NOBLE CORP PLC (NE)
GB00BMXNWH07 - Common Stock
Taking everything into account, NE scores 6 out of 10 in our fundamental rating. NE was compared to 65 industry peers in the Energy Equipment & Services industry. NE has an average financial health and profitability rating. NE has a decent growth rate and is not valued too expensively.
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.
The reported net income has been mixed in the past 5 years: NE reported negative net income in multiple years.
Each year in the past 5 years NE had a positive operating cash flow.
1.2 Ratios
NE has a better Return On Assets (8.75%) than 78.46% of its industry peers.
With a decent Return On Equity value of 12.29%, NE is doing good in the industry, outperforming 63.08% of the companies in the same industry.
NE's Return On Invested Capital of 11.53% is fine compared to the rest of the industry. NE outperforms 78.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.75% | ||
| ROE | 12.29% | ||
| ROIC | 11.53% |
ROA(3y)9.66%
ROA(5y)-14.56%
ROE(3y)13.48%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 18.61%, NE belongs to the top of the industry, outperforming 93.85% of the companies in the same industry.
NE has a better Operating Margin (23.77%) than 89.23% of its industry peers.
NE has a better Gross Margin (40.37%) than 81.54% of its industry peers.
NE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.77% | ||
| PM (TTM) | 18.61% | ||
| GM | 40.37% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.75%
GM growth 5Y1%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NE is creating some value.
The number of shares outstanding for NE has been increased compared to 1 year ago.
Compared to 5 years ago, NE has less shares outstanding
Compared to 1 year ago, NE has an improved debt to assets ratio.
2.2 Solvency
NE has an Altman-Z score of 3.52. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
NE's Altman-Z score of 3.52 is amongst the best of the industry. NE outperforms 84.62% of its industry peers.
NE has a debt to FCF ratio of 3.56. This is a good value and a sign of high solvency as NE would need 3.56 years to pay back of all of its debts.
The Debt to FCF ratio of NE (3.56) is better than 61.54% of its industry peers.
NE has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
NE has a better Debt to Equity ratio (0.15) than 70.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.56 | ||
| Altman-Z | 3.52 |
ROIC/WACC1.26
WACC9.14%
2.3 Liquidity
NE has a Current Ratio of 1.65. 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 (1.65) is worse than 63.08% of its industry peers.
A Quick Ratio of 1.65 indicates that NE should not have too much problems paying its short term obligations.
The Quick ratio of NE (1.65) is better than 63.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 53.78% over the past year.
The Revenue has grown by 83.12% in the past year. This is a very strong growth!
NE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.05% yearly.
EPS 1Y (TTM)53.78%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-4.88%
Revenue 1Y (TTM)83.12%
Revenue growth 3Y38.99%
Revenue growth 5Y19.05%
Revenue growth Q2Q3.27%
3.2 Future
NE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.99% yearly.
NE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.17% yearly.
EPS Next Y105.39%
EPS Next 2Y59.06%
EPS Next 3Y37.99%
EPS Next 5YN/A
Revenue Next Year25.24%
Revenue Next 2Y17.02%
Revenue Next 3Y13.17%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.27, the valuation of NE can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of NE is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.20. NE is around the same levels.
The Price/Forward Earnings ratio is 7.86, which indicates a rather cheap valuation of NE.
Based on the Price/Forward Earnings ratio, NE is valued cheaper than 89.23% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.63. NE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.27 | ||
| Fwd PE | 7.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NE is on the same level as its industry peers.
NE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.09 | ||
| EV/EBITDA | 7.33 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of NE may justify a higher PE ratio.
NE's earnings are expected to grow with 37.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y59.06%
EPS Next 3Y37.99%
5. Dividend
5.1 Amount
NE has a Yearly Dividend Yield of 3.54%.
Compared to an average industry Dividend Yield of 3.25, NE pays a better dividend. On top of this NE pays more dividend than 92.31% of the companies listed in the same industry.
NE's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.54% |
5.2 History
NE has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
20.50% of the earnings are spent on dividend by NE. This is a low number and sustainable payout ratio.
DP20.5%
EPS Next 2Y59.06%
EPS Next 3Y37.99%
NOBLE CORP PLC
NYSE:NE (4/26/2024, 2:30:01 PM)
46.25
+0.79 (+1.74%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.60B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.54% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.27 | ||
| Fwd PE | 7.86 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.75% | ||
| ROE | 12.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.77% | ||
| PM (TTM) | 18.61% | ||
| GM | 40.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)53.78%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y105.39%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)83.12%
Revenue growth 3Y38.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y