Noble Corporation plc

DB:85V1 Stock Report

Market Cap: €4.4b

Noble Valuation

Is 85V1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 85V1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 85V1 (€27.25) is trading below our estimate of fair value (€118.86)

Significantly Below Fair Value: 85V1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 85V1?

Key metric: As 85V1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 85V1. This is calculated by dividing 85V1's market cap by their current earnings.
What is 85V1's PE Ratio?
PE Ratio9.2x
EarningsUS$501.41m
Market CapUS$4.63b

Price to Earnings Ratio vs Peers

How does 85V1's PE Ratio compare to its peers?

The above table shows the PE ratio for 85V1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.2x
4DS Daldrup & Söhne
22.1x9.2%€48.1m
2382 ADES Holding
24.9x15.7%ر.س19.1b
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
82.4xn/a€1.2b
85V1 Noble
9.2x18.5%€4.6b

Price-To-Earnings vs Peers: 85V1 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (36.2x).

Price to Earnings Ratio vs Industry

How does 85V1's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
85V1 9.2xIndustry Avg. 8.7xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 85V1 is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the European Energy Services industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is 85V1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

85V1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: 85V1 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 85V1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€27.25
€42.17
+54.8%
16.9%€61.73€35.69n/a11
Dec ’25€30.10
€42.97
+42.8%
16.0%€60.58€35.97n/a10
Nov ’25€27.80
€45.12
+62.3%
18.6%€61.83€35.99n/a10
Oct ’25n/a
€48.87
0%
14.2%€60.03€34.94n/a11
Sep ’25€32.55
€52.40
+61.0%
8.8%€60.62€42.53n/a11
Aug ’25€41.55
€53.89
+29.7%
8.8%€61.67€43.26n/a11
Jul ’25€39.55
€54.56
+38.0%
8.1%€62.25€45.53n/a11
Jun ’25€40.00
€55.31
+38.3%
7.5%€62.14€45.44n/a11
May ’25€41.10
€56.04
+36.4%
6.4%€60.59€47.54n/a12
Apr ’25€42.53
€54.94
+29.2%
9.5%€59.97€40.59n/a11
Mar ’25€38.14
€55.04
+44.3%
9.5%€59.90€40.55n/a11
Feb ’25€40.09
€55.44
+38.3%
6.5%€59.35€47.48n/a11
Jan ’25€41.82
€55.55
+32.9%
7.6%€63.56€47.22n/a11
Dec ’24€40.23
€56.73
+41.0%
7.4%€64.37€47.81€30.1010
Nov ’24€42.85
€59.03
+37.7%
7.0%€68.13€54.89€27.808
Oct ’24€46.07
€58.03
+26.0%
6.9%€67.38€54.28n/a8
Sep ’24€47.83
€55.84
+16.8%
8.8%€65.77€47.50€32.558
Aug ’24€45.24
€51.47
+13.8%
8.3%€58.96€46.06€41.558
Jul ’24€34.21
€49.64
+45.1%
6.8%€54.44€45.37€39.557
Jun ’24€33.56
€49.64
+47.9%
6.8%€54.44€45.37€40.007
May ’24€31.79
€49.40
+55.4%
6.3%€55.23€46.03€41.106
Apr ’24€34.07
€49.40
+45.0%
6.3%€55.23€46.03€42.536
Mar ’24€37.23
€51.04
+37.1%
6.9%€56.71€47.26€38.147
Feb ’24€39.56
€48.01
+21.4%
8.3%€55.22€44.17€40.096
Jan ’24€32.34
€51.41
+59.0%
9.1%€58.87€47.09€41.825
Dec ’23€33.86
€51.41
+51.9%
9.1%€58.87€47.09€40.235

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 10:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Noble Corporation plc is covered by 63 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kjetil GarstadArctic Securities ASA
null nullArgus Research Company
Fabrizio SpagnaAxia Financial Research