Noble Competitors

NE Stock  USD 45.82  3.24  7.61%   
Noble plc competes with Transportadora, CNX Resources, Chord Energy, Matador Resources, and Frontline; as well as few others. The company is active under Energy Equipment & Services sector as part of Energy industry. Analyzing Noble Plc competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Noble Plc to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Noble Plc Correlation with its peers.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

Noble Plc vs Ultrapar Participacoes Correlation

Almost no diversification

The correlation between Noble plc and UGP is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Noble plc and UGP in the same portfolio, assuming nothing else is changed.

Moving together with Noble Stock

  0.81NBR Nabors IndustriesPairCorr
  0.79PDS Precision DrillingPairCorr
  0.79B2W BORR DRILLING NEW Earnings Call This WeekPairCorr
  0.81CAPD Capital DrillingPairCorr

Moving against Noble Stock

  0.71PBCRY Bank Central AsiaPairCorr
  0.42PTAIF PT Astra InternationalPairCorr
  0.41PBCRF PT Bank CentralPairCorr
  0.4OMC Omnicom GroupPairCorr
The current year's Return On Capital Employed is expected to grow to 0.1, whereas Return On Tangible Assets are forecasted to decline to 0.02. At present, Noble Plc's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 316.6 M, whereas Total Current Assets are forecasted to decline to about 986.1 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Plc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
39.6042.3945.18
Details
Intrinsic
Valuation
LowRealHigh
37.9740.7643.55
Details
11 Analysts
Consensus
LowTargetHigh
32.0335.2039.07
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.220.260.30
Details

Noble Plc Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Noble Plc and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Noble and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Noble plc does not affect the price movement of the other competitor.

High positive correlations

MTDRCHRD
UGPRIG
UGPFRO
RIGMTDR
RIGCHRD
RIGFRO
  

High negative correlations

AROCTGS
LBSOBO
LBMTDR
LBCHRD
FROTGS
AROCCNX

Risk-Adjusted Indicators

There is a big difference between Noble Stock performing well and Noble Plc Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Noble Plc's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TGS  1.73 (0.03)(0.02) 0.04  1.96 
 4.45 
 8.50 
CNX  1.62  0.16  0.05  0.56  1.82 
 3.44 
 8.32 
AROC  1.29  0.23  0.11  1.93  1.38 
 2.68 
 6.67 
CHRD  1.79  0.20  0.07  0.51  2.08 
 3.83 
 10.10 
MTDR  1.85  0.27  0.10  0.77  2.06 
 3.50 
 9.76 
FRO  1.83  0.37  0.13  4.01  2.10 
 3.77 
 13.55 
RIG  2.26  0.57  0.18  0.47  2.48 
 7.23 
 15.17 
SOBO  1.16  0.23  0.10 (1.36) 1.21 
 2.27 
 8.35 
LB  3.35 (0.28) 0.00 (0.05) 0.00 
 7.13 
 31.05 
UGP  1.82  0.33  0.12  0.38  2.34 
 3.25 
 13.99 

Cross Equities Net Income Analysis

Compare Noble plc and related stocks such as Transportadora de Gas, CNX Resources Corp, and Archrock Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
Payout RatioCapex To Operating Cash Flow
Pfcf RatioDays Payables Outstanding
Net Current Asset ValueIncome Quality
RoeTangible Asset Value
Ev To Operating Cash FlowPe Ratio
Return On Tangible AssetsEv To Free Cash Flow
Earnings YieldIntangibles To Total Assets
Net Debt To E B I T D ACurrent Ratio
Tangible Book Value Per ShareReceivables Turnover
Shareholders Equity Per ShareDebt To Equity
Capex Per ShareGraham Net Net
Average ReceivablesRevenue Per Share
Interest Debt Per ShareDebt To Assets
Enterprise Value Over E B I T D AGraham Number
Short Term Coverage RatiosPrice Earnings Ratio
Operating CyclePrice Book Value Ratio
Price Earnings To Growth RatioDays Of Payables Outstanding
Dividend Payout RatioPrice To Operating Cash Flows Ratio
Price To Free Cash Flows RatioPretax Profit Margin
Ebt Per EbitOperating Profit Margin
Effective Tax RateCompany Equity Multiplier
Long Term Debt To CapitalizationTotal Debt To Capitalization
Return On Capital EmployedDebt Equity Ratio
Ebit Per RevenueQuick Ratio
Dividend Paid And Capex Coverage RatioNet Income Per E B T
Cash RatioCash Conversion Cycle
Operating Cash Flow Sales RatioDays Of Inventory Outstanding
Days Of Sales OutstandingFree Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage RatiosPrice To Book Ratio
Fixed Asset TurnoverCapital Expenditure Coverage Ratio
Price Cash Flow RatioEnterprise Value Multiple
Debt RatioCash Flow To Debt Ratio
Price Sales RatioReturn On Assets
Asset TurnoverNet Profit Margin
Gross Profit MarginPrice Fair Value
Return On Equity
20102011201220132014201520162017201820192020202120222023202420252026
TGS156.5 M230.7 M239.2 M107.5 M105 M(172.1 M)930.7 M2.8 B11.4 B12.8 B9.7 B127 B219.2 B51.2 B370.2 B425.7 B447 B
CNX183.8 M632.5 M318.4 M660.4 M163.1 M(374.9 M)(848.1 M)380.7 M796.5 M(80.7 M)(483.8 M)(498.6 M)(142.1 M)1.7 B(90.5 M)633.2 M664.8 M
CHRDM79.4 M153.4 M228 M506.9 M(40.2 M)(500.1 M)123.8 M(35.3 M)(128.2 M)(3.7 B)319.6 M1.9 BB848.6 M975.9 MB
MTDR(14.4 M)(10.3 M)(33.3 M)45.1 M110.8 M(679.8 M)(97.4 M)125.9 M274.2 M87.8 M(593.2 M)585 M1.2 B846.1 M885.3 MB1.1 B
FRO4.2 M(529.6 M)(82.8 M)(188.5 M)149.5 M154.6 M117 M(264.9 M)(8.9 M)140 M412.9 M(15 M)475.5 M656.4 M495.6 M569.9 M598.4 M
RIG100 K(5.7 B)(219 M)1.4 B(1.9 B)791 M782 M(3.1 B)(2 B)(1.3 B)(568 M)(591 M)(621 M)(954 M)(512 M)(460.8 M)(437.8 M)
SOBO442 M442 M442 M442 M442 M442 M442 M442 M442 M442 M442 M442 M442 M442 M316 M284.4 M303.2 M
LB(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)(6.4 M)63.2 M5.1 M5.9 M5.6 M
UGP60.4 M848.8 MB1.2 B1.2 B1.5 B1.6 B1.6 B1.2 B373.5 M893.4 M850.5 M1.8 B2.4 B2.4 B2.7 B2.9 B

Noble plc and related stocks such as Transportadora de Gas, CNX Resources Corp, and Archrock Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Noble plc financial statement analysis. It represents the amount of money remaining after all of Noble plc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Noble Plc Competitive Analysis

The better you understand Noble Plc competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Noble Plc's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Noble Plc's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NE TGS CNX AROC CHRD MTDR FRO RIG SOBO LB
 7.61 
 45.82 
Noble
 1.83 
 29.43 
Transportadora
 3.44 
 40.60 
CNX
 0.64 
 29.59 
Archrock
 2.39 
 101.82 
Chord
 2.11 
 47.83 
Matador
 4.14 
 30.92 
Frontline
 8.29 
 6.53 
Transocean
 2.78 
 30.29 
South
 9.33 
 65.25 
LandBridge
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Current Ratio
Net Asset
Profit Margin
EBITDA
Operating Margin
Current Valuation
Price To Book
Retained Earnings
Current Asset
Five Year Return
Beta
Number Of Employees
Shares Outstanding
Cash Flow From Operations
Annual Yield
Total Debt
Return On Equity
Return On Asset
Number Of Shares Shorted
Book Value Per Share
Current Liabilities
Total Asset
Debt To Equity
Short Ratio
Target Price
Last Dividend Paid
Shares Owned By Institutions
Market Capitalization
Price To Earning
Price To Earnings To Growth
Price To Sales
Net Income
Earnings Per Share
Shares Owned By Insiders
Revenue
Working Capital
Cash And Equivalents
Cash Per Share
Gross Profit
Day Typical Price
Accumulation Distribution
Market Facilitation Index
Daily Balance Of Power
Period Momentum Indicator
Rate Of Daily Change
Day Median Price
Price Action Indicator
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Noble Plc Competition Performance Charts

Five steps to successful analysis of Noble Plc Competition

Noble Plc's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Noble plc in relation to its competition. Noble Plc's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Noble Plc in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Noble Plc's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Noble plc, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Electronics
Electronics Theme
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Check out Noble Plc Correlation with its peers.
For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Will Energy Equipment & Services sector continue expanding? Could Noble diversify its offerings? Factors like these will boost the valuation of Noble Plc. Anticipated expansion of Noble directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Noble Plc data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.80)
Dividend Share
2
Earnings Share
1.39
Revenue Per Share
20.622
Quarterly Revenue Growth
(0.01)
Investors evaluate Noble plc using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Noble Plc's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Noble Plc's market price to deviate significantly from intrinsic value.
It's important to distinguish between Noble Plc's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Noble Plc should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Noble Plc's market price signifies the transaction level at which participants voluntarily complete trades.