Noble Plc Current Valuation vs. Net Income

NE Stock  USD 33.25  0.65  1.92%   
Based on the measurements of profitability obtained from Noble Plc's financial statements, Noble plc is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Noble Plc's ability to earn profits and add value for shareholders. At present, Noble Plc's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Operating Cash Flow Sales Ratio is expected to grow to 0.26, whereas Days Sales Outstanding is forecasted to decline to 61.50. At present, Noble Plc's Income Before Tax is projected to decrease significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 506 M, whereas Total Other Income Expense Net is forecasted to decline to (65.6 M).
For Noble Plc profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Noble Plc to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Noble plc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Noble Plc's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Noble plc over time as well as its relative position and ranking within its peers.
  

Noble Plc's Revenue Breakdown by Earning Segment

Check out Correlation Analysis.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noble Plc. If investors know Noble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noble Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.63)
Dividend Share
1.7
Earnings Share
3.4
Revenue Per Share
18.385
Quarterly Revenue Growth
0.138
The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Noble plc Net Income vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Noble Plc's current stock value. Our valuation model uses many indicators to compare Noble Plc value to that of its competitors to determine the firm's financial worth.
Noble plc is regarded second in current valuation category among its peers. It is considered to be number one stock in net income category among its peers making up about  0.07  of Net Income per Current Valuation. The ratio of Current Valuation to Net Income for Noble plc is roughly  14.57 . At present, Noble Plc's Net Income is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Noble Plc by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Noble Current Valuation vs. Competition

Noble plc is regarded second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is now estimated at about 38.34 Billion. Noble Plc retains roughly 7.02 Billion in current valuation claiming about 18% of equities under Energy industry.

Noble Net Income vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Noble Plc

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
7.02 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Noble Plc

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
481.9 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Noble Net Income Comparison

Noble Plc is currently under evaluation in net income category among its peers.

Noble Plc Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Noble Plc, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Noble Plc will eventually generate negative long term returns. The profitability progress is the general direction of Noble Plc's change in net profit over the period of time. It can combine multiple indicators of Noble Plc, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive IncomeM3.2 M
Operating Income574.7 M333.4 M
Income Before Tax512.2 M537.9 M
Total Other Income Expense Net-62.5 M-65.6 M
Net Income481.9 M506 M
Income Tax Expense30.3 M56.9 M
Interest Income18.1 M17.2 M
Net Income Applicable To Common Shares152.1 M159.7 M
Net Interest Income-41.1 M-43.1 M
Net Income From Continuing Ops481.9 M506 M
Change To Netincome-64.8 M-61.6 M
Net Income Per Share 3.48  3.66 
Income Quality 1.19  1.47 
Net Income Per E B T 0.94  0.91 

Noble Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Noble Plc. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Noble Plc position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Noble Plc's important profitability drivers and their relationship over time.

Use Noble Plc in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Noble Plc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Noble Plc will appreciate offsetting losses from the drop in the long position's value.

Noble Plc Pair Trading

Noble plc Pair Trading Analysis

The ability to find closely correlated positions to Noble Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noble Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Noble Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Noble plc to buy it.
The correlation of Noble Plc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Noble Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noble plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Noble Plc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Noble Plc position

In addition to having Noble Plc in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Beer and Liquor Thematic Idea Now

Beer and Liquor
Beer and Liquor Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Beer and Liquor theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Beer and Liquor Theme or any other thematic opportunities.
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Check out Correlation Analysis.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project Noble Plc's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Noble plc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Noble Plc's income statement, its balance sheet, and the statement of cash flows.
Potential Noble Plc investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Noble Plc investors may work on each financial statement separately, they are all related. The changes in Noble Plc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Noble Plc's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.