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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 0.01
NE's Cash to Debt is ranked higher than
56% of the 189 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.28 vs. NE: 0.01 )
NE' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.98
Current: 0.01

0.01
0.98
Equity to Asset 0.49
NE's Equity to Asset is ranked higher than
78% of the 179 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.52 vs. NE: 0.49 )
NE' s 10-Year Equity to Asset Range
Min: 0.49   Max: 0.81
Current: 0.49

0.49
0.81
Interest Coverage 1.20
NE's Interest Coverage is ranked higher than
78% of the 121 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.23 vs. NE: 1.20 )
NE' s 10-Year Interest Coverage Range
Min: 0.93   Max: 1193.32
Current: 1.2

0.93
1193.32
F-Score: 8
Z-Score: 1.40
M-Score: -3.28
WACC vs ROIC
5.11%
1.92%
WACC
ROIC
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 : 7/10

vs
industry
vs
history
Operating margin (%) 10.12
NE's Operating margin (%) is ranked higher than
90% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.27 vs. NE: 10.12 )
NE' s 10-Year Operating margin (%) Range
Min: 3.48   Max: 55.37
Current: 10.12

3.48
55.37
Net-margin (%) 0.21
NE's Net-margin (%) is ranked higher than
89% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.51 vs. NE: 0.21 )
NE' s 10-Year Net-margin (%) Range
Min: 0.26   Max: 46.11
Current: 0.21

0.26
46.11
ROE (%) 0.11
NE's ROE (%) is ranked higher than
90% of the 192 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.87 vs. NE: 0.11 )
NE' s 10-Year ROE (%) Range
Min: 0.11   Max: 32.52
Current: 0.11

0.11
32.52
ROA (%) 0.06
NE's ROA (%) is ranked higher than
88% of the 197 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.62 vs. NE: 0.06 )
NE' s 10-Year ROA (%) Range
Min: 0.06   Max: 24.05
Current: 0.06

0.06
24.05
ROC (Joel Greenblatt) (%) 2.95
NE's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 197 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.52 vs. NE: 2.95 )
NE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.37   Max: 35.08
Current: 2.95

1.37
35.08
Revenue Growth (3Y)(%) 6.10
NE's Revenue Growth (3Y)(%) is ranked higher than
85% of the 123 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.70 vs. NE: 6.10 )
NE' s 10-Year Revenue Growth (3Y)(%) Range
Min: -6.1   Max: 40.9
Current: 6.1

-6.1
40.9
EBITDA Growth (3Y)(%) -3.20
NE's EBITDA Growth (3Y)(%) is ranked higher than
81% of the 111 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.20 vs. NE: -3.20 )
NE' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -18.7   Max: 64.1
Current: -3.2

-18.7
64.1
» NE's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

NE Guru Trades in Q1 2014

Donald Smith 2,712,392 sh (New)
Louis Moore Bacon 100,000 sh (unchged)
Mario Gabelli 22,620 sh (unchged)
Louis Moore Bacon 300,000 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%)
Mario Gabelli 22,620 sh (unchged)
Louis Moore Bacon 100,000 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
Q3 2014

NE Guru Trades in Q3 2014

Paul Tudor Jones 12,800 sh (New)
Donald Smith 4,001,938 sh (+4.25%)
PRIMECAP Management 100,000 sh (unchged)
First Pacific Advisors 778,800 sh (unchged)
James Barrow Sold Out
David Dreman Sold Out
Mario Gabelli 22,500 sh (-0.53%)
Private Capital 297,164 sh (-1.54%)
» More
Q4 2014

NE Guru Trades in Q4 2014

Ray Dalio 373,124 sh (New)
David Dreman 2,007 sh (New)
Steven Cohen 3,532,800 sh (New)
Paul Tudor Jones 37,200 sh (+190.63%)
Private Capital 694,909 sh (+133.85%)
Donald Smith 4,953,024 sh (+23.77%)
First Pacific Advisors 778,800 sh (unchged)
PRIMECAP Management 100,000 sh (unchged)
Mario Gabelli 22,500 sh (unchged)
» 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
Private Capital 2014-12-31 Add 133.85%0.74%$14.52 - $21.83 $ 15.19-20%694909
Donald Smith 2014-12-31 Add 23.77%0.31%$14.52 - $21.83 $ 15.19-20%4953024
Ray Dalio 2014-12-31 New Buy0.05%$14.52 - $21.83 $ 15.19-20%373124
David Dreman 2014-12-31 New Buy$14.52 - $21.83 $ 15.19-20%2007
James Barrow 2014-09-30 Sold Out 0.06%$22.54 - $28.988 $ 15.19-44%0
David Dreman 2014-09-30 Sold Out 0.01%$22.54 - $28.988 $ 15.19-44%0
Donald Smith 2014-06-30 Add 41.52%0.65%$25.948 - $30.028 $ 15.19-45%3838679
David Dreman 2014-06-30 New Buy0.01%$25.948 - $30.028 $ 15.19-45%2788
Donald Smith 2014-03-31 New Buy1.7%$25.31 - $32.72 $ 15.19-46%2712392
James Barrow 2014-03-31 Reduce -36.99%0.05%$25.31 - $32.72 $ 15.19-46%1650175
PRIMECAP Management 2014-03-31 Reduce -65.99%0.01%$25.31 - $32.72 $ 15.19-46%100000
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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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
Forward P/E 13.55
NE's Forward P/E is ranked higher than
88% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 60.98 vs. NE: 13.55 )
N/A
PE(NRI) 133.10
NE's PE(NRI) is ranked higher than
95% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. NE: 133.10 )
NE' s 10-Year PE(NRI) Range
Min: 3.2   Max: 158.75
Current: 133.1

3.2
158.75
P/B 0.60
NE's P/B is ranked higher than
84% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.67 vs. NE: 0.60 )
NE' s 10-Year P/B Range
Min: 0.55   Max: 3.61
Current: 0.6

0.55
3.61
P/S 0.98
NE's P/S is ranked higher than
84% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.13 vs. NE: 0.98 )
NE' s 10-Year P/S Range
Min: 0.89   Max: 7.23
Current: 0.98

0.89
7.23
POCF 2.27
NE's POCF is ranked higher than
89% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.91 vs. NE: 2.27 )
NE' s 10-Year POCF Range
Min: 2.07   Max: 21.15
Current: 2.27

2.07
21.15
EV-to-EBIT 22.72
NE's EV-to-EBIT is ranked higher than
94% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 22.47 vs. NE: 22.72 )
NE' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 38.1
Current: 22.72

2.7
38.1
Shiller P/E 5.71
NE's Shiller P/E is ranked higher than
97% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. NE: 5.71 )
NE' s 10-Year Shiller P/E Range
Min: 5.04   Max: 43.98
Current: 5.71

5.04
43.98
Current Ratio 1.39
NE's Current Ratio is ranked higher than
76% of the 197 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.57 vs. NE: 1.39 )
NE' s 10-Year Current Ratio Range
Min: 1.15   Max: 3.42
Current: 1.39

1.15
3.42
Quick Ratio 1.39
NE's Quick Ratio is ranked higher than
79% of the 197 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.48 vs. NE: 1.39 )
NE' s 10-Year Quick Ratio Range
Min: 1.15   Max: 3.42
Current: 1.39

1.15
3.42
Days Sales Outstanding 50.36
NE's Days Sales Outstanding is ranked higher than
92% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 80.42 vs. NE: 50.36 )
NE' s 10-Year Days Sales Outstanding Range
Min: 50.37   Max: 136.48
Current: 50.36

50.37
136.48

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 9.39
NE's Dividend Yield is ranked higher than
60% of the 94 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.84 vs. NE: 9.39 )
NE' s 10-Year Dividend Yield Range
Min: 0.04   Max: 10.33
Current: 9.39

0.04
10.33
Dividend Payout 0.39
NE's Dividend Payout is ranked higher than
91% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. NE: 0.39 )
NE' s 10-Year Dividend Payout Range
Min: 0.03   Max: 50
Current: 0.39

0.03
50
Dividend growth (3y) 39.20
NE's Dividend growth (3y) is ranked higher than
71% of the 52 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.80 vs. NE: 39.20 )
NE' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 85.2
Current: 39.2

0
85.2
Yield on cost (5-Year) 41.84
NE's Yield on cost (5-Year) is ranked higher than
79% of the 97 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.74 vs. NE: 41.84 )
NE' s 10-Year Yield on cost (5-Year) Range
Min: 0.18   Max: 45.98
Current: 41.84

0.18
45.98
Share Buyback Rate -0.10
NE's Share Buyback Rate is ranked higher than
92% of the 131 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -5.70 vs. NE: -0.10 )
NE' s 10-Year Share Buyback Rate Range
Min: 1.9   Max: -23.5
Current: -0.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.60
NE's Price/Tangible Book is ranked higher than
88% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.77 vs. NE: 0.60 )
NE' s 10-Year Price/Tangible Book Range
Min: 0.76   Max: 3.81
Current: 0.6

0.76
3.81
Price/DCF (Projected) 3.00
NE's Price/DCF (Projected) is ranked higher than
90% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. NE: 3.00 )
NE' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 13.77
Current: 3

0.8
13.77
Price/Median PS Value 0.35
NE's Price/Median PS Value is ranked higher than
92% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.56 vs. NE: 0.35 )
NE' s 10-Year Price/Median PS Value Range
Min: 0.36   Max: 2.18
Current: 0.35

0.36
2.18
Price/Graham Number 3.54
NE's Price/Graham Number is ranked higher than
95% of the 217 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.00 vs. NE: 3.54 )
NE' s 10-Year Price/Graham Number Range
Min: 0.37   Max: 5.39
Current: 3.54

0.37
5.39
Earnings Yield (Greenblatt) 4.40
NE's Earnings Yield (Greenblatt) is ranked higher than
93% of the 198 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.60 vs. NE: 4.40 )
NE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.6   Max: 36.5
Current: 4.4

2.6
36.5
Forward Rate of Return (Yacktman) -12.37
NE's Forward Rate of Return (Yacktman) is ranked higher than
73% of the 94 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.38 vs. NE: -12.37 )
NE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.9   Max: 59.3
Current: -12.37

-15.9
59.3

Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling
Compare:SDRL, ESV, PES, OMVJF, SBR » details
Traded in other countries:NLC.Germany,
Noble Corp PLC 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 mobile offshore drilling units. The Company also owns one floating production storage and offloading unit. The fleet consists of 14 semisubmersibles, 14 drillships, 49 jackups, including 6 units under construction as follows: two dynamically positioned, ultra-deepwater, harsh environment drillships, and four high-specification, heavy-duty, harsh environment jackups. 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 a defined number wells; provisions permitting early termination of the contract by the customer (i) if the unit is lost or destroyed or (ii) if operations are suspended for a specified period of time due to breakdown of equipment; provisions allowing the impacted party to terminate the contract if specified "force majeure" events beyond the contracting parties' control occur for a defined period of time; payment of compensation to the Company (generally in U.S. Dollars although some customers, typically national oil companies, require a part of the compensation to be paid in local currency) on a "daywork" basis, so that it receives a fixed amount for each day ("dayrate") that the drilling unit is operating under contract (a lower rate or no compensation is payable during periods of equipment breakdown and repair or adverse weather or in the event operations are interrupted by other conditions, some of which may be beyond its control); 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 the Company to recover certain cost increases from its customers in certain long-term contracts. The Company conducts offshore contract drilling operations, which accounted for approximately 97 percent of operating revenues for the years ended December 31, 2013, 2012 and 2011. The Company conducts its contract drilling operations principally in the United States, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Asia and Australia. The Company performs services for drilling and workover activities covering one platform with two drilling units 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 with other providers of offshore drilling rigs. 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 NE

Headlines

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