Loading...

We've got a brand new version of Simply Wall St! Try it out

Northern Drilling

OB:NODL
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NODL
OB
NOK3B
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Northern Drilling has significant price volatility in the past 3 months.
NODL Share Price and Events
7 Day Returns
-8.5%
OB:NODL
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-64.6%
OB:NODL
-32.6%
NO Energy Services
-8.3%
NO Market
NODL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Northern Drilling (NODL) -8.5% -7.9% -26.7% -64.6% - -
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
  • NODL underperformed the Energy Services industry which returned -32.6% over the past year.
  • NODL underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
NODL
Industry
5yr Volatility vs Market
Related Companies

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

NODL Value

 Is Northern 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 Northern 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 Northern Drilling.

OB:NODL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in USD $ 0.0038461538461538
Payout Ratio Company Filings (2019-06-30) 0%
Discount Rate (Cost of Equity) See below 10.7%
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:NODL
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%) (118.45%))
1.497
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.497 * 5.96%)
10.68%

Discounted Cash Flow Calculation for OB:NODL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Northern Drilling is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OB:NODL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0 / (10.68% - 1.76%)
$0.39
OB:NODL Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:NODL)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $0.04 x 8.977
NOK0.39
Value per share (NOK) From above. NOK0.39
Current discount Discount to share price of NOK27.85
= -1 x (NOK27.85 - NOK0.39) / NOK0.39
-7098.6%

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

  • The current share price of Northern Drilling is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Northern Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Northern Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:NODL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.01
OB:NODL Share Price ** OB (2019-09-19) in NOK NOK27.85
OB:NODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $3.1
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 Northern Drilling.

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

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

= 3.1 ÷ -0.01

-253.83x

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

  • Northern Drilling is loss making, we can't compare its value to the NO Energy Services industry average.
  • Northern Drilling is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Northern Drilling's expected growth come at a high price?
Raw Data
OB:NODL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -253.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
61.3%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 Northern Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Northern Drilling's assets?
Raw Data
OB:NODL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $6.62
OB:NODL Share Price * OB (2019-09-19) in NOK NOK27.85
OB:NODL Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $3.1
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:NODL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.1 ÷ 6.62

0.47x

* Primary Listing of Northern Drilling.

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

  • Northern Drilling is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Northern 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. Northern 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.

NODL Future Performance

 How is Northern Drilling expected to perform in the next 1 to 3 years based on estimates from 7 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
61.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Northern Drilling expected to grow at an attractive rate?
  • Northern Drilling's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Northern Drilling's earnings growth is expected to exceed the Norway market average.
  • Unable to compare Northern Drilling's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:NODL Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:NODL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 61.3%
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:NODL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:NODL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 565 115 1
2021-12-31 362 63 -6 6
2020-12-31 178 30 11 7
2019-12-31 37 -33 -9 7
2019-09-19
OB:NODL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 -12 -1
2019-03-31 -8 0
2018-12-31 -2 0
2018-09-30 0 0
2018-06-30 0 -1
2018-03-31 0 -1
2017-12-31 0 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Northern Drilling's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Northern Drilling is high growth as no revenue estimate data is available.
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:NODL 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 7 Analyst Estimates (S&P Global) See Below

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

OB:NODL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.07 1.07 1.07 1.00
2021-12-31 0.37 0.56 0.18 2.00
2020-12-31 0.10 0.16 0.02 4.00
2019-12-31 -0.09 -0.09 -0.09 1.00
2019-09-19
OB:NODL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.01
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.13

*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.
  • Northern Drilling is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Northern 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.
Northern Drilling has a total score of 3/6, 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.

NODL Past Performance

  How has Northern 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 Northern 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.
  • Northern 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 Northern Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Northern Drilling's 1-year growth to the NO Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Northern 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 Northern Drilling Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NODL 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 -1.29 3.72
2019-03-31 -0.21 2.65
2018-12-31 -0.07 2.29
2018-09-30 -0.40 1.63
2018-06-30 -0.91 1.48
2018-03-31 -1.07 1.23
2017-12-31 -6.11 0.99

*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 Northern 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 Northern 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 Northern 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 Northern 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.
Northern 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.

NODL Health

 How is Northern 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 Northern Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Northern Drilling's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Northern Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Northern 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 0.1x 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 Northern Drilling Company Filings, last reported 2 months ago.

OB:NODL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 712.34 395.23 47.13
2019-03-31 713.24 197.92 100.32
2018-12-31 713.34 197.73 122.83
2018-09-30 713.96 0.00 145.44
2018-06-30 713.57 0.00 147.54
2018-03-31 468.29 0.00 83.07
2017-12-31 468.28 0.00 84.09
  • Northern Drilling's level of debt (55.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Northern 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.

  • Northern Drilling has less than a year of cash runway based on current free cash flow.
  • Northern Drilling has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 41.5% each year.
X
Financial health checks
We assess Northern 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. Northern 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.

NODL Dividends

 What is Northern 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 Northern Drilling dividends. Estimated to be 0.12% next year.
If you bought NOK2,000 of Northern 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 Northern Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Northern 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:NODL 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 7 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:NODL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.01 4.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00
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 Northern Drilling has not reported any payouts.
  • Unable to verify if Northern Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Northern Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Northern Drilling has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Northern Drilling's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Northern 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 Northern Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Northern 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.

NODL Management

 What is the CEO of Northern 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
Scott McReaken
AGE 41
TENURE AS CEO 0.8 years
CEO Bio

Mr. Scott McReaken has been the Chief Executive Officer at Sevan Drilling Limited since November 15, 2013. Mr. McReaken has been the Chief Financial Officer of North Atlantic Management AS at North Atlantic Drilling Limited since August 2015. He has been Chief Executive Officer at Northern Drilling Ltd since December 3. 2018. He served as Chief Financial Officer of Sevan Drilling Limited since December 21, 2013 and served as its Managing Director. He has worked Sevan Drilling since July 2012 as the Director of Finance for the Americas Region. Most recently, Mr. McReaken was responsible for supervising operations and financing for Sevan Drilling on behalf of Seadrill. Mr. McReaken is instrumental to the timely execution and implementations of the management service agreements. Before working in the contract drilling industry, he provided audit, assurance and advisory services, as an internal auditor and at Arthur Andersen. He held various management positions in Vantage Drilling and Pride International in Houston, Texas and Luanda, Angola. Mr. McReaken has a strong background within the Seadrill Group where he has held various management positions. In addition, he has held positions in other offshore drilling contractors in Norway, USA, West Africa and Latin America. He serves as Secretary-Treasurer at the International Association of Drilling Contractors (IADC). He has been a Director of Sevan Drilling Limited since December 2016. Mr. McReaken holds a Bachelor of Business Administration in Accounting from The University of Texas at Austin and is a Certified Public Accountant and Certified Internal Auditor.

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

Scott McReaken

TITLE
Chief Executive Officer
AGE
41
TENURE
0.8 yrs
Board of Directors Tenure

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

1.2
Average Tenure
55
Average Age
  • The average tenure for the Northern Drilling board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Casswell

TITLE
Chairman of the Board
AGE
66
TENURE
2 yrs

Gunnar Eliassen

TITLE
Director
AGE
33
TENURE
0.6 yrs

Jon Østhus

TITLE
Director
AGE
66
TENURE
1.3 yrs

Keesjan Cordia

TITLE
Director
AGE
44
TENURE
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)
03. Jun 19 Buy Greenwich Holdings Ltd. Company 03. Jun 19 03. Jun 19 452,646 NOK43.00 NOK19,463,780
03. Jan 19 Buy Greenwich Holdings Ltd. Company 03. Jan 19 03. Jan 19 53,195 NOK53.86 NOK2,865,030
21. Dec 18 Buy Greenwich Holdings Ltd. Company 21. Dec 18 21. Dec 18 165,000 NOK52.01 NOK8,581,584
20. Dec 18 Buy Greenwich Holdings Ltd. Company 20. Dec 18 20. Dec 18 390,000 NOK50.09 NOK19,535,764
17. Dec 18 Buy Greenwich Holdings Ltd. Company 17. Dec 18 17. Dec 18 88,678 NOK50.52 NOK4,479,995
14. Dec 18 Buy Greenwich Holdings Ltd. Company 14. Dec 18 14. Dec 18 240,000 NOK51.82 NOK12,436,872
X
Management checks
We assess Northern 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. Northern 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.

NODL News

Simply Wall St News

Should You Be Concerned About Northern Drilling Ltd's (OB:NODL) Shareholders?

I am going to take a deep dive into Northern Drilling Ltd’s (OB:NODL) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … OB:NODL Ownership Summary July 19th 18

Simply Wall St -

April Insights Into Oil & Gas Stocks: Northern Drilling Ltd (OB:NODL)

Check out our latest analysis for Northern Drilling What’s the catalyst for Northern Drilling's sector growth? … OB:NODL Future Profit Apr 11th 18 Over the past couple of years, the energy sector delivered a disappointing 40% negative growth rate, driven by the oil price collapse. … If Northern Drilling has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the energy industry.

Simply Wall St -

Who Are The Largest Shareholders In Northern Drilling Limited (OB:NODL)?

In this article, I'm going to take a look at Northern Drilling Limited’s (OB:NODL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors should dig deeper into NODL's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: NODL's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

When Will Northern Drilling Limited (OB:NODL) Breakeven?

Check out our latest analysis for Northern Drilling NODL is bordering on breakeven, according to analysts. … OB:NODL Past Future Earnings Mar 12th 18 I’m not going to go through company-specific developments for NODL given that this is a high-level summary, but, bear in mind that typically an oil and gas business has lumpy cash flows which are contingent on the natural resource and stage at which the company is operating. … For a more comprehensive look at NODL, take a look at NODL’s company page on Simply Wall St.

Simply Wall St -

NODL Company Info

Description

Northern Drilling Ltd., a drilling contractor, focuses on acquiring and operating offshore drilling rigs for oil and gas industry. It owns a one semi-submersible drilling rig and one semi-submersible under construction, as well as owns two drillships and an option to acquire a third drillship. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

Details
Name: Northern Drilling Ltd.
NODL
Exchange: OB
Founded: 2017
NOK2,995,434,126
107,555,983
Website: http://www.northerndrillingltd.com
Address: Northern Drilling Ltd.
Par La Ville Place,
14th Par La Ville Road,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NODL Common Shares Oslo Bors NO NOK 20. Mar 2017
DB ND6 Common Shares Deutsche Boerse AG DE EUR 20. Mar 2017
BATS-CHIXE NODLO Common Shares BATS 'Chi-X Europe' GB NOK 20. Mar 2017
Number of employees
Current staff
Staff numbers
1
Northern Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:42
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/16
Last earnings filing: 2019/08/30
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.