NOBLE CORP PLC (NE) Stock Fundamental Analysis
USA - NYSE:NE - GB00BMXNWH07 - Common Stock
30.32 USD
+0.65 (+2.19%)
30.5 USD
+0.18 (+0.59%)
Overall NE gets a fundamental rating of 4 out of 10. We evaluated NE against 60 industry peers in the Energy Equipment & Services industry. While NE is still in line with the averages on profitability rating, there are concerns on its financial health. NE is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NE had positive earnings in the past year.
In the past year NE had a positive cash flow from operations.
Of the past 5 years NE 4 years were profitable.
In the past 5 years NE always reported a positive cash flow from operatings.
1.2 Ratios
NE has a Return On Assets (2.97%) which is in line with its industry peers.
With a Return On Equity value of 5.00%, NE perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
NE's Return On Invested Capital of 7.33% is fine compared to the rest of the industry. NE outperforms 65.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NE is in line with the industry average of 7.85%.
The last Return On Invested Capital (7.33%) for NE is above the 3 year average (7.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5% | ||
| ROIC | 7.33% |
ROA(3y)5.89%
ROA(5y)-11.73%
ROE(3y)8.87%
ROE(5y)N/A
ROIC(3y)7.22%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 6.57%, NE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
NE's Profit Margin has declined in the last couple of years.
The Operating Margin of NE (18.45%) is better than 81.67% of its industry peers.
The Gross Margin of NE (39.14%) is better than 78.33% of its industry peers.
In the last couple of years the Gross Margin of NE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.45% | ||
| PM (TTM) | 6.57% | ||
| GM | 39.14% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-29.33%
PM growth 5YN/A
GM growth 3Y50.54%
GM growth 5Y-0.65%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NE is destroying value.
Compared to 1 year ago, NE has more shares outstanding
Compared to 5 years ago, NE has less shares outstanding
NE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.78, we must say that NE is in the distress zone and has some risk of bankruptcy.
NE has a Altman-Z score of 1.78. This is comparable to the rest of the industry: NE outperforms 43.33% of its industry peers.
NE has a debt to FCF ratio of 5.04. This is a neutral value as NE would need 5.04 years to pay back of all of its debts.
NE's Debt to FCF ratio of 5.04 is in line compared to the rest of the industry. NE outperforms 46.67% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that NE is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.44, NE is in line with its industry, outperforming 46.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.88
WACC8.34%
2.3 Liquidity
A Current Ratio of 1.75 indicates that NE should not have too much problems paying its short term obligations.
NE has a worse Current ratio (1.75) than 63.33% of its industry peers.
NE has a Quick Ratio of 1.75. This is a normal value and indicates that NE is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.75, NE is doing good in the industry, outperforming 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
NE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.73%.
Measured over the past years, NE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.18% on average per year.
NE shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.34%.
The Revenue has been growing by 18.56% on average over the past years. This is quite good.
EPS 1Y (TTM)-46.73%
EPS 3Y-17.18%
EPS 5YN/A
EPS Q2Q%-67.24%
Revenue 1Y (TTM)24.34%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%-0.32%
3.2 Future
Based on estimates for the next years, NE will show a decrease in Earnings Per Share. The EPS will decrease by -0.37% on average per year.
The Revenue is expected to grow by 4.36% on average over the next years.
EPS Next Y-56.99%
EPS Next 2Y-31.1%
EPS Next 3Y-0.37%
EPS Next 5YN/A
Revenue Next Year8.68%
Revenue Next 2Y1.88%
Revenue Next 3Y4.36%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
NE is valuated quite expensively with a Price/Earnings ratio of 26.60.
Compared to the rest of the industry, the Price/Earnings ratio of NE indicates a slightly more expensive valuation: NE is more expensive than 60.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, NE is valued at the same level.
Based on the Price/Forward Earnings ratio of 27.65, the valuation of NE can be described as expensive.
NE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NE is more expensive than 60.00% of the companies in the same industry.
NE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.6 | ||
| Fwd PE | 27.65 |
4.2 Price Multiples
NE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NE is cheaper than 76.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NE is valued a bit cheaper than the industry average as 68.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.27 | ||
| EV/EBITDA | 5.11 |
4.3 Compensation for Growth
The decent profitability rating of NE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-31.1%
EPS Next 3Y-0.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.95%, NE is a good candidate for dividend investing.
NE's Dividend Yield is rather good when compared to the industry average which is at 2.91. NE pays more dividend than 96.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, NE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.95% |
5.2 History
The dividend of NE is nicely growing with an annual growth rate of 7.43%!
NE has been paying a dividend for over 5 years, so it has already some track record.
NE has decreased its dividend recently.
Dividend Growth(5Y)7.43%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
141.19% of the earnings are spent on dividend by NE. This is not a sustainable payout ratio.
The Dividend Rate of NE has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP141.19%
EPS Next 2Y-31.1%
EPS Next 3Y-0.37%
30.32
+0.65 (+2.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change0%
Ins Owners1.85%
Ins Owner Change-0.08%
Market Cap4.82B
Revenue(TTM)3.45B
Net Income(TTM)226.73M
Analysts79.05
Price Target33.05 (9%)
Short Float %10.28%
Short Ratio4.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.95% |
Yearly Dividend1.85
Dividend Growth(5Y)7.43%
DP141.19%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-57.57%
Min EPS beat(2)-76.25%
Max EPS beat(2)-38.88%
EPS beat(4)0
Avg EPS beat(4)-42.19%
Min EPS beat(4)-76.25%
Max EPS beat(4)-13.94%
EPS beat(8)1
Avg EPS beat(8)-29.61%
EPS beat(12)3
Avg EPS beat(12)-22.16%
EPS beat(16)4
Avg EPS beat(16)-466.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.35%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)-0.03%
Revenue beat(4)1
Avg Revenue beat(4)-0.17%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)3.06%
Revenue beat(8)5
Avg Revenue beat(8)2.12%
Revenue beat(12)9
Avg Revenue beat(12)4.06%
Revenue beat(16)10
Avg Revenue beat(16)1.43%
PT rev (1m)-0.31%
PT rev (3m)1.83%
EPS NQ rev (1m)-11.25%
EPS NQ rev (3m)-8.03%
EPS NY rev (1m)-8.15%
EPS NY rev (3m)-35.48%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)-4.15%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)-0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.6 | ||
| Fwd PE | 27.65 | ||
| P/S | 1.4 | ||
| P/FCF | 12.27 | ||
| P/OCF | 5.35 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 5.11 |
EPS(TTM)1.14
EY3.76%
EPS(NY)1.1
Fwd EY3.62%
FCF(TTM)2.47
FCFY8.15%
OCF(TTM)5.67
OCFY18.71%
SpS21.71
BVpS28.55
TBVpS28.55
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 5% | ||
| ROCE | 9.28% | ||
| ROIC | 7.33% | ||
| ROICexc | 7.88% | ||
| ROICexgc | 7.88% | ||
| OM | 18.45% | ||
| PM (TTM) | 6.57% | ||
| GM | 39.14% | ||
| FCFM | 11.38% |
ROA(3y)5.89%
ROA(5y)-11.73%
ROE(3y)8.87%
ROE(5y)N/A
ROIC(3y)7.22%
ROIC(5y)N/A
ROICexc(3y)7.73%
ROICexc(5y)N/A
ROICexgc(3y)7.76%
ROICexgc(5y)N/A
ROCE(3y)9.13%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-29.33%
PM growth 5YN/A
GM growth 3Y50.54%
GM growth 5Y-0.65%
F-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.04 | ||
| Debt/EBITDA | 1.63 | ||
| Cap/Depr | 87.85% | ||
| Cap/Sales | 14.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.13% | ||
| Profit Quality | 173.04% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 1.78 |
F-Score6
WACC8.34%
ROIC/WACC0.88
Cap/Depr(3y)129.61%
Cap/Depr(5y)106.63%
Cap/Sales(3y)15.65%
Cap/Sales(5y)16.47%
Profit Quality(3y)38.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.73%
EPS 3Y-17.18%
EPS 5YN/A
EPS Q2Q%-67.24%
EPS Next Y-56.99%
EPS Next 2Y-31.1%
EPS Next 3Y-0.37%
EPS Next 5YN/A
Revenue 1Y (TTM)24.34%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%-0.32%
Revenue Next Year8.68%
Revenue Next 2Y1.88%
Revenue Next 3Y4.36%
Revenue Next 5YN/A
EBIT growth 1Y0.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year71.97%
EBIT Next 3Y25.55%
EBIT Next 5YN/A
FCF growth 1Y214.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y96.66%
OCF growth 3Y373.66%
OCF growth 5Y28.54%
NOBLE CORP PLC / NE FAQ
Can you provide the ChartMill fundamental rating for NOBLE CORP PLC?
ChartMill assigns a fundamental rating of 4 / 10 to NE.
Can you provide the valuation status for NOBLE CORP PLC?
ChartMill assigns a valuation rating of 3 / 10 to NOBLE CORP PLC (NE). This can be considered as Overvalued.
Can you provide the profitability details for NOBLE CORP PLC?
NOBLE CORP PLC (NE) has a profitability rating of 6 / 10.
Can you provide the financial health for NE stock?
The financial health rating of NOBLE CORP PLC (NE) is 3 / 10.
What is the expected EPS growth for NOBLE CORP PLC (NE) stock?
The Earnings per Share (EPS) of NOBLE CORP PLC (NE) is expected to decline by -56.99% in the next year.