Shelf Drilling Valuation
Is SHLFO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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.
Below Fair Value: SHLFO (NOK20.9) is trading below our estimate of fair value (NOK98.51)
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?
Other financial metrics that can be useful for relative valuation.
| What is SHLFO's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$433.37m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.7x |
| Enterprise Value/EBITDA | 6.1x |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does SHLFO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.3x | ||
HTG Hunting | 5.8x | -4.3% | UK£591.7m |
GMS Gulf Marine Services | 6.8x | n/a | UK£208.6m |
TLW Tullow Oil | 28.5x | 18.8% | UK£356.1m |
I3E i3 Energy | 12.3x | 51.1% | UK£154.0m |
SHLFO Shelf Drilling | 31.2x | 82.4% | NOK 4.7b |
Price-To-Earnings vs Peers: SHLFO is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (13.1x).
Price to Earnings Ratio vs Industry
How does SHLFO's PE Ratio compare vs other companies in the European Energy Services Industry?
Price-To-Earnings vs Industry: SHLFO is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the European Energy Services industry average (9.2x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 31.2x |
| Fair PE Ratio | n/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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | NOK 36.57 0% | 7.3% | NOK 39.22 | NOK 33.91 | n/a | 2 |
| Oct ’25 | n/a | NOK 36.57 0% | 7.3% | NOK 39.22 | NOK 33.91 | n/a | 2 |
| Sep ’25 | n/a | NOK 37.76 0% | 5.9% | NOK 39.98 | NOK 35.54 | n/a | 2 |
| Aug ’25 | n/a | NOK 38.61 0% | 4.3% | NOK 40.26 | NOK 36.96 | n/a | 2 |
| Jul ’25 | n/a | NOK 38.61 0% | 4.3% | NOK 40.26 | NOK 36.96 | n/a | 2 |
| Jun ’25 | n/a | NOK 38.16 0% | 4.8% | NOK 39.99 | NOK 36.33 | n/a | 2 |
| May ’25 | n/a | NOK 38.89 0% | 2.6% | NOK 39.89 | NOK 37.89 | n/a | 2 |
| Apr ’25 | n/a | NOK 48.84 0% | 2.3% | NOK 49.98 | NOK 47.70 | n/a | 2 |
| Mar ’25 | n/a | NOK 48.39 0% | 3.1% | NOK 49.88 | NOK 46.89 | n/a | 2 |
| Feb ’25 | NOK 30.80 | NOK 48.39 +57.1% | 3.1% | NOK 49.88 | NOK 46.89 | n/a | 2 |
| Jan ’25 | n/a | NOK 49.65 0% | 1.3% | NOK 50.28 | NOK 49.02 | n/a | 2 |
| Dec ’24 | NOK 30.13 | NOK 51.55 +71.1% | 0.5% | NOK 51.80 | NOK 51.30 | n/a | 2 |
| Nov ’24 | NOK 30.00 | NOK 52.37 +74.6% | 4.9% | NOK 54.94 | NOK 49.80 | n/a | 2 |
| Oct ’24 | NOK 34.60 | NOK 48.23 +39.4% | 16.4% | NOK 56.12 | NOK 40.33 | n/a | 2 |
| Sep ’24 | n/a | NOK 44.70 0% | 11.1% | NOK 49.68 | NOK 39.72 | n/a | 2 |
| Aug ’24 | n/a | NOK 40.80 0% | 1.3% | NOK 41.34 | NOK 40.27 | n/a | 2 |
| Jul ’24 | n/a | NOK 42.93 0% | 2.7% | NOK 44.08 | NOK 41.77 | n/a | 2 |
| Jun ’24 | NOK 23.70 | NOK 42.93 +81.1% | 2.7% | NOK 44.08 | NOK 41.77 | n/a | 2 |
| May ’24 | n/a | NOK 41.96 0% | 2.5% | NOK 42.99 | NOK 40.93 | n/a | 2 |
| Apr ’24 | n/a | NOK 41.63 0% | 3.8% | NOK 43.22 | NOK 40.05 | n/a | 2 |
| Mar ’24 | n/a | NOK 42.04 0% | 2.8% | NOK 43.21 | NOK 40.88 | n/a | 2 |
| Feb ’24 | NOK 29.45 | NOK 31.68 +7.6% | 35.8% | NOK 43.01 | NOK 20.35 | NOK 30.80 | 2 |
| Jan ’24 | NOK 21.10 | NOK 31.12 +47.5% | 35.7% | NOK 42.22 | NOK 20.02 | n/a | 2 |
| Dec ’23 | n/a | NOK 31.74 0% | 35.4% | NOK 42.99 | NOK 20.49 | NOK 30.13 | 2 |
| Nov ’23 | NOK 21.05 | NOK 31.82 +51.2% | 35.4% | NOK 43.09 | NOK 20.55 | NOK 30.00 | 2 |
| Oct ’23 | n/a | NOK 31.82 0% | 35.4% | NOK 43.09 | NOK 20.55 | NOK 34.60 | 2 |
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.