ADNOC DRILLING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.06 AED | -0.25% |
|
-4.47% | +7.41% |
| May. 23 | Adnoc Closes $935 Million Sale of Adnoc Drilling Shares | MT |
| May. 22 | Abu Dhabi's Adnoc to Divest 880 Million Shares in Drilling Unit | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 14,812 | 12,985 | 16,469 | 18,657 | - | - |
| Enterprise Value (EV) 1 | 15,899 | 14,199 | 18,297 | 20,696 | 20,236 | 19,753 |
| P/E ratio | 24.4 x | 16.2 x | 15.8 x | 15.8 x | 14 x | 13.1 x |
| Yield | 2.16% | - | - | 4.43% | 4.7% | 5.18% |
| Capitalization / Revenue | 6.53 x | 4.86 x | 5.39 x | 5.01 x | 4.57 x | 4.33 x |
| EV / Revenue | 7.01 x | 5.31 x | 5.99 x | 5.56 x | 4.95 x | 4.59 x |
| EV / EBITDA | 15.2 x | 11.5 x | 12.3 x | 11.5 x | 10.2 x | 9.45 x |
| EV / FCF | 26.7 x | 24.4 x | 62.5 x | 77.2 x | 13.7 x | 13.1 x |
| FCF Yield | 3.75% | 4.1% | 1.6% | 1.29% | 7.28% | 7.61% |
| Price to Book | 5.3 x | 4.43 x | 5.05 x | 4.96 x | 4.36 x | 3.84 x |
| Nbr of stocks (in thousands) | 16,000,000 | 16,000,000 | 16,000,000 | 16,880,000 | - | - |
| Reference price 2 | 0.9258 | 0.8115 | 1.029 | 1.105 | 1.105 | 1.105 |
| Announcement Date | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,098 | 2,269 | 2,673 | 3,057 | 3,722 | 4,084 | 4,304 |
| EBITDA 1 | - | 1,047 | 1,232 | 1,483 | 1,801 | 1,987 | 2,090 |
| EBIT 1 | - | 610.8 | 824.2 | 1,092 | 1,309 | 1,463 | 1,545 |
| Operating Margin | - | 26.92% | 30.84% | 35.71% | 35.16% | 35.82% | 35.9% |
| Earnings before Tax (EBT) 1 | - | 603.9 | 801.8 | 1,033 | 1,177 | 1,334 | 1,421 |
| Net income 1 | 569 | 604 | 802 | 1,033 | 1,142 | 1,277 | 1,355 |
| Net margin | 27.12% | 26.62% | 30% | 33.79% | 30.69% | 31.26% | 31.48% |
| EPS 2 | - | 0.0380 | 0.0500 | 0.0650 | 0.0699 | 0.0790 | 0.0845 |
| Free Cash Flow 1 | - | 596.4 | 582 | 292.8 | 268 | 1,473 | 1,504 |
| FCF margin | - | 26.28% | 21.77% | 9.58% | 7.2% | 36.06% | 34.94% |
| FCF Conversion (EBITDA) | - | 56.96% | 47.24% | 19.74% | 14.88% | 74.11% | 71.96% |
| FCF Conversion (Net income) | - | 98.74% | 72.57% | 28.35% | 23.46% | 115.37% | 111.02% |
| Dividend per Share 2 | - | 0.0200 | - | - | 0.0490 | 0.0520 | 0.0572 |
| Announcement Date | 9/27/21 | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 575 | 601.2 | 669 | 671 | 733 | 716.1 | 724 | 776.1 | 840.7 | 885.9 | 927.7 | 954.7 | 988.8 | 952.2 |
| EBITDA 1 | 262 | 279.8 | 300 | 299 | 353 | 333.2 | 344.2 | 380.8 | 424.7 | 436.6 | 444.4 | 465.6 | 475.6 | 483.1 |
| EBIT 1 | 147.6 | 178.7 | 203.9 | 196.2 | 242 | 230.7 | 241.3 | 270.4 | 349.3 | 329.9 | 326.4 | 350.4 | 366 | 342.2 |
| Operating Margin | 25.67% | 29.72% | 30.47% | 29.23% | 33.01% | 32.21% | 33.33% | 34.84% | 41.55% | 37.25% | 35.18% | 36.71% | 37.01% | 35.94% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | 302.2 | 311.3 | 308.9 | 338.8 | 316.5 |
| Net income 1 | 144 | 174.5 | 204 | 189 | 234 | 218.7 | 227.6 | 257.4 | 329.1 | 274.6 | 285.3 | 300.8 | 305.1 | 285.4 |
| Net margin | 25.04% | 29.02% | 30.49% | 28.17% | 31.92% | 30.54% | 31.44% | 33.16% | 39.15% | 31% | 30.75% | 31.5% | 30.86% | 29.98% |
| EPS 2 | - | - | 0.0130 | 0.0118 | 0.0150 | 0.0140 | - | 0.0161 | 0.0210 | 0.0170 | 0.0178 | 0.0188 | 0.0191 | 0.0178 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.0246 | - |
| Announcement Date | 2/11/22 | 5/10/22 | 8/9/22 | 11/14/22 | 2/13/23 | 5/11/23 | 8/4/23 | 11/14/23 | 2/12/24 | 5/13/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,086 | 1,214 | 1,827 | 2,040 | 1,580 | 1,097 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.037 x | 0.9856 x | 1.232 x | 1.133 x | 0.795 x | 0.5247 x |
| Free Cash Flow 1 | - | 596 | 582 | 293 | 268 | 1,473 | 1,504 |
| ROE (net income / shareholders' equity) | - | 20% | 28% | 33.3% | 33.8% | 33.1% | 32.2% |
| ROA (Net income/ Total Assets) | - | 11.4% | 15.1% | 16.9% | 16.6% | 16.3% | 16.6% |
| Assets 1 | - | 5,288 | 5,296 | 6,117 | 6,884 | 7,854 | 8,141 |
| Book Value Per Share 2 | - | 0.1700 | 0.1800 | 0.2000 | 0.2200 | 0.2500 | 0.2900 |
| Cash Flow per Share 2 | - | 0.0700 | 0.1000 | 0.0800 | 0.0900 | 0.1100 | 0.1300 |
| Capex 1 | - | 583 | 942 | 1,062 | 902 | 329 | 356 |
| Capex / Sales | - | 25.68% | 35.24% | 34.75% | 24.23% | 8.05% | 8.27% |
| Announcement Date | 9/27/21 | 2/11/22 | 2/13/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
1.105
USD
Average target price
1.302
USD
Spread / Average Target
+17.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.41% | 18.7B | |
| +8.65% | 9.52B | |
| -25.58% | 5.3B | |
| +10.51% | 5.29B | |
| -3.78% | 4.73B | |
| +1.85% | 4.34B | |
| +13.40% | 3.84B | |
| +3.92% | 3.67B | |
| -29.53% | 3.21B | |
| -2.11% | 1.77B |
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- ADNOCDRILL Stock
- Financials ADNOC Drilling Company
