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Shelf Drilling DB:6SD Stock Report

Last Price

€0.72

Market Cap

€193.1m

7D

-6.3%

1Y

-75.5%

Updated

27 Jan, 2025

Data

Company Financials +

Shelf Drilling, Ltd.

DB:6SD Stock Report

Market Cap: €193.1m

6SD Stock Overview

Operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. More details

6SD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 69.8% below our estimate of its fair value

Earnings grew by 419.2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 17.9% per year for the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Shelf Drilling, Ltd. Competitors

Daldrup & Söhne

XTRA:4DS

€52.6m

Deutsche Rohstoff

XTRA:DR0

€176.0m

EnviTec Biogas

XTRA:ETG

€429.2m

Friedrich Vorwerk Group

XTRA:VH2

€721.0m

Price History & Performance

Summary of share price highs, lows and changes for Shelf Drilling
Historical stock prices
Current Share PriceNOK 0.72
52 Week HighNOK 3.15
52 Week LowNOK 0.67
Beta2.26
1 Month Change-5.14%
3 Month Change-42.77%
1 Year Change-75.51%
3 Year Change-4.38%
5 Year Change-61.90%
Change since IPO-82.04%

Recent News & Updates

Recent updates

Shareholder Returns

6SDDE Energy ServicesDE Market
7D-6.3%-1.7%1.5%
1Y-75.5%21.8%12.6%

Return vs Industry: 6SD underperformed the German Energy Services industry which returned 21.8% over the past year.

Return vs Market: 6SD underperformed the German Market which returned 12.6% over the past year.

Price Volatility

Is 6SD's price volatile compared to industry and market?
6SD volatility
6SD Average Weekly Movement12.7%
Energy Services Industry Average Movement5.2%
Market Average Movement4.8%
10% most volatile stocks in DE Market11.1%
10% least volatile stocks in DE Market2.3%

Stable Share Price: 6SD's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 6SD's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
20122,835Greg O’Brienwww.shelfdrilling.com

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of the company’s owned fleet and related equipment. It also provides catering, additional equipment and personnel, and consumables or accommodations at the request of the customer using third party vendors.

Shelf Drilling, Ltd. Fundamentals Summary

How do Shelf Drilling's earnings and revenue compare to its market cap?
6SD fundamental statistics
Market cap€193.13m
Earnings (TTM)€38.70m
Revenue (TTM)€954.93m

5.0x

P/E Ratio

0.2x

P/S Ratio

Is 6SD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6SD income statement (TTM)
RevenueUS$999.30m
Cost of RevenueUS$653.50m
Gross ProfitUS$345.80m
Other ExpensesUS$305.30m
EarningsUS$40.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 03, 2025

Earnings per share (EPS)0.16
Gross Margin34.60%
Net Profit Margin4.05%
Debt/Equity Ratio320.0%

How did 6SD perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/27 13:33
End of Day Share Price 2025/01/24 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

Shelf Drilling, Ltd. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin KarlsenDNB Markets
James WestEvercore ISI
Truls OlsenFearnley Securities