SHLF Relative Valuation - Shelf Drilling Ltd

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Price: 18.44 NOK

Market Cap: kr4.7B

S	Shelf Drilling Ltd OSE:SHLF	AE
	CLIQ Digital AG XETRA:CLIQ	DE
	Eat&Holdings Co Ltd TSE:2882	JP

Multiples-Based Value

The Multiples-Based Value for Shelf Drilling Ltd (SHLF) under the Base Case is 52.47 NOK. Compared with the current market price of 18.44 NOK, the stock appears Undervalued by 65%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

SHLF Multiples-Based Value

Base Case

Undervaluation 65%

Multiples-Based Value

Price kr18.44

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
AE	S	Shelf Drilling Ltd OSE:SHLF	4.7B NOK	0.5	4.2	4.6	6.2
CN		China Oilfield Services Ltd SSE:601808	74.5B CNY	1.5	19.4	12	12
US		Noble Corp (Cayman Island) NYSE:NE	8B USD	2.4	36.9	8.7	18.5
CH		Transocean Ltd NYSE:RIG	7.4B USD	1.8	-2.5	8.7	16.9
BM		Valaris Ltd NYSE:VAL	6.9B USD	2.9	7	11.5	14.8
SA	A	ADES Holding Company SJSC SAU:2382	21.9B SAR	3.3	26.8	10.8	19.3
US		Noble Corporation PLC CSE:NOBLE	31.4B DKK	1.5	22.7	5.8	12.5
US		Patterson-UTI Energy Inc NASDAQ:PTEN	3.9B USD	0.8	-41.8	5.3	-118.7
US		Helmerich and Payne Inc NYSE:HP	3.5B USD	0.9	-11.1	5.9	28.6
BM		Seadrill Ltd NYSE:SDRL	3B USD	2.1	-38.9	10.6	46.7
SA	A	Arabian Drilling Co SAU:2381	10.8B SAR	3.1	-143.1	11.5	83.5

				Revenue Growth	P/S to Growth
AE	S	Shelf Drilling Ltd OSE:SHLF	Average P/S: 1.9 0.5	-2%	N/A
CN		China Oilfield Services Ltd SSE:601808	1.5	3%	0.5
US		Noble Corp (Cayman Island) NYSE:NE	2.4	2%	1.2
CH		Transocean Ltd NYSE:RIG	1.8	0%	N/A
BM		Valaris Ltd NYSE:VAL	2.9	0%	N/A
SA	A	ADES Holding Company SJSC SAU:2382	3.3	12%	0.3
US		Noble Corporation PLC CSE:NOBLE	1.5	2%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	0.8	0%	N/A
US		Helmerich and Payne Inc NYSE:HP	0.9	5%	0.2
BM		Seadrill Ltd NYSE:SDRL	2.1	3%	0.7
SA	A	Arabian Drilling Co SAU:2381	3.1	7%	0.4

				Earnings Growth	PEG
AE	S	Shelf Drilling Ltd OSE:SHLF	Average P/E: 19.5 4.2	-9%	N/A
CN		China Oilfield Services Ltd SSE:601808	19.4	N/A	N/A
US		Noble Corp (Cayman Island) NYSE:NE	36.9	39%	0.9
CH		Transocean Ltd NYSE:RIG	Negative Multiple: -2.5	N/A	N/A
BM		Valaris Ltd NYSE:VAL	7	N/A	N/A
SA	A	ADES Holding Company SJSC SAU:2382	26.8	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	22.7	39%	0.6
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Negative Multiple: -41.8	N/A	N/A
US		Helmerich and Payne Inc NYSE:HP	Negative Multiple: -11.1	N/A	N/A
BM		Seadrill Ltd NYSE:SDRL	Negative Multiple: -38.9	N/A	N/A
SA	A	Arabian Drilling Co SAU:2381	Negative Multiple: -143.1	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
AE	S	Shelf Drilling Ltd OSE:SHLF	Average EV/EBITDA: 8.7 4.6	5%	0.9
CN		China Oilfield Services Ltd SSE:601808	12	N/A	N/A
US		Noble Corp (Cayman Island) NYSE:NE	8.7	8%	1.1
CH		Transocean Ltd NYSE:RIG	8.7	-1%	N/A
BM		Valaris Ltd NYSE:VAL	11.5	N/A	N/A
SA	A	ADES Holding Company SJSC SAU:2382	10.8	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	5.8	8%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	5.3	2%	2.6
US		Helmerich and Payne Inc NYSE:HP	5.9	5%	1.2
BM		Seadrill Ltd NYSE:SDRL	10.6	23%	0.5
SA	A	Arabian Drilling Co SAU:2381	11.5	16%	0.7

				EBIT Growth	EV/EBIT to Growth
AE	S	Shelf Drilling Ltd OSE:SHLF	Average EV/EBIT: 25.9 6.2	1%	6.2
CN		China Oilfield Services Ltd SSE:601808	12	N/A	N/A
US		Noble Corp (Cayman Island) NYSE:NE	18.5	17%	1.1
CH		Transocean Ltd NYSE:RIG	16.9	-11%	N/A
BM		Valaris Ltd NYSE:VAL	14.8	-4%	N/A
SA	A	ADES Holding Company SJSC SAU:2382	19.3	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	12.5	17%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Negative Multiple: -118.7	N/A	N/A
US		Helmerich and Payne Inc NYSE:HP	28.6	13%	2.2
BM		Seadrill Ltd NYSE:SDRL	46.7	58%	0.8
SA	A	Arabian Drilling Co SAU:2381	83.5	64%	1.3

Shelf Drilling Ltd
OSE:SHLF

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

SHLF Competitors Multiples
Shelf Drilling Ltd Competitors

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Stocks

Shelf Drilling Ltd OSE:SHLF

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

SHLF Competitors Multiples Shelf Drilling Ltd Competitors

See Also

Company

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Stocks

Shelf Drilling Ltd
OSE:SHLF

SHLF Competitors Multiples
Shelf Drilling Ltd Competitors