Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
NorAm Drilling AS is an energy sector company specializing in land-based oil and gas drilling services, primarily serving the North American market. The company owns and operates a modern fleet of drilling rigs, including Ideal, IDE Sparta, and SuperTech models, which are tailored for high-performance drilling operations, particularly in horizontal wells. NorAm Drilling AS supports exploration and production companies by delivering reliable, technologically advanced solutions that enhance drilling efficiency and optimize hydrocarbon recovery. The company is recognized for its commitment to safety, operational excellence, and sustainability, playing a vital role in the upstream segment of the energy industry. NorAm Drilling AS serves both independent and multinational oil and gas clients, contributing to the development of critical energy resources. Headquartered in Oslo, Norway, and founded in 2007, the company is a key player in the oil and gas equipment and services sector, impacting the global energy supply chain.
NOK 3.34
NOK 0.06 (-1.62%)
EOD Jul 1, 2026
13.67% operating margin is respectable but not wide. ROIC at 28.66%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 16.8% YoY with margins expanding 9.5pp.
Even for strong businesses, today's 1x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
1.2x earnings, 1.2x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$102M
▲ +16.8% YoY
Net Income (TTM)
$12M
▲ +682.3% YoY
Op. Margin
11.42%
▲ +9.5pp YoY
ROIC
28.66%
▲ +25.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$12M
▲ +34.4% YoY
Op. Cash Flow (TTM)
$14M
▲ +21.6% YoY
Net Debt
-$10M
Net Cash Position
Cash & Equiv.
$10M
3Y CAGR: +1.9%
3Y CAGR: +17.3%
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At a P/E of 1.2 and a price-to-free-cash-flow of 1.2, NorAm Drilling AS (NORAM.XOSL) trades below a two-stage DCF intrinsic value of about $5.21 per share, so at $3.34 the stock looks undervalued (55.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NorAm Drilling AS scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 117.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $5.21 per share for NORAM.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $3.90. At today's $3.34, that puts the stock about 55.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
NorAm Drilling AS scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 11.4% operating margin and a 28.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, NorAm Drilling AS pays a regular dividend of about $0.40 per share per year (typically in quarterly installments), a yield of roughly 117.9% at the current price. That is a payout ratio of about 140.6% of earnings, so the dividend is stretched at this level. NorAm Drilling AS has grown the dividend at roughly 61.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NORAM.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. NORAM.XOSL currently trades below its estimated intrinsic value and scores 60/100 on quality (solid). It also yields about 117.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.