Transocean RIG
SwitzerlandEnergy · Oil & Gas DrillingUSD
6.55 USD (+21.6%)
12 analysts
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Transocean is a Swiss offshore drilling company that leases its drilling rigs to oil and gas companies for exploration and production in deep and ultra-deep waters.
Key points
from its scores- ✓Good share-price trend9.8
- ✕Little or no dividend1.4
- ✕Weak growth3.0
- ✕Unfavourable risk and backdrop3.9
AI analysis
bottom line, main risk, context and newsHold or buy only for investors with high risk tolerance betting on a recovery in the offshore drilling cycle; the positive momentum (9.8) suggests the market is already pricing in an improvement.
Transocean shows acceptable financial health (6.08) with an operating margin of 17.39% and strong free cash flow (FCF yield 14.85%), but its profitability is poor (ROE -18.70%) and revenue growth is negative (-2.20%), making it a value option with execution risks.
The main risk is dependence on a sustained rebound in offshore exploration investment by oil companies, which may not materialize if crude prices weaken or if clients delay projects due to geopolitical uncertainty.
Context and risks
Transocean operates an offshore drilling fleet with contracts tied to oil and gas exploration. The blockade of the Strait of Hormuz and crude volatility create an uncertain price environment that may delay investment decisions by its clients, although the company has no direct exposure to transit through that route.
Is Transocean stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 16% below the Energy median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 6.8 | 8.0 | −16% |
| Price / book | 0.7 | 2.2 | −68% |
| Price / sales | 1.5 | 1.9 | −24% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.0 out of 10 (median for Energy: 5.9).
Average analyst target: 6.55 USD, +21.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.1 (sector 6.8), Growth 3.0 (sector 7.2).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- Forward P/E
- 18.8
- EV / EBITDA
- 6.8
- Price / book
- 0.7
- Price / sales
- 1.5
- PEG
- 1.17
- Market cap
- 6.0B USD
- Enterprise value
- 10.6B USD
Profitability
- ROE
- −18.7%
- ROA
- 3.7%
- ROIC (approx.)
- 5.3%
- Gross margin
- 42.5%
- Operating margin
- 17.4%
- Net margin
- −40.2%
- Free cash flow
- 893.9M USD
- FCF yield
- 14.8%
- Cash conversion
- 57%
Solvency
- Total debt
- 5.1B USD
- Net debt
- 4.6B USD
- Cash
- 509.0M USD
- EBITDA
- 1.6B USD
- Net debt / EBITDA
- 2.94
- Debt / equity
- 61.16
- Current ratio
- 1.59
- Quick ratio
- 0.93
Growth
- Revenue growth
- −2.2%
- EPS (TTM)
- −1.60 USD
- EPS (forward)
- 0.29 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.41
- Analyst consensus
- Buy (12)
- Target price
- 6.55 USD
- 52-week range
- 3.07 – 7.66
Recent news
All RIG news →Compare it with its sector
All 102 in Energy →Frequently asked questions about Transocean
Is Transocean stock cheap or expensive?
On EV / EBITDA, it trades 16% below the Energy median. Valuation score: 5.0 out of 10 (median for Energy: 5.9). Average analyst target: 6.55 USD, +21.6% versus the price. This is not investment advice.
What score does Transocean get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,823 of 2,130 (better than 14% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.4). Analysis of 08/10/2026.
How much is Transocean worth on the stock market?
Its market capitalisation is 6.0B USD and its enterprise value, debt included, is 10.6B USD.
How much debt does Transocean have?
Its net debt (debt minus cash) is 4.6B USD. That is 2.94 times its EBITDA; the Energy median is 1.23.
Does Transocean pay a dividend?
It pays no dividend, or almost none.
How has Transocean stock performed over the last year?
It has risen 75.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 3.07 and 7.66 USD. Past performance does not guarantee future results.
What do analysts think of Transocean?
12 analysts cover it; their average recommendation is “Buy” and their average target is 6.55 USD (+21.6% versus the price). It is an estimate, not market data.