |
| Assets 1 | - | - | 478.7 | 510.2 | 518.5 |
| Book Value Per Share 2 | 21.80 | - | 16.10 | 19.90 | - |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | 377 | - | 40 | 20 | 20 |
| Capex / Sales | 772.16% | - | 23.19% | 7.89% | 7.52% |
| Announcement Date | 19/03/23 | 04/03/24 | - | - | - |
1USD in Million2NOK
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
1
Last Close Price
29
NOK
Average target price
45
NOK
Spread / Average Target
+55.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.29% | 271M | |
| +13.76% | 18.51B | |
| +8.40% | 9.83B | |
| -0.93% | 6.86B | |
| +12.88% | 5.59B | |
| -25.83% | 5.24B | |
| -2.60% | 5.11B | |
| +6.71% | 4.66B | |
| +13.40% | 4.02B | |
| +7.10% | 3.82B |
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- Financials Shelf Drilling (North Sea), Ltd.
