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Valuation: NorAm Drilling Company AS

Market Cap 184.97Cr 19Cr 17Cr 15Cr 14Cr 27Cr 1.83TCr 27Cr 182.07Cr 71Cr 898.58Cr 73Cr 71Cr 3.11TCr P/E Ratio 2025
10.1x
P/E Ratio 2026 * 12.5x
Enterprise Value 176.67Cr 19Cr 16Cr 15Cr 14Cr 26Cr 1.75TCr 26Cr 173.91Cr 68Cr 858.27Cr 70Cr 68Cr 2.97TCr EV / Sales 2025
1.37x
EV / Sales 2026 * 1.68x
Free-Float
41.36%
Yield 2025 *
9.43%
Yield 2026 * 9.52%
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.($)
+9.75%+9.75% - - 20Cr
+4.10%+6.28%+10.93%+62.83% 2.65TCr
-3.79%-3.90%+55.10%+16.58% 748.75Cr
-1.19%-5.27%+8.79%-3.82% 724.11Cr
-3.48%-5.51%+75.60%-6.27% 674.33Cr
-3.65%-5.16%+86.35%+48.87% 622.92Cr
-3.85%-1.83%+45.12% - 573.7Cr
+1.52%-2.90%-16.25%+17.54% 494Cr
-7.22%-10.42%+63.25%-14.58% 436.18Cr
-5.73%-5.47%+102.30%+4.96% 392.23Cr
Average -0.77%-0.30%+47.91%+15.76% 813.06Cr
Weighted average by Cap. -0.00%+1.68%+36.48%+30.65%

Financials

2025 2026 *
Net sales 94Cr 9.86Cr 8.5Cr 7.82Cr 7.33Cr 14Cr 931.54Cr 14Cr 92Cr 36Cr 456.18Cr 37Cr 36Cr 1.58TCr 106.26Cr 11Cr 9.61Cr 8.85Cr 8.3Cr 16Cr 1.05TCr 16Cr 104.6Cr 41Cr 516.22Cr 42Cr 41Cr 1.79TCr
Net income 15Cr 1.56Cr 1.35Cr 1.24Cr 1.16Cr 2.19Cr 147.77Cr 2.21Cr 15Cr 5.73Cr 72Cr 5.87Cr 5.74Cr 250.4Cr 15Cr 1.55Cr 1.34Cr 1.23Cr 1.15Cr 2.17Cr 146.66Cr 2.19Cr 15Cr 5.68Cr 72Cr 5.82Cr 5.7Cr 248.53Cr
Net Debt -8.3Cr -87.11L -75.08L -69.1L -64.82L -1.22Cr -82Cr -1.23Cr -8.17Cr -3.19Cr -40Cr -3.27Cr -3.2Cr -139.5Cr -6.47Cr -67.89L -58.52L -53.86L -50.52L -94.9L -64Cr -95.85L -6.37Cr -2.49Cr -31Cr -2.55Cr -2.49Cr -108.73Cr
Logo NorAm Drilling Company AS
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
-
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
42.70NOK
Average target price
56.50NOK
Spread / Average Target
+32.32%

Quarterly revenue - Rate of surprise