Diamond Offshore Drilling, Inc.

DB:DO10 Stock Report

Market Cap: €1.3b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Diamond Offshore Drilling Valuation

Is DO10 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DO10 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DO10 (€12.8) is trading below our estimate of fair value (€42.87)

Significantly Below Fair Value: DO10 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DO10?

Key metric: As DO10 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DO10. This is calculated by dividing DO10's market cap by their current revenue.
What is DO10's PS Ratio?
PS Ratio1.4x
SalesUS$1.00b
Market CapUS$1.48b

Price to Sales Ratio vs Peers

How does DO10's PS Ratio compare to its peers?

The above table shows the PS ratio for DO10 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
4DS Daldrup & Söhne
0.9x1.3%€54.6m
VBK Verbio
0.5x7.7%€731.8m
CE2 CropEnergies
0.8x-14.0%€1.0b
ETG EnviTec Biogas
1xn/a€458.9m
DO10 Diamond Offshore Drilling
1.4x6.6%€1.5b

Price-To-Sales vs Peers: DO10 is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does DO10's PS Ratio compare vs other companies in the European Energy Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
DO10 1.4xIndustry Avg. 0.8xNo. of Companies10PS00.61.21.82.43+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DO10 is expensive based on its Price-To-Sales Ratio (1.4x) compared to the European Energy Services industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is DO10's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DO10 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: DO10 is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 DO10 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€17.57
0%
7.9%€19.91€15.38n/a6
Nov ’25n/a
€17.57
0%
7.9%€19.91€15.38n/a6
Oct ’25n/a
€17.57
0%
7.9%€19.91€15.38n/a6
Sep ’25€12.70
€17.57
+38.3%
7.9%€19.91€15.38n/a6
Aug ’25€15.00
€17.50
+16.6%
10.5%€20.26€14.73n/a6
Jul ’25€14.20
€17.50
+23.2%
10.5%€20.26€14.73n/a6
Jun ’25€13.60
€17.50
+28.7%
10.5%€20.26€14.73n/a6
May ’25€12.10
€17.33
+43.3%
9.4%€19.33€14.73n/a6
Apr ’25€12.32
€17.33
+40.7%
9.4%€19.33€14.73n/a6
Mar ’25€10.14
€17.69
+74.4%
11.8%€21.22€14.76n/a6
Feb ’25€11.10
€17.40
+56.8%
11.8%€20.88€14.53n/a6
Jan ’25€11.60
€17.40
+50.0%
11.8%€20.88€14.53n/a6
Dec ’24€11.60
€17.84
+53.8%
11.5%€20.94€14.56n/a5
Nov ’24€11.52
€17.74
+54.0%
8.7%€18.92€15.14n/a4
Oct ’24€13.90
€17.55
+26.2%
8.7%€18.72€14.97n/a4
Sep ’24€13.50
€15.92
+17.9%
10.9%€18.37€14.70€12.703
Aug ’24€14.16
€15.76
+11.3%
10.9%€18.19€14.55€15.003
Jul ’24€12.10
€15.48
+27.9%
12.7%€18.21€13.66€14.203
Jun ’24€10.06
€15.48
+53.9%
12.7%€18.21€13.66€13.603
May ’24€9.95
€15.68
+57.6%
12.7%€18.45€13.84€12.103
Apr ’24€10.70
€15.68
+46.6%
12.7%€18.45€13.84€12.323
Mar ’24€11.00
€14.37
+30.6%
29.3%€19.67€9.37€10.143
Feb ’24€10.40
€12.69
+22.0%
25.9%€15.98€9.40€11.102
Jan ’24€9.35
€12.69
+35.7%
25.9%€15.98€9.40€11.602
Dec ’23€9.00
€12.98
+44.2%
25.9%€16.35€9.62€11.602
Nov ’23€9.75
€9.57
-1.9%
5.3%€10.07€9.06€11.522

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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