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OTCMSHLLF
Market cap200mUSD
Dec 16, Last price  
0.90USD
IPO
154.31%
Name

Shelf Drilling Ltd

Chart & Performance

D1W1MN
OTCM:SHLLF chart
P/E
—
P/S
0.25
EPS
—
Div Yield, %
0.00%
Shrs. gr., 5y
15.26%
Rev. gr., 5y
8.16%
Revenues
908m
+30.61%
787,478,0001,266,026,0001,031,298,000684,317,000571,964,000613,319,000576,153,000585,176,000526,566,000695,221,000908,000,000
Net income
-8m
L-68.61%
232,487,000226,062,000-180,002,000-29,836,000-71,210,000-136,243,000-149,536,000-274,859,000-78,637,000-24,213,000-7,600,000
CFO
86m
+334.94%
168,182,000384,323,000133,013,000136,532,00041,751,00037,705,000-12,868,00054,218,000-16,241,00019,796,00086,100,000
Earnings
Jun 12, 2025

Profile

Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, and West Africa. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells. It serves government owned or controlled energy companies, and publicly listed global integrated oil companies or independent exploration and production companies. As of December 31, 2021, it owned 30 independent-leg cantilever jack-up rigs. Shelf Drilling, Ltd. was incorporated in 2012 and is headquartered in Dubai, the United Arab Emirates.
URL
https://www.shelfdrilling.com
IPO date
Jun 05, 2018
Employees
2,453
Domiciled in
AE
Incorporated in
KY

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
908,000
30.61%
695,221
32.03%
526,566
-10.02%
Cost of revenue
147,600
119,422
112,227
Unusual Expense (Income)
NOPBT
760,400
575,799
414,339
NOPBT Margin
83.74%
82.82%
78.69%
Operating Taxes
29,700
34,140
18,470
Tax Rate
3.91%
5.93%
4.46%
NOPAT
730,700
541,659
395,869
Net income
(7,600)
-68.61%
(24,213)
-69.21%
(78,637)
-71.39%
Dividends
Dividend yield
Proceeds from repurchase of equity
101,600
48,267
BB yield
-1.77%
-1.39%
Debt
Debt current
90,000
7,969
7,602
Long-term debt
1,259,000
1,456,029
1,217,349
Deferred revenue
60,000
3,514
1,757
Other long-term liabilities
67,300
72,944
34,621
Net debt
1,250,800
1,323,157
992,636
Cash flow
Cash from operating activities
86,100
19,796
(16,241)
CAPEX
(107,200)
(459,211)
(45,852)
Cash from investing activities
(106,000)
(457,386)
23,568
Cash from financing activities
(49,600)
361,719
156,928
FCF
560,547
147,175
370,310
Balance
Cash
98,200
140,841
232,315
Long term investments
Excess cash
52,800
106,080
205,987
Stockholders' equity
(758,000)
(741,080)
(792,579)
Invested Capital
2,624,800
2,574,293
2,246,391
ROIC
28.11%
22.47%
18.29%
ROCE
40.54%
31.24%
28.35%
EV
Common stock shares outstanding
197,500
157,322
136,816
Price
29.00
31.52%
22.05
162.50%
8.40
145.61%
Market cap
5,727,500
65.11%
3,468,950
201.84%
1,149,254
146.80%
EV
7,048,600
4,872,018
2,141,890
EBITDA
829,500
637,990
480,159
EV/EBITDA
8.50
7.64
4.46
Interest
168,500
114,816
113,124
Interest/NOPBT
22.16%
19.94%
27.30%