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Noble Corp (Cayman Island)
NYSE:NE

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Noble Corp (Cayman Island)
NYSE:NE
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Price: 48.12 USD 0.84%
Updated: Mar 28, 2024

Intrinsic Value

Noble Corp. is an offshore drilling contractor for the oil and gas industry. [ Read More ]

The intrinsic value of one NE stock under the Base Case scenario is 81.36 USD. Compared to the current market price of 48.12 USD, Noble Corp (Cayman Island) is Undervalued by 41%.

Key Points:
NE Intrinsic Value
Base Case
81.36 USD
Undervaluation 41%
Intrinsic Value
Price
N
Worst Case
Base Case
Best Case

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Noble Corp (Cayman Island)

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Fundamental Analysis

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does Noble Corp (Cayman Island) face in the near future?

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Financials

Balance Sheet Decomposition
Noble Corp (Cayman Island)

Current Assets 1.1B
Cash & Short-Term Investments 360.8m
Receivables 592.9m
Other Current Assets 108.1m
Non-Current Assets 4.4B
PP&E 4.1B
Intangibles 10.1m
Other Non-Current Assets 286.7m
Current Liabilities 641.7m
Accounts Payable 395.2m
Accrued Liabilities 118.6m
Other Current Liabilities 127.9m
Non-Current Liabilities 944.5m
Long-Term Debt 586.2m
Other Non-Current Liabilities 358.3m
Efficiency

Earnings Waterfall
Noble Corp (Cayman Island)

Revenue
2.6B USD
Cost of Revenue
-1.5B USD
Gross Profit
1B USD
Operating Expenses
-429.8m USD
Operating Income
615.3m USD
Other Expenses
-133.4m USD
Net Income
481.9m USD

Free Cash Flow Analysis
Noble Corp (Cayman Island)

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
What is Free Cash Flow?
Fundamental Scores

NE Profitability Score
Profitability Due Diligence

Noble Corp (Cayman Island)'s profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Exceptional 1-Year Revenue Growth
ROE is Increasing
ROIC is Increasing
49/100
Profitability
Score

Noble Corp (Cayman Island)'s profitability score is 49/100. The higher the profitability score, the more profitable the company is.

NE Solvency Score
Solvency Due Diligence

Noble Corp (Cayman Island)'s solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
High Altman Z-Score
High Interest Coverage
69/100
Solvency
Score

Noble Corp (Cayman Island)'s solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NE Price Targets Summary
Noble Corp (Cayman Island)

Wall Street analysts forecast NE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NE is 61.11 USD with a low forecast of 44.44 USD and a high forecast of 68.25 USD.

Lowest
Price Target
44.44 USD
8% Downside
Average
Price Target
61.11 USD
27% Upside
Highest
Price Target
68.25 USD
42% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

NE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

NE Price
Noble Corp (Cayman Island)

1M 1M
+15%
6M 6M
-6%
1Y 1Y
+21%
3Y 3Y
+94%
5Y 5Y
+94%
10Y 10Y
+94%
Annual Price Range
48.12
52w Low
35.53
52w High
54.06
Price Metrics
Average Annual Return 21.86%
Standard Deviation of Annual Returns 22.97%
Max Drawdown -23%
Shares Statistics
Market Capitalization 6.8B USD
Shares Outstanding 142 786 000
Percentage of Shares Shorted 5.61%

NE Return Decomposition
Main factors of price return

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NE News

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Company Profile

Noble Corp (Cayman Island)

Country

United States of America

Industry

N/A

Market Cap

6.8B USD

Dividend Yield

3.35%

Description

Noble Corp. is an offshore drilling contractor for the oil and gas industry. The company is headquartered in Sugar Land, Texas and currently employs 1,800 full-time employees. The company went IPO on 2021-06-03. The Company, through its subsidiaries, provides contract drilling services with a fleet of approximately 20 mobile offshore drilling units, consisting of 12 floaters and eight jack-up rigs focused on deep-water and jack-up drilling opportunities in both established and emerging regions worldwide. The mobile offshore drilling units, comprising its offshore rig fleet, operate in a global market for contract drilling services and are redeployed to different regions due to changing demands of its customers. The firm's customers consist primarily of integrated, independent and government-owned or controlled oil and gas companies throughout the world. The company employs each drilling unit under an individual contract, and contracts are awarded based upon a competitive bidding process.

Contact

TEXAS
Sugar Land
13135 Dairy Ashford, Suite 800
+12812766100.0
https://www.noblecorp.com/

IPO

2021-06-03

Employees

1 800

Officers

President, CEO & Director
Mr. Robert W. Eifler
Senior VP & CFO
Mr. Richard B. Barker
Senior Vice President of Operations
Mr. Joey M. Kawaja
Senior Vice President of Marketing & Contracts
Mr. Blake A. Denton
Senior Advisor
Mr. William Edgar Turcotte
VP & Chief Accounting Officer
Ms. Jennifer Yeung
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VP & GM of Administration
Tom Madden
Senior VP, General Counsel & Corporate Secretary
Ms. Jennie P. Howard
Vice President of Communication & Sustainability
Ms. Tine Ostergaard Hansen
Vice President of Human Resources
Mr. Mikkel Ipsen
Show Less

See Also

Discover More
What is the Intrinsic Value of one NE stock?

The intrinsic value of one NE stock under the Base Case scenario is 81.36 USD.

Is NE stock undervalued or overvalued?

Compared to the current market price of 48.12 USD, Noble Corp (Cayman Island) is Undervalued by 41%.