Stock NE NOBLE CORPORATION PLC
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Financials Noble Corporation Plc

Equities

NE

GB00BMXNWH07

Oil & Gas Drilling

End-of-day quote Nyse
Other stock markets
 06:00:00 2024-05-16 pm EDT 		5-day change 1st Jan Change
47.71 USD +0.08% Intraday chart for Noble Corporation Plc +1.73% -0.93%
May. 08 Susquehanna Adjusts Price Target on Noble to $49 From $51, Maintains Neutral Rating MT
May. 07 Transcript : Noble Corporation Plc, Q1 2024 Earnings Call, May 07, 2024

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 1,493 5,079 6,780 6,858 - -
Enterprise Value (EV) 1 1,515 5,275 7,005 7,085 6,735 6,285
P/E ratio 9.96 x 21.8 x 14.5 x 14.1 x 8.96 x 6.83 x
Yield - - 1.45% 3.33% 5.12% 8.33%
Capitalization / Revenue 1.76 x 3.59 x 2.62 x 2.58 x 2.22 x 2.07 x
EV / Revenue 1.79 x 3.73 x 2.71 x 2.67 x 2.18 x 1.9 x
EV / EBITDA 15.7 x 14.4 x 8.65 x 7.2 x 5.05 x 4.29 x
EV / FCF -9.3 x 49.5 x 38.2 x 19.3 x 7.37 x 6.45 x
FCF Yield -10.8% 2.02% 2.62% 5.18% 13.6% 15.5%
Price to Book 0.99 x 1.41 x 1.73 x 1.64 x 1.48 x 1.22 x
Nbr of stocks (in thousands) 60,172 134,681 140,774 142,821 - -
Reference price 2 24.81 37.71 48.16 48.02 48.02 48.02
Announcement Date 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,305 964.3 847.8 1,414 2,589 2,654 3,084 3,315
EBITDA 1 329.4 281.4 96.69 365.5 809.9 983.6 1,334 1,466
EBIT 1 -211.1 -92.73 -13.46 218.6 508.6 618.7 961.6 1,174
Operating Margin -16.17% -9.62% -1.59% 15.46% 19.64% 23.31% 31.18% 35.41%
Earnings before Tax (EBT) 1 -909.1 -4,239 356 191.5 512.2 564.8 908.2 1,128
Net income 1 -700.6 -3,978 352.2 168.9 481.9 489.8 771.3 1,003
Net margin -53.67% -412.59% 41.54% 11.95% 18.61% 18.45% 25.01% 30.25%
EPS 2 - - 2.490 1.730 3.320 3.399 5.362 7.032
Free Cash Flow 1 -82.01 124.3 -162.9 106.7 183.6 366.7 914 974
FCF margin -6.28% 12.89% -19.21% 7.54% 7.09% 13.81% 29.64% 29.38%
FCF Conversion (EBITDA) - 44.18% - 29.18% 22.66% 37.28% 68.52% 66.45%
FCF Conversion (Net income) - - - 63.14% 38.09% 74.87% 118.5% 97.12%
Dividend per Share 2 - - - - 0.7000 1.600 2.457 4.000
Announcement Date 2/19/20 3/11/21 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 208.2 210.2 275.2 305.9 622.6 610.1 638.5 697.4 643 637.1 630.7 683.6 716.5 753.8 749.1
EBITDA 1 11.92 27.38 84.39 96.59 157.2 138.5 187.8 282.7 200.8 183.2 216.7 270.8 300.6 323.8 310.3
EBIT 1 -12.78 1.774 57.75 71.72 87.39 68.55 116.5 205.6 117.9 96.52 119.4 176.4 211.8 231.4 221.4
Operating Margin -6.14% 0.84% 20.99% 23.45% 14.04% 11.24% 18.25% 29.48% 18.34% 15.15% 18.93% 25.8% 29.56% 30.7% 29.55%
Earnings before Tax (EBT) 1 130.4 -41.86 40.96 46.66 145.7 92.26 65.14 210 144.9 85.27 108.5 165.5 199.1 225.8 221.3
Net income 1 123.4 -36.66 37.06 33.58 135 108.1 65.82 158.3 149.7 95.48 87.9 138.7 166.6 182.7 187
Net margin 59.29% -17.44% 13.47% 10.98% 21.68% 17.71% 10.31% 22.7% 23.28% 14.99% 13.94% 20.29% 23.26% 24.23% 24.96%
EPS 2 1.700 -0.5400 0.4500 0.4100 0.9200 0.7400 0.4500 1.090 1.030 0.6600 0.6087 0.9619 1.153 1.323 1.298
Dividend per Share 2 - - - - - - - 0.3000 0.4000 - 0.4000 0.4000 0.4000 0.5333 0.5333
Announcement Date 2/16/22 5/2/22 8/8/22 11/3/22 2/27/23 5/3/23 8/2/23 10/31/23 2/22/24 5/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,737 - 21.9 197 225 227 - -
Net Cash position 1 - 343 - - - - 123 573
Leverage (Debt/EBITDA) 11.35 x - 0.2261 x 0.5378 x 0.2783 x 0.2305 x - -
Free Cash Flow 1 -82 124 -163 107 184 367 914 974
ROE (net income / shareholders' equity) -9.55% -238% 59.2% 6.62% 12.8% 12.1% 19.1% 18.6%
ROA (Net income/ Total Assets) -4.31% -63.4% 11.1% 3.41% 8.97% 8.6% 13.1% 13.5%
Assets 1 16,273 6,274 3,169 4,951 5,371 5,695 5,888 7,429
Book Value Per Share 2 - - 24.90 26.80 27.90 29.30 32.40 39.30
Cash Flow per Share - - - 2.880 - - - -
Capex 1 269 149 169 174 391 431 312 308
Capex / Sales 20.59% 15.44% 19.94% 12.33% 15.09% 16.23% 10.13% 9.29%
Announcement Date 2/19/20 3/11/21 2/16/22 2/27/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Noble Corporation Plc

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
48.02 USD
Average target price
59.64 USD
Spread / Average Target
+24.19%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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