Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-08
VAL [bullish]
Valaris Limited
+128.17%
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, Gulf of America, Australia, Angola, and internationally.
Market Cap
$6.9B
Pitch Price
$42.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.19
P/E
6.94
EV/Sales
3.36
Sector
Energy Equipment and Services
Category
turnaround
Valaris Limited: Positioned for Cash Flow and Buyback-Driven Growth
VAL: World's largest offshore drilling fleet at 10% replacement cost. $2B EBIT backlog + ARO JV nearly covers $4B EV. High-spec rigs, consolidating sector. Buybacks accelerating. Offshore gaining vs shale: lower breakevens, better IRRs. CVX shifting to offshore. Upside in day rates.
Read full article (2 min)