Shelf Drilling, Ltd.

SHLF.OL

SHLF.OLShelf Drilling, Ltd. NO flag

Oslo Stock Exchange

7.82

NOK

+0.00

(-0.06%)

3.72EPS

2.10P/E

2.00BMarket Cap

May 13Next Earn

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ISIN

KYG236271055

Return %

Stock

S&P500

-69.21

10.92

-45.39

26.22

1.30

120.31

Use logarithmic scale

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	9.64	15.51	12.63	8.38	7	6.32	4.49	4.3	3.85	4.42	4.6	4.67
Basic EPS, GAAP	2.85	2.77	-2.2	-0.37	-1.08	-1.5	-1.16	-2.02	-0.57	-0.18	-0.04	0.15
Free Cash Flow per Basic Share	0.69	2.64	-0.3	1.02	-2.35	-0.63	-0.81	-0.42	-0.45	-2.79	-0.11	0.22
Dividend per Share	2.4	1.5	- -	- -	0.12	0.17	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	1.55	-0.66	-1.02	-1.88	-2.99	-3.42	-5.24	-5.79	-5.22	-4.19	-3.61
Tangible Book Value per Share	- -	7.12	5.03	4.65	6.24	6.09	4.37	2.12	1.56	2.01	2.04	2.04
Basic Weighted Avg Shares	82	82	82	82	82	97	128	136	137	157	198	214
Sales/Revenue/Turnover	787	1,266	1,031	684	572	613	576	585	527	695	908	999
Operating Margin (%)	39.62	28.53	18.33	17.55	11	4	0.15	13.82	9.78	18.1	20.48	19.49
Depreciation Expense	32	99	86	72	81	87	83	70	66	55	69	73
Net Income, GAAP	232	226	-180	-30	-71	-136	-150	-275	-79	-29	-8	32
Effective Tax Rate (%)	7.81	15.99	- -	- -	- -	- -	- -	- -	- -	344.44	237.6	80.36
Profit Margin (%)	29.52	17.86	-17.45	-4.36	-12.45	-22.21	-25.95	-46.97	-14.93	-4.14	-0.84	3.23
Working Capital	- -	201	247	299	109	184	97	189	278	194	106	164
LT Debt	- -	817	878	1,038	775	888	942	1,038	1,201	1,442	1,247	1,282
Total Equity	- -	590	411	379	675	591	561	289	214	316	402	435
Return on Invested Capital (%)	- -	42.87	- -	- -	- -	- -	- -	- -	- -	-19.25	-14.53	2.05
Return on Capital (%)	- -	63.79	- -	- -	- -	- -	- -	- -	- -	-55.8	-35.68	13.67
Return on Common Equity (%)	- -	357.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	4.75%	9.63%	30.61%
Net Income, GAAP	-15.06%	-22.96%	-73.61%
Free Cash Flow	-12.49%	109.12%	-95.2%
Total Cash Common Dividend	- -	- -	- -
Total Equity	- -	-0.89%	27.51%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Gregory O'Brien
Full Time Employees: 2,835
Sector: Energy
Industry: Oil & Gas Drilling
Address: One JLT Dubai United Arab Emirates
IPO Date: Jun 25, 2018
Website: shelfdrilling.com
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Cathedral Energy Services Ltd. (CETEF)
Transocean Ltd. (RIGN.SW)
Business: 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.

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	9.64	15.51	12.63	8.38	7	6.32	4.49	4.3	3.85	4.42	4.6	4.67
Basic EPS, GAAP	2.85	2.77	-2.2	-0.37	-1.08	-1.5	-1.16	-2.02	-0.57	-0.18	-0.04	0.15
Free Cash Flow per Basic Share	0.69	2.64	-0.3	1.02	-2.35	-0.63	-0.81	-0.42	-0.45	-2.79	-0.11	0.22
Dividend per Share	2.4	1.5	- -	- -	0.12	0.17	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	1.55	-0.66	-1.02	-1.88	-2.99	-3.42	-5.24	-5.79	-5.22	-4.19	-3.61
Tangible Book Value per Share	- -	7.12	5.03	4.65	6.24	6.09	4.37	2.12	1.56	2.01	2.04	2.04
Basic Weighted Avg Shares	82	82	82	82	82	97	128	136	137	157	198	214
Sales/Revenue/Turnover	787	1,266	1,031	684	572	613	576	585	527	695	908	999
Operating Margin (%)	39.62	28.53	18.33	17.55	11	4	0.15	13.82	9.78	18.1	20.48	19.49
Depreciation Expense	32	99	86	72	81	87	83	70	66	55	69	73
Net Income, GAAP	232	226	-180	-30	-71	-136	-150	-275	-79	-29	-8	32
Effective Tax Rate (%)	7.81	15.99	- -	- -	- -	- -	- -	- -	- -	344.44	237.6	80.36
Profit Margin (%)	29.52	17.86	-17.45	-4.36	-12.45	-22.21	-25.95	-46.97	-14.93	-4.14	-0.84	3.23
Working Capital	- -	201	247	299	109	184	97	189	278	194	106	164
LT Debt	- -	817	878	1,038	775	888	942	1,038	1,201	1,442	1,247	1,282
Total Equity	- -	590	411	379	675	591	561	289	214	316	402	435
Return on Invested Capital (%)	- -	42.87	- -	- -	- -	- -	- -	- -	- -	-19.25	-14.53	2.05
Return on Capital (%)	- -	63.79	- -	- -	- -	- -	- -	- -	- -	-55.8	-35.68	13.67
Return on Common Equity (%)	- -	357.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

	Mar'24	Jun'24	Sep'24
Total Current Assets	441	452	528
Accounts Receivable, Net	236	219	215
Cash, Cash Equivalents & STI	102	138	220
Inventories	- -	- -	- -
Total Current Liabilities	343	339	364
Payables & Accruals	- -	- -	- -
ST Debt	74	110	110
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	156	151	166	222	695
2023	183	214	268	242	908
2024	255	234	268	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	-0.03	-0.12	-0.03	- -	-0.18
2023	-0.18	0.01	0.21	- -	-0.04
2024	-0.02	-0.07	0.32	- -	- -

	Mar'24	Jun'24	Sep'24
ST Debt	74	110	110
LT Borrowings	1,245	1,280	1,282
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	214	214	214
Market Capitalization	472	441	353

Shelf Drilling, Ltd.

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Working Capital

Quarterly Revenue

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Quarterly Earnings Per Share

Year

Capital Structure

Quarterly Dividends Per Share

Year