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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.02
NE's Cash to Debt is ranked higher than
52% of the 227 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.35 vs. NE: 0.02 )
NE' s 10-Year Cash to Debt Range
Min: 0.02   Max: 1.44
Current: 0.02

0.02
1.44
Equity to Asset 0.52
NE's Equity to Asset is ranked higher than
75% of the 204 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.52 vs. NE: 0.52 )
NE' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.82
Current: 0.52

0.51
0.82
Interest Coverage 10.55
NE's Interest Coverage is ranked higher than
74% of the 149 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.05 vs. NE: 10.55 )
NE' s 10-Year Interest Coverage Range
Min: 4.05   Max: 1193.32
Current: 10.55

4.05
1193.32
F-Score: 7
Z-Score: 1.69
M-Score: -2.73
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 26.49
NE's Operating margin (%) is ranked higher than
89% of the 204 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.65 vs. NE: 26.49 )
NE' s 10-Year Operating margin (%) Range
Min: 14.8   Max: 55.37
Current: 26.49

14.8
55.37
Net-margin (%) 18.48
NE's Net-margin (%) is ranked higher than
91% of the 204 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.60 vs. NE: 18.48 )
NE' s 10-Year Net-margin (%) Range
Min: 11.97   Max: 46.11
Current: 18.48

11.97
46.11
ROE (%) 9.40
NE's ROE (%) is ranked higher than
88% of the 224 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.32 vs. NE: 9.40 )
NE' s 10-Year ROE (%) Range
Min: 5.01   Max: 29.5
Current: 9.4

5.01
29.5
ROA (%) 4.83
NE's ROA (%) is ranked higher than
88% of the 233 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.31 vs. NE: 4.83 )
NE' s 10-Year ROA (%) Range
Min: 2.75   Max: 21.96
Current: 4.83

2.75
21.96
ROC (Joel Greenblatt) (%) 7.59
NE's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 225 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.77 vs. NE: 7.59 )
NE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.12   Max: 32.52
Current: 7.59

4.12
32.52
Revenue Growth (%) 14.80
NE's Revenue Growth (%) is ranked higher than
78% of the 162 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 12.40 vs. NE: 14.80 )
NE' s 10-Year Revenue Growth (%) Range
Min: -6.1   Max: 40.9
Current: 14.8

-6.1
40.9
EBITDA Growth (%) 11.00
NE's EBITDA Growth (%) is ranked higher than
76% of the 135 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 11.30 vs. NE: 11.00 )
NE' s 10-Year EBITDA Growth (%) Range
Min: -18.7   Max: 64.1
Current: 11

-18.7
64.1
EPS Growth (%) 0.40
NE's EPS Growth (%) is ranked higher than
78% of the 143 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -1.40 vs. NE: 0.40 )
NE' s 10-Year EPS Growth (%) Range
Min: -36.9   Max: 101.2
Current: 0.4

-36.9
101.2
» NE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

NE Guru Trades in Q3 2013

James Barrow 2,968,585 sh (+234.29%)
Jeremy Grantham 17,500 sh (+10.06%)
PRIMECAP Management 294,000 sh (unchged)
Richard Perry 1,515,000 sh (unchged)
Mario Gabelli 27,120 sh (unchged)
Louis Moore Bacon 300,000 sh (unchged)
Private Capital 580,997 sh (-4.03%)
Steven Cohen 632,467 sh (-9.31%)
Jim Simons 73,963 sh (-20.3%)
First Pacific Advisors 930,800 sh (-22.78%)
Louis Moore Bacon 325,000 sh (-28.96%)
Richard Snow 137,872 sh (-50.52%)
» More
Q4 2013

NE Guru Trades in Q4 2013

Louis Moore Bacon 930,000 sh (+186.15%)
Jeremy Grantham 24,700 sh (+41.14%)
Steven Cohen 757,575 sh (+19.78%)
Louis Moore Bacon 700,000 sh (unchged)
PRIMECAP Management 294,000 sh (unchged)
Richard Perry Sold Out
Richard Snow Sold Out
Jim Simons Sold Out
First Pacific Advisors 860,700 sh (-7.53%)
James Barrow 2,619,016 sh (-11.78%)
Mario Gabelli 22,620 sh (-16.59%)
Private Capital 308,132 sh (-46.96%)
» More
Q1 2014

NE Guru Trades in Q1 2014

Donald Smith 2,712,392 sh (New)
Louis Moore Bacon 300,000 sh (unchged)
Mario Gabelli 22,620 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Jeremy Grantham Sold Out
Steven Cohen Sold Out
Private Capital 306,742 sh (-0.45%)
First Pacific Advisors 848,500 sh (-1.42%)
James Barrow 1,650,175 sh (-36.99%)
Louis Moore Bacon 425,000 sh (-54.3%)
PRIMECAP Management 100,000 sh (-65.99%)
» More
Q2 2014

NE Guru Trades in Q2 2014

David Dreman 2,788 sh (New)
Donald Smith 3,838,679 sh (+41.52%)
Louis Moore Bacon 100,000 sh (unchged)
Mario Gabelli 22,620 sh (unchged)
PRIMECAP Management 100,000 sh (unchged)
Louis Moore Bacon Sold Out
Private Capital 301,817 sh (-1.61%)
First Pacific Advisors 778,800 sh (-8.21%)
James Barrow 1,475,719 sh (-10.57%)
» More
» Details

Insider Trades

Latest Guru Trades with NE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Donald Smith 2014-06-30 Add 41.52%0.65%$25.948 - $30.028 $ 27.962%3838679
David Dreman 2014-06-30 New Buy0.01%$25.948 - $30.028 $ 27.962%2788
Donald Smith 2014-03-31 New Buy1.7%$25.31 - $32.72 $ 27.96-1%2712392
James Barrow 2014-03-31 Reduce -36.99%0.05%$25.31 - $32.72 $ 27.96-1%1650175
PRIMECAP Management 2014-03-31 Reduce -65.99%0.01%$25.31 - $32.72 $ 27.96-1%100000
Richard Perry 2013-12-31 Sold Out 1.4%$31.54 - $35.29 $ 27.96-16%0
James Barrow 2013-09-30 Add 234.29%0.13%$32.35 - $35.93 $ 27.96-18%2968585
Richard Perry 2013-06-30 New Buy1.5%$30.28 - $36.91 $ 27.96-16%1515000
John Burbank 2013-06-30 Sold Out 0.32%$30.28 - $36.91 $ 27.96-16%0
George Soros 2013-06-30 Sold Out 0.13%$30.28 - $36.91 $ 27.96-16%0
James Barrow 2013-06-30 New Buy0.06%$30.28 - $36.91 $ 27.96-16%888025
PRIMECAP Management 2013-06-30 Add 33.64%$30.28 - $36.91 $ 27.96-16%294000
John Burbank 2013-03-31 New Buy0.32%$30.41 - $36.17 $ 27.96-15%213110
George Soros 2013-03-31 New Buy0.13%$30.41 - $36.17 $ 27.96-15%291648
Donald Smith 2012-12-31 Sold Out 0.27%$29.27 - $34.77 $ 27.96-10%0
Donald Smith 2012-09-30 Reduce -22.84%0.07%$28.13 - $33.71 $ 27.96-12%251335
Donald Smith 2011-09-30 Add 85.73%0.16%$24.17 - $34.67 $ 27.96-6%326873
Ronald Muhlenkamp 2011-06-30 Sold Out 1.42%$32.76 - $40.26 $ 27.96-22%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about Noble Corp PLC

Low P/B Investor Donald Smith Buys 2 New Stocks
Donald Smith (Trades, Portfolio) & Co. invests in deep-value stocks using an entirely bottom-up approach. Another important aspect of their investing style is that they typically buy stocks with the lowest price-to-tangible book value ratios on the market. Read more...
These Losing Stocks Are Now Outperforming
In search of underperforming value stocks that are on the rebound, I used the GuruFocus All-In-One Screener to search for the following criteria: Read more...
Donald Smith Reveals New Holdings of Tidewater and Noble Corp
Donald Smith’s new additions to his portfolio in the first quarter of 2014 were Noble Corp PLC (NE) and Tidewater Inc. (TDW) according to the Form 13F disclosed today. Donald Smith (Trades, Portfolio) is a deep-value manager employing a strict bottom-up approach. He invests in stocks of out-of-favor companies selling at discounts to tangible book value. He looks for companies in the bottom docile of price-to-tangible book ratios and a positive outlook for earnings potential over the next two to four years. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 7.50
NE's P/E(ttm) is ranked higher than
97% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. NE: 7.50 )
NE' s 10-Year P/E(ttm) Range
Min: 3.21   Max: 45.92
Current: 7.5

3.21
45.92
P/B 0.80
NE's P/B is ranked higher than
85% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. NE: 0.80 )
NE' s 10-Year P/B Range
Min: 0.75   Max: 3.61
Current: 0.8

0.75
3.61
P/S 1.50
NE's P/S is ranked higher than
72% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.35 vs. NE: 1.50 )
NE' s 10-Year P/S Range
Min: 1.4   Max: 7.23
Current: 1.5

1.4
7.23
EV-to-EBIT 9.69
NE's EV-to-EBIT is ranked higher than
91% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 30.00 vs. NE: 9.69 )
NE' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 38.1
Current: 9.69

2.7
38.1
Shiller P/E 7.30
NE's Shiller P/E is ranked higher than
97% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. NE: 7.30 )
NE' s 10-Year Shiller P/E Range
Min: 6.03   Max: 43.98
Current: 7.3

6.03
43.98
Current Ratio 1.57
NE's Current Ratio is ranked higher than
74% of the 149 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.54 vs. NE: 1.57 )
NE' s 10-Year Current Ratio Range
Min: 0.89   Max: 3.86
Current: 1.57

0.89
3.86
Quick Ratio 1.57
NE's Quick Ratio is ranked higher than
77% of the 149 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.30 vs. NE: 1.57 )
NE' s 10-Year Quick Ratio Range
Min: 0.87   Max: 3.86
Current: 1.57

0.87
3.86

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.92
NE's Dividend Yield is ranked higher than
65% of the 75 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.35 vs. NE: 4.92 )
NE' s 10-Year Dividend Yield Range
Min: 0.04   Max: 4.67
Current: 4.92

0.04
4.67
Dividend Payout 0.34
NE's Dividend Payout is ranked higher than
96% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. NE: 0.34 )
NE' s 10-Year Dividend Payout Range
Min: 0.02   Max: 1.59
Current: 0.34

0.02
1.59
Dividend growth (3y) -0.10
NE's Dividend growth (3y) is ranked higher than
69% of the 45 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.30 vs. NE: -0.10 )
NE' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 85.2
Current: -0.1

0
85.2
Yield on cost (5-Year) 17.45
NE's Yield on cost (5-Year) is ranked higher than
86% of the 78 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.05 vs. NE: 17.45 )
NE' s 10-Year Yield on cost (5-Year) Range
Min: 0.14   Max: 16.3
Current: 17.45

0.14
16.3
Share Buyback Rate 0.10
NE's Share Buyback Rate is ranked higher than
93% of the 187 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -6.70 vs. NE: 0.10 )
NE' s 10-Year Share Buyback Rate Range
Min: 1.9   Max: -6.3
Current: 0.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.80
NE's Price/Tangible Book is ranked higher than
87% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.90 vs. NE: 0.80 )
NE' s 10-Year Price/Tangible Book Range
Min: 0.79   Max: 3.81
Current: 0.8

0.79
3.81
Price/DCF (Projected) 2.00
NE's Price/DCF (Projected) is ranked higher than
87% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. NE: 2.00 )
NE' s 10-Year Price/DCF (Projected) Range
Min: 0.67   Max: 95.63
Current: 2

0.67
95.63
Price/Median PS Value 0.50
NE's Price/Median PS Value is ranked higher than
93% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.00 vs. NE: 0.50 )
NE' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 2.25
Current: 0.5

0.24
2.25
Price/Graham Number 0.50
NE's Price/Graham Number is ranked higher than
96% of the 246 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. NE: 0.50 )
NE' s 10-Year Price/Graham Number Range
Min: 0.37   Max: 5.39
Current: 0.5

0.37
5.39
Earnings Yield (Greenblatt) 10.10
NE's Earnings Yield (Greenblatt) is ranked higher than
77% of the 163 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.90 vs. NE: 10.10 )
NE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.6   Max: 36.5
Current: 10.1

2.6
36.5
Forward Rate of Return (Yacktman) -4.50
NE's Forward Rate of Return (Yacktman) is ranked higher than
76% of the 191 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -4.82 vs. NE: -4.50 )
NE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15   Max: 57.3
Current: -4.5

-15
57.3

Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling
Compare:SDRL, ESV, PES, OMVJF, SBR » details
Traded in other countries:NLC.Germany
Noble Corporation is a Swiss corporation. The Company is an offshore drilling contractor for the oil and gas industry. It performs contract drilling services with its fleet of 79 mobile offshore drilling units located worldwide. This fleet consists of 14 semisubmersibles, 14 dynamically positioned drillships, 49 jackups and two submersibles. The fleet count includes two units under construction: one dynamically positioned, ultra-deepwater, harsh environment Globetrotter-class drillship, and one deepwater dynamically positioned semisubmersible. The Company typically employs each drilling unit under an individual contract. The Company's drilling contracts generally contain the following terms: contract duration extending over a specific period of time or a period necessary to drill one or more wells; provisions permitting early termination of the contract by the customer ; options to extend the contract term, generally upon advance notice to the Company and usually at mutually agreed upon rates; payment by the Company of the operating expenses of the drilling unit, including labor costs and the cost of incidental supplies and provisions that allow it to recover certain cost increases from certain of its customers. The Company conducts offshore contract drilling operations, which accounted for approximately 97 percent of operating revenues for the years ended December 31, 2012, 2011 and 2010, respectively. The Company conducts its contract drilling operations principally in the Middle East, India, U.S. Gulf of Mexico, Mexico, the North Sea, Brazil, and West Africa. The Company performs services under labor contracts for drilling and workover activities covering two rigs under a labor contract off the east coast of Canada. The offshore contract drilling industry is a competitive and cyclical business characterized by high capital and maintenance costs. It competes on a worldwide basis, but competition might vary by region at any particular time. Political developments and numerous governmental regulations, which might relate directly or indirectly to the contract drilling industry, affect many aspects of its operations.
» More Articles for NYSE:NE

Headlines

Articles On GuruFocus.com
Enesco Offers Stable Earnings And High Dividends Jun 27 2014 
Ensco Could Be a Good Bet Jun 23 2014 
Low P/B Ratio Seeker Donald Smith Buys 2 New Stocks Jun 18 2014 
These Losing Stocks Are Now Outperforming Jun 13 2014 
Donald Smith Reveals New Holdings of Tidewater and Noble Corp May 14 2014 
James Barrow’s Silent Offshore Oil & Gas Pick Apr 04 2014 
Oil & Gas Part II – Opportunities Among Drilling Contractors Mar 16 2014 
Icahn Did It Again Nov 12 2013 
New Drilling Techniques for Changing Production Preferences Nov 04 2013 
Highest-Earning David Tepper - Five Sell Outs May 15 2013 

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Noble Corporation To Present At The Barclays Capital CEO Energy-Power Conference Aug 20 2014
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NOBLE CORP PLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements... Aug 20 2014
Offshore Drillers Bounce as Ensco Updates Fleet Status Aug 19 2014
Noble Corporation To Host Lunch With Management Aug 19 2014
Noble Corporation To Host Lunch With Management Aug 18 2014
NOBLE CORP PLC Financials Aug 15 2014
Noble Corporation Provides Fleet Contract Status Update Aug 15 2014
Noble Corporation Provides Fleet Contract Status Update Aug 14 2014
[video] Insider buying stocks: Beazer Homes & more Aug 11 2014
NOBLE CORP PLC Files SEC form 10-Q, Quarterly Report Aug 08 2014
Transocean: At Least It's Not Getting Worse? Aug 08 2014
Transocean: Is Weak Rig Market Priced In? Aug 07 2014
Paragon Offshore: Classic Spin-Off With High Dividend Yield Aug 06 2014
Noble Corp Spins Off Paragon Offshore, PGN Commences Trade Aug 05 2014
Seadrill Still A Buy On Revenue Resilience, Says Citi Aug 05 2014
NOBLE CORP PLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of... Aug 05 2014
Midday movers: Amgen, Groupon, Walt Disney & more Aug 04 2014
Deutsche Bank Slashes Noble Price Target By 44% Aug 04 2014
Noble Corporation Completes Spin-Off Of Paragon Offshore Aug 04 2014

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User Comments

Dandu76
ReplyDandu76 - 1 week ago
This company's recent spinoff and recent downgrades of the drilling sector have this stock at a huge buy opportunity. The spinoff puts their fleet age competitive to SDRL as well as the dayrates that come with it. Right now the yield is approx 5.6% as well.
Kkbk124
ReplyKkbk124 - 4 months ago
( current assets - total liabilities + PPE) /outstanding shares = 29. 29*1.5 - 43.5 is the fair value

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