NOBLE CORP PLC (NE)
GB00BMXNWH07 - Common Stock
NE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 59 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of NE get a neutral evaluation. Nothing too spectacular is happening here. NE is valued quite cheap, while showing a decent growth score. This is a good combination! This makes NE very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year NE was profitable.
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 (10.71%) than 86.44% of its industry peers.
NE's Return On Equity of 15.02% is fine compared to the rest of the industry. NE outperforms 71.19% of its industry peers.
NE has a better Return On Invested Capital (12.26%) than 81.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.71% | ||
| ROE | 15.02% | ||
| ROIC | 12.26% |
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
NE's Profit Margin of 22.41% is amongst the best of the industry. NE outperforms 94.92% of its industry peers.
NE's Operating Margin of 24.93% is amongst the best of the industry. NE outperforms 91.53% of its industry peers.
With an excellent Gross Margin value of 42.50%, NE belongs to the best of the industry, outperforming 84.75% of the companies in the same industry.
NE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.93% | ||
| PM (TTM) | 22.41% | ||
| GM | 42.5% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NE is still creating some value.
Compared to 1 year ago, NE has more shares outstanding
NE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, NE has an improved debt to assets ratio.
2.2 Solvency
NE has an Altman-Z score of 3.30. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.30, NE is doing good in the industry, outperforming 79.66% of the companies in the same industry.
NE has a debt to FCF ratio of 5.49. This is a neutral value as NE would need 5.49 years to pay back of all of its debts.
NE has a Debt to FCF ratio (5.49) which is in line with its industry peers.
A Debt/Equity ratio of 0.16 indicates that NE is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.16, NE is doing good in the industry, outperforming 72.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 5.49 | ||
| Altman-Z | 3.3 |
ROIC/WACC1.43
WACC8.6%
2.3 Liquidity
NE has a Current Ratio of 1.55. 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 (1.55) than 67.80% of its industry peers.
NE has a Quick Ratio of 1.55. 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 Quick ratio, with a value of 1.55, NE is in line with its industry, outperforming 52.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 64.19% over the past year.
Looking at the last year, NE shows a very strong growth in Revenue. The Revenue has grown by 22.66%.
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)64.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%89.47%
Revenue 1Y (TTM)22.66%
Revenue growth 3Y38.99%
Revenue growth 5Y19.05%
Sales Q2Q%8.51%
3.2 Future
The Earnings Per Share is expected to grow by 50.65% on average over the next years. This is a very strong growth
Based on estimates for the next years, NE will show a quite strong growth in Revenue. The Revenue will grow by 13.27% on average per year.
EPS Next Y78.53%
EPS Next 2Y69.05%
EPS Next 3Y50.65%
EPS Next 5YN/A
Revenue Next Year8.79%
Revenue Next 2Y13.95%
Revenue Next 3Y13.27%
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 13.67, the valuation of NE can be described as correct.
74.58% of the companies in the same industry are more expensive than NE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 31.61, NE is valued rather cheaply.
The Price/Forward Earnings ratio is 6.35, which indicates a rather cheap valuation of NE.
86.44% of the companies in the same industry are more expensive than NE, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.63. NE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.67 | ||
| Fwd PE | 6.35 |
4.2 Price Multiples
61.02% of the companies in the same industry are more expensive than NE, based on the Enterprise Value to EBITDA ratio.
62.71% of the companies in the same industry are cheaper than NE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.05 | ||
| EV/EBITDA | 6.28 |
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.
A more expensive valuation may be justified as NE's earnings are expected to grow with 50.65% in the coming years.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y69.05%
EPS Next 3Y50.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.61%, NE is a good candidate for dividend investing.
In the last 3 months the price of NE has falen by -28.25%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
NE's Dividend Yield is rather good when compared to the industry average which is at 3.39. NE pays more dividend than 94.92% of the companies in the same industry.
NE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
5.2 History
The dividend of NE decreases each year by -14.22%.
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)-14.22%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
35.99% of the earnings are spent on dividend by NE. This is a low number and sustainable payout ratio.
DP35.99%
EPS Next 2Y69.05%
EPS Next 3Y50.65%
NOBLE CORP PLC
NYSE:NE (10/15/2024, 8:04:00 PM)
After market: 33.8 +0.58 (+1.75%)33.22
-1.7 (-4.87%)
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 Cap5.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 13.67 | ||
| Fwd PE | 6.35 | ||
| 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)0.17
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.71% | ||
| ROE | 15.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.93% | ||
| PM (TTM) | 22.41% | ||
| GM | 42.5% | ||
| 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 Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.55 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)64.19%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y78.53%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)22.66%
Revenue growth 3Y38.99%
Revenue growth 5Y
Sales 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