| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | kr11.84 |
| 52 Week High | kr24.60 |
| 52 Week Low | kr3.72 |
| Beta | 2.46 |
| 1 Month Change | -37.75% |
| 3 Month Change | -14.57% |
| 1 Year Change | 136.80% |
| 3 Year Change | -60.00% |
| 5 Year Change | -82.06% |
| Change since IPO | -84.62% |
Recent News & Updates
Shareholder Returns
| SHLF | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | -9.6% | -2.9% | 1.3% |
| 1Y | 136.8% | 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
| SHLF volatility | |
|---|---|
| SHLF Average Weekly Movement | 12.0% |
| Energy Services Industry Average Movement | 10.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in NO Market | 12.9% |
| 10% least volatile stocks in NO Market | 4.0% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 2,112 | David Mullen | https://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
| SHLF fundamental statistics | |
|---|---|
| Market Cap | US$221.72m |
| Earnings (TTM) | -US$66.89m |
| Revenue (TTM) | US$552.85m |
0.4x
P/S Ratio-3.1x
P/E RatioIs SHLF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SHLF income statement (TTM) | |
|---|---|
| Revenue | US$552.85m |
| Cost of Revenue | US$380.14m |
| Gross Profit | US$172.71m |
| Other Expenses | US$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 Margin | 31.24% |
| Net Profit Margin | -12.10% |
| Debt/Equity Ratio | 569.4% |
How did SHLF perform over the long term?
See historical performance and comparisonValuation
Is SHLF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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.
| What is SHLF's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$221.72m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2x |
| Enterprise Value/EBITDA | 8.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does SHLF's PS Ratio compare to its peers?
| SHLF PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.5x | ||
NOL Northern Ocean | 2.9x | 74.1% | kr1.4b |
OTL Odfjell Technology | 0.3x | 7.2% | kr805.1m |
ODL Odfjell Drilling | 0.6x | -8.1% | kr5.5b |
BORR Borr Drilling | 2.1x | 42.9% | kr6.7b |
SHLF Shelf Drilling | 0.4x | n/a | kr2.2b |
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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.4x |
| Fair PS Ratio | n/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.
Discover undervalued companies
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
0/6Future 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
0/6Past 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
2/6Financial 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.
Discover healthy companies
Dividend
What is Shelf Drilling current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend 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.
Discover strong dividend paying companies
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.