Valuation: Global Rig Company ASA

Market Cap 1.93B 203M 176M 165M 150M 283M 19.38B 288M 1.93B 757M 9.7B 763M 746M 32.35B P/E 2026 *
11.7x
P/E 2027 * 8.18x
Enterprise Value 1.87B 197M 171M 160M 146M 274M 18.78B 279M 1.87B 734M 9.4B 739M 723M 31.37B EV / Sales 2026 *
1.66x
EV / Sales 2027 * 1.63x
Free-Float
41.36%
Yield 2026 *
10.6%
Yield 2027 * 13.2%
Manager TitleAgeSince
Chief Executive Officer 62 01/01/2017
Chief Operating Officer - 01/11/2014
Investor Relations Contact - 01/08/2022
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 01/03/2022
Director/Board Member 40 01/06/2023
Change 5-day change 1-year change 3-year change Capi.($)
+1.53%-1.64%+4.18%+51.78% 25.65B
+6.82%+6.66%+65.97%-18.02% 6.95B
-0.64%+2.33%-2.22%-24.71% 6.93B
+1.57%+11.30%+99.66%-32.44% 6.39B
+1.46%+11.08%+87.35%+15.21% 5.94B
+3.47%-0.55%+21.93% - 5.17B
0.00%+0.77%-18.12%+9.17% 4.95B
+0.64%+9.61%+104.44%-26.90% 4.19B
+1.65%+23.40%+142.78%-0.86% 4.18B
Average +1.84%+19.23%+56.22%-3.35% 7.82B
Weighted average by Cap. +1.83%+15.11%+39.31%+12.94%

Financials

2026 *2027 *
Net sales 1.13B 119M 103M 96.27M 87.84M 165M 11.32B 168M 1.13B 442M 5.66B 446M 436M 18.9B 1.15B 121M 105M 97.89M 89.31M 168M 11.51B 171M 1.15B 450M 5.76B 453M 443M 19.22B
Net income 167M 17.54M 15.2M 14.23M 12.98M 24.43M 1.67B 24.85M 167M 65.38M 837M 65.86M 64.43M 2.79B 238M 25.04M 21.7M 20.32M 18.54M 34.89M 2.39B 35.47M 238M 93.34M 1.2B 94.04M 91.99M 3.99B
Net Debt -58.81M -6.19M -5.37M -5.02M -4.58M -8.62M -590M -8.77M -58.89M -23.07M -296M -23.25M -22.74M -986M -62.27M -6.55M -5.68M -5.32M -4.85M -9.13M -625M -9.28M -62.35M -24.43M -313M -24.61M -24.07M -1.04B
Logo Global Rig Company ASA
Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.
Employees
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Trader
Investor
Global
Quality
ESG MSCI
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