Announcement • Jun 17
NOV Inc. to Report Q2, 2026 Results on Jul 28, 2026 NOV Inc. announced that they will report Q2, 2026 results After-Market on Jul 28, 2026 Announcement • Apr 29
NOV Inc. Provides Earnings Guidance for the Second Quarter of 2026 NOV Inc. provided earnings guidance for the second quarter of 2026. For the quarter, the company expects year-over-year consolidated revenues to decline between 4% to 6%. Announcement • Apr 16
Nov Inc. Provides Consolidated Earnings Guidance for the First Quarter 2026 NOV Inc. provided consolidated earnings guidance for the first quarter 2026. For the quarter, the company expects revenue to be $2.05 billion, operating profit of $47 million. The operational disruptions resulting from the war in the Middle East will cause first quarter 2026 revenue and earnings to be below prior guidance. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$16.00, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 15x in the Energy Services industry in Europe. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$24.04 per share. Announcement • Apr 10
NOV Inc., Annual General Meeting, May 20, 2026 NOV Inc., Annual General Meeting, May 20, 2026. Location: 10353 richmond avenue, texas 77042, houston United States Buy Or Sell Opportunity • Apr 08
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to US$16.00. The fair value is estimated to be US$24.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sanjay Chowbey was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$16.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 6x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$23.39 per share. Announcement • Mar 18
NOV Inc. Appoints Sanjay Chowbey to the Board of Directors, Effective March 17, 2026 NOV Inc. announced that Sanjay Chowbey has been appointed to the Company’s Board of Directors, effective March 17, 2026. Mr. Chowbey has more than 20 years of experience leading global manufacturing and industrial technology businesses, including in his current role as the President and Chief Executive Officer of Kennametal Inc., a global manufacturer of advanced tooling, wear-resistant materials, and engineered components. Mr. Chowbey also serves on Kennametal Inc.’s board of directors. Prior to his current role, Mr. Chowbey served as the President of Kennametal Inc.’s Metal Cutting segment. Before his time at Kennametal Inc., Mr. Chowbey served in various roles of increasing seniority across several prominent global industrial companies, including as the President of Flowserve Corporation’s Services and Solutions business, as well as roles with Danaher Corporation and Arvin Meritor Inc. Mr. Chowbey is also a member of the Board of Directors for the National Association of Manufacturers (NAM). Mr. Chowbey earned a Bachelor of Science in Mechanical Engineering from B.I.T. in Sindri, India, a Master of Science in Mechanical Engineering from the Tennessee Technological University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University. Mr. Chowbey will serve on NOV Inc.’s Audit Committee upon his appointment to the Board. With the appointment of Mr. Chowbey, the Board is composed of nine directors, eight of whom are independent members. Announcement • Mar 17
NOV Inc. to Report Q1, 2026 Results on Apr 27, 2026 NOV Inc. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$16.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$24.97 per share. Recent Insider Transactions • Mar 04
Senior VP recently sold US$399k worth of stock On the 23rd of February, Craig Weinstock sold around 20k shares on-market at roughly US$19.94 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$613k more than they sold in the last 12 months. Declared Dividend • Mar 01
Dividend of US$0.09 announced Shareholders will receive a dividend of US$0.09. Ex-date: 13th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 27
Now 31% undervalued Over the last 90 days, the stock has risen 3.9% to US$16.00. The fair value is estimated to be US$23.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$16.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$23.26 per share. New Risk • Feb 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Buy Or Sell Opportunity • Feb 12
Now 33% undervalued Over the last 90 days, the stock has risen 2.0% to US$16.00. The fair value is estimated to be US$23.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Feb 06
NOV Inc. Provides Earnings Guidance for the First Quarter of 2026 NOV Inc. provided earnings guidance for the first quarter of 2026. For the period, the company expects year-over-year consolidated revenues to decline between 1% to 3%. Reported Earnings • Feb 05
Full year 2025 earnings released: EPS: US$0.39 (vs US$1.62 in FY 2024) Full year 2025 results: EPS: US$0.39 (down from US$1.62 in FY 2024). Revenue: US$8.74b (down 1.4% from FY 2024). Net income: US$145.0m (down 77% from FY 2024). Profit margin: 1.7% (down from 7.2% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$16.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$31.90 per share. Announcement • Jan 07
NOV Inc. to Report Q4, 2025 Results on Feb 04, 2026 NOV Inc. announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Recent Insider Transactions • Nov 26
Independent Director recently bought US$1.0m worth of stock On the 21st of November, Christian Kendall bought around 70k shares on-market at roughly US$14.46 per share. This transaction increased Christian's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • Nov 24
Dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 5th December 2025 Payment date: 19th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: US$0.11 (vs US$0.33 in 3Q 2024) Third quarter 2025 results: EPS: US$0.11 (down from US$0.33 in 3Q 2024). Revenue: US$2.18b (flat on 3Q 2024). Net income: US$42.0m (down 68% from 3Q 2024). Profit margin: 1.9% (down from 5.9% in 3Q 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$16.00, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$24.76 per share. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$16.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$25.11 per share. Announcement • Sep 29
NOV Inc. to Report Q3, 2025 Results on Oct 27, 2025 NOV Inc. announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$16.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$25.36 per share. Upcoming Dividend • Sep 05
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$16.00, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$25.86 per share. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to US$16.00, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$27.04 per share. Declared Dividend • Aug 17
Dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 12th September 2025 Payment date: 26th September 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 7.0% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 14
Nov Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on September 26, 2025 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 26, 2025 to each stockholder of record on September 12, 2025. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$16.00, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$31.61 per share. Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: US$0.29 (vs US$0.57 in 2Q 2024) Second quarter 2025 results: EPS: US$0.29 (down from US$0.57 in 2Q 2024). Revenue: US$2.19b (down 1.3% from 2Q 2024). Net income: US$108.0m (down 52% from 2Q 2024). Profit margin: 4.9% (down from 10% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$16.00, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 12x in the Energy Services industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$29.96 per share. Announcement • Jun 27
NOV Inc. to Report Q2, 2025 Results on Jul 28, 2025 NOV Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$16.00, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to US$16.00, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$31.80 per share. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$16.00, the stock trades at a forward P/E ratio of 10x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 18% over the past three years. Declared Dividend • May 23
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 2nd June 2025 Payment date: 13th June 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 10% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to US$16.00, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 13% over the past three years. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: US$0.19 (vs US$0.30 in 1Q 2024) First quarter 2025 results: EPS: US$0.19 (down from US$0.30 in 1Q 2024). Revenue: US$2.10b (down 2.4% from 1Q 2024). Net income: US$73.0m (down 39% from 1Q 2024). Profit margin: 3.5% (down from 5.5% in 1Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Nov Inc. Provides Earnings Guidance for the Second Quarter of 2025 NOV Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expected year-over-year consolidated revenues to be down 1% to 4%. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to US$16.00, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 12% over the past three years. Announcement • Apr 11
NOV Inc., Annual General Meeting, May 20, 2025 NOV Inc., Annual General Meeting, May 20, 2025. Location: 10353 richmond avenue, tx 77042, houston United States Announcement • Apr 09
Greg L. Armstrong and Eric L. Mattson Do Not Re-Nominate as Directors of NOV Inc After consultation with Mr. Greg L. Armstrong and Mr. Eric L. Mattson, the Nominating/Corporate Governance Committee of NOV Inc. made the decision not to re-nominate Mr. Armstrong or Mr. Mattson as DIRECTORS
at the Annual Meeting due to their future personal schedules and other time commitments. Their terms of office will cease at the 2025 Annual Meeting, absent their earlier death, resignation, or removal. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$11.95, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 39% over the past three years. Announcement • Mar 18
NOV Inc. to Report Q1, 2025 Results on Apr 28, 2025 NOV Inc. announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Upcoming Dividend • Mar 10
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 28 March 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (6.2%). New Risk • Mar 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Declared Dividend • Feb 24
Fourth quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 14th March 2025 Payment date: 28th March 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • Feb 21
NOV Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on March 28, 2025 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on March 28, 2025 to each stockholder of record on March 14, 2025. Announcement • Feb 06
NOV Inc. Provides Earnings Guidance for the First Quarter of 2025 NOV Inc. provided earnings guidance for the first quarter of 2025. For the first quarter of 2025 management expects year-over-year consolidated revenues to be down 1 to 3% with Adjusted EBITDA between $235 million and $265 million. Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: US$1.62 (vs US$2.53 in FY 2023) Full year 2024 results: EPS: US$1.62 (down from US$2.53 in FY 2023). Revenue: US$8.87b (up 3.3% from FY 2023). Net income: US$635.0m (down 36% from FY 2023). Profit margin: 7.2% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 23
NOV Inc. to Report Q4, 2024 Results on Feb 04, 2025 NOV Inc. announced that they will report Q4, 2024 results After-Market on Feb 04, 2025 Announcement • Dec 16
Nov Inc. Appoints Chris Kendall to the Board of Directors NOV Inc. announced that Chris Kendall has been appointed to the company’s Board of Directors, effective December 15, 2024. Mr. Kendall has more than 30 years of experience in the global oil and gas industry, including as a director, President, and Chief Executive Officer of Denbury Inc. prior to its acquisition by Exxon Mobil Corporation in November 2023. Prior to joining Denbury, Mr. Kendall was with Noble Energy, serving as the Senior Vice President, Global Operations Services. During his 14-year tenure at Noble Energy, Mr. Kendall held several international and domestic leadership roles, primarily in the Eastern Mediterranean, Latin America, and the Gulf of Mexico regions. Mr. Kendall began his energy career at Mobil Corporation in 1989. He received a Bachelor of Science in Engineering, Civil Specialty from the Colorado School of Mines and graduated from Harvard Business School’s Advanced Management Program. Mr. Kendall currently serves as a director of California Resources Corporation, chair of its Nominating & Corporate Governance Committee, and member of its Audit Committee. He also serves as a director of Carbon TerraVault, a subsidiary of California Resources Corporation. Mr. Kendall will serve on NOV Inc.’s Audit Committee upon his appointment to the board. With the appointment of Mr. Kendall, NOV Inc.’s board of directors is now composed of eleven directors, ten of whom are independent members. Upcoming Dividend • Dec 02
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 06 December 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.1%). Declared Dividend • Nov 18
Third quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 6th December 2024 Payment date: 20th December 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range. Announcement • Nov 14
NOV Inc. Declares Regular Quarterly Dividend, Payable on December 20, 2024 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on December 20, 2024 to each stockholder of record on December 6, 2024. Recent Insider Transactions • Nov 11
President of Energy Equipment recently sold US$1.2m worth of stock On the 7th of November, Joseph Rovig sold around 73k shares on-market at roughly US$16.40 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.9m more than they bought in the last 12 months. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.29 in 3Q 2023) Third quarter 2024 results: EPS: US$0.33 (up from US$0.29 in 3Q 2023). Revenue: US$2.19b (flat on 3Q 2023). Net income: US$130.0m (up 14% from 3Q 2023). Profit margin: 5.9% (up from 5.2% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.2%). Declared Dividend • Aug 17
Second quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 15
NOV Inc. Declares Regular Quarterly Dividend, Payable on September 27, 2024 NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 27, 2024 to each stockholder of record on September 13, 2024. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.57 (vs US$0.39 in 2Q 2023) Second quarter 2024 results: EPS: US$0.57 (up from US$0.39 in 2Q 2023). Revenue: US$2.22b (up 5.9% from 2Q 2023). Net income: US$226.0m (up 46% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
NOV Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024 NOV Inc. provided consolidated earnings guidance for the third quarter and full year 2024. For the third quarter management expects year-over-year consolidated revenues to be flat to up in the low- single digit % range.
For full year 2024, management anticipates consolidated company revenue growth in the low- to mid-single digit % range. Announcement • Jun 22
NOV Inc. to Report Q2, 2024 Results on Jul 25, 2024 NOV Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.8%). Buy Or Sell Opportunity • May 29
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to US$16.00. The fair value is estimated to be US$21.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are forecast to decline by 2.6% per annum over the same time period. Declared Dividend • May 19
First quarter dividend increased to US$0.075 Dividend of US$0.075 is 50% higher than last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Announcement • May 18
NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on June 28, 2024 NOV Inc. announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to US$16.00. The fair value is estimated to be US$20.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are forecast to decline by 2.6% per annum over the same time period. Announcement • Apr 28
NOV Inc. Expects to Increase Its Quarterly Cash Dividend from Quarter Ended June 30, 2024 NOV Inc. expects to increase its quarterly cash dividend on its common stock from $0.05 per share to $0.075 per share, a 50% increase. The first increased quarterly dividend of $0.075 per share is anticipated to be paid out during the quarter ended June 30, 2024, however, the declaration and payment of future dividends are subject to the sole discretion of the Company’s Board of Directors. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.32 in 1Q 2023) First quarter 2024 results: EPS: US$0.30 (down from US$0.32 in 1Q 2023). Revenue: US$2.16b (up 9.8% from 1Q 2023). Net income: US$119.0m (down 5.6% from 1Q 2023). Profit margin: 5.5% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 11
Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV). Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million on March 8, 2024. Arcosa expects to fund the $180 million purchase price with a combination of cash on-hand and borrowings available under its revolving credit facility. The transaction is subject to customary closing conditions, including the expiration or termination of applicable waiting periods or commitments under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction has been approved by the Arcosa, Inc.’s Board of Directors. For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of approximately $20 million, implying a 9.0x EBITDA acquisition multiple. The Transaction is expected to close in the second quarter of 2024.Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) on April 9, 2024. Weil, Gotshal & Manges LLP served as legal advisor to Arcosa. Buy Or Sell Opportunity • Apr 09
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to US$20.20. The fair value is estimated to be US$25.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are forecast to decline by 3.8% per annum over the same time period. Announcement • Apr 05
NOV Inc., Annual General Meeting, May 15, 2024 NOV Inc., Annual General Meeting, May 15, 2024, at 10:00 Central Standard Time. Location: NOV Inc. 10353 Richmond Avenue Houston Texas United States Agenda: To elect ten nominees as directors of the Company for a term of one year; to ratify the appointment of Ernst & Young LLP as independent auditors of the Company for 2024; and approve, on an advisory basis, the compensation of named executive officers. Announcement • Mar 27
NOV Inc. to Report Q1, 2024 Results on Apr 25, 2024 NOV Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 25, 2024 Announcement • Mar 11
Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million. Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million on March 8, 2024. Arcosa expects to fund the $180 million purchase price with a combination of cash on-hand and borrowings available under its revolving credit facility. The transaction is subject to customary closing conditions, including the expiration or termination of applicable waiting periods or commitments under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction has been approved by the Arcosa, Inc.’s Board of Directors. For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of approximately $20 million, implying a 9.0x EBITDA acquisition multiple. The Transaction is expected to close in the second quarter of 2024. Announcement • Mar 07
NOV Inc. Appoints Patricia Martinez to the Board of Directors NOV Inc. announced the appointment of Patricia Martinez to NOV’s Board of Directors, effective March 6, 2024. Ms. Martinez was the Chief Energy Transition Officer of Enerflex Ltd. from 2021 to 2024 and was formerly President of Enerflex’s Latin American business. Ms. Martinez joined Enerflex in 2014 when the company acquired Axip Energy Services L.P. international assets. At the time of the acquisition, Ms. Martinez was SVP for Axip’s international, a successor of Valerus Compression Services where she was VP of Latin America from 2009 to 2013 and Director of International Ventures from 2007 to 2009. Prior to joining Valerus in 2007, Ms. Martinez held several positions in sales and marketing with Shell Oil Products U.S. from 2003 to 2007. Ms. Martinez began her career at Conoco Argentina (a former Dupont subsidiary), where she worked in sales and marketing between 1996 and 1998. Ms. Martinez received a bachelor’s degree in business administration and marketing from Universidad Argentina de la Empresa and an MBA from Houston Baptist University. Ms. Martinez also serves as a director of Par Pacific Holdings Inc. With the appointment of Ms. Martinez, NOV Inc.’s board of directors is now composed of ten directors, nine of whom are independent members. Upcoming Dividend • Mar 06
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 7.9% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (4.0%). Declared Dividend • Feb 18
Fourth quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. 
