Noble Corporation plc

CPSE:NOBLE Stock Report

Market Cap: DKK 35.2b

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Noble Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 NOBLE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NOBLE (DKK220) is trading below our estimate of fair value (DKK942.31)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NOBLE. This is calculated by dividing NOBLE's market cap by their current earnings.
What is NOBLE's PE Ratio?
PE Ratio9.7x
EarningsUS$501.41m
Market CapUS$4.95b

Price to Earnings Ratio vs Peers

How does NOBLE's PE Ratio compare to its peers?

The above table shows the PE ratio for NOBLE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
TRMD A TORM
2.7x-29.4%DKK 14.2b
2382 ADES Holding
25x15.5%ر.س19.1b
HP Helmerich & Payne
9.6x-4.1%US$3.3b
2883 China Oilfield Services
10.3x23.5%HK$61.8b
NOBLE Noble
9.7x18.9%DKK 5.0b

Price-To-Earnings vs Peers: NOBLE is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NOBLE 9.7xIndustry Avg. 9.0xNo. of Companies7PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NOBLE is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the European Energy Services industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is NOBLE'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.

NOBLE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NOBLE's Price-To-Earnings Fair Ratio for valuation analysis.

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 NOBLE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 312.30
0%
16.8%DKK 452.38DKK 261.53n/a11
Dec ’25DKK 235.50
DKK 320.49
+36.1%
16.0%DKK 451.79DKK 268.25n/a10
Nov ’25DKK 215.50
DKK 336.56
+56.2%
18.6%DKK 461.14DKK 268.42n/a10
Oct ’25DKK 244.00
DKK 364.51
+49.4%
14.2%DKK 447.75DKK 260.63n/a11
Sep ’25DKK 257.50
DKK 390.82
+51.8%
8.8%DKK 452.17DKK 317.19n/a11
Aug ’25DKK 315.50
DKK 402.02
+27.4%
8.8%DKK 460.07DKK 322.74n/a11
Jul ’25DKK 306.00
DKK 406.99
+33.0%
8.1%DKK 464.32DKK 339.58n/a11
Jun ’25DKK 315.00
DKK 412.57
+31.0%
7.5%DKK 463.51DKK 338.98n/a11
May ’25DKK 308.50
DKK 417.85
+35.4%
6.4%DKK 451.79DKK 354.48n/a12
Apr ’25DKK 329.00
DKK 409.71
+24.5%
9.5%DKK 447.24DKK 302.75n/a11
Mar ’25DKK 299.50
DKK 410.30
+37.0%
9.5%DKK 446.52DKK 302.26n/a11
Feb ’25DKK 300.00
DKK 413.50
+37.8%
6.5%DKK 442.60DKK 354.08n/a11
Jan ’25DKK 326.50
DKK 414.19
+26.9%
7.6%DKK 473.89DKK 352.03n/a11
Dec ’24DKK 318.00
DKK 422.80
+33.0%
7.4%DKK 479.67DKK 356.33DKK 235.5010
Nov ’24DKK 349.00
DKK 440.58
+26.2%
7.0%DKK 508.57DKK 409.68DKK 215.508
Oct ’24DKK 353.50
DKK 432.45
+22.3%
6.9%DKK 502.20DKK 404.55DKK 244.008
Sep ’24DKK 374.00
DKK 416.10
+11.3%
8.8%DKK 490.13DKK 353.98DKK 257.508
Aug ’24DKK 346.50
DKK 383.40
+10.7%
8.3%DKK 439.16DKK 343.09DKK 315.508
Jul ’24DKK 277.50
DKK 370.01
+33.3%
6.8%DKK 405.76DKK 338.13DKK 306.007
Jun ’24DKK 273.50
DKK 370.01
+35.3%
6.8%DKK 405.76DKK 338.13DKK 315.007
May ’24DKK 260.50
DKK 367.78
+41.2%
6.3%DKK 411.19DKK 342.66DKK 308.506
Apr ’24DKK 268.00
DKK 367.78
+37.2%
6.3%DKK 411.19DKK 342.66DKK 329.006
Mar ’24DKK 298.50
DKK 380.02
+27.3%
6.9%DKK 422.24DKK 351.87DKK 299.507
Feb ’24DKK 278.50
DKK 357.07
+28.2%
8.3%DKK 410.69DKK 328.55DKK 300.006
Jan ’24DKK 260.50
DKK 382.28
+46.7%
9.1%DKK 437.72DKK 350.18DKK 326.505

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 Analysis2024/12/17 01:23
End of Day Share Price 2024/12/16 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