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OTCM
SHLLF
Market cap124mUSD
Apr 04, Last price  
0.50USD
1D
-11.61%
1Q
-46.81%
IPO
41.28%
Name

Shelf Drilling Ltd

Chart & Performance

D1W1MN
P/E
1.57
P/S
0.13
EPS
0.32
Div Yield, %
—
Shrs. gr., 5y
12.62%
Rev. gr., 5y
11.33%
Revenues
985m
+8.50%
787,478,0001,266,026,0001,031,298,000684,317,000571,964,000613,319,000576,153,000585,176,000526,566,000695,221,000908,000,000985,200,000
Net income
81m
P
232,487,000226,062,000-180,002,000-29,836,000-71,210,000-136,243,000-149,536,000-274,859,000-78,637,000-24,213,000-7,600,00081,400,000
CFO
28m
-67.36%
168,182,000384,323,000133,013,000136,532,00041,751,00037,705,000-12,868,00054,218,000-16,241,00019,796,00086,100,00028,100,000
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
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
985,200
8.50%
908,000
30.61%
695,221
32.03%
Cost of revenue
152,400
147,600
119,422
Unusual Expense (Income)
NOPBT
832,800
760,400
575,799
NOPBT Margin
84.53%
83.74%
82.82%
Operating Taxes
31,800
29,700
34,140
Tax Rate
3.82%
3.91%
5.93%
NOPAT
801,000
730,700
541,659
Net income
81,400
-1,171.05%
(7,600)
-68.61%
(24,213)
-69.21%
Dividends
Dividend yield
Proceeds from repurchase of equity
101,600
48,267
BB yield
-1.77%
-1.39%
Debt
Debt current
124,100
90,000
7,969
Long-term debt
1,244,800
1,259,000
1,456,029
Deferred revenue
11,500
60,000
3,514
Other long-term liabilities
51,100
67,300
72,944
Net debt
1,216,600
1,250,800
1,323,157
Cash flow
Cash from operating activities
28,100
86,100
19,796
CAPEX
(50,000)
(107,200)
(459,211)
Cash from investing activities
54,800
(106,000)
(457,386)
Cash from financing activities
(22,600)
(49,600)
361,719
FCF
843,200
560,547
147,175
Balance
Cash
152,300
98,200
140,841
Long term investments
Excess cash
103,040
52,800
106,080
Stockholders' equity
(746,400)
(758,000)
(741,080)
Invested Capital
2,600,100
2,624,800
2,574,293
ROIC
30.66%
28.11%
22.47%
ROCE
44.82%
40.54%
31.24%
EV
Common stock shares outstanding
232,600
197,500
157,322
Price
9.41
-67.55%
29.00
31.52%
22.05
162.50%
Market cap
2,188,766
-61.78%
5,727,500
65.11%
3,468,950
201.84%
EV
3,405,366
7,048,600
4,872,018
EBITDA
905,800
829,500
637,990
EV/EBITDA
3.76
8.50
7.64
Interest
158,000
168,500
114,816
Interest/NOPBT
18.97%
22.16%
19.94%