Projected Income Statement: NorAm Drilling

Forecast Balance Sheet: NorAm Drilling

Forecast Balance Sheet - NorAm Drilling
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - -134 -128 -93.1 -99.4 -72.2 -65.5 -65.5
Change - - 4.48% 27.27% -6.77% 27.37% 9.28% 0%
Announcement Date 5/25/22 2/20/23 2/22/24 2/19/25 2/19/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: NorAm Drilling

Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 34.38 52.38 37.49 14.23 39.21 29.41 29.41
Change - 52.34% -28.43% -62.06% 175.62% -25% 0%
Free Cash Flow (FCF) 1 129.8 436.7 131.2 - 156.8 254.9 303.9
Change - 236.49% -69.97% - - 62.5% 19.23%
Announcement Date 2/20/23 2/22/24 2/19/25 2/19/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: NorAm Drilling

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - 27.35% 34.91% 23.38% 19.78% 23.36% 27.96% 29.58%
EBIT Margin (%) - 7.21% 18.72% 4.14% 13.67% 18.24% 23.14% 24.91%
EBT Margin (%) - 3.15% 19.02% 4.32% 14.02% 18.31% 23.13% 24.9%
Net margin (%) - 3.12% 15.99% 2.19% 14.65% 17.61% 20.32% 21.77%
FCF margin (%) - 13.29% 35.12% 11.42% - 14.51% 21.52% 24.91%
FCF / Net Income (%) - 426.02% 219.56% 522.32% - 82.4% 105.9% 114.42%

Profitability

        
ROA - - - - - - - -
ROE - 4.31% 23.77% 3.45% 27.03% 36.45% 47.95% 54.95%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - 3.52% 4.21% 3.26% 1.47% 3.63% 2.48% 2.41%
CAPEX / EBITDA (%) - 12.88% 12.06% 13.96% 7.43% 15.53% 8.88% 8.15%
CAPEX / FCF (%) - 26.49% 11.99% 28.58% - 25% 11.54% 9.68%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 4.92 5.948 6.546
Change - - - - - - 20.9% 10.04%
Book Value Per Share 1 - - 18.8 15.15 12.41 11.65 11.51 10.83
Change - - - -19.41% -18.08% -6.11% -1.21% -5.95%
EPS 1 -7.784 3.376 4.521 0.5571 3.255 4.351 5.508 6.056
Change - 143.37% 33.92% -87.68% 484.26% 33.68% 26.59% 9.96%
Nbr of stocks (in thousands) 23,392 43,141 43,141 43,255 43,318 43,358 43,358 43,358
Announcement Date 5/25/22 2/20/23 2/22/24 2/19/25 2/19/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 10.6x 8.35x
PBR 3.95x 4x
EV / Sales 1.78x 1.63x
Yield 10.7% 12.9%

EPS & Dividend

EPS & Dividend - NorAm Drilling


Y-o-Y evolution of P/E

Valuation ratios - P/E - NorAm Drilling
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - NorAm Drilling
Trader
Investor
Global
Quality
ESG MSCI
-
Ratings Surperformance© - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
46.00NOK
Average target price
56.50NOK
Spread / Average Target
+22.83%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling