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Borr Drilling

OB:BDRILL
Snowflake Description

High growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BDRILL
OB
NOK6B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Borr Drilling has significant price volatility in the past 3 months.
BDRILL Share Price and Events
7 Day Returns
-6.5%
OB:BDRILL
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-68.8%
OB:BDRILL
-32.6%
NO Energy Services
-8.3%
NO Market
BDRILL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Borr Drilling (BDRILL) -6.5% 20.5% -23.9% -68.8% - -
NO Energy Services -0.3% 14.9% -3.1% -32.6% 12.6% -56.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • BDRILL underperformed the Energy Services industry which returned -32.6% over the past year.
  • BDRILL underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
BDRILL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Borr Drilling's competitors could be found in our database.

Value

 Is Borr Drilling 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 Borr Drilling 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 Borr Drilling.

OB:BDRILL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

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 OB:BDRILL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 21%) (221.31%))
2.324
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)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:BDRILL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Borr Drilling 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.

OB:BDRILL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.68%)
2020 -835.33 Analyst x3 -734.81
2021 152.00 Analyst x1 117.62
2022 177.88 Est @ 17.02% 121.08
2023 200.01 Est @ 12.44% 119.76
2024 218.49 Est @ 9.24% 115.08
2025 233.78 Est @ 7% 108.32
2026 246.46 Est @ 5.42% 100.45
2027 257.12 Est @ 4.33% 92.18
2028 266.26 Est @ 3.56% 83.98
2029 274.29 Est @ 3.02% 76.10
Present value of next 10 years cash flows $199.00
OB:BDRILL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $274.29 × (1 + 1.76%) ÷ (13.68% – 1.76%)
$2,341.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,341.62 ÷ (1 + 13.68%)10
$649.65
OB:BDRILL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $199.00 + $649.65
$848.65
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $848.65 / 110.82
$7.66
OB:BDRILL Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:BDRILL)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $7.66 x 8.977
NOK68.75
Value per share (NOK) From above. NOK68.75
Current discount Discount to share price of NOK58.00
= -1 x (NOK58.00 - NOK68.75) / NOK68.75
15.6%

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

Current Discount
Amount off the current price Borr Drilling is available for.
Intrinsic value
16%
Share price is NOK58 vs Future cash flow value of NOK68.75
Current Discount Checks
For Borr Drilling to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Borr Drilling's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Borr Drilling's share price is below the future cash flow value, but not 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 Borr Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Borr Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:BDRILL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-2.93
OB:BDRILL Share Price ** OB (2019-09-19) in NOK NOK58
OB:BDRILL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $6.46
Norway Energy Services Industry PE Ratio Median Figure of 14 Publicly-Listed Energy Services Companies 18.05x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

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

** Primary Listing of Borr Drilling.

OB:BDRILL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:BDRILL Share Price ÷ EPS (both in USD)

= 6.46 ÷ -2.93

-2.2x

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

  • Borr Drilling is loss making, we can't compare its value to the NO Energy Services industry average.
  • Borr Drilling is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Borr Drilling's expected growth come at a high price?
Raw Data
OB:BDRILL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
84%per year
Norway Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.68x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*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 Borr Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Borr Drilling's assets?
Raw Data
OB:BDRILL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $13.06
OB:BDRILL Share Price * OB (2019-09-19) in NOK NOK58
OB:BDRILL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $6.46
Norway Energy Services Industry PB Ratio Median Figure of 35 Publicly-Listed Energy Services Companies 0.64x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:BDRILL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:BDRILL Share Price ÷ Book Value per Share (both in USD)

= 6.46 ÷ 13.06

0.49x

* Primary Listing of Borr Drilling.

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

  • Borr Drilling is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Borr Drilling'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. Borr Drilling has a total score of 1/6, 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.

Future Performance

 How is Borr Drilling expected to perform in the next 1 to 3 years based on estimates from 8 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
84%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Borr Drilling expected to grow at an attractive rate?
  • Borr Drilling's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Borr Drilling's earnings growth is expected to exceed the Norway market average.
  • Borr Drilling's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:BDRILL Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:BDRILL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 84%
OB:BDRILL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 43%
Norway Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Norway Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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
OB:BDRILL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:BDRILL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,086 205 1
2021-12-31 962 201 78 7
2020-12-31 659 35 -53 8
2019-12-31 335 -44 -211 3
2019-09-19
OB:BDRILL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 242 -114 -308
2019-03-31 206 -104 -212
2018-12-31 165 -135 -191
2018-09-30 112 -256 -142
2018-06-30 62 -270 -112
2018-03-31 11 -226 -117
2017-12-31 0 -185 -88
2016-12-31 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Borr Drilling's earnings are expected to grow significantly at over 20% yearly.
  • Borr Drilling's revenue is expected to grow significantly at over 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
OB:BDRILL 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 8 Analyst Estimates (S&P Global) See Below

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

OB:BDRILL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.76 3.70 1.82 2.00
2021-12-31 0.48 1.90 -0.66 6.00
2020-12-31 -0.42 0.75 -1.12 7.00
2019-12-31 -1.71 -1.56 -1.87 3.00
2019-09-19
OB:BDRILL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -2.93
2019-03-31 -2.02
2018-12-31 -1.85
2018-09-30 -1.41
2018-06-30 -1.26
2018-03-31 -1.63
2017-12-31 -1.70
2016-12-31 -0.95

*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.
  • Borr Drilling is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Borr Drilling'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 Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway 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.
Borr Drilling has a total score of 5/6, 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.

Past Performance

  How has Borr Drilling 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 Borr Drilling'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.
  • Borr Drilling does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Borr Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Borr Drilling's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Borr Drilling'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 Borr Drilling Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:BDRILL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 241.70 -307.70 44.60
2019-03-31 206.20 -211.70 38.60
2018-12-31 164.90 -190.50 38.70
2018-09-30 111.50 -141.70 30.20
2018-06-30 61.80 -112.20 28.00
2018-03-31 10.70 -116.80 26.30
2017-12-31 0.10 -88.00 17.70
2016-12-31 -1.92 1.92

*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 Borr Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Borr Drilling has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Borr Drilling 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 Borr Drilling'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.
Borr Drilling 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.

Health

 How is Borr Drilling'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 Borr Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Borr Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Borr Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Borr Drilling'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 0.2x 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 Borr Drilling Company Filings, last reported 2 months ago.

OB:BDRILL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,372.90 1,572.90 77.70
2019-03-31 1,471.80 1,415.40 56.20
2018-12-31 1,533.50 1,174.60 32.10
2018-09-30 1,652.00 985.20 40.60
2018-06-30 1,698.30 809.40 54.00
2018-03-31 1,670.10 261.00 51.50
2017-12-31 1,492.90 87.00 164.00
2016-12-31 157.80 0.00 138.10
  • Borr Drilling's level of debt (114.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Borr Drilling's debt level has increased without past 5-year debt data.
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.

  • Borr Drilling has less than a year of cash runway based on current free cash flow.
  • Borr Drilling has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.3% each year.
X
Financial health checks
We assess Borr Drilling'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. Borr Drilling has a total score of 1/6, 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.

Dividends

 What is Borr Drilling'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 Borr Drilling dividends. Estimated to be 0.19% next year.
If you bought NOK2,000 of Borr Drilling shares you are expected to receive NOK0 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 Borr Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Borr Drilling'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
OB:BDRILL 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 8 Analyst Estimates (S&P Global) See Below
Norway Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

OB:BDRILL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.03 3.00
2020-12-31 0.01 3.00
2019-12-31 0.00 3.00
2019-09-19

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

  • Unable to perform a dividend volatility check as Borr Drilling has not reported any payouts.
  • Unable to verify if Borr Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Borr Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Borr Drilling has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Borr Drilling's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Borr Drilling's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Borr Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Borr Drilling 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.

Management

 What is the CEO of Borr Drilling'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
Svend Maier
COMPENSATION $7,492
AGE 54
TENURE AS CEO 1.5 years
CEO Bio

Mr. Svend Anton Maier serves as Chief Executive Officer at Borr Drilling Limited and served as Chief Operating Officer. Mr. Maier joined Borr Drilling Management Oslo on 19 December 2016. He transferred to the employment of Borr Drilling Management Dubai on 1 August 2017. He has more than three decades of experience within the Oil and Gas Industry. He worked for Seadrill Limited between 2007 and 2016. Mr. Maier served as Senior Vice President of Special Projects at SeaDrill Limited since January 2016. He served as Senior Vice President for Americas at SeaDrill Limited from February 2015 to December 2015. He has served as Chief Operating Officer for North Atlantic Drilling from July 2014 to February 2015. He served as Senior Vice President of Africa-Middle East at SeaDrill Limited from January 2011 to July 2014. He served as Senior Vice President of Africa and Vice President Deepwater Eastern Hemisphere of SeaDrill Limited. He joined Seadrill in 2007 as an Operations Manager of Africa and served as its Vice President of Deepwater Eastern Hemisphere since 2008. Previously, Mr. Maier worked for Transocean from 1996 to 2007 and Ross Offshore from 1986 until 1996. He has been a Non-Executive Director at Prosafe SE since December 8, 2016. He served as a Director of Sevan Drilling Limited since August 2015 until August 25, 2016. He served as Non-Independent Non-Executive Director at Sapura Energy Berhad (Alternate name: SapuraKencana Petroleum Berhad) from October 20, 2015 to May 09, 2016. Mr. Maier holds a degree in Marine Engineering from Tønsberg Maritime Academy.

CEO Compensation
  • Insufficient data for Svend to compare compensation growth.
  • Insufficient data for Svend to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Borr Drilling management team in years:

1.5
Average Tenure
55
Average Age
  • The average tenure for the Borr Drilling management team is less than 2 years, this suggests a new team.
Management Team

Svend Maier

TITLE
Chief Executive Officer
COMPENSATION
$7K
AGE
54
TENURE
1.5 yrs

Rune Lundetræ

TITLE
Deputy CEO & CFO
COMPENSATION
$21K
AGE
42
TENURE
2.1 yrs

Tor Trøim

TITLE
Founder & Chairman of the Board
AGE
56

Vidar Hasund

TITLE
Chief Accounting Officer

Magnus Vaaler

TITLE
Investor Relations Officer

Georgina Sousa

TITLE
Company Secretary & Director
AGE
68
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Borr Drilling board of directors in years:

1.7
Average Tenure
56
Average Age
  • The average tenure for the Borr Drilling board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tor Trøim

TITLE
Founder & Chairman of the Board
AGE
56
TENURE
2.1 yrs

Georgina Sousa

TITLE
Company Secretary & Director
AGE
68
TENURE
0.6 yrs

Patrick Schorn

TITLE
Director
AGE
50
TENURE
1.7 yrs

Alexandra Blankenship

TITLE
Director
AGE
54
TENURE
0.6 yrs

Jan Rask

TITLE
Director
AGE
63
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
27. Jun 19 Buy Midelfart Capital As Company 27. Jun 19 27. Jun 19 125 NOK76.19 NOK9,524
31. May 19 Buy Midelfart Capital As Company 29. May 19 29. May 19 115 NOK86.69 NOK9,970
31. May 19 Buy Svend Maier Individual 31. May 19 31. May 19 6,000 NOK87.83 NOK527,004
12. Dec 18 Buy Svend Maier Individual 12. Dec 18 12. Dec 18 2,000 NOK125.00 NOK250,000
03. Dec 18 Buy Svend Maier Individual 03. Dec 18 03. Dec 18 3,000 NOK145.00 NOK435,000
23. Nov 18 Buy Svend Maier Individual 23. Nov 18 23. Nov 18 2,000 NOK136.93 NOK273,867
X
Management checks
We assess Borr Drilling'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. Borr Drilling 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.

News

Simply Wall St News

Is Borr Drilling Limited's (OB:BDRILL) Liquidity Good Enough?

Mid-caps stocks, like Borr Drilling Limited (OB:BDRILL) with a market capitalization of øre18.87b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … BDRILL’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Check out our latest analysis for Borr Drilling

Simply Wall St -

When Can We Expect A Profit From Borr Drilling Limited (OB:BDRILL)?

Borr Drilling Limited operates as a drilling contractor to the oil and gas industry worldwide. … The US$20.68b market-cap posted a loss in its most recent financial year of -US$88.00m and a latest trailing-twelve-month loss of -US$116.80m leading to an even wider gap between loss and breakeven … I’ve put together a brief outline of industry analyst expectations for BDRILL, its year of breakeven and its implied growth rate.

Simply Wall St -

Who Really Owns Borr Drilling Limited (OB:BDRILL)?

BDRILL insiders are also influential stakeholders with 9.16% ownership in the company. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: BDRILL's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Is Borr Drilling Limited's (OB:BDRILL) Liquidity Good Enough?

Let’s take a look at BDRILL’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Check out our latest analysis for Borr Drilling How does BDRILL’s operating cash flow stack up against its debt? … OB:BDRILL Historical Debt Mar 30th 18 Is BDRILL’s debt level acceptable?

Simply Wall St -

Borr Drilling Limited (OB:BDRILL): Is Breakeven Near?

Check out our latest analysis for Borr Drilling BDRILL is bordering on breakeven, according to analysts. … How fast will BDRILL have to grow each year in order to reach the breakeven point by 2020? … For a more comprehensive look at BDRILL, take a look at BDRILL’s company page on Simply Wall St.

Simply Wall St -

Company Info

Description

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. The company operates a fleet of 27 jack-up drilling rigs. It provides drilling services to the oil and gas exploration and production companies, including integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited. Borr Drilling Limited was founded in 2016 and is based in Hamilton, Bermuda.

Details
Name: Borr Drilling Limited
BDRILL
Exchange: OB
Founded: 2016
NOK6,427,464,358
110,818,351
Website: http://www.borrdrilling.com
Address: Borr Drilling Limited
S.E. Pearman Building,
2nd Floor,
Hamilton,
HM11,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB BDRILL Common Shares Oslo Bors NO NOK 19. Dec 2016
NYSE BORR Common Shares New York Stock Exchange US USD 19. Dec 2016
DB B2WP Common Shares Deutsche Boerse AG DE EUR 19. Dec 2016
LSE 0BDR Common Shares London Stock Exchange GB NOK 19. Dec 2016
BATS-CHIXE BDRILO Common Shares BATS 'Chi-X Europe' GB NOK 19. Dec 2016
Number of employees
Current staff
Staff numbers
592
Borr Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:41
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/16
Last earnings filing: 2019/08/29
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.