Executive Summary
Shelf Drilling, Ltd., through its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, South East Asia, India, West Africa, and the Mediterranean.
Snowflake
Fundamentals
Fair value with mediocre balance sheet.
Risks
- Shelf Drilling has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Shelf Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
9.8%
OB:SHLF
3.8%
NO Energy Services
2.4%
NO Market
1 Year Return
-71.6%
OB:SHLF
-40.8%
NO Energy Services
-14.2%
NO Market
SHLF underperformed the Energy Services industry which returned -41.1% over the past year.
SHLF underperformed the Market in Norway which returned -14.6% over the past year.
Share holder returns
| SHLF | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.8% | 3.8% | 2.4% |
| 30 Day | -40.6% | -13.2% | -3.1% |
| 90 Day | -54.9% | -20.4% | -4.4% |
| 1 Year | -71.6%-71.6% | -39.7%-40.8% | -9.3%-14.2% |
| 3 Year | n/a | -3.2%-9.8% | 38.7%20.4% |
| 5 Year | n/a | -52.0%-65.8% | 38.0%6.6% |
Price Volatility Vs. Market
How volatile is Shelf Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Introducing Shelf Drilling (OB:SHLF), The Stock That Slid 54% In The Last Year2 months ago | Simply Wall St
Such Is Life: How Shelf Drilling (OB:SHLF) Shareholders Saw Their Shares Drop 54%3 months ago | Simply Wall St
Shelf Drilling, Ltd.'s (OB:SHLF) Profit OutlookValuation
Is Shelf Drilling undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Shelf Drilling's share price is below the future cash flow value, and at a moderate discount (> 20%).
Shelf Drilling's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Shelf Drilling is loss making, we can't compare its value to the NO Energy Services industry average.
Shelf Drilling is loss making, we can't compare the value of its earnings to the Norway market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Shelf Drilling, we can't assess if its growth is good value.
Price Based on Value of Assets
Shelf Drilling is good value based on assets compared to the NO Energy Services industry average.
Next Steps
Future Growth
How is Shelf Drilling expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
50.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Shelf Drilling's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Shelf Drilling is not considered high growth as it is expected to be loss making for the next 1-3 years.
Shelf Drilling's revenue growth is expected to exceed the Norway market average.
Unable to compare Shelf Drilling's earnings growth to the Norway market average as it is expected to be loss making during the next 1-3 years.
Unable to compare Shelf Drilling's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Shelf Drilling will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
Next Steps
Past Performance
How has Shelf Drilling performed over the past 5 years?
-44.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Shelf Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Shelf Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Shelf Drilling's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Shelf Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
Shelf Drilling used its assets less efficiently than the NO Energy Services industry average last year based on Return on Assets.
Return on Capital Employed
It is difficult to establish if Shelf Drilling improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is Shelf Drilling's financial position?
Financial Position Analysis
Shelf Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Shelf Drilling's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Shelf Drilling's level of debt (132.8%) compared to net worth is high (greater than 40%).
Unable to establish if Shelf Drilling's debt level has increased without past 5-year debt data.
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.3x 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.
Shelf Drilling has sufficient cash runway for 1.3 years based on current free cash flow.
Shelf Drilling has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 38.6% each year.
Next Steps
Dividend
What is Shelf Drilling's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Shelf Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Shelf Drilling's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Shelf Drilling has not reported any payouts.
Unable to verify if Shelf Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Shelf Drilling has not reported any payouts.
Future Payout to Shareholders
No need to calculate the sustainability of Shelf Drilling's dividends in 3 years as they are not expected to pay a notable one for Norway.
Next Steps
Management
What is the CEO of Shelf Drilling's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average board tenure
CEO
David Mullen (61yo)
6.8yrs
Tenure
Mr. David J. Mullen serves as the Chief Executive Officer at Shelf Drilling Holdings Limited and Shelf Drilling, Ltd. Mr. Mullen was founder of Shelf Drilling Holdings Limited. Mr. Mullen has over 30 years ...
Board Age and Tenure
4.1yrs
Average Tenure
65yo
Average Age
The tenure for the Shelf Drilling board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Company |
| Shares | 23,076,922 |
| Max Price | US$57.08 |
| Entity | Company |
| Shares | 3,692,308 |
| Max Price | US$57.08 |
Ownership Breakdown
Management Team
David Mullen (61yo)
CEO & Director
- Tenure: 6.8yrs
Ian Clark (59yo)
Executive Vice President
- Tenure: 0.0yrs
Kurt Hoffman (65yo)
Executive VP & COO
- Tenure: 0.0yrs
Dzul Bakar (52yo)
VP, General Counsel & Secretary
- Tenure: 0.0yrs
Greg O’Brien (32yo)
Executive VP & CFO
- Tenure: 3.4yrs
Board Members
David Pittaway (67yo)
Director
- Tenure: 4.1yrs
JKC Castle (79yo)
Director
- Tenure: 6.8yrs
Ben Sebel
Director
- Tenure: 6.8yrs
John Reynolds (48yo)
Director
- Tenure: 6.9yrs
Ernie Danner (64yo)
Chairman
- Tenure: 0.8yrs
David Mullen (61yo)
CEO & Director
- Tenure: 6.8yrs
Graham Brooke
Director
- Tenure: 2.3yrs
David Williams (66yo)
Director
- Tenure: 2.0yrs
Usama Trabulsi (73yo)
Director
- Tenure: 2.3yrs
J. Franklin (47yo)
Director
- Tenure: 6.9yrs
Company Information
Shelf Drilling, Ltd.'s company bio, 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
- Market Cap: kr2.274b
- Shares outstanding: 135.73m
- Website: https://www.shelfdrilling.com
Number of Employees
Location
- Shelf Drilling, Ltd.
- One JLT
- Floor 12
- Dubai
- United Arab Emirates
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SHLF | OB (Oslo Bors) | Yes | Common Shares | NO | NOK | May 2017 |
| SHLFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | NOK | May 2017 |
| 6SD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 2017 |
Biography
Shelf Drilling, Ltd., through its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, South East Asia, India, West Africa, and the Mediterranean. It provides equipmen ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 22:09 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.