NOV Stock Overview
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.12|
|52 Week High||US$24.06|
|52 Week Low||US$11.46|
|1 Month Change||8.06%|
|3 Month Change||18.84%|
|1 Year Change||24.81%|
|3 Year Change||-3.50%|
|5 Year Change||-38.83%|
|Change since IPO||299.90%|
Recent News & Updates
NOV Has Peaked
NOV reported strong revenue growth in Q1 and an improved EBITDA margin. Rising oil prices have helped oil-related names. Elevated oil markets could drive profitability next quarter. However, the upside appears priced into the stock. Oil prices could become more normalized if the war between Russia and the Ukraine subsides. As the Fed removes the punch bowl, the U.S. economy could stall or even decline. NOV and the economy have likely peaked. Sell NOV.
Calculating The Intrinsic Value Of NOV Inc. (NYSE:NOV)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of NOV Inc. ( NYSE:NOV...
|NOV||US Energy Services||US Market|
Return vs Industry: NOV underperformed the US Energy Services industry which returned 48.4% over the past year.
Return vs Market: NOV exceeded the US Market which returned -10.2% over the past year.
|NOV Average Weekly Movement||8.2%|
|Energy Services Industry Average Movement||9.0%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||2.8%|
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.
About the Company
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits.
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$4.95b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.47|
|Net Profit Margin||-3.18%|
How did NOV perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Does NOV pay a reliable dividends?See NOV dividend history and benchmarks
|NOV dividend dates|
|Ex Dividend Date||Jun 09 2022|
|Dividend Pay Date||Jun 24 2022|
|Days until Ex dividend||11 days|
|Days until Dividend pay date||26 days|
Does NOV pay a reliable dividends?See NOV dividend history and benchmarks
Is NOV undervalued compared to its fair value and its price relative to the market?
Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NOV ($20.12) is trading above our estimate of fair value ($19.35)
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 Price-To-Earnings Ratio to the US Energy Services industry average.
PE vs Market: NOV is unprofitable, so we can't compare its Price-To-Earnings 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 Price-To-Book Ratio (1.6x) compared to the US Energy Services industry average (1.4x).
How is NOV forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (1.9%).
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 (10.5% per year) is forecast to grow faster than the US market (8.1% per year).
High Growth Revenue: NOV's revenue (10.5% 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 (11.2%).
How has NOV performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 2.2% 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 (-1.8%).
Return on Equity
High ROE: NOV has a negative Return on Equity (-3.59%), as it is currently unprofitable.
How is NOV's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($4.9B) exceed its short term liabilities ($2.0B).
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 net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has increased from 23% to 34.2% 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 17.3% per year.
What is NOV current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NOV's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: NOV's dividend (0.99%) is low compared to the top 25% of dividend payers in the US market (3.92%).
Stability and Growth of Payments
Stable Dividend: NOV's dividend payments have been volatile in the past 10 years.
Growing Dividend: NOV's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: NOV is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (462.1%), NOV's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
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 ($USD11.58M) is above average for companies of similar size in the US market ($USD8.18M).
Compensation vs Earnings: Clay's compensation has increased whilst the company is unprofitable.
Experienced Management: NOV's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: NOV's board of directors are considered experienced (8.3 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 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
- Implied Market Cap: US$7.903b
- Shares outstanding: 392.80m
- 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||2022/05/28 00:00|
|End of Day Share Price||2022/05/27 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.