ADNOC DRILLING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.86 AED | +0.78% |
|
+0.52% | +2.12% |
| 22/03 | ADNOC Drilling Company P.J.S.C. Announces Board Changes | CI |
| 14/03 | ADNOC Drilling Company P.J.S.C. Announces Board Appointments | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 14,812 | 12,985 | 16,469 | 16,815 | - | - |
| Enterprise Value (EV) 1 | 15,899 | 14,199 | 18,297 | 18,765 | 18,306 | 17,693 |
| P/E ratio | 24.4 x | 16.2 x | 15.8 x | 15.2 x | 13.4 x | 12.5 x |
| Yield | 2.16% | - | - | 4.65% | 4.79% | 5.41% |
| Capitalization / Revenue | 6.53 x | 4.86 x | 5.39 x | 4.55 x | 4.15 x | 3.93 x |
| EV / Revenue | 7.01 x | 5.31 x | 5.99 x | 5.08 x | 4.52 x | 4.13 x |
| EV / EBITDA | 15.2 x | 11.5 x | 12.3 x | 10.5 x | 9.28 x | 8.56 x |
| EV / FCF | 26.7 x | 24.4 x | 62.5 x | 29.6 x | 12.3 x | 11.3 x |
| FCF Yield | 3.75% | 4.1% | 1.6% | 3.38% | 8.11% | 8.85% |
| Price to Book | 5.3 x | 4.43 x | 5.05 x | 4.64 x | 4.09 x | 3.62 x |
| Nbr of stocks (in thousands) | 1,60,00,000 | 1,60,00,000 | 1,60,00,000 | 1,60,00,000 | - | - |
| Reference price 2 | 0.9258 | 0.8115 | 1.029 | 1.051 | 1.051 | 1.051 |
| Announcement Date | 11/02/22 | 13/02/23 | 12/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,098 | 2,269 | 2,673 | 3,057 | 3,695 | 4,053 | 4,279 |
| EBITDA 1 | - | 1,047 | 1,232 | 1,483 | 1,785 | 1,972 | 2,068 |
| EBIT 1 | - | 610.8 | 824.2 | 1,092 | 1,288 | 1,434 | 1,509 |
| Operating Margin | - | 26.92% | 30.84% | 35.71% | 34.86% | 35.39% | 35.27% |
| Earnings before Tax (EBT) 1 | - | 603.9 | 801.8 | 1,033 | 1,164 | 1,310 | 1,392 |
| Net income 1 | 569 | 604 | 802 | 1,033 | 1,129 | 1,267 | 1,351 |
| Net margin | 27.12% | 26.62% | 30% | 33.79% | 30.57% | 31.25% | 31.56% |
| EPS 2 | - | 0.0380 | 0.0500 | 0.0650 | 0.0693 | 0.0784 | 0.0843 |
| Free Cash Flow 1 | - | 596.4 | 582 | 292.8 | 633.8 | 1,485 | 1,566 |
| FCF margin | - | 26.28% | 21.77% | 9.58% | 17.15% | 36.63% | 36.6% |
| FCF Conversion (EBITDA) | - | 56.96% | 47.24% | 19.74% | 35.5% | 75.29% | 75.74% |
| FCF Conversion (Net income) | - | 98.74% | 72.57% | 28.35% | 56.12% | 117.21% | 115.97% |
| Dividend per Share 2 | - | 0.0200 | - | - | 0.0489 | 0.0503 | 0.0569 |
| Announcement Date | 27/09/21 | 11/02/22 | 13/02/23 | 12/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 571 | 575 | 601.2 | 669 | 671 | 733 | 716.1 | 724 | 776.1 | 840.7 | 875 | 912.3 | 941.1 | 974.7 |
| EBITDA 1 | 285 | 262 | 279.8 | 300 | 299 | 353 | 333.2 | 344.2 | 380.8 | 424.7 | 418.6 | 435.7 | 458.9 | 458.8 |
| EBIT 1 | 178.4 | 147.6 | 178.7 | 203.9 | 196.2 | 242 | 230.7 | 241.3 | 270.4 | 349.3 | 295.8 | 319.1 | 342.1 | 359.1 |
| Operating Margin | 31.24% | 25.67% | 29.72% | 30.47% | 29.23% | 33.01% | 32.21% | 33.33% | 34.84% | 41.55% | 33.81% | 34.98% | 36.35% | 36.84% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | 266.1 | 277.1 | 306.6 | 342.4 |
| Net income 1 | - | 144 | 174.5 | 204 | 189 | 234 | 218.7 | 227.6 | 257.4 | 329.1 | 262.6 | 278.5 | 299.5 | 297 |
| Net margin | - | 25.04% | 29.02% | 30.49% | 28.17% | 31.92% | 30.54% | 31.44% | 33.16% | 39.15% | 30.01% | 30.53% | 31.82% | 30.47% |
| EPS 2 | - | - | - | 0.0130 | 0.0118 | 0.0150 | 0.0140 | - | 0.0161 | 0.0210 | 0.0168 | 0.0181 | 0.0198 | 0.0194 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 0.0224 | 0.001120 | 0.0224 |
| Announcement Date | 10/11/21 | 11/02/22 | 10/05/22 | 09/08/22 | 14/11/22 | 13/02/23 | 11/05/23 | 04/08/23 | 14/11/23 | 12/02/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,086 | 1,214 | 1,827 | 1,950 | 1,491 | 878 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.037 x | 0.9856 x | 1.232 x | 1.093 x | 0.7561 x | 0.4248 x |
| Free Cash Flow 1 | - | 596 | 582 | 293 | 634 | 1,485 | 1,566 |
| ROE (net income / shareholders' equity) | - | 20% | 28% | 33.3% | 32.9% | 32.2% | 31.1% |
| ROA (Net income/ Total Assets) | - | 11.4% | 15.1% | 16.9% | 16% | 16.6% | 17% |
| Assets 1 | - | 5,288 | 5,296 | 6,117 | 7,079 | 7,630 | 7,951 |
| Book Value Per Share 2 | - | 0.1700 | 0.1800 | 0.2000 | 0.2300 | 0.2600 | 0.2900 |
| Cash Flow per Share 2 | - | 0.0700 | 0.1000 | 0.0800 | 0.0900 | 0.1100 | 0.1300 |
| Capex 1 | - | 583 | 942 | 1,062 | 919 | 313 | 327 |
| Capex / Sales | - | 25.68% | 35.24% | 34.75% | 24.86% | 7.72% | 7.64% |
| Announcement Date | 27/09/21 | 11/02/22 | 13/02/23 | 12/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
1.051
USD
Average target price
1.259
USD
Spread / Average Target
+19.81%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.12% | 16.82B | |
| +4.01% | 9.25B | |
| -8.49% | 6.47B | |
| -16.75% | 5.84B | |
| -0.47% | 4.94B | |
| -12.28% | 4.57B | |
| -1.11% | 4.31B | |
| +9.28% | 3.87B | |
| +6.24% | 3.8B | |
| -20.42% | 3.61B |
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- ADNOCDRILL Stock
- Financials ADNOC Drilling Company
