National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. More Details
Excellent balance sheet with moderate growth potential.
Share Price & News
How has National Oilwell Varco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NOV is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: NOV's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: NOV underperformed the US Energy Services industry which returned -36.9% over the past year.
Return vs Market: NOV underperformed the US Market which returned 21% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National Oilwell Varco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWe Think National Oilwell Varco (NYSE:NOV) Has A Fair Chunk Of Debt
1 month ago | Simply Wall StWhat Did National Oilwell Varco's (NYSE:NOV) CEO Take Home Last Year?
1 month ago | Simply Wall StHave Insiders Been Selling National Oilwell Varco, Inc. (NYSE:NOV) Shares This Year?
Is National Oilwell Varco 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: NOV ($12.7) is trading below our estimate of fair value ($16.96)
Significantly Below Fair Value: NOV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NOV is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.
PE vs Market: NOV 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 NOV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NOV is overvalued based on its PB Ratio (0.9x) compared to the US Energy Services industry average (0.6x).
How is National Oilwell Varco forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: NOV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NOV's is expected to become profitable in the next 3 years.
Revenue vs Market: NOV's revenue (5.3% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: NOV's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOV's Return on Equity is forecast to be low in 3 years time (3.7%).
How has National Oilwell Varco performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOV is currently unprofitable.
Growing Profit Margin: NOV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NOV is unprofitable, and losses have increased over the past 5 years at a rate of 35.5% per year.
Accelerating Growth: Unable to compare NOV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NOV is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-38.2%).
Return on Equity
High ROE: NOV has a negative Return on Equity (-46.46%), as it is currently unprofitable.
How is National Oilwell Varco's financial position?
Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($5.4B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: NOV's short term assets ($5.4B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: NOV's debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has increased from 21.9% to 32.9% 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: Whilst unprofitable NOV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 27.2% per year.
What is National Oilwell Varco current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NOV is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOV'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
Clay Williams (57 yo)
Mr. Clay C. Williams serves as the Chairman, President and Chief Executive Officer of National Oilwell Varco, L.P. Mr. Williams has been the Chairman and Chief Executive Officer at National Oilwell Varco N...
CEO Compensation Analysis
Compensation vs Market: Clay's total compensation ($USD12.83M) is above average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: Clay's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||5.25yrs||US$4.57m||0.065% |
|VP, Corporate Controller & Chief Accounting Officer||6.33yrs||US$2.68m||0.019% |
|Senior VP||6.08yrs||US$2.96m||0.028% |
|President of Rig Technologies||no data||US$3.32m||0.030% |
|Chief Marketing Officer & CTO||0.58yr||no data||no data|
|Chief Information Officer||5.25yrs||no data||no data|
|Chief Administrative Officer||3.67yrs||no data||no data|
|Vice President of Corporate Development & Investor Relations||1.83yrs||no data||no data|
|President of Completion & Production Solutions||6.58yrs||no data||no data|
|President of NOV Wellbore Technologies||4.33yrs||no data||no data|
|Chief Health||1.83yrs||no data||no data|
Experienced Management: NOV's management team is seasoned and experienced (5.3 years average tenure).
|Independent Director||21.83yrs||US$295.00k||0.028% |
|Independent Director||17.25yrs||US$310.00k||0.020% |
|Independent Director||4.58yrs||US$291.47k||0.012% |
|Lead Independent Director||no data||US$305.00k||0.019% |
|Independent Director||15.67yrs||US$297.50k||0.017% |
|Independent Director||6.58yrs||US$295.00k||0.011% |
|Independent Director||5yrs||US$297.50k||0.0092% |
|Independent Director||3.17yrs||US$295.00k||0.0065% |
Experienced Board: NOV's board of directors are considered experienced (6.5 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.
National Oilwell Varco, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: National Oilwell Varco, Inc.
- Ticker: NOV
- Exchange: NYSE
- Founded: 1862
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$4.931b
- Shares outstanding: 388.26m
- Website: https://www.nov.com
Number of Employees
- National Oilwell Varco, Inc.
- 7909 Parkwood Circle Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOV||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1996|
|NO8||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1996|
|NOV *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Oct 1996|
|0K58||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 1996|
|N1OV34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates through three segments: Wellbore T...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 00:13|
|End of Day Share Price||2020/12/01 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.