Projected Income Statement: NorAm Drilling Company AS

Forecast Balance Sheet: NorAm Drilling Company AS

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - -134 -128 -93.1 -99.4 -64.7 -65.2
Change - - - 4.48% 27.27% -6.77% 22.05% -0.77%
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 2/19/25 2/19/26 - -
1NOK in Million
Estimates

Cash Flow Forecast: NorAm Drilling Company AS

Fiscal Period: December 2022 2023 2024 2025 2026 2027
CAPEX 1 34.38 52.38 37.49 14.23 36.96 27.72
Change - 52.34% -28.43% -62.06% 159.82% -25%
Free Cash Flow (FCF) 1 129.8 436.7 131.2 - 147.8 249.5
Change - 236.49% -69.97% - - 68.75%
Announcement Date 2/20/23 2/22/24 2/19/25 2/19/26 - -
1NOK in Million
Estimates

Forecast Financial Ratios: NorAm Drilling Company AS

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) - - 27.35% 34.91% 23.38% 19.78% 22.61% 29.37%
EBIT Margin (%) - - 7.21% 18.72% 4.14% 13.67% 17.39% 24.48%
EBT Margin (%) - - 3.15% 19.02% 4.32% 14.02% 17.39% 24.47%
Net margin (%) - - 3.12% 15.99% 2.19% 14.65% 13.91% 21.23%
FCF margin (%) - - 13.29% 35.12% 11.42% - 13.91% 22.46%
FCF / Net Income (%) - - 426.02% 219.56% 522.32% - 100% 105.8%

Profitability

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

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%
CAPEX / EBITDA (%) - - 12.88% 12.06% 13.96% 7.43% 15.38% 8.5%
CAPEX / FCF (%) - - 26.49% 11.99% 28.58% - 25% 11.11%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 4.025 4.066 5.849
Change - - - - - - 1.02% 43.85%
Book Value Per Share 1 - - - 18.8 15.15 12.41 11.09 10.92
Change - - - - -19.41% -18.08% -14.09% -1.49%
EPS 1 -4.785 -7.784 3.376 4.521 0.5571 3.255 3.419 5.476
Change - -62.68% 143.37% 33.92% -87.68% 484.26% 0.41% 60.16%
Nbr of stocks (in thousands) 23,392 23,392 43,141 43,141 43,255 43,318 43,318 43,318
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 2/19/25 2/19/26 - -
1NOK
Estimates
2025 2026 *
P/E Ratio 10.1x 12.5x
PBR 2.66x 3.85x
EV / Sales 1.37x 1.68x
Yield 9.43% 9.52%

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
42.70NOK
Average target price
56.50NOK
Spread / Average Target
+32.32%

Quarterly revenue - Rate of surprise

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  5. Financials NorAm Drilling Company AS
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