Borr Drilling LimitedBORR

$4.22-0.05 (-1.17%)
NYSEEnergy24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
+52%
2019 — today
10-Year Price
-73%
2019 — today
52-Week Range
$1.83$6.61
Current $4.22· 50%

Borr Drilling Limited operates globally as a specialized offshore drilling contractor, serving the needs of the oil and gas sector. The company's core business involves the acquisition, leasing, and operation of jack-up rigs, which are primarily deployed for projects in shallow-water regions. Beyond the rigs themselves, Borr Drilling also furnishes all essential supporting equipment and skilled personnel required for executing oil and gas drilling and workover tasks throughout the exploration and production stages. Its client base is varied, encompassing major integrated oil corporations, government-owned national oil enterprises, and independent oil and gas companies. As of December 31, 2021, the company oversaw an active fleet of 23 jack-up drilling units. Established in 2016, the entity was initially named Magni Drilling Limited before adopting its current designation, Borr Drilling Limited, in December of the same year. The corporate headquarters for Borr Drilling Limited are situated in Hamilton, Bermuda.

Valuation in context

P/E ratio
32.2
Historically pricey
Historically pricey — last 10 years
P/B ratio
1.1
Above average
Pricier than usual over the last 10 years
EV / EBITDA
7.4
Below average
Below the 10-year average
FCF Yield
-9.3%
Above average
Above the 10-year average
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