Valaris is a global offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. Co. provides drilling services on a day rate contract basis. Under day rate contracts, Co. provides an integrated service that includes the provision of a drilling rig and rig crews. Co.'s business consists of four segments: Floaters, which includes its drillships and semisubmersible rigs; Jackups; Saudi Aramco Rowan Offshore Drilling Company (ARO), its joint venture with Saudi Arabian Oil Company; and Other, which consists of management services on rigs owned by third-parties and the activities associated with its arrangements with ARO. We show 17 historical shares outstanding datapoints in our VAL shares outstanding history coverage, used to compute VAL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VAL market cap history over the course of time is important for investors
interested in comparing VAL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VAL versus a peer is one thing; comparing
VAL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VAL can fluctuate over the course of history.
With this page we aim to empower investors researching VAL by allowing them to research the VAL market cap history. |
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Video: The Importance of Market Cap
