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Seadrill Partners LLC owns, operates, and acquires offshore drilling units in the United States, Angola, Thailand, Canada, Equatorial Guinea, Nigeria, Indonesia, Ghana, and internationally. The last earnings update was 90 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Seadrill Partners (SDLP) | -3.8% | -42.4% | -63.4% | -69.2% | -51.9% | -96.8% |
US Energy Services | -0.3% | 4.6% | -26.5% | -26.6% | -29.1% | -60.9% |
US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Seadrill Partners.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 17.3% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Energy Services Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.061 (1 + (1- 19%) (3296.46%)) |
29.405 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 7.27%) |
17.27% |
Discounted Cash Flow Calculation for NYSE:SDLP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Seadrill Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 222.62 | 212.85 | 203.51 | 194.58 | 186.04 |
Source | Est @ -4.39% | Est @ -4.39% | Est @ -4.39% | Est @ -4.39% | Est @ -4.39% |
Present Value Discounted (@ 17.27%) |
189.84 | 154.78 | 126.19 | 102.88 | 83.88 |
Present value of next 5 years cash flows | $657.57 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $186.04 × (1 + 2.73%) ÷ (17.27% – 2.73%) |
$1,314.45 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $1,314.45 ÷ (1 + 17.27%)5 |
$592.66 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $657.57 + $592.66 |
$1,250.23 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,250.23 / 91.82 |
$13.62 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $13.62 |
Current discount | Discount to share price of
$1.02
= -1 x ($1.02 - $13.62) / $13.62 |
92.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-09-30) in USD | $1.54 |
NYSE:SDLP Share Price ** | NYSE (2019-02-15) in USD | $1.02 |
United States of America Energy Services Industry PE Ratio | Median Figure of 34 Publicly-Listed Energy Services Companies | 12.8x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Seadrill Partners.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:SDLP Share Price ÷ EPS (both in USD) = 1.02 ÷ 1.54 |
0.66x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 0.66x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
Not available |
United States of America Energy Services Industry PEG Ratio | Median Figure of 29 Publicly-Listed Energy Services Companies | 0.65x |
United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-09-30) in USD | $15.21 |
NYSE:SDLP Share Price * | NYSE (2019-02-15) in USD | $1.02 |
United States of America Energy Services Industry PB Ratio | Median Figure of 88 Publicly-Listed Energy Services Companies | 0.81x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:SDLP Share Price ÷ Book Value per Share (both in USD) = 1.02 ÷ 15.21 |
0.07x |
* Primary Listing of Seadrill Partners.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
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 Seadrill Partners 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 Simply Wall St do have past financial data. You can see them here.
Data Point | Source | Value (per year) |
---|---|---|
United States of America Energy Services Industry Earnings Growth Rate | Market Cap Weighted Average | 32.1% |
United States of America Energy Services Industry Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2019-12-31 | ||||
2018-12-31 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-09-30 | 843 | 492 | 142 |
2018-06-30 | 911 | 330 | 197 |
2018-03-31 | 942 | 420 | 81 |
2017-12-31 | 1,015 | 476 | 141 |
2017-09-30 | 1,050 | 508 | 214 |
2017-06-30 | 1,100 | 727 | 251 |
2017-03-31 | 1,225 | 818 | 299 |
2016-12-31 | 1,369 | 874 | 279 |
2016-09-30 | 1,460 | 1,081 | 243 |
2016-06-30 | 1,581 | 902 | 181 |
2016-03-31 | 1,628 | 921 | 223 |
2015-12-31 | 1,617 | 860 | 225 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Seadrill Partners Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2019-12-31 | ||||
2018-12-31 |
Date (Data in USD Millions) | EPS * |
---|---|
2018-09-30 | 1.54 |
2018-06-30 | 2.15 |
2018-03-31 | 0.88 |
2017-12-31 | 1.54 |
2017-09-30 | 2.33 |
2017-06-30 | 2.73 |
2017-03-31 | 3.26 |
2016-12-31 | 3.03 |
2016-09-30 | 2.64 |
2016-06-30 | 1.97 |
2016-03-31 | 2.42 |
2015-12-31 | 2.45 |
*GAAP earnings excluding extraordinary items.
How has Seadrill Partners performed over the past 5 years?
All data from Seadrill Partners Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-09-30 | 843.10 | 141.70 | 44.90 | |
2018-06-30 | 910.50 | 197.20 | 40.90 | |
2018-03-31 | 941.70 | 81.20 | 45.20 | |
2017-12-31 | 1,014.80 | 141.20 | 44.80 | |
2017-09-30 | 1,050.10 | 214.20 | 46.40 | |
2017-06-30 | 1,100.00 | 251.10 | 47.60 | |
2017-03-31 | 1,225.40 | 299.20 | 37.80 | |
2016-12-31 | 1,368.70 | 278.50 | 41.20 | |
2016-09-30 | 1,460.00 | 242.60 | 43.60 | |
2016-06-30 | 1,581.00 | 181.00 | 47.60 | |
2016-03-31 | 1,628.30 | 222.50 | 51.90 | |
2015-12-31 | 1,617.00 | 224.60 | 51.60 | |
2015-09-30 | 1,601.80 | 194.20 | 53.80 | |
2015-06-30 | 1,501.40 | 226.70 | 54.30 | |
2015-03-31 | 1,432.70 | 156.60 | 51.20 | |
2014-12-31 | 1,302.70 | 138.20 | 51.00 | |
2014-09-30 | 1,212.70 | 135.50 | 44.60 | |
2014-06-30 | 1,145.30 | 60.70 | 48.90 | |
2014-03-31 | 1,063.90 | 75.20 | 52.70 | |
2013-12-31 | 1,052.90 | 86.60 | 49.60 | |
2013-09-30 | 1,229.60 | -68.40 | 57.40 | |
2013-06-30 | 1,115.90 | -6.90 | 46.30 | |
2013-03-31 | 993.60 | -8.70 | 40.20 | |
2012-12-31 | 878.60 | 198.60 | 37.20 | |
2012-09-30 | 544.25 | 159.60 | 22.95 | |
2012-06-30 | 513.40 | 144.70 | 23.50 | |
2012-03-31 | 498.55 | 145.85 | 20.50 |
*GAAP earnings excluding extraordinary items.
How is Seadrill Partners's financial health and their level of debt?
All data from Seadrill Partners Company Filings, last reported 4 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-09-30 | 2,836.90 | 3,087.40 | 881.70 |
2018-06-30 | 2,870.50 | 3,261.70 | 805.90 |
2018-03-31 | 2,672.50 | 3,310.20 | 859.60 |
2017-12-31 | 2,701.80 | 3,396.80 | 848.60 |
2017-09-30 | 2,681.70 | 3,400.20 | 845.30 |
2017-06-30 | 2,644.30 | 3,535.40 | 919.10 |
2017-03-31 | 2,627.70 | 3,624.90 | 866.60 |
2016-12-31 | 2,535.80 | 3,655.80 | 770.00 |
2016-09-30 | 2,343.20 | 3,776.30 | 744.60 |
2016-06-30 | 2,204.40 | 3,821.20 | 450.10 |
2016-03-31 | 2,126.30 | 3,947.10 | 401.20 |
2015-12-31 | 2,097.40 | 3,924.40 | 321.20 |
2015-09-30 | 2,010.20 | 3,878.00 | 189.40 |
2015-06-30 | 2,090.70 | 3,965.50 | 199.90 |
2015-03-31 | 1,997.20 | 3,706.50 | 243.40 |
2014-12-31 | 2,044.30 | 3,628.10 | 248.70 |
2014-09-30 | 1,836.50 | 3,258.10 | 451.40 |
2014-06-30 | 2,066.60 | 3,279.20 | 523.30 |
2014-03-31 | 1,769.30 | 3,170.10 | 130.10 |
2013-12-31 | 1,254.60 | 2,360.50 | 132.10 |
2013-09-30 | 1,014.60 | 1,292.80 | 71.80 |
2013-06-30 | 1,027.80 | 1,331.80 | 50.00 |
2013-03-31 | 1,024.40 | 1,192.50 | 20.00 |
2012-12-31 | 1,424.40 | 2,076.00 | 21.20 |
2012-09-30 | |||
2012-06-30 | 936.80 | 1,237.70 | 2.90 |
2012-03-31 | 793.00 | 1,330.50 | 15.40 |
What is Seadrill Partners's current dividend yield, its reliability and sustainability?
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
United States of America Energy Services Industry Average Dividend Yield | Market Cap Weighted Average of 17 Stocks | 3.3% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2019-12-31 | ||
2018-12-31 |
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-11-20 | 0.400 | 25.252 |
2018-08-21 | 0.400 | 11.715 |
2018-05-24 | 0.400 | 11.538 |
2018-04-13 | 0.400 | 11.964 |
2018-02-22 | 0.400 | 13.387 |
2017-11-21 | 0.400 | 11.192 |
2017-08-17 | 0.400 | 11.054 |
2017-06-27 | 0.400 | 12.948 |
2017-05-24 | 0.400 | 12.164 |
2017-04-27 | 0.400 | 12.796 |
2017-02-28 | 0.400 | 12.490 |
2016-12-21 | 0.400 | 8.947 |
2016-11-22 | 0.400 | 10.388 |
2016-07-26 | 0.400 | 11.367 |
2016-06-30 | 1.000 | 17.343 |
2016-05-26 | 1.000 | 18.476 |
2015-12-18 | 1.000 | 30.337 |
2015-11-24 | 2.270 | 43.368 |
2015-10-05 | 2.270 | 21.186 |
2015-08-27 | 2.270 | 22.506 |
2015-07-02 | 2.270 | 19.655 |
2015-05-28 | 2.270 | 16.887 |
2015-02-26 | 2.270 | 16.543 |
2015-02-04 | 2.210 | 14.084 |
2014-11-26 | 2.210 | 14.383 |
2014-09-16 | 2.170 | 8.196 |
2014-08-27 | 2.170 | 6.532 |
2014-06-10 | 2.030 | 6.162 |
2014-05-28 | 2.030 | 6.126 |
2014-04-30 | 2.030 | 6.615 |
2014-02-25 | 1.780 | 5.883 |
2013-11-29 | 1.710 | 5.463 |
2013-11-25 | 1.710 | 5.435 |
2013-08-28 | 1.670 | 5.191 |
2013-05-28 | 1.550 | 5.328 |
2013-01-25 | 1.550 | 5.515 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Mark Morris has been the Chief Executive Officer at Seadrill Partners LLC since September 2015. Mr. Morris has been Chief Financial Officer of Seadrill Limited since September 1, 2015. He served as Chief Financial Officer at Rolls-Royce Group plc and held a number of roles in his 28 years with them. He served as Group Treasurer, Managing Director od RollsRoyce Capital and Treasurer of International Aero Engines, a Rolls-Royce Joint Venture.
Average tenure and age of the Seadrill Partners board of directors in years:
and looking to gauge the potential return on investment in Seadrill Partners LLC (NYSE:SDLP). … Seadrill Partners LLC (NYSE:SDLP) delivered an ROE of 4.20% over the past 12 months, which is relatively in-line with its industry average of 6.75% during the same period. … But what is more interesting is whether SDLP can sustain or improve on this level of return.
Simply Wall St - – Full articleThe content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Seadrill Partners LLC (NYSE:SDLP)’s fundamentals and stock market performance. … While this makes SDLP appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.
Simply Wall St - – Full articleFor Seadrill Partners, its most recent earnings (trailing twelve month) is US$141.20M, which, against the previous year's level, has dropped by a substantial -49.30%. … This shows that, in the recent industry expansion, Seadrill Partners has not been able to realize the gains unlike its average peer.What does this mean? … I suggest you continue to research Seadrill Partners to get a more holistic view of the stock by looking at: Financial Health: Is SDLP’s operations financially sustainable?
Simply Wall St - – Full articleEnergy companies, such as Seadrill Partners, trading at a market price below their true values are considered to be undervalued. … SDLP's stock is currently floating at around -88% lower than its actual value of $27.86, at a price of US$3.28, according to my discounted cash flow model. … CPLP's shares are currently trading at -75% below its true level of $12.33, at the market price of US$3.09, based on my discounted cash flow model.
Simply Wall St - – Full articleUndervalued energy companies, such as Seadrill Partners and Natural Resource Partners, trade at a price less than their true values. … CPLP's stock is now trading at -76% under its real value of $12.8, at the market price of US$3.09, based on my discounted cash flow model. … Also, CPLP’s PE ratio is around 14.32x against its its index peer level of, 18x indicating that relative to its comparable company group, CPLP’s stock can be bought at a cheaper price.
Simply Wall St - – Full articleSee our latest analysis for SDLP Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of SDLP’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:SDLP Last Perf Nov 21st 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.
Simply Wall St - – Full article
Seadrill Partners LLC owns, operates, and acquires offshore drilling units in the United States, Angola, Thailand, Canada, Equatorial Guinea, Nigeria, Indonesia, Ghana, and internationally. The company primarily serves various oil and gas companies. As of March 31, 2018, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs. The company was founded in 2012 and is headquartered in London, the United Kingdom.
Name: | Seadrill Partners LLC |
SDLP | |
Exchange: | NYSE |
Founded: | 2012 |
$93,658,032 | |
91,821,600 | |
Website: | http://www.seadrillpartners.com |
Address: |
Seadrill Partners LLC Building 11, 2nd Floor, London, Greater London, W4 5YS, United Kingdom |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | SDLP | Common Units | New York Stock Exchange | US | USD | 19. Oct 2012 | |
DB | 8SD | Common Units | Deutsche Boerse AG | DE | EUR | 19. Oct 2012 |
Oil and Gas Drilling | |
Energy |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/18 03:09 |
End of day share price update: | 2019/02/15 00:00 |
Last estimates confirmation: | 2018/08/22 |
Last earnings filing: | 2018/11/20 |
Last earnings reported: | 2018/09/30 |
Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.