Financials Seadrill Limited Oslo Bors

Equities

SDRL

BMG7997W1029

Oil & Gas Drilling

Market Closed - Oslo Bors 10:45:00 2024-07-12 am EDT 5-day change 1st Jan Change
574.5 NOK +3.14% Intraday chart for Seadrill Limited +6.29% +20.06%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 1,632 3,490 3,632 - -
Enterprise Value (EV) 1 1,552 3,370 3,789 3,521 2,930
P/E ratio 0.8 x 11.5 x 19.4 x 9.1 x 5.65 x
Yield - - - 5.67% 3.78%
Capitalization / Revenue 1.61 x 2.32 x 2.49 x 2.05 x 1.82 x
EV / Revenue 1.53 x 2.24 x 2.6 x 1.99 x 1.47 x
EV / EBITDA 5.86 x 7.13 x 9.33 x 5.28 x 3.38 x
EV / FCF -11.1 x 18.1 x -32.3 x 9.07 x 4.26 x
FCF Yield -9.02% 5.52% -3.09% 11% 23.4%
Price to Book 0.96 x 1.17 x 1.26 x 1.16 x 1.01 x
Nbr of stocks (in thousands) 50,000 73,826 68,620 - -
Reference price 2 32.64 47.28 52.93 52.93 52.93
Announcement Date 4/4/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,388 1,059 1,008 1,012 1,502 1,459 1,770 1,996
EBITDA 1 265 100 138 265 473 406 666.3 868
EBIT 1 -295 -247 -157 72 307 239 503.6 719.5
Operating Margin -21.25% -23.32% -15.58% 7.11% 20.44% 16.38% 28.46% 36.04%
Earnings before Tax (EBT) 1 -1,261 -4,658 -587 3,678 317 235 494.2 710.9
Net income 1 -1,219 -4,659 -587 3,907 300 186.7 428.9 640
Net margin -87.82% -439.94% -58.23% 386.07% 19.97% 12.79% 24.23% 32.06%
EPS 2 - - - 40.80 4.120 2.722 5.819 9.366
Free Cash Flow 1 -304 -447 -183 -140 186 -117.1 388.3 687
FCF margin -21.9% -42.21% -18.15% -13.83% 12.38% -8.03% 21.94% 34.41%
FCF Conversion (EBITDA) - - - - 39.32% - 58.28% 79.15%
FCF Conversion (Net income) - - - - 62% - 90.54% 107.34%
Dividend per Share 2 - - - - - - 3.000 2.000
Announcement Date 2/27/20 3/4/21 2/4/22 4/4/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 - - 293 284 269 228 266 414 414 408 367 357.3 349.1 383.3 417.5
EBITDA 1 - - - 75 71 39 85 159 151 99 124 99 79.06 111.9 149.1
EBIT 1 - - - 25 20 -7 51 109 117 55 80 57.23 37.75 69.6 107
Operating Margin - - - 8.8% 7.43% -3.07% 19.17% 26.33% 28.26% 13.48% 21.8% 16.02% 10.81% 18.16% 25.62%
Earnings before Tax (EBT) 1 -52 -24 - -28 -16 -23 44 107 112 54 70 56.14 26.58 68.26 98.27
Net income 1 -86 - - -36 -16 249 43 94 90 73 60 45.36 25.6 56.69 89.68
Net margin - - - -12.68% -5.95% 109.21% 16.17% 22.71% 21.74% 17.89% 16.35% 12.69% 7.33% 14.79% 21.48%
EPS 2 - - - - -0.3200 4.750 0.8300 1.160 1.100 0.9500 0.8100 0.6159 0.4221 0.8080 1.236
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/30/22 2/4/22 5/25/22 9/4/22 11/30/22 4/4/23 5/23/23 8/15/23 11/27/23 2/28/24 5/14/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,736 6,069 - - - 157 - -
Net Cash position 1 - - 312 80 120 - 111 702
Leverage (Debt/EBITDA) 21.65 x 60.69 x - - - 0.3865 x - -
Free Cash Flow 1 -304 -447 -183 -140 186 -117 388 687
ROE (net income / shareholders' equity) -53.9% - - -388% 12.8% 6.22% 14.1% 17.3%
ROA (Net income/ Total Assets) -12.1% -70.4% -15% - 8.55% 4.2% 8% 11.6%
Assets 1 10,066 6,620 3,920 - 3,510 4,444 5,361 5,517
Book Value Per Share 2 - - - 34.00 40.30 42.00 45.50 52.50
Cash Flow per Share - - - - 3.940 - - -
Capex 1 48 27 29 149 101 348 163 181
Capex / Sales 3.46% 2.55% 2.88% 14.72% 6.72% 23.84% 9.21% 9.04%
Announcement Date 2/27/20 3/4/21 2/4/22 4/4/23 2/28/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
52.93 USD
Average target price
65.17 USD
Spread / Average Target
+23.12%
Consensus