Discounted Cash Flow

Borr Drilling Ltd. Foreign

BORR · Based on 10 years of SEC filings · Converted from NOK to USD

⚠ Cash flow predictability 44/100 (moderate) — FCF YoY std dev 64%, net income 70% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $10.8k $-9.5m $-20.0m -88000.0% $-1.70
2018 $17.8m (164800.0%) $-20.6m (-116.5%) $-15.4m (22.7%) -115.5% (99.9%) $-1.85 (-8.8%)
2019 $36.1m (102.6%) $-32.1m (-56.2%) $-9.8m (36.4%) -89.1% (22.9%) $-2.78 (-50.3%)
2020 $33.2m (-8.0%) $-34.3m (-6.7%) $-5.9m (39.7%) -103.3% (-16.0%) $-2.11 (24.1%)
2021 $26.5m (-20.2%) $-20.8m (39.2%) $-6.4m (-7.7%) -78.7% (23.8%) $-1.43 (32.2%)
2022 $47.9m (80.9%) $-31.6m (-51.7%) $6.6m (202.9%) -66.0% (16.1%) $-1.64 (-14.7%)
2023 $83.3m (73.9%) $2.4m (107.5%) $-5.6m (-186.0%) 2.9% (104.3%) $0.09 (105.5%)
2024 $109.1m (31.0%) $8.9m (271.5%) $8.3m (247.1%) 8.1% (183.6%) $0.33 (266.7%)
2025 $110.2m (1.0%) $4.9m (-45.2%) $27.2m (227.6%) 4.4% (-45.7%) $0.17 (-48.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in NOK. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model