Intrinsic value of Transocean - RIG

Previous Close

$8.20

  Intrinsic Value

$10.17

stock screener

  Rating & Target

buy

+24%

  Value-price divergence*

-45%

Previous close

$8.20

 
Intrinsic value

$10.17

 
Up/down potential

+24%

 
Rating

buy

 
Value-price divergence*

-45%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of RIG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -43.66
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  4,161
  4,244
  4,342
  4,453
  4,579
  4,718
  4,870
  5,036
  5,215
  5,409
  5,616
  5,838
  6,075
  6,327
  6,596
  6,880
  7,182
  7,501
  7,838
  8,195
  8,571
  8,969
  9,388
  9,829
  10,295
  10,785
  11,301
  11,844
  12,416
  13,017
  13,649
Variable operating expenses, $m
 
  3,451
  3,530
  3,621
  3,722
  3,835
  3,959
  4,094
  4,240
  4,397
  4,566
  4,746
  4,939
  5,144
  5,362
  5,594
  5,839
  6,098
  6,373
  6,662
  6,969
  7,292
  7,632
  7,991
  8,370
  8,768
  9,188
  9,629
  10,094
  10,583
  11,097
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,029
  3,451
  3,530
  3,621
  3,722
  3,835
  3,959
  4,094
  4,240
  4,397
  4,566
  4,746
  4,939
  5,144
  5,362
  5,594
  5,839
  6,098
  6,373
  6,662
  6,969
  7,292
  7,632
  7,991
  8,370
  8,768
  9,188
  9,629
  10,094
  10,583
  11,097
Operating income, $m
  1,132
  794
  812
  833
  856
  882
  911
  942
  975
  1,011
  1,050
  1,092
  1,136
  1,183
  1,233
  1,287
  1,343
  1,403
  1,466
  1,532
  1,603
  1,677
  1,756
  1,838
  1,925
  2,017
  2,113
  2,215
  2,322
  2,434
  2,552
EBITDA, $m
  2,025
  2,954
  3,022
  3,100
  3,187
  3,283
  3,389
  3,505
  3,630
  3,764
  3,909
  4,063
  4,228
  4,404
  4,591
  4,789
  4,998
  5,221
  5,455
  5,704
  5,966
  6,242
  6,534
  6,841
  7,165
  7,506
  7,865
  8,243
  8,641
  9,060
  9,500
Interest expense (income), $m
  351
  259
  268
  277
  287
  298
  311
  324
  339
  356
  373
  392
  412
  434
  457
  481
  507
  534
  563
  593
  626
  660
  696
  734
  774
  816
  861
  907
  957
  1,008
  1,063
Earnings before tax, $m
  934
  535
  544
  556
  570
  584
  600
  617
  636
  656
  677
  700
  724
  750
  777
  806
  836
  869
  903
  939
  977
  1,017
  1,060
  1,104
  1,151
  1,201
  1,253
  1,307
  1,365
  1,426
  1,490
Tax expense, $m
  107
  144
  147
  150
  154
  158
  162
  167
  172
  177
  183
  189
  195
  202
  210
  218
  226
  235
  244
  254
  264
  275
  286
  298
  311
  324
  338
  353
  369
  385
  402
Net income, $m
  778
  390
  397
  406
  416
  426
  438
  451
  464
  479
  494
  511
  528
  547
  567
  588
  611
  634
  659
  685
  713
  743
  773
  806
  840
  876
  914
  954
  997
  1,041
  1,087

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  3,052
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  26,889
  24,533
  25,097
  25,742
  26,466
  27,269
  28,149
  29,108
  30,146
  31,264
  32,463
  33,747
  35,117
  36,575
  38,125
  39,769
  41,512
  43,357
  45,308
  47,369
  49,546
  51,842
  54,264
  56,817
  59,507
  62,340
  65,323
  68,462
  71,766
  75,242
  78,897
Adjusted assets (=assets-cash), $m
  23,837
  24,533
  25,097
  25,742
  26,466
  27,269
  28,149
  29,108
  30,146
  31,264
  32,463
  33,747
  35,117
  36,575
  38,125
  39,769
  41,512
  43,357
  45,308
  47,369
  49,546
  51,842
  54,264
  56,817
  59,507
  62,340
  65,323
  68,462
  71,766
  75,242
  78,897
Revenue / Adjusted assets
  0.175
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
Average production assets, $m
  20,951
  21,603
  22,100
  22,668
  23,306
  24,012
  24,787
  25,632
  26,545
  27,530
  28,586
  29,717
  30,923
  32,207
  33,572
  35,020
  36,554
  38,179
  39,897
  41,712
  43,629
  45,651
  47,784
  50,032
  52,400
  54,895
  57,521
  60,286
  63,195
  66,256
  69,475
Working capital, $m
  3,113
  887
  907
  931
  957
  986
  1,018
  1,052
  1,090
  1,130
  1,174
  1,220
  1,270
  1,322
  1,378
  1,438
  1,501
  1,568
  1,638
  1,713
  1,791
  1,874
  1,962
  2,054
  2,152
  2,254
  2,362
  2,475
  2,595
  2,721
  2,853
Total debt, $m
  8,464
  7,650
  7,903
  8,192
  8,516
  8,875
  9,270
  9,699
  10,164
  10,665
  11,203
  11,778
  12,391
  13,045
  13,739
  14,476
  15,256
  16,083
  16,957
  17,880
  18,856
  19,884
  20,969
  22,113
  23,318
  24,587
  25,924
  27,330
  28,810
  30,367
  32,005
Total liabilities, $m
  11,087
  10,991
  11,244
  11,533
  11,857
  12,216
  12,611
  13,040
  13,505
  14,006
  14,544
  15,119
  15,732
  16,386
  17,080
  17,817
  18,597
  19,424
  20,298
  21,221
  22,197
  23,225
  24,310
  25,454
  26,659
  27,928
  29,265
  30,671
  32,151
  33,708
  35,346
Total equity, $m
  15,802
  13,542
  13,854
  14,210
  14,609
  15,052
  15,538
  16,068
  16,640
  17,258
  17,920
  18,628
  19,384
  20,189
  21,045
  21,953
  22,915
  23,933
  25,010
  26,148
  27,349
  28,617
  29,954
  31,363
  32,848
  34,412
  36,058
  37,791
  39,615
  41,533
  43,551
Total liabilities and equity, $m
  26,889
  24,533
  25,098
  25,743
  26,466
  27,268
  28,149
  29,108
  30,145
  31,264
  32,464
  33,747
  35,116
  36,575
  38,125
  39,770
  41,512
  43,357
  45,308
  47,369
  49,546
  51,842
  54,264
  56,817
  59,507
  62,340
  65,323
  68,462
  71,766
  75,241
  78,897
Debt-to-equity ratio
  0.536
  0.560
  0.570
  0.580
  0.580
  0.590
  0.600
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.650
  0.650
  0.660
  0.670
  0.670
  0.680
  0.680
  0.690
  0.690
  0.700
  0.710
  0.710
  0.710
  0.720
  0.720
  0.730
  0.730
  0.730
Adjusted equity ratio
  0.535
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  778
  390
  397
  406
  416
  426
  438
  451
  464
  479
  494
  511
  528
  547
  567
  588
  611
  634
  659
  685
  713
  743
  773
  806
  840
  876
  914
  954
  997
  1,041
  1,087
Depreciation, amort., depletion, $m
  893
  2,160
  2,210
  2,267
  2,331
  2,401
  2,479
  2,563
  2,655
  2,753
  2,859
  2,972
  3,092
  3,221
  3,357
  3,502
  3,655
  3,818
  3,990
  4,171
  4,363
  4,565
  4,778
  5,003
  5,240
  5,489
  5,752
  6,029
  6,319
  6,626
  6,947
Funds from operations, $m
  1,889
  2,551
  2,607
  2,673
  2,746
  2,828
  2,917
  3,014
  3,119
  3,232
  3,353
  3,482
  3,621
  3,768
  3,924
  4,090
  4,266
  4,452
  4,649
  4,857
  5,076
  5,308
  5,552
  5,809
  6,080
  6,366
  6,667
  6,983
  7,316
  7,666
  8,035
Change in working capital, $m
  -22
  17
  20
  23
  26
  29
  32
  35
  38
  40
  43
  46
  50
  53
  56
  59
  63
  67
  71
  75
  79
  83
  88
  92
  97
  102
  108
  114
  119
  126
  132
Cash from operations, $m
  1,911
  2,173
  2,587
  2,649
  2,720
  2,799
  2,885
  2,979
  3,081
  3,191
  3,309
  3,436
  3,571
  3,715
  3,868
  4,031
  4,203
  4,385
  4,578
  4,782
  4,997
  5,225
  5,464
  5,717
  5,983
  6,264
  6,559
  6,870
  7,197
  7,541
  7,903
Maintenance CAPEX, $m
  0
  -2,118
  -2,160
  -2,210
  -2,267
  -2,331
  -2,401
  -2,479
  -2,563
  -2,655
  -2,753
  -2,859
  -2,972
  -3,092
  -3,221
  -3,357
  -3,502
  -3,655
  -3,818
  -3,990
  -4,171
  -4,363
  -4,565
  -4,778
  -5,003
  -5,240
  -5,489
  -5,752
  -6,029
  -6,319
  -6,626
New CAPEX, $m
  -1,344
  -425
  -497
  -568
  -638
  -707
  -775
  -844
  -914
  -984
  -1,057
  -1,130
  -1,206
  -1,284
  -1,365
  -1,448
  -1,535
  -1,625
  -1,718
  -1,815
  -1,917
  -2,022
  -2,133
  -2,248
  -2,369
  -2,495
  -2,627
  -2,765
  -2,909
  -3,061
  -3,219
Cash from investing activities, $m
  -1,313
  -2,543
  -2,657
  -2,778
  -2,905
  -3,038
  -3,176
  -3,323
  -3,477
  -3,639
  -3,810
  -3,989
  -4,178
  -4,376
  -4,586
  -4,805
  -5,037
  -5,280
  -5,536
  -5,805
  -6,088
  -6,385
  -6,698
  -7,026
  -7,372
  -7,735
  -8,116
  -8,517
  -8,938
  -9,380
  -9,845
Free cash flow, $m
  598
  -370
  -70
  -128
  -184
  -239
  -292
  -344
  -396
  -448
  -500
  -553
  -607
  -661
  -717
  -775
  -834
  -895
  -958
  -1,023
  -1,090
  -1,161
  -1,234
  -1,309
  -1,389
  -1,471
  -1,557
  -1,647
  -1,741
  -1,839
  -1,942
Issuance/(repayment) of debt, $m
  145
  253
  253
  289
  324
  359
  394
  429
  465
  501
  538
  575
  614
  653
  694
  737
  781
  826
  874
  924
  975
  1,029
  1,085
  1,144
  1,205
  1,269
  1,336
  1,407
  1,480
  1,557
  1,638
Issuance/(repurchase) of shares, $m
  0
  0
  129
  196
  260
  322
  383
  444
  504
  564
  625
  686
  749
  813
  878
  946
  1,015
  1,087
  1,160
  1,237
  1,317
  1,399
  1,485
  1,575
  1,668
  1,766
  1,867
  1,974
  2,085
  2,201
  2,322
Cash from financing (excl. dividends), $m  
  115
  253
  382
  485
  584
  681
  777
  873
  969
  1,065
  1,163
  1,261
  1,363
  1,466
  1,572
  1,683
  1,796
  1,913
  2,034
  2,161
  2,292
  2,428
  2,570
  2,719
  2,873
  3,035
  3,203
  3,381
  3,565
  3,758
  3,960
Total cash flow (excl. dividends), $m
  713
  -117
  182
  160
  140
  121
  103
  86
  69
  53
  37
  22
  7
  -8
  -23
  -38
  -53
  -68
  -84
  -99
  -115
  -132
  -148
  -166
  -184
  -202
  -221
  -241
  -261
  -282
  -304
Retained Cash Flow (-), $m
  -1,112
  -290
  -311
  -356
  -400
  -443
  -486
  -529
  -573
  -617
  -662
  -709
  -756
  -805
  -856
  -908
  -962
  -1,018
  -1,077
  -1,138
  -1,201
  -1,268
  -1,337
  -1,409
  -1,485
  -1,564
  -1,646
  -1,733
  -1,824
  -1,919
  -2,018
Prev. year cash balance distribution, $m
 
  1,246
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  839
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  5.70
  5.99
  6.28
  6.60
  6.93
  7.27
  7.64
  8.02
  8.42
  8.84
  9.28
  9.75
  10.24
  10.75
  11.29
  11.85
  12.44
  13.06
  13.72
  14.40
  15.12
  15.88
  16.67
  17.51
  18.38
  19.30
  20.27
  21.28
  22.34
  23.46
PV of cash for distribution, $m
 
  794
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  98.7
  96.7
  94.2
  91.4
  88.2
  84.7
  81.1
  77.3
  73.5
  69.7
  65.9
  62.2
  58.6
  55.0
  51.6
  48.3
  45.2
  42.2
  39.4
  36.7
  34.2
  31.8
  29.5
  27.4
  25.5
  23.6
  21.9
  20.3
  18.8

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 11, 2016, it owned or had partial ownership interests in, and operated 61 mobile offshore drilling units that consist of 28 ultra-deepwater floaters, 7 harsh environment floaters, 5 deepwater floaters, 11 midwater floaters, and 10 high-specification jackups. The company serves government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Vernier, Switzerland.

FINANCIAL RATIOS  of  Transocean (RIG)

Valuation Ratios
P/E Ratio 4.1
Price to Sales 0.8
Price to Book 0.2
Price to Tangible Book
Price to Cash Flow 1.7
Price to Free Cash Flow 5.6
Growth Rates
Sales Growth Rate -43.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -32.8%
Cap. Spend. - 3 Yr. Gr. Rate -9.7%
Financial Strength
Quick Ratio 4
Current Ratio 0.3
LT Debt to Equity 49%
Total Debt to Equity 53.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.1%
Ret/ On Assets - 3 Yr. Avg. 1.4%
Return On Total Capital 3.3%
Ret/ On T. Cap. - 3 Yr. Avg. -0.1%
Return On Equity 5.1%
Return On Equity - 3 Yr. Avg. -0.3%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 54.9%
Gross Margin - 3 Yr. Avg. 53.1%
EBITDA Margin 52.3%
EBITDA Margin - 3 Yr. Avg. 27.7%
Operating Margin 27.2%
Oper. Margin - 3 Yr. Avg. 10.3%
Pre-Tax Margin 22.4%
Pre-Tax Margin - 3 Yr. Avg. 5.6%
Net Profit Margin 18.7%
Net Profit Margin - 3 Yr. Avg. 3.5%
Effective Tax Rate 11.5%
Eff/ Tax Rate - 3 Yr. Avg. 6%
Payout Ratio 0%

RIG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RIG stock intrinsic value calculation we used $4161 million for the last fiscal year's total revenue generated by Transocean. The default revenue input number comes from 2016 income statement of Transocean. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RIG stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.7%, whose default value for RIG is calculated based on our internal credit rating of Transocean, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Transocean.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RIG stock the variable cost ratio is equal to 81.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for RIG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Transocean.

Corporate tax rate of 27% is the nominal tax rate for Transocean. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RIG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RIG are equal to 509%.

Life of production assets of 10 years is the average useful life of capital assets used in Transocean operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RIG is equal to 20.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $14498 million for Transocean - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 356.584 million for Transocean is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Transocean at the current share price and the inputted number of shares is $2.9 billion.

RELATED COMPANIES Price Int.Val. Rating
ATW Atwood Oceanic 8.43 10.25  hold
RDC Rowan Cos. 10.56 10.31  sell
ESV ENSCO 5.37 5.69  sell
DO Diamond Offsho 10.74 7.05  str.sell
SDRL SeaDrill 0.360 14.63  str.buy
PACD Pacific Drilli 1.65 33.33  str.buy

COMPANY NEWS

▶ Not All Energy Stocks Fall in Conjunction With Oil Prices   [Jun-28-17 02:48PM  InvestorPlace]
▶ Susquehanna Revises Target Prices of Offshore Drillers   [Jun-27-17 10:36AM  Market Realist]
▶ Should you buy these Dow dog stocks?   [Jun-23-17 01:34PM  CNBC Videos]
▶ Will the US Crude Oil Rig Count Pressure Oil Prices?   [Jun-19-17 01:37PM  Market Realist]
▶ Transocean Ltd. Announces Cash Tender Offers   [08:23AM  GlobeNewswire]
▶ The Rise and Fall of Seadrill   [Jun-12-17 02:01PM  Investopedia]
▶ An Overview of Deepwater Drillers   [01:53PM  Investopedia]
▶ 3 Energy Stocks for Savvy Investors   [12:05PM  Motley Fool]
▶ Will President Trump Boost the US Crude Oil Rig Count?   [Jun-05-17 09:01AM  Market Realist]
▶ 3 Fire-Sale Stocks: Will They Bounce Back or Burn You?   [Jun-04-17 09:20AM  Motley Fool]
▶ Analyzing Rowan Companies and Transoceans Target Prices   [Jun-01-17 09:08AM  Market Realist]
▶ Transocean Ltd. Sells Jackup Fleet to Borr Drilling   [May-31-17 04:17PM  GlobeNewswire]
▶ Transocean: Not Out of the Woods?   [May-26-17 03:57PM  Barrons.com]
▶ These Stocks Have Lost 30% So Far in 2017   [12:06PM  Motley Fool]
▶ Transocean: It Still Stinks to Be an Oil Stock   [May-25-17 04:06PM  Barrons.com]
▶ US Natural Gas Rig Count Hit December 2016 High   [May-12-17 04:05PM  Market Realist]
▶ Digging into Noble Corporations 1Q17 Results   [12:00PM  Market Realist]
▶ Behind Rowans Financial Health after 1Q17   [07:36AM  Market Realist]
▶ Why Oil Prices Could Double to $90   [06:00AM  Investopedia]
▶ ETFs with exposure to Transocean Ltd. : May 9, 2017   [May-09-17 04:59PM  Capital Cube]
▶ The Hot Stock: Transocean Jumps 8.1%   [May-05-17 05:39PM  Barrons.com]
▶ Transocean: It Stinks to Be an Oil Stock?   [12:46PM  Barrons.com]
▶ Transocean: Come OnThese Earnings are Really Good!   [May-04-17 10:59AM  Barrons.com]
▶ Transocean tops Street 1Q forecasts   [May-03-17 04:40PM  Associated Press]
▶ What Analysts Project for Transoceans 1Q17 Earnings   [Apr-28-17 04:05PM  Market Realist]
▶ Transoceans Revenue Could Fall 35% in 1Q17   [02:35PM  Market Realist]
▶ What to Expect from Transoceans 1Q17 Results   [12:55PM  Market Realist]
▶ US Natural Gas Rig Count Hit a 16-Month High   [07:40AM  Market Realist]
▶ Transocean Ltd. Provides Quarterly Fleet Status Report   [Apr-24-17 05:23PM  GlobeNewswire]
▶ US Natural Gas Rig Count Hit December 2015 High   [Apr-21-17 10:04AM  Market Realist]
▶ US Natural Gas Rig Count Hit a 16-Month High   [Apr-17-17 10:24AM  Market Realist]
▶ When Offshore Drillers Foresee an Industry Recovery   [Apr-10-17 02:05PM  Market Realist]
▶ Behind Transoceans Stock Performance in 2017   [01:05PM  Market Realist]
▶ US Natural Gas Rig Count at Its Highest since December 2015   [Apr-07-17 10:29AM  Market Realist]
▶ [$$] Seadrill: burning platform   [Apr-04-17 01:08PM  Financial Times]
▶ 3 Lowest P/E Stocks Today   [Apr-03-17 11:11AM  Motley Fool]
▶ Transocean Has the Highest Backlog among Its Peers   [Mar-31-17 03:35PM  Market Realist]
▶ Stock Market News for March 29, 2017   [Mar-29-17 10:10AM  Investopedia]
Stock chart of RIG Financial statements of RIG Annual reports of RIG
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.