Northern Ocean Ltd
OSE:NOL
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (39.2), the stock would be worth kr-606.12 (7 067% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -0.6 | kr8.7 |
0%
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| Industry Average | 39.2 | kr-606.12 |
-7 067%
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| Country Average | 7 | kr-108.69 |
-1 349%
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Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| BM |
|
Northern Ocean Ltd
OSE:NOL
|
2.6B NOK | -0.6 | -2.7 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.1B CNY | 12.7 | 18.9 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
8B USD | 28.7 | 37 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
7.5B USD | -7.8 | -2.6 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
7.1B USD | 167.4 | 7.2 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 5.5 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 17.6 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.5B USD | 15.5 | -48.6 | |
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
4B USD | 19.1 | -12.7 | |
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
3.1B USD | -14.1 | -39.9 | |
| SA |
A
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Arabian Drilling Co
SAU:2381
|
10.8B SAR | -460.3 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 3.2 |
| Median | 7 |
| 70th Percentile | 17.9 |
| Max | 311.3 |
Other Multiples
Northern Ocean Ltd
Glance View
Northern Ocean Ltd. engages in the ownership of offshore drilling rigs. The firm owns and engages in offshore contract drilling for the oil and gas industry in benign and other environments worldwide. The company contracts its drilling rigs primarily on a dayrate basis for periods approximately between one and ten years to drill wells for its customers by targeting integrated and independent oil and gas companies. The Company’s drilling wells include West Mira and West Bollsta.
