NYSE:NE, a growth stock which is not overvalued.

Our stock screening tool has pinpointed NOBLE CORP PLC (NYSE:NE) as a growth stock that isn't overvalued. NYSE:NE is excelling in various growth indicators while maintaining a solid financial footing. Furthermore, it remains attractively priced. Let's delve into the specifics below.

A Closer Look at Growth for NYSE:NE

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:NE scores 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%.
• NE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.22% yearly.
• Based on estimates for the next years, NE will show a very strong growth in Revenue. The Revenue will grow by 25.16% on average per year.
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Valuation Examination for NYSE:NE

ChartMill assigns a Valuation Rating to every stock. This score ranges from 0 to 10 and evaluates the different valuation aspects and compares the price to earnings and cash flows, while taking into account profitability and growth. NYSE:NE scores a 6 out of 10:

• NE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.86.
• A Price/Forward Earnings ratio of 8.09 indicates a reasonable valuation of NE.
• Based on the Price/Forward Earnings ratio, NE is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
• Compared to an average S&P500 Price/Forward Earnings ratio of 20.69, NE is valued rather cheaply.
• 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.
• NE's earnings are expected to grow with 82.65% in the coming years. This may justify a more expensive valuation.

Health Assessment of 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 3.64. This indicates that NE is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 3.64, NE belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
• 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.
• 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 72.31% of its industry peers.
• The Quick ratio of NE (1.65) is better than 64.62% of its industry peers.

What does the Profitability looks like for 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:

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

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.