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XNYS
BORR
Market cap751mUSD
Sep 17, Last price
3.05USD
1D
-3.79%
1Q
36.16%
IPO
-94.30%
Name
Borr Drilling Ltd
Chart & Performance
P/E
9.15
P/S
0.74
EPS
0.33
Div Yield, %
13.10%
Shrs. gr., 5y
36.48%
Rev. gr., 5y
24.78%
Revenues
1.01b
+30.97%
Net income
82m
+271.49%
CFO
77m
P
Dividend
Aug 21, 20240.09973682 USD/sh
Profile
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | |||||||||
Revenues | 1,010,600 30.97% | 771,600 73.86% | 443,800 80.92% | ||||||
Cost of revenue | 636,800 | 393,700 | 153,300 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 373,800 | 377,900 | 290,500 | ||||||
NOPBT Margin | 36.99% | 48.98% | 65.46% | ||||||
Operating Taxes | 58,200 | 34,000 | 18,400 | ||||||
Tax Rate | 15.57% | 9.00% | 6.33% | ||||||
NOPAT | 315,600 | 343,900 | 272,100 | ||||||
Net income | 82,100 271.49% | 22,100 -107.55% | (292,800) 51.71% | ||||||
Dividends | (76,300) | ||||||||
Dividend yield | 7.69% | ||||||||
Proceeds from repurchase of equity | (17,600) | 57,300 | 298,100 | ||||||
BB yield | 1.77% | -3.14% | -33.62% | ||||||
| Debt | |||||||||
Debt current | 118,500 | 83,400 | 446,400 | ||||||
Long-term debt | 1,993,700 | 1,619,300 | 1,191,600 | ||||||
Deferred revenue | 21,000 | 56,432 | 123,200 | ||||||
Other long-term liabilities | 3,200 | 60,468 | 44,000 | ||||||
Net debt | 2,036,100 | 1,584,500 | 1,509,400 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 77,300 | (50,700) | 62,500 | ||||||
CAPEX | (409,400) | (114,000) | (83,300) | ||||||
Cash from investing activities | (409,400) | (104,200) | (82,600) | ||||||
Cash from financing activities | 292,000 | 139,000 | 92,600 | ||||||
FCF | (111,820) | 316,720 | 568,000 | ||||||
| Balance | |||||||||
Cash | 61,600 | 102,500 | 108,000 | ||||||
Long term investments | 14,500 | 15,700 | 20,600 | ||||||
Excess cash | 25,570 | 79,620 | 106,410 | ||||||
Stockholders' equity | (1,250,300) | (1,332,400) | (1,358,000) | ||||||
Invested Capital | 4,378,800 | 4,135,500 | 4,026,400 | ||||||
ROIC | 7.41% | 8.43% | 6.82% | ||||||
ROCE | 11.95% | 13.48% | 10.89% | ||||||
| EV | |||||||||
Common stock shares outstanding | 254,464 | 248,151 | 178,405 | ||||||
Price | 3.90 -47.01% | 7.36 48.09% | 4.97 141.26% | ||||||
Market cap | 992,410 -45.66% | 1,826,389 105.98% | 886,671 219.48% | ||||||
EV | 3,028,510 | 3,410,889 | 2,396,071 | ||||||
EBITDA | 579,000 | 495,300 | 407,000 | ||||||
EV/EBITDA | 5.23 | 6.89 | 5.89 | ||||||
Interest | 218,800 | 186,277 | 125,400 | ||||||
Interest/NOPBT | 58.53% | 49.29% | 43.17% | ||||||