NOBLE CORP PLC (NE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NE - GB00BMXNWH07 - Common Stock
28.92 USD
-0.94 (-3.15%)
28.83 USD
-0.09 (-0.31%)
Taking everything into account, NE scores 5 out of 10 in our fundamental rating. NE was compared to 62 industry peers in the Energy Equipment & Services industry. NE has only an average score on both its financial health and profitability. 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.
In the past year NE had a positive cash flow from operations.
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 2.97%, NE is in line with its industry, outperforming 51.61% of the companies in the same industry.
The Return On Equity of NE (5.00%) is comparable to the rest of the industry.
NE's Return On Invested Capital of 7.33% is fine compared to the rest of the industry. NE outperforms 67.74% of its industry peers.
NE had an Average Return On Invested Capital over the past 3 years of 7.22%. This is significantly below the industry average of 12.79%.
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
NE has a better Profit Margin (6.57%) than 66.13% of its industry peers.
In the last couple of years the Profit Margin of NE has declined.
With an excellent Operating Margin value of 18.45%, NE belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
NE has a Gross Margin of 39.14%. This is amongst the best in the industry. NE outperforms 80.65% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NE 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 1.79. This is a bad value and indicates that NE is not financially healthy and even has some risk of bankruptcy.
NE has a Altman-Z score (1.79) which is comparable to the rest of the industry.
The Debt to FCF ratio of NE is 5.04, which is a neutral value as it means it would take NE, 5.04 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.04, NE is in line with its industry, outperforming 48.39% of the companies in the same industry.
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 51.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | 1.79 |
ROIC/WACC0.88
WACC8.31%
2.3 Liquidity
NE has a Current 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.
NE has a Current ratio (1.75) which is comparable to the rest of the industry.
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.
NE's Quick ratio of 1.75 is fine compared to the rest of the industry. NE outperforms 66.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
The earnings per share for NE have decreased strongly by -46.73% 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.
Looking at the last year, NE shows a very strong growth in Revenue. The Revenue has grown by 24.34%.
NE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.56% yearly.
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
NE is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.52% yearly.
The Revenue is expected to grow by 3.26% on average over the next years.
EPS Next Y-64.4%
EPS Next 2Y-30.16%
EPS Next 3Y-0.52%
EPS Next 5YN/A
Revenue Next Year8.78%
Revenue Next 2Y0.31%
Revenue Next 3Y3.26%
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.
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
The Price/Earnings ratio is 25.37, which means the current valuation is very expensive for NE.
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 26.92. NE is around the same levels.
A Price/Forward Earnings ratio of 25.67 indicates a quite expensive valuation of NE.
NE's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of NE to the average of the S&P500 Index (23.57), we can say NE is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.37 | ||
| Fwd PE | 25.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NE is valued cheaply inside the industry as 85.48% of the companies are valued more expensively.
77.42% 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 | 11.71 | ||
| EV/EBITDA | 5.14 |
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-30.16%
EPS Next 3Y-0.52%
5. Dividend
5.1 Amount
NE has a Yearly Dividend Yield of 7.08%, which is a nice return.
NE's Dividend Yield is rather good when compared to the industry average which is at 1.29. NE pays more dividend than 96.77% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, NE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
5.2 History
On average, the dividend of NE grows each year by 7.43%, which is quite nice.
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
NE pays out 141.19% of its income as dividend. This is not a sustainable payout ratio.
NE's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP141.19%
EPS Next 2Y-30.16%
EPS Next 3Y-0.52%
28.92
-0.94 (-3.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners84.73%
Inst Owner Change0%
Ins Owners1.85%
Ins Owner Change-0.08%
Market Cap4.59B
Revenue(TTM)3.45B
Net Income(TTM)226.73M
Analysts79.05
Price Target33.29 (15.11%)
Short Float %9.58%
Short Ratio7.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
Yearly Dividend1.85
Dividend Growth(5Y)7.43%
DP141.19%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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%
PT rev (3m)-1.1%
EPS NQ rev (1m)30.72%
EPS NQ rev (3m)0.47%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-23.97%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)-2.87%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.37 | ||
| Fwd PE | 25.67 | ||
| P/S | 1.33 | ||
| P/FCF | 11.71 | ||
| P/OCF | 5.1 | ||
| P/B | 1.01 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 5.14 |
EPS(TTM)1.14
EY3.94%
EPS(NY)1.13
Fwd EY3.9%
FCF(TTM)2.47
FCFY8.54%
OCF(TTM)5.67
OCFY19.61%
SpS21.71
BVpS28.54
TBVpS28.54
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 | 1.79 |
F-Score6
WACC8.31%
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-64.4%
EPS Next 2Y-30.16%
EPS Next 3Y-0.52%
EPS Next 5YN/A
Revenue 1Y (TTM)24.34%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%-0.32%
Revenue Next Year8.78%
Revenue Next 2Y0.31%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
EBIT growth 1Y0.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year74.6%
EBIT Next 3Y23.56%
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 5 / 10 to NE.
What is the valuation status of NOBLE CORP PLC (NE) stock?
ChartMill assigns a valuation rating of 4 / 10 to NOBLE CORP PLC (NE). This can be considered as Fairly Valued.
How profitable is NOBLE CORP PLC (NE) stock?
NOBLE CORP PLC (NE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of NOBLE CORP PLC (NE) stock?
The Price/Earnings (PE) ratio for NOBLE CORP PLC (NE) is 25.37 and the Price/Book (PB) ratio is 1.01.
Is the dividend of NOBLE CORP PLC sustainable?
The dividend rating of NOBLE CORP PLC (NE) is 5 / 10 and the dividend payout ratio is 141.19%.