SHELF DRILLING, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.34 NOK | -0.68% |
|
+3.14% | -29.86% |
| May. 15 | Shelf Drilling, Ltd. Elects David Mullen as Executive Chair, Effective August 14, 2024 | CI |
| May. 15 | Shelf Drilling, Ltd. Announces CEO Changes, Effective August 14, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 275.9 | 54.63 | 130.8 | 396.9 | 609.6 | 406.1 | - | - |
| Enterprise Value (EV) 1 | 1,174 | 1,005 | 130.8 | 396.9 | 609.6 | 1,538 | 1,465 | 1,308 |
| P/E ratio | -1.74 x | -0.2 x | -1.67 x | -12.5 x | -71.3 x | 9.15 x | 3.74 x | 2.17 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.48 x | 0.09 x | 0.25 x | 0.57 x | 0.67 x | 0.46 x | 0.4 x | 0.36 x |
| EV / Revenue | 2.04 x | 1.72 x | 0.25 x | 0.57 x | 0.67 x | 1.75 x | 1.45 x | 1.16 x |
| EV / EBITDA | 6.62 x | 5.02 x | 0.83 x | 1.6 x | 1.96 x | 5.25 x | 3.56 x | 2.89 x |
| EV / FCF | -11.3 x | -17.5 x | -2.11 x | - | - | 123 x | 20.2 x | 8.31 x |
| FCF Yield | -8.88% | -5.73% | -47.5% | - | - | 0.81% | 4.95% | 12% |
| Price to Book | 0.49 x | 0.19 x | - | - | - | 1.28 x | 0.93 x | 0.58 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 | 1.901 | 1.901 | 1.901 |
| 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 | 880.5 | 1,009 | 1,129 |
| EBITDA 1 | 177.5 | 200.3 | 158.3 | 248.6 | 311.5 | 292.8 | 411.9 | 452 |
| EBIT 1 | 1.762 | 88.06 | 51.42 | 122.5 | 183.9 | 182.5 | 256.8 | 339 |
| Operating Margin | 0.31% | 15.05% | 9.76% | 17.62% | 20.25% | 20.73% | 25.46% | 30.03% |
| Earnings before Tax (EBT) 1 | -136.6 | -255.2 | - | 9.927 | 12.5 | 72.5 | 150.5 | 235 |
| Net income 1 | -149.5 | -274.9 | - | -28.8 | -7.6 | 45 | 108.5 | 187.5 |
| Net margin | -25.95% | -46.97% | - | -4.14% | -0.84% | 5.11% | 10.76% | 16.61% |
| EPS 2 | -1.160 | -2.020 | -0.5700 | -0.1800 | -0.0400 | 0.2077 | 0.5083 | 0.8750 |
| Free Cash Flow 1 | -104.3 | -57.6 | -62.09 | - | - | 12.5 | 72.5 | 157.5 |
| FCF margin | -18.1% | -9.84% | -11.79% | - | - | 1.42% | 7.19% | 13.95% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 4.27% | 17.6% | 34.85% |
| FCF Conversion (Net income) | - | - | - | - | - | 27.78% | 66.82% | 84% |
| 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 | 254.7 | 228.5 | 213 | 214 |
| EBITDA 1 | 103.8 | - | 65.85 | 75.53 | 27.4 | 72.7 | 114.8 | 88 | 80 | 76 | 69 | 61 |
| EBIT 1 | - | - | 29.05 | 45.81 | 7.6 | 45.5 | 78.8 | 52 | 45.3 | 51.5 | 38.5 | 44 |
| Operating Margin | - | - | 17.47% | 20.62% | 4.14% | 21.24% | 29.36% | 21.49% | 17.79% | 22.54% | 18.08% | 20.56% |
| Earnings before Tax (EBT) 1 | - | - | 3.324 | 12.07 | -25.7 | 8.1 | 44.9 | -14.8 | 5.2 | 24.5 | 11.5 | 16.5 |
| Net income 1 | - | -16.73 | -6.047 | -1.401 | -33.4 | 1.7 | 40.9 | -16.8 | 4.4 | 18 | 3.5 | 7.5 |
| Net margin | - | - | -3.64% | -0.63% | -18.21% | 0.79% | 15.24% | -6.94% | 1.73% | 7.88% | 1.64% | 3.5% |
| EPS 2 | - | -0.1200 | -0.0300 | - | -0.1800 | 0.0100 | 0.2000 | -0.0700 | 0.0200 | 0.0200 | -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 | 5/15/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 898 | 951 | - | - | - | 1,132 | 1,059 | 902 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.061 x | 4.746 x | - | - | - | 3.865 x | 2.571 x | 1.996 x |
| Free Cash Flow 1 | -104 | -57.6 | -62.1 | - | - | 12.5 | 72.5 | 158 |
| ROE (net income / shareholders' equity) | -12.5% | - | - | - | - | 12.7% | 31.6% | 36.3% |
| ROA (Net income/ Total Assets) | -4.3% | - | - | - | - | 0.5% | 8.1% | 10.5% |
| Assets 1 | 3,478 | - | - | - | - | 9,000 | 1,340 | 1,786 |
| Book Value Per Share 2 | 4.110 | 2.120 | - | - | - | 1.490 | 2.030 | 3.300 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 91.4 | 112 | - | - | - | 131 | 122 | 131 |
| Capex / Sales | 15.86% | 19.11% | - | - | - | 14.88% | 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
1.901
USD
Average target price
3.624
USD
Spread / Average Target
+90.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -29.86% | 406M | |
| +11.90% | 18.64B | |
| +8.40% | 9.43B | |
| -1.29% | 6.81B | |
| +11.65% | 5.54B | |
| -24.75% | 5.27B | |
| -5.51% | 4.92B | |
| +2.41% | 4.44B | |
| +19.59% | 3.91B | |
| +5.47% | 3.77B |
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- Financials Shelf Drilling, Ltd.