Noble Corporation PLC
CSE:NOBLE

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Noble Corporation PLC Logo
Noble Corporation PLC
CSE:NOBLE
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Price: 254 DKK 2.83% Market Closed
Market Cap: 36.3B DKK
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Intrinsic Value

The intrinsic value of one NOBLE stock under the Base Case scenario is 663.31 DKK. Compared to the current market price of 254 DKK, Noble Corporation PLC is Undervalued by 62%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

NOBLE Intrinsic Value
663.31 DKK
Undervaluation 62%
Intrinsic Value
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Noble Corporation PLC

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Noble Corporation PLC

Current Assets 1.4B
Cash & Short-Term Investments 391.9m
Receivables 851.2m
Other Current Assets 167.6m
Non-Current Assets 6.6B
PP&E 6.2B
Intangibles 1.6m
Other Non-Current Assets 445.4m
Current Liabilities 900.5m
Accounts Payable 405.9m
Accrued Liabilities 211.8m
Other Current Liabilities 282.8m
Non-Current Liabilities 2.4B
Long-Term Debt 2B
Other Non-Current Liabilities 452.9m
Efficiency

Earnings Waterfall
Noble Corporation PLC

Revenue
2.8B USD
Cost of Revenue
-1.6B USD
Gross Profit
1.1B USD
Operating Expenses
-512.5m USD
Operating Income
633.9m USD
Other Expenses
-132.5m USD
Net Income
501.4m USD

Free Cash Flow Analysis
Noble Corporation PLC

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Noble Corporation reported a strong third quarter, with revenues rising to $764 million from $661 million. Adjusted EBITDA increased to $291 million, reflecting a healthy margin of 36%. The company's backlog stands at $6.2 billion, with $2.6 billion expected for 2025. Fourth quarter guidance estimates revenue of $850-$890 million and adjusted EBITDA between $275-$305 million. The integration of Diamond Offshore is on track for $100 million in synergies, with 75% expected within a year. Despite short-term challenges, management is optimistic about improved free cash flow and backlog growth in the second half of 2025.

What is Earnings Call?
Fundamental Scores

NOBLE Profitability Score
Profitability Due Diligence

Noble Corporation PLC's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
ROE is Increasing
Positive Gross Profit
ROIC is Increasing
54/100
Profitability
Score

Noble Corporation PLC's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

NOBLE Solvency Score
Solvency Due Diligence

Noble Corporation PLC's solvency score is 64/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Long-Term Solvency
Short-Term Solvency
64/100
Solvency
Score

Noble Corporation PLC's solvency score is 64/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NOBLE Price Targets Summary
Noble Corporation PLC

Wall Street analysts forecast NOBLE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NOBLE is 345.36 DKK with a low forecast of 265.2 DKK and a high forecast of 464.35 DKK.

Lowest
Price Target
265.2 DKK
4% Upside
Average
Price Target
345.36 DKK
36% Upside
Highest
Price Target
464.35 DKK
83% Upside
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Dividends

Dividend Yield
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Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Safe
0
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Shareholder Yield

Current shareholder yield for NOBLE is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Ownership

NOBLE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Noble Corporation PLC Logo
Noble Corporation PLC

Country

United States of America

Industry

Energy

Market Cap

36.3B DKK

Dividend Yield

0.08%

Description

Noble Corp. Plc operates as a financing subsidiary and special purpose entity. The company is headquartered in Sugar Land, Texas and currently employs 3,800 full-time employees. The company went IPO on 2022-10-03. The firm focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world. The firm provides contract drilling services to the international oil and gas industry with its global fleet of mobile offshore drilling units. The mobile offshore drilling units comprising its offshore rig fleet operate in a global market for contract drilling services and are redeployed to different regions due to changing demands of its customers, which consist primarily of integrated, independent, and government-owned or controlled oil and gas companies throughout the world. Its fleet of mobile offshore drilling units includes Noble Bob Douglas, Noble Don Taylor, Noble Faye Kozack, Noble Gerry de Souza, Noble Globetrotter I, Noble Deliverer, Noble Invincible, Noble Tom Prosser, Noble Regina Allen, and Noble Innovator, among others.

Contact

TEXAS
Sugar Land
13135 Dairy Ashford, Suite 800
+12812766100

IPO

2022-10-03

Employees

3 800

Officers

President, CEO & Director
Mr. Robert W. Eifler
Executive VP & CFO
Mr. Richard B. Barker
Senior Vice President of Operations
Mr. Joey M. Kawaja
Senior Vice President of Marketing & Contracts
Mr. Blake A. Denton
Senior Vice President of Operational Excellence & Sustainability
Ms. Caroline M. Alting
VP, Chief Accounting Officer & Controller
Ms. Jennifer Yeung
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VP & GM of Administration
Tom Madden
Vice President of Investor Relations
Mr. Ian MacPherson
Senior VP, General Counsel & Corporate Secretary
Ms. Jennie P. Howard
Vice President of Communication & Sustainability
Ms. Tine Ostergaard Hansen
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See Also

Discover More
What is the Intrinsic Value of one NOBLE stock?

The intrinsic value of one NOBLE stock under the Base Case scenario is 663.31 DKK.

Is NOBLE stock undervalued or overvalued?

Compared to the current market price of 254 DKK, Noble Corporation PLC is Undervalued by 62%.

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