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SHLF

Shelf Drilling OB:SHLF Stock Report

Last Price

kr11.84

Market Cap

kr2.2b

7D

-9.6%

1Y

136.8%

Updated

01 Jul, 2022

Data

Company Financials +
SHLF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SHLF Stock Overview

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, and West Africa.

Shelf Drilling Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shelf Drilling
Historical stock prices
Current Share Pricekr11.84
52 Week Highkr24.60
52 Week Lowkr3.72
Beta2.46
1 Month Change-37.75%
3 Month Change-14.57%
1 Year Change136.80%
3 Year Change-60.00%
5 Year Change-82.06%
Change since IPO-84.62%

Recent News & Updates

Shareholder Returns

SHLFNO Energy ServicesNO Market
7D-9.6%-2.9%1.3%
1Y136.8%26.8%4.9%

Return vs Industry: SHLF exceeded the Norwegian Energy Services industry which returned 26.8% over the past year.

Return vs Market: SHLF exceeded the Norwegian Market which returned 4.9% over the past year.

Price Volatility

Is SHLF's price volatile compared to industry and market?
SHLF volatility
SHLF Average Weekly Movement12.0%
Energy Services Industry Average Movement10.1%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.9%
10% least volatile stocks in NO Market4.0%

Stable Share Price: SHLF is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SHLF's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20122,112David Mullenhttps://www.shelfdrilling.com

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, and West Africa. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells. It serves government owned or controlled energy companies, and publicly listed global integrated oil companies or independent exploration and production companies.

Shelf Drilling Fundamentals Summary

How do Shelf Drilling's earnings and revenue compare to its market cap?
SHLF fundamental statistics
Market CapUS$221.72m
Earnings (TTM)-US$66.89m
Revenue (TTM)US$552.85m

0.4x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHLF income statement (TTM)
RevenueUS$552.85m
Cost of RevenueUS$380.14m
Gross ProfitUS$172.71m
Other ExpensesUS$239.60m
Earnings-US$66.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)-0.38
Gross Margin31.24%
Net Profit Margin-12.10%
Debt/Equity Ratio569.4%

How did SHLF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SHLF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SHLF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA8.9x
PEG Ration/a

Price to Sales Ratio vs Peers

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

SHLF PS Ratio vs Peers
The above table shows the PS ratio for SHLF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
NOL Northern Ocean
2.9x74.1%kr1.4b
OTL Odfjell Technology
0.3x7.2%kr805.1m
ODL Odfjell Drilling
0.6x-8.1%kr5.5b
BORR Borr Drilling
2.1x42.9%kr6.7b
SHLF Shelf Drilling
0.4xn/akr2.2b

Price-To-Sales vs Peers: SHLF is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: SHLF is good value based on its Price-To-Sales Ratio (0.4x) compared to the Norwegian Energy Services industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is SHLF'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.

SHLF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SHLF's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SHLF (NOK11.84) is trading below our estimate of fair value (NOK42.16)

Significantly Below Fair Value: SHLF is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.2%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shelf Drilling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Shelf Drilling is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Shelf Drilling competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Shelf Drilling performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHLF is currently unprofitable.

Growing Profit Margin: SHLF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SHLF is unprofitable, and losses have increased over the past 5 years at a rate of 11.4% per year.

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

Earnings vs Industry: SHLF is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-45.5%).


Return on Equity

High ROE: SHLF has a negative Return on Equity (-31.9%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Shelf Drilling's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SHLF's short term assets ($417.4M) exceed its short term liabilities ($136.2M).

Long Term Liabilities: SHLF's short term assets ($417.4M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: SHLF's net debt to equity ratio (467.1%) is considered high.

Reducing Debt: SHLF's debt to equity ratio has increased from 96.8% to 569.4% 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: SHLF has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SHLF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate SHLF'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 SHLF's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SHLF has not reported any payouts.


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Management

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

9.1yrs

Average board tenure


CEO

David Mullen (64 yo)

9.67yrs

Tenure

Mr. David J. Mullen serves as the Chief Executive Officer at Shelf Drilling Holdings Limited and Shelf Drilling, Ltd since October 2012. Mr. Mullen was founder of Shelf Drilling Holdings Limited. Mr. Mulle...


Board Members

Experienced Board: SHLF's board of directors are considered experienced (9.1 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 28.2%.


Top Shareholders

Company Information

Shelf Drilling, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shelf Drilling, Ltd.
  • Ticker: SHLF
  • Exchange: OB
  • Founded: 2012
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Implied Market Cap: kr2.190b
  • Shares outstanding: 175.52m
  • Website: https://www.shelfdrilling.com

Number of Employees


Location

  • Shelf Drilling, Ltd.
  • One JLT
  • Floor 12
  • Dubai
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.