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34.31 (1y: +8%)
Market Cap 4.22 B P/E(ttm) 22.40
Enterprise Value 5.21 B P/B 1.00
RDC- NYSE (USA)
Rowan Companies PLC
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$34.31
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.51
RDC's Cash to Debt is ranked higher than
80% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.15 vs. RDC: 0.51 )
RDC' s 10-Year Cash to Debt Range
Min: 0.09   Max: 1.1
Current: 0.51
0.09
1.1
Equity to Asset 0.589
RDC's Equity to Asset is ranked higher than
81% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.44 vs. RDC: 0.589 )
RDC' s 10-Year Equity to Asset Range
Min: 0.52   Max: 0.66
Current: 0.59
0.52
0.66
Interest Coverage 5.1
RDC's Interest Coverage is ranked higher than
80% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.30 vs. RDC: 5.1 )
RDC' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 5.1
F-Score: 7
Z-Score: 1.84
M-Score: -2.83
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 18.30
RDC's Operating margin (%) is ranked higher than
85% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.80 vs. RDC: 18.30 )
RDC' s 10-Year Operating margin (%) Range
Min: -2.1   Max: 35
Current: 18.3
-2.1
35
Net-margin (%) 13
RDC's Net-margin (%) is ranked higher than
87% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: 13 )
RDC' s 10-Year Net-margin (%) Range
Min: -2.1   Max: 78.5
Current: 13
-2.1
78.5
ROE (%) 4
RDC's ROE (%) is ranked higher than
79% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: 4 )
RDC' s 10-Year ROE (%) Range
Min: -1.3   Max: 20.6
Current: 4
-1.3
20.6
ROA (%) 2.3
RDC's ROA (%) is ranked higher than
79% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: 2.3 )
RDC' s 10-Year ROA (%) Range
Min: -0.7   Max: 12.5
Current: 2.3
-0.7
12.5
ROC (Joel Greenblatt) (%) 3.90
RDC's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: 3.90 )
RDC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -0.8   Max: 23.3
Current: 3.9
-0.8
23.3
Revenue Growth (%) -7.7
RDC's Revenue Growth (%) is ranked lower than
55% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: -7.7 )
RDC' s 10-Year Revenue Growth (%) Range
Min: -21.5   Max: 35.3
Current: -7.7
-21.5
35.3
EBITDA Growth (%) -8.8
RDC's EBITDA Growth (%) is ranked lower than
56% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: -8.8 )
RDC' s 10-Year EBITDA Growth (%) Range
Min: -20.6   Max: 58.6
Current: -8.8
-20.6
58.6
EPS Growth (%) -18.1
RDC's EPS Growth (%) is ranked lower than
57% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: -18.1 )
RDC' s 10-Year EPS Growth (%) Range
Min: -18.1   Max: 23.3
Current: -18.1
-18.1
23.3
» RDC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

RDC Guru Trades in Q2 2012

George Soros 165,200 sh (New)
John Burbank 171,377 sh (New)
Columbia Wanger 1,332,139 sh (+127.72%)
Steven Cohen 289,401 sh (+117.99%)
Steven Romick 1,425,000 sh (+7.55%)
First Pacific Advisors 7,133,900 sh (+1.55%)
Pioneer Investments 62,259 sh (unchged)
Robert Rodriguez 2,627,200 sh (unchged)
Michael Price Sold Out
Louis Moore Bacon Sold Out
Ken Fisher Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 796,700 sh (-0.23%)
Chuck Royce 21,500 sh (-98.54%)
» More
Q3 2012

RDC Guru Trades in Q3 2012

Jim Simons 198,200 sh (New)
Steven Cohen 1,182,559 sh (+308.62%)
Steven Romick 1,425,000 sh (unchged)
Pioneer Investments 62,259 sh (unchged)
Columbia Wanger 1,332,139 sh (unchged)
George Soros Sold Out
Robert Rodriguez 2,603,276 sh (-0.91%)
Mario Gabelli 787,400 sh (-1.17%)
First Pacific Advisors 7,026,676 sh (-1.5%)
John Burbank 167,600 sh (-2.2%)
Chuck Royce 16,500 sh (-23.26%)
» More
Q4 2012

RDC Guru Trades in Q4 2012

Paul Tudor Jones 75,000 sh (New)
John Burbank 331,500 sh (+97.79%)
Jim Simons 284,300 sh (+43.44%)
First Pacific Advisors 7,279,276 sh (+3.59%)
Chuck Royce 16,500 sh (unchged)
Pioneer Investments 62,259 sh (unchged)
Robert Rodriguez 2,603,276 sh (unchged)
Steven Romick 1,425,000 sh (unchged)
Columbia Wanger 1,315,254 sh (-1.27%)
Mario Gabelli 764,400 sh (-2.92%)
Steven Cohen 550,711 sh (-53.43%)
» More
Q1 2013

RDC Guru Trades in Q1 2013

Louis Moore Bacon 150,000 sh (New)
Paul Tudor Jones 145,000 sh (+93.33%)
Steven Cohen 1,008,576 sh (+83.14%)
Columbia Wanger 2,051,747 sh (+56%)
Steven Romick 1,425,000 sh (unchged)
Chuck Royce 16,500 sh (unchged)
Robert Rodriguez 2,603,276 sh (unchged)
Pioneer Investments 62,259 sh (unchged)
Jim Simons Sold Out
First Pacific Advisors 7,229,876 sh (-0.68%)
Mario Gabelli 745,400 sh (-2.49%)
John Burbank 37,900 sh (-88.57%)
» More
» Details

Insider Trades

Latest Guru Trades with RDC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Burbank 2013-03-31 Reduce -88.57%0.35%$31.27 - $36.65 $ 34.31-1%37900
John Burbank 2012-12-31 Add 97.79%0.2%$30.48 - $34.6 $ 34.316%331500
George Soros 2012-09-30 Sold Out 0.08%$32.38 - $37.32 $ 34.31-2%0
John Burbank 2012-06-30 New Buy0.19%$29.07 - $35.96 $ 34.318%171377
Michael Price 2012-06-30 Sold Out 0.13%$29.07 - $35.96 $ 34.318%0
George Soros 2012-06-30 New Buy0.08%$29.07 - $35.96 $ 34.318%165200
Michael Price 2012-03-31 Reduce -90.85%1.36%$31.15 - $38.78 $ 34.314%27985
John Burbank 2012-03-31 Sold Out 0.09%$31.15 - $38.78 $ 34.314%0
Robert Rodriguez 2011-06-30 Add 1.9%0.2%$35.92 - $44.19 $ 34.31-12%2634000
John Hussman 2011-06-30 Sold Out $35.92 - $44.19 $ 34.31-12%0
Robert Rodriguez 2011-03-31 Reduce -5%0.62%$32.86 - $43.46 $ 34.31-10%2585000
Mario Gabelli 2011-03-31 Reduce -58.12%0.36%$32.86 - $43.46 $ 34.31-10%822300
David Dreman 2010-12-31 Sold Out 0.01%$29.72 - $34.91 $ 34.316%0
Mario Gabelli 2010-09-30 Add 112.84%0.13%$22.82 - $30.9 $ 34.3128%1901700
John Hussman 2010-09-30 Reduce -50%0.11%$22.82 - $30.9 $ 34.3128%500000
John Hussman 2010-06-30 New Buy0.38%$22.07 - $32.5 $ 34.3128%1000000
Mario Gabelli 2010-06-30 Reduce -52.95%0.06%$22.07 - $32.5 $ 34.3128%893500
David Dreman 2010-03-31 New Buy0.01%$21.48 - $28.16 $ 34.3138%10740
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 22.40
RDC's P/E(ttm) is ranked higher than
59% of the 91 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 16.20 vs. RDC: 22.40 )
RDC' s 10-Year P/E(ttm) Range
Min: 3.07   Max: 2718.67
Current: 22.4
3.07
2718.67
P/B 1.00
RDC's P/B is ranked higher than
79% of the 140 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.13 vs. RDC: 1.00 )
RDC' s 10-Year P/B Range
Min: 0.49   Max: 4.83
Current: 1
0.49
4.83
P/S 2.91
RDC's P/S is ranked higher than
58% of the 151 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.63 vs. RDC: 2.91 )
RDC' s 10-Year P/S Range
Min: 0.59   Max: 7.63
Current: 2.91
0.59
7.63
PFCF 285.40
RDC's PFCF is ranked lower than
61% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 15.00 vs. RDC: 285.40 )
RDC' s 10-Year PFCF Range
Min: 32.65   Max: 1608.5
Current: 285.4
32.65
1608.5
EV-to-EBIT 18.9
RDC's EV-to-EBIT is ranked higher than
54% of the 109 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 14.15 vs. RDC: 18.9 )
RDC' s 10-Year EV-to-EBIT Range
Min: 2.3   Max: 1517.5
Current: 18.9
2.3
1517.5
Shiller P/E 9.8
RDC's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: vs. RDC: 9.8 )
RDC' s 10-Year Shiller P/E Range
Min: 5.09   Max: 77.1
Current: 9.8
5.09
77.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 14.2
RDC's Price/Net Current Asset Value is ranked higher than
54% of the 101 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.00 vs. RDC: 14.2 )
RDC' s 10-Year Price/Net Current Asset Value Range
Min: 2.7   Max: 19.7
Current: 14.2
2.7
19.7
Price/Tangible Book 0.9
RDC's Price/Tangible Book is ranked higher than
86% of the 130 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.30 vs. RDC: 0.9 )
RDC' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 3.2
Current: 0.9
0.6
3.2
Price/DCF (Projected) 7.3
RDC's Price/DCF (Projected) is ranked lower than
65% of the 48 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. RDC: 7.3 )
RDC' s 10-Year Price/DCF (Projected) Range
Min: 1.4   Max: 46.2
Current: 7.3
1.4
46.2
Price/Median PS Value 1
RDC's Price/Median PS Value is ranked higher than
51% of the 132 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.70 vs. RDC: 1 )
RDC' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.8
Current: 1
0.3
1.8
Price/Graham Number 0.9
RDC's Price/Graham Number is ranked higher than
68% of the 95 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.90 vs. RDC: 0.9 )
RDC' s 10-Year Price/Graham Number Range
Min: 0.3   Max: 3.1
Current: 0.9
0.3
3.1
Earnings Yield (Greenblatt) 5.30
RDC's Earnings Yield (Greenblatt) is ranked higher than
76% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.40 vs. RDC: 5.30 )
RDC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 43.6
Current: 5.3
0.1
43.6
Forward Rate of Return (Yacktman) -24.3
RDC's Forward Rate of Return (Yacktman) is ranked lower than
55% of the 199 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. RDC: -24.3 )
RDC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -27.6   Max: 74.2
Current: -24.3
-27.6
74.2

Business Description

Rowan Companies PLC formerly Rowan Companies, Inc. is a provider of international and domestic contract drilling services. Rowan also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries. Organized in 1947 as a Delaware corporation under the name Rowan Drilling Company, Inc., Rowan is a successor to a contract drilling business conducted since 1923. Rowan provides contract drilling services utilizing a fleet of 31 self-elevating mobile offshore drilling platforms and 29 marketed deep-well land drilling rigs. The Company focuses is on specification and premium jack-up rigs, which customers use for offshore exploratory and development drilling and, in certain areas, well workover operations. The Company conducts offshore drilling operations in various markets throughout the world, and onshore drilling operations in the United States. At February 27, 2012, the Company had eleven rigs in the Middle East, ten in the U.S. Gulf of Mexico, six in the North Sea, two in Trinidad, and one each in Malaysia and Vietnam. At that date, the Company had twenty-one marketed land rigs in Texas, six in Louisiana, and one each in Oklahoma and Alaska. Rowan operates large jack-up rigs capable of drilling depths up to 35,000 feet in maximum water depths ranging from 250 to 550 feet, depending on rig size and location. The Company's jack-ups are designed with a floating hull that is fully equipped to serve as a drilling platform supported by three independently elevating legs. In addition to the Company's offshore drilling operations, it provides drilling equipment and personnel on a contract basis for exploration and development of onshore areas. Rowan's Drilling Products and Systems segment built the first jack-up drilling rig in 1955, and has since designed, built or licensed the construction of more than 200 units including all 23 of its current jack-up rigs. This segment also designs and manufactures primary drilling equipment in a range of sizes, including mud pumps, top drives, drawworks and rotary tables, as well as variable-speed motors, variable-frequency drive systems and other electrical components for the oil and gas, marine, mining and dredging industries. The Company's Mining, Forestry and Steel Products segment manufactures heavy equipment such as large-wheeled front-end loaders, diesel-electric powered log stackers and steel plate products. In the United States, the Company's all operations and facilities are subject to regulation by a variety of local, state, and federal agencies with authority over safety and environmental compliance.
Company Website
SEC Reports
Industry: Oil & Gas Drilling
Compare:SDRL, ESV, PES, OMVJF, SBR
Traded in other countries:RC0.Germany
» More Articles for RDC

Headlines

Articles On GuruFocus.com
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Robert Rodriguez's Bullish Stance on Oil: Rowan, Ensco, Rosetta Aug 31 2011 
FPA Capital Fund Q2 Portfolio: Buys OSK, IDCC, ARW, RDC, ESV Jul 26 2011 
Book Review: Oil: A Beginner’s Guide - by Vaclav Smil Jul 14 2011 
Natural Steven Ro Jul 04 2011 
Bob Rodriguez Predicts a Funding Crisis Jun 07 2011 
First Pacific Advisors and Robert Rodriguez's Top Stocks: RDC, ESV, ROSE, ARW, AVT Apr 29 2011 
Frugal Frank and the Right Price to Pay Apr 01 2011 
Frugal Frank and the Right Price to Pay Apr 01 2011 
Frugal Frank and the Right Price to Pay Apr 01 2011 

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