Professional
Added to YB: 2025-08-29
Pitch date: 2025-06-30
VAL [bullish]
Valaris Limited
+138.78%
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
$42.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.84
P/E
7.96
EV/Sales
3.81
Sector
Energy Equipment and Services
Category
value
Moerus Capital Management New Position: Valaris Limited
VAL (new position): Offshore driller w/ 18 floaters, 33 jackups + 50% ARO JV stake. Industry consolidated to 4 players post-2019 bankruptcies, bringing pricing discipline. Supply declining via scrapping while demand rises. Emerged from 2021 bankruptcy w/ healthier balance sheet. Trading at discount to construction/secondary values. Potential catalysts: rising utilization/day rates, continued buybacks, segment monetization. Recent support vessel shortage created temporary headwinds.
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