Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry.
Overvalued with worrying balance sheet.
Share Price & News
How has Northern Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: NODL underperformed the Norwegian Energy Services industry which returned -34.1% over the past year.
Return vs Market: NODL underperformed the Norwegian Market which returned -8.2% over the past year.
Share holder returns
Price Volatility Vs. Market
How volatile is Northern Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould You Be Concerned About Northern Drilling Ltd's (OB:NODL) Shareholders?
1 year ago | Simply Wall StApril Insights Into Oil & Gas Stocks: Northern Drilling Ltd (OB:NODL)
1 year ago | Simply Wall StWho Are The Largest Shareholders In Northern Drilling Limited (OB:NODL)?
Is Northern Drilling undervalued based on future cash flows and its price relative to the stock market?
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Undervalued: NODL (NOK24.1) is trading above our estimate of fair value (NOK0.39)
Significantly Undervalued: NODL is trading above our estimate of fair value.
Price Based on Earnings
PE vs Industry: NODL is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: NODL is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price Based on Expected Growth
Low PEG Ratio: Insufficient data to calculate NODL's PEG Ratio to determine if it is good value.
Price Based on Value of Assets
PB vs Industry: NODL is good value based on its PB Ratio (0.4x) compared to the NO Energy Services industry average (0.6x).
How is Northern Drilling expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: NODL is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NODL is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NODL is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if NODL's revenue is forecast to grow faster than the Norwegian market.
High Growth Revenue: Insufficient data to determine if NODL's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: NODL's Return on Equity is forecast to be low in 3 years time (4.2%).
How has Northern Drilling performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if NODL's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare NODL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NODL is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5%).
Return on Equity
High ROE: NODL has a negative Return on Equity (-0.18%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: NODL is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: NODL is currently unprofitable, so its Return on Capital Employed is negative.
How is Northern Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: NODL's short term assets ($47.7M) do not cover its short term liabilities ($58.0M)
Long Term Liabilities: NODL's short term assets (47.7M) do not cover its long term liabilities (365.2M)
Debt to Equity History and Analysis
Debt Level: NODL's debt to equity ratio (55.5%) is considered high
Reducing Debt: Insufficient data to determine if NODL's debt to equity ratio has reduced over the past 5 years.
Inventory Level: NODL has a high level of physical assets or inventory.
Debt Coverage by Assets: NODL's debt is not covered by short term assets (assets are 0.1x debt).
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: NODL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NODL has sufficient cash runway for 1.083150 years if free cash flow continues to reduce at historical rates of -41.5% each year.
What is Northern Drilling's current dividend yield, its reliability and sustainability?
Expected Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: Unable to evaluate NODL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NODL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if NODL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NODL'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 NODL's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
What is the CEO of Northern Drilling's salary, the management and board of directors tenure and is there insider trading?
Average board tenure
Scott McReaken (41yo)
Mr. Scott McReaken has been the Chief Executive Officer at Sevan Drilling Limited since November 15, 2013. Mr. McReaken has been the Chief Financial Officer of North Atlantic Management AS at North Atlanti ...
Board Age and Tenure
Experienced Board: NODL's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Scott McReaken (41yo)
Chief Executive Officer
- Tenure: 0.8yrs
Gary Casswell (66yo)
Chairman of the Board
- Tenure: 2.1yrs
Jon Østhus (66yo)
- Tenure: 1.4yrs
Gunnar Eliassen (33yo)
- Tenure: 0.7yrs
Keesjan Cordia (44yo)
- Tenure: 1.1yrs
Northern Drilling Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Northern Drilling Ltd.
- Ticker: NODL
- Exchange: OB
- Founded: 2017
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: kr2.592b
- Shares outstanding: 107.56m
- Website: https://www.northerndrillingltd.com
Number of Employees
- Northern Drilling Ltd.
- Par La Ville Place
- 14th Par La Ville Road
- HM 08
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NODL||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Mar 2017|
|ND6||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2017|
|NODLO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Mar 2017|
Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. It owns a one semi-submersible drilling rig and one semi-submersible under ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/12 23:16|
|End of Day Share Price||2019/10/11 00:00|
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.