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Transocean

DB:TOJ
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOJ
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The last earnings update was 57 days ago. More info.


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TOJ Share Price and Events
7 Day Returns
0%
DB:TOJ
-4.6%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-52.1%
DB:TOJ
-33.8%
Europe Energy Services
-5.5%
DE Market
TOJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Transocean (TOJ) 0% 0% 0% -52.1% -33.3% -77.8%
Europe Energy Services -4.6% 5.1% -9.2% -33.8% -30.9% -83.9%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • TOJ underperformed the Energy Services industry which returned -33.8% over the past year.
  • TOJ underperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
TOJ
Industry
5yr Volatility vs Market

TOJ Value

 Is Transocean undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Transocean to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Transocean.

DB:TOJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TOJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 18%) (312.73%))
2.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:TOJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Transocean is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TOJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 -473.82 Analyst x6 -422.49
2021 -340.88 Analyst x5 -271.03
2022 690.00 Analyst x1 489.19
2023 1,024.28 Est @ 48.45% 647.52
2024 1,372.35 Est @ 33.98% 773.58
2025 1,699.73 Est @ 23.86% 854.34
2026 1,984.72 Est @ 16.77% 889.53
2027 2,219.02 Est @ 11.81% 886.81
2028 2,403.92 Est @ 8.33% 856.63
2029 2,545.77 Est @ 5.9% 808.92
Present value of next 10 years cash flows $5,512.00
DB:TOJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,545.77 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$21,405.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21,405.82 ÷ (1 + 12.15%)10
$6,801.69
DB:TOJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,512.00 + $6,801.69
$12,313.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12,313.69 / 611.80
$20.13
DB:TOJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TOJ represents 1.09589x of NYSE:RIG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.09589x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 20.13 x 1.09589
€22.06
Value per share (EUR) From above. €22.06
Current discount Discount to share price of €5.60
= -1 x (€5.60 - €22.06) / €22.06
74.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Transocean is available for.
Intrinsic value
>50%
Share price is €5.6 vs Future cash flow value of €22.06
Current Discount Checks
For Transocean to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Transocean's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Transocean's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Transocean's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Transocean's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TOJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-1.88
NYSE:RIG Share Price ** NYSE (2019-06-28) in USD $5.11
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 17.49x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Transocean.

DB:TOJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RIG Share Price ÷ EPS (both in USD)

= 5.11 ÷ -1.88

-2.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transocean is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Transocean is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Transocean's expected growth come at a high price?
Raw Data
DB:TOJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
38.1%per year
Europe Energy Services Industry PEG Ratio Median Figure of 23 Publicly-Listed Energy Services Companies 0.78x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Transocean, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Transocean's assets?
Raw Data
DB:TOJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $20.84
NYSE:RIG Share Price * NYSE (2019-06-28) in USD $5.11
Europe Energy Services Industry PB Ratio Median Figure of 71 Publicly-Listed Energy Services Companies 0.81x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:TOJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RIG Share Price ÷ Book Value per Share (both in USD)

= 5.11 ÷ 20.84

0.25x

* Primary Listing of Transocean.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transocean is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Transocean's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Transocean has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TOJ Future Performance

 How is Transocean expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Transocean expected to grow at an attractive rate?
  • Unable to compare Transocean's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Transocean's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Transocean's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TOJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TOJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 38.1%
DB:TOJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 10.9%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 32.2%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TOJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TOJ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 815
2021-12-31 3,913 653 -271 8
2020-12-31 3,436 517 -451 17
2019-12-31 3,131 204 -704 16
2019-09-25
DB:TOJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 3,076 554 -1,030
2019-03-31 3,108 404 -1,957
2018-12-31 3,018 558 -1,996
2018-09-30 2,874 538 -1,865
2018-06-30 2,767 732 -2,873
2018-03-31 2,688 1,092 -3,428
2017-12-31 2,772 1,170 -3,127
2017-09-30 2,671 1,559 -2,779
2017-06-30 2,868 1,617 -1,147
2017-03-31 3,327 1,461 621
2016-12-31 4,161 1,980 764
2016-09-30 4,605 2,238 1,206

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Transocean is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Transocean's revenue is expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TOJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from Transocean Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TOJ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 -0.56 -0.27 -0.78 8.00
2020-12-31 -0.76 -0.31 -1.17 14.00
2019-12-31 -1.18 -0.53 -1.36 13.00
2019-09-25
DB:TOJ Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -1.88
2019-03-31 -3.83
2018-12-31 -4.26
2018-09-30 -4.26
2018-06-30 -6.83
2018-03-31 -8.51
2017-12-31 -8.00
2017-09-30 -7.19
2017-06-30 -3.02
2017-03-31 1.66
2016-12-31 2.08
2016-09-30 3.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Transocean will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Transocean's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Transocean has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TOJ Past Performance

  How has Transocean performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Transocean's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Transocean does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Transocean's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Transocean's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Transocean's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Transocean Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TOJ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,076.00 -1,030.00 178.00
2019-03-31 3,108.00 -1,957.00 185.00
2018-12-31 3,018.00 -1,996.00 176.00
2018-09-30 2,874.00 -1,865.00 173.00
2018-06-30 2,767.00 -2,873.00 175.00
2018-03-31 2,688.00 -3,428.00 158.00
2017-12-31 2,772.00 -3,127.00 157.00
2017-09-30 2,671.00 -2,779.00 157.00
2017-06-30 2,868.00 -1,147.00 162.00
2017-03-31 3,327.00 621.00 168.00
2016-12-31 4,161.00 764.00 152.00
2016-09-30 4,605.00 1,206.00 182.00
2016-06-30 5,307.00 1,307.00 186.00
2016-03-31 6,021.00 1,567.00 189.00
2015-12-31 7,386.00 855.00 192.00
2015-09-30 7,772.00 -559.00 197.00
2015-06-30 8,434.00 -3,091.00 204.00
2015-03-31 8,878.00 -2,831.00 223.00
2014-12-31 9,185.00 -1,819.00 234.00
2014-09-30 9,189.00 -942.00 247.00
2014-06-30 9,368.00 1,808.00 262.00
2014-03-31 9,404.00 1,523.00 276.00
2013-12-31 9,249.00 1,386.00 286.00
2013-09-30 9,323.00 1,601.00 276.00
2013-06-30 9,305.00 1,602.00 278.00
2013-03-31 9,270.00 986.00 280.00
2012-12-31 8,945.00 824.00 282.00
2012-09-30 8,925.00 -5,755.00 283.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Transocean has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Transocean has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Transocean improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Transocean's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Transocean has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TOJ Health

 How is Transocean's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Transocean's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Transocean is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Transocean's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Transocean's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Transocean Company Filings, last reported 2 months ago.

DB:TOJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 12,757.00 9,727.00 2,243.00
2019-03-31 12,953.00 9,414.00 1,886.00
2018-12-31 13,114.00 9,467.00 2,160.00
2018-09-30 11,961.00 8,808.00 2,307.00
2018-06-30 12,362.00 9,104.00 2,525.00
2018-03-31 13,484.00 9,322.00 2,879.00
2017-12-31 12,769.00 6,855.00 2,969.00
2017-09-30 12,851.00 6,755.00 2,717.00
2017-06-30 14,251.00 6,838.00 2,471.00
2017-03-31 15,935.00 7,836.00 3,093.00
2016-12-31 15,833.00 7,898.00 3,052.00
2016-09-30 15,413.00 7,688.00 2,534.00
2016-06-30 15,158.00 7,639.00 2,153.00
2016-03-31 15,067.00 7,868.00 2,574.00
2015-12-31 15,005.00 7,899.00 2,339.00
2015-09-30 14,041.00 8,156.00 2,234.00
2015-06-30 13,658.00 9,412.00 3,771.00
2015-03-31 13,521.00 9,411.00 2,688.00
2014-12-31 13,993.00 9,436.00 2,635.00
2014-09-30 14,959.00 9,735.00 2,873.00
2014-06-30 16,779.00 9,831.00 2,117.00
2014-03-31 17,177.00 9,838.00 1,987.00
2013-12-31 16,685.00 10,065.00 3,243.00
2013-09-30 16,259.00 10,086.00 3,559.00
2013-06-30 15,664.00 10,152.00 3,357.00
2013-03-31 16,027.00 10,588.00 3,689.00
2012-12-31 15,730.00 11,802.00 5,140.00
2012-09-30 15,256.00 13,468.00 6,007.00
  • Transocean's level of debt (76.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (58.7% vs 76.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Transocean has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Transocean has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.9% per year.
X
Financial health checks
We assess Transocean's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Transocean has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TOJ Dividends

 What is Transocean's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Transocean dividends. Estimated to be 0% next year.
If you bought €2,000 of Transocean shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Transocean's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Transocean's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TOJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 4.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TOJ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 9.00
2020-12-31 0.00 11.00
2019-12-31 0.00 11.00
2019-09-25
DB:TOJ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-05-03 0.000 0.000
2017-03-07 0.000 0.000
2017-02-23 0.000 0.000
2016-11-02 0.000 0.000
2016-08-03 0.000 0.000
2016-05-05 0.000 0.000
2016-05-04 0.000 0.000
2016-02-25 0.000 0.000
2016-02-24 0.000 0.000
2015-11-04 0.000 0.000
2015-08-14 0.600 4.176
2015-05-06 0.600 3.714
2015-02-06 3.000 18.321
2014-11-04 3.000 15.712
2014-08-13 3.000 9.018
2014-05-20 3.000 7.052
2014-02-27 3.000 7.247
2014-02-26 3.000 7.013
2013-05-17 2.240 4.698
2013-05-08 0.000 0.000
2013-03-04 0.000 0.000
2013-03-01 0.000 0.000
2012-11-05 0.000 0.000
2012-02-09 3.160 6.655
2011-11-10 3.160 7.229
2011-08-11 3.160 5.993
2011-04-04 3.160 4.820

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Transocean has not reported any payouts.
  • Unable to verify if Transocean's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Transocean's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Transocean has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Transocean's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Transocean's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Transocean afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Transocean has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TOJ Management

 What is the CEO of Transocean's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Thigpen
COMPENSATION $8,550,795
AGE 44
TENURE AS CEO 4.4 years
CEO Bio

Mr. Jeremy D. Thigpen has been the Chief Executive Officer and President of Transocean Ltd. since April 22, 2015. Prior to joining Transocean, Mr. Thigpen served as the Chief Financial Officer and Senior Vice President of National Oilwell Varco, Inc. from December 2012 to April 21, 2015. Mr. Thigpen served as the President of NQL Energy Services Inc. (before acquired by National Oilwell Varco). since December 2006. Mr. Thigpen served as the President of Downhole & Pumping Solutions of National Oilwell Varco, Inc. from August 2007 to December 06, 2012. Mr. Thigpen joined National-Oilwell, Inc. in 1997 and served in various management and business development capacities, including Director of Business Development and Special Assistant to the Chairman. He served as Chief Executive Officer of NQL Energy Services Inc. He served as Group President of Downhole Tools Group of National Oilwell Varco, Inc. (National-oilwell Inc.) from May 2003 to August 2007 and Manager of Downhole Tools Group from April 2002 to May 2003. Mr. Thigpen has been with National-oilwell Inc. since 1997 serving in various management and business development capacities, including Director of Business Development and Special Assistant to the Chairman. He has been an Executive Director of Transocean Ltd. since October 29, 2015. Mr. Thigpen served as a Director of NQL Energy Services Inc. since December 2006. Mr. Thigpen holds a Bachelor of Arts degree in Economics and Managerial Studies from Rice University in 1997 and he completed the Program for Management Development at Harvard Business School in 2001.

CEO Compensation
  • Jeremy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeremy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Transocean management team in years:

4
Average Tenure
49.5
Average Age
  • The tenure for the Transocean management team is about average.
Management Team

Jeremy Thigpen

TITLE
President
COMPENSATION
$9M
AGE
44
TENURE
4.4 yrs

Mark-Anthony Mey

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
56
TENURE
4.3 yrs

Keelan Adamson

TITLE
Executive VP & Chief Operations Officer
COMPENSATION
$2M
AGE
50
TENURE
1.3 yrs

Howard Davis

TITLE
Executive VP and Chief Administrative Officer & Information Officer
COMPENSATION
$3M
AGE
60
TENURE
4.1 yrs

Brady Long

TITLE
Executive VP & General Counsel
COMPENSATION
$3M
AGE
46
TENURE
3.8 yrs

David Tonnel

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$2M
AGE
49
TENURE
2.4 yrs

Thad Vayda

TITLE
VP of Corporate Finance & Treasurer
TENURE
4.1 yrs

Paul Johnson

TITLE
Senior Vice President of HSE
TENURE
1.1 yrs

Bradley Alexander

TITLE
Vice President of Investor Relations
TENURE
4.1 yrs

Roddie Mackenzie

TITLE
Senior Vice President of Marketing
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Transocean board of directors in years:

6.3
Average Tenure
64
Average Age
  • The tenure for the Transocean board of directors is about average.
Board of Directors

Chad Deaton

TITLE
Chairman of the Board
COMPENSATION
$330K
AGE
67
TENURE
0.3 yrs

Jeremy Thigpen

TITLE
President
COMPENSATION
$9M
AGE
44
TENURE
3.9 yrs

Ed Muller

TITLE
Independent Director
COMPENSATION
$330K
AGE
67
TENURE
11.8 yrs

Ek Kia Tan

TITLE
Independent Director
COMPENSATION
$340K
AGE
71
TENURE
8.3 yrs

Glyn Barker

TITLE
Independent Director
COMPENSATION
$355K
AGE
66
TENURE
7.3 yrs

Vince Intrieri

TITLE
Independent Director
COMPENSATION
$329K
AGE
62
TENURE
5.3 yrs

Vanessa C. Chang

TITLE
Independent Director
COMPENSATION
$320K
AGE
66
TENURE
7.3 yrs

Sam Merksamer

TITLE
Independent Director
COMPENSATION
$320K
AGE
39
TENURE
6.3 yrs

Fred Curado

TITLE
Independent Director
COMPENSATION
$320K
AGE
58
TENURE
6.3 yrs

Frederik Mohn

TITLE
Independent Director
COMPENSATION
$312K
AGE
42
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Transocean individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Aug 19 Buy Vanessa C. Chang Individual 14. Aug 19 14. Aug 19 4,000 €3.59 €14,358
14. Aug 19 Buy Vanessa C. Chang Individual 12. Aug 19 12. Aug 19 3,500 €3.73 €13,065
05. Aug 19 Buy Chadwick Deaton Individual 02. Aug 19 02. Aug 19 25,000 €4.76 €119,064
01. Jul 19 Sell Howard Davis Individual 28. Jun 19 28. Jun 19 -98,049 €5.55 €-544,566
01. Jul 19 Buy Howard Davis Individual 28. Jun 19 28. Jun 19 98,049 €5.58 €547,151
10. Jun 19 Buy Vanessa C. Chang Individual 06. Jun 19 06. Jun 19 4,300 €5.24 €22,541
08. May 19 Buy Vincent Intrieri Individual 07. May 19 07. May 19 10,000 €6.57 €65,716
31. Dec 18 Sell Howard Davis Individual 28. Dec 18 28. Dec 18 -55,212 €6.20 €-342,538
20. Dec 18 Sell Howard Davis Individual 19. Dec 18 19. Dec 18 -10,298 €6.37 €-65,613
12. Dec 18 Buy Vanessa C. Chang Individual 10. Dec 18 10. Dec 18 6,000 €7.04 €42,226
X
Management checks
We assess Transocean's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Transocean has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TOJ News

Simply Wall St News

TOJ Company Info

Description

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.

Details
Name: Transocean Ltd.
TOJ
Exchange: DB
Founded: 1953
$3,021,899,110
611,803,445
Website: http://www.deepwater.com
Address: Transocean Ltd.
c30,
Steinhausen,
Zug, 6312,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RIG Registered Shares New York Stock Exchange US USD 28. May 1993
DB TOJ Registered Shares Deutsche Boerse AG DE EUR 28. May 1993
LSE 0QOW Registered Shares London Stock Exchange GB USD 28. May 1993
SWX RIGN Registered Shares SIX Swiss Exchange CH CHF 28. May 1993
BMV RIG N Registered Shares Bolsa Mexicana de Valores MX MXN 28. May 1993
BOVESPA RIGG34 BDR EA REPR 1 COM SHS CHF0.10 Bolsa de Valores de Sao Paulo BR BRL 01. Aug 2016
Number of employees
Current staff
Staff numbers
5,900
Transocean employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 21:24
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/09/25
Last earnings filing: 2019/07/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.