DB:NB6

Stock Analysis Report

Executive Summary

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide.

Snowflake

Fundamentals

Reasonable growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Noble Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

NB6

8.4%

DE Oil and Gas

4.4%

DE Market


1 Year Return

-32.1%

NB6

46.0%

DE Oil and Gas

1.6%

DE Market

Return vs Industry: NB6 underperformed the German Oil and Gas industry which returned 46% over the past year.

Return vs Market: NB6 underperformed the German Market which returned 1.6% over the past year.


Shareholder returns

NB6IndustryMarket
7 Day2.8%8.4%4.4%
30 Day-17.8%8.4%0.8%
90 Day-1.6%9.6%2.3%
1 Year-30.7%-32.1%50.7%46.0%4.8%1.6%
3 Year-40.2%-42.9%44.4%30.7%18.9%8.6%
5 Year-56.3%-59.5%173.1%130.8%43.7%24.1%

Price Volatility Vs. Market

How volatile is Noble Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Noble Energy undervalued compared to its fair value and its price relative to the market?

1.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: NB6 (€18.4) is trading above our estimate of fair value (€4.64)

Significantly Undervalued: NB6 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NB6 is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NB6 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate NB6's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NB6 is good value based on its PB Ratio (1.1x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Noble Energy forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

59.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NB6 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: NB6 is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: NB6's loss is forecast to worsen by 0% next year.

Revenue vs Market: NB6's revenue (10.3% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: NB6's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: NB6's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has Noble Energy performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NB6 is unprofitable, and losses have increased over the past 5 years at a rate of -12.9% per year.

Accelerating Growth: Unable to compare NB6's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NB6 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (10%).


Return on Equity

High ROE: NB6 has a negative Return on Equity (-8.18%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NB6 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NB6 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Noble Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NB6's short term assets ($1.4B) do not cover its short term liabilities ($2.3B)

Long Term Liabilities: NB6's short term assets (1.4B) do not cover its long term liabilities (9.1B)


Debt to Equity History and Analysis

Debt Level: NB6's debt to equity ratio (68%) is considered high

Reducing Debt: NB6's debt to equity ratio has increased from 50.9% to 68% over the past 5 years.


Balance Sheet

Inventory Level: NB6 has a high level of physical assets or inventory.

Debt Coverage by Assets: NB6's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NB6 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NB6 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Noble Energy's current dividend yield, its reliability and sustainability?

2.29%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.4%markettop25%3.8%industryaverage5.9%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: NB6's dividend (2.29%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: NB6's dividend (2.29%) is low compared to the top 25% of dividend payers in the German market (3.85%).

Stable Dividend: NB6's dividend payments have been volatile in the past 10 years.

Growing Dividend: NB6's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: NB6 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NB6's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

What is the CEO of Noble Energy's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Dave Stover (61yo)

5yrs

Tenure

US$11,213,168

Compensation

Mr. David L. Stover, also known as Dave, has been the Chairman of Noble Energy, Inc., since April 2015 and has been its Chief Executive Officer since October 21, 2014. He served as President at Noble Energ ...


CEO Compensation Analysis

Compensation vs. Market: Dave's total compensation ($USD11.21M) is about average for companies of similar size in the German market ($USD4.48M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.5yrs

Average Tenure

58yo

Average Age

Experienced Management: NB6's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

65yo

Average Age

Experienced Board: NB6's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$188,14706 Mar 19
James Craddock
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,000
Max PriceUS$20.91

Ownership Breakdown


Management Team

  • Dave Stover (61yo)

    Chairman & CEO

    • Tenure: 5yrs
    • Compensation: US$11.21m
  • Kenneth Fisher (57yo)

    Executive VP & CFO

    • Tenure: 9.9yrs
    • Compensation: US$4.39m
  • Brent Smolik (57yo)

    President & COO

    • Tenure: 0.9yrs
    • Compensation: US$4.65m
  • Rachel Clingman

    Senior VP

    • Tenure: 1.4yrs
    • Compensation: US$2.39m
  • Brad Whitmarsh

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Dustin Hatley (52yo)

    VP, Chief Accounting Officer & Controller

    • Tenure: 7.7yrs
  • John Elliott (61yo)

    Senior Vice President of Offshore

    • Tenure: 6.5yrs
    • Compensation: US$2.61m
  • Terry Gerhart (59yo)

    Senior Vice President of Midstream

    • Tenure: 4yrs
  • Ben Dillon

    Vice President of Communications & Government Relations

    • Tenure: 0yrs
  • Chris Michel

    Senior VP of Human Resources

    • Tenure: 0.3yrs

Board Members

  • Thomas Edelman (68yo)

    Independent Director

    • Tenure: 14.4yrs
    • Compensation: US$315.32k
  • William Van Kleef (67yo)

    Independent Director

    • Tenure: 13.9yrs
    • Compensation: US$333.32k
  • MIke Cawley (71yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$348.32k
  • Jeffrey Berenson (68yo)

    Independent Director

    • Tenure: 14.4yrs
    • Compensation: US$308.32k
  • Barbara Duganier (60yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$309.58k
  • Dave Stover (61yo)

    Chairman & CEO

    • Tenure: 5yrs
    • Compensation: US$11.21m
  • Holli Ladhani (48yo)

    Director

    • Tenure: 2yrs
    • Compensation: US$291.98k
  • Jim Craddock (60yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$325.32k
  • Scott Urban (65yo)

    Lead Independent Director

    • Tenure: 0.5yrs
    • Compensation: US$329.32k

Company Information

Noble Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Energy, Inc.
  • Ticker: NB6
  • Exchange: DB
  • Founded: 1932
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$9.779b
  • Listing Market Cap: US$8.861b
  • Shares outstanding: 478.44m
  • Website: https://www.nblenergy.com

Number of Employees


Location

  • Noble Energy, Inc.
  • 1001 Noble Energy Way
  • Houston
  • Texas
  • 77070
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBLNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
NB6DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
0K8ELSE (London Stock Exchange)YesCommon StockGBUSDDec 1972

Biography

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, opera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:10
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.