ADNOC DRILLING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.28 AED | -0.70% |
|
+11.17% | +13.23% |
| May. 13 | Correction: Adnoc Drilling Bags $1.7 Billion Contract for Unconventional Oil & Gas Wells | MT |
| May. 13 | Adnoc Drilling Bags $1.7 Billion Contract for Unconventional Oil & Gas Wells | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 14,812 | 12,985 | 16,469 | 18,644 | - | - |
| Enterprise Value (EV) 1 | 15,899 | 14,199 | 18,297 | 20,658 | 20,145 | 19,866 |
| P/E ratio | 24.4 x | 16.2 x | 15.8 x | 16.8 x | 14.9 x | 13.9 x |
| Yield | 2.16% | - | - | 4.15% | 4.39% | 4.93% |
| Capitalization / Revenue | 6.53 x | 4.86 x | 5.39 x | 5.01 x | 4.57 x | 4.34 x |
| EV / Revenue | 7.01 x | 5.31 x | 5.99 x | 5.56 x | 4.93 x | 4.62 x |
| EV / EBITDA | 15.2 x | 11.5 x | 12.3 x | 11.5 x | 10.1 x | 9.53 x |
| EV / FCF | 26.7 x | 24.4 x | 62.5 x | 55.8 x | 13.7 x | 13.3 x |
| FCF Yield | 3.75% | 4.1% | 1.6% | 1.79% | 7.33% | 7.52% |
| Price to Book | 5.3 x | 4.43 x | 5.05 x | 5.15 x | 4.54 x | 4.04 x |
| Nbr of stocks (in thousands) | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | - | - |
| Reference price 2 | 0.9258 | 0.8115 | 1.029 | 1.173 | 1.173 | 1.173 |
| Announcement Date | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,098 | 2,269 | 2,673 | 3,057 | 3,718 | 4,082 | 4,297 |
| EBITDA 1 | - | 1,047 | 1,232 | 1,483 | 1,796 | 1,986 | 2,085 |
| EBIT 1 | - | 610.8 | 824.2 | 1,092 | 1,306 | 1,458 | 1,536 |
| Operating Margin | - | 26.92% | 30.84% | 35.71% | 35.12% | 35.73% | 35.76% |
| Earnings before Tax (EBT) 1 | - | 603.9 | 801.8 | 1,033 | 1,177 | 1,334 | 1,421 |
| Net income 1 | 569 | 604 | 802 | 1,033 | 1,140 | 1,276 | 1,353 |
| Net margin | 27.12% | 26.62% | 30% | 33.79% | 30.65% | 31.25% | 31.49% |
| EPS 2 | - | 0.0380 | 0.0500 | 0.0650 | 0.0697 | 0.0790 | 0.0844 |
| Free Cash Flow 1 | - | 596.4 | 582 | 292.8 | 370 | 1,476 | 1,494 |
| FCF margin | - | 26.28% | 21.77% | 9.58% | 9.95% | 36.15% | 34.76% |
| FCF Conversion (EBITDA) | - | 56.96% | 47.24% | 19.74% | 20.6% | 74.31% | 71.63% |
| FCF Conversion (Net income) | - | 98.74% | 72.57% | 28.35% | 32.47% | 115.66% | 110.4% |
| Dividend per Share 2 | - | 0.0200 | - | - | 0.0487 | 0.0515 | 0.0578 |
| Announcement Date | 9/27/21 | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 571 | 575 | 601.2 | 669 | 671 | 733 | 716.1 | 724 | 776.1 | 840.7 | 885.9 | 927.7 | 954.7 | 988.8 | 952.2 |
| EBITDA 1 | 285 | 262 | 279.8 | 300 | 299 | 353 | 333.2 | 344.2 | 380.8 | 424.7 | 436.6 | 444.4 | 465.6 | 475.6 | 483.1 |
| EBIT 1 | 178.4 | 147.6 | 178.7 | 203.9 | 196.2 | 242 | 230.7 | 241.3 | 270.4 | 349.3 | 329.9 | 326.4 | 350.4 | 366 | 342.2 |
| Operating Margin | 31.24% | 25.67% | 29.72% | 30.47% | 29.23% | 33.01% | 32.21% | 33.33% | 34.84% | 41.55% | 37.25% | 35.18% | 36.71% | 37.01% | 35.94% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | 302.2 | 311.3 | 308.9 | 338.8 | 316.5 |
| Net income 1 | - | 144 | 174.5 | 204 | 189 | 234 | 218.7 | 227.6 | 257.4 | 329.1 | 274.6 | 285.3 | 300.8 | 305.1 | 285.4 |
| Net margin | - | 25.04% | 29.02% | 30.49% | 28.17% | 31.92% | 30.54% | 31.44% | 33.16% | 39.15% | 31% | 30.75% | 31.5% | 30.86% | 29.98% |
| EPS 2 | - | - | - | 0.0130 | 0.0118 | 0.0150 | 0.0140 | - | 0.0161 | 0.0210 | 0.0170 | 0.0178 | 0.0188 | 0.0191 | 0.0178 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0246 | - |
| Announcement Date | 11/10/21 | 2/11/22 | 5/10/22 | 8/9/22 | 11/14/22 | 2/13/23 | 5/11/23 | 8/4/23 | 11/14/23 | 2/12/24 | 5/13/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,086 | 1,214 | 1,827 | 2,014 | 1,501 | 1,222 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.037 x | 0.9856 x | 1.232 x | 1.121 x | 0.756 x | 0.586 x |
| Free Cash Flow 1 | - | 596 | 582 | 293 | 370 | 1,476 | 1,494 |
| ROE (net income / shareholders' equity) | - | 20% | 28% | 33.3% | 33.5% | 32.4% | 31.4% |
| ROA (Net income/ Total Assets) | - | 11.4% | 15.1% | 16.9% | 16% | 16.6% | 17% |
| Assets 1 | - | 5,288 | 5,296 | 6,117 | 7,142 | 7,685 | 7,965 |
| Book Value Per Share 2 | - | 0.1700 | 0.1800 | 0.2000 | 0.2300 | 0.2600 | 0.2900 |
| Cash Flow per Share 2 | - | 0.0700 | 0.1000 | 0.0800 | 0.0900 | 0.1100 | 0.1300 |
| Capex 1 | - | 583 | 942 | 1,062 | 918 | 313 | 387 |
| Capex / Sales | - | 25.68% | 35.24% | 34.75% | 24.69% | 7.67% | 9.01% |
| Announcement Date | 9/27/21 | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
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
13
Last Close Price
1.165
USD
Average target price
1.291
USD
Spread / Average Target
+10.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.23% | 18.77B | |
| +9.02% | 9.4B | |
| -1.29% | 6.79B | |
| +11.56% | 5.5B | |
| -24.75% | 5.23B | |
| -5.21% | 4.95B | |
| +2.36% | 4.42B | |
| +17.53% | 3.93B | |
| +4.47% | 3.8B | |
| -27.43% | 3.37B |
- Stock Market
- Equities
- ADNOCDRILL Stock
- Financials ADNOC Drilling Company