Intrinsiqq
Noble Corporation plc logoNoble Corporation plcNE
$44.01+2.88%
Noble Corporation plc logo

Noble Corporation plc

NE

$44.01

+$1.23 (+2.88%)

⊜ Compare
ProfitabilitySolid marginsGrowthSteady growthCash FlowHealthy conversionValuationRichly valued
What stands out

12.65% operating margin is respectable but not wide. ROIC at 5.35%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.

What's changing

Revenue grew 7.4%, steady but not accelerating. Margins contracted 7.1pp, which offsets some of the top-line progress.

What deserves caution

At 47x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 9.93% to 5.35%, capital efficiency is deteriorating.

Valuation context

47.3x earnings, 24.7x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.

Price History

+57.5%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$7.03B
EPS$0.93
P/E47.32
P/FCF24.75
EV/EBITDA24.31
FCF Yield4.0%
Div. Yield4.59%
Net Debt/FCF5.1x
52-Week Range
$27.97$54.37

Profitability & Returns

Revenue (TTM)

$3.07B

▲ +7.4% YoY

Net Income (TTM)

$150M

▼ -51.7% YoY

Op. Margin

11.37%

▼ -7.1pp YoY

ROIC

4.60%

▼ -4.6pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

$284M

▲ +439.1% YoY

Op. Cash Flow (TTM)

$882M

▲ +45.2% YoY

Net Debt

$1.45B

Cash & Equiv.

$456M

3Y CAGR: +32.5%

3Y CAGR: +59.4%

Continue Research

SourceComputed from the 10-Q filed 24 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 29 Jul 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Noble Corporation (NE) overvalued?

At a P/E of 47.3 and a price-to-free-cash-flow of 24.7, Noble Corporation (NE) trades below a two-stage DCF intrinsic value of about $70.90 per share, so at $44.01 the stock looks undervalued (61.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Noble Corporation scores 46/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Noble Corporation's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $70.90 per share for NE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $53.17. At today's $44.01, that puts the stock about 61.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Noble Corporation a high-quality business?+

Noble Corporation scores 46 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 11.4% operating margin and a 4.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Noble Corporation (NE) pay a dividend, and how much?+

Yes, Noble Corporation pays a regular dividend of about $2.02 per share per year (typically in quarterly installments), a yield of roughly 4.6% at the current price. That is a payout ratio of about 215.7% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NE's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Noble Corporation a good stock to buy right now?+

That depends on valuation and quality together, not either alone. NE currently trades below its estimated intrinsic value and scores 46/100 on quality (mixed). It also yields about 4.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Drilling Oil & Gas Wells

Spot a number that looks wrong? Check it in NE's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.