Financials Noble Corporation Plc

Equities

NE

GB00BMXNWH07

Oil & Gas Drilling

End-of-day quote Nyse 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
46.29 USD +1.83% Intraday chart for Noble Corporation Plc +0.30% -3.88%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 1,493 5,079 6,780 6,611 - -
Enterprise Value (EV) 1 1,515 5,275 7,005 6,900 6,065 5,382
P/E ratio 9.96 x 21.8 x 14.5 x 13.5 x 8.23 x 6.45 x
Yield - - 1.45% 3.43% 5.31% 8.64%
Capitalization / Revenue 1.76 x 3.59 x 2.62 x 2.49 x 2.12 x 1.98 x
EV / Revenue 1.79 x 3.73 x 2.71 x 2.6 x 1.94 x 1.61 x
EV / EBITDA 15.7 x 14.4 x 8.65 x 6.81 x 4.52 x 3.65 x
EV / FCF -9.3 x 49.5 x 38.2 x 21.4 x 7.35 x 5.67 x
FCF Yield -10.8% 2.02% 2.62% 4.68% 13.6% 17.6%
Price to Book 0.99 x 1.41 x 1.73 x 1.56 x 1.41 x 1.14 x
Nbr of stocks (in thousands) 60,172 134,681 140,774 142,816 - -
Reference price 2 24.81 37.71 48.16 46.29 46.29 46.29
Announcement Date 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,305 964.3 847.8 1,414 2,589 2,659 3,126 3,340
EBITDA 1 329.4 281.4 96.69 365.5 809.9 1,014 1,342 1,475
EBIT 1 -211.1 -92.73 -13.46 218.6 508.6 638.4 989.1 1,187
Operating Margin -16.17% -9.62% -1.59% 15.46% 19.64% 24.01% 31.65% 35.54%
Earnings before Tax (EBT) 1 -909.1 -4,239 356 191.5 512.2 603.3 951 1,146
Net income 1 -700.6 -3,978 352.2 168.9 481.9 496.2 809.3 1,019
Net margin -53.67% -412.59% 41.54% 11.95% 18.61% 18.67% 25.89% 30.52%
EPS 2 - - 2.490 1.730 3.320 3.437 5.627 7.181
Free Cash Flow 1 -82.01 124.3 -162.9 106.7 183.6 323 824.8 949.7
FCF margin -6.28% 12.89% -19.21% 7.54% 7.09% 12.15% 26.39% 28.44%
FCF Conversion (EBITDA) - 44.18% - 29.18% 22.66% 31.86% 61.47% 64.38%
FCF Conversion (Net income) - - - 63.14% 38.09% 65.09% 101.91% 93.18%
Dividend per Share 2 - - - - 0.7000 1.586 2.457 4.000
Announcement Date 2/19/20 3/11/21 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 250.4 208.2 210.2 275.2 305.9 622.6 610.1 638.5 697.4 643 587.5 632.5 700.6 732.3 766.1
EBITDA 1 46.57 11.92 27.38 84.39 96.59 157.2 138.5 187.8 282.7 200.8 187.5 236.4 281.8 307.9 330.1
EBIT 1 21.33 -12.78 1.774 57.75 71.72 87.39 68.55 116.5 205.6 117.9 98.82 144.5 196.6 218.3 238.7
Operating Margin 8.52% -6.14% 0.84% 20.99% 23.45% 14.04% 11.24% 18.25% 29.48% 18.34% 16.82% 22.85% 28.06% 29.81% 31.16%
Earnings before Tax (EBT) 1 -21.39 130.4 -41.86 40.96 46.66 145.7 92.26 65.14 210 144.9 91.43 122.8 179.9 206.2 235.4
Net income 1 -23.66 123.4 -36.66 37.06 33.58 135 108.1 65.82 158.3 149.7 71.6 99.12 150.8 171.7 197.4
Net margin -9.45% 59.29% -17.44% 13.47% 10.98% 21.68% 17.71% 10.31% 22.7% 23.28% 12.19% 15.67% 21.52% 23.44% 25.77%
EPS 2 -0.3600 1.700 -0.5400 0.4500 0.4100 0.9200 0.7400 0.4500 1.090 1.030 0.4928 0.6905 1.118 1.164 1.370
Dividend per Share 2 - - - - - - - - 0.3000 0.4000 0.4000 0.4167 0.4167 0.4200 0.4000
Announcement Date 11/4/21 2/16/22 5/2/22 8/8/22 11/3/22 2/27/23 5/3/23 8/2/23 10/31/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,737 - 21.9 197 225 289 - -
Net Cash position 1 - 343 - - - - 546 1,229
Leverage (Debt/EBITDA) 11.35 x - 0.2261 x 0.5378 x 0.2783 x 0.285 x - -
Free Cash Flow 1 -82 124 -163 107 184 323 825 950
ROE (net income / shareholders' equity) -9.55% -238% 59.2% 6.62% 12.8% 11.9% 19% 20.3%
ROA (Net income/ Total Assets) -4.31% -63.4% 11.1% 3.41% 8.97% 8.6% 13.1% 13.5%
Assets 1 16,273 6,274 3,169 4,951 5,371 5,770 6,178 7,550
Book Value Per Share 2 - - 24.90 26.80 27.90 29.70 32.90 40.60
Cash Flow per Share - - - 2.880 - - - -
Capex 1 269 149 169 174 391 422 362 308
Capex / Sales 20.59% 15.44% 19.94% 12.33% 15.09% 15.86% 11.59% 9.22%
Announcement Date 2/19/20 3/11/21 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
46.29 USD
Average target price
60.12 USD
Spread / Average Target
+29.87%
Consensus
  1. Stock Market
  2. Equities
  3. NE Stock
  4. Financials Noble Corporation Plc