NOBLE CORP PLC (NE) Stock Fundamental Analysis
USA - NYSE:NE - GB00BMXNWH07 - Common Stock
27.48 USD
+0.03 (+0.11%)
27.9076 USD
+0.43 (+1.56%)
Overall NE gets a fundamental rating of 5 out of 10. We evaluated NE against 61 industry peers in the Energy Equipment & Services industry. NE has an average financial health and profitability rating. NE has a correct valuation and a medium 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.
NE had positive earnings in 4 of the past 5 years.
In the past 5 years NE always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.03%, NE is in line with its industry, outperforming 59.02% of the companies in the same industry.
With a Return On Equity value of 6.68%, NE perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
NE has a Return On Invested Capital of 8.11%. This is in the better half of the industry: NE outperforms 67.21% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NE is in line with the industry average of 8.04%.
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
With a decent Profit Margin value of 8.95%, NE is doing good in the industry, outperforming 75.41% of the companies in the same industry.
In the last couple of years the Profit Margin of NE has declined.
With an excellent Operating Margin value of 20.69%, NE belongs to the best of the industry, outperforming 83.61% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NE is creating some 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.
The debt/assets ratio for NE is higher compared to a year ago.
2.2 Solvency
NE has an Altman-Z score of 1.78. This is a bad value and indicates that NE is not financially healthy and even has some risk of bankruptcy.
NE's Altman-Z score of 1.78 is in line compared to the rest of the industry. NE outperforms 50.82% 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 44.26% of the companies in the same industry.
A Debt/Equity ratio of 0.43 indicates that NE is not too dependend on debt financing.
NE has a Debt to Equity ratio (0.43) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.78 |
ROIC/WACC1.01
WACC8.07%
2.3 Liquidity
A Current Ratio of 1.80 indicates that NE should not have too much problems paying its short term obligations.
The Current ratio of NE (1.80) is worse than 60.66% of its industry peers.
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.
The earnings per share for NE have been decreasing by -17.18% on average. This is quite bad
Looking at the last year, NE shows a very strong growth in Revenue. The Revenue has grown by 29.23%.
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)-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 small growth in Earnings Per Share. The EPS will grow by 2.30% on average per year.
NE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.66% yearly.
EPS Next Y-53.18%
EPS Next 2Y-18.22%
EPS Next 3Y2.3%
EPS Next 5YN/A
Revenue Next Year8.42%
Revenue Next 2Y2.51%
Revenue Next 3Y4.66%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 17.96, the valuation of NE can be described as rather expensive.
NE's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.40. NE is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 17.79, NE is valued on the expensive side.
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 22.94. NE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 17.79 |
4.2 Price Multiples
NE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NE is cheaper than 68.85% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NE is valued a bit cheaper than the industry average as 63.93% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.64 | ||
| EV/EBITDA | 4.78 |
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-18.22%
EPS Next 3Y2.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.29%, NE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.22, NE pays a better dividend. On top of this NE pays more dividend than 96.72% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, NE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
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.
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.
NE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP104.25%
EPS Next 2Y-18.22%
EPS Next 3Y2.3%
27.48
+0.03 (+0.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change0%
Ins Owners1.85%
Ins Owner Change-0.06%
Market Cap4.36B
Analysts80
Price Target33.15 (20.63%)
Short Float %9.21%
Short Ratio4.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
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)-1.52%
PT rev (3m)-0.97%
EPS NQ rev (1m)-10.96%
EPS NQ rev (3m)-4.38%
EPS NY rev (1m)0%
EPS NY rev (3m)-29.76%
Revenue NQ rev (1m)-1.32%
Revenue NQ rev (3m)-4.73%
Revenue NY rev (1m)-0.77%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 17.79 | ||
| P/S | 1.26 | ||
| P/FCF | 10.64 | ||
| P/OCF | 4.81 | ||
| P/B | 0.94 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 4.78 |
EPS(TTM)1.53
EY5.57%
EPS(NY)1.54
Fwd EY5.62%
FCF(TTM)2.58
FCFY9.4%
OCF(TTM)5.71
OCFY20.79%
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 | 1.78 |
F-Score5
WACC8.07%
ROIC/WACC1.01
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-53.18%
EPS Next 2Y-18.22%
EPS Next 3Y2.3%
EPS Next 5YN/A
Revenue 1Y (TTM)29.23%
Revenue growth 3Y53.36%
Revenue growth 5Y18.56%
Sales Q2Q%22.54%
Revenue Next Year8.42%
Revenue Next 2Y2.51%
Revenue Next 3Y4.66%
Revenue Next 5YN/A
EBIT growth 1Y7.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year72.9%
EBIT Next 3Y25.25%
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%