Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-12
VAL [bullish]
Valaris Limited
+105.26%
current return
Author Info
No bio for this author
Company Info
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally.
Market Cap
$7.9B
Pitch Price
$49.44
Price Target
190.00 (+87%)
Dividend
N/A
EV/EBITDA
13.84
P/E
7.96
EV/Sales
3.81
Sector
Energy Equipment and Services
Category
value
Sharmos Capital Partners: Valaris (VAL)
VAL: Undervalued offshore drilling giant with 49 high-spec vessels (15 floaters, 34 jack-ups) at 1.5x P/B. $3.96B EV with $642M net debt. Strong $4.2B backlog, $1.1B added YTD. Offshore economics now superior to shale with $37-43/bbl breakevens vs $45+ onshore. PT $190 based on fleet replacement value of $14.25B ($475M/vessel).