VAL - Valaris plc Stock Price, Fair Value and News

73.60USD+1.70 (+2.36%)Market Closed

Market Summary

USD73.60+1.70

Market Closed

2.36%

VAL Alerts

Big fall in earnings (Y/Y)

VAL Stock Price

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VAL RSI Chart

VAL Valuation

Market Cap

5.3B

Price/Earnings (Trailing)

6.2

Price/Sales (Trailing)

2.84

EV/EBITDA

29.11

Price/Free Cashflow

-8.21

VAL Price/Sales (Trailing)

VAL Profitability

EBT Margin

5.41%

Return on Equity

42.36%

Return on Assets

19.75%

Free Cashflow Yield

-12.18%

VAL Fundamentals

VAL Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

22.06%

Rev. Growth (Qtr)

8.52%

VAL Earnings

Earnings (TTM)

860.0M

Earnings Growth (Yr)

-45.4%

Earnings Growth (Qtr)

-96.89%

Breaking Down VAL Revenue

Last 7 days

14.9%

Last 30 days

1.4%

Last 90 days

13.5%

Trailing 12 Months

26.9%

How does VAL drawdown profile look like?

VAL Financial Health

Current Ratio

1.57

Debt/Equity

0.53

Debt/Cashflow

0.13

VAL Investor Care

Dividend Yield

0.02%

Dividend/Share (TTM)

0.01

Buy Backs (1Y)

3.68%

Diluted EPS (TTM)

11.25

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.9B	0	0	0
2023	1.7B	1.7B	1.7B	1.8B
2022	1.5B	1.4B	1.5B	1.6B
2021	1.3B	1.3B	1.6B	1.6B
2020	2.1B	1.9B	1.6B	1.4B
2019	1.7B	1.8B	1.9B	2.1B
2018	1.8B	1.8B	1.8B	1.7B
2017	2.4B	2.0B	1.9B	1.8B
2016	3.7B	3.6B	3.1B	2.8B
2015	4.7B	4.6B	4.4B	4.1B
2014	4.4B	4.5B	4.5B	4.6B
2013	3.9B	4.1B	4.2B	4.3B
2012	3.4B	3.8B	3.9B	3.9B
2011	1.6B	1.8B	2.2B	2.8B
2010	1.9B	1.8B	1.8B	1.7B
2009	2.2B	2.1B	1.8B	1.9B
2008	0	2.0B	2.1B	2.2B
2007	0	0	0	1.9B

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Tracking the Latest Insider Buys and Sells of Valaris plc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	barron melissa	acquired	-	-	159	controller
Mar 05, 2024	vukadin davor	acquired	-	-	3,678	svp & general counsel
Mar 05, 2024	dibowitz anton	acquired	-	-	17,775	president & ceo
Mar 05, 2024	lyne matthew	acquired	-	-	6,321	svp - cco
Mar 05, 2024	luca gilles	acquired	-	-	6,321	svp - coo
Mar 05, 2024	weber christopher t	acquired	-	-	6,321	svp - cfo
Aug 09, 2023	grable colleen	sold	-377,550	75.00	-5,034	vp - controller
Aug 07, 2023	oak hill advisors lp	sold	-307,020,000	73.1	-4,200,000	-
Jul 19, 2023	vukadin davor	sold (taxes)	-61,769	72.33	-854	svp & general counsel
Jul 19, 2023	dibowitz anton	sold (taxes)	-75,078	72.33	-1,038	president & ceo

Which funds bought or sold VAL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-62.2	-7,546,580	5,349,860	-%
May 07, 2024	Swiss National Bank	reduced	-1.3	749,786	9,746,170	0.01%
May 07, 2024	Headlands Technologies LLC	new	-	148,563	148,563	0.04%
May 07, 2024	Meixler Investment Management, Ltd.	added	41.93	894,446	2,497,960	1.87%
May 07, 2024	Allegheny Financial Group LTD	added	111	394,405	693,370	0.21%
May 07, 2024	Qsemble Capital Management, LP	new	-	301,793	301,793	0.07%
May 07, 2024	Arizona State Retirement System	reduced	-3.14	80,576	1,356,940	0.01%
May 07, 2024	Oslo Asset Management AS	reduced	-15.62	-811,100	10,160,100	12.31%
May 07, 2024	Bank Pictet & Cie (Europe) AG	unchanged	-	2,414,700	27,164,500	0.71%
May 07, 2024	ASSETMARK, INC	reduced	-2.8	7,999	127,791	-%

Are Funds Buying or Selling VAL?

Are funds buying VAL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VAL

No. of Funds

VAL Alerts

Big fall in earnings (Y/Y)

Unveiling Valaris plc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	orbis investment management ltd	7.9%	5,762,092	SC 13G
Feb 09, 2024	fmr llc	-	0	SC 13G
Feb 08, 2024	blackrock inc.	10.1%	7,364,239	SC 13G/A
Dec 06, 2023	blackrock inc.	10.0%	7,303,034	SC 13G/A
Aug 09, 2023	oak hill advisors lp	6.48%	4,766,016	SC 13D/A
Jun 08, 2023	famatown finance ltd	7.17%	0	SC 13D/A
Feb 13, 2023	goldentree asset management lp	2.8%	2,117,025	SC 13G/A
Feb 10, 2023	blackrock inc.	5.4%	4,041,827	SC 13G
Jan 27, 2023	famatown finance ltd	7.17%	0	SC 13D/A
Jan 19, 2023	lodbrok capital llp	3.99%	3,000,003	SC 13G/A

Recent SEC filings of Valaris plc

View All Filings

Date Filed	Form Type	Document
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
May 01, 2024	8-K	Current Report
Apr 17, 2024	ARS	ARS
Apr 17, 2024	DEF 14A	DEF 14A
Apr 17, 2024	DEFA14A	DEFA14A
Apr 03, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	3	Insider Trading
Mar 07, 2024	4	Insider Trading

Peers (Alternatives to Valaris plc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SLB	68.4B	-	-11.45%	1.44%	15.77	17.99	-86.47%	12.21%
HAL	32.8B	23.1B	-9.59%	23.02%	12.63	1.42	6.71%	32.21%
MID-CAP
FTI	11.5B	8.1B	-0.11%	88.18%	53.83	1.41	18.75%	572.06%
NOV	7.5B	8.8B	-7.16%	19.44%	7.58	0.85	14.70%	198.19%
CHX	6.4B	3.7B	-12.00%	24.29%	17.71	1.73	-4.02%	100.20%
LBRT	3.6B	4.6B	-1.62%	78.19%	7.63	0.8	-1.29%	-16.22%
AROC	3.2B	1.0B	-3.45%	103.74%	24.43	3.06	17.17%	118.50%
SMALL-CAP
DNOW	1.6B	2.3B	-4.73%	57.39%	6.31	0.67	8.66%	93.36%
CLB	681.3M	-	-4.75%	-21.89%	28.73	1.36	-	-
DRQ	661.9M	443.5M	-17.04%	-24.68%	-30.52	1.49	19.98%	-325.36%
CCLP	344.8M	386.1M	17.68%	82.03%	-36.38	0.89	9.26%	57.09%
BOOM	268.8M	701.7M	-28.38%	-23.75%	10.5	0.38	0.29%	55.69%

Valaris plc News

Latest updates

Valaris plc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	8.5%	525,000,000	483,800,000	455,100,000	415,200,000	430,100,000	433,600,000	437,200,000	413,300,000	318,400,000	305,500,000	326,700,000	529,500,000	397,400,000	307,100,000	296,500,000	285,300,000	388,800,000	456,600,000	512,100,000	551,300,000	583,900,000
Costs and Expenses	9.8%	498,100,000	453,800,000	440,900,000	424,400,000	424,900,000	401,100,000	378,500,000	437,600,000	372,600,000	324,300,000	326,200,000	197,900,000	1,290,600,000	1,156,500,000	465,400,000	501,700,000	1,402,800,000	3,502,100,000	697,500,000	783,800,000	741,900,000
S&GA Expenses	-100.0%	-	24,300,000	24,200,000	26,400,000	24,400,000	23,900,000	19,200,000	19,000,000	18,800,000	-17,250,000	27,200,000	12,700,000	30,700,000	24,300,000	26,500,000	72,100,000	62,600,000	53,400,000	42,000,000	36,100,000	81,200,000
EBITDA Margin	3.9%	0.11	0.10	0.27	0.31	0.39	0.38	0.69	0.68	0.54	-2.31	-2.87	-3.05	-4.14	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	2,400,000	-	-	-	-	-	-	-	-
Income Taxes	101.6%	12,900,000	-790,200,000	10,700,000	24,500,000	-27,600,000	9,800,000	13,800,000	20,200,000	-700,000	-54,350,000	53,300,000	15,100,000	16,200,000	31,700,000	-113,500,000	21,900,000	-15,800,000	-152,000,000	62,800,000	1,500,000	32,600,000
Earnings Before Taxes	0.3%	38,400,000	38,300,000	27,700,000	-2,800,000	21,000,000	40,900,000	91,500,000	133,000,000	-40,500,000	1,300,000	500,000	11,000,000	-4,447,600,000	-875,900,000	-182,600,000	-650,100,000	-1,124,600,000	-3,159,700,000	-151,200,000	-196,000,000	439,900,000
EBT Margin	14.6%	0.05	0.05	0.05	0.09	0.17	0.14	0.13	0.07	-0.02	-2.84	-3.40	-3.59	-4.79	-	-	-	-	-	-	-	-
Net Income	-96.9%	25,500,000	819,450,000	12,900,000	2,100,000	46,700,000	84,400,000	74,300,000	1,200,000	-38,600,000	2,278,350,000	-54,500,000	2,100,000	-4,467,000,000	-910,000,000	-2,126,350,000	-670,900,000	-1,400,000	-1,400,000	-216,000,000	-1,400,000	1,800,000
Net Income Margin	-7.3%	0.46	0.49	0.08	0.12	0.12	0.08	1.57	1.60	1.48	-1.44	-3.48	-4.90	-6.35	-	-	-	-	-	-	-	-
Free Cashflow	65.9%	-125,000,000	-366,300,000	-57,600,000	-100,100,000	95,400,000	100,800,000	32,800,000	-175,900,000	-37,700,000	-33,800,000	-8,700,000	-34,000,000	-48,600,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	0.7%	4,354	4,322	3,485	3,088	2,951	2,860	2,821	2,761	2,638	2,603	2,603	2,602	2,596	11,947	12,873	12,911	13,039	14,025	16,931	17,231	18,440
Current Assets	-5.9%	1,198	1,272	1,728	1,447	1,396	1,346	1,343	1,281	1,173	1,207	1,228	1,218	1,212	1,125	1,173	1,065	1,066	1,106	1,064	1,184	2,223
Cash Equivalents	-18.0%	509	621	1,041	787	823	724	424	577	608	645	655	662	608	292	326	180	202	185	97.00	130	959
Net PPE	6.0%	1,732	1,634	1,160	1,074	1,016	977	954	932	930	891	892	898	909	10,084	10,961	11,082	11,193	12,157	15,097	15,251	15,456
Liabilities	0.0%	2,324	2,325	2,285	1,822	1,599	1,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Liabilities	2.2%	761	744	723	659	592	504	519	547	523	422	427	397	391	467	427	388	3,068	885	831	860	1,899
Long Term Debt	0.1%	1,080	1,079	1,079	682	543	542	542	546	546	545	545	545	-	-	-	-	4,092	6,149	5,924	6,042	6,020
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,518	225	125	126	1,125
LT Debt, Non Current	-100.0%	-	1,079	1,079	682	543	542	542	546	546	545	545	545	-	-	-	-	4,092	6,149	5,924	6,042	6,020
Shareholder's Equity	2.1%	2,030	1,988	1,184	1.00	207	1,290	16.00	1,090	16.00	3.00	1,037	1,079	1,096	8,644	83.00	4,519	5,190	6,298	83.00	19.00	1,085
Retained Earnings	2.5%	1,051	1,026	190	177	207	160	114	40.00	-71.60	-16.40	-60.70	-6.20	-	-5,093	-4,183	-4,112	-3,442	-2,334	672	888	1,085
Additional Paid-In Capital	0.7%	1,128	1,120	1,112	1,110	1,104	1,098	1,092	1,090	1,086	1,083	1,080	1,079	1,079	8,644	8,640	8,637	8,640	8,635	8,628	8,618	8,608
Accumulated Depreciation	10.4%	282	255	228	202	181	157	134	111	89.00	66.00	41.00	17.00	-	2,042	2,249	2,133	2,028	2,305	3,297	3,142	3,017
Shares Outstanding	0%	72.00	72.00	73.00	74.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	-	-	-	-	-	-	-	-	-
Minority Interest	0%	9.00	9.00	16.00	12.00	10.00	8.00	6.00	3.00	2.00	3.00	3.00	1.00	-1.10	-1.90	-4.30	-6.10	-5.00	-2.70	-1.30	-0.90	2.00
Float	-	-	-	-	4,100	-	-	-	2,800	-	-	-	1,900	-	-	-	-	105	-	-	-	21.00

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Cashflow From Operations	-72.8%	26,300	96,700	48,200	-29,100	151,700	154,700	86,300	-114,800	800	-7,300	6,900	-25,900	-39,900	-31,700	144,700	-15,300	-176,700	-204,400	150,600	-134,100	-269,000
Share Based Compensation	2.6%	8,000	7,800	6,800	7,000	5,700	5,900	4,600	3,500	3,400	2,700	1,600	-	4,800	3,800	3,600	4,300	5,700	7,800	8,600	9,500	13,900
Cashflow From Investing	67.2%	-151,300	-461,900	-105,700	-42,000	-56,200	169,600	-233,200	84,100	-37,200	-2,900	-14,300	-7,900	21,400	-2,300	-3,300	14,600	-27,400	-25,900	-40,000	96,000	940,300
Cashflow From Financing	97.2%	-1,600	-56,400	309,500	32,400	-	-	-6,200	-200	-	-	-	-	388,700	-	3,800	-21,000	221,100	318,300	-143,200	-791,200	-10,600
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	51,200	83,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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VAL Income Statement

2024-03-31

Condensed Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
OPERATING REVENUES	$ 525.0	$ 430.1
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	444.8	377.2
Depreciation	26.8	23.3
General and administrative	26.5	24.4
Total operating expenses	498.1	424.9
Equity in earnings of ARO	(2.4)	(3.3)
OPERATING INCOME	29.3	8.5
OTHER INCOME (EXPENSE)
Interest income	21.0	23.0
Interest expense, net	(17.7)	(11.1)
Other, net	5.8	0.6
OTHER INCOME (EXPENSE), NET	9.1	12.5
INCOME BEFORE INCOME TAXES	38.4	21.0
PROVISION (BENEFIT) FOR INCOME TAXES
Current income tax expense (benefit)	10.9	(32.2)
Deferred income tax expense	2.0	4.6
Total provision for income taxes	12.9	(27.6)
Net income	25.5	48.6
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0.0	(1.9)
NET INCOME ATTRIBUTABLE TO VALARIS	$ 25.5	$ 46.7
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.35	$ 0.62
Diluted (in dollars per share)	$ 0.35	$ 0.61
WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic (in shares)	72.4	75.2
Diluted (in shares)	73.6	76.4

VAL Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 494.1	$ 620.5
Restricted Cash	15.0	15.2
Accounts receivable, net	510.9	459.3
Other current assets	177.6	177.2
Total current assets	1,197.6	1,272.2
PROPERTY AND EQUIPMENT, AT COST	2,014.0	1,889.0
Less accumulated depreciation	281.7	255.2
Property, Plant and Equipment, Net, Total	1,732.3	1,633.8
LONG-TERM NOTES RECEIVABLE FROM ARO	289.3	282.3
INVESTMENT IN ARO	126.8	124.4
DEFERRED TAX ASSETS	854.8	855.1
OTHER ASSETS	153.6	154.4
Total assets	4,354.4	4,322.2
CURRENT LIABILITIES
Accounts payable - trade	394.2	400.1
Accrued liabilities and other	366.5	344.2
Total current liabilities	760.7	744.3
LONG-TERM DEBT	1,080.1	1,079.3
Deferred Income Tax Liabilities, Net	31.6	29.9
OTHER LIABILITIES	451.7	471.7
Total liabilities	2,324.1	2,325.2
COMMITMENTS AND CONTINGENCIES
VALARIS SHAREHOLDERS' EQUITY
Common shares, $0.01 par value, 700.0 shares authorized, 75.4 shares issued, 72.4 shares outstanding as of March 31, 2024 and December 31, 2023	0.8	0.8
Preference shares, $0.01 par value, 150.0 shares authorized, no shares issued as of March 31, 2024 and December 31, 2023	0.0	0.0
Stock warrants	16.4	16.4
Additional paid-in capital	1,127.7	1,119.8
Retained earnings	1,051.0	1,025.5
Accumulated other comprehensive income	25.1	25.2
Treasury shares, at cost, 3.0 shares as of March 31, 2024 and December 31, 2023	(200.1)	(200.1)
Total Valaris shareholders' equity	2,020.9	1,987.6
NONCONTROLLING INTERESTS	9.4	9.4
Total equity	2,030.3	1,997.0
Total liabilities and shareholders' equity	$ 4,354.4	$ 4,322.2

About Valaris plc

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, South America, the North Sea, the Middle East, Africa, and Asia Pacific. Valaris Limited was founded in 1975 and is based in Hamilton, Bermuda.

CEO	Mr. Anton Dibowitz
WEBSITE	valaris.com
INDUSTRY	Oil - Services
EMPLOYEES	3933

Valaris plc Frequently Asked Questions

What is the ticker symbol for Valaris plc? What does VAL stand for in stocks?

VAL is the stock ticker symbol of Valaris plc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Valaris plc (VAL)?

As of Wed May 08 2024, market cap of Valaris plc is 5.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VAL stock?

You can check VAL's fair value in chart for subscribers.

What is the fair value of VAL stock?

You can check VAL's fair value in chart for subscribers. The fair value of Valaris plc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Valaris plc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VAL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Valaris plc a good stock to buy?

The fair value guage provides a quick view whether VAL is over valued or under valued. Whether Valaris plc is cheap or expensive depends on the assumptions which impact Valaris plc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VAL.

What is Valaris plc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, VAL's PE ratio (Price to Earnings) is 6.2 and Price to Sales (PS) ratio is 2.84. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VAL PE ratio will change depending on the future growth rate expectations of investors.