Looking for growth without the hefty price tag? Consider NYSE:NE.

Our stock screener has singled out NOBLE CORP PLC (NYSE:NE) as an attractive growth opportunity. NYSE:NE is demonstrating remarkable growth potential while maintaining strong financial indicators, making it a reasonably priced option. We'll explore this further.

Growth Insights: NYSE:NE

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 39.33%, which is quite impressive.
• Looking at the last year, NE shows a very strong growth in Revenue. The Revenue has grown by 66.76%.
• NE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.22% yearly.
• NE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.16% yearly.
• When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

Deciphering NYSE:NE's Valuation Rating

ChartMill provides a Valuation Rating to every stock, ranging from 0 to 10. This rating assesses various valuation aspects, comparing price to earnings and cash flows, while considering factors like profitability and growth. NYSE:NE boasts a 6 out of 10:

• The average S&P500 Price/Earnings ratio is at 28.16. NE is valued slightly cheaper when compared to this.
• Based on the Price/Forward Earnings ratio of 7.34, 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 80.00% of the companies listed in the same industry.
• The average S&P500 Price/Forward Earnings ratio is at 20.02. NE is valued rather cheaply when compared to this.
• 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.
• NE's earnings are expected to grow with 82.65% in the coming years. This may justify a more expensive valuation.

Assessing Health for NYSE:NE

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:NE, the assigned 6 for health provides valuable insights:

• NE has an Altman-Z score of 3.40. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
• NE's Altman-Z score of 3.40 is fine compared to the rest of the industry. NE outperforms 78.46% of its industry peers.
• NE has a debt to FCF ratio of 3.56. This is a good value and a sign of high solvency as NE would need 3.56 years to pay back of all of its debts.
• A Debt/Equity ratio of 0.15 indicates that NE is not too dependend on debt financing.
• With a decent Debt to Equity ratio value of 0.15, NE is doing good in the industry, outperforming 72.31% of the companies in the same industry.
• NE has a better Quick ratio (1.65) than 64.62% of its industry peers.

What does the Profitability looks like for NYSE:NE

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:NE has earned a 6 out of 10:

• With a decent Return On Assets value of 8.75%, NE is doing good in the industry, outperforming 80.00% of the companies in the same industry.
• The Return On Equity of NE (12.29%) is better than 61.54% of its industry peers.
• With an excellent Return On Invested Capital value of 11.53%, NE belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
• NE's Profit Margin of 18.61% is amongst the best of the industry. NE outperforms 93.85% of its industry peers.
• Looking at the Operating Margin, with a value of 23.77%, NE belongs to the top of the industry, outperforming 89.23% of the companies in the same industry.
• NE has a better Gross Margin (40.37%) than 76.92% 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.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.