Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. More Details
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.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
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.
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
6 months ago | Simply Wall StInvestors Who Bought Northern Drilling (OB:NODL) Shares Three Years Ago Are Now Down 92%
9 months ago | Simply Wall StCould The Northern Drilling Ltd. (OB:NODL) Ownership Structure Tell Us Something Useful?
1 year ago | Simply Wall StHow Much Of Northern Drilling Ltd. (OB:NODL) Do Institutions Own?
Is Northern Drilling undervalued compared to its fair value and its price relative to the market?
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).
How is Northern Drilling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has Northern Drilling performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Scott McReaken (42 yo)
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...
|Chairman of the Board||3.17yrs||no data||no data|
|Director||2.5yrs||no data||no data|
|Director||2.17yrs||no data||no data|
Experienced Board: NODL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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: kr93.733m
- Shares outstanding: 16.13m
- 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 two semi-submersible drilling rigs, as well as owns two drillships...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/29 17:20|
|End of Day Share Price||2020/11/27 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.