Noble Corporation Plc

Noble Corporation Plc

NEยทNYSE

$46.65

-0.96%
EnergyOil & Gas Drilling

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.

At a Glance

Live Snapshot
Market Cap$7.44B
EPS1.3600
P/E Ratio34.30
Earnings Date08/04/2026
Noble Corporation Plc

Noble Corporation Plc Fair Value Envelope

NE ยท NYSE

Our analysis suggests that NE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $46.65, this represents a potential HIDDEN relative to our calculated worth for Noble Corporation Plc.

Intrinsic Value
Current Price: $46.65

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$7,708.1B
+ Cash & Equivalents$471.4M
Firm Value$7,708.6B
- Debt$2.0B
Equity Value$7,706.6B
/ Shares Outstanding158,838,811B
DCF Value$48.5K
UNDERVALUED BY 103905%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.9B
$3.8B
$7.6B
$15.2B
$30.5B
$60.9B
$121.8B
$243.6B
$487.3B
$974.5B
Maintenance CapEx
-$207.8M
-$415.6M
-$831.2M
-$1.7B
-$3.3B
-$6.6B
-$13.3B
-$26.6B
-$53.2B
-$106.4B
Owner Earnings
$1.7B
$3.4B
$6.8B
$13.6B
$27.1B
$54.3B
$108.5B
$217.0B
$434.1B
$868.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.6B
$2.9B
$5.4B
$10.0B
$18.5B
$34.2B
$63.3B
$117.3B
$217.1B
$402.1B
Terminal Value represents 88.7% of Enterprise Value