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DIAMOND OFFSHORE DRILLING IN (DO)

US25271C2017 - Common Stock

12.59  +0.31 (+2.52%)

Premarket: 12.4 -0.19 (-1.51%)

Fundamental Rating

2

Taking everything into account, DO scores 2 out of 10 in our fundamental rating. DO was compared to 66 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of DO have multiple concerns. DO is valied quite expensively at the moment, while it does show a decent growth rate.



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2

1. Profitability

1.1 Basic Checks

In the past year DO has reported negative net income.
In the past year DO had a positive cash flow from operations.
DO had negative earnings in each of the past 5 years.
DO had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

DO has a Return On Assets (2.69%) which is comparable to the rest of the industry.
DO has a Return On Equity (6.17%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.69%
ROE 6.17%
ROIC N/A
ROA(3y)-57.27%
ROA(5y)-36.18%
ROE(3y)-119.05%
ROE(5y)-74.64%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

DO has a Profit Margin (4.95%) which is in line with its industry peers.
DO has a worse Gross Margin (17.16%) than 73.85% of its industry peers.
DO's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 4.95%
GM 17.16%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.79%
GM growth 5Y-22.14%

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2

2. Health

2.1 Basic Checks

DO does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for DO has been increased compared to 1 year ago.
The number of shares outstanding for DO has been reduced compared to 5 years ago.
Compared to 1 year ago, DO has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 1.29, we must say that DO is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.29, DO is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
DO has a Debt/Equity ratio of 0.83. This is a neutral value indicating DO is somewhat dependend on debt financing.
DO has a worse Debt to Equity ratio (0.83) than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF N/A
Altman-Z 1.29
ROIC/WACCN/A
WACC8.01%

2.3 Liquidity

DO has a Current Ratio of 1.84. This is a normal value and indicates that DO is financially healthy and should not expect problems in meeting its short term obligations.
DO has a Current ratio (1.84) which is in line with its industry peers.
DO has a Quick Ratio of 1.84. This is a normal value and indicates that DO is financially healthy and should not expect problems in meeting its short term obligations.
DO has a better Quick ratio (1.84) than 75.38% of its industry peers.
Industry RankSector Rank
Current Ratio 1.84
Quick Ratio 1.84

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 123.86% over the past year.
Looking at the last year, DO shows a quite strong growth in Revenue. The Revenue has grown by 16.16% in the last year.
DO shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.75% yearly.
EPS 1Y (TTM)123.86%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-2820%
Revenue 1Y (TTM)16.16%
Revenue growth 3Y-4.98%
Revenue growth 5Y-10.75%
Revenue growth Q2Q8.36%

3.2 Future

Based on estimates for the next years, DO will show a very strong growth in Earnings Per Share. The EPS will grow by 58.00% on average per year.
DO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.85% yearly.
EPS Next Y294.44%
EPS Next 2Y71.13%
EPS Next 3Y58%
EPS Next 5YN/A
Revenue Next Year23.43%
Revenue Next 2Y13.6%
Revenue Next 3Y7.91%
Revenue Next 5Y7.85%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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3

4. Valuation

4.1 Price/Earnings Ratio

DO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
DO is valuated correctly with a Price/Forward Earnings ratio of 12.10.
DO's Price/Forward Earnings is on the same level as the industry average.
DO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 19.59.
Industry RankSector Rank
PE N/A
Fwd PE 12.1

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DO indicates a rather expensive valuation: DO more expensive than 83.08% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.45

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DO's earnings are expected to grow with 58.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y71.13%
EPS Next 3Y58%

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0

5. Dividend

5.1 Amount

DO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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DIAMOND OFFSHORE DRILLING IN

NYSE:DO (11/28/2023, 7:04:01 PM)

Premarket: 12.4 -0.19 (-1.51%)

12.59

+0.31 (+2.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-06 2023-11-06/amc
Earnings (Next)N/A N/A
Inst Owners90.58%
Inst Owner Change-100%
Ins Owners72.33%
Ins Owner Change0.07%
Market Cap1.29B
Analysts87.69
Price Target19.13 (51.95%)
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-124.54%
Min EPS beat(2)-312.62%
Max EPS beat(2)63.54%
EPS beat(4)2
Avg EPS beat(4)-35.26%
Min EPS beat(4)-312.62%
Max EPS beat(4)143.38%
Revenue beat(2)0
Avg Revenue beat(2)-1.15%
Min Revenue beat(2)-2.25%
Max Revenue beat(2)-0.04%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-6.76%
Max Revenue beat(4)-0.04%
PT rev (1m)4.17%
PT rev (3m)8.17%
EPS NQ rev (1m)-6.52%
EPS NQ rev (3m)-77.53%
EPS NY rev (1m)0%
EPS NY rev (3m)42200%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 12.1
P/S 1.31
P/FCF N/A
P/OCF 25.26
P/B 1.64
P/tB 1.64
EV/EBITDA 18.45
EPS(TTM)-1.85
EYN/A
EPS(NY)1.04
Fwd EY8.26%
FCF(TTM)-0.65
FCFYN/A
OCF(TTM)0.5
OCFY3.96%
SpS9.6
BVpS7.69
TBVpS7.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.69%
ROE 6.17%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 4.95%
GM 17.16%
FCFM N/A
ROA(3y)-57.27%
ROA(5y)-36.18%
ROE(3y)-119.05%
ROE(5y)-74.64%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.79%
GM growth 5Y-22.14%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF N/A
Debt/EBITDA 6.66
Cap/Depr 108.12%
Cap/Sales 11.94%
Interest Coverage N/A
Cash Conversion 51.99%
Profit Quality N/A
Current Ratio 1.84
Quick Ratio 1.84
Altman-Z 1.29
F-Score6
WACC8.01%
ROIC/WACCN/A
Cap/Depr(3y)58.05%
Cap/Depr(5y)66.58%
Cap/Sales(3y)15.21%
Cap/Sales(5y)19.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y (TTM)123.86%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-2820%
EPS Next Y294.44%
EPS Next 2Y71.13%
EPS Next 3Y58%
EPS Next 5YN/A
Revenue 1Y (TTM)16.16%
Revenue growth 3Y-4.98%
Revenue growth 5Y-10.75%
Revenue growth Q2Q8.36%
Revenue Next Year23.43%
Revenue Next 2Y13.6%
Revenue Next 3Y7.91%
Revenue Next 5Y7.85%
EBIT growth 1Y79.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year258.96%
EBIT Next 3Y99.41%
EBIT Next 5Y68.36%
FCF growth 1Y73.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y136.43%
OCF growth 3Y-0.74%
OCF growth 5Y-55.21%