Company Valuation: NorAm Drilling

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 210.5 2,446 1,769 1,449 1,429 1,975 - -
Change - 1,061.87% -27.69% -18.08% -1.35% 38.18% - -
Enterprise Value (EV) 1 210.5 2,312 1,641 1,356 1,330 1,910 1,910 1,910
Change - 998.22% -29.02% -17.38% -1.91% 43.59% 0% 0%
P/E -1.16x 16.8x 9.07x 60.1x 10.1x 11.2x 8.29x 7.54x
PBR - - 2.18x 2.21x 2.66x 3.9x 3.97x 4.22x
PEG - -0x 0.3x -0.7x 0x 0.4x 0.2x 0.76x
Capitalization / Revenue - 2.51x 1.42x 1.26x 1.48x 1.79x 1.67x 1.62x
EV / Revenue - 2.37x 1.32x 1.18x 1.37x 1.73x 1.61x 1.57x
EV / EBITDA - 8.66x 3.78x 5.05x 6.95x 7.39x 5.77x 5.3x
EV / EBIT - 32.8x 7.05x 28.5x 10x 9.49x 6.98x 6.29x
EV / FCF - 17.8x 3.76x 10.3x - 12.2x 7.49x 6.29x
FCF Yield - 5.61% 26.6% 9.67% - 8.21% 13.3% 15.9%
Dividend per Share 2 - - - - - 4.807 5.942 6.539
Rate of return - - - - - 10.5% 13% 14.3%
EPS 2 -7.784 3.376 4.521 0.5571 3.255 4.082 5.502 6.05
Distribution rate - - - - - 118% 108% 108%
Net sales 1 - 976.5 1,244 1,149 968.1 1,103 1,183 1,219
EBITDA 1 - 267 434.2 268.5 191.5 258.3 330.7 360.6
EBIT 1 - 70.43 232.8 47.6 132.4 201.3 273.7 303.5
Net income 1 -181 30.47 198.9 25.11 141.8 178.3 240.4 265.3
Net Debt 1 - -134 -127.6 -93.05 -99.41 -65.44 -65.44 -65.44
Reference price 2 9.00 56.70 41.00 33.50 33.00 45.60 45.60 45.60
Nbr of stocks (in thousands) 23,392 43,141 43,141 43,255 43,318 43,318 - -
Announcement Date 25/05/22 20/02/23 22/02/24 19/02/25 19/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.6x5.49x12.43x4.24% 25.77B
73.2x3.14x10.11x4.28% 7.46B
6.78x0.83x3.24x4.86% 7.22B
20.75x2.71x7.7x-.--% 6.41B
26.54x2.92x12.65x-.--% 5.93B
25.03x3.93x8.26x2.73% 5.39B
15.55x0.55x5.28x2.89% 5.01B
-245.2x1.12x5.83x3.26% 4.68B
-64.12x1.44x6.49x2.41% 4.24B
Average -13.76x 2.46x 8.00x 2.74% 8.01B
Weighted average by Cap. 1.85x 3.34x 9.28x 3.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield