Vantage Drilling International Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate VDI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate VDI's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As VDI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VDI. This is calculated by dividing VDI's market cap by their current revenue.
What is VDI's PS Ratio?
PS Ratio	1.6x
Sales	US$218.33m
Market Cap	US$349.00m

VDI 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/Revenue	2.4x
Enterprise Value/EBITDA	13x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.6x
SHLF Shelf Drilling	0.2x	2.7%	NOK 2.6b
OTL Odfjell Technology	0.3x	2.7%	NOK 1.9b
SDNS Shelf Drilling (North Sea)	1.7x	34.5%	NOK 2.9b
ARCH Archer	0.2x	8.9%	NOK 2.0b
VDI Vantage Drilling International	1.6x	n/a	NOK 349.0m

Price-To-Sales vs Peers: VDI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

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

3 Companies	Price / Sales	Estimated Growth	Market Cap
PRS Prosafe	0.1x	24.4%	US$13.55m
HAVI Havila Shipping	0.1x	n/a	US$5.40m
DWELLOP Dwellop	0.09x	n/a	US$1.28m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: VDI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Norwegian Energy Services industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is VDI'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.

VDI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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