Valuation: Global Rig Company ASA

Market Cap 181.5Cr 19Cr 16Cr 15Cr 14Cr 26Cr 1.78TCr 27Cr 180.24Cr 71Cr 874.5Cr 70Cr 69Cr 3.03TCr P/E 2026 *
11x
P/E 2027 * 7.69x
Enterprise Value 175.62Cr 18Cr 16Cr 15Cr 13Cr 26Cr 1.72TCr 26Cr 174.4Cr 68Cr 846.16Cr 68Cr 66Cr 2.93TCr EV / Sales 2026 *
1.56x
EV / Sales 2027 * 1.53x
Free-Float
41.36%
Yield 2026 *
11.2%
Yield 2027 * 14%
Manager TitleAgeSince
Chief Executive Officer 62 01/01/2017
Chief Operating Officer - 01/11/2014
Investor Relations Contact - 01/08/2022
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 01/03/2022
Director/Board Member 40 01/06/2023
Change 5-day change 1-year change 3-year change Capi.($)
0.00%+1.94%0.00%+58.20% 2.52TCr
-0.61%+0.78%-3.57%-24.53% 642.31Cr
+1.07%+1.58%+79.72%-33.51% 573.85Cr
+0.10%+2.17%+46.62% - 567.06Cr
+1.59%+1.30%+54.14%+14.59% 528.6Cr
+3.39%+7.02%-18.67%+12.96% 451.39Cr
+0.21%+8.55%+43.95%-27.75% 356.84Cr
+0.44%+4.63%+91.74%-9.56% 327.27Cr
-0.27%+0.11%+6.08%-44.52% 217.04Cr
Average +0.86%+3.08%+33.34%-6.76% 687.25Cr
Weighted average by Cap. +0.58%+2.55%+22.17%+18.26%

Financials

2026 *2027 *
Net sales 112.72Cr 12Cr 10Cr 9.35Cr 8.65Cr 16Cr 1.11TCr 17Cr 111.94Cr 44Cr 543.12Cr 43Cr 43Cr 1.88TCr 114.62Cr 12Cr 10Cr 9.5Cr 8.79Cr 17Cr 1.12TCr 17Cr 113.83Cr 45Cr 552.26Cr 44Cr 43Cr 1.91TCr
Net income 17Cr 1.71Cr 1.5Cr 1.38Cr 1.28Cr 2.43Cr 163.5Cr 2.47Cr 17Cr 6.49Cr 80Cr 6.43Cr 6.29Cr 278.11Cr 24Cr 2.45Cr 2.14Cr 1.97Cr 1.83Cr 3.46Cr 233.44Cr 3.52Cr 24Cr 9.26Cr 114.63Cr 9.18Cr 8.98Cr 397.08Cr
Net Debt -5.88Cr -60.45L -52.89L -48.77L -45.12L -85.65L -58Cr -87.08L -5.84Cr -2.29Cr -28Cr -2.27Cr -2.22Cr -98Cr -6.23Cr -64L -55.99L -51.63L -47.77L -90.68L -61Cr -92.19L -6.18Cr -2.42Cr -30Cr -2.4Cr -2.35Cr -103.92Cr
Logo Global Rig Company ASA
Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.
Employees
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Trader
Investor
Global
Quality
ESG MSCI
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