Maersk Drilling (Buy, TP: DKK740.00) - Debut quarter
Ahead of the debut quarter for Maersk Drilling standalone, we forecast Q1 EBITDA of USD116m, marginally above the company-compiled consensus at USD110m. As this is its first standalone quarter consensus is limited. Maersk Drilling screens as the most attractive name in our coverage on asset values with 39% upside potential to its peer group on EV/GAV. We consider the discount to its peer group unwarranted due to its superior EBITDA profile and higher quality balance sheet, and reiterate our BUY and DKK740 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.