NE Relative Valuation - Noble Corp (Cayman Island)

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Price: 49.86 USD 2.8% Market Closed

Market Cap: $7.9B

	Noble Corp (Cayman Island) NYSE:NE	US

Multiples-Based Value

The Multiples-Based Value of one NE stock under the Base Case scenario is 44.41 USD. Compared to the current market price of 49.86 USD, Noble Corp (Cayman Island) is Overvalued by 11%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

NE Multiples-Based Value

Base Case

Overvaluation 11%

Multiples-Based Value

Price $49.86

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
US		Noble Corp (Cayman Island) NYSE:NE	7.9B USD	2.4	36.5	8.6	18.3
CN		China Oilfield Services Ltd SSE:601808	77.1B CNY	1.5	20.1	12.5	12.5
CH		Transocean Ltd NYSE:RIG	7.3B USD	1.8	-2.5	8.7	16.8
BM		Valaris Ltd NYSE:VAL	6.8B USD	2.9	6.9	11.3	14.7
SA	A	ADES Holding Company SJSC SAU:2382	21.9B SAR	3.3	26.8	10.8	19.3
US		Noble Corporation PLC CSE:NOBLE	31.4B DKK	1.5	22.7	5.8	12.5
US		Patterson-UTI Energy Inc NASDAQ:PTEN	4B USD	0.8	-43	5.4	-121.4
US		Helmerich and Payne Inc NYSE:HP	3.5B USD	0.9	-11	5.9	28.3
SA	A	Arabian Drilling Co SAU:2381	10.8B SAR	3.1	-143.1	11.5	83.5
BM		Seadrill Ltd NYSE:SDRL	2.8B USD	2	-37	10.1	44.6
BM		Odfjell Drilling Ltd OSE:ODL	24.3B NOK	2.8	14.7	12.6	12.6

				Revenue Growth	P/S to Growth
US		Noble Corp (Cayman Island) NYSE:NE	Average P/S: 2.1 2.4	2%	1.2
CN		China Oilfield Services Ltd SSE:601808	1.5	3%	0.5
CH		Transocean Ltd NYSE:RIG	1.8	0%	N/A
BM		Valaris Ltd NYSE:VAL	2.9	0%	N/A
SA	A	ADES Holding Company SJSC SAU:2382	3.3	12%	0.3
US		Noble Corporation PLC CSE:NOBLE	1.5	2%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	0.8	0%	N/A
US		Helmerich and Payne Inc NYSE:HP	0.9	5%	0.2
SA	A	Arabian Drilling Co SAU:2381	3.1	7%	0.4
BM		Seadrill Ltd NYSE:SDRL	2	3%	0.7
BM		Odfjell Drilling Ltd OSE:ODL	2.8	5%	0.6

				Earnings Growth	PEG
US		Noble Corp (Cayman Island) NYSE:NE	Average P/E: 21.3 36.5	39%	0.9
CN		China Oilfield Services Ltd SSE:601808	20.1	N/A	N/A
CH		Transocean Ltd NYSE:RIG	Negative Multiple: -2.5	N/A	N/A
BM		Valaris Ltd NYSE:VAL	6.9	N/A	N/A
SA	A	ADES Holding Company SJSC SAU:2382	26.8	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	22.7	39%	0.6
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Negative Multiple: -43	N/A	N/A
US		Helmerich and Payne Inc NYSE:HP	Negative Multiple: -11	N/A	N/A
SA	A	Arabian Drilling Co SAU:2381	Negative Multiple: -143.1	N/A	N/A
BM		Seadrill Ltd NYSE:SDRL	Negative Multiple: -37	N/A	N/A
BM		Odfjell Drilling Ltd OSE:ODL	14.7	13%	1.1

				EBITDA Growth	EV/EBITDA to Growth
US		Noble Corp (Cayman Island) NYSE:NE	Average EV/EBITDA: 9.4 8.6	8%	1.1
CN		China Oilfield Services Ltd SSE:601808	12.5	N/A	N/A
CH		Transocean Ltd NYSE:RIG	8.7	-1%	N/A
BM		Valaris Ltd NYSE:VAL	11.3	N/A	N/A
SA	A	ADES Holding Company SJSC SAU:2382	10.8	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	5.8	8%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	5.4	2%	2.7
US		Helmerich and Payne Inc NYSE:HP	5.9	5%	1.2
SA	A	Arabian Drilling Co SAU:2381	11.5	16%	0.7
BM		Seadrill Ltd NYSE:SDRL	10.1	23%	0.4
BM		Odfjell Drilling Ltd OSE:ODL	12.6	26%	0.5

				EBIT Growth	EV/EBIT to Growth
US		Noble Corp (Cayman Island) NYSE:NE	Average EV/EBIT: 26.3 18.3	17%	1.1
CN		China Oilfield Services Ltd SSE:601808	12.5	N/A	N/A
CH		Transocean Ltd NYSE:RIG	16.8	-11%	N/A
BM		Valaris Ltd NYSE:VAL	14.7	-4%	N/A
SA	A	ADES Holding Company SJSC SAU:2382	19.3	N/A	N/A
US		Noble Corporation PLC CSE:NOBLE	12.5	17%	0.7
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Negative Multiple: -121.4	N/A	N/A
US		Helmerich and Payne Inc NYSE:HP	28.3	13%	2.2
SA	A	Arabian Drilling Co SAU:2381	83.5	64%	1.3
BM		Seadrill Ltd NYSE:SDRL	44.6	58%	0.8
BM		Odfjell Drilling Ltd OSE:ODL	12.6	2%	6.3

Noble Corp (Cayman Island)
NYSE:NE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

NE Competitors Multiples
Noble Corp (Cayman Island) Competitors

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Noble Corp (Cayman Island) NYSE:NE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

NE Competitors Multiples Noble Corp (Cayman Island) Competitors

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Stocks

Noble Corp (Cayman Island)
NYSE:NE

NE Competitors Multiples
Noble Corp (Cayman Island) Competitors