Noram Drilling As Stock Net Asset
| NORAM Stock | 35.20 0.90 2.49% |
NorAm Drilling AS fundamentals help investors to digest information that contributes to NorAm Drilling's financial success or failures. It also enables traders to predict the movement of NorAm Stock. The fundamental analysis module provides a way to measure NorAm Drilling's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NorAm Drilling stock.
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NorAm Drilling AS Company Net Asset Analysis
NorAm Drilling's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current NorAm Drilling Net Asset | 122.07 M |
Most of NorAm Drilling's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NorAm Drilling AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, NorAm Drilling AS has a Net Asset of 122.07 M. This is much higher than that of the Energy sector and significantly higher than that of the Oil & Gas Equipment & Services industry. The net asset for all Norway stocks is notably lower than that of the firm.
NorAm Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NorAm Drilling's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NorAm Drilling could also be used in its relative valuation, which is a method of valuing NorAm Drilling by comparing valuation metrics of similar companies.NorAm Drilling is currently under evaluation in net asset category among its peers.
NorAm Fundamentals
| Return On Equity | -0.36 | |||
| Return On Asset | -0.0141 | |||
| Profit Margin | (0.15) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 3.11 B | |||
| Shares Outstanding | 43.14 M | |||
| Shares Owned By Institutions | 4.10 % | |||
| Price To Book | 9.33 X | |||
| Price To Sales | 29.49 X | |||
| Revenue | 50.38 M | |||
| Gross Profit | 33.99 M | |||
| EBITDA | 15.9 M | |||
| Net Income | (19.53 M) | |||
| Cash And Equivalents | 12.78 M | |||
| Total Debt | 80 M | |||
| Book Value Per Share | 1.17 X | |||
| Cash Flow From Operations | (1.96 M) | |||
| Target Price | 69.03 | |||
| Number Of Employees | 243 | |||
| Beta | -0.31 | |||
| Market Capitalization | 2.73 B | |||
| Total Asset | 122.07 M | |||
| Z Score | 20.4 | |||
| Annual Yield | 0.18 % | |||
| Net Asset | 122.07 M |
About NorAm Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NorAm Drilling AS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NorAm Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NorAm Drilling AS based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.