Noble Financial Statements From 2010 to 2025
| NE Stock | USD 22.62 0.07 0.31% |
Check Noble Plc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Noble Plc's main balance sheet or income statement drivers, such as , as well as many indicators such as . Noble financial statements analysis is a perfect complement when working with Noble Plc Valuation or Volatility modules.
Check out the analysis of Noble Plc Correlation against competitors. Noble plc Company Return On Equity Analysis
Noble Plc's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Noble Plc Return On Equity | 0.11 |
Most of Noble Plc's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noble plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Noble plc has a Return On Equity of 0.1076. This is 105.43% lower than that of the Energy Equipment & Services sector and 102.11% lower than that of the Energy industry. The return on equity for all United States stocks is 134.71% lower than that of the firm.
Noble plc Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Noble Plc competition to find correlations between indicators driving Noble Plc's intrinsic value. More Info.Noble plc is regarded second in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers reporting about 0.68 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Noble plc is roughly 1.47 . 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.About Noble Plc Financial Statements
Noble Plc stakeholders use historical fundamental indicators, such as Noble Plc's revenue or net income, to determine how well the company is positioned to perform in the future. Although Noble Plc investors may analyze each financial statement separately, they are all interrelated. For example, changes in Noble Plc's assets and liabilities are reflected in the revenues and expenses on Noble Plc's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Noble plc. Please read more on our technical analysis and fundamental analysis pages.
Noble Corporation plc, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. Noble Corporation plc was founded in 1921 and is based in Altrincham, the United Kingdom. Noble Corp operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 1800 people.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out the analysis of Noble Plc Correlation against competitors. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Petroleum and Natural Gas 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.
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.