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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 lower than
51% of the 205 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.60 vs. NE: 0.02 )
NE' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.98
Current: 0.02

0.02
0.98
Equity to Asset 0.51
NE's Equity to Asset is ranked higher than
73% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.55 vs. NE: 0.51 )
NE' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.81
Current: 0.51

0.51
0.81
Interest Coverage 10.55
NE's Interest Coverage is ranked higher than
74% of the 136 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.50 vs. NE: 10.55 )
NE' s 10-Year Interest Coverage Range
Min: 0.93   Max: 1193.32
Current: 10.55

0.93
1193.32
F-Score: 6
Z-Score: 1.70
M-Score: -2.62
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 (%) 26.49
NE's Operating margin (%) is ranked higher than
88% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.07 vs. NE: 26.49 )
NE' s 10-Year Operating margin (%) Range
Min: 3.48   Max: 55.37
Current: 26.49

3.48
55.37
Net-margin (%) 18.48
NE's Net-margin (%) is ranked higher than
90% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.09 vs. NE: 18.48 )
NE' s 10-Year Net-margin (%) Range
Min: 0.49   Max: 46.11
Current: 18.48

0.49
46.11
ROE (%) 9.40
NE's ROE (%) is ranked higher than
90% of the 206 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -0.41 vs. NE: 9.40 )
NE' s 10-Year ROE (%) Range
Min: 0.31   Max: 29.5
Current: 9.4

0.31
29.5
ROA (%) 4.83
NE's ROA (%) is ranked higher than
90% of the 213 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -0.42 vs. NE: 4.83 )
NE' s 10-Year ROA (%) Range
Min: 0.22   Max: 21.96
Current: 4.83

0.22
21.96
ROC (Joel Greenblatt) (%) 7.59
NE's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 204 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.45 vs. NE: 7.59 )
NE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.85   Max: 32.52
Current: 7.59

1.85
32.52
Revenue Growth (%) 14.80
NE's Revenue Growth (%) is ranked higher than
77% of the 134 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.40 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
75% of the 118 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.10 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
76% of the 127 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -2.20 vs. NE: 0.40 )
NE' s 10-Year EPS Growth (%) Range
Min: -36.9   Max: 154.6
Current: 0.4

-36.9
154.6
» NE's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

NE Guru Trades in Q1 2013

George Soros 291,648 sh (New)
Jeremy Grantham 17,600 sh (New)
John Burbank 213,110 sh (New)
Louis Moore Bacon 1,060,000 sh (+253.33%)
Richard Snow 236,054 sh (+10.38%)
Mario Gabelli 27,120 sh (unchged)
PRIMECAP Management 220,000 sh (unchged)
Paul Tudor Jones Sold Out
David Tepper Sold Out
First Pacific Advisors 1,259,300 sh (-2.37%)
Private Capital 615,947 sh (-4.09%)
Jim Simons 1,364,800 sh (-5.07%)
Steven Cohen 13,019 sh (-96.49%)
» More
Q2 2013

NE Guru Trades in Q2 2013

James Barrow 888,025 sh (New)
Richard Perry 1,515,000 sh (New)
Steven Cohen 697,404 sh (+5256.82%)
PRIMECAP Management 294,000 sh (+33.64%)
Richard Snow 278,623 sh (+18.03%)
Eric Mindich 1,000,000 sh (unchged)
Mario Gabelli 27,120 sh (unchged)
George Soros Sold Out
John Burbank Sold Out
Private Capital 605,372 sh (-1.72%)
First Pacific Advisors 1,205,400 sh (-4.28%)
Jeremy Grantham 15,900 sh (-9.66%)
Louis Moore Bacon 457,500 sh (-56.84%)
Jim Simons 92,800 sh (-93.2%)
» More
Q3 2013

NE Guru Trades in Q3 2013

James Barrow 2,968,585 sh (+234.29%)
Jeremy Grantham 17,500 sh (+10.06%)
Mario Gabelli 27,120 sh (unchged)
Louis Moore Bacon 300,000 sh (unchged)
PRIMECAP Management 294,000 sh (unchged)
Richard Perry 1,515,000 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)
Jim Simons Sold Out
Richard Perry Sold Out
Richard Snow 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
» Details

Insider Trades

Latest Guru Trades with NE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Richard Perry 2013-12-31 Sold Out 1.4%$36.11 - $40.41 $ 30.8-19%0
James Barrow 2013-09-30 Add 234.29%0.13%$37.04 - $41.14 $ 30.8-21%2968585
Richard Perry 2013-06-30 New Buy1.5%$34.67 - $42.26 $ 30.8-20%1515000
John Burbank 2013-06-30 Sold Out 0.32%$34.67 - $42.26 $ 30.8-20%0
George Soros 2013-06-30 Sold Out 0.13%$34.67 - $42.26 $ 30.8-20%0
James Barrow 2013-06-30 New Buy0.06%$34.67 - $42.26 $ 30.8-20%888025
PRIMECAP Management 2013-06-30 Add 33.64%$34.67 - $42.26 $ 30.8-20%294000
John Burbank 2013-03-31 New Buy0.32%$34.82 - $41.42 $ 30.8-18%213110
George Soros 2013-03-31 New Buy0.13%$34.82 - $41.42 $ 30.8-18%291648
Donald Smith 2012-12-31 Sold Out 0.27%$33.51 - $39.81 $ 30.8-14%0
Donald Smith 2012-09-30 Reduce -22.84%0.07%$32.21 - $38.6 $ 30.8-16%251335
Donald Smith 2011-09-30 Add 85.73%0.16%$27.68 - $39.7 $ 30.8-10%326873
Ronald Muhlenkamp 2011-06-30 Sold Out 1.42%$37.51 - $46.1 $ 30.8-25%0
Ronald Muhlenkamp 2011-03-31 Reduce -31.6%0.66%$35.64 - $46.12 $ 30.8-24%213690
Mario Gabelli 2011-03-31 Reduce -92.61%0.13%$35.64 - $46.12 $ 30.8-24%36020
George Soros 2011-03-31 Sold Out $35.64 - $46.12 $ 30.8-24%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

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Top Ranked Articles about Noble Corporation PLC

Highest-Earning David Tepper - Five Sell Outs
Highest-earning investor Guru David Tepper, founder of Appaloosa Management, sold out holdings in five companies in the first quarter of 2013. The true alpha investor is letting go of companies dealing in automobiles, application software, oil and gas drilling, and metals and mining. Here’s a review of the billionaire philanthropist’s sells along with an interactive valuation chart to track share prices over 10 years. All trades were made as of quarter ending March 31, 2013. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 10.10
NE's P/E(ttm) is ranked higher than
81% of the 103 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 12.10 vs. NE: 10.10 )
NE' s 10-Year P/E(ttm) Range
Min: 3.67   Max: 52.56
Current: 10.1

3.67
52.56
P/B 0.90
NE's P/B is ranked higher than
78% of the 200 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.29 vs. NE: 0.90 )
NE' s 10-Year P/B Range
Min: 0.89   Max: 4.14
Current: 0.9

0.89
4.14
P/S 1.84
NE's P/S is ranked higher than
59% of the 184 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.90 vs. NE: 1.84 )
NE' s 10-Year P/S Range
Min: 1.66   Max: 8.27
Current: 1.84

1.66
8.27
EV-to-EBIT 12.00
NE's EV-to-EBIT is ranked higher than
68% of the 145 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.00 vs. NE: 12.00 )
NE' s 10-Year EV-to-EBIT Range
Min: 3.1   Max: 43.4
Current: 12

3.1
43.4
Shiller P/E 7.90
NE's Shiller P/E is ranked higher than
86% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.20 vs. NE: 7.90 )
NE' s 10-Year Shiller P/E Range
Min: 6.92   Max: 50.34
Current: 7.9

6.92
50.34

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.26
NE's Dividend Yield is ranked higher than
58% of the 66 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.99 vs. NE: 3.26 )
NE' s 10-Year Dividend Yield Range
Min: 0.03   Max: 3.22
Current: 3.26

0.03
3.22
Dividend Payout 0.25
NE's Dividend Payout is ranked higher than
79% of the 57 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.37 vs. NE: 0.25 )
NE' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.38
Current: 0.25

0.03
0.38
Dividend growth (3y) -0.10
NE's Dividend growth (3y) is ranked higher than
66% of the 35 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.80 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) 11.52
NE's Yield on cost (5-Year) is ranked higher than
83% of the 69 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.03 vs. NE: 11.52 )
NE' s 10-Year Yield on cost (5-Year) Range
Min: 0.1   Max: 11.24
Current: 11.52

0.1
11.24
Share Buyback Rate 0.10
NE's Share Buyback Rate is ranked higher than
93% of the 169 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -8.10 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 0.90
NE's Price/Tangible Book is ranked higher than
84% of the 194 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. NE: 0.90 )
NE' s 10-Year Price/Tangible Book Range
Min: 0.89   Max: 3.68
Current: 0.9

0.89
3.68
Price/DCF (Projected) 1.80
NE's Price/DCF (Projected) is ranked higher than
59% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. NE: 1.80 )
NE' s 10-Year Price/DCF (Projected) Range
Min: 0.92   Max: 15.76
Current: 1.8

0.92
15.76
Price/Median PS Value 0.50
NE's Price/Median PS Value is ranked higher than
86% of the 174 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.80 vs. NE: 0.50 )
NE' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 1.75
Current: 0.5

0.27
1.75
Price/Graham Number 0.60
NE's Price/Graham Number is ranked higher than
89% of the 103 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.90 vs. NE: 0.60 )
NE' s 10-Year Price/Graham Number Range
Min: 0.43   Max: 6.16
Current: 0.6

0.43
6.16
Earnings Yield (Greenblatt) 8.30
NE's Earnings Yield (Greenblatt) is ranked higher than
70% of the 138 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.80 vs. NE: 8.30 )
NE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.3   Max: 32
Current: 8.3

2.3
32
Forward Rate of Return (Yacktman) -9.70
NE's Forward Rate of Return (Yacktman) is ranked higher than
73% of the 162 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -8.96 vs. NE: -9.70 )
NE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.8   Max: 57.1
Current: -9.7

-14.8
57.1

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.

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User Comments

Kkbk124
ReplyKkbk124 - 3 weeks ago
( current assets - total liabilities + PPE) /outstanding shares = 29. 29*1.5 - 43.5 is the fair value

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