BORR Stock Analysis: Borr Drilling | NYSE
Oil & Gas Drilling | NYSE, USA | Market Cap: 1.269m USD | 12M Return: 82.3% | BMG1466R1732 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.4M
Qual. Beats: -2
Rev. Trend: 90.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 8.2 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 provides jack-up rigs, related equipment, and work crews to oil and gas exploration and production companies. The company operates across the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe, serving a customer base that includes integrated oil companies, state-owned national oil companies, and independent operators.
The company generates revenue primarily by contracting its jack-up rigs to exploration and production clients for drilling and workover programs. Jack-up rigs are mobile, self-elevating units that anchor to the seabed and are typically deployed in water depths of up to roughly 400-500 feet, making them well suited to the shallow-water basins where Borr operates.
Borr Drilling was incorporated in 2016 and is headquartered in Hamilton, Bermuda. It was originally formed as Magni Drilling Limited before adopting its current name in December 2016, and completed its NYSE listing in May 2018.
- Jackup rig day rates climb on tight shallow-water supply
- Backlog expands as offshore drilling demand recovers
- High debt load and refinancing terms pressure equity valuation
| Net Income: 35.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 3.51 > 1.0 |
| NWC/Revenue: 21.70% < 20% (prev 10.52%; Δ 11.18% < -1%) |
| CFO/TA 0.04 > 3% & CFO 161.3m > Net Income 35.9m |
| Net Debt (2.06b) to EBITDA (455.9m): 4.51 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (307.9m) vs 12m ago 26.52% < -2% |
| Gross Margin: 45.98% > 18% (prev 86.38%; Δ -40.40% > 0.5%) |
| Asset Turnover: 29.18% > 50% (prev 29.19%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: 1.30 > 6 (EBIT TTM 301.3m / Interest Expense TTM 232.6m) |
| A: 0.06 (Total Current Assets 640.2m - Total Current Liabilities 412.1m) / Total Assets 3.80b |
| B: -0.33 (Retained Earnings -1.26b / Total Assets 3.80b) |
| C: 0.08 (EBIT TTM 301.3m / Avg Total Assets 3.60b) |
| D: 0.46 (Book Value of Equity 1.20b / Total Liabilities 2.61b) |
| Altman-Z'' = 0.36 = B |
| DSRI: 1.17 (Receivables 355.8m/287.5m, Revenue 1.05b/993.2m) |
| GMI: 1.88 (GM 86.38% / 45.98%) |
| AQI: 1.10 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.06 (Revenue 1.05b / 993.2m) |
| TATA: -0.03 (NI 35.9m - CFO 161.3m) / TA 3.80b) |
| Beneish M = -1.99 (Cap -4..+1) = B |
As of August 15, 2026, the stock is trading at USD 4.43 with a total of 11,663,881 shares traded. Over the past week, the price has changed by +14.77%, over one month by +0.23%, over three months by -29.68% and over the past year by +82.30%.
Current recommended Stop Loss: 4.00 (which is 9.7% or 2 ATR below the current price).
Borr Drilling has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy BORR.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5 | 13.1% |
P/E Trailing = 29.3571
P/E Forward = 28.169
P/S = 1.2069
P/B = 1.0984
Revenue TTM = 1.05b USD
EBIT TTM = 301.3m USD
EBITDA TTM = 455.9m USD
Long Term Debt = 2.18b USD (from longTermDebt, last quarter)
Short Term Debt = 129.3m USD (from shortTermDebt, last quarter)
Debt = 2.31b USD (from shortLongTermDebtTotal, last quarter) + Leases 200k
Net Debt = 2.06b USD (calculated: Debt 2.31b - CCE 246.9m)
Enterprise Value = 3.33b USD (1.27b + Debt 2.31b - CCE 246.9m)
Interest Coverage Ratio = 1.30 (Ebit TTM 301.3m / Interest Expense TTM 232.6m)
EV/FCF = -27.50x (Enterprise Value 3.33b / FCF TTM -121.0m)
FCF Yield = -3.64% (FCF TTM -121.0m / Enterprise Value 3.33b)
FCF Margin = -11.51% (FCF TTM -121.0m / Revenue TTM 1.05b)
Net Margin = 3.42% (Net Income TTM 35.9m / Revenue TTM 1.05b)
Gross Margin = 45.98% ((Revenue TTM 1.05b - Cost of Revenue TTM 567.9m) / Revenue TTM)
Gross Margin QoQ = 24.21% (prev 31.42%)
Tobins Q-Ratio = 0.87 (Enterprise Value 3.33b / Total Assets 3.80b)
Interest Expense / Debt = 10.09% (Interest Expense 232.6m / Debt 2.31b)
Taxrate = 47.61% (40.9m / 85.9m)
NOPAT = 157.8m (EBIT 301.3m * (1 - 47.61%))
Current Ratio = 1.55 (Total Current Assets 640.2m / Total Current Liabilities 412.1m)
Debt / Equity = 1.93 (Debt 2.31b / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = 4.51 (Net Debt 2.06b / EBITDA 455.9m)
Debt / FCF = -17.01 (negative FCF - burning cash) (Net Debt 2.06b / FCF TTM -121.0m)
Total Stockholder Equity = 1.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.00% (Net Income 35.9m / Total Assets 3.80b)
RoE = 3.14% (Net Income TTM 35.9m / Total Stockholder Equity 1.14b)
RoCE = 9.08% (EBIT 301.3m / Capital Employed (Equity 1.14b + L.T.Debt 2.18b))
RoIC = 4.55% (NOPAT 157.8m / Invested Capital 3.47b)
WACC = 7.28% (E(1.27b)/V(3.57b) * Re(10.89%) + D(2.31b)/V(3.57b) * Rd(10.09%) * (1-Tc(0.48)))
Discount Rate = 10.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 43.37 | Cagr: 2.78%
[DCF] Fair Price = unknown (Cash Flow -121.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.93 | # QB: -2
Revenue Correlation: 90.09 | Revenue CAGR: 18.93% | SUE: -0.46 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.04 | Chg30d=N/A | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.20 | Chg30d=-25.09% | Revisions=-25% | GrowthEPS=-217.6% | GrowthRev=-2.8%
EPS next Year (2027-12-31): EPS=0.20 | Chg30d=-36.03% | Revisions=-40% | GrowthEPS=+201.1% | GrowthRev=+23.9%
[Analyst] Revisions Ratio: -38% (up=1, down=4)