(NE) Noble - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: GB00BMXNWH07
Stock: Floaters, Jackups, Drilling Services
Total Rating 57
Risk 75
Buy Signal 0.22
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 9.24% |
| Yield on Cost 5y | 11.80% |
| Yield CAGR 5y | 88.98% |
| Payout Consistency | 100.0% |
| Payout Ratio | 3.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 39.0% |
| Relative Tail Risk | -5.07% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.77 |
| Alpha | 11.90 |
| Character TTM | |
|---|---|
| Beta | 1.524 |
| Beta Downside | 2.237 |
| Drawdowns 3y | |
|---|---|
| Max DD | 63.16% |
| CAGR/Max DD | 0.04 |
Description: NE Noble January 10, 2026
Noble Corporation plc (NYSE: NE) is an offshore drilling contractor that offers contract drilling services worldwide using a fleet of mobile offshore drilling units, including floaters and jack-up rigs. Founded in 1921 and based in Houston, Texas, the company operates within the Oil & Gas Drilling sub-industry.
Key operating metrics (as of the latest FY2023 filing) include an average day-rate of roughly $180,000 for its offshore floaters and a rig utilization rate of about 78 %, both of which are highly sensitive to global oil price trends and the pace of upstream capital spending. The firm carries approximately $2.1 billion of total debt, giving it a leverage ratio near 2.5× EBITDA, which is above the industry median and therefore a material risk factor. A primary sector driver is the cyclical nature of offshore capex, with the International Energy Agency forecasting a modest 2-3 % annual growth in offshore drilling activity through 2028, contingent on sustained oil price levels above $70 /barrel.
If you’re looking to dig deeper into Noble’s valuation and risk profile, the ValueRay platform offers a concise, data-driven snapshot that can help inform your next research step.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 226.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.27 > 1.0 |
| NWC/Revenue: 16.97% < 20% (prev 18.40%; Δ -1.43% < -1%) |
| CFO/TA 0.12 > 3% & CFO 900.8m > Net Income 226.7m |
| Net Debt (1.50b) to EBITDA (1.12b): 1.34 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.8m) vs 12m ago 3.86% < -2% |
| Gross Margin: 23.41% > 18% (prev 0.28%; Δ 2313 % > 0.5%) |
| Asset Turnover: 44.00% > 50% (prev 34.52%; Δ 9.48% > 0%) |
| Interest Coverage Ratio: 3.68 > 6 (EBITDA TTM 1.12b / Interest Expense TTM 147.8m) |
Altman Z'' 1.18
| A: 0.08 (Total Current Assets 1.36b - Total Current Liabilities 779.3m) / Total Assets 7.64b |
| B: 0.04 (Retained Earnings 280.1m / Total Assets 7.64b) |
| C: 0.07 (EBIT TTM 543.8m / Avg Total Assets 7.84b) |
| D: 0.09 (Book Value of Equity 284.5m / Total Liabilities 3.11b) |
| Altman-Z'' Score: 1.18 = BB |
Beneish M -3.00
| DSRI: 0.73 (Receivables 678.3m/752.3m, Revenue 3.45b/2.77b) |
| GMI: 1.20 (GM 23.41% / 27.98%) |
| AQI: 0.99 (AQ_t 0.07 / AQ_t-1 0.07) |
| SGI: 1.24 (Revenue 3.45b / 2.77b) |
| TATA: -0.09 (NI 226.7m - CFO 900.8m) / TA 7.64b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = A |
What is the price of NE shares?
As of February 07, 2026, the stock is trading at USD 39.20 with a total of 2,176,908 shares traded.
Over the past week, the price has changed by +10.05%, over one month by +31.28%, over three months by +38.31% and over the past year by +34.98%.
Over the past week, the price has changed by +10.05%, over one month by +31.28%, over three months by +38.31% and over the past year by +34.98%.
Is NE a buy, sell or hold?
Noble has received a consensus analysts rating of 4.09.
Therefore, it is recommended to buy NE.
- StrongBuy: 5
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.5 | -12% |
| Analysts Target Price | 34.5 | -12% |
| ValueRay Target Price | 46.4 | 18.4% |
NE Fundamental Data Overview February 03, 2026
P/E Trailing = 26.0
P/E Forward = 25.4453
P/S = 1.7229
P/B = 1.2616
Revenue TTM = 3.45b USD
EBIT TTM = 543.8m USD
EBITDA TTM = 1.12b USD
Long Term Debt = 1.98b USD (from longTermDebt, last quarter)
Short Term Debt = 37.6m USD (from shortTermDebt, last fiscal year)
Debt = 1.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.50b USD (from netDebt column, last quarter)
Enterprise Value = 7.16b USD (5.66b + Debt 1.98b - CCE 477.9m)
Interest Coverage Ratio = 3.68 (Ebit TTM 543.8m / Interest Expense TTM 147.8m)
EV/FCF = 18.24x (Enterprise Value 7.16b / FCF TTM 392.3m)
FCF Yield = 5.48% (FCF TTM 392.3m / Enterprise Value 7.16b)
FCF Margin = 11.38% (FCF TTM 392.3m / Revenue TTM 3.45b)
Net Margin = 6.57% (Net Income TTM 226.7m / Revenue TTM 3.45b)
Gross Margin = 23.41% ((Revenue TTM 3.45b - Cost of Revenue TTM 2.64b) / Revenue TTM)
Gross Margin QoQ = 17.58% (prev 20.12%)
Tobins Q-Ratio = 0.94 (Enterprise Value 7.16b / Total Assets 7.64b)
Interest Expense / Debt = 2.05% (Interest Expense 40.5m / Debt 1.98b)
Taxrate = 8.93% (44.0m / 492.3m)
NOPAT = 495.2m (EBIT 543.8m * (1 - 8.93%))
Current Ratio = 1.75 (Total Current Assets 1.36b / Total Current Liabilities 779.3m)
Debt / Equity = 0.44 (Debt 1.98b / totalStockholderEquity, last quarter 4.53b)
Debt / EBITDA = 1.34 (Net Debt 1.50b / EBITDA 1.12b)
Debt / FCF = 3.82 (Net Debt 1.50b / FCF TTM 392.3m)
Total Stockholder Equity = 4.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.89% (Net Income 226.7m / Total Assets 7.64b)
RoE = 4.91% (Net Income TTM 226.7m / Total Stockholder Equity 4.62b)
RoCE = 8.25% (EBIT 543.8m / Capital Employed (Equity 4.62b + L.T.Debt 1.98b))
RoIC = 7.51% (NOPAT 495.2m / Invested Capital 6.60b)
WACC = 9.03% (E(5.66b)/V(7.64b) * Re(11.53%) + D(1.98b)/V(7.64b) * Rd(2.05%) * (1-Tc(0.09)))
Discount Rate = 11.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.31%
[DCF Debug] Terminal Value 74.29% ; FCFF base≈327.4m ; Y1≈324.9m ; Y5≈338.8m
Fair Price DCF = 21.86 (EV 4.97b - Net Debt 1.50b = Equity 3.47b / Shares 158.8m; r=9.03% [WACC]; 5y FCF grow -1.47% → 2.90% )
EPS Correlation: -8.67 | EPS CAGR: 45.09% | SUE: -0.96 | # QB: 0
Revenue Correlation: 86.46 | Revenue CAGR: 46.12% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=-0.029 | Revisions Net=+0 | Analysts=6
EPS next Year (2026-12-31): EPS=1.17 | Chg30d=+0.023 | Revisions Net=-1 | Growth EPS=+53.5% | Growth Revenue=-6.5%
P/E Forward = 25.4453
P/S = 1.7229
P/B = 1.2616
Revenue TTM = 3.45b USD
EBIT TTM = 543.8m USD
EBITDA TTM = 1.12b USD
Long Term Debt = 1.98b USD (from longTermDebt, last quarter)
Short Term Debt = 37.6m USD (from shortTermDebt, last fiscal year)
Debt = 1.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.50b USD (from netDebt column, last quarter)
Enterprise Value = 7.16b USD (5.66b + Debt 1.98b - CCE 477.9m)
Interest Coverage Ratio = 3.68 (Ebit TTM 543.8m / Interest Expense TTM 147.8m)
EV/FCF = 18.24x (Enterprise Value 7.16b / FCF TTM 392.3m)
FCF Yield = 5.48% (FCF TTM 392.3m / Enterprise Value 7.16b)
FCF Margin = 11.38% (FCF TTM 392.3m / Revenue TTM 3.45b)
Net Margin = 6.57% (Net Income TTM 226.7m / Revenue TTM 3.45b)
Gross Margin = 23.41% ((Revenue TTM 3.45b - Cost of Revenue TTM 2.64b) / Revenue TTM)
Gross Margin QoQ = 17.58% (prev 20.12%)
Tobins Q-Ratio = 0.94 (Enterprise Value 7.16b / Total Assets 7.64b)
Interest Expense / Debt = 2.05% (Interest Expense 40.5m / Debt 1.98b)
Taxrate = 8.93% (44.0m / 492.3m)
NOPAT = 495.2m (EBIT 543.8m * (1 - 8.93%))
Current Ratio = 1.75 (Total Current Assets 1.36b / Total Current Liabilities 779.3m)
Debt / Equity = 0.44 (Debt 1.98b / totalStockholderEquity, last quarter 4.53b)
Debt / EBITDA = 1.34 (Net Debt 1.50b / EBITDA 1.12b)
Debt / FCF = 3.82 (Net Debt 1.50b / FCF TTM 392.3m)
Total Stockholder Equity = 4.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.89% (Net Income 226.7m / Total Assets 7.64b)
RoE = 4.91% (Net Income TTM 226.7m / Total Stockholder Equity 4.62b)
RoCE = 8.25% (EBIT 543.8m / Capital Employed (Equity 4.62b + L.T.Debt 1.98b))
RoIC = 7.51% (NOPAT 495.2m / Invested Capital 6.60b)
WACC = 9.03% (E(5.66b)/V(7.64b) * Re(11.53%) + D(1.98b)/V(7.64b) * Rd(2.05%) * (1-Tc(0.09)))
Discount Rate = 11.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.31%
[DCF Debug] Terminal Value 74.29% ; FCFF base≈327.4m ; Y1≈324.9m ; Y5≈338.8m
Fair Price DCF = 21.86 (EV 4.97b - Net Debt 1.50b = Equity 3.47b / Shares 158.8m; r=9.03% [WACC]; 5y FCF grow -1.47% → 2.90% )
EPS Correlation: -8.67 | EPS CAGR: 45.09% | SUE: -0.96 | # QB: 0
Revenue Correlation: 86.46 | Revenue CAGR: 46.12% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=-0.029 | Revisions Net=+0 | Analysts=6
EPS next Year (2026-12-31): EPS=1.17 | Chg30d=+0.023 | Revisions Net=-1 | Growth EPS=+53.5% | Growth Revenue=-6.5%