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.
No risks detected for NOV from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$12.96|
|52 Week High||US$7.70|
|52 Week Low||US$18.02|
|1 Month Change||-0.69%|
|3 Month Change||-17.24%|
|1 Year Change||36.28%|
|3 Year Change||-69.92%|
|5 Year Change||-64.73%|
|Change since IPO||157.59%|
Recent News & Updates
Here's Why NOV (NYSE:NOV) Can Afford Some Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
NOV Will Recover From The Pandemic But It Remains Unattractive
NOV has begun to recover from the pandemic. NOV has a strong balance sheet. However, it is facing strong secular headwinds. Due to these headwinds, NOV has posted material losses for six consecutive years.
Calculating The Fair Value Of NOV Inc. (NYSE:NOV)
Does the June share price for NOV Inc. ( NYSE:NOV ) reflect what it's really worth? Today, we will estimate the stock's...
We Think NOV (NYSE:NOV) Has A Fair Chunk Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Should Shareholders Reconsider NOV Inc.'s (NYSE:NOV) CEO Compensation Package?
Shareholders will probably not be too impressed with the underwhelming results at NOV Inc. ( NYSE:NOV ) recently...
|NOV||US Energy Services||US Market|
Return vs Industry: NOV underperformed the US Energy Services industry which returned 81.7% over the past year.
Return vs Market: NOV matched the US Market which returned 35.3% over the past year.
Stable Share Price: NOV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NOV's weekly volatility (6%) has been stable over the past year.
About the Company
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 through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The company offers various equipment and technologies used to perform drilling operations.
NOV Fundamentals Summary
|NOV fundamental statistics|
Is NOV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOV income statement (TTM)|
|Cost of Revenue||US$4.92b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 26, 2021
|Earnings per share (EPS)||-1.39|
|Net Profit Margin||-10.10%|
How did NOV perform over the long term?See historical performance and comparison
Is NOV 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 ($12.96) is trading below our estimate of fair value ($21.22)
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's PB Ratio (1x) is in line with the US Energy Services industry average.
How is NOV forecast to perform in the next 1 to 3 years based on estimates from 21 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 (11.5% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: NOV's revenue (11.5% 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 (3.6%).
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 12.8% 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 (-49.7%).
Return on Equity
High ROE: NOV has a negative Return on Equity (-10.39%), as it is currently unprofitable.
How is NOV's financial position?
Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($4.9B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: NOV's short term assets ($4.9B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: NOV's debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has increased from 20.3% to 32.6% 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 11.8% 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 (58 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 ($USD6.40M).
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 (6.1 years average tenure).
Experienced Board: NOV's board of directors are considered experienced (7.4 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.
NOV Inc.'s 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$5.064b
- Shares outstanding: 390.70m
- Website: https://www.nov.com
Number of Employees
- NOV Inc.
- 7909 Parkwood Circle Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 22:15|
|End of Day Share Price||2021/09/24 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.