VAL
Valaris Limited
VAL's fundamentals are weak, but it looks cheap: trading at 7.2x earnings, below its usual 9.7x. Analysts expect strong earnings growth.
VAL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Healthy |
VAL's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is weak.
VAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.7x | $64.56 | -20% |
| Current | 7.2x | $80.61 | — |
| Fair | 9.6x | $108 | +34% |
| Forward | 11x | $80.61 | — |
| Expensive | 45x | $511 | +534% |
Historical ranges are pointers, not guarantees.
VAL's PE is in its fair range at 7.2x. On analysts' estimates for next year's earnings, today's price would be 11x.
VAL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for VAL, with profitability improving.
VAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.02 | -38% |
| Q3 2026 | $11.27 | +102% |
| Q2 2026 | $13.26 | +247% |
| Q1 2026 | $14.15 | +234% |
| Q4 2025 | $13.86 | +171% |
| Q3 2025 | $5.59 | -61% |
| Q2 2025 | $3.82 | -72% |
| Q1 2025 | $4.24 | -62% |
| Q4 2024 | $5.12 | -56% |
VAL earned $11.27 per share over the past year, up 102% from the year before.
VAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $593.6M | -0.4% |
| Q2 2026 | $539.2M | -12% |
| Q1 2026 | $465.4M | -25% |
| Q4 2025 | $537.4M | -8% |
| Q3 2025 | $595.7M | -7.4% |
| Q2 2025 | $615.2M | +0.8% |
| Q1 2025 | $620.7M | +18% |
| Q4 2024 | $584.4M | +21% |
VAL's revenue is shrinking: $594M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -8.2 points |
| Q2 2026 | 9.5% | -17 points |
| Q1 2026 | 4.3% | -19 points |
| Q4 2025 | 7.3% | -13 points |
| Q3 2025 | 22% | +7.2 points |
| Q2 2025 | 27% | +8.8 points |
| Q1 2025 | 23% | +18 points |
| Q4 2024 | 20% | +13 points |
VAL's operating margin was 14% last quarter, down 8.2 points from the same quarter a year ago.
VAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$54.4M | -142% |
| Q2 2026 | -$92.4M | -275% |
| Q1 2026 | -$25.9M | -146% |
| Q4 2025 | -$34.1M | -364% |
| Q3 2025 | $128.3M | +15% |
| Q2 2025 | $52.8M | +$151.5M |
| Q1 2025 | $55.7M | +$180.7M |
| Q4 2024 | $12.9M | +$379.2M |
VAL has burned cash in most quarters: −$207M over the past year, against $250M the year before.
VAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -100K shares |
| 1 year | -1% | -700K shares |
| 3 years | -6% | -4.5M shares |
| 5 years | -6.3% | -4.7M shares |
| Available history | -59% | -103M shares |
VAL has 70M diluted shares, down 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $25M |
| Q4 2024 | $25M |
| Q3 2024 | $100M |
| Q4 2023 | $51.2M |
| Q3 2023 | $83M |
| Q4 2021 | — |
VAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.5x | Healthy |
VAL's net debt is about 1.5 years of its operating earnings (EBITDA), up from less than a year a year ago.
VAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.2 | Neutral |
| Stochastic | 41.2 | Neutral |
VAL's weekly RSI is 47 (neutral) and its Stochastic is 41 (neutral).
VAL PE vs Energy Sector
| Metric | VAL | Sector median | Relative |
|---|---|---|---|
| PE | 7.2x | 13x | 46% below |
| PE % | 40 | 54 | 14 pts below |
VAL is trading at 7.2x earnings, a 46% discount to the Energy sector's median of 13x.
VAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.4 | 6.7% below |
| 20 week MA | $83.6 | 3.6% below |
| 50 week MA | $81.8 | 1.4% below |
| 100 week MA | $63.3 | 27% above |
| 200 week MA | $64.7 | 25% above |
VAL has slipped below its 8-, 20- and 50-week averages, though it's still 25% above its 200-week average.
VAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $22.1 | $36.3 | +64% |
| 2022 | $36.3 | $66.6 | +84% |
| 2023 | $66.6 | $68.6 | +2.9% |
| 2024 | $68.6 | $41.0 | -40% |
| 2025 | $41.0 | $49.5 | +21% |
| 2026 YTD | $49.5 | $80.6 | +63% |
VAL has finished higher in four of the last five years, two of them by more than 50%. It's up 63% so far in 2026.