Added to YB: 2025-07-23
Pitch date: 2025-07-22
VAL [bullish]
Valaris Limited
+123.11%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
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
$49.12
Price Target
90.00 (-19%)
Dividend
N/A
EV/EBITDA
13.84
P/E
7.96
EV/Sales
3.81
Sector
Energy Equipment and Services
Category
value
Valaris : Unmatched Deepwater Value
VAL: Premium 7G/7G+ drillships + jackups repricing 2025-26. $4.24B backlog (~80% 2026 coverage) at $350k-550k/d w/ floors. Net Debt/EBITDA 1.1×, $830M liquidity, $375M undrawn revolver. Trades 6x EV/EBITDA vs peers 8.5× & replacement cost 8-10×. PT $70-110 (+50-130% upside). Catalysts: Q3 floater awards, buyback/$150M auth, H2 dividend potential. Risks: oil volatility, mobilization delays.
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