TRANSOCEAN LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.87 USD | +2.26% |
|
+3.53% | -7.56% |
| Apr. 18 | Morgan Stanley Lifts Price Target on Transocean to $8 From $7, Keeps Equalweight Rating | MT |
| Apr. 12 | Transocean Prices $1.8 Billion Debt Offerings | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,210 | 1,421 | 1,809 | 3,292 | 5,137 | 4,861 | - | - |
| Enterprise Value (EV) 1 | 11,681 | 8,074 | 8,003 | 9,956 | 11,788 | 11,177 | 10,393 | 9,628 |
| P/E ratio | -3.36 x | -2.51 x | -2.97 x | -5.12 x | -5.12 x | -48.2 x | 13.8 x | 20.2 x |
| Yield | - | - | - | - | - | - | - | 6.81% |
| Capitalization / Revenue | 1.36 x | 0.45 x | 0.71 x | 1.28 x | 1.81 x | 1.34 x | 1.2 x | 1.17 x |
| EV / Revenue | 3.78 x | 2.56 x | 3.13 x | 3.87 x | 4.16 x | 3.08 x | 2.57 x | 2.31 x |
| EV / EBITDA | 11.9 x | 6.72 x | 8.04 x | 12.2 x | 16 x | 9.02 x | 6.47 x | 5.99 x |
| EV / FCF | -249 x | 60.7 x | 21.8 x | -37 x | -44.8 x | 42.5 x | 11.5 x | 11.6 x |
| FCF Yield | -0.4% | 1.65% | 4.59% | -2.7% | -2.23% | 2.35% | 8.68% | 8.61% |
| Price to Book | 0.35 x | 0.12 x | 0.16 x | 0.31 x | 0.47 x | 0.45 x | 0.44 x | 0.44 x |
| Nbr of stocks (in thousands) | 611,862 | 615,110 | 655,505 | 721,888 | 809,031 | 828,116 | - | - |
| Reference price 2 | 6.880 | 2.310 | 2.760 | 4.560 | 6.350 | 5.870 | 5.870 | 5.870 |
| Announcement Date | 2/17/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/19/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,088 | 3,152 | 2,556 | 2,575 | 2,832 | 3,630 | 4,037 | 4,160 |
| EBITDA 1 | 979 | 1,201 | 995 | 816 | 738 | 1,240 | 1,606 | 1,608 |
| EBIT 1 | -63 | 205 | 253 | 81 | -6 | 507.6 | 869.2 | 874.2 |
| Operating Margin | -2.04% | 6.5% | 9.9% | 3.15% | -0.21% | 13.98% | 21.53% | 21.01% |
| Earnings before Tax (EBT) 1 | -1,198 | -541 | -470 | -562 | -941 | -0.7099 | 407.1 | 297.7 |
| Net income 1 | -1,255 | -567 | -592 | -621 | -954 | -48.95 | 353.4 | 233 |
| Net margin | -40.64% | -17.99% | -23.16% | -24.12% | -33.69% | -1.35% | 8.75% | 5.6% |
| EPS 2 | -2.050 | -0.9200 | -0.9300 | -0.8900 | -1.240 | -0.1218 | 0.4251 | 0.2900 |
| Free Cash Flow 1 | -47 | 133 | 367 | -269 | -263 | 262.8 | 902.1 | 828.7 |
| FCF margin | -1.52% | 4.22% | 14.36% | -10.45% | -9.29% | 7.24% | 22.34% | 19.92% |
| FCF Conversion (EBITDA) | - | 11.07% | 36.88% | - | - | 21.2% | 56.18% | 51.52% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 255.31% | 355.65% |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.4000 |
| Announcement Date | 2/17/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/19/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 626 | 621 | 586 | 692 | 691 | 606 | 649 | 729 | 713 | 741 | 780.4 | 881 | 974.3 | 994.6 | 987.5 |
| EBITDA 1 | 245 | 250 | 163 | 245 | 268 | 140 | 217 | 237 | 162 | 122 | 192.8 | 284.7 | 374 | 390.6 | 400.6 |
| EBIT 1 | 60 | 66 | -20 | 61 | 86 | -46 | 35 | 51 | -30 | -62 | 5.784 | 100.6 | 196.1 | 208.6 | 193.4 |
| Operating Margin | 9.58% | 10.63% | -3.41% | 8.82% | 12.45% | -7.59% | 5.39% | 7% | -4.21% | -8.37% | 0.74% | 11.42% | 20.13% | 20.98% | 19.59% |
| Earnings before Tax (EBT) 1 | -103 | -149 | -149 | -65 | -33 | -315 | -414 | -181 | -263 | -83 | -123.6 | -28.3 | 60.57 | 83.8 | 84.59 |
| Net income 1 | -130 | -260 | -175 | -68 | -28 | -350 | -465 | -165 | -220 | -104 | -131.3 | -32.98 | 42.05 | 70.33 | 56.37 |
| Net margin | -20.77% | -41.87% | -29.86% | -9.83% | -4.05% | -57.76% | -71.65% | -22.63% | -30.86% | -14.04% | -16.82% | -3.74% | 4.32% | 7.07% | 5.71% |
| EPS 2 | -0.2000 | -0.4000 | -0.2600 | -0.1000 | -0.0400 | -0.4800 | -0.6400 | -0.2200 | -0.2800 | -0.1300 | -0.1676 | -0.0400 | 0.0653 | 0.0891 | 0.0799 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/21 | 2/22/22 | 5/2/22 | 8/1/22 | 11/2/22 | 2/21/23 | 5/1/23 | 7/31/23 | 10/30/23 | 2/19/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,471 | 6,653 | 6,194 | 6,664 | 6,651 | 6,316 | 5,532 | 4,767 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.631 x | 5.54 x | 6.225 x | 8.167 x | 9.012 x | 5.095 x | 3.445 x | 2.964 x |
| Free Cash Flow 1 | -47 | 133 | 367 | -269 | -263 | 263 | 902 | 829 |
| ROE (net income / shareholders' equity) | -7.1% | -4% | -5.23% | -5.65% | -10.8% | -0.55% | 2.47% | 3.13% |
| ROA (Net income/ Total Assets) | -3.56% | -2.03% | -2.79% | -3.02% | -5.55% | -0.33% | 1.54% | 2% |
| Assets 1 | 35,209 | 27,930 | 21,241 | 20,559 | 17,191 | 14,924 | 23,020 | 11,650 |
| Book Value Per Share 2 | 19.40 | 18.60 | 17.10 | 14.90 | 13.60 | 13.00 | 13.40 | 13.40 |
| Cash Flow per Share 2 | 0.5600 | 0.6500 | 0.9000 | 0.6400 | 0.2100 | 0.7400 | 1.360 | - |
| Capex 1 | 387 | 265 | 208 | 717 | 427 | 243 | 221 | 241 |
| Capex / Sales | 12.53% | 8.41% | 8.14% | 27.84% | 15.08% | 6.69% | 5.46% | 5.79% |
| Announcement Date | 2/17/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/19/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
5.87
USD
Average target price
7.456
USD
Spread / Average Target
+27.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.56% | 4.86B | |
| +1.59% | 16.73B | |
| +12.28% | 9.69B | |
| -4.38% | 6.61B | |
| -18.75% | 5.69B | |
| +0.92% | 5.01B | |
| +4.17% | 4.54B | |
| +11.51% | 3.99B | |
| +7.22% | 3.9B | |
| -20.42% | 3.61B |
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- Financials Transocean Ltd.
