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NYSE:NE, a growth stock which is not overvalued.

By Mill Chart

Last update: Dec 1, 2023

Our stock screening tool has pinpointed NOBLE CORP PLC (NYSE:NE) as a growth stock that isn't overvalued. NYSE:NE is excelling in various growth indicators while maintaining a solid financial footing. Furthermore, it remains attractively priced. Let's delve into the specifics below.

Growth Examination for NYSE:NE

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NYSE:NE has earned a 7 for growth:

  • NE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 330.23%, which is quite impressive.
  • The Revenue has grown by 157.00% in the past year. This is a very strong growth!
  • NE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 85.97% yearly.
  • The Revenue is expected to grow by 35.93% on average over the next years. This is a very strong growth
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

Evaluating Valuation: NYSE:NE

An integral part of ChartMill's stock analysis is the Valuation Rating, which spans from 0 to 10. This rating evaluates diverse valuation factors, including price to earnings and cash flows, while considering the stock's profitability and growth. NYSE:NE has received a 6 out of 10:

  • A Price/Forward Earnings ratio of 7.84 indicates a rather cheap valuation of NE.
  • Based on the Price/Forward Earnings ratio, NE is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
  • NE is valuated cheaply when we compare the Price/Forward Earnings ratio to 19.79, which is the current average of the S&P500 Index.
  • NE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NE has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as NE's earnings are expected to grow with 85.97% in the coming years.

Deciphering NYSE:NE's Health Rating

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:NE has received a 5 out of 10:

  • NE has an Altman-Z score of 3.76. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
  • NE has a Altman-Z score of 3.76. This is amongst the best in the industry. NE outperforms 84.62% of its industry peers.
  • A Debt/Equity ratio of 0.15 indicates that NE is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.15, NE is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
  • NE has a Quick ratio of 2.00. This is in the better half of the industry: NE outperforms 78.46% of its industry peers.

Profitability Insights: NYSE:NE

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:NE, the assigned 6 is noteworthy for profitability:

  • NE has a Return On Assets of 8.87%. This is amongst the best in the industry. NE outperforms 81.54% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.19%, NE is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.23%, NE is in the better half of the industry, outperforming 73.85% of the companies in the same industry.
  • Looking at the Profit Margin, with a value of 18.19%, NE belongs to the top of the industry, outperforming 96.92% of the companies in the same industry.
  • The Operating Margin of NE (23.96%) is better than 93.85% of its industry peers.
  • NE has a Gross Margin of 40.06%. This is amongst the best in the industry. NE outperforms 81.54% of its industry peers.

More Affordable Growth stocks can be found in our Affordable Growth screener.

Check the latest full fundamental report of NE for a complete fundamental analysis.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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NOBLE CORP PLC

NYSE:NE (2/21/2024, 1:30:57 PM)

43.3

+1.04 (+2.46%)

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