Shelf Drilling (BATS-CHIXE:SHLFO) - Stock Price, News & Analysis

SHLFO 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.

About the company

SHLFO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 89% below our estimate of its fair value

Earnings are forecast to grow 72.36% per year

Earnings have grown 31.5% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Shelf Drilling, Ltd. Competitors

Gulf Marine Services

LSE:GMS

UK£181.4m

Hunting

LSE:HTG

UK£630.5m

Savannah Energy

AIM:SAVE

UK£343.8m

Tullow Oil

LSE:TLW

UK£341.8m

Price History & Performance

Summary of all time highs, changes and price drops for Shelf Drilling
Historical stock prices
Current Share Price	NOK 30.80
52 Week High	NOK 35.90
52 Week Low	NOK 19.18
Beta	2.1
11 Month Change	0%
3 Month Change	n/a
1 Year Change	30.23%
33 Year Change	498.06%
5 Year Change	-15.62%
Change since IPO	-45.53%

Recent updates

Shareholder Returns

	SHLFO	GB Energy Services	GB Market
7D	0%	0.6%	-0.7%
1Y	30.2%	-1.9%	6.7%

Return vs Industry: SHLFO exceeded the UK Energy Services industry which returned -7.6% over the past year.

Return vs Market: SHLFO exceeded the UK Market which returned 1.1% over the past year.

Price Volatility

Is SHLFO's price volatile compared to industry and market?
SHLFO volatility
SHLFO Average Weekly Movement	n/a
Energy Services Industry Average Movement	6.7%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	9.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: SHLFO has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine SHLFO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2012	2,835	David Mullen	www.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?
SHLFO fundamental statistics
Market cap	NOK 4.03b
Earnings (TTM)	-NOK 83.47m
Revenue (TTM)	NOK 9.68b

0.4x

P/S Ratio

-48.3x

P/E Ratio

Is SHLFO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SHLFO income statement (TTM)
Revenue	US$881.40m
Cost of Revenue	US$574.40m
Gross Profit	US$307.00m
Other Expenses	US$314.60m
Earnings	-US$7.60m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 15, 2024

Earnings per share (EPS)	-0.036
Gross Margin	34.83%
Net Profit Margin	-0.86%
Debt/Equity Ratio	329.5%

How did SHLFO perform over the long term?

See historical performance and comparison

Shelf Drilling BATS-CHIXE:SHLFO Stock Report