While growth is established for NYSE:NE, the stock's valuation remains reasonable.

Consider NOBLE CORP PLC (NYSE:NE) as an affordable growth stock, identified by our stock screening tool. NYSE:NE is showcasing impressive growth figures and is well-positioned in terms of profitability, solvency, and liquidity. Moreover, it seems to be priced reasonably. Let's dive deeper into the analysis.

ChartMill's Evaluation of Growth

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:NE has received a 7 out of 10:

• NE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 330.23%, which is quite impressive.
• Looking at the last year, NE shows a very strong growth in Revenue. The Revenue has grown by 157.00%.
• NE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 82.96% yearly.
• NE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.79% yearly.
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Deciphering NYSE:NE's Valuation Rating

ChartMill employs its own Valuation Rating system for all stocks. This score, ranging from 0 to 10, is determined by evaluating different valuation factors, including price to earnings and free cash flow, both in absolute terms and relative to the market and industry. NYSE:NE has earned a 6 for valuation:

• With a Price/Forward Earnings ratio of 7.59, the valuation of NE can be described as very cheap.
• Compared to the rest of the industry, the Price/Forward Earnings ratio of NE indicates a somewhat cheap valuation: NE is cheaper than 73.85% of the companies listed in the same industry.
• NE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.79.
• The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
• NE has a very decent profitability rating, which may justify a higher PE ratio.
• A more expensive valuation may be justified as NE's earnings are expected to grow with 82.96% in the coming years.

Evaluating Health: NYSE:NE

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:NE has earned a 5 out of 10:

• NE has an Altman-Z score of 3.75. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
• NE's Altman-Z score of 3.75 is amongst the best of the industry. NE outperforms 87.69% of its industry peers.
• NE has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
• NE has a Debt to Equity ratio of 0.15. This is in the better half of the industry: NE outperforms 69.23% of its industry peers.
• NE has a better Quick ratio (2.00) than 78.46% of its industry peers.

Evaluating Profitability: NYSE:NE

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:NE, the assigned 6 is a significant indicator of profitability:

• NE's Return On Assets of 8.87% is amongst the best of the industry. NE outperforms 81.54% of its industry peers.
• NE's Return On Equity of 12.19% is fine compared to the rest of the industry. NE outperforms 70.77% of its industry peers.
• The Return On Invested Capital of NE (10.23%) is better than 73.85% of its industry peers.
• With an excellent Profit Margin value of 18.19%, NE belongs to the best of the industry, outperforming 96.92% of the companies in the same industry.
• With an excellent Operating Margin value of 23.96%, NE belongs to the best of the industry, outperforming 93.85% of the companies in the same industry.
• The Gross Margin of NE (40.06%) is better than 78.46% of its industry peers.

More Affordable Growth stocks can be found in our Affordable Growth screener.

Our latest full fundamental report of NE contains the most current fundamental analsysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.