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%)
We assign a fundamental rating of 5 out of 10 to NE. 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 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.
In the past year NE had a positive cash flow from operations.
NE had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NE had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.97%, NE perfoms like the industry average, 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.
With a decent Return On Invested Capital value of 7.33%, NE is doing good in the industry, outperforming 67.74% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NE 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
The Profit Margin of NE (6.57%) is better than 66.13% of its industry peers.
NE's Profit Margin has declined in the last couple of years.
NE's Operating Margin of 18.45% is amongst the best of the industry. NE outperforms 80.65% of its industry peers.
The Gross Margin of NE (39.14%) is better than 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.
Compared to 1 year ago, NE has more shares outstanding
The number of shares outstanding for NE has been reduced compared to 5 years ago.
Compared to 1 year ago, NE has a worse debt to assets ratio.
2.2 Solvency
NE has an Altman-Z score of 1.76. 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 (1.76) which is in line with its industry peers.
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.
The Debt to FCF ratio of NE (5.04) is comparable to the rest of the industry.
NE has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
NE has a Debt to Equity ratio (0.44) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | 1.76 |
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.
Looking at the Current ratio, with a value of 1.75, NE is in line with its industry, outperforming 41.94% of the companies in the same 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.
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%.
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
The Earnings Per Share is expected to decrease by -0.52% on average over the next years.
NE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.26% yearly.
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
A Price/Earnings ratio of 25.37 indicates a quite expensive valuation of NE.
NE's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of NE to the average of the S&P500 Index (26.92), we can say NE is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 25.67, the valuation of NE can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NE is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.57. NE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.37 | ||
| Fwd PE | 25.67 |
4.2 Price Multiples
87.10% of the companies in the same industry are more expensive than NE, based on the Enterprise Value to EBITDA ratio.
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 | 5.01 |
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-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
141.19% of the earnings are spent on dividend by NE. 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 | 5.01 |
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 | 1.76 |
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%.