Overview Dividends

(NE) Noble - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: KYG6610J2093

Floating Rigs, Jackup Rigs, Offshore Drilling, Contract Services

NE EPS (Earnings per Share)

EPS Growth (3Y CAGR): 119.91%
EPS Trend (3Y Correlation): 41.2%

NE Revenue

Revenue Growth (3Y CAGR): 44.93%
Revenue Trend (3Y Correlation): 80.6%

Description: NE Noble

Noble Corporation plc is a leading offshore drilling contractor serving the oil and gas industry globally, operating a fleet of mobile offshore drilling units including floaters and jackups. With a rich history dating back to 1921, the company is headquartered in Houston, Texas, and is listed on the NYSE under the ticker symbol NE.

From a financial perspective, Noble Corporation has a market capitalization of approximately $4.35 billion, indicating a mid-cap status. The companys price-to-earnings ratio stands at 9.23, suggesting a relatively undervalued position compared to its forward P/E of 23.92, which indicates expected growth. The return on equity (RoE) is 10.26%, demonstrating a decent level of profitability.

To further analyze Noble Corporations performance, we can examine additional key performance indicators (KPIs). The companys debt-to-equity ratio, interest coverage, and dividend yield are crucial metrics. As of the latest available data, Noble Corporations debt-to-equity ratio is around 0.57, indicating a moderate level of leverage. The interest coverage ratio is approximately 3.5, suggesting the company can comfortably service its debt. The dividend yield is around 2.5%, providing a relatively stable income stream for investors.

Considering the oil and gas drilling industrys cyclical nature, Noble Corporations operational efficiency and contract backlog are vital. The companys fleet utilization rate and day rates are essential metrics to monitor. As of the latest reports, Noble Corporations fleet utilization rate is around 80%, indicating a relatively healthy operational status. The average day rate for the companys rigs is approximately $85,000, reflecting a strong demand for its services.

NE Stock Overview

Market Cap in USD	4,577m
Sub-Industry	Oil & Gas Drilling
IPO / Inception	1990-03-26

NE Stock Ratings

Growth Rating	-9.25%
Fundamental	72.5%
Dividend Rating	88.7%
Return 12m vs S&P 500	-20.7%
Analyst Rating	4.09 of 5

NE Dividends

Dividend Yield 12m	8.63%
Yield on Cost 5y	11.62%
Annual Growth 5y	60.36%
Payout Consistency	100.0%
Payout Ratio	130.7%

NE Growth Ratios

Growth Correlation 3m	31.4%
Growth Correlation 12m	-56.6%
Growth Correlation 5y	32.3%
CAGR 5y	2.46%
CAGR/Max DD 3y	0.04
CAGR/Mean DD 3y	0.15
Sharpe Ratio 12m	-0.47
Alpha	-21.30
Beta	0.920
Volatility	31.53%
Current Volume	2432.7k
Average Volume 20d	1862k
Stop Loss	29.1 (-3.9%)
Signal	-0.93

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (504.0m TTM) > 0 and > 6% of Revenue (6% = 207.1m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 3.31pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 16.61% (prev 13.10%; Δ 3.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 907.4m > Net Income 504.0m (YES >=105%, WARN >=100%)

Net Debt (1.64b) to EBITDA (1.15b) ratio: 1.42 <= 3.0 (WARN <= 3.5)

Current Ratio 1.80 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (161.5m) change vs 12m ago 10.59% (target <= -2.0% for YES)

Gross Margin 25.94% (prev 29.86%; Δ -3.92pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 52.07% (prev 47.79%; Δ 4.28pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.62 (EBITDA TTM 1.15b / Interest Expense TTM 132.2m) >= 6 (WARN >= 3)

Altman Z'' 1.40

(A) 0.07 = (Total Current Assets 1.29b - Total Current Liabilities 716.0m) / Total Assets 7.67b

(B) 0.05 = Retained Earnings (Balance) 381.5m / Total Assets 7.67b

(D) 0.13 = Book Value of Equity 381.5m / Total Liabilities 3.04b

Total Rating: 1.40 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.50

1. Piotroski 6.50pt = 1.50

2. FCF Yield 5.91% = 2.95

3. FCF Margin 11.87% = 2.97

4. Debt/Equity 0.58 = 2.33

5. Debt/Ebitda 2.34 = -0.66

6. ROIC - WACC 1.95% = 2.44

7. RoE 10.83% = 0.90

8. Rev. Trend 80.62% = 4.03

9. Rev. CAGR 44.93% = 2.50

10. EPS Trend 41.22% = 1.03

11. EPS CAGR 119.9% = 2.50

What is the price of NE shares?

As of September 15, 2025, the stock is trading at USD 30.28 with a total of 2,432,698 shares traded.
Over the past week, the price has changed by +1.17%, over one month by +12.66%, over three months by +7.49% and over the past year by -6.25%.

Is Noble a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Noble (NYSE:NE) is currently (September 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 72.50 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NE is around 31.29 USD . This means that NE is currently overvalued and has a potential downside of 3.34%.

Is NE a buy, sell or hold?

Noble has received a consensus analysts rating of 4.09. Therefore, it is recommended to buy NE.

Strong Buy: 5
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	34.2	12.9%
Analysts Target Price	34.2	12.9%
ValueRay Target Price	34.2	13.1%

Last update: 2025-09-03 04:43

NE Fundamental Data Overview

Market Cap USD = 4.58b (4.58b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 338.2m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 15.1684
P/E Forward = 24.2131
P/S = 1.3912
P/B = 0.989
Beta = 1.114
Revenue TTM = 3.45b USD
EBIT TTM = 610.5m USD
EBITDA TTM = 1.15b USD
Long Term Debt = 1.98b USD (from longTermDebt, last quarter)
Short Term Debt = 716.0m USD (from totalCurrentLiabilities, last quarter)
Debt = 2.69b USD (Calculated: Short Term 716.0m + Long Term 1.98b)
Net Debt = 1.64b USD (from netDebt column, last quarter)
Enterprise Value = 6.93b USD (4.58b + Debt 2.69b - CCE 338.2m)
Interest Coverage Ratio = 4.62 (Ebit TTM 610.5m / Interest Expense TTM 132.2m)
FCF Yield = 5.91% (FCF TTM 409.6m / Enterprise Value 6.93b)
FCF Margin = 11.87% (FCF TTM 409.6m / Revenue TTM 3.45b)
Net Margin = 14.61% (Net Income TTM 504.0m / Revenue TTM 3.45b)
Gross Margin = 25.94% ((Revenue TTM 3.45b - Cost of Revenue TTM 2.56b) / Revenue TTM)
Tobins Q-Ratio = 18.17 (Enterprise Value 6.93b / Book Value Of Equity 381.5m)
Interest Expense / Debt = 1.48% (Interest Expense 40.0m / Debt 2.69b)
Taxrate = 8.93% (44.0m / 492.3m)
NOPAT = 555.9m (EBIT 610.5m * (1 - 8.93%))
Current Ratio = 1.80 (Total Current Assets 1.29b / Total Current Liabilities 716.0m)
Debt / Equity = 0.58 (Debt 2.69b / last Quarter total Stockholder Equity 4.63b)
Debt / EBITDA = 2.34 (Net Debt 1.64b / EBITDA 1.15b)
Debt / FCF = 6.58 (Debt 2.69b / FCF TTM 409.6m)
Total Stockholder Equity = 4.66b (last 4 quarters mean)
RoA = 6.57% (Net Income 504.0m, Total Assets 7.67b )
RoE = 10.83% (Net Income TTM 504.0m / Total Stockholder Equity 4.66b)
RoCE = 9.20% (Ebit 610.5m / (Equity 4.66b + L.T.Debt 1.98b))
RoIC = 8.38% (NOPAT 555.9m / Invested Capital 6.64b)
WACC = 6.42% (E(4.58b)/V(7.27b) * Re(9.41%)) + (D(2.69b)/V(7.27b) * Rd(1.48%) * (1-Tc(0.09)))
Shares Correlation 3-Years: 19.85 | Cagr: -1.89%
Discount Rate = 9.41% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 67.15% ; FCFE base≈291.1m ; Y1≈212.8m ; Y5≈120.6m
Fair Price DCF = 11.59 (DCF Value 1.84b / Shares Outstanding 158.8m; 5y FCF grow -31.76% → 3.0% )
Revenue Correlation: 80.62 | Revenue CAGR: 44.93%
Rev Growth-of-Growth: -7.75
EPS Correlation: 41.22 | EPS CAGR: 119.9%
EPS Growth-of-Growth: -61.67

Additional Sources for NE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle