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NABORS INDUSTRIES LTD (NBR) Stock Fundamental Analysis

NYSE:NBR - New York Stock Exchange, Inc. - BMG6359F1370 - Common Stock - Currency: USD

25.575  -0.84 (-3.16%)

Fundamental Rating

2

NBR gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 63 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of NBR have multiple concerns. NBR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

NBR had negative earnings in the past year.
NBR had a positive operating cash flow in the past year.
NBR had negative earnings in each of the past 5 years.
In the past 5 years NBR always reported a positive cash flow from operatings.
NBR Yearly Net Income VS EBIT VS OCF VS FCFNBR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B

1.2 Ratios

NBR's Return On Assets of -2.76% is on the low side compared to the rest of the industry. NBR is outperformed by 73.02% of its industry peers.
NBR's Return On Equity of -40.73% is on the low side compared to the rest of the industry. NBR is outperformed by 84.13% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.93%, NBR is doing worse than 69.84% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NBR is significantly below the industry average of 8.65%.
The 3 year average ROIC (3.54%) for NBR is below the current ROIC(3.93%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -2.76%
ROE -40.73%
ROIC 3.93%
ROA(3y)-4.38%
ROA(5y)-7.78%
ROE(3y)-88.52%
ROE(5y)-87.38%
ROIC(3y)3.54%
ROIC(5y)N/A
NBR Yearly ROA, ROE, ROICNBR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

The Operating Margin of NBR (7.43%) is worse than 61.90% of its industry peers.
NBR has a better Gross Margin (40.24%) than 79.37% of its industry peers.
In the last couple of years the Gross Margin of NBR has grown nicely.
Industry RankSector Rank
OM 7.43%
PM (TTM) N/A
GM 40.24%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.82%
GM growth 5Y2.06%
NBR Yearly Profit, Operating, Gross MarginsNBR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NBR is destroying value.
The number of shares outstanding for NBR has been increased compared to 1 year ago.
NBR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NBR has an improved debt to assets ratio.
NBR Yearly Shares OutstandingNBR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
NBR Yearly Total Debt VS Total AssetsNBR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

NBR has an Altman-Z score of 0.33. This is a bad value and indicates that NBR is not financially healthy and even has some risk of bankruptcy.
NBR has a worse Altman-Z score (0.33) than 79.37% of its industry peers.
NBR has a Debt/Equity ratio of 7.84. This is a high value indicating a heavy dependency on external financing.
NBR has a worse Debt to Equity ratio (7.84) than 90.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.84
Debt/FCF N/A
Altman-Z 0.33
ROIC/WACC0.57
WACC6.9%
NBR Yearly LT Debt VS Equity VS FCFNBR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 1.80 indicates that NBR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.80, NBR is in line with its industry, outperforming 44.44% of the companies in the same industry.
A Quick Ratio of 1.62 indicates that NBR should not have too much problems paying its short term obligations.
NBR has a better Quick ratio (1.62) than 63.49% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.62
NBR Yearly Current Assets VS Current LiabilitesNBR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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3

3. Growth

3.1 Past

NBR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.37%.
The Revenue has decreased by -0.95% in the past year.
NBR shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.76% yearly.
EPS 1Y (TTM)6.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%148.02%
Revenue 1Y (TTM)-0.95%
Revenue growth 3Y13.25%
Revenue growth 5Y-0.76%
Sales Q2Q%-0.15%

3.2 Future

The Earnings Per Share is expected to grow by 32.24% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.14% on average over the next years.
EPS Next Y76.77%
EPS Next 2Y39.29%
EPS Next 3Y32.24%
EPS Next 5YN/A
Revenue Next Year13.25%
Revenue Next 2Y9.78%
Revenue Next 3Y7.14%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NBR Yearly Revenue VS EstimatesNBR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
NBR Yearly EPS VS EstimatesNBR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 50 -50 -100

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2

4. Valuation

4.1 Price/Earnings Ratio

NBR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NBR. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NBR Price Earnings VS Forward Price EarningsNBR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NBR indicates a rather cheap valuation: NBR is cheaper than 87.30% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.16
NBR Per share dataNBR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

NBR's earnings are expected to grow with 32.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.29%
EPS Next 3Y32.24%

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0

5. Dividend

5.1 Amount

NBR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NABORS INDUSTRIES LTD

NYSE:NBR (5/30/2025, 9:38:07 AM)

25.575

-0.84 (-3.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners88.94%
Inst Owner Change41.41%
Ins Owners6.13%
Ins Owner Change7.14%
Market Cap401.53M
Analysts52
Price Target48.81 (90.85%)
Short Float %9.99%
Short Ratio3.04
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.01
Dividend Growth(5Y)-73.53%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-58.28%
Min EPS beat(2)-287.9%
Max EPS beat(2)171.33%
EPS beat(4)1
Avg EPS beat(4)-83.09%
Min EPS beat(4)-287.9%
Max EPS beat(4)171.33%
EPS beat(8)1
Avg EPS beat(8)-861.98%
EPS beat(12)3
Avg EPS beat(12)-667.87%
EPS beat(16)3
Avg EPS beat(16)-509.57%
Revenue beat(2)1
Avg Revenue beat(2)0.57%
Min Revenue beat(2)-1.08%
Max Revenue beat(2)2.22%
Revenue beat(4)1
Avg Revenue beat(4)-0.54%
Min Revenue beat(4)-1.71%
Max Revenue beat(4)2.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.09%
Revenue beat(12)5
Avg Revenue beat(12)-0.41%
Revenue beat(16)8
Avg Revenue beat(16)0.02%
PT rev (1m)-19.08%
PT rev (3m)-37.85%
EPS NQ rev (1m)-15.68%
EPS NQ rev (3m)-84.84%
EPS NY rev (1m)-6.24%
EPS NY rev (3m)-16.15%
Revenue NQ rev (1m)1.01%
Revenue NQ rev (3m)1.22%
Revenue NY rev (1m)1.23%
Revenue NY rev (3m)-3.74%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.14
P/FCF N/A
P/OCF 0.71
P/B 1.17
P/tB 1.17
EV/EBITDA 3.16
EPS(TTM)-12.93
EYN/A
EPS(NY)-1.18
Fwd EYN/A
FCF(TTM)-4.22
FCFYN/A
OCF(TTM)35.79
OCFY139.95%
SpS186.79
BVpS21.83
TBVpS21.83
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.76%
ROE -40.73%
ROCE 4.97%
ROIC 3.93%
ROICexc 4.34%
ROICexgc 4.34%
OM 7.43%
PM (TTM) N/A
GM 40.24%
FCFM N/A
ROA(3y)-4.38%
ROA(5y)-7.78%
ROE(3y)-88.52%
ROE(5y)-87.38%
ROIC(3y)3.54%
ROIC(5y)N/A
ROICexc(3y)4.37%
ROICexc(5y)N/A
ROICexgc(3y)4.37%
ROICexgc(5y)N/A
ROCE(3y)4.47%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.82%
GM growth 5Y2.06%
F-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 7.84
Debt/FCF N/A
Debt/EBITDA 3.17
Cap/Depr 99.66%
Cap/Sales 21.42%
Interest Coverage 250
Cash Conversion 66.24%
Profit Quality N/A
Current Ratio 1.8
Quick Ratio 1.62
Altman-Z 0.33
F-Score4
WACC6.9%
ROIC/WACC0.57
Cap/Depr(3y)76.54%
Cap/Depr(5y)57.36%
Cap/Sales(3y)17.15%
Cap/Sales(5y)14.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%148.02%
EPS Next Y76.77%
EPS Next 2Y39.29%
EPS Next 3Y32.24%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.95%
Revenue growth 3Y13.25%
Revenue growth 5Y-0.76%
Sales Q2Q%-0.15%
Revenue Next Year13.25%
Revenue Next 2Y9.78%
Revenue Next 3Y7.14%
Revenue Next 5YN/A
EBIT growth 1Y-16.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year277.65%
EBIT Next 3Y65.43%
EBIT Next 5YN/A
FCF growth 1Y-132.19%
FCF growth 3Y-58.66%
FCF growth 5Y-44.51%
OCF growth 1Y-8.45%
OCF growth 3Y10.68%
OCF growth 5Y-3.21%