NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for use in oil and gas drilling and production, and industrial and renewable energy sectors worldwide. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has NOV's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NOV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: NOV's weekly volatility (8%) has been stable over the past year.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: NOV underperformed the US Energy Services industry which returned 93.2% over the past year.
Return vs Market: NOV underperformed the US Market which returned 52.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is NOV's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StLoss-Making NOV Inc. (NYSE:NOV) Expected To Breakeven In The Medium-Term
1 month ago | Simply Wall StWhat Type Of Returns Would NOV's(NYSE:NOV) Shareholders Have Earned If They Purchased Their Shares Three Years Ago?
1 month ago | Simply Wall StIs NOV Inc. (NYSE:NOV) Worth US$15.7 Based On Its Intrinsic Value?
Is NOV undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NOV ($16.64) is trading above our estimate of fair value ($14.37)
Significantly Below Fair Value: NOV is trading above our estimate of fair value.
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 (1.3x) compared to the US Energy Services industry average (1.1x).
How is NOV 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%).
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 (9.7% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: NOV's revenue (9.7% 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 (3.9%).
How has NOV 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 19.4% 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 (24.3%).
Return on Equity
High ROE: NOV has a negative Return on Equity (-11.69%), as it is currently unprofitable.
How is NOV's financial position?
Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($5.0B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: NOV's short term assets ($5.0B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: NOV's debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has increased from 20.6% to 35.9% 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 15% per year.
What is NOV 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 ($USD11.29M) is above average for companies of similar size in the US market ($USD6.47M).
Compensation vs Earnings: Clay's compensation has been consistent with company performance over the past year.
Experienced Management: NOV's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: NOV's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NOV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NOV Inc.'s company bio, employee growth, exchange listings and data sources
- Name: NOV Inc.
- Ticker: NOV
- Exchange: NYSE
- Founded: 1862
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$6.407b
- Shares outstanding: 390.64m
- Website: https://www.nov.com
Number of Employees
- NOV Inc.
- 7909 Parkwood Circle Drive
- United States
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for use in oil and gas drilling and production, and industrial and renewable energy sectors worldwide. It operates th...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 23:16|
|End of Day Share Price||2021/05/06 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.