BORR Stock Analysis: Borr Drilling | NYSE
Oil & Gas Drilling | NYSE, USA | Market Cap: 1.357m USD | 12M Return: 30.1% | BMG1466R1732 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 43.3M
Qual. Beats: -2
Rev. Trend: 86.5%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Borr Drilling Limited is an offshore shallow-water drilling contractor that owns, contracts, and operates jack-up rigs for the global oil and gas industry. The company provides related equipment and work crews to perform drilling and workover operations on behalf of exploration and production customers. Jack-up rigs are mobile platforms with retractable legs that anchor to the seabed, typically used in water depths of up to several hundred feet, and offshore drilling contractors generally earn revenue on a day-rate basis from leasing rigs to operators.
The company serves integrated oil companies, state-owned national oil companies, and independent oil and gas producers across the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. Borr Drilling was incorporated in 2016, originally as Magni Drilling Limited, and adopted its current name in December 2016. It is headquartered in Hamilton, Bermuda, a common domicile for offshore drilling companies due to favorable maritime and tax considerations.
- Jack-up rig day rates rise on tightening offshore market
- Contract backlog growth drives revenue visibility
- Debt refinancing and fleet renewal shape capital allocation
| Net Income: -240.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 3.12 > 1.0 |
| NWC/Revenue: 32.84% < 20% (prev 10.23%; Δ 22.61% < -1%) |
| CFO/TA 0.04 > 3% & CFO 133.6m > Net Income -240.6m |
| Net Debt (2.26b) to EBITDA (364.5m): 6.20 < 3 |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (307.4m) vs 12m ago 12.24% < -2% |
| Gross Margin: 30.47% > 18% (prev 85.83%; Δ -55.37% > 0.5%) |
| Asset Turnover: 28.83% > 50% (prev 29.51%; Δ -0.68% > 0%) |
| Interest Coverage Ratio: 0.49 > 6 (EBIT TTM 203.1m / Interest Expense TTM 410.7m) |
| A: 0.09 (Total Current Assets 569.3m - Total Current Liabilities 235.7m) / Total Assets 3.70b |
| B: -0.41 (Retained Earnings -1.50b / Total Assets 3.70b) |
| C: 0.06 (EBIT TTM 203.1m / Avg Total Assets 3.52b) |
| D: 0.35 (Book Value of Equity 961.6m / Total Liabilities 2.73b) |
| Altman-Z'' = 0.02 = B |
| DSRI: 0.92 (Receivables 304.6m/323.2m, Revenue 1.02b/989.0m) |
| GMI: 2.82 (GM 85.83% / 30.47%) |
| AQI: 0.91 (AQ_t 0.02 / AQ_t-1 0.03) |
| SGI: 1.03 (Revenue 1.02b / 989.0m) |
| TATA: -0.10 (NI -240.6m - CFO 133.6m) / TA 3.70b) |
| Beneish M = -1.49 (Cap -4..+1) = D |
As of November 02, 2026, the stock is trading at USD 4.02 with a total of 7,701,158 shares traded. Over the past week, the price has changed by -8.64%, over one month by +2.81%, over three months by +0.75% and over the past year by +30.10%.
Current recommended Stop Loss: 3.60 (which is 10.4% or 1.4 ATR below the current price).
Borr Drilling has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold BORR.
- StrongBuy: 2
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 4.9 | 21.4% |
P/E Forward = 28.169
P/S = 1.3363
P/B = 0.7915
Revenue TTM = 1.02b USD
EBIT TTM = 203.1m USD
EBITDA TTM = 364.5m USD
Long Term Debt = 2.49b USD (from longTermDebt, last quarter)
Short Term Debt = 129.3m USD (from shortTermDebt, last fiscal year)
Debt = 2.49b USD (from shortLongTermDebtTotal, last quarter) + Leases 200k
Net Debt = 2.26b USD (calculated: Debt 2.49b - CCE 224.6m)
Enterprise Value = 3.62b USD (1.36b + Debt 2.49b - CCE 224.6m)
Interest Coverage Ratio = 0.49 (Ebit TTM 203.1m / Interest Expense TTM 410.7m)
EV/FCF = -24.71x (Enterprise Value 3.62b / FCF TTM -146.4m)
FCF Yield = -4.05% (FCF TTM -146.4m / Enterprise Value 3.62b)
FCF Margin = -14.41% (FCF TTM -146.4m / Revenue TTM 1.02b)
Net Margin = -23.69% (Net Income TTM -240.6m / Revenue TTM 1.02b)
Gross Margin = 30.47% ((Revenue TTM 1.02b - Cost of Revenue TTM 706.3m) / Revenue TTM)
Gross Margin QoQ = 24.62% (prev 24.21%)
Tobins Q-Ratio = 0.98 (Enterprise Value 3.62b / Total Assets 3.70b)
Interest Expense / Debt = 16.52% (Interest Expense 410.7m / Debt 2.49b)
Taxrate = 47.61% (40.9m / 85.9m)
NOPAT = 106.4m (EBIT 203.1m * (1 - 47.61%))
Current Ratio = 2.42 (Total Current Assets 569.3m / Total Current Liabilities 235.7m)
Debt / Equity = 2.58 (Debt 2.49b / totalStockholderEquity, last quarter 961.6m)
Debt / EBITDA = 6.20 (Net Debt 2.26b / EBITDA 364.5m)
Debt / FCF = -15.44 (negative FCF - burning cash) (Net Debt 2.26b / FCF TTM -146.4m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = -6.83% (Net Income -240.6m / Total Assets 3.70b)
RoE = -21.28% (Net Income TTM -240.6m / Total Stockholder Equity 1.13b)
RoCE = 5.62% (EBIT 203.1m / Capital Employed (Equity 1.13b + L.T.Debt 2.49b))
RoIC = 3.01% (NOPAT 106.4m / Invested Capital 3.54b)
WACC = 9.25% (E(1.36b)/V(3.84b) * Re(10.35%) + D(2.49b)/V(3.84b) * Rd(16.52%) * (1-Tc(0.48)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.02 | Cagr: 8.36%
[DCF] Fair Price = unknown (Cash Flow -146.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.93 | # QB: -2
Revenue Correlation: 86.45 | Revenue CAGR: 13.25% | SUE: -1.21 | # QB: -1
EPS current Quarter (2026-09-30): EPS=-0.09 | Chg30d=-32.23% | Revisions=-40% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.75 | Chg30d=-1.59% | Revisions=-25% | GrowthEPS=-541.6% | GrowthRev=-3.2%
EPS next Year (2027-12-31): EPS=0.04 | Chg30d=-56.49% | Revisions=-57% | GrowthEPS=+104.7% | GrowthRev=+20.6%
[Analyst] Revisions Ratio: -70% (up=0, down=7)