Professional
Added to YB: 2025-08-29
Pitch date: 2025-06-30
VAL [bullish]
Valaris Limited
+27.36%
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, U.
Market Cap
$3.9B
Pitch Price
$42.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.66
P/E
9.97
EV/Sales
1.82
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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