Valuation: Global Rig Company ASA

Market Cap 1.82B 187M 163M 151M 139M 264M 17.81B 269M 1.8B 707M 8.75B 700M 685M 30.29B P/E 2026 *
11x
P/E 2027 * 7.69x
Enterprise Value 1.76B 181M 158M 146M 135M 256M 17.23B 260M 1.74B 684M 8.46B 678M 663M 29.31B EV / Sales 2026 *
1.56x
EV / Sales 2027 * 1.53x
Free-Float
41.36%
Yield 2026 *
11.2%
Yield 2027 * 14%
Manager TitleAgeSince
Chief Executive Officer 62 2016-12-31
Chief Operating Officer - 2014-10-31
Investor Relations Contact - 2022-07-31
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 2022-02-28
Director/Board Member 40 2023-05-31
Change 5-day change 1-year change 3-year change Capi.($)
0.00%+1.94%0.00%+58.20% 25.21B
-0.61%+0.78%-3.57%-24.53% 6.42B
-1.72%+1.58%+79.72%-33.51% 5.74B
+0.10%+2.17%+46.62% - 5.67B
-1.75%+1.30%+54.14%+14.59% 5.29B
+3.39%+7.02%-18.67%+12.96% 4.51B
-3.09%+8.55%+43.95%-27.75% 3.57B
-0.76%+4.63%+91.74%-9.56% 3.27B
-0.27%+0.11%+6.08%-44.52% 2.17B
Average -0.33%+3.08%+33.34%-6.76% 6.87B
Weighted average by Cap. -0.18%+2.55%+22.17%+18.26%

Financials

2026 *2027 *
Net sales 1.13B 116M 101M 93.47M 86.49M 164M 11.06B 167M 1.12B 439M 5.43B 435M 426M 18.81B 1.15B 118M 103M 95.05M 87.94M 167M 11.25B 170M 1.14B 446M 5.52B 442M 433M 19.13B
Net income 167M 17.13M 14.98M 13.82M 12.78M 24.27M 1.63B 24.67M 165M 64.87M 803M 64.3M 62.91M 2.78B 238M 24.46M 21.39M 19.73M 18.25M 34.65M 2.33B 35.23M 236M 92.62M 1.15B 91.81M 89.83M 3.97B
Net Debt -58.81M -6.05M -5.29M -4.88M -4.51M -8.56M -577M -8.71M -58.4M -22.89M -283M -22.7M -22.2M -982M -62.27M -6.4M -5.6M -5.16M -4.78M -9.07M -611M -9.22M -61.83M -24.24M -300M -24.03M -23.51M -1.04B
Logo Global Rig Company ASA
Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.
Employees
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Trader
Investor
Global
Quality
ESG MSCI
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