OB:BDRILL

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Executive Summary

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. More Details


Snowflake Analysis

Overvalued with concerning outlook.


Similar Companies

Share Price & News

How has Borr Drilling's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDRILL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-15.8%

BDRILL

-3.1%

NO Energy Services

-1.6%

NO Market


1 Year Return

-93.9%

BDRILL

-53.5%

NO Energy Services

-8.8%

NO Market

Return vs Industry: BDRILL underperformed the Norwegian Energy Services industry which returned -53.5% over the past year.

Return vs Market: BDRILL underperformed the Norwegian Market which returned -8.8% over the past year.


Shareholder returns

BDRILLIndustryMarket
7 Day-15.8%-3.1%-1.6%
30 Day-41.2%4.2%1.8%
90 Day-57.6%-7.5%1.9%
1 Year-93.9%-93.9%-51.6%-53.5%-5.7%-8.8%
3 Year-97.9%-97.9%-68.9%-70.8%-0.3%-11.2%
5 Yearn/a-41.7%-60.7%43.4%14.5%

Price Volatility Vs. Market

How volatile is Borr Drilling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Borr Drilling undervalued compared to its fair value and its price relative to the market?

0.056x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BDRILL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BDRILL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BDRILL is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

PE vs Market: BDRILL is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BDRILL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BDRILL is good value based on its PB Ratio (0.1x) compared to the NO Energy Services industry average (0.3x).


Next Steps

Future Growth

How is Borr Drilling forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDRILL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BDRILL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BDRILL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BDRILL's revenue (16.5% per year) is forecast to grow faster than the Norwegian market (5.5% per year).

High Growth Revenue: BDRILL's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDRILL is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Borr Drilling performed over the past 5 years?

-53.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDRILL is currently unprofitable.

Growing Profit Margin: BDRILL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BDRILL is unprofitable, and losses have increased over the past 5 years at a rate of 53% per year.

Accelerating Growth: Unable to compare BDRILL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BDRILL is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-41.5%).


Return on Equity

High ROE: BDRILL has a negative Return on Equity (-29.89%), as it is currently unprofitable.


Next Steps

Financial Health

How is Borr Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: BDRILL's short term assets ($174.5M) exceed its short term liabilities ($131.1M).

Long Term Liabilities: BDRILL's short term assets ($174.5M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: BDRILL's debt to equity ratio (168.5%) is considered high.

Reducing Debt: Insufficient data to determine if BDRILL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BDRILL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BDRILL has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.3% each year.


Next Steps

Dividend

What is Borr Drilling current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BDRILL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BDRILL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BDRILL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BDRILL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BDRILL's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Patrick Arnold Schorn (51 yo)

0.083

Tenure

Mr. Patrick Arnold Henk Schorn serves as Chief Executive Director at Borr Drilling Limited since September 8, 2020. He served as Executive Vice President of Wells at Schlumberger Ltd since May 2018 until J ...


Leadership Team

NamePositionTenureCompensationOwnership
Rune Lundetrae
Deputy Chief Executive Officer0.75yrno data0.029%
$ 242.2k
Georgina Sousa
Company Secretary & Director1.67yrsno datano data
Patrick Arnold Schorn
Chief Executive Officer0.083yrno data0.48%
$ 4.0m
Tor Troim
Founder & Deputy Chairman1.08yrsno data2.65%
$ 22.3m
Francis Millet
Chief Financial Officer0.75yrno data0.0096%
$ 80.8k
Vidar Hasund
Chief Accounting Officerno datano datano data
Magnus Vaaler
Vice President of Investor Relations & Treasuryno datano datano data

0.8yrs

Average Tenure

57yo

Average Age

Experienced Management: BDRILL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Georgina Sousa
Company Secretary & Director1.67yrsno datano data
Tor Troim
Founder & Deputy Chairman1.08yrsno data2.65%
$ 22.3m
Paal Kibsgaard
Chairman of the Board1yrno data0.22%
$ 1.8m
Neil Glass
Independent Director0.83yrno datano data
Alexandra Blankenship
Independent Director1.67yrsno data0.048%
$ 403.6k

1.1yrs

Average Tenure

57yo

Average Age

Experienced Board: BDRILL's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 88.5%.


Top Shareholders

Company Information

Borr Drilling Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Borr Drilling Limited
  • Ticker: BDRILL
  • Exchange: OB
  • Founded: 2016
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: kr842.955m
  • Shares outstanding: 208.86m
  • Website: https://www.borrdrilling.com

Number of Employees


Location

  • Borr Drilling Limited
  • S.E. Pearman Building
  • 2nd Floor
  • Hamilton
  • HM11
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDRILLOB (Oslo Bors)YesCommon SharesNONOKDec 2016
B2WPDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2016
0BDRLSE (London Stock Exchange)YesCommon SharesGBNOKDec 2016
BDRILOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKDec 2016
BORRNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 2016

Biography

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 22:14
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.