ADNOC Drilling Company P.J.S.C.

ADX:ADNOCDRILL Stock Report

Market Cap: د.إ84.8b

ADNOC Drilling Company P.J.S.C Valuation

Is ADNOCDRILL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ADNOCDRILL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADNOCDRILL (AED5.31) is trading above our estimate of fair value (AED3.97)

Significantly Below Fair Value: ADNOCDRILL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADNOCDRILL?

Key metric: As ADNOCDRILL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADNOCDRILL. This is calculated by dividing ADNOCDRILL's market cap by their current earnings.
What is ADNOCDRILL's PE Ratio?
PE Ratio18.7x
EarningsUS$1.23b
Market CapUS$23.08b

Price to Earnings Ratio vs Peers

How does ADNOCDRILL's PE Ratio compare to its peers?

The above table shows the PE ratio for ADNOCDRILL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
ADNOCLS ADNOC Logistics & Services
14.7x10.4%د.إ40.5b
NMDCENR NMDC Energy - P.J.S.C
11.4x12.2%د.إ14.7b
ADNOCGAS ADNOC Gas
14.7x0.2%د.إ266.3b
2883 China Oilfield Services
9.4x24.2%HK$57.4b
ADNOCDRILL ADNOC Drilling Company P.J.S.C
18.7x7.8%د.إ84.8b

Price-To-Earnings vs Peers: ADNOCDRILL is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does ADNOCDRILL's PE Ratio compare vs other companies in the Asian Energy Services Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADNOCDRILL 18.7xIndustry Avg. 14.1xNo. of Companies12PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADNOCDRILL is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the Asian Energy Services industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is ADNOCDRILL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADNOCDRILL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: ADNOCDRILL is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADNOCDRILL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ5.31
د.إ5.90
+11.1%
9.7%د.إ6.69د.إ4.67n/a16
Dec ’25د.إ5.29
د.إ5.64
+6.6%
12.2%د.إ6.45د.إ4.52n/a14
Nov ’25د.إ5.10
د.إ5.34
+4.7%
11.0%د.إ6.40د.إ4.52n/a13
Oct ’25د.إ4.75
د.إ5.09
+7.1%
9.1%د.إ6.26د.إ4.52n/a13
Sep ’25د.إ4.40
د.إ5.05
+14.7%
9.4%د.إ6.26د.إ4.42n/a13
Aug ’25د.إ4.40
د.إ4.94
+12.2%
8.7%د.إ6.26د.إ4.42n/a13
Jul ’25د.إ4.10
د.إ4.80
+17.0%
4.0%د.إ5.05د.إ4.42n/a13
Jun ’25د.إ4.00
د.إ4.78
+19.5%
3.8%د.إ5.05د.إ4.42n/a13
May ’25د.إ3.80
د.إ4.62
+21.7%
6.2%د.إ5.01د.إ4.10n/a13
Apr ’25د.إ4.01
د.إ4.49
+11.9%
9.0%د.إ5.00د.إ3.44n/a13
Mar ’25د.إ3.70
د.إ4.41
+19.3%
8.9%د.إ4.90د.إ3.44n/a13
Feb ’25د.إ3.66
د.إ4.40
+20.3%
8.9%د.إ4.90د.إ3.44n/a13
Jan ’25د.إ3.78
د.إ4.35
+15.1%
9.9%د.إ4.90د.إ3.44n/a13
Dec ’24د.إ3.78
د.إ4.34
+14.9%
9.8%د.إ4.90د.إ3.44د.إ5.2913
Nov ’24د.إ3.80
د.إ4.30
+13.1%
9.6%د.إ4.90د.إ3.44د.إ5.1013
Oct ’24د.إ4.02
د.إ4.30
+6.9%
9.6%د.إ4.90د.إ3.44د.إ4.7513
Sep ’24د.إ4.09
د.إ4.25
+3.9%
9.9%د.إ4.90د.إ3.44د.إ4.4013
Aug ’24د.إ4.04
د.إ4.20
+3.9%
8.7%د.إ4.60د.إ3.44د.إ4.4013
Jul ’24د.إ3.56
د.إ4.20
+18.1%
8.3%د.إ4.60د.إ3.44د.إ4.1014
Jun ’24د.إ3.65
د.إ4.20
+15.2%
8.3%د.إ4.60د.إ3.44د.إ4.0014
May ’24د.إ4.26
د.إ4.16
-2.2%
7.6%د.إ4.60د.إ3.44د.إ3.8013
Apr ’24د.إ3.95
د.إ4.08
+3.4%
7.3%د.إ4.40د.إ3.44د.إ4.0112
Mar ’24د.إ3.36
د.إ4.07
+21.3%
6.3%د.إ4.40د.إ3.60د.إ3.7011
Feb ’24د.إ3.42
د.إ3.85
+12.7%
8.6%د.إ4.40د.إ3.28د.إ3.6610
Jan ’24د.إ2.98
د.إ3.87
+30.0%
9.0%د.إ4.40د.إ3.28د.إ3.7810
Dec ’23د.إ3.26
د.إ3.92
+20.2%
9.0%د.إ4.40د.إ3.28د.إ3.7810

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 11:48
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ADNOC Drilling Company P.J.S.C. is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shadab AshfaqAl Ramz Capital LLC
Nour SherifArqaam Capital Research Offshore S.A.L.
Soha SaniourArqaam Capital Research Offshore S.A.L.