Borr Drilling Limited

BATS-CHIXE:BORRO Stock Report

Market Cap: NOK 11.4b

Borr Drilling Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 BORRO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BORRO (NOK40.96) is trading above our estimate of fair value (NOK39.13)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BORRO. This is calculated by dividing BORRO's market cap by their current earnings.
What is BORRO's PE Ratio?
PE Ratio11.9x
EarningsUS$84.20m
Market CapUS$1.00b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BORRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.9x
HTG Hunting
4.5x-7.9%UK£480.0m
YCA Yellow Cake
7.7x-79.9%UK£1.1b
ENOG Energean
9x4.3%UK£2.0b
SQZ Serica Energy
6.3x-16.0%UK£574.3m
BORRO Borr Drilling
11.9x45.4%NOK 1.0b

Price-To-Earnings vs Peers: BORRO is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (6.9x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BORRO is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the European Energy Services industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is BORRO'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.

BORRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: BORRO is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

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 BORRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 62.44
0%
7.1%NOK 66.90NOK 57.98n/a2
Dec ’25n/a
NOK 74.72
0%
24.3%NOK 99.88NOK 57.71n/a3
Nov ’25NOK 44.98
NOK 82.93
+84.4%
20.0%NOK 99.52NOK 66.35n/a2
Oct ’25NOK 57.80
NOK 99.84
+72.7%
5.3%NOK 105.09NOK 94.58n/a2
Sep ’25NOK 62.90
NOK 99.84
+58.7%
5.3%NOK 105.09NOK 94.58n/a2
Aug ’25NOK 73.10
NOK 99.84
+36.6%
5.3%NOK 105.09NOK 94.58n/a2
Jul ’25NOK 69.80
NOK 99.84
+43.0%
5.3%NOK 105.09NOK 94.58n/a2
Jun ’25NOK 75.90
NOK 99.84
+31.5%
5.3%NOK 105.09NOK 94.58n/a2
May ’25NOK 60.35
NOK 99.84
+65.4%
5.3%NOK 105.09NOK 94.58n/a2
Apr ’25NOK 70.00
NOK 99.84
+42.6%
5.3%NOK 105.09NOK 94.58n/a2
Mar ’25NOK 65.05
NOK 99.84
+53.5%
5.3%NOK 105.09NOK 94.58n/a2
Feb ’25NOK 64.00
NOK 116.56
+82.1%
9.1%NOK 127.15NOK 105.96n/a2
Jan ’25NOK 76.10
NOK 116.56
+53.2%
9.1%NOK 127.15NOK 105.96n/a2
Dec ’24NOK 68.50
NOK 116.56
+70.2%
9.1%NOK 127.15NOK 105.96n/a2
Nov ’24NOK 67.40
NOK 116.56
+72.9%
9.1%NOK 127.15NOK 105.96NOK 44.982
Oct ’24NOK 76.00
NOK 116.56
+53.4%
9.1%NOK 127.15NOK 105.96NOK 57.802
Sep ’24NOK 77.45
NOK 116.56
+50.5%
9.1%NOK 127.15NOK 105.96NOK 62.902
May ’24n/a
NOK 98.02
0%
6.9%NOK 102.82NOK 88.42NOK 60.353
Apr ’24n/a
NOK 98.02
0%
6.9%NOK 102.82NOK 88.42NOK 70.003
Mar ’24NOK 72.00
NOK 98.02
+36.1%
6.9%NOK 102.82NOK 88.42NOK 65.053
Jan ’24n/a
NOK 69.29
0%
18.5%NOK 82.12NOK 56.46NOK 76.102

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 08:38
End of Day Share Price 2024/12/12 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

Borr Drilling Limited is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gregory LewisBTIG
Haithum NoktaClarksons Platou Securities
Steffen EvjenDanske Bank