Seadrill Partners
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 64 days ago. More info.
Add to Portfolio Compare Print
- Seadrill Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
- Seadrill Partners has significant price volatility in the past 3 months.
SDLP Share Price and Events
7 Day Returns
1 Year Returns
SDLP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Seadrill Partners (SDLP) | -20% | -19.5% | -58% | -63.3% | -54.2% | -95.4% |
| US Energy Services | 5.6% | 23.5% | -17% | -39% | -21.8% | -58.9% |
| US Market | 3.2% | 11.4% | -1.4% | -6.5% | 42.1% | 41.6% |
1 Year Return vs Industry and Market
- SDLP underperformed the Energy Services industry which returned -39% over the past year.
- SDLP underperformed the Market in United States of America which returned -6.5% over the past year.
SDLP Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Seadrill Partners
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
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 | 0.95 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 19%) (1899.66%)) |
15.628 |
| 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
$1.40
= -1 x ($1.40 - $13.62) / $13.62 |
89.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Seadrill Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Seadrill Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Seadrill Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Seadrill Partners's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $1.54 |
| NYSE:SDLP Share Price ** | NYSE (2019-01-22) in USD | $1.4 |
| United States of America Energy Services Industry PE Ratio | Median Figure of 38 Publicly-Listed Energy Services Companies | 16.08x |
| United States of America Market PE Ratio | Median Figure of 3,026 Publicly-Listed Companies | 17.11x |
* 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) = 1.4 ÷ 1.54 |
0.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seadrill Partners is good value based on earnings compared to the US Energy Services industry average.
- Seadrill Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Seadrill Partners's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 0.91x |
| 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 33 Publicly-Listed Energy Services Companies | 0.71x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.29x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Seadrill Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Seadrill Partners's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $15.21 |
| NYSE:SDLP Share Price * | NYSE (2019-01-22) in USD | $1.4 |
| United States of America Energy Services Industry PB Ratio | Median Figure of 90 Publicly-Listed Energy Services Companies | 0.79x |
| United States of America Market PB Ratio | Median Figure of 5,101 Publicly-Listed Companies | 1.77x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:SDLP Share Price ÷ Book Value per Share (both in USD) = 1.4 ÷ 15.21 |
0.09x |
* Primary Listing of Seadrill Partners.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seadrill Partners is good value based on assets compared to the US Energy Services industry average.
Value checks
We assess Seadrill Partners's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check) Seadrill Partners has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SDLP Future Performance
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.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Seadrill Partners's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Seadrill Partners's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Seadrill Partners's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Energy Services Industry Earnings Growth Rate | Market Cap Weighted Average | 34.5% |
| United States of America Energy Services Industry Revenue Growth Rate | Market Cap Weighted Average | 8.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.6% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 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.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 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 3 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.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Seadrill Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Seadrill Partners's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Seadrill Partners has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SDLP Past Performance
How has Seadrill Partners performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Seadrill Partners's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Seadrill Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Seadrill Partners's 1-year earnings growth is negative, it can't be compared to the US Energy Services industry average.
Earnings and Revenue History
All data from Seadrill Partners Company Filings, last reported 3 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.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Seadrill Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Seadrill Partners used its assets more efficiently than the US Energy Services industry average last year based on Return on Assets.
- Seadrill Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Seadrill Partners's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Seadrill Partners has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SDLP Health
How is Seadrill Partners's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Seadrill Partners's finances.
The net worth of a company is the difference between its assets and liabilities.
- Seadrill Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Seadrill Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Seadrill Partners Company Filings, last reported 3 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 |
- Seadrill Partners's level of debt (108.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (128.2% vs 108.8% today).
- Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 0.8x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Seadrill Partners's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Seadrill Partners has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SDLP Dividends
What is Seadrill Partners's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Seadrill Partners
shares you are expected to receive
$571
in your first year as a dividend.
Dividend Amount
- Seadrill Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Seadrill Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| 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 18 Stocks | 3.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1986 Stocks | 2.6% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
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 | 19.662 |
| 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 >
- Whilst dividend payments have been stable, Seadrill Partners has been paying a dividend for less than 10 years.
- Seadrill Partners has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Seadrill Partners's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Seadrill Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Seadrill Partners has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SDLP Management
CEO
| AGE | 54 |
| TENURE AS CEO | 3.3 years |
CEO Bio
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.
CEO Compensation
- Insufficient data for Mark to compare compensation growth.
- Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team
Mark Morris
Chief Executive Officer
54
3.3 yrs
John Roche
Chief Financial Officer
38
3.6 yrs
Board of Directors Tenure
Average tenure and age of the Seadrill Partners board of directors in years:
- The tenure for the Seadrill Partners board of directors is about average.
Board of Directors
Harald Thorstein
Chairman of the Board
44
Bert Bekker
Director
79
6.3 yrs
Keith MacDonald
Director
60
4.3 yrs
Andy Cumming
Director
63
3.6 yrs
John Darlington
Director
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Seadrill Partners's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Seadrill Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SDLP News
Simply Wall St News
Why Seadrill Partners LLC's (NYSE:SDLP) ROE Of 4.20% Does Not Tell The Whole Story
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 articleIs Seadrill Partners LLC (NYSE:SDLP) A Buy At Its Current PE Ratio?
The 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 articleShould You Be Concerned With Seadrill Partners LLC's (NYSE:SDLP) -49.30% Earnings Drop?
For 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 articleMay Top Undervalued Energy Stock
Energy 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 articleTop Undervalued Energy Stocks To Buy Now
Undervalued 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 articleSeadrill Partners LLC (SDLP) Delivered A Better ROE Than The Industry, Here’s Why
See 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 articleSDLP Company Info
Map
Description
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.
Details
| Name: | Seadrill Partners LLC |
| SDLP | |
| Exchange: | NYSE |
| Founded: | 2012 |
| $162,524,232 | |
| 91,821,600 | |
| Website: | http://www.seadrillpartners.com |
| Address: |
Seadrill Partners LLC Building 11, 2nd Floor, London, Greater London, W4 5YS, United Kingdom |
Listings
| 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 |
Number of employees
Current staff
Industry
| Oil and Gas Drilling | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/01/23 00:28 |
| End of day share price update: | 2019/01/22 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.
