Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-16
VAL [bullish]
Valaris Limited
-29.63%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
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
$76.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.66
P/E
9.97
EV/Sales
1.82
Sector
Energy Equipment and Services
Category
turnaround
Praetorian Capital holding: Valaris ($VAL)
VAL: Bullish on energy services. Bankruptcies reduced capacity & competition. Oil price recovery to drive drilling demand. Spending delays extend thesis but increase prices, forcing more E&P investment. Bought at fraction of replacement cost despite restored B/S & +FCF. Upside as cash flow potential realized & equip reprices to replacement value.
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