NorAm Financial Statements From 2010 to 2025
| NORAM Stock | 31.70 0.30 0.96% |
Check NorAm Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NorAm Drilling's main balance sheet or income statement drivers, such as , as well as many indicators such as . NorAm financial statements analysis is a perfect complement when working with NorAm Drilling Valuation or Volatility modules.
NorAm |
NorAm Drilling AS Company Return On Equity Analysis
NorAm Drilling's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current NorAm Drilling Return On Equity | -0.36 |
Most of NorAm Drilling's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NorAm Drilling AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, NorAm Drilling AS has a Return On Equity of -0.3646. This is 81.59% lower than that of the Energy sector and 97.91% lower than that of the Oil & Gas Equipment & Services industry. The return on equity for all Norway stocks is 17.61% higher than that of the company.
NorAm Drilling AS Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NorAm Drilling's current stock value. Our valuation model uses many indicators to compare NorAm Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NorAm Drilling competition to find correlations between indicators driving NorAm Drilling's intrinsic value. More Info.NorAm Drilling AS is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value NorAm Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NorAm Drilling's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About NorAm Drilling Financial Statements
NorAm Drilling investors utilize fundamental indicators, such as revenue or net income, to predict how NorAm Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.