NE Stock Analysis: Noble | NYSE
Oil & Gas Drilling | NYSE, USA | Market Cap: 7.219m USD | 12M Return: 73.6% | KYG6610J2093 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.0M
Warnings
Tailwinds
Seasonality 5.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Noble Corporation plc is a Houston-based offshore drilling contractor serving the global oil and gas industry. The company provides contract drilling services through a fleet of mobile offshore drilling units, including floaters and jackups, operating across regions such as Africa, the Far East Asia, the North Sea, Oceania, South America, and the U.S. Gulf of America. Founded in 1921, Noble is listed on the NYSE under the ticker NE and is classified within the Energy sector, specifically the Oil & Gas Drilling sub-industry.
- Tight rig supply pushes offshore dayrates to multi-year highs
- Brent crude strength reignites offshore exploration and development spending
- Shareholder returns accelerate as backlog and cash flow expand
| Net Income: 53.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.78 > 1.0 |
| NWC/Revenue: 16.63% < 20% (prev 16.97%; Δ -0.34% < -1%) |
| CFO/TA 0.10 > 3% & CFO 749.0m > Net Income 53.7m |
| Net Debt (1.67b) to EBITDA (570.7m): 2.93 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (160.2m) vs prev 5.65% < -2% |
| Gross Margin: 19.73% > 18% (prev 22.36%; Δ -2.63% > 0.5%) |
| Asset Turnover: 44.41% > 50% (prev 45.14%; Δ -0.73% > 0%) |
| Interest Coverage Ratio: 0.02 > 6 (EBIT TTM 2.37m / Interest Expense TTM 153.2m) |
| A: 0.08 (Total Current Assets 1.26b - Total Current Liabilities 716.8m) / Total Assets 7.16b |
| B: 0.04 (Retained Earnings 286.6m / Total Assets 7.16b) |
| C: 0.00 (EBIT TTM 2.37m / Avg Total Assets 7.40b) |
| D: 1.49 (Book Value of Equity 4.29b / Total Liabilities 2.87b) |
| Altman-Z'' = 2.20 = BBB |
| DSRI: 0.84 (Receivables 612.0m/763.5m, Revenue 3.29b/3.45b) |
| GMI: 1.13 (GM 22.36% / 19.73%) |
| AQI: -2.49 (AQ_t -0.18 / AQ_t-1 0.07) |
| SGI: 0.95 (Revenue 3.29b / 3.45b) |
| TATA: -0.10 (NI 53.7m - CFO 749.0m) / TA 7.16b) |
| Beneish M = -5.15 (Cap -4..+1) = AAA |
As of November 02, 2026, the stock is trading at USD 49.00 with a total of 1,203,699 shares traded. Over the past week, the price has changed by +2.73%, over one month by +16.83%, over three months by +19.49% and over the past year by +73.55%.
Current recommended Stop Loss: 46.10 (which is 5.9% or 1.5 ATR below the current price).
Noble has received a consensus analysts rating of 3.58. Therefore, it is recommended to hold NE.
- StrongBuy: 3
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 46.5 | -5.1% |
P/E Trailing = 137.0303
P/E Forward = 20.9644
P/S = 2.5025
P/B = 1.7022
Revenue TTM = 3.29b USD
EBIT TTM = 2.37m USD
EBITDA TTM = 570.7m USD
Long Term Debt = 1.98b USD (from longTermDebt, last fiscal year)
Short Term Debt = 13.9m USD (from shortTermDebt, last fiscal year)
Debt = 2.01b USD (corrected: LT Debt 1.98b + ST Debt 13.9m) + Leases 21.0m
Net Debt = 1.67b USD (calculated: Debt 2.01b - CCE 337.2m)
Enterprise Value = 8.89b USD (7.22b + Debt 2.01b - CCE 337.2m)
Interest Coverage Ratio = 0.02 (Ebit TTM 2.37m / Interest Expense TTM 153.2m)
EV/FCF = 91.74x (Enterprise Value 8.89b / FCF TTM 96.9m)
FCF Yield = 1.09% (FCF TTM 96.9m / Enterprise Value 8.89b)
FCF Margin = 2.95% (FCF TTM 96.9m / Revenue TTM 3.29b)
Net Margin = 1.63% (Net Income TTM 53.7m / Revenue TTM 3.29b)
Gross Margin = 19.73% ((Revenue TTM 3.29b - Cost of Revenue TTM 2.64b) / Revenue TTM)
Gross Margin QoQ = none% (prev 37.99%)
Tobins Q-Ratio = 1.24 (Enterprise Value 8.89b / Total Assets 7.16b)
Interest Expense / Debt = 7.62% (Interest Expense 153.2m / Debt 2.01b)
Taxrate = 20.65% (56.4m / 273.1m)
NOPAT = 1.88m (EBIT 2.37m * (1 - 20.65%))
Current Ratio = 1.76 (Total Current Assets 1.26b / Total Current Liabilities 716.8m)
Debt / Equity = 0.47 (Debt 2.01b / totalStockholderEquity, last quarter 4.29b)
Debt / EBITDA = 2.93 (Net Debt 1.67b / EBITDA 570.7m)
Debt / FCF = 17.26 (Net Debt 1.67b / FCF TTM 96.9m)
Total Stockholder Equity = 4.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.73% (Net Income 53.7m / Total Assets 7.16b)
RoE = 1.20% (Net Income TTM 53.7m / Total Stockholder Equity 4.48b)
RoCE = 0.04% (EBIT 2.37m / Capital Employed (Equity 4.48b + L.T.Debt 1.98b))
RoIC = 0.03% (NOPAT 1.88m / Invested Capital 6.29b)
WACC = 7.60% (E(7.22b)/V(9.23b) * Re(8.03%) + D(2.01b)/V(9.23b) * Rd(7.62%) * (1-Tc(0.21)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.11 | Cagr: 4.44%
[DCF] Terminal Value 73.10% ; FCFF base≈215.1m ; Y1≈188.6m ; Y5≈152.4m
[DCF] Fair Price = 4.84 (EV 2.45b - Net Debt 1.67b = Equity 772.7m / Shares 159.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -1
Revenue Correlation: 81.89 | Revenue CAGR: 10.99% | SUE: N/A | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.15 | Chg30d=-3.28% | Revisions=-17% | Analysts=6
EPS current Year (2026-12-31): EPS=-0.24 | Chg30d=-149.02% | Revisions=+0% | GrowthEPS=-135.8% | GrowthRev=-12.1%
EPS next Year (2027-12-31): EPS=2.06 | Chg30d=+1.35% | Revisions=-29% | GrowthEPS=+956.4% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: -21% (up=4, down=7)