View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsShelf Drilling 将来の成長Future 基準チェック /06Shelf Drillingの収益と利益は、それぞれ年間6.2%と61.1%減少すると予測されています。EPS は年間63.4%で 減少すると予想されています。自己資本利益率は 3 年後に5.4%になると予測されています。主要情報-61.1%収益成長率-63.40%EPS成長率Energy Services 収益成長7.9%収益成長率-6.2%将来の株主資本利益率5.43%アナリストカバレッジLow最終更新日26 Nov 2025今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Nov 27Shelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI IndexShelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI Indexお知らせ • Aug 05ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion.ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion on August 5, 2025. As part of the acquisition, ADES International through the Bidco company ADES International Cayman will acquire all issued and outstanding shares of Shelf Drilling, Ltd at NOK 14 per share payable in cash. As part of consideration, NOK 3.6 billion will be paid towards common equity and NOK 305 million towards Equity Awards of Shelf Drilling, Ltd. In addition, the transaction is supported with irrevocable commitments to vote in favor of the transaction at an extraordinary general meeting of the Shelf Drilling, Ltd provided by shareholders Castle Harlan and Perestroika as well as Shelf Drilling, Ltd’s CEO and CFO, and board members, together holding 15% of the outstanding shares in Shelf Drilling, Ltd. The Transaction is accretive to earnings per share and free cash flow for ADES, supporting strong returns for shareholders. The Transaction is to be financed through ADES’s available credit facility. Following completion of the transaction, Shelf Drilling will be wholly owned by ADES International, and Shelf Drilling, Ltd. will be delisted from the Oslo Stock Exchange. The Transaction is conditional upon fulfilment of certain customary closing conditions, including certain regulatory approvals having been received and absence of any relevant legal restraints; no material breach of the Transaction Agreement and the approval of the plan of merger at an extraordinary general meeting in Shelf Drilling by the affirmative vote of two-thirds of the votes cast on the resolution at extraordinary general meeting. The extraordinary general meeting will be convened separately and held mid-September 2025. The board of directors of Shelf Drilling, Ltd has resolved to recommend its shareholders to vote in favor of the Transaction. The Transaction is expected to close in the fourth quarter of 2025. SpareBank 1 Markets AS acted as sole financial advisor to ADES International Holding Ltd. Advokatfirmaet Schjødt As and Maples Group acted as legal advisors to ADES International Holding Ltd. Evercore Inc. (NYSE:EVR) acted as sole financial advisor and fairness opinion provider to Shelf Drilling, Ltd. Advokatfirmaet Thommessen AS, Conyers Dill & Pearman and Latham & Watkins LLP acted as legal advisors to Shelf Drilling, Ltd. DNB Bank ASA (OB:DNB) acted as registrar to Shelf Drilling, Ltd.お知らせ • Jun 20Shelf Drilling, Ltd. Approves the Appointment of DirectorsShelf Drilling, Ltd. announced the Chair noted that, on the recommendation of the Nomination Committee, it is proposed by ordinary resolution pursuant to Article 31 to approve the appointment of J. William Franklin, Jr., Steven Becker and Stig Vangen as Directors each with effect from the date of the Meeting. The Chair noted that, as the prior resolution had been passed, it was proposed by ordinary resolution pursuant to Article 33.10 to approve the appointment of J. William Franklin, Jr. as the chair of the board of Directors with effect from the date of the Meeting. The proposed appointment will be for a term expiring at the next annual general meeting (unless such person resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time at an earlier date).お知らせ • Jan 08Shelf Drilling, Ltd. Approves Nomination Committee AppointmentsShelf Drilling, Ltd. at its Extraordinary General Meeting held on January 7, 2025, approved Ryan E Schedler (Chair), Manuel Garcia, and David A. Castle each be appointed as members of the Company's Nomination Committee in accordance with Article 37.3 of the Company's Twelfth Amended and Restated Memorandum and Articles of Association, with effect from the date of the Meeting.お知らせ • Jan 06Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025.お知らせ • Jan 05Shelf Drilling, Ltd. to Report Q3, 2025 Results on Nov 10, 2025Shelf Drilling, Ltd. announced that they will report Q3, 2025 results on Nov 10, 2025お知らせ • Jan 04+ 3 more updatesShelf Drilling, Ltd. to Report Q4, 2024 Results on Mar 03, 2025Shelf Drilling, Ltd. announced that they will report Q4, 2024 results on Mar 03, 2025お知らせ • Dec 19Shelf Drilling, Ltd. Announces Main Pass I Rig UpdateShelf Drilling, Ltd. announced that the company has entered into an agreement to sell the Main Pass I for total consideration of USD 11 million. The rig will be permanently retired from drilling operations, with the major drilling equipment and inventory removed for use across the Shelf Drilling fleet. The sale is subject to customary closing conditions and is expected to close by February 2025. Shelf Drilling has now served notice to terminate the drilling contract that was suspended in respect of the Main Pass I rig in the Middle East earlier this year.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.32 (vs US$0.21 in 3Q 2023)Third quarter 2024 results: EPS: US$0.32 (up from US$0.21 in 3Q 2023). Revenue: US$267.9m (up 3.6% from 3Q 2023). Net income: US$67.5m (up 65% from 3Q 2023). Profit margin: 25% (up from 16% in 3Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 129% over the past three years.お知らせ • Oct 24Shelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. Announces AOC Approval and Operational Update in NorwayShelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. announced that the Norwegian Ocean Industry Authority (Havtil) issued the Acknowledgement of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig. With the AoC approval in place, operations are now expected to commence in the coming weeks.New Risk • Oct 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 270% over the past three years.お知らせ • Sep 16Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) approximately NOK 2.6 billion.Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) for approximately NOK 2.6 billion on September 16, 2024. Shares will be purchased at NOK 25.90 per share. The board of director of Shelf Drilling, Ltd have approved the deal. Subject to timely fulfillment of the conditions for the Proposed Merger, the Proposed Merger is expected to be completed towards the second half of October 2024. The transaction is subject to approval of offer by target shareholders. Advokatfirmaet Thommessen AS and Conyers Dill & Pearman LLP are acted as legal advisor to Shelf Drilling, Ltd. SpareBank 1 Markets AS are acted as financial advisor to Shelf Drilling, Ltd. Advokatfirma Wiersholm AS and Appleby are acted as legal advisor to Shelf Drilling (North Sea), Ltd.Reported Earnings • Aug 15Second quarter 2024 earnings released: US$0.068 loss per share (vs US$0.009 profit in 2Q 2023)Second quarter 2024 results: US$0.068 loss per share (down from US$0.009 profit in 2Q 2023). Revenue: US$234.0m (up 19% from 2Q 2023). Net loss: US$14.6m (down US$16.3m from profit in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 15+ 1 more updateShelf Drilling, Ltd. Announces Completion of Leadership TransitionShelf Drilling, Ltd. announces that Greg O’Brien has assumed the role of Chief Executive Officer, David Mullen that of Executive Chairman and Ernie Danner becomes Lead Independent Director. Greg O’Brien has been the Company’s Executive Vice President & Chief Financial Officer since March 2016 and previously served as Director of Strategic Planning, overseeing the Company’s corporate development efforts.お知らせ • Aug 01+ 1 more updateShelf Drilling, Ltd. Appoints Douglas Stewart as Executive Vice President, Effective October 2024Shelf Drilling, Ltd. announced that Douglas Stewart will join the Company as Executive Vice President with an expected start date in October 2024. Douglas is an experienced professional who has held senior finance and legal roles in oil and gas businesses in the US and Middle East, including Chief Financial Officer at Vantage Drilling. Douglas graduated from Trinity University in San Antonio, Texas with a BA in Economics and International Studies and a Doctor in Jurisprudence from the University of Texas School of Law in Austin, Texas. Douglas began his career as a corporate finance and securities law specialist at a top tier law firm.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.04, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 338% over the past three years.Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €2.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 376% over the past three years.New Risk • May 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding).Reported Earnings • May 16First quarter 2024 earnings released: EPS: US$0.021 (vs US$0.18 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.021 (up from US$0.18 loss in 1Q 2023). Revenue: US$254.7m (up 39% from 1Q 2023). Net income: US$4.40m (up US$37.8m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.お知らせ • May 16+ 1 more updateShelf Drilling, Ltd. Announces CEO Changes, Effective August 14, 2024Shelf Drilling, Ltd. announced with effect from August 14, 2024, being the date that he steps down as Chief Executive Officer, David Mullen is elected as a Director and Executive Chair of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time. Reference is made to the announcement by the Company on February 7, 2024 regarding the transition plan where David Mullen will step down from the role of Chief Executive Officer (CEO) and assume that of Executive Chair and Greg O’Brien, current Executive Vice President & Chief Financial Officer, will be appointed as CEO.New Risk • Apr 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$21m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).お知らせ • Mar 28Shelf Drilling, Ltd. Announces Resignation of John Reynolds as DirectorShelf Drilling, Ltd. announced that John Reynolds has resigned as a director of the Company with immediate effect. This follows the sale of shares by LR-Shelf Drilling International, L.P. in October 2023 and the exit of Lime Rock Partners as a sponsor of the Company.Reported Earnings • Mar 05Full year 2023 earnings released: US$0.038 loss per share (vs US$0.18 loss in FY 2022)Full year 2023 results: US$0.038 loss per share (improved from US$0.18 loss in FY 2022). Revenue: US$908.0m (up 31% from FY 2022). Net loss: US$7.60m (loss narrowed 74% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 10+ 1 more updateShelf Drilling, Ltd. Announces CFO TransitionShelf Drilling, Ltd. has launched a search process to identify a suitable candidate to replace Greg O’Brien as CFO. At the same time, Greg O’Brien current Chief Financial Officer (EVP & CFO), will be appointed as CEO.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €2.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 676% over the past three years.お知らせ • Jan 16Shelf Drilling, Ltd. to Report Q4, 2023 Final Results on Mar 04, 2024Shelf Drilling, Ltd. announced that they will report Q4, 2023 final results on Mar 04, 2024お知らせ • Dec 30+ 4 more updatesShelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024Shelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.53, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 772% over the past three years.New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding).New Risk • Nov 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).New Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).お知らせ • Sep 28Shelf Drilling, Ltd. announced that it expects to receive NOK 640.2 million in fundingShelf Drilling, Ltd. announced a private placement to issue 19,400,000 offer shares at a price of NOK 33 for the gross proceeds of NOK 640,200,000 on September 26, 2023.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.12 loss in 2Q 2022)Second quarter 2023 results: EPS: US$0.009 (up from US$0.12 loss in 2Q 2022). Revenue: US$214.2m (up 42% from 2Q 2022). Net income: US$1.70m (up US$18.4m from 2Q 2022). Profit margin: 0.8% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$469m). Shareholders have been diluted in the past year (11% increase in shares outstanding).Board Change • Jun 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director David Williams was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jun 13Shelf Drilling, Ltd. Announces Mei Xianzhi Elected as A Director of the CompanyShelf Drilling, Ltd. announced that at it's AGM Mei Xianzhi elected as a Director of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time (the "Appointment").お知らせ • May 17Shelf Drilling, Ltd. Announces Lou Dongyang Stand Down as DirectorShelf Drilling, Ltd. has been notified that Lou Dongyang is standing down as a director of the Company with effect from the date of the next Annual General Meeting of the Company. The Company hereby gives notice that the Annual General Meeting of the Company will be held on June 12, 2023 in the Cayman Islands.Reported Earnings • May 16First quarter 2023 earnings released: US$0.18 loss per share (vs US$0.034 loss in 1Q 2022)First quarter 2023 results: US$0.18 loss per share (further deteriorated from US$0.034 loss in 1Q 2022). Revenue: US$183.4m (up 18% from 1Q 2022). Net loss: US$33.4m (loss widened US$28.8m from 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 21Full year 2022 earnings released: US$0.18 loss per share (vs US$0.57 loss in FY 2021)Full year 2022 results: US$0.18 loss per share (improved from US$0.57 loss in FY 2021). Revenue: US$695.2m (up 32% from FY 2021). Net loss: US$28.8m (loss narrowed 63% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 02Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million.Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 17,636,876 Price\Range: NOK 26.5 Transaction Features: Subsequent Direct Listingお知らせ • Dec 31+ 5 more updatesShelf Drilling, Ltd., Annual General Meeting, Sep 06, 2023Shelf Drilling, Ltd., Annual General Meeting, Sep 06, 2023.Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.034 loss per share (vs US$0.16 loss in 3Q 2021)Third quarter 2022 results: US$0.034 loss per share (improved from US$0.16 loss in 3Q 2021). Revenue: US$166.3m (up 28% from 3Q 2021). Net loss: US$6.05m (loss narrowed 73% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.12 loss per share (vs US$0.17 loss in 2Q 2021)Second quarter 2022 results: US$0.12 loss per share (up from US$0.17 loss in 2Q 2021). Revenue: US$150.7m (up 16% from 2Q 2021). Net loss: US$16.7m (loss narrowed 26% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jun 25Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 499.2 million.Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 499.2 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 38,400,000 Price\Range: NOK 13 Transaction Features: Subsequent Direct ListingReported Earnings • May 13First quarter 2022 earnings released: US$0.034 loss per share (vs US$0.12 loss in 1Q 2021)First quarter 2022 results: US$0.034 loss per share (up from US$0.12 loss in 1Q 2021). Revenue: US$156.0m (up 20% from 1Q 2021). Net loss: US$4.63m (loss narrowed 72% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.57 loss per share (up from US$2.02 loss in FY 2020). Revenue: US$526.6m (down 10.0% from FY 2020). Net loss: US$78.6m (loss narrowed 71% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.3%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.16 loss per share (vs US$0.056 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$130.3m (up 2.2% from 3Q 2020). Net loss: US$22.4m (loss widened 192% from 3Q 2020).Reported Earnings • Aug 13Second quarter 2021 earnings released: US$0.17 loss per share (vs US$0.06 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$130.5m (down 16% from 2Q 2020). Net loss: US$22.6m (down 379% from profit in 2Q 2020).Reported Earnings • May 13First quarter 2021 earnings released: US$0.12 loss per share (vs US$1.36 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$129.7m (down 28% from 1Q 2020). Net loss: US$16.4m (loss narrowed 91% from 1Q 2020).Reported Earnings • Mar 05Full year 2020 earnings released: US$2.02 loss per share (vs US$1.17 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$585.2m (up 1.6% from FY 2019). Net loss: US$274.9m (loss widened 84% from FY 2019).Analyst Estimate Surprise Post Earnings • Mar 05Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to decline by -3.4% while the Energy Services industry in Germany is not expected to grow.Is New 90 Day High Low • Feb 16New 90-day high: €0.34The company is up 51% from its price of €0.23 on 17 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.06 per share.お知らせ • Jan 19Shelf Drilling Announces Contract Update for High Island VII and Compact DrillerShelf Drilling, Ltd. announced that it has received a notification from customer on early termination of the contracts for the High Island VII and Compact Driller jack-up rigs. The contract end date for both rigs has been updated to August 2021. The original contract end dates for the High Island VII and Compact Driller were February 2023 and June 2022, respectively.Is New 90 Day High Low • Jan 04New 90-day high: €0.34The company is up 75% from its price of €0.19 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.お知らせ • Jan 02+ 5 more updatesShelf Drilling, Ltd. to Report First Half, 2021 Results on Aug 12, 2021Shelf Drilling, Ltd. announced that they will report first half, 2021 results on Aug 12, 2021Is New 90 Day High Low • Dec 08New 90-day high: €0.29The company is up 28% from its price of €0.22 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.Reported Earnings • Nov 14Third quarter 2020 earnings released: US$0.056 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$127.4m (down 3.5% from 3Q 2019). Net loss: US$7.68m (loss narrowed 79% from 3Q 2019).Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 6.6%. Over the next year, revenue is expected to shrink by 11% compared to a 8.7% decline forecast for the Energy Services industry in Germany.お知らせ • Oct 20Shelf Drilling, Ltd. Announces Contract Update for Main Pass IShelf Drilling, Ltd. announced that it has received a notification from customer on suspension of operations for the Main Pass I jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October 2020 and will automatically extend the term of the contract for a period equal to the suspension period.業績と収益の成長予測DB:6SD - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202783818N/A258112/31/202687334N/A289112/31/202592827N/A27616/30/20259831173264N/A3/31/202597691140N/A12/31/202498581-2228N/A9/30/20249994147113N/A6/30/2024990142398N/A3/31/20249633043150N/A12/31/2023881-8-2186N/A9/30/20238498-37174N/A6/30/2023757-39-43035N/A3/31/2023701-58-4692N/A12/31/2022683-29-43920N/A9/30/2022609-45-135-20N/A6/30/2022573-61-115-30N/A3/31/2022553-67-77-38N/A12/31/2021527-79-62-16N/A9/30/2021512-152-3710N/A6/30/2021509-137-2927N/A3/31/2021534-106-465N/A12/31/2020585-275-5854N/A9/30/2020624-255-9240N/A6/30/2020628-283-11233N/A3/31/2020610-321-1333N/A12/31/2019576-150-104-13N/A9/30/2019569-129-4616N/A6/30/2019598-104-5753N/A3/31/2019613-116N/A32N/A12/31/2018613-146N/A38N/A9/30/2018605-133N/A-6N/A6/30/2018583-133N/A2N/A3/31/2018573-126N/A49N/A12/31/2017572-83N/A62N/A9/30/2017583-101N/A110N/A6/30/2017624-72N/A147N/A3/31/2017651-32N/A112N/A12/31/2016684-30N/A137N/A12/31/20151,031-180N/A133N/A12/31/20141,235226N/A384N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6SDの収益は今後 3 年間で減少すると予測されています (年間-61.1% )。収益対市場: 6SDの収益は今後 3 年間で減少すると予測されています (年間-61.1% )。高成長収益: 6SDの収益は今後 3 年間で減少すると予測されています。収益対市場: 6SDの収益は今後 3 年間で減少すると予想されています (年間-6.2% )。高い収益成長: 6SDの収益は今後 3 年間で減少すると予測されています (年間-6.2% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6SDの 自己資本利益率 は、3年後には低くなると予測されています ( 5.4 %)。成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/11/27 07:03終値2025/11/25 00:00収益2025/06/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Shelf Drilling, Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関James WestEvercore ISITruls OlsenFearnley SecuritiesJanne KvernlandNordea Markets2 その他のアナリストを表示
お知らせ • Nov 27Shelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI IndexShelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI Index
お知らせ • Aug 05ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion.ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion on August 5, 2025. As part of the acquisition, ADES International through the Bidco company ADES International Cayman will acquire all issued and outstanding shares of Shelf Drilling, Ltd at NOK 14 per share payable in cash. As part of consideration, NOK 3.6 billion will be paid towards common equity and NOK 305 million towards Equity Awards of Shelf Drilling, Ltd. In addition, the transaction is supported with irrevocable commitments to vote in favor of the transaction at an extraordinary general meeting of the Shelf Drilling, Ltd provided by shareholders Castle Harlan and Perestroika as well as Shelf Drilling, Ltd’s CEO and CFO, and board members, together holding 15% of the outstanding shares in Shelf Drilling, Ltd. The Transaction is accretive to earnings per share and free cash flow for ADES, supporting strong returns for shareholders. The Transaction is to be financed through ADES’s available credit facility. Following completion of the transaction, Shelf Drilling will be wholly owned by ADES International, and Shelf Drilling, Ltd. will be delisted from the Oslo Stock Exchange. The Transaction is conditional upon fulfilment of certain customary closing conditions, including certain regulatory approvals having been received and absence of any relevant legal restraints; no material breach of the Transaction Agreement and the approval of the plan of merger at an extraordinary general meeting in Shelf Drilling by the affirmative vote of two-thirds of the votes cast on the resolution at extraordinary general meeting. The extraordinary general meeting will be convened separately and held mid-September 2025. The board of directors of Shelf Drilling, Ltd has resolved to recommend its shareholders to vote in favor of the Transaction. The Transaction is expected to close in the fourth quarter of 2025. SpareBank 1 Markets AS acted as sole financial advisor to ADES International Holding Ltd. Advokatfirmaet Schjødt As and Maples Group acted as legal advisors to ADES International Holding Ltd. Evercore Inc. (NYSE:EVR) acted as sole financial advisor and fairness opinion provider to Shelf Drilling, Ltd. Advokatfirmaet Thommessen AS, Conyers Dill & Pearman and Latham & Watkins LLP acted as legal advisors to Shelf Drilling, Ltd. DNB Bank ASA (OB:DNB) acted as registrar to Shelf Drilling, Ltd.
お知らせ • Jun 20Shelf Drilling, Ltd. Approves the Appointment of DirectorsShelf Drilling, Ltd. announced the Chair noted that, on the recommendation of the Nomination Committee, it is proposed by ordinary resolution pursuant to Article 31 to approve the appointment of J. William Franklin, Jr., Steven Becker and Stig Vangen as Directors each with effect from the date of the Meeting. The Chair noted that, as the prior resolution had been passed, it was proposed by ordinary resolution pursuant to Article 33.10 to approve the appointment of J. William Franklin, Jr. as the chair of the board of Directors with effect from the date of the Meeting. The proposed appointment will be for a term expiring at the next annual general meeting (unless such person resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time at an earlier date).
お知らせ • Jan 08Shelf Drilling, Ltd. Approves Nomination Committee AppointmentsShelf Drilling, Ltd. at its Extraordinary General Meeting held on January 7, 2025, approved Ryan E Schedler (Chair), Manuel Garcia, and David A. Castle each be appointed as members of the Company's Nomination Committee in accordance with Article 37.3 of the Company's Twelfth Amended and Restated Memorandum and Articles of Association, with effect from the date of the Meeting.
お知らせ • Jan 06Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025.
お知らせ • Jan 05Shelf Drilling, Ltd. to Report Q3, 2025 Results on Nov 10, 2025Shelf Drilling, Ltd. announced that they will report Q3, 2025 results on Nov 10, 2025
お知らせ • Jan 04+ 3 more updatesShelf Drilling, Ltd. to Report Q4, 2024 Results on Mar 03, 2025Shelf Drilling, Ltd. announced that they will report Q4, 2024 results on Mar 03, 2025
お知らせ • Dec 19Shelf Drilling, Ltd. Announces Main Pass I Rig UpdateShelf Drilling, Ltd. announced that the company has entered into an agreement to sell the Main Pass I for total consideration of USD 11 million. The rig will be permanently retired from drilling operations, with the major drilling equipment and inventory removed for use across the Shelf Drilling fleet. The sale is subject to customary closing conditions and is expected to close by February 2025. Shelf Drilling has now served notice to terminate the drilling contract that was suspended in respect of the Main Pass I rig in the Middle East earlier this year.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.32 (vs US$0.21 in 3Q 2023)Third quarter 2024 results: EPS: US$0.32 (up from US$0.21 in 3Q 2023). Revenue: US$267.9m (up 3.6% from 3Q 2023). Net income: US$67.5m (up 65% from 3Q 2023). Profit margin: 25% (up from 16% in 3Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 129% over the past three years.
お知らせ • Oct 24Shelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. Announces AOC Approval and Operational Update in NorwayShelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. announced that the Norwegian Ocean Industry Authority (Havtil) issued the Acknowledgement of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig. With the AoC approval in place, operations are now expected to commence in the coming weeks.
New Risk • Oct 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 270% over the past three years.
お知らせ • Sep 16Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) approximately NOK 2.6 billion.Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) for approximately NOK 2.6 billion on September 16, 2024. Shares will be purchased at NOK 25.90 per share. The board of director of Shelf Drilling, Ltd have approved the deal. Subject to timely fulfillment of the conditions for the Proposed Merger, the Proposed Merger is expected to be completed towards the second half of October 2024. The transaction is subject to approval of offer by target shareholders. Advokatfirmaet Thommessen AS and Conyers Dill & Pearman LLP are acted as legal advisor to Shelf Drilling, Ltd. SpareBank 1 Markets AS are acted as financial advisor to Shelf Drilling, Ltd. Advokatfirma Wiersholm AS and Appleby are acted as legal advisor to Shelf Drilling (North Sea), Ltd.
Reported Earnings • Aug 15Second quarter 2024 earnings released: US$0.068 loss per share (vs US$0.009 profit in 2Q 2023)Second quarter 2024 results: US$0.068 loss per share (down from US$0.009 profit in 2Q 2023). Revenue: US$234.0m (up 19% from 2Q 2023). Net loss: US$14.6m (down US$16.3m from profit in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 15+ 1 more updateShelf Drilling, Ltd. Announces Completion of Leadership TransitionShelf Drilling, Ltd. announces that Greg O’Brien has assumed the role of Chief Executive Officer, David Mullen that of Executive Chairman and Ernie Danner becomes Lead Independent Director. Greg O’Brien has been the Company’s Executive Vice President & Chief Financial Officer since March 2016 and previously served as Director of Strategic Planning, overseeing the Company’s corporate development efforts.
お知らせ • Aug 01+ 1 more updateShelf Drilling, Ltd. Appoints Douglas Stewart as Executive Vice President, Effective October 2024Shelf Drilling, Ltd. announced that Douglas Stewart will join the Company as Executive Vice President with an expected start date in October 2024. Douglas is an experienced professional who has held senior finance and legal roles in oil and gas businesses in the US and Middle East, including Chief Financial Officer at Vantage Drilling. Douglas graduated from Trinity University in San Antonio, Texas with a BA in Economics and International Studies and a Doctor in Jurisprudence from the University of Texas School of Law in Austin, Texas. Douglas began his career as a corporate finance and securities law specialist at a top tier law firm.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.04, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 338% over the past three years.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €2.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 376% over the past three years.
New Risk • May 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding).
Reported Earnings • May 16First quarter 2024 earnings released: EPS: US$0.021 (vs US$0.18 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.021 (up from US$0.18 loss in 1Q 2023). Revenue: US$254.7m (up 39% from 1Q 2023). Net income: US$4.40m (up US$37.8m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16+ 1 more updateShelf Drilling, Ltd. Announces CEO Changes, Effective August 14, 2024Shelf Drilling, Ltd. announced with effect from August 14, 2024, being the date that he steps down as Chief Executive Officer, David Mullen is elected as a Director and Executive Chair of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time. Reference is made to the announcement by the Company on February 7, 2024 regarding the transition plan where David Mullen will step down from the role of Chief Executive Officer (CEO) and assume that of Executive Chair and Greg O’Brien, current Executive Vice President & Chief Financial Officer, will be appointed as CEO.
New Risk • Apr 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$21m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).
お知らせ • Mar 28Shelf Drilling, Ltd. Announces Resignation of John Reynolds as DirectorShelf Drilling, Ltd. announced that John Reynolds has resigned as a director of the Company with immediate effect. This follows the sale of shares by LR-Shelf Drilling International, L.P. in October 2023 and the exit of Lime Rock Partners as a sponsor of the Company.
Reported Earnings • Mar 05Full year 2023 earnings released: US$0.038 loss per share (vs US$0.18 loss in FY 2022)Full year 2023 results: US$0.038 loss per share (improved from US$0.18 loss in FY 2022). Revenue: US$908.0m (up 31% from FY 2022). Net loss: US$7.60m (loss narrowed 74% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 10+ 1 more updateShelf Drilling, Ltd. Announces CFO TransitionShelf Drilling, Ltd. has launched a search process to identify a suitable candidate to replace Greg O’Brien as CFO. At the same time, Greg O’Brien current Chief Financial Officer (EVP & CFO), will be appointed as CEO.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €2.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 676% over the past three years.
お知らせ • Jan 16Shelf Drilling, Ltd. to Report Q4, 2023 Final Results on Mar 04, 2024Shelf Drilling, Ltd. announced that they will report Q4, 2023 final results on Mar 04, 2024
お知らせ • Dec 30+ 4 more updatesShelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024Shelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.53, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 772% over the past three years.
New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding).
New Risk • Nov 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).
New Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).
お知らせ • Sep 28Shelf Drilling, Ltd. announced that it expects to receive NOK 640.2 million in fundingShelf Drilling, Ltd. announced a private placement to issue 19,400,000 offer shares at a price of NOK 33 for the gross proceeds of NOK 640,200,000 on September 26, 2023.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.12 loss in 2Q 2022)Second quarter 2023 results: EPS: US$0.009 (up from US$0.12 loss in 2Q 2022). Revenue: US$214.2m (up 42% from 2Q 2022). Net income: US$1.70m (up US$18.4m from 2Q 2022). Profit margin: 0.8% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$469m). Shareholders have been diluted in the past year (11% increase in shares outstanding).
Board Change • Jun 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director David Williams was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jun 13Shelf Drilling, Ltd. Announces Mei Xianzhi Elected as A Director of the CompanyShelf Drilling, Ltd. announced that at it's AGM Mei Xianzhi elected as a Director of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time (the "Appointment").
お知らせ • May 17Shelf Drilling, Ltd. Announces Lou Dongyang Stand Down as DirectorShelf Drilling, Ltd. has been notified that Lou Dongyang is standing down as a director of the Company with effect from the date of the next Annual General Meeting of the Company. The Company hereby gives notice that the Annual General Meeting of the Company will be held on June 12, 2023 in the Cayman Islands.
Reported Earnings • May 16First quarter 2023 earnings released: US$0.18 loss per share (vs US$0.034 loss in 1Q 2022)First quarter 2023 results: US$0.18 loss per share (further deteriorated from US$0.034 loss in 1Q 2022). Revenue: US$183.4m (up 18% from 1Q 2022). Net loss: US$33.4m (loss widened US$28.8m from 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 21Full year 2022 earnings released: US$0.18 loss per share (vs US$0.57 loss in FY 2021)Full year 2022 results: US$0.18 loss per share (improved from US$0.57 loss in FY 2021). Revenue: US$695.2m (up 32% from FY 2021). Net loss: US$28.8m (loss narrowed 63% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 02Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million.Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 17,636,876 Price\Range: NOK 26.5 Transaction Features: Subsequent Direct Listing
お知らせ • Dec 31+ 5 more updatesShelf Drilling, Ltd., Annual General Meeting, Sep 06, 2023Shelf Drilling, Ltd., Annual General Meeting, Sep 06, 2023.
Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.034 loss per share (vs US$0.16 loss in 3Q 2021)Third quarter 2022 results: US$0.034 loss per share (improved from US$0.16 loss in 3Q 2021). Revenue: US$166.3m (up 28% from 3Q 2021). Net loss: US$6.05m (loss narrowed 73% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.12 loss per share (vs US$0.17 loss in 2Q 2021)Second quarter 2022 results: US$0.12 loss per share (up from US$0.17 loss in 2Q 2021). Revenue: US$150.7m (up 16% from 2Q 2021). Net loss: US$16.7m (loss narrowed 26% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jun 25Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 499.2 million.Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 499.2 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 38,400,000 Price\Range: NOK 13 Transaction Features: Subsequent Direct Listing
Reported Earnings • May 13First quarter 2022 earnings released: US$0.034 loss per share (vs US$0.12 loss in 1Q 2021)First quarter 2022 results: US$0.034 loss per share (up from US$0.12 loss in 1Q 2021). Revenue: US$156.0m (up 20% from 1Q 2021). Net loss: US$4.63m (loss narrowed 72% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: US$0.57 loss per share (up from US$2.02 loss in FY 2020). Revenue: US$526.6m (down 10.0% from FY 2020). Net loss: US$78.6m (loss narrowed 71% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.3%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 11Third quarter 2021 earnings released: US$0.16 loss per share (vs US$0.056 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$130.3m (up 2.2% from 3Q 2020). Net loss: US$22.4m (loss widened 192% from 3Q 2020).
Reported Earnings • Aug 13Second quarter 2021 earnings released: US$0.17 loss per share (vs US$0.06 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$130.5m (down 16% from 2Q 2020). Net loss: US$22.6m (down 379% from profit in 2Q 2020).
Reported Earnings • May 13First quarter 2021 earnings released: US$0.12 loss per share (vs US$1.36 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$129.7m (down 28% from 1Q 2020). Net loss: US$16.4m (loss narrowed 91% from 1Q 2020).
Reported Earnings • Mar 05Full year 2020 earnings released: US$2.02 loss per share (vs US$1.17 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$585.2m (up 1.6% from FY 2019). Net loss: US$274.9m (loss widened 84% from FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 05Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to decline by -3.4% while the Energy Services industry in Germany is not expected to grow.
Is New 90 Day High Low • Feb 16New 90-day high: €0.34The company is up 51% from its price of €0.23 on 17 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.06 per share.
お知らせ • Jan 19Shelf Drilling Announces Contract Update for High Island VII and Compact DrillerShelf Drilling, Ltd. announced that it has received a notification from customer on early termination of the contracts for the High Island VII and Compact Driller jack-up rigs. The contract end date for both rigs has been updated to August 2021. The original contract end dates for the High Island VII and Compact Driller were February 2023 and June 2022, respectively.
Is New 90 Day High Low • Jan 04New 90-day high: €0.34The company is up 75% from its price of €0.19 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
お知らせ • Jan 02+ 5 more updatesShelf Drilling, Ltd. to Report First Half, 2021 Results on Aug 12, 2021Shelf Drilling, Ltd. announced that they will report first half, 2021 results on Aug 12, 2021
Is New 90 Day High Low • Dec 08New 90-day high: €0.29The company is up 28% from its price of €0.22 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
Reported Earnings • Nov 14Third quarter 2020 earnings released: US$0.056 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$127.4m (down 3.5% from 3Q 2019). Net loss: US$7.68m (loss narrowed 79% from 3Q 2019).
Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 6.6%. Over the next year, revenue is expected to shrink by 11% compared to a 8.7% decline forecast for the Energy Services industry in Germany.
お知らせ • Oct 20Shelf Drilling, Ltd. Announces Contract Update for Main Pass IShelf Drilling, Ltd. announced that it has received a notification from customer on suspension of operations for the Main Pass I jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October 2020 and will automatically extend the term of the contract for a period equal to the suspension period.