NOBLE CORP PLC (NE)
GB00BMXNWH07 - Common Stock
Overall NE gets a fundamental rating of 5 out of 10. We evaluated NE against 58 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of NE while its profitability can be described as average. NE is not valued too expensively and it also shows a decent growth rate.
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.
In the past 5 years NE always reported a positive cash flow from operatings.
1.2 Ratios
NE has a better Return On Assets (6.24%) than 62.07% of its industry peers.
NE has a Return On Equity (10.70%) which is in line with its industry peers.
The Return On Invested Capital of NE (8.10%) is better than 60.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 10.7% | ||
| ROIC | 8.1% |
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
The Profit Margin of NE (18.08%) is better than 91.38% of its industry peers.
Looking at the Operating Margin, with a value of 22.86%, NE belongs to the top of the industry, outperforming 87.93% of the companies in the same industry.
Looking at the Gross Margin, with a value of 41.34%, NE belongs to the top of the industry, outperforming 84.48% 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 | 22.86% | ||
| PM (TTM) | 18.08% | ||
| GM | 41.34% |
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 below the Cost of Capital (WACC), so NE is destroying value.
NE has more shares outstanding than it did 1 year ago.
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
Based on the Altman-Z score of 1.63, we must say that NE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.63, NE is doing worse than 65.52% of the companies in the same industry.
The Debt to FCF ratio of NE is 8.77, which is on the high side as it means it would take NE, 8.77 years of fcf income to pay off all of its debts.
NE has a Debt to FCF ratio (8.77) which is in line with its industry peers.
A Debt/Equity ratio of 0.43 indicates that NE is not too dependend on debt financing.
NE has a Debt to Equity ratio (0.43) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 8.77 | ||
| Altman-Z | 1.63 |
ROIC/WACC0.89
WACC9.07%
2.3 Liquidity
A Current Ratio of 1.57 indicates that NE should not have too much problems paying its short term obligations.
NE has a worse Current ratio (1.57) than 63.79% of its industry peers.
A Quick Ratio of 1.57 indicates that NE should not have too much problems paying its short term obligations.
NE has a Quick ratio (1.57) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.68% over the past year.
The Revenue has been growing slightly by 7.97% in the past year.
The Revenue has been growing by 19.05% on average over the past years. This is quite good.
EPS 1Y (TTM)15.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y38.99%
Revenue growth 5Y19.05%
Sales Q2Q%14.78%
3.2 Future
The Earnings Per Share is expected to grow by 35.51% on average over the next years. This is a very strong growth
NE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.17% yearly.
EPS Next Y45.44%
EPS Next 2Y24.78%
EPS Next 3Y35.51%
EPS Next 5YN/A
Revenue Next Year19.92%
Revenue Next 2Y18.2%
Revenue Next 3Y15.17%
Revenue Next 5YN/A
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
NE is valuated correctly with a Price/Earnings ratio of 14.21.
Compared to the rest of the industry, the Price/Earnings ratio of NE indicates a somewhat cheap valuation: NE is cheaper than 63.79% of the companies listed in the same industry.
NE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.18, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.67 indicates a reasonable valuation of NE.
Based on the Price/Forward Earnings ratio, NE is valued a bit cheaper than the industry average as 68.97% of the companies are valued more expensively.
NE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 10.67 |
4.2 Price Multiples
NE's Enterprise Value to EBITDA ratio is in line with the industry average.
NE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.14 | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
NE's 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 35.51% in the coming years.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y24.78%
EPS Next 3Y35.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.69%, NE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.61, NE pays a better dividend. On top of this NE pays more dividend than 94.83% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, NE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
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
50.77% of the earnings are spent on dividend by NE. This is a bit on the high side, but may be sustainable.
DP50.77%
EPS Next 2Y24.78%
EPS Next 3Y35.51%
NOBLE CORP PLC
NYSE:NE (12/30/2024, 8:04:00 PM)
After market: 30.4 0 (0%)30.4
+0.75 (+2.53%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners63.77%
Inst Owner Change-99.77%
Ins Owners1.64%
Ins Owner Change8.08%
Market Cap4.88B
Analysts82.86
Price Target47.48 (56.18%)
Short Float %8.39%
Short Ratio5.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Dividend Growth(5Y)-14.22%
DP50.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.42%
Min EPS beat(2)-29.22%
Max EPS beat(2)10.37%
EPS beat(4)1
Avg EPS beat(4)-16.8%
Min EPS beat(4)-34.55%
Max EPS beat(4)10.37%
EPS beat(8)3
Avg EPS beat(8)-12.03%
EPS beat(12)4
Avg EPS beat(12)-607.2%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)4.82%
Min Revenue beat(2)3.67%
Max Revenue beat(2)5.98%
Revenue beat(4)4
Avg Revenue beat(4)4.42%
Min Revenue beat(4)3.51%
Max Revenue beat(4)5.98%
Revenue beat(8)8
Avg Revenue beat(8)6.18%
Revenue beat(12)9
Avg Revenue beat(12)1.97%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-5.01%
PT rev (3m)-14.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.27%
EPS NY rev (1m)-9.45%
EPS NY rev (3m)-54.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)22.01%
Revenue NY rev (1m)1.66%
Revenue NY rev (3m)6.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 10.67 | ||
| P/S | 1.76 | ||
| P/FCF | 21.14 | ||
| P/OCF | 6.04 | ||
| P/B | 1.04 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)2.14
EY7.04%
EPS(NY)2.85
Fwd EY9.37%
FCF(TTM)1.44
FCFY4.73%
OCF(TTM)5.03
OCFY16.55%
SpS17.29
BVpS29.21
TBVpS29.2
PEG (NY)0.31
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 10.7% | ||
| ROCE | 8.89% | ||
| ROIC | 8.1% | ||
| ROICexc | 8.57% | ||
| ROICexgc | 8.57% | ||
| OM | 22.86% | ||
| PM (TTM) | 18.08% | ||
| GM | 41.34% | ||
| FCFM | 8.32% |
ROA(3y)9.66%
ROA(5y)-14.56%
ROE(3y)13.48%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.75%
GM growth 5Y1%
F-Score5
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 8.77 | ||
| Debt/EBITDA | 1.99 | ||
| Cap/Depr | 155.59% | ||
| Cap/Sales | 20.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.34% | ||
| Profit Quality | 46% | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 | ||
| Altman-Z | 1.63 |
F-Score5
WACC9.07%
ROIC/WACC0.89
Cap/Depr(3y)119.7%
Cap/Depr(5y)91.99%
Cap/Sales(3y)16.03%
Cap/Sales(5y)16.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
EPS Next Y45.44%
EPS Next 2Y24.78%
EPS Next 3Y35.51%
EPS Next 5YN/A
Revenue 1Y (TTM)7.97%
Revenue growth 3Y38.99%
Revenue growth 5Y19.05%
Sales Q2Q%14.78%
Revenue Next Year19.92%
Revenue Next 2Y18.2%
Revenue Next 3Y15.17%
Revenue Next 5YN/A
EBIT growth 1Y3.01%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year99.81%
EBIT Next 3Y44.75%
EBIT Next 5Y28.24%
FCF growth 1Y2846%
FCF growth 3Y9.85%
FCF growth 5YN/A
OCF growth 1Y487.19%
OCF growth 3Y28.1%
OCF growth 5Y27.29%