OB:NODL

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Northern Drilling

Executive Summary

Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NODL is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: NODL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

10.0%

NODL

8.8%

NO Energy Services

3.9%

NO Market


1 Year Return

-71.2%

NODL

-37.1%

NO Energy Services

-0.02%

NO Market

Return vs Industry: NODL underperformed the Norwegian Energy Services industry which returned -37.1% over the past year.

Return vs Market: NODL underperformed the Norwegian Market which returned -0% over the past year.


Shareholder returns

NODLIndustryMarket
7 Day10.0%8.8%3.9%
30 Day38.3%46.3%16.0%
90 Day2.8%22.3%8.6%
1 Year-71.2%-71.2%-34.0%-37.1%3.7%-0.02%
3 Year-90.8%-90.8%-58.6%-61.6%9.8%-2.6%
5 Yearn/a-26.0%-48.0%58.9%27.5%

Long-Term 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

Valuation

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

0.042x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: NODL is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.

PE vs Market: NODL 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 NODL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NODL is good value based on its PB Ratio (0x) compared to the NO Energy Services industry average (0.5x).


Next Steps

Future Growth

How is Northern Drilling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

44.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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: NODL is forecast to have no revenue next year.

High Growth Revenue: NODL is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NODL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Northern Drilling performed over the past 5 years?

-1,304.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NODL is currently unprofitable.

Growing Profit Margin: NODL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NODL's year-on-year earnings growth rate was positive over the past 5 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 (-27.1%).


Return on Equity

High ROE: NODL has a negative Return on Equity (-9.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is Northern Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: NODL's short term assets ($21.8M) exceed its short term liabilities ($15.3M).

Long Term Liabilities: NODL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NODL is debt free.

Reducing Debt: NODL had no debt 5 years ago.


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: 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 more than 3 years if free cash flow continues to reduce at historical rates of 1.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NODL'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 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.


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

Scott McReaken (42 yo)

1.92yrs

Tenure

Mr. Scott McReaken serves as Chief Executive Officer at Northern Ocean Ltd. He is Chief Executive Officer at Sevan Drilling Limited since November 15, 2013. Mr. McReaken has been the Chief Financial Office...


Board Members

NamePositionTenureCompensationOwnership
Gary Casswell
Chairman of the Board3.17yrsno datano data
Jon Østhus
Director2.5yrsno datano data
Keesjan Cordia
Director2.17yrsno datano data

2.5yrs

Average Tenure

67yo

Average Age

Experienced Board: NODL's board of directors are not considered experienced ( 2.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Northern Drilling Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Northern Drilling Ltd.
  • Ticker: NODL
  • Exchange: OB
  • Founded: 2017
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: kr93.733m
  • Shares outstanding: 16.13m
  • Website: https://www.northerndrillingltd.com

Number of Employees


Location

  • Northern Drilling Ltd.
  • Par La Ville Place
  • 14th Par La Ville Road
  • Hamilton
  • HM 08
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NODLOB (Oslo Bors)YesCommon SharesNONOKMar 2017
ND6DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2017
NODLOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKMar 2017

Biography

Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. It owns two semi-submersible drilling rigs, as well as owns two drillships...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 17:20
End of Day Share Price2020/11/27 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.