Dolphin Drilling AS

OB:DDRIL Stock Report

Market Cap: NOK 29.5m

Dolphin Drilling Valuation

Is DDRIL 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DDRIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate DDRIL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DDRIL's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As DDRIL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DDRIL. This is calculated by dividing DDRIL's market cap by their current revenue.
What is DDRIL's PS Ratio?
PS Ratio0.02x
SalesUS$128.50m
Market CapUS$2.90m

Price to Sales Ratio vs Peers

How does DDRIL's PS Ratio compare to its peers?

The above table shows the PS ratio for DDRIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
DVD Deep Value Driller
2.5x-9.59%NOK 1.5b
SHLF Shelf Drilling
0.2x0.13%NOK 1.8b
NOL Northern Ocean
0.8x11.22%NOK 1.8b
VTURA Ventura Offshore Holding
0.5x-6.09%NOK 1.9b
DDRIL Dolphin Drilling
0.02x3.52%NOK 29.5m

Price-To-Sales vs Peers: DDRIL is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does DDRIL's PS Ratio compare vs other companies in the NO Energy Services Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.9x2.6%
DDRIL Dolphin Drilling
 0.02x3.52%US$2.92m
PRS Prosafe
0.1x29.21%US$14.01m
No more companies available in this PS range
DDRIL 0.0xIndustry Avg. 0.9xNo. of Companies6PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.9x19.0%
DDRIL Dolphin Drilling
 0.02x118.15%US$2.92m
No more companies

Price-To-Sales vs Industry: DDRIL is good value based on its Price-To-Sales Ratio (0x) compared to the Norwegian Energy Services industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is DDRIL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DDRIL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.02x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: DDRIL is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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 DDRIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 0.08
NOK 3.61
+4,408.10%
14.29%NOK 4.12NOK 3.09n/a2
May ’26NOK 2.28
NOK 3.69
+61.69%
11.74%NOK 4.14NOK 3.10n/a3
Apr ’26NOK 2.18
NOK 3.81
+74.94%
13.06%NOK 4.45NOK 3.19n/a4
Mar ’26NOK 3.30
NOK 3.81
+15.57%
13.06%NOK 4.45NOK 3.19n/a4
Feb ’26NOK 3.76
NOK 3.94
+4.91%
9.76%NOK 4.48NOK 3.50n/a4
Jan ’26NOK 3.70
NOK 3.98
+7.54%
14.90%NOK 4.48NOK 2.99n/a4
Dec ’25NOK 3.55
NOK 3.98
+12.09%
14.90%NOK 4.48NOK 2.99n/a4
Nov ’25NOK 4.15
NOK 4.22
+1.57%
5.34%NOK 4.53NOK 4.00n/a4
Oct ’25NOK 3.29
NOK 4.58
+39.44%
6.39%NOK 5.07NOK 4.29n/a4
Sep ’25NOK 4.20
NOK 6.56
+56.20%
49.10%NOK 12.11NOK 4.20n/a4
Aug ’25NOK 5.12
NOK 7.38
+44.09%
45.87%NOK 12.16NOK 4.98n/a3
Jul ’25NOK 4.85
NOK 7.38
+52.11%
45.87%NOK 12.16NOK 4.98n/a3
Jun ’25NOK 4.43
NOK 8.82
+99.01%
33.58%NOK 12.24NOK 5.02NOK 0.103
May ’25NOK 6.13
NOK 10.04
+63.78%
18.78%NOK 12.59NOK 8.08NOK 2.283
Apr ’25NOK 6.63
NOK 10.52
+58.61%
10.91%NOK 12.40NOK 9.32NOK 2.184
Mar ’25NOK 6.95
NOK 10.20
+46.82%
10.98%NOK 12.01NOK 8.94NOK 3.304
Feb ’25NOK 7.20
NOK 13.51
+87.62%
23.41%NOK 18.20NOK 9.61NOK 3.764
Jan ’25NOK 8.47
NOK 13.51
+59.49%
23.41%NOK 18.20NOK 9.61NOK 3.704
Dec ’24NOK 8.68
NOK 14.19
+63.44%
24.07%NOK 19.28NOK 10.18NOK 3.554
Nov ’24NOK 10.24
NOK 16.36
+59.77%
14.56%NOK 18.99NOK 13.09NOK 4.154
Oct ’24NOK 10.10
NOK 16.36
+61.99%
14.56%NOK 18.99NOK 13.09NOK 3.294
Jul ’24NOK 8.00
NOK 21.17
+164.59%
5.31%NOK 22.29NOK 20.04NOK 4.852
Jun ’24NOK 11.84
NOK 21.17
+78.78%
5.31%NOK 22.29NOK 20.04NOK 4.432
AnalystConsensusTarget
Consensus Narrative from 2 Analysts
NOK 3.61
Fair Value
97.8% 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 Analysis2025/06/02 16:00
End of Day Share Price 2025/05/30 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Dolphin Drilling AS is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lukas DaulABG Sundal Collier
Thijs BerkelderABN AMRO Bank N.V.
Kjetil GarstadArctic Securities ASA