NYSE:NE is showing decent growth, but is still valued reasonably.

Uncover the potential of NOBLE CORP PLC (NYSE:NE), a growth stock that our stock screener found to be reasonably priced. NYSE:NE is excelling in growth aspects, maintaining a healthy financial position, and still offers an attractive valuation. We'll examine each aspect in detail.

What does the Growth looks like for NYSE:NE

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NYSE:NE has achieved a 7 out of 10:

• The Earnings Per Share has grown by an impressive 39.33% over the past year.
• NE shows a strong growth in Revenue. In the last year, the Revenue has grown by 66.76%.
• Based on estimates for the next years, NE will show a very strong growth in Earnings Per Share. The EPS will grow by 58.60% on average per year.
• The Revenue is expected to grow by 25.38% on average over the next years. This is a very strong growth
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Evaluating Valuation: NYSE:NE

To assess a stock's valuation, ChartMill utilizes a Valuation Rating on a scale of 0 to 10. This comprehensive assessment considers various valuation aspects, comparing price to earnings and cash flows, while factoring in profitability and growth. NYSE:NE has achieved a 6 out of 10:

• Compared to an average S&P500 Price/Earnings ratio of 28.60, NE is valued a bit cheaper.
• A Price/Forward Earnings ratio of 8.11 indicates a reasonable valuation of NE.
• Based on the Price/Forward Earnings ratio, NE is valued a bit cheaper than 75.38% of the companies in the same industry.
• The average S&P500 Price/Forward Earnings ratio is at 20.15. NE is valued rather cheaply when compared to this.
• NE's 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.
• NE's earnings are expected to grow with 82.65% in the coming years. This may justify a more expensive valuation.

Understanding NYSE:NE's Health

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 6 out of 10:

• NE has an Altman-Z score of 3.65. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
• NE has a Altman-Z score of 3.65. This is amongst the best in the industry. NE outperforms 83.08% of its industry peers.
• The Debt to FCF ratio of NE is 3.56, which is a good value as it means it would take NE, 3.56 years of fcf income to pay off all of its debts.
• A Debt/Equity ratio of 0.15 indicates that NE is not too dependend on debt financing.
• NE's Debt to Equity ratio of 0.15 is fine compared to the rest of the industry. NE outperforms 72.31% of its industry peers.
• With a decent Quick ratio value of 1.65, NE is doing good in the industry, outperforming 63.08% of the companies in the same industry.

Profitability Assessment of NYSE:NE

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:NE has achieved a 6:

• NE has a better Return On Assets (8.75%) than 80.00% of its industry peers.
• The Return On Equity of NE (12.29%) is better than 63.08% of its industry peers.
• NE has a better Return On Invested Capital (11.53%) than 81.54% of its industry peers.
• With an excellent Profit Margin value of 18.61%, NE belongs to the best of the industry, outperforming 93.85% of the companies in the same industry.
• With an excellent Operating Margin value of 23.77%, NE belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
• NE has a Gross Margin of 40.37%. This is in the better half of the industry: NE outperforms 80.00% of its industry peers.

Our Affordable Growth screener lists more Affordable Growth stocks and is updated daily.

Check the latest full fundamental report of NE for a complete fundamental analysis.

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.