Borr Drilling Limited

LSE:0BDR Stock Report

Market Cap: NOK 9.8b

Borr Drilling Valuation

Is 0BDR 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-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 0BDR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0BDR (NOK39.58) is trading below our estimate of fair value (NOK43.73)

Significantly Below Fair Value: 0BDR is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0BDR?

Key metric: As 0BDR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0BDR. This is calculated by dividing 0BDR's market cap by their current earnings.
What is 0BDR's PE Ratio?
PE Ratio10.3x
EarningsUS$84.20m
Market CapUS$868.93m

Price to Earnings Ratio vs Peers

How does 0BDR's PE Ratio compare to its peers?

The above table shows the PE ratio for 0BDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.4x
HTG Hunting
4.4x-7.9%UK£464.2m
YCA Yellow Cake
7.4x-79.9%UK£1.1b
ENOG Energean
8.3x7.5%UK£1.8b
SQZ Serica Energy
5.6x-18.3%UK£506.8m
0BDR Borr Drilling
10.3x45.4%NOK 9.8b

Price-To-Earnings vs Peers: 0BDR is expensive based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (6.4x).

Price to Earnings Ratio vs Industry

How does 0BDR's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0BDR 10.3xIndustry Avg. 8.7xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0BDR is expensive based on its Price-To-Earnings Ratio (10.3x) compared to the European Energy Services industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0BDR'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.

0BDR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: 0BDR is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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 0BDR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 39.58
NOK 65.29
+65.0%
4.0%NOK 67.87NOK 61.37n/a4
Dec ’25NOK 42.00
NOK 64.10
+52.6%
4.0%NOK 66.11NOK 59.78n/a4
Nov ’25NOK 45.24
NOK 73.93
+63.4%
16.6%NOK 95.07NOK 65.76n/a4
Oct ’25NOK 57.90
NOK 83.79
+44.7%
15.6%NOK 96.81NOK 64.91n/a4
Sep ’25NOK 63.20
NOK 85.92
+36.0%
12.6%NOK 97.75NOK 71.82n/a4
Aug ’25NOK 73.30
NOK 85.46
+16.6%
14.7%NOK 98.03NOK 65.96n/a4
Jul ’25NOK 67.65
NOK 84.69
+25.2%
16.3%NOK 98.98NOK 64.00n/a4
Jun ’25NOK 70.27
NOK 82.22
+17.0%
19.3%NOK 97.30NOK 57.54n/a4
May ’25NOK 59.05
NOK 80.96
+37.1%
16.9%NOK 94.93NOK 60.26n/a4
Apr ’25NOK 69.02
NOK 105.32
+52.6%
3.0%NOK 109.97NOK 101.74n/a4
Mar ’25NOK 64.64
NOK 104.15
+61.1%
3.4%NOK 109.90NOK 100.56n/a4
Feb ’25NOK 64.55
NOK 104.02
+61.2%
3.4%NOK 110.13NOK 101.46n/a4
Jan ’25NOK 76.30
NOK 102.48
+34.3%
4.2%NOK 109.99NOK 99.46n/a4
Dec ’24NOK 67.55
NOK 104.42
+54.6%
4.6%NOK 110.02NOK 97.05NOK 42.004
Nov ’24NOK 69.89
NOK 106.26
+52.0%
4.1%NOK 110.57NOK 101.95NOK 45.242
Oct ’24NOK 75.20
NOK 111.38
+48.1%
4.3%NOK 117.64NOK 106.16NOK 57.903
Sep ’24NOK 76.90
NOK 105.45
+37.1%
2.8%NOK 109.48NOK 102.30NOK 63.203
Aug ’24NOK 88.95
NOK 106.53
+19.8%
3.0%NOK 109.90NOK 102.14NOK 73.303
Jul ’24NOK 78.70
NOK 106.53
+35.4%
3.0%NOK 109.90NOK 102.14NOK 67.653
Jun ’24NOK 78.95
NOK 106.53
+34.9%
3.0%NOK 109.90NOK 102.14NOK 70.273
May ’24NOK 72.30
NOK 93.04
+28.7%
1.0%NOK 93.98NOK 92.10NOK 59.052
Apr ’24NOK 79.88
NOK 89.45
+12.0%
0.7%NOK 90.11NOK 88.79NOK 69.022
Mar ’24NOK 75.42
NOK 89.46
+18.6%
1.2%NOK 90.49NOK 88.43NOK 64.642
Jan ’24NOK 51.64
NOK 59.36
+14.9%
9.5%NOK 64.99NOK 53.73NOK 76.302
Dec ’23NOK 45.70
NOK 52.18
+14.2%
7.0%NOK 55.85NOK 48.50NOK 67.552

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 13:41
End of Day Share Price 2024/12/20 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