Added to YB: 2025-10-16
Pitch date: 2025-10-15
RIG [bullish]
Transocean Ltd.
+22.52%
current return
Author Info
100x Compounding is an investment analyst. I study small cap stocks in left for dead industries with a deep value focus. Sign up for the newsletter.
Company Info
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.
Market Cap
$4.7B
Pitch Price
$3.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.54
P/E
-1.28
EV/Sales
2.61
Sector
Energy Equipment and Services
Category
turnaround
Deep Value in Deep Water - Transocean Ltd.
RIG: World's largest deepwater driller w/ 27 units (20 UDW drillships, 7 semisubs) dominates ~85 global deepwater fleet. Owns only 8G drillships providing 30% cost/time savings. Supply constrained: 3-5yr build times, $B capex, shipyard consolidation discourage newbuilds. Recent equity raise (though dilutive) should be last needed. Trading at 0.30x P/B despite improving fundamentals.
Read full article (7 min)