OTCPK:NOBG.F

Stock Analysis Report

Executive Summary

Noble Group Limited, an investment holding company, provides supply chain management services.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.

Risks

  • Noble Group has significant price volatility in the past 3 months.
  • Noble Group's last earnings update was 280 days ago.
  • Noble Group is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-97.8%

OTCPK:NOBG.F

0.7%

US Trade Distributors

0.2%

US Market


1 Year Return

-98.7%

OTCPK:NOBG.F

-18.0%

US Trade Distributors

-0.7%

US Market

NOBG.F underperformed the Trade Distributors industry which returned -16.8% over the past year.

NOBG.F underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

NOBG.FIndustryMarket
7 Day-97.8%0.7%0.2%
30 Day-98.1%-1.3%-2.7%
90 Day-98.0%-2.3%1.6%
1 Year-98.7%-98.7%-16.6%-18.0%1.6%-0.7%
3 Year-98.9%-98.9%24.1%18.7%40.0%30.9%
5 Year-99.9%-99.9%10.5%2.7%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Noble Group undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Noble Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

Noble Group's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Noble Group is loss making, we can't compare its value to the US Trade Distributors industry average.

Noble Group is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Noble Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Noble Group has negative assets, we can't compare the value of its assets to the US Trade Distributors industry average.


Next Steps

Future Growth

How is Noble Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Noble Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of NOBG.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Noble Group's filings and announcements here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Noble Group performed over the past 5 years?

-61.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Noble Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Noble Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Noble Group's 1-year growth to the US Trade Distributors industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Noble Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Noble Group has efficiently used its assets last year compared to the US Trade Distributors industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Noble Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Noble Group's financial position?


Financial Position Analysis

Noble Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Noble Group has no long term commitments.


Debt to Equity History and Analysis

Noble Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Noble Group's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Noble Group has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Whilst loss making Noble Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Noble Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -69.8% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Noble Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Noble Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Noble Group has not reported any payouts.

Unable to verify if Noble Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Noble Group has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Will Randall (45yo)

3.3yrs

Tenure

0

Mr. William James Randall, also known as Will, BBus, has been President of Noble Group Limited since October 2014 and Chief Executive Officer since November 13, 2017. Mr. Randall was a Co-Chief Executive O ...


CEO Compensation Analysis

Insufficient data for Will to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Insufficient data for Will to compare compensation growth.


Board Age and Tenure

0.6yrs

Average Tenure

49yo

Average Age

The average tenure for the Noble Group board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$551,84625 Sep 18
Charles Schwab Investment Management, Inc.
EntityCompany
Shares5,600,000
Max PriceUS$0.099

Ownership Breakdown


Management Team

  • Louis Tang (60yo)

    Chief Accounting Officer & Group Finance Director of Controlling

    • Tenure: 0.0yrs
  • Jeff Alam (61yo)

    Group General Counsel

    • Tenure: 14.0yrs
  • Diego Barbero

    Head of Grains

    • Tenure: 0.0yrs
  • Kishore Rajvanshy

    Managing Director Fleet Management

    • Tenure: 0.0yrs
  • Jaime Teke

    Head of Structured Finance

    • Tenure: 0.0yrs
  • Will Randall (45yo)

    President

    • Tenure: 3.3yrs
  • Paul Jeremy Brough (62yo)

    Executive Chairman of the Board

    • Tenure: 2.3yrs
  • Moira Lynam

    Group Head of Human Resources

    • Tenure: 0.0yrs
  • Neil Dhar (56yo)

    Chief Operating Officer

    • Tenure: 0.0yrs
  • Matthew Hopkins

    Interim Chief Financial Officer

    • Tenure: 0.0yrs

Board Members

  • Steve Hodgson (53yo)

    Independent Non-Executive Director

    • Tenure: 0.0yrs
  • Jim Dubow

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Will Randall (45yo)

    President

    • Tenure: 3.3yrs
  • George Nette

    Independent Non-Executive Director

    • Tenure: 0.3yrs
  • Paul Jeremy Brough (62yo)

    Executive Chairman of the Board

    • Tenure: 2.3yrs
  • David Adelman

    Independent Non-Executive Director

    • Tenure: 0.3yrs
  • Ajit Joshi (37yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Fraser Pearce

    Independent Non-Executive Director

    • Tenure: 1.3yrs
  • Joseph Swanson

    Non-Executive Director

    • Tenure: 0.6yrs

Company Information

Noble Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Group Limited
  • Ticker: NOBG.F
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: S$107.526m
  • Listing Market Cap: S$77.631m
  • Shares outstanding: 1.33b
  • Website: https://www.thisisnoble.com

Number of Employees


Location

  • Noble Group Limited
  • 33 Cavendish Square
  • 11th Floor
  • London
  • Greater London
  • W1G 0PW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOBG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 1997
CGPSGX (Singapore Exchange)YesOrdinary SharesSGSGDMar 1997
N2X1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 1997
N2X1DUSE (Dusseldorf Stock Exchange)YesOrdinary SharesDEEURMar 1997
NOBG.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

Noble Group Limited, an investment holding company, provides supply chain management services. It offers logistics and transportation, price risk management and hedging, processing and blending, and struct ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:52
End of Day Share Price2019/08/20 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.