NOBLE CORP PLC (NE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NE - GB00BMXNWH07 - Common Stock
32.81 USD
+0.28 (+0.86%)
32.85 USD
+0.04 (+0.12%)
NE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 60 industry peers in the Energy Equipment & Services industry. NE has an average financial health and profitability rating. NE is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NE was profitable.
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
NE has a Return On Assets (2.97%) which is in line with its industry peers.
The Return On Equity of NE (5.00%) is comparable to the rest of the industry.
NE has a Return On Invested Capital of 7.33%. This is in the better half of the industry: NE outperforms 65.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NE is in line with the industry average of 7.48%.
The 3 year average ROIC (7.22%) for NE is below the current ROIC(7.33%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 6.57%, NE is doing good in the industry, outperforming 63.33% of the companies in the same industry.
NE's Profit Margin has declined in the last couple of years.
NE's Operating Margin of 18.45% is fine compared to the rest of the industry. NE outperforms 80.00% of its industry peers.
Looking at the Gross Margin, with a value of 39.14%, NE is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
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
NE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NE has less shares outstanding
The debt/assets ratio for NE is higher compared to a year ago.
2.2 Solvency
NE has an Altman-Z score of 1.88. 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 has a Altman-Z score (1.88) 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.
NE has a Debt to FCF ratio of 5.04. This is comparable to the rest of the industry: NE outperforms 48.33% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that NE is not too dependend on debt financing.
The Debt to Equity ratio of NE (0.44) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.87
WACC8.38%
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 worse Current ratio (1.75) than 60.00% 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.
NE has a Quick ratio of 1.75. This is in the better half of the industry: NE outperforms 65.00% 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.
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.
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
Based on estimates for the next years, NE will show a small growth in Earnings Per Share. The EPS will grow by 3.25% on average per year.
Based on estimates for the next years, NE will show a small growth in Revenue. The Revenue will grow by 4.88% on average per year.
EPS Next Y-64.49%
EPS Next 2Y-31.72%
EPS Next 3Y3.25%
EPS Next 5YN/A
Revenue Next Year8.75%
Revenue Next 2Y1.39%
Revenue Next 3Y4.88%
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
A Price/Earnings ratio of 28.78 indicates a quite expensive valuation of NE.
NE's Price/Earnings is on the same level as the industry average.
NE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 30.46 indicates a quite expensive valuation of NE.
NE's Price/Forward Earnings is on the same level as the industry average.
NE's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.78 | ||
| Fwd PE | 30.46 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NE indicates a somewhat cheap valuation: NE is cheaper than 76.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, NE is valued a bit cheaper than the industry average as 65.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.28 | ||
| EV/EBITDA | 5.52 |
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-31.72%
EPS Next 3Y3.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.10%, NE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.75, NE pays a better dividend. On top of this NE pays more dividend than 96.67% of the companies listed in the same industry.
NE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.1% |
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 of NE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP141.19%
EPS Next 2Y-31.72%
EPS Next 3Y3.25%
32.81
+0.28 (+0.86%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners84.57%
Inst Owner Change0%
Ins Owners1.85%
Ins Owner Change-0.08%
Market Cap5.21B
Revenue(TTM)3.45B
Net Income(TTM)226.73M
Analysts79.05
Price Target33.29 (1.46%)
Short Float %8.87%
Short Ratio5.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.1% |
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)0.73%
PT rev (3m)-1.1%
EPS NQ rev (1m)20.71%
EPS NQ rev (3m)-23.14%
EPS NY rev (1m)-17.43%
EPS NY rev (3m)-42.76%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-3.08%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.78 | ||
| Fwd PE | 30.46 | ||
| P/S | 1.51 | ||
| P/FCF | 13.28 | ||
| P/OCF | 5.79 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 5.52 |
EPS(TTM)1.14
EY3.47%
EPS(NY)1.08
Fwd EY3.28%
FCF(TTM)2.47
FCFY7.53%
OCF(TTM)5.67
OCFY17.28%
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 | 1.88 |
F-Score6
WACC8.38%
ROIC/WACC0.87
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-64.49%
EPS Next 2Y-31.72%
EPS Next 3Y3.25%
EPS Next 5YN/A
Revenue 1Y (TTM)24.34%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%-0.32%
Revenue Next Year8.75%
Revenue Next 2Y1.39%
Revenue Next 3Y4.88%
Revenue Next 5YN/A
EBIT growth 1Y0.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year74.29%
EBIT Next 3Y26.2%
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.
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 4 / 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 -64.49% in the next year.