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NOV Low-Carbon and Renewable Solutions As a leading independent global energy technology and equipment provider, NOV is focused on leveraging its core competencies to help customers improve efficiencies and reliability, lower costs, and reduce the environmental impact of producing energy. The Company has pioneered numerous solutions for the oil & gas industry that economically reduce carbon int…
$20.81
$0.05 (-0.24%)
Price from 12 days ago
Operating margin is thin at 5.65%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.4% YoY. Margins deteriorated 4.2pp alongside, both lines moving the wrong way.
At 53x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 7.86% to 3.11%, capital efficiency is deteriorating.
53.4x earnings, 8.9x 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.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$8.74B
▼ -1.4% YoY
Net Income (TTM)
$145M
▼ -77.2% YoY
Op. Margin
5.65%
▼ -4.2pp YoY
ROIC
3.11%
▼ -4.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$876M
▼ -8.1% YoY
Op. Cash Flow (TTM)
$1.25B
▼ -4.1% YoY
Net Debt
$788M
Cash & Equiv.
$1.55B
5Y CAGR: +7.5%
5Y CAGR: +4.6%
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