OB:SHLF

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Shelf Drilling

Executive Summary

Shelf Drilling, Ltd., through its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, South East Asia, India, and West Africa. More Details


Snowflake Analysis

Imperfect balance sheet and overvalued.


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

Stable Share Price: SHLF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.5%

SHLF

-6.8%

NO Energy Services

-4.6%

NO Market


1 Year Return

-90.6%

SHLF

-55.9%

NO Energy Services

-12.3%

NO Market

Return vs Industry: SHLF underperformed the Norwegian Energy Services industry which returned -53.5% over the past year.

Return vs Market: SHLF underperformed the Norwegian Market which returned -8.8% over the past year.


Shareholder returns

SHLFIndustryMarket
7 Day-14.5%-6.8%-4.6%
30 Day-27.5%0.6%-1.3%
90 Day-49.0%-11.8%-0.9%
1 Year-90.6%-90.6%-54.1%-55.9%-9.4%-12.3%
3 Year-97.4%-97.4%-70.6%-72.5%-0.04%-11.3%
5 Yearn/a-44.4%-62.7%38.3%10.8%

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

Valuation

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

0.066x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SHLF is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

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


Price to Book Ratio

PB vs Industry: SHLF is good value based on its PB Ratio (0.1x) compared to the NO Energy Services industry average (0.3x).


Next Steps

Future Growth

How is Shelf Drilling forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

53.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHLF is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SHLF is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SHLF is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SHLF's revenue is expected to decline over the next 3 years (-5.5% per year).

High Growth Revenue: SHLF's revenue is forecast to decline over the next 3 years (-5.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHLF is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Shelf Drilling performed over the past 5 years?

-27.0%

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 27% 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 (-41.5%).


Return on Equity

High ROE: SHLF has a negative Return on Equity (-73.63%), as it is currently unprofitable.


Next Steps

Financial Health

How is Shelf Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: SHLF's short term assets ($298.5M) exceed its short term liabilities ($147.1M).

Long Term Liabilities: SHLF's short term assets ($298.5M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: SHLF's debt to equity ratio (266.1%) is considered high.

Reducing Debt: Insufficient data to determine if SHLF's debt to equity ratio has reduced 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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SHLF has sufficient cash runway for 2.2 years if free cash flow continues to reduce at historical rates of 41.1% each year.


Next Steps

Dividend

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


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.


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 SHLF'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?

4.4yrs

Average board tenure


CEO

David Mullen (62 yo)

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 Members

NamePositionTenureCompensationOwnership
David Mullen
CEO & Director8yrsno data0.62%
$ 1.4m
David Pittaway
Independent Director5.25yrsno datano data
John Castle
Independent Director7.92yrsno datano data
Benjamin Sebel
Independent Director7.92yrsno datano data
John Reynolds
Independent Director8.08yrsno datano data
Ernie Danner
Independent Chairman1.92yrsno data0.055%
$ 127.8k
David Williams
Independent Director3.17yrsno datano data
Usama Trabulsi
Independent Director3.5yrsno datano data
Yongjian Cong
Director0.17yrno datano data
Dongyang Lou
Director0.17yrno datano data
J. Franklin
Independent Director8.08yrsno datano data

4.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: SHLF's board of directors are considered experienced (4.4 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: kr232.872m
  • Shares outstanding: 136.18m
  • Website: https://www.shelfdrilling.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHLFOB (Oslo Bors)YesCommon SharesNONOKMay 2017
SHLFOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKMay 2017
SHLL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2017
6SDDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2017

Biography

Shelf Drilling, Ltd., through its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, South East Asia, India, and West Africa. It pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 22:26
End of Day Share Price2020/10/26 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.