Stock NORAM NORAM DRILLING
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Financials NorAm Drilling

Equities

NORAM

NO0010360019

Oil & Gas Drilling

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-06-06 am EDT 		5-day change 1st Jan Change
38.95 NOK -2.14% Intraday chart for NorAm Drilling -6.59% -5.00%
May. 21 NorAm Drilling AS Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
May. 08 Noram Drilling AS Announces Cash Distribution for May 2024, Payable on or About May 24, 2024 CI

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 233.9 210.5 2,446 1,769 1,680 - -
Enterprise Value (EV) 1 233.9 210.5 2,312 1,641 1,568 1,551 1,568
P/E ratio -2.09 x -1.16 x 16.8 x 9.07 x 58.2 x 8.43 x 9.83 x
Yield - - - - 14% 24.5% 25.2%
Capitalization / Revenue - - 2.51 x 1.42 x 1.6 x 1.34 x 1.34 x
EV / Revenue - - 2.37 x 1.32 x 1.5 x 1.24 x 1.25 x
EV / EBITDA - - 8.66 x 3.78 x 5.95 x 3.53 x 3.41 x
EV / FCF - - 17,813,619 x 3,757,695 x - - -
FCF Yield - - 0% 0% - - -
Price to Book - - - 2.18 x 2.59 x 3.36 x 5.37 x
Nbr of stocks (in thousands) 23,392 23,392 43,141 43,141 43,141 - -
Reference price 2 10.00 9.000 56.70 41.00 38.95 38.95 38.95
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 976.5 1,244 1,047 1,255 1,252
EBITDA 1 - - 267 434.2 263.7 439.3 459.4
EBIT 1 - - 70.43 232.8 61.5 239.7 258.9
Operating Margin - - 7.21% 18.72% 5.87% 19.1% 20.68%
Earnings before Tax (EBT) 1 - - 30.8 236.6 61.28 243.6 258.6
Net income 1 -112.8 -181 30.47 198.9 29.28 201 173.4
Net margin - - 3.12% 15.99% 2.8% 16.02% 13.85%
EPS 2 -4.785 -7.784 3.376 4.521 0.6690 4.618 3.963
Free Cash Flow - - 129.8 436.7 - - -
FCF margin - - 13.29% 35.12% - - -
FCF Conversion (EBITDA) - - 48.61% 100.58% - - -
FCF Conversion (Net income) - - 426.02% 219.56% - - -
Dividend per Share 2 - - - - 5.444 9.546 9.812
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 215.6 273.1 302.2 357.6 371.6 290.5 253.2 267.1 251.8 264.3 264.3 - -
EBITDA 1 - 87.48 120.7 164.1 153 75.34 56.9 71.49 58.09 67.24 67.24 - -
EBIT 1 - 38.11 68.13 109.6 101.7 22.29 5.426 19.37 7.947 17.09 17.09 - -
Operating Margin - 13.96% 22.54% 30.66% 27.35% 7.67% 2.14% 7.25% 3.16% 6.47% 6.47% - -
Earnings before Tax (EBT) 1 - 20.01 83.93 109.1 103.2 22.32 8.145 19.33 7.88 17.03 17.03 63.07 64.33
Net income 1 -34.4 15.81 95.15 104.8 101.1 22.32 -23.35 19.33 -1.505 5.72 5.72 42.1 43.09
Net margin -15.96% 5.79% 31.49% 29.31% 27.2% 7.68% -9.22% 7.24% -0.6% 2.16% 2.16% - -
EPS 2 -3.291 0.7204 0.7161 2.407 2.338 0.5460 -0.5257 0.4268 -0.0340 0.1310 0.1310 0.9620 0.9850
Dividend per Share 2 - - - - 3.500 - - - 1.156 1.363 1.363 - -
Announcement Date 7/30/22 11/21/22 2/20/23 5/23/23 8/22/23 11/14/23 2/22/24 5/21/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 134 128 113 129 113
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - 130 437 - - -
ROE (net income / shareholders' equity) - - 4.31% 23.8% 3.95% 34% 43%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - - - 18.80 15.10 11.60 7.260
Cash Flow per Share - - - - - - -
Capex - - 34.4 52.4 - - -
Capex / Sales - - 3.52% 4.21% - - -
Announcement Date 2/25/21 5/25/22 2/20/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NorAm Drilling

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
39.8 NOK
Average target price
56 NOK
Spread / Average Target
+40.70%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Oil & Gas Drilling
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