Equities

Shelf Drilling Ltd

Shelf Drilling Ltd

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EnergyOil, Gas and Coal
  • Price (NOK)10.20
  • Today's Change-2.57 / -20.13%
  • Shares traded13.17m
  • 1 Year change-65.25%
  • Beta--
Data delayed at least 15 minutes, as of Nov 22 2024.
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About the company

Shelf Drilling Ltd is a United Arab Emirates-based entity which is primarily engaged in providing water offshore contractor services. The Company’s services include providing equipment for the drilling, completion, maintenance and decommissioning of oil and natural gas wells. It focuses on shallow water operations in depths of approximately up to 375 feet and fleet consists of 30 independent-leg cantilever (ILC) jack-up rigs. The Company has one reportable segment which is Contract Services it includes rigs comprising fleet operation in a single market. The Company’s subsidiaries include Shelf Drilling (Egypt) Limited, Shelf Drilling Holdings, Ltd. (SDHL) among others. The Company’s customers are national oil companies (NOCs), international oil companies (IOCs) and independent oil and natural gas companies, who contract the rigs for varying durations.

  • Revenue in NOK (TTM)11.06bn
  • Net income in NOK448.36m
  • Incorporated2012
  • Employees2.84k
  • Location
    Shelf Drilling LtdOne JLTFloor 12, Jumeirah Lakes Towers,P.O. Box 212201DUBAI KY1-1110United Arab EmiratesARE
  • Phone+971 45673400
  • Fax+971 44561037
  • Websitehttps://www.shelfdrilling.com
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SHLF:OSL since
announced
Transaction
value
Shelf Drilling North Sea LtdAnnounced16 Sep 202416 Sep 2024Announced-40.18%72.00m
Data delayed at least 15 minutes, as of Nov 22 2024.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Deep Value Driller AS598.62m212.70m1.47bn--6.9210.613.552.462.452.456.901.600.3748--4.73--13.32--15.77------35.53--4.282.860.907-------62.42------
Noram Drilling AS1.11bn3.60m1.52bn361.00422.292.046.941.370.08340.083425.7917.261.07--9.213,082,812.000.345-1.960.4058-2.1969.7973.940.3223-3.23----0.00--23.948.19545.57---25.16--
Archer Ltd13.92bn13.28m2.01bn5.07k104.580.68443.060.14470.21280.2128214.2032.511.392.736.962,866,795.000.1878-1.990.2704-3.7984.6386.360.1352-1.830.99771.200.6882--20.525.62-386.73--16.51--
Northern Ocean Ltd3.54bn-575.89m2.50bn10.00--0.456--0.7069-3.12-3.1219.0518.090.294--6.76353,917,200.00-4.78-5.43-5.30-6.5421.8614.54-16.27-63.702.990.01950.5089--993.73--23.68---23.13--
Reach Subsea ASA2.51bn241.33m2.52bn342.0011.102.452.621.000.83460.83469.303.780.8381--4.157,330,497.008.079.7412.9815.91----9.638.01--4.920.621146.6471.6424.20212.79--33.4138.81
Shelf Drilling Ltd11.06bn448.36m2.61bn2.84k5.340.5012.510.23591.911.9150.4020.360.4542--4.463,899,471.000.3502-6.220.4186-7.0244.0441.340.7711-16.54--1.260.7619--30.618.1673.62--1.61--
Ventura Offshore Holding Ltd-100.00bn-100.00bn2.75bn----1.12----------23.14----------------------------0.4328--------------
Shelf Drilling (North Sea) Ltd1.43bn-789.33m2.90bn----2.07--2.03-9.62-9.6215.8714.000.2572--4.53---14.22---15.83-------55.27-----0.80560.7068--180.78---358.31------
Solstad Offshore ASA4.36bn-52.58m3.29bn2.87k--1.724.360.7559-0.6686-0.852853.0923.290.304--2.641,521,064.00-0.23562.13-0.57954.04-----0.775210.301.111.830.7459--46.067.29162.87--12.20--
Akastor ASA883.00m1.23bn3.63bn11.002.920.65082.874.114.544.593.2320.380.1333--7.6180,272,730.0018.63-3.1622.86-4.46--53.77139.75-17.06----0.0641--0.3745-40.99-16.62---37.00--
Data as of Nov 22 2024. Currency figures normalised to Shelf Drilling Ltd's reporting currency: Norwegian Krone NOK

Institutional shareholders

11.72%Per cent of shares held by top holders
HolderShares% Held
Caius Capital LLPas of 05 Sep 20239.75m3.81%
Magallanes Value Investors SA SGIICas of 30 Jun 20249.71m3.80%
Dimensional Fund Advisors LPas of 07 Nov 20243.31m1.30%
Fidelity Management & Research Co. LLCas of 30 Sep 20242.10m0.82%
Nordea Investment Management AB (Norway)as of 30 Sep 20241.44m0.57%
DNB Asset Management ASas of 30 Sep 20241.14m0.45%
Danske Invest Asset Management ASas of 31 Oct 2024830.00k0.33%
Gladwyne Investments LLPas of 31 Mar 2024630.00k0.25%
PSG Asset Management (Pty) Ltd.as of 31 Oct 2024541.40k0.21%
Dimensional Fund Advisors Ltd.as of 07 Nov 2024520.15k0.20%
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Data from 31 Mar 2024 - 31 Oct 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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