SDRL
Seadrill Limited
NYSE: SDRL · ENERGY · OIL & GAS DRILLING
$49.96
-2.82% today
Updated 2026-06-05
Market cap
$2.77B
P/E ratio
—
P/S ratio
1.97x
EPS (TTM)
$-1.12
Dividend yield
—
52W range
$25 – $55
Volume
0.7M
Seadrill Limited (SDRL) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed SDRL price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$49.96
Today
Analyst consensus
$55.00
+10.09% · 12M
2030 Base
$19.76
-60.45% future
NPV today
$11.58
@ 12% WACC
8 analysts:
5 Buy2 Hold1 Sell
Management guidance
Seadrill raised FY2026 revenue guidance to $1,430M–$1,480M (midpoint $1,455M, +5.5% YoY from $1,380M TTM). CEO Samir Ali emphasizes free cash flow generation and capitalizing on a tightening deepwater drilling market. Contract backlog stands at $3.1B, providing multi-year revenue visibility through 2028–2029.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
SDRL · Seadrill Limited · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$19.76
NPV today: $11.58
Base case (2030)
$19.76
NPV today: $11.58
Bull case (2030)
$52.92
NPV today: $31.00
WallStSmart.com
SDRL financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.7B | $2.0B | $2.1B | $2.3B |
| Revenue growth | 3.8% | 5.5% | 17.5% | 14.3% | 9.7% | 8.1% |
| Net margin | — | 2.4% | 12.3% | 14.1% | 14.4% | 14.6% |
| EPS | — | $0.54 | $3.20 | $4.10 | $4.50 | $4.85 |
| Diluted shares | — | 64M | 66M | 67M | 69M | 70M |
| Net debt | — | $334.86M | $461.63M | $606.55M | $765.57M | $937.55M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $17.47 | $18.99 | $20.05 | $20.09 | $19.76 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.3B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 70M | 70M | 70M |
| Net debt | $937.55M | $937.55M | $937.55M |
| Implied P/E † | 4x | 4x | 11x |
| 2030 Price | $19.76 | $19.76 | $52.92 |
| NPV @ 12% | $11.58 | $11.58 | $31.00 |
† Implied P/E: Multiples remain elevated across all three scenarios because SDRL is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $19.76 base case
SDRL catalysts and risks
Growth catalysts
+ Contract backlog of $3.1B provides 2+ years of revenue visibility; new awards in U.S. Gulf, Angola, and Brazil extend utilization into 2028–2029
+ Deepwater exploration cycle recovery driven by energy security concerns and rising oil demand; Brent crude >$75/bbl supports customer capex
+ Fleet rationalization and cost discipline under new CEO; EBITDA margin expansion from 27% (Q1 2026) as utilization improves and dayrates stabilize
Key risks
- Offshore drilling utilization and dayrate pressure if oil prices decline below $60/bbl or global recession reduces energy capex
- Capital intensity: aging fleet (average ~12 years) requires $150M–$250M annual capex; debt/equity at 0.22 constrains flexibility
- Regulatory/environmental risk: deepwater permitting delays in Gulf of Mexico; ESG pressure on oil majors may reduce exploration budgets post-2027
Methodology · Seadrill Limited 2030 stock forecast model
Seadrill Limited 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (12% cumulative for SDRL by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($937.55M by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.412) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
SDRL price target FAQ
What is the SDRL price target for 2030?
WallStSmart's Seadrill Limited 2030 base case is $19.76 per share, with a bull case of $52.92 and bear case of $19.76. The NPV of the base case discounted to today at 12% WACC is $11.58.
How is the Seadrill Limited 2030 stock forecast calculated?
The SDRL 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the SDRL price target account for dilution?
Seadrill Limited is projected to grow diluted share count from 63M to 70M by 2030 (a 12% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 12%.
What is the analyst consensus on SDRL stock?
8 analysts cover SDRL with an average 12-month price target of $55.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.