TRANSOCEAN LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.27 USD | +0.96% |
|
-8.82% | -17.01% |
| 30/04 | Transcript : Transocean Ltd., Q1 2024 Earnings Call, Apr 30, 2024 | |
| 30/04 | Transocean Swings to Q1 Earnings, Revenue Increases | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,210 | 1,421 | 1,809 | 3,292 | 5,137 | 4,319 | - | - |
| Enterprise Value (EV) 1 | 11,681 | 8,074 | 8,003 | 9,956 | 11,788 | 10,751 | 9,907 | 9,123 |
| P/E ratio | -3.36 x | -2.51 x | -2.97 x | -5.12 x | -5.12 x | -39.5 x | 13.2 x | 19.8 x |
| Yield | - | - | - | - | - | - | - | 7.59% |
| Capitalization / Revenue | 1.36 x | 0.45 x | 0.71 x | 1.28 x | 1.81 x | 1.2 x | 1.07 x | 1.03 x |
| EV / Revenue | 3.78 x | 2.56 x | 3.13 x | 3.87 x | 4.16 x | 3 x | 2.45 x | 2.18 x |
| EV / EBITDA | 11.9 x | 6.72 x | 8.04 x | 12.2 x | 16 x | 9.44 x | 6.29 x | 5.68 x |
| EV / FCF | -249 x | 60.7 x | 21.8 x | -37 x | -44.8 x | 59.1 x | 11.4 x | 11.2 x |
| FCF Yield | -0.4% | 1.65% | 4.59% | -2.7% | -2.23% | 1.69% | 8.74% | 8.9% |
| Price to Book | 0.35 x | 0.12 x | 0.16 x | 0.31 x | 0.47 x | 0.44 x | 0.4 x | 0.39 x |
| Nbr of stocks (in thousands) | 6,11,862 | 6,15,110 | 6,55,505 | 7,21,888 | 8,09,031 | 8,19,580 | - | - |
| Reference price 2 | 6.880 | 2.310 | 2.760 | 4.560 | 6.350 | 5.270 | 5.270 | 5.270 |
| Announcement Date | 17/02/20 | 22/02/21 | 22/02/22 | 21/02/23 | 19/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,088 | 3,152 | 2,556 | 2,575 | 2,832 | 3,585 | 4,038 | 4,191 |
| EBITDA 1 | 979 | 1,201 | 995 | 816 | 738 | 1,139 | 1,575 | 1,605 |
| EBIT 1 | -63 | 205 | 253 | 81 | -6 | 405.7 | 837.2 | 871 |
| Operating Margin | -2.04% | 6.5% | 9.9% | 3.15% | -0.21% | 11.32% | 20.74% | 20.78% |
| Earnings before Tax (EBT) 1 | -1,198 | -541 | -470 | -562 | -941 | -40.94 | 386.8 | 280.7 |
| Net income 1 | -1,255 | -567 | -592 | -621 | -954 | -57.81 | 330.9 | 216.3 |
| Net margin | -40.64% | -17.99% | -23.16% | -24.12% | -33.69% | -1.61% | 8.2% | 5.16% |
| EPS 2 | -2.050 | -0.9200 | -0.9300 | -0.8900 | -1.240 | -0.1334 | 0.4003 | 0.2667 |
| Free Cash Flow 1 | -47 | 133 | 367 | -269 | -263 | 182 | 865.8 | 812.3 |
| FCF margin | -1.52% | 4.22% | 14.36% | -10.45% | -9.29% | 5.08% | 21.44% | 19.38% |
| FCF Conversion (EBITDA) | - | 11.07% | 36.88% | - | - | 15.98% | 54.98% | 50.6% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 261.66% | 375.5% |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.4000 |
| Announcement Date | 17/02/20 | 22/02/21 | 22/02/22 | 21/02/23 | 19/02/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 626 | 621 | 586 | 692 | 691 | 606 | 649 | 729 | 713 | 741 | 763 | 862.8 | 945.8 | 1,013 | 980.5 |
| EBITDA 1 | 245 | 250 | 163 | 245 | 268 | 140 | 217 | 237 | 162 | 122 | 199 | 237.1 | 313.8 | 382.2 | 379.1 |
| EBIT 1 | 60 | 66 | -20 | 61 | 86 | -46 | 35 | 51 | -30 | -62 | 14 | 51.27 | 145.8 | 218.7 | 177.4 |
| Operating Margin | 9.58% | 10.63% | -3.41% | 8.82% | 12.45% | -7.59% | 5.39% | 7% | -4.21% | -8.37% | 1.83% | 5.94% | 15.42% | 21.6% | 18.1% |
| Earnings before Tax (EBT) 1 | -103 | -149 | -149 | -65 | -33 | -315 | -414 | -181 | -263 | -83 | -93 | -87.6 | -51.3 | 125.9 | 80.03 |
| Net income 1 | -130 | -260 | -175 | -68 | -28 | -350 | -465 | -165 | -220 | -104 | 98 | -104.6 | -72.3 | 96.9 | 66.6 |
| Net margin | -20.77% | -41.87% | -29.86% | -9.83% | -4.05% | -57.76% | -71.65% | -22.63% | -30.86% | -14.04% | 12.84% | -12.12% | -7.64% | 9.57% | 6.79% |
| EPS 2 | -0.2000 | -0.4000 | -0.2600 | -0.1000 | -0.0400 | -0.4800 | -0.6400 | -0.2200 | -0.2800 | -0.1300 | 0.1100 | -0.0450 | 0.0384 | 0.0778 | 0.0879 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 01/11/21 | 22/02/22 | 02/05/22 | 01/08/22 | 02/11/22 | 21/02/23 | 01/05/23 | 31/07/23 | 30/10/23 | 19/02/24 | 29/04/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,471 | 6,653 | 6,194 | 6,664 | 6,651 | 6,431 | 5,587 | 4,804 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.631 x | 5.54 x | 6.225 x | 8.167 x | 9.012 x | 5.646 x | 3.548 x | 2.992 x |
| Free Cash Flow 1 | -47 | 133 | 367 | -269 | -263 | 182 | 866 | 812 |
| ROE (net income / shareholders' equity) | -7.1% | -4% | -5.23% | -5.65% | -10.8% | -0.84% | 2.1% | 3% |
| ROA (Net income/ Total Assets) | -3.56% | -2.03% | -2.79% | -3.02% | -5.55% | -0.26% | 1.14% | 1.6% |
| Assets 1 | 35,209 | 27,930 | 21,241 | 20,559 | 17,191 | 22,580 | 28,999 | 13,521 |
| Book Value Per Share 2 | 19.40 | 18.60 | 17.10 | 14.90 | 13.60 | 12.00 | 13.10 | 13.40 |
| Cash Flow per Share 2 | 0.5600 | 0.6500 | 0.9000 | 0.6400 | 0.2100 | 0.4500 | 1.240 | - |
| Capex 1 | 387 | 265 | 208 | 717 | 427 | 231 | 218 | 241 |
| Capex / Sales | 12.53% | 8.41% | 8.14% | 27.84% | 15.08% | 6.44% | 5.41% | 5.75% |
| Announcement Date | 17/02/20 | 22/02/21 | 22/02/22 | 21/02/23 | 19/02/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
5.27
USD
Average target price
7.269
USD
Spread / Average Target
+37.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.01% | 4.32B | |
| +0.53% | 16.55B | |
| +1.88% | 9.27B | |
| -7.85% | 6.23B | |
| -16.75% | 5.77B | |
| -6.58% | 4.64B | |
| -2.69% | 4.23B | |
| +5.49% | 3.77B | |
| +9.28% | 3.87B | |
| -19.90% | 3.58B |
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- Financials Transocean Ltd.
