Stock NORAM NORAM DRILLING COMPANY AS
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Financials NorAm Drilling Company AS Norwegian OTC

Equities

NORAM

NO0010360019

Oil & Gas Drilling

End-of-day quote Norwegian OTC
Other stock markets
 06:00:00 2022-10-06 pm EDT 		5-day change 1st Jan Change
43.9 NOK +9.75% Intraday chart for NorAm Drilling Company AS +9.75% +387.78%
Apr. 10 Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024 CI
Mar. 07 Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024 CI

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 233.9 210.5 2,446 1,734 1,734 -
Enterprise Value (EV) 1 233.9 210.5 2,312 1,641 1,603 1,603
P/E ratio -2.09 x -1.16 x 16.8 x 9.07 x 15.9 x 6.41 x
Yield - - - 26.1% 14.6% 26.7%
Capitalization / Revenue - - 2.51 x 1.42 x 1.64 x 1.29 x
EV / Revenue - - 2.37 x 1.32 x 1.51 x 1.19 x
EV / EBITDA - - 8.66 x 3.78 x 5.83 x 3.11 x
EV / FCF - - 17.8 x 3.76 x 4.94 x 2.85 x
FCF Yield - - 5.61% 26.6% 20.2% 35.1%
Price to Book - - - 2.18 x 2.62 x 3.46 x
Nbr of stocks (in thousands) 23,392 23,392 43,141 43,141 43,141 -
Reference price 2 10.00 9.000 56.70 40.20 40.20 40.20
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - - 976.5 1,244 1,060 1,345
EBITDA 1 - - 267 434.2 275.1 515.1
EBIT 1 - - 70.43 232.8 74.17 312.5
Operating Margin - - 7.21% 18.72% 7% 23.24%
Earnings before Tax (EBT) 1 - - 30.8 236.6 78.04 315.1
Net income 1 -112.8 -181 30.47 198.9 110.2 271.9
Net margin - - 3.12% 15.99% 10.4% 20.22%
EPS 2 -4.785 -7.784 3.376 4.521 2.531 6.271
Free Cash Flow 1 - - 129.8 436.7 324.5 562.5
FCF margin - - 13.29% 35.12% 30.62% 41.83%
FCF Conversion (EBITDA) - - 48.61% 100.58% 117.94% 109.21%
FCF Conversion (Net income) - - 426.02% 219.56% 294.46% 206.91%
Dividend per Share 2 - - - 10.48 5.856 10.74
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 215.6 273.1 302.2 357.6 371.6 290.5 253.2 263.8 223.5 251.9 278
EBITDA 1 - 87.48 120.7 164.1 153 75.34 56.9 71.69 35.54 59.69 83
EBIT 1 - 38.11 68.13 109.6 101.7 22.29 5.426 20.81 -15.62 8.539 32.3
Operating Margin - 13.96% 22.54% 30.66% 27.35% 7.67% 2.14% 7.89% -6.99% 3.39% 11.62%
Earnings before Tax (EBT) 1 - 20.01 83.93 109.1 103.2 22.32 8.145 20.75 -15.68 8.471 32.06
Net income 1 -34.4 15.81 95.15 104.8 101.1 22.32 -23.35 - - - -
Net margin -15.96% 5.79% 31.49% 29.31% 27.2% 7.68% -9.22% - - - -
EPS 2 -3.291 0.7204 0.7161 2.407 2.338 0.5460 -0.5257 - - - -
Dividend per Share 2 - - - - 3.500 - 1.570 1.746 0.6330 1.180 1.721
Announcement Date 7/30/22 11/21/22 2/20/23 5/23/23 8/22/23 11/14/23 2/22/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 - - 134 128 131 132
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 130 437 325 562
ROE (net income / shareholders' equity) - - 4.31% 23.8% 14.2% 47.3%
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 - - - 18.80 15.30 11.60
Cash Flow per Share - - - - - -
Capex 1 - - 34.4 52.4 32.5 32.5
Capex / Sales - - 3.52% 4.21% 3.06% 2.41%
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NorAm Drilling Company AS

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
40.2 NOK
Average target price
56 NOK
Spread / Average Target
+39.30%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Oil & Gas Drilling
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