NOBLE CORP PLC (NE) Stock Fundamental Analysis
NYSE:NE - GB00BMXNWH07 - Common Stock
28.82 USD
+0.23 (+0.8%)
28.82 USD
0 (0%)
NE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 61 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of NE get a neutral evaluation. Nothing too spectacular is happening here. NE is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
NE had positive earnings in the past year.
NE had a positive operating cash flow in the past year.
Of the past 5 years NE 4 years were profitable.
Each year in the past 5 years NE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.03%, NE is in line with its industry, outperforming 57.38% of the companies in the same industry.
With a Return On Equity value of 6.68%, NE perfoms like the industry average, outperforming 49.18% of the companies in the same industry.
NE's Return On Invested Capital of 8.11% is fine compared to the rest of the industry. NE outperforms 67.21% of its industry peers.
NE had an Average Return On Invested Capital over the past 3 years of 7.22%. This is in line with the industry average of 8.01%.
The last Return On Invested Capital (8.11%) for NE is above the 3 year average (7.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 6.68% | ||
| ROIC | 8.11% |
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
NE has a better Profit Margin (8.95%) than 73.77% of its industry peers.
In the last couple of years the Profit Margin of NE has declined.
The Operating Margin of NE (20.69%) is better than 83.61% of its industry peers.
NE has a better Gross Margin (40.58%) than 81.97% of its industry peers.
NE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.69% | ||
| PM (TTM) | 8.95% | ||
| GM | 40.58% |
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
NE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NE has been increased compared to 1 year ago.
The number of shares outstanding for NE has been reduced compared to 5 years ago.
The debt/assets ratio for NE is higher compared to a year ago.
2.2 Solvency
NE has an Altman-Z score of 1.81. This is not the best score and indicates that NE is in the grey zone with still only limited risk for bankruptcy at the moment.
NE's Altman-Z score of 1.81 is in line compared to the rest of the industry. NE outperforms 52.46% of its industry peers.
The Debt to FCF ratio of NE is 4.82, which is a neutral value as it means it would take NE, 4.82 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.82, NE is in line with its industry, outperforming 45.90% of the companies in the same industry.
NE has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.43, NE is in line with its industry, outperforming 49.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.81 |
ROIC/WACC0.93
WACC8.72%
2.3 Liquidity
NE has a Current Ratio of 1.80. This is a normal value and indicates that NE is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NE (1.80) is comparable to the rest of the industry.
A Quick Ratio of 1.80 indicates that NE should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.80, NE is in the better half of the industry, outperforming 68.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 |
3. Growth
3.1 Past
The earnings per share for NE have decreased strongly by -37.04% in the last year.
NE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.18% yearly.
NE shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.23%.
Measured over the past years, NE shows a quite strong growth in Revenue. The Revenue has been growing by 18.56% on average per year.
EPS 1Y (TTM)-37.04%
EPS 3Y-17.18%
EPS 5YN/A
EPS Q2Q%-81.94%
Revenue 1Y (TTM)29.23%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%22.54%
3.2 Future
Based on estimates for the next years, NE will show a decrease in Earnings Per Share. The EPS will decrease by -1.30% on average per year.
The Revenue is expected to grow by 4.65% on average over the next years.
EPS Next Y-37.97%
EPS Next 2Y-15.34%
EPS Next 3Y-1.3%
EPS Next 5YN/A
Revenue Next Year9.4%
Revenue Next 2Y3.94%
Revenue Next 3Y4.65%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.84, which indicates a rather expensive current valuation of NE.
The rest of the industry has a similar Price/Earnings ratio as NE.
NE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.08.
With a Price/Forward Earnings ratio of 17.41, NE is valued on the expensive side.
62.30% of the companies in the same industry are cheaper than NE, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.72, NE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.84 | ||
| Fwd PE | 17.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NE is valued a bit cheaper than 63.93% of the companies in the same industry.
65.57% of the companies in the same industry are more expensive than NE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.16 | ||
| EV/EBITDA | 4.92 |
4.3 Compensation for Growth
NE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.34%
EPS Next 3Y-1.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.49%, NE is a good candidate for dividend investing.
NE's Dividend Yield is rather good when compared to the industry average which is at 3.44. NE pays more dividend than 95.08% of the companies in the same industry.
NE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.49% |
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.
The dividend of NE decreased recently.
Dividend Growth(5Y)7.43%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
NE pays out 104.25% of its income as dividend. 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.
DP104.25%
EPS Next 2Y-15.34%
EPS Next 3Y-1.3%
28.82
+0.23 (+0.8%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners74.11%
Inst Owner Change0%
Ins Owners1.89%
Ins Owner Change0.04%
Market Cap4.58B
Analysts80
Price Target33.38 (15.82%)
Short Float %8.48%
Short Ratio5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.49% |
Yearly Dividend1.85
Dividend Growth(5Y)7.43%
DP104.25%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-57.97%
Min EPS beat(2)-76.25%
Max EPS beat(2)-39.68%
EPS beat(4)0
Avg EPS beat(4)-40%
Min EPS beat(4)-76.25%
Max EPS beat(4)-13.94%
EPS beat(8)2
Avg EPS beat(8)-24.02%
EPS beat(12)4
Avg EPS beat(12)-16.95%
EPS beat(16)5
Avg EPS beat(16)-457.95%
Revenue beat(2)0
Avg Revenue beat(2)-1.86%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)-1.06%
Revenue beat(4)2
Avg Revenue beat(4)0.75%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)3.67%
Revenue beat(8)6
Avg Revenue beat(8)2.78%
Revenue beat(12)10
Avg Revenue beat(12)4.22%
Revenue beat(16)10
Avg Revenue beat(16)1.18%
PT rev (1m)2.86%
PT rev (3m)0%
EPS NQ rev (1m)10.17%
EPS NQ rev (3m)-15.13%
EPS NY rev (1m)-6.94%
EPS NY rev (3m)-7.43%
Revenue NQ rev (1m)-3.16%
Revenue NQ rev (3m)-7.39%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.84 | ||
| Fwd PE | 17.41 | ||
| P/S | 1.33 | ||
| P/FCF | 11.16 | ||
| P/OCF | 5.04 | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 4.92 |
EPS(TTM)1.53
EY5.31%
EPS(NY)1.66
Fwd EY5.75%
FCF(TTM)2.58
FCFY8.96%
OCF(TTM)5.71
OCFY19.82%
SpS21.73
BVpS29.14
TBVpS29.14
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 6.68% | ||
| ROCE | 10.27% | ||
| ROIC | 8.11% | ||
| ROICexc | 8.53% | ||
| ROICexgc | 8.53% | ||
| OM | 20.69% | ||
| PM (TTM) | 8.95% | ||
| GM | 40.58% | ||
| FCFM | 11.89% |
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
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 3Y-29.33%
PM growth 5YN/A
GM growth 3Y50.54%
GM growth 5Y-0.65%
F-Score5
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.82 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 91.82% | ||
| Cap/Sales | 14.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.28% | ||
| Profit Quality | 132.77% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 | ||
| Altman-Z | 1.81 |
F-Score5
WACC8.72%
ROIC/WACC0.93
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)-37.04%
EPS 3Y-17.18%
EPS 5YN/A
EPS Q2Q%-81.94%
EPS Next Y-37.97%
EPS Next 2Y-15.34%
EPS Next 3Y-1.3%
EPS Next 5YN/A
Revenue 1Y (TTM)29.23%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%22.54%
Revenue Next Year9.4%
Revenue Next 2Y3.94%
Revenue Next 3Y4.65%
Revenue Next 5YN/A
EBIT growth 1Y7.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year71.2%
EBIT Next 3Y24.63%
EBIT Next 5YN/A
FCF growth 1Y219.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y131.03%
OCF growth 3Y373.66%
OCF growth 5Y28.54%