Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-12
VAL [bullish]
Valaris Limited
-3.38%
current return
Author Info
No bio for this author
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Company Info
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, U.
Market Cap
$3.2B
Pitch Price
$49.44
Price Target
190.00 (+298%)
Dividend
N/A
Sector
Energy Equipment and Services
Category
value
Show full summary:
Sharmos Capital Partners: Valaris (VAL)
VAL: Undervalued offshore drilling giant with 49 high-spec vessels (15 floaters, 34 jack-ups) at 1.5x P/B. $3.96B EV with $642M net debt. Strong $4.2B backlog, $1.1B added YTD. Offshore economics now superior to shale with $37-43/bbl breakevens vs $45+ onshore. PT $190 based on fleet replacement value of $14.25B ($475M/vessel).