SDRL Relative Valuation - Seadrill Ltd - Alpha Spread

Seadrill Ltd
NYSE:SDRL

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Seadrill Ltd
NYSE:SDRL
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Price: 40.8 USD -0.85% Market Closed
Market Cap: 2.8B USD
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Relative Value

The Relative Value of one SDRL stock under the Base Case scenario is 76.7 USD. Compared to the current market price of 40.8 USD, Seadrill Ltd is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SDRL Relative Value
Base Case
76.7 USD
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
31
vs Industry
42
Median 3Y
0
Median 5Y
0
Industry
2.2
Forward
2
vs History
31
vs Industry
26
Median 3Y
0
Median 5Y
0
Industry
16.5
Forward
27.8
vs History
31
vs Industry
12
Median 3Y
0
Median 5Y
0
Industry
10.4
vs History
31
vs Industry
20
Median 3Y
0
Median 5Y
0
Industry
14.8
vs History
62
vs Industry
35
Median 3Y
1
Median 5Y
1
Industry
1.6
vs History
31
vs Industry
46
Median 3Y
0
Median 5Y
0
Industry
3.2
Forward
1.9
vs History
31
vs Industry
42
Median 3Y
0
Median 5Y
0
Industry
6.8
vs History
31
vs Industry
20
Median 3Y
0
Median 5Y
0
Industry
11.2
Forward
6.2
vs History
31
vs Industry
17
Median 3Y
0
Median 5Y
0
Industry
13.2
Forward
10
vs History
31
vs Industry
14
Median 3Y
0
Median 5Y
0
Industry
11.6
vs History
31
vs Industry
10
Median 3Y
0
Median 5Y
0
Industry
12.7
vs History
62
vs Industry
44
Median 3Y
0.9
Median 5Y
0.9
Industry
1.5

Multiples Across Competitors

SDRL Competitors Multiples
Seadrill Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
BM
Seadrill Ltd
NYSE:SDRL
2.8B USD 1.8 5.9 5.2 7.7
SA
ADES Holding Company SJSC
SAU:2382
21.7B SAR 4 33.6 12 20.3
CN
China Oilfield Services Ltd
SSE:601808
39.6B CNY 0.8 12.1 8.3 8.3
US
Noble Corporation PLC
CSE:NOBLE
35.6B DKK 2 8.9 5.7 8.7
US
Noble Corp (Cayman Island)
NYSE:NE
5.2B USD 2 8.7 5.7 8.5
BM
Valaris Ltd
NYSE:VAL
4B USD 1.9 3.9 16.2 26.1
CH
Transocean Ltd
NYSE:RIG
4B USD 1.3 -11.5 13.9 -468.2
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
3.2B USD 0.6 26.1 3.2 12
US
Helmerich and Payne Inc
NYSE:HP
3.1B USD 1.1 8.9 4.1 8
SA
Arabian Drilling Co
SAU:2381
10.8B SAR 2.8 22 8 16.6
DK
Maersk Drilling A/S
OTC:DDRLF
1.5B USD 1.3 16.5 4.8 26

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