Shelf Drilling, Ltd.

BATS-CHIXE:SHLFO Stock Report

Market Cap: NOK 2.3b

Shelf Drilling Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
NOK 27.59
Fair Value
68.4% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: SHLFO (NOK8.72) is trading below our estimate of fair value (NOK27.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SHLFO. This is calculated by dividing SHLFO's market cap by their current earnings.
What is SHLFO's PE Ratio?
PE Ratio5x
EarningsUS$40.50m
Market CapUS$204.32m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SHLFO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.6x
GMS Gulf Marine Services
5.8x16.5%UK£184.0m
HTG Hunting
5.1x-12.9%UK£548.1m
ENQ EnQuest
13.4x45.3%UK£217.7m
HSP Hargreaves Services
14.3x25.1%UK£205.7m
SHLFO Shelf Drilling
5x-17.9%NOK 2.3b

Price-To-Earnings vs Peers: SHLFO is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (9.6x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SHLFO is good value based on its Price-To-Earnings Ratio (5x) compared to the European Energy Services industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is SHLFO'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.

SHLFO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHLFO's Price-To-Earnings Fair Ratio for valuation analysis.

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 SHLFO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 20.88
0%
4.4%NOK 21.80NOK 19.97n/a2
Jan ’26n/a
NOK 27.58
0%
27.6%NOK 35.19NOK 19.96n/a2
Dec ’25NOK 9.71
NOK 27.58
+184.0%
27.5%NOK 35.17NOK 19.99n/a2
Nov ’25n/a
NOK 36.60
0%
7.3%NOK 39.29NOK 33.91n/a2
Oct ’25n/a
NOK 36.60
0%
7.3%NOK 39.29NOK 33.91n/a2
Sep ’25n/a
NOK 37.76
0%
5.9%NOK 39.98NOK 35.54n/a2
Aug ’25n/a
NOK 38.61
0%
4.3%NOK 40.26NOK 36.96n/a2
Jul ’25n/a
NOK 38.61
0%
4.3%NOK 40.26NOK 36.96n/a2
Jun ’25n/a
NOK 38.16
0%
4.8%NOK 39.99NOK 36.33n/a2
May ’25n/a
NOK 38.89
0%
2.6%NOK 39.89NOK 37.89n/a2
Apr ’25n/a
NOK 48.84
0%
2.3%NOK 49.98NOK 47.70n/a2
Mar ’25n/a
NOK 48.39
0%
3.1%NOK 49.88NOK 46.89n/a2
Feb ’25NOK 30.80
NOK 48.39
+57.1%
3.1%NOK 49.88NOK 46.89n/a2
Jan ’25n/a
NOK 49.65
0%
1.3%NOK 50.28NOK 49.02n/a2
Dec ’24NOK 30.13
NOK 51.55
+71.1%
0.5%NOK 51.80NOK 51.30NOK 9.712
Nov ’24NOK 30.00
NOK 52.37
+74.6%
4.9%NOK 54.94NOK 49.80n/a2
Oct ’24NOK 34.60
NOK 48.23
+39.4%
16.4%NOK 56.12NOK 40.33n/a2
Sep ’24n/a
NOK 44.70
0%
11.1%NOK 49.68NOK 39.72n/a2
Aug ’24n/a
NOK 40.80
0%
1.3%NOK 41.34NOK 40.27n/a2
Jul ’24n/a
NOK 42.93
0%
2.7%NOK 44.08NOK 41.77n/a2
Jun ’24NOK 23.70
NOK 42.93
+81.1%
2.7%NOK 44.08NOK 41.77n/a2
May ’24n/a
NOK 41.96
0%
2.5%NOK 42.99NOK 40.93n/a2
Apr ’24n/a
NOK 41.63
0%
3.8%NOK 43.22NOK 40.05n/a2
Mar ’24n/a
NOK 42.04
0%
2.8%NOK 43.21NOK 40.88n/a2
Feb ’24NOK 29.45
NOK 31.68
+7.6%
35.8%NOK 43.01NOK 20.35NOK 30.802
Analyst Price Target
Consensus Narrative from 2 Analysts
NOK 20.30
Fair Value
57.0% undervalued intrinsic discount
2
Number of Analysts

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 Analysis2025/02/05 07:55
End of Day Share Price 2025/01/22 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.

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 Github.

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