Projected Income Statement: 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 -64.7 -65.2 -65.2
Change - - 4.48% 27.27% -6.77% 34.92% -0.77% 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 36.96 27.72 27.72
Change - 52.34% -28.43% -62.06% 159.82% -25% 0%
Free Cash Flow (FCF) 1 129.8 436.7 131.2 - 147.8 249.5 304.9
Change - 236.49% -69.97% - - 68.75% 22.22%
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% 22.61% 29.37% 30.97%
EBIT Margin (%) - 7.21% 18.72% 4.14% 13.67% 17.39% 24.48% 26.22%
EBT Margin (%) - 3.15% 19.02% 4.32% 14.02% 17.39% 24.47% 26.21%
Net margin (%) - 3.12% 15.99% 2.19% 14.65% 13.91% 21.23% 22.66%
FCF margin (%) - 13.29% 35.12% 11.42% - 13.91% 22.46% 26.64%
FCF / Net Income (%) - 426.02% 219.56% 522.32% - 100% 105.8% 117.59%

Profitability

        
ROA - - - - - - - -
ROE - 4.31% 23.77% 3.45% 27.03% 29.7% 49.73% 56.61%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) - 3.52% 4.21% 3.26% 1.47% 3.48% 2.5% 2.42%
CAPEX / EBITDA (%) - 12.88% 12.06% 13.96% 7.43% 15.38% 8.5% 7.82%
CAPEX / FCF (%) - 26.49% 11.99% 28.58% - 25% 11.11% 9.09%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 4.066 5.849 6.412
Change - - - - - - 43.85% 9.63%
Book Value Per Share 1 - - 18.8 15.15 12.41 11.09 10.92 10.27
Change - - - -19.41% -18.08% -10.67% -1.49% -5.94%
EPS 1 -7.784 3.376 4.521 0.5571 3.255 3.419 5.476 5.994
Change - 143.37% 33.92% -87.68% 484.26% 5.05% 60.16% 9.45%
Nbr of stocks (in thousands) 23,392 43,141 43,141 43,255 43,318 43,318 43,318 43,318
Announcement Date 5/25/22 2/20/23 2/22/24 2/19/25 2/19/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 11.4x 7.11x
PBR 3.51x 3.57x
EV / Sales 1.53x 1.46x
Yield 10.4% 15%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
38.95NOK
Average target price
56.50NOK
Spread / Average Target
+45.06%

Quarterly revenue - Rate of surprise