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Nabors Industries, Ltd. (NYSE: NBR) was formed as a Bermuda exempted company on December 11, 2001. Unless the context requires otherwise, references in this annual report to we, us, our, the Company, or Nabors mean Nabors Industries Ltd., together with our subsidiaries.
$92.63
$0.65 (-0.70%)
Price from 7 days ago
14.79% operating margin is respectable but not wide. ROIC at 10.63%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.7%, steady but not accelerating. Free cash flow declined 268% despite revenue growth, conversion is weakening.
Free cash flow declined 268% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$23M. The business is consuming cash, not generating it.
6.8x earnings, 450.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.23B
▲ +8.7% YoY
Net Income (TTM)
$238M
▲ +262.8% YoY
Op. Margin
11.99%
▲ +0.6pp YoY
ROIC
7.57%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3M
▼ -267.9% YoY
Op. Cash Flow (TTM)
$719M
▲ +19.2% YoY
Net Debt
$1.63B
Cash & Equiv.
$501M
5Y CAGR: +8.3%
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