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Valaris (VAL)

Valaris Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its through the following segments: Floaters, Jackups and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service. The Others segment consists of management services on rigs owned by third-parties. The company was founded on July 3, 1905 and is headquartered in London, the United Kingdom.

Company profile

Ticker
VAL, VAL-WT
Exchange
CEO
Thomas Burke
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ENERGY SERVICE COMPANY INC, ENSCO INTERNATIONAL INC, Ensco International plc, Ensco plc, Ensco Rowan plc, Valaris plc
SEC CIK
Subsidiaries
Alpha Achiever Company • Alpha Admiral Company • Alpha Archer Company • Alpha Aurora Company • Alpha International Drilling Company S.A.R.L. • Alpha Leasing Drilling Limited • Alpha Mako Company • Alpha Manta Company • Alpha Offshore Drilling (S) Pte. Ltd. • Alpha Offshore Drilling Services Company ...
IRS number
980635229

VAL stock data

Calendar

3 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 608.2M 608.2M 608.2M 608.2M 608.2M 608.2M
Cash burn (monthly) 12.13M 3.88M 16.63M 5.95M (no burn) (no burn)
Cash used (since last report) 34.88M 11.14M 47.81M 17.1M n/a n/a
Cash remaining 573.32M 597.06M 560.39M 591.1M n/a n/a
Runway (months of cash) 47.3 154.1 33.7 99.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 Anton Dibowitz Common Shares Payment of exercise Dispose F No No 51.58 1,050 54.16K 119,347
9 Jun 22 Deepak Munganahalli Common Shares Grant Acquire A No No 0 3,068 0 25,091
9 Jun 22 Fagerstal Dick Common Shares Grant Acquire A No No 0 3,068 0 25,091
9 Jun 22 James W Swent Iii Common Shares Grant Acquire A No No 0 3,068 0 25,091
9 Jun 22 Elizabeth Leykum Common Shares Grant Acquire A No No 0 4,383 0 32,336
76.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 148 111 +33.3%
Opened positions 49 36 +36.1%
Closed positions 12 17 -29.4%
Increased positions 47 27 +74.1%
Reduced positions 27 26 +3.8%
13F shares Current Prev Q Change
Total value 13.22B 8.34B +58.6%
Total shares 57.02M 59.75M -4.6%
Total puts 99.3K 86.8K +14.4%
Total calls 232.4K 234.1K -0.7%
Total put/call ratio 0.4 0.4 +15.2%
Largest owners Shares Value Change
Oak Hill Advisors 9.41M $489.18M 0.0%
Goldentree Asset Management 5.92M $307.9M -20.0%
Famatown Finance 4.65M $0 0.0%
Lodbrok Capital 3.86M $200.48M -16.5%
Contrarius Investment Management 2.39M $124.06M -17.3%
Canyon Capital Advisors 2.25M $116.86M -29.7%
Exor Investments 2.09M $108.39M +5.0%
Elliott Investment Management 1.9M $98.74M -14.9%
Allianz Asset Management GmbH 1.8M $93.42M -9.5%
Whitebox Advisors 1.8M $93.39M -11.0%
Largest transactions Shares Bought/sold Change
Goldentree Asset Management 5.92M -1.48M -20.0%
King Street Capital Management 673.88K -1.27M -65.4%
Oaktree Capital Management 50K -1.03M -95.4%
Southpoint Capital Advisors 1M +1M NEW
Orbis Allan Gray 1.72M +950.86K +124.4%
Canyon Capital Advisors 2.25M -949.76K -29.7%
Lodbrok Capital 3.86M -762.1K -16.5%
Brigade Capital Management 843.02K -631.51K -42.8%
Scout Investments 574.87K +574.87K NEW
Contrarius Investment Management 2.39M -498.13K -17.3%

Financial report summary

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Management Discussion
  • Management believes the comparison of the most recently completed quarter to the immediately preceding quarter provides more relevant information needed to understand and analyze the business. As such, as permitted under applicable SEC rules, we have elected to discuss any material changes in our results of operations by including a comparison of our most recently completed fiscal quarter ended March 31, 2022 (the "current quarter") (Successor) to the immediate preceding fiscal quarter ended December 31, 2021 (Successor) (the "preceding quarter"). We also continue to discuss any material changes in our results of operations for the current quarter compared to the corresponding period of the preceding fiscal year (Predecessor) (the "prior year quarter"), as required under the applicable SEC rules.

Content analysis

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