NYSE:NE

Stock Analysis Report

Executive Summary

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide.

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Risks

  • Noble has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

NYSE:NE

-1.0%

US Energy Services

0.2%

US Market


1 Year Return

-76.8%

NYSE:NE

-47.9%

US Energy Services

-0.7%

US Market

NE underperformed the Energy Services industry which returned -46.6% over the past year.

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


Share holder returns

NEIndustryMarket
7 Day-3.5%-1.0%0.2%
30 Day-28.8%-13.8%-2.7%
90 Day-34.0%-16.5%1.6%
1 Year-76.8%-76.8%-46.6%-47.9%1.6%-0.7%
3 Year-77.9%-77.9%-52.3%-58.0%40.0%30.9%
5 Year-94.4%-95.1%-70.8%-75.1%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

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


Price Based on Earnings

Noble is loss making, we can't compare its value to the US Energy Services industry average.

Noble 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, we can't assess if its growth is good value.


Price Based on Value of Assets

Noble is good value based on assets compared to the US Energy Services industry average.


Next Steps

Future Growth

How is Noble expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

38.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Noble's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).

Noble's earnings are expected to grow significantly at over 20% yearly.

Noble's revenue growth is expected to exceed the United States of America market average.

Noble's earnings growth is expected to exceed the United States of America market average.

Noble's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Noble will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Noble performed over the past 5 years?

-44.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

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


Return on Equity

It is difficult to establish if Noble has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

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


Return on Capital Employed

It is difficult to establish if Noble improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Noble's financial position?


Financial Position Analysis

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

Noble's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Noble's level of debt (87%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (63.2% vs 87% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x 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.

Noble has less than a year of cash runway based on current free cash flow.

Noble has less than a year of cash runway if free cash flow continues to grow at historical rates of 110.3% each year.


Next Steps

Dividend

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

0.28%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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

Unable to evaluate Noble'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 has not reported any payouts.

Unable to verify if Noble'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 has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Noble's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Julie Robertson (63yo)

1.6yrs

Tenure

US$7,894,955

Compensation

Ms. Julie Johnson Robertson has been Chairman of the Board, President and Chief Executive Officer of Noble Corporation plc since January 11, 2018 and served as its Executive Vice President from February 10 ...


CEO Compensation Analysis

Julie's remuneration is higher than average for companies of similar size in United States of America.

Julie's compensation has increased whilst company is loss making.


Management Age and Tenure

2.1yrs

Average Tenure

55yo

Average Age

The tenure for the Noble management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

61yo

Average Age

The tenure for the Noble board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Julie Robertson (63yo)

    Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: US$7.89m
  • Jeff Chastain

    Vice President of Investor Relations & Corporate Communications

    • Tenure: 0.0yrs
  • William Turcotte (55yo)

    Senior VP

    • Tenure: 10.7yrs
    • Compensation: US$2.40m
  • Barry Smith (60yo)

    Senior Vice President of Operations

    • Tenure: 0.2yrs
  • Scott Marks (59yo)

    Senior Vice President of Engineering

    • Tenure: 12.6yrs
    • Compensation: US$1.66m
  • Craig Muirhead

    Vice President & Treasurer

    • Tenure: 0.0yrs
  • Adam Peakes (46yo)

    Senior VP & CFO

    • Tenure: 2.6yrs
    • Compensation: US$2.86m
  • Robert Eifler (39yo)

    Senior Vice President of Marketing & Contracts

    • Tenure: 2.1yrs
    • Compensation: US$1.55m
  • Laura Campbell (46yo)

    VP, Controller & Principal Accounting Officer

    • Tenure: 1.0yrs

Board Members

  • Jon Marshall (67yo)

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: US$285.56k
  • Mary Ricciardello (64yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$309.56k
  • Julie Robertson (63yo)

    Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: US$7.89m
  • Julie Edwards (60yo)

    Independent Director

    • Tenure: 13.5yrs
    • Compensation: US$307.56k
  • Gordon Hall (60yo)

    Lead Director

    • Tenure: 6.3yrs
    • Compensation: US$330.06k
  • Scott Josey (61yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$293.56k
  • Roger Jenkins (57yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$18.50k

Company Information

Noble Corporation plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noble Corporation plc
  • Ticker: NE
  • Exchange: NYSE
  • Founded: 1921
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: US$338.888m
  • Shares outstanding: 249.18m
  • Website: https://www.noblecorp.com

Number of Employees


Location

  • Noble Corporation plc
  • 10 Brook Street
  • London
  • Greater London
  • W1S 1BG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NENYSE (New York Stock Exchange)YesRegistered SharesUSUSDSep 1985
NLCDB (Deutsche Boerse AG)YesRegistered SharesDEEURSep 1985

Biography

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 201 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:54
End of Day Share Price2019/08/20 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.