Valuation: Global Rig Company ASA

Market Cap 1.93B 203M 176M 165M 151M 281M 19.41B 288M 1.93B 758M 9.71B 764M 747M 32.37B P/E 2026 *
11.7x
P/E 2027 * 8.18x
Enterprise Value 1.87B 197M 171M 160M 146M 273M 18.82B 279M 1.87B 735M 9.41B 740M 724M 31.38B 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%+1.53%+3.64%+50.63% 25.65B
+6.82%+7.74%+62.62%-16.43% 6.95B
+1.51%+0.78%-0.14%-25.40% 6.93B
+1.57%+12.82%+87.42%-31.16% 6.39B
+1.46%+12.99%+84.37%+18.99% 5.94B
+3.47%+3.59%+20.80% - 5.17B
+0.77%+2.34%-18.12%+9.17% 4.95B
+0.64%+7.69%+103.68%-26.32% 4.19B
+1.65%+24.59%+146.15%-0.44% 4.18B
Average +2.16%+18.83%+54.49%-2.62% 7.82B
Weighted average by Cap. +2.09%+14.84%+37.69%+13.12%

Financials

2026 *2027 *
Net sales 1.13B 119M 103M 96.29M 87.93M 164M 11.34B 168M 1.13B 443M 5.67B 446M 436M 18.91B 1.15B 121M 105M 97.91M 89.41M 167M 11.53B 171M 1.15B 450M 5.77B 454M 444M 19.22B
Net income 167M 17.56M 15.21M 14.23M 13M 24.28M 1.68B 24.86M 167M 65.42M 838M 65.94M 64.49M 2.79B 238M 25.08M 21.72M 20.32M 18.56M 34.67M 2.39B 35.5M 238M 93.4M 1.2B 94.15M 92.09M 3.99B
Net Debt -58.81M -6.2M -5.37M -5.02M -4.59M -8.57M -591M -8.77M -58.9M -23.09M -296M -23.27M -22.76M -986M -62.27M -6.56M -5.68M -5.32M -4.86M -9.07M -626M -9.29M -62.36M -24.45M -313M -24.64M -24.1M -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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