Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide.
Fair value with worrying balance sheet.
Share Price & News
How has Noble's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NE's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: NE underperformed the US Energy Services industry which returned -69.8% over the past year.
Return vs Market: NE underperformed the US Market which returned -10% over the past year.
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
1 month ago | Simply Wall StEarnings Release: Here's Why Analysts Cut Their Noble Corporation plc Price Target To US$1.13
1 month ago | Simply Wall StImagine Owning Noble (NYSE:NE) And Taking A 95% Loss Square On The Chin
3 months ago | Simply Wall StCould The Noble Corporation plc (NYSE:NE) Ownership Structure Tell Us Something Useful?
Is Noble undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NE ($0.22) is trading below our estimate of fair value ($8.59)
Significantly Below Fair Value: NE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NE is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: NE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NE is good value based on its PB Ratio (0x) compared to the US Energy Services industry average (0.3x).
How is Noble forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NE's revenue is expected to decline over the next 3 years (-3.3% per year).
High Growth Revenue: NE's revenue is forecast to decline over the next 3 years (-3.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NE is forecast to be unprofitable in 3 years.
How has Noble performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NE is currently unprofitable.
Growing Profit Margin: NE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NE is unprofitable, and losses have increased over the past 5 years at a rate of -31.5% per year.
Accelerating Growth: Unable to compare NE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-34.4%).
Return on Equity
High ROE: NE has a negative Return on Equity (-23.79%), as it is currently unprofitable.
How is Noble's financial position?
Financial Position Analysis
Short Term Liabilities: NE's short term assets ($422.1M) do not cover its short term liabilities ($516.9M).
Long Term Liabilities: NE's short term assets ($422.1M) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: NE's debt to equity ratio (105%) is considered high.
Reducing Debt: NE's debt to equity ratio has increased from 66.8% to 105% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NE has less than a year of cash runway if free cash flow continues to grow at historical rates of 3% each year.
What is Noble's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NE is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Julie Robertson (63yo)
Ms. Julie Johnson Robertson has been Chairman of the Board, President and Chief Executive Officer of Noble Corporation plc since January 11, 2018 and served as its Executive Vice President from February 10 ...
CEO Compensation Analysis
Compensation vs Market: Julie's total compensation ($USD7.89M) is above average for companies of similar size in the US market ($USD615.59K).
Compensation vs Earnings: Julie's compensation has increased whilst the company is unprofitable.
|Executive Chairman of the Board||2.25yrs||US$7.89m||0.53% $346.8k|
|Senior VP||11.33yrs||US$2.40m||0.073% $47.5k|
|Senior VP & CFO||0.083yr||no data||no data|
|Senior Vice President of Operations||0.83yr||no data||no data|
|VP, Controller & Principal Accounting Officer||1.67yrs||no data||0.0060% $3.9k|
|VP & GM of Administration||no data||no data||no data|
|Vice President of Investor Relations & Corporate Communications||no data||no data||no data|
|Vice President & Treasurer||no data||no data||no data|
Experienced Management: NE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Executive Chairman of the Board||2.25yrs||US$7.89m||0.53% $346.8k|
|Independent Director||10.5yrs||US$285.56k||0.093% $60.9k|
|Independent Director||16.5yrs||US$309.56k||0.093% $60.6k|
|Lead Independent Director||no data||US$307.56k||0.092% $60.0k|
|Independent Director||10.5yrs||US$330.06k||0.074% $48.2k|
|Independent Director||6.25yrs||US$293.56k||0.058% $38.0k|
|Independent Director||1.5yrs||US$18.50k||0.017% $10.9k|
Experienced Board: NE's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Noble Corporation plc's company bio, employee growth, exchange listings and data sources
- Name: Noble Corporation plc
- Ticker: NE
- Exchange: NYSE
- Founded: 1921
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: US$65.248m
- Shares outstanding: 250.95m
- Website: https://www.noblecorp.com
Number of Employees
- Noble Corporation plc
- 10 Brook Street
- Greater London
- W1S 1BG
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NE||NYSE (New York Stock Exchange)||Yes||Registered Shares||US||USD||Sep 1985|
|NLC||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Sep 1985|
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 February 18, 2020, the company operated a fleet of 25 drilling rigs consisted of 12 floaters and 13 jackups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 03:10|
|End of Day Share Price||2020/04/08 00:00|
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.