(NE) Noble - Overview
Sector: Energy | Industry: Oil & Gas Drilling | Exchange: NYSE (USA) | Market Cap: 7.416m USD | Total Return: 90.7% in 12m
Avg Turnover: 65.3M
EPS Trend: -62.9%
Qual. Beats: 0
Rev. Trend: 91.3%
Qual. Beats: 2
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Noble Corporation plc is a Houston-based offshore drilling contractor providing global fleet services to the oil and gas industry. The company operates a diverse fleet of mobile offshore drilling units, including high-specification floaters and jackup rigs, across major basins in Africa, Asia, the North Sea, and the Americas.
The offshore drilling sector is characterized by high capital intensity and cyclical demand driven by global energy prices and exploration budgets. Noble’s business model relies on long-term contracts with integrated energy companies, where revenue is generated through daily operating rates for its specialized equipment.
For a deeper analysis of the companys valuation and market positioning, consider reviewing the latest data on ValueRay. Noble Corporation has maintained a presence in the energy sector since its founding in 1921.
- Day rates for deepwater drillships drive long-term contract revenue growth
- Utilization levels of jackup and floater fleets impact operational margins
- Global offshore capital expenditure cycles dictate demand for drilling services
- Strategic fleet consolidation through acquisitions influences market share and pricing power
- Brent crude price volatility determines oil major exploration and production budgets
| Net Income: 229.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.46 > 1.0 |
| NWC/Revenue: 22.38% < 20% (prev 15.88%; Δ 6.50% < -1%) |
| CFO/TA 0.13 > 3% & CFO 953.9m > Net Income 229.1m |
| Net Debt (1.28b) to EBITDA (1.11b): 1.15 < 3 |
| Current Ratio: 1.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (161.0m) vs 12m ago -0.60% < -2% |
| Gross Margin: 22.40% > 18% (prev 28.26%; Δ -5.86% > 0.5%) |
| Asset Turnover: 41.55% > 50% (prev 41.66%; Δ -0.11% > 0%) |
| Interest Coverage Ratio: 3.26 > 6 (EBIT TTM 529.1m / Interest Expense TTM 162.5m) |
| A: 0.10 (Total Current Assets 1.43b - Total Current Liabilities 719.4m) / Total Assets 7.48b |
| B: 0.04 (Retained Earnings 324.8m / Total Assets 7.48b) |
| C: 0.07 (EBIT TTM 529.1m / Avg Total Assets 7.69b) |
| D: 1.59 (Book Value of Equity 4.59b / Total Liabilities 2.89b) |
| Altman-Z'' = 2.90 = A |
| DSRI: 0.73 (Receivables 595.9m/840.2m, Revenue 3.20b/3.30b) |
| GMI: 1.26 (GM 28.26% / 22.40%) |
| AQI: -1.50 (AQ_t -0.10 / AQ_t-1 0.07) |
| SGI: 0.97 (Revenue 3.20b / 3.30b) |
| TATA: -0.10 (NI 229.1m - CFO 953.9m) / TA 7.48b) |
| Beneish M = -4.53 (Cap -4..+1) = AAA |
As of June 05, 2026, the stock is trading at USD 46.68 with a total of 615,203 shares traded.
Over the past week, the price has changed by -0.03%,
over one month by -7.35%,
over three months by +2.98% and
over the past year by +90.70%.
Noble has received a consensus analysts rating of 4.09. Therefore, it is recommended to buy NE.
- StrongBuy: 5
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 50 | 7.1% |
P/E Trailing = 32.5035
P/E Forward = 20.7469
P/S = 2.4577
P/B = 1.6164
Revenue TTM = 3.20b USD
EBIT TTM = 529.1m USD
EBITDA TTM = 1.11b USD
Long Term Debt = 1.92b USD (from longTermDebt, last quarter)
Short Term Debt = 121.2m USD (from shortTermDebt, last fiscal year)
Debt = 1.94b USD (from shortLongTermDebtTotal, last quarter) + Leases 21.0m
Net Debt = 1.28b USD (calculated: Debt 1.94b - CCE 662.6m)
Enterprise Value = 8.69b USD (7.42b + Debt 1.94b - CCE 662.6m)
Interest Coverage Ratio = 3.26 (Ebit TTM 529.1m / Interest Expense TTM 162.5m)
EV/FCF = 19.57x (Enterprise Value 8.69b / FCF TTM 444.1m)
FCF Yield = 5.11% (FCF TTM 444.1m / Enterprise Value 8.69b)
FCF Margin = 13.89% (FCF TTM 444.1m / Revenue TTM 3.20b)
Net Margin = 7.17% (Net Income TTM 229.1m / Revenue TTM 3.20b)
Gross Margin = 22.40% ((Revenue TTM 3.20b - Cost of Revenue TTM 2.48b) / Revenue TTM)
Gross Margin QoQ = 38.88% (prev 13.03%)
Tobins Q-Ratio = 1.16 (Enterprise Value 8.69b / Total Assets 7.48b)
Interest Expense / Debt = 8.38% (Interest Expense 162.5m / Debt 1.94b)
Taxrate = 27.96% (88.9m / 318.1m)
NOPAT = 381.2m (EBIT 529.1m * (1 - 27.96%))
Current Ratio = 1.99 (Total Current Assets 1.43b / Total Current Liabilities 719.4m)
Debt / Equity = 0.42 (Debt 1.94b / totalStockholderEquity, last quarter 4.59b)
Debt / EBITDA = 1.15 (Net Debt 1.28b / EBITDA 1.11b)
Debt / FCF = 2.87 (Net Debt 1.28b / FCF TTM 444.1m)
Total Stockholder Equity = 4.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.98% (Net Income 229.1m / Total Assets 7.48b)
RoE = 5.01% (Net Income TTM 229.1m / Total Stockholder Equity 4.57b)
RoCE = 8.15% (EBIT 529.1m / Capital Employed (Equity 4.57b + L.T.Debt 1.92b))
RoIC = 5.67% (NOPAT 381.2m / Invested Capital 6.72b)
WACC = 8.87% (E(7.42b)/V(9.35b) * Re(9.61%) + D(1.94b)/V(9.35b) * Rd(8.38%) * (1-Tc(0.28)))
Discount Rate = 9.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.93 | Cagr: 4.44%
[DCF] Terminal Value 76.30% ; FCFF base≈376.4m ; Y1≈431.5m ; Y5≈635.0m
[DCF] Fair Price = 46.88 (EV 8.76b - Net Debt 1.28b = Equity 7.48b / Shares 159.5m; r=8.87% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -62.89 | EPS CAGR: -41.46% | SUE: 0.15 | # QB: 0
Revenue Correlation: 91.35 | Revenue CAGR: 15.92% | SUE: 1.72 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=+45.02% | Revisions=+25% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-30.68% | Revisions=-50% | Analysts=7
EPS current Year (2026-12-31): EPS=1.03 | Chg30d=-9.10% | Revisions=-25% | GrowthEPS=+53.0% | GrowthRev=-9.3%
EPS next Year (2027-12-31): EPS=2.57 | Chg30d=+7.28% | Revisions=+0% | GrowthEPS=+151.0% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -50%