Noble Corp Plc

Energy
Oil & Gas Production
www.noblecorp.com

Earnings Score

Market Cap $4.59B
Debt $1.98B
Cash $405.09M
EV $6.16B
FCF $NaN

Earnings

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Sales & Net Margins

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Equity	$4.68B
Growth Stability	1
PB	0.98
Price/Cash	0.09
Debt/Equity	0.42
Net Margins	17%
Earnings CAGR	3%
Sales Growth YoY	15%
Sales Growth QoQ	16%
Sales CAGR	3%
Equity CAGR	61%
Earnings Stability	-1.1
Earnings Growth YoY	-61%
Earnings Growth QoQ	-69%
Earnings CAGR 5Y	3%
Sales CAGR 5Y	3%
Equity CAGR 5Y	61%

Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
Equity CAGR 3Y	58%
Market Cap	$4.59B
Dividend Yield	5%
Assets	$8.04B
Total Debt	$1.98B
Cash	$405.09M
Shares Outstanding	144.73M
EV	6.16B
Earnings Score	6%
Working Capital	510.23M
Current Ratio	1.57
Shares Growth 3y	18%
Equity Growth QoQ	18%
Equity Growth YoY	22%

Assets & ROA

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Stockholders Equity & ROE

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Noble Corp is an offshore drilling contractor for the oil and gas industry. The company operates under one segment namely, Contract Drilling Services. The fleet consists of around 19 drilling rigs consisted of 7 floaters and 12 jackups. Its geographical segments are Australia, Canada, Denmark, Guyana, Myanmar, Qatar, Saudi Arabia, Malaysia, Trinidad & Tobago, United Kingdom, United States, and other countries.

SEC Filings

Direct access to Noble Corp Plc (NE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30

Sector Comparison

How does Noble Corp Plc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Noble Corp Plc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability -110%

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Noble Corp Plc Discounted Cash Flow

Fully customizable DCF calculator online for Noble Corp Plc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	02/2021	12/2021	12/2022	12/2023	TTM
Net Margins	323%	13%	12%	-	17%
ROA	-	-	4%	-	-
ROE	-	-	5%	-	-

Good Net Margins (16.51%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	02/2021	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-
Debt over Equity	0.39	0.14	0.19	-	0.42
Growth Stability	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.42)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	02/2021	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	894%	84%	-	3%
Earnings YoY growth	-	-59%	66%	-	3%
Equity YoY growth	-	47%	140%	-	61%
FCF YoY growth	-	-	-	-	-