Borr Drilling Future Growth

Future criteria checks 4/6

Borr Drilling is forecast to grow earnings and revenue by 45.2% and 13.2% per annum respectively. EPS is expected to grow by 41.6% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

45.2%

Earnings growth rate

41.6%

EPS growth rate

Energy Services earnings growth	19.5%
Revenue growth rate	13.2%
Future return on equity	16.1%
Analyst coverage	Good
Last updated	15 Apr 2024

Recent future growth updates

Recent updates

Borr Drilling: Debt Refinancing Woes Likely To Result In Substantial Dilution For Equityholders

Jul 14

Borr Drilling: Modern Jackup Demand Projected To Outstrip Supply Soon - Buy

Jun 01

Borr Drilling - Recent Outperformance Unlikely To Persist

Apr 06

Borr Drilling: A Look At Q4 2021 Results

Feb 17

Borr's Outlook Gets More Constructive After Debt Deal

Dec 28

Borr Drilling: A Look At Q2 2021 Results

Sep 02

Borr Drilling: Dilution Remains A Problem

Jul 13

Borr Drilling: Stock Remains In Hibernation Mode

Jun 15

Earnings and Revenue Growth Forecasts

NYSE:BORR - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,155	202	268	339	3
12/31/2025	1,063	240	195	304	6
12/31/2024	958	172	-141	266	6
12/31/2023	772	22	-165	-51	N/A
9/30/2023	700	-28	-12	106	N/A
6/30/2023	616	-83	-35	80	N/A
3/31/2023	534	-249	-36	69	N/A
12/31/2022	444	-293	-21	63	N/A
9/30/2022	364	-318	-88	-39	N/A
6/30/2022	329	-295	-89	-54	N/A
3/31/2022	279	-190	-80	-57	N/A
12/31/2021	245	-193	-78	-59	N/A
9/30/2021	236	-206	-89	-73	N/A
6/30/2021	223	-235	-94	-72	N/A
3/31/2021	252	-285	-97	-66	N/A
12/31/2020	308	-318	-97	-55	N/A
9/30/2020	340	-319	-91	-26	N/A
6/30/2020	384	-336	-103	-31	N/A
3/31/2020	386	-330	-194	-80	N/A
12/31/2019	334	-298	-361	-89	N/A
9/30/2019	295	-348	-387	-121	N/A
6/30/2019	242	-308	-364	-114	N/A
3/31/2019	206	-212	-665	-104	N/A
12/31/2018	165	-190	-529	-135	N/A
9/30/2018	112	-142	-1,142	-256	N/A
6/30/2018	62	-112	-1,154	-270	N/A
3/31/2018	11	-117	-1,018	-226	N/A
12/31/2017	0	-88	-1,090	-185	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BORR's forecast earnings growth (45.2% per year) is above the savings rate (2.4%).

Earnings vs Market: BORR's earnings (45.2% per year) are forecast to grow faster than the US market (14% per year).

High Growth Earnings: BORR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BORR's revenue (13.2% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: BORR's revenue (13.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BORR's Return on Equity is forecast to be low in 3 years time (16.1%).

Borr Drilling Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Borr Drilling Limited Receives A Notice of Temporary Suspension of Operation for Its Rig

Forecast breakeven date pushed back to 2024

Forecast breakeven date moved forward to 2023

Forecast breakeven date pushed back to 2024

Price target increased by 17% to US$8.00

Borr Drilling Limited Revises Its Earnings Guidance for the Fourth Quarter and Full Year 2022

Recent updates

Borr Drilling Limited Receives A Notice of Temporary Suspension of Operation for Its Rig

Borr Drilling: Downgrading On Potential Saudi Aramco Jackup Market Impact

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Borr Drilling Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024

Borr Drilling Limited(OB:BORR) dropped from Oslo OBX Total Return Index

Borr Drilling: Fundamentals Remain Strong

Full year 2023 earnings released: EPS: US$0.09 (vs US$1.64 loss in FY 2022)

New major risk - Financial position

Borr Drilling Limited Approves Cash Dividend for the Fourth Quarter of 2023, Payable on or About 18 March, 2024

Forecast breakeven date pushed back to 2024

Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out

Borr Drilling: Still Undervalued, But The Easy Money Has Already Been Made

Borr Drilling Limited Approves Cash Distribution for the Third Quarter of 2023

Borr Drilling: Jackup Market Expected To Remain Strong - Buy

Forecast breakeven date moved forward to 2023

Borr Drilling Limited (OB:BORR) announces an Equity Buyback for $100 million worth of its shares.

Borr Drilling Limited to Report Q1, 2024 Results on May 31, 2024

Forecast breakeven date pushed back to 2024

Borr Drilling Limited Proposes Quarterly Dividend

Borr Drilling Limited Proposes Quarterly Dividend

Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.30 loss in 3Q 2022)

Borr Drilling: The Rating Agencies Are Turning Positive Too

Borr Drilling - Refinancing Terms Disappoint But Weakness Seems Overdone

Borr Drilling Limited announced that it has received $49.99979 million in funding

Borr Drilling Limited Announces Board Appointments

Borr Drilling: The Jack-Ups Orderbook Is At 20-Year Lows

Second quarter 2023 earnings released: EPS: US$0.003 (vs US$1.09 loss in 2Q 2022)

Borr Drilling: Q2 Results And Outlook Disappoint - Buy On Weakness

Borr Drilling: Accelerated Refinancing Could Provide A Near-Term Catalyst - Buy

First quarter 2023 earnings released: US$0.032 loss per share (vs US$0.35 loss in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Full year 2022 earnings released: US$1.64 loss per share (vs US$1.43 loss in FY 2021)

Price target increased by 17% to US$8.00

Borr Drilling Limited Revises Its Earnings Guidance for the Fourth Quarter and Full Year 2022

Borr Drilling: Impressive Results And Outlook - Buy

Borr Drilling rises after bagging contracts for jack-up drilling rigs

Borr Drilling Limited to Report Q4, 2023 Results on Feb 28, 2024

Founder & Chairman of the Board recently bought US$514k worth of stock

Third quarter 2022 earnings released: US$0.36 loss per share (vs US$0.24 loss in 3Q 2021)

Borr Drilling Limited Provides Revenue Guidance for the Fourth Quarter of 2022

Borr Drilling GAAP EPS of -$0.30, revenue of $107.9M; updated FY22 guidance

Price target increased to US$6.00

Independent Director recently bought US$63k worth of stock

Borr Drilling: Strong Progress Expected In 2023 And 2024

Borr Drilling Limited, Annual General Meeting, Sep 30, 2022

Price target increased to US$6.00

Forecast to breakeven in 2023

Second quarter 2022 earnings released: US$1.09 loss per share (vs US$0.44 loss in 2Q 2021)

Borr Drilling Limited Reports Impairment of Assets for the Second Quarter Ended June 30, 2022

Borr Drilling GAAP EPS of -$1.09, revenue of $105.3M

Borr Drilling Limited to Report Q2, 2022 Results on Aug 09, 2022

Borr Drilling Limited Announcement of LoI for Jack-Up Drilling Rig

Borr Drilling: Debt Refinancing Woes Likely To Result In Substantial Dilution For Equityholders

First quarter 2022 earnings released: US$0.35 loss per share (vs US$0.42 loss in 1Q 2021)

Borr Drilling: Modern Jackup Demand Projected To Outstrip Supply Soon - Buy

Borr Drilling Limited Reiterates Revenue Guidance for the Year 2022

Full year 2021 earnings released: US$1.43 loss per share (vs US$4.23 loss in FY 2020)

Borr Drilling Limited to Report Fiscal Year 2021 Results on Apr 07, 2022

Borr Drilling - Recent Outperformance Unlikely To Persist

Borr Drilling Limited Announces Changes to the Board of Directors

No longer forecast to breakeven

No longer forecast to breakeven

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Borr Drilling: A Look At Q4 2021 Results

Borr Drilling Limited Announces Board Changes

Forecast to breakeven in 2023

Borr Drilling Limited announced that it has received $29.999999 million in funding

Borr's Outlook Gets More Constructive After Debt Deal