VALValaris Ltd
Drilling Oil & Gas Wells
- Revenue
- $12M
- 24% YoY
- Operating margin
- 4008.4%
- 9.2% YoY
- EBITDA
- $623M
- 31% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 6.8×
- $4.2B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired56% of net incomeCash flow under 80% of net income
- Dilutive SBCFired212% of revenueOver 10% of revenue
- Payouts exceed cash flowClear18% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear5% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $9M | $8M | $10M | $12M | 24% |
| Operating income | — | $37M | $54M | $352M | $477M | 35% |
| Net income | $370M | −$4.5B | $182M | $867M | $979M | 13% |
| Operating cash flow | — | $127M | $268M | $355M | $546M | 54% |
| Capex | — | $207M | $696M | $455M | $344M | 25% |
| Stock-based comp | — | $17M | $27M | $28M | $25M | 9.0% |
| Buybacks | — | $0 | $199M | $126M | $100M | 21% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 213 | 167 |
| FY2024 | — | — | 289 | 168 |
| FY2023 | — | — | 285 | 161 |
| FY2022 | — | — | 152 | 97 |
| FY2021 | — | — | 187 | 155 |