Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
NOL.OL
STRONG SELLNorthern Ocean Ltd. · Energy · Bermuda · $250M · Avg Vol: $2M/d
COMPANY DESCRIPTION
Northern Ocean Ltd. is an international offshore drilling contractor owning a fleet of high-specification, harsh-environment semi-submersible drilling rigs. The company's ultra-deepwater rigs are designed to operate in the most challenging offshore environments, such as the North Sea and deep-water West Africa. Its competitive advantage lies in the premium quality of its modern assets, which command high dayrates and utilization from major oil and gas operators.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.7M | 236.9M | 263.9M | 279.4M | 134.5% | 229.0M | 630.5M | 1.0B | 91.4% |
| EPS | -0.80 | -0.39 | -0.23 | -0.34 | — | -0.38 | — | — | — |
| Shares | 181.6M | 182.7M | 303.2M | 303.2M | +67.0% | 303.2M | — | — | — |
| Debt | 481.6M | 541.8M | 530.9M | 100.0M | -40.8% | 100.0M | — | — | — |
| Equity | 506.8M | 436.9M | 446.2M | 345.1M | -12.0% | — | — | — | — |
| Op CF | -52.8M | -30.6M | -19.4M | -0.6M | — | -32.5M | — | — | — |
| Inv CF | -4.7M | -49.0M | -55.4M | 427.2M | — | — | — | — | — |
| Fin CF | 114.8M | 61.1M | 63.2M | -431.8M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of NOL.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| NOL.OL | Northern Ocean Ltd.(you) | $250M | 19 | STRONG SELL |
| BORR | Borr Drilling Limited | $1.3B | 46 | HOLD |
| PLSV.OL | PARATUS ENERGY SERVICES LTD. | $749M | 88 | STRONG BUY |
| NBR | Nabors Industries Ltd. | $1.2B | 84 | STRONG BUY |
| VAL | Valaris Limited | $5.3B | 62 | HOLD |
| GKP.OL | Gulf Keystone Petroleum Limited | $572M | 57 | HOLD |
| BWO.OL | BW Offshore Limited | $811M | 54 | HOLD |
| SNM.OL | ShaMaran Petroleum Ltd. | $384M | 83 | STRONG BUY |
| FLNG | FLEX LNG Ltd. | $1.6B | 55 | HOLD |
| NAT | Nordic American Tankers Limited | $1.2B | 64 | HOLD |
Peer medians: ROE 10.6% · P/E 9.8x · Gross margin 48.5%