Added to YB: 2025-04-11
Pitch date: 2025-02-22
BORR [bullish]
Borr Drilling Limited
+34.85%
current return
Author Info
No bio for this author
Company Info
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.
Market Cap
$1.2B
Pitch Price
$2.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.80
P/E
14.46
EV/Sales
2.92
Sector
Energy Equipment and Services
Category
value
Borr Drilling Limited - $BORR
BORR: Modern jackup fleet trading at 45% of newbuild cost. 2024 EBITDA $505M, net income $82M. 77% booked for 2025 at $149k/day. Recent $181k/day contract. 93% market utilization. Potential $750-950M EBITDA (3-3.5x EV/EBITDA). 2.5% dividend, 1.8% buyback. Debt paydown key. Catalysts: debt reduction, buybacks, utilization normalization.
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