Noble Plc Earnings Per Share vs. Beta
| NE Stock | USD 45.15 1.06 2.29% |
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 |
Is Noble Plc's industry 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 0.123 | Dividend Share 0.7 | Earnings Share 3.32 | Revenue Per Share 17.79 | Quarterly Revenue Growth 0.04 |
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 Beta vs. Earnings Per Share 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 fourth in earnings per share category among related companies. It is rated below average in beta category among related companies totaling about 0.31 of Beta per Earnings Per Share. The ratio of Earnings Per Share to Beta for Noble plc is roughly 3.25 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Noble Plc by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Noble Plc's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Noble Plc's earnings, one of the primary drivers of an investment's value.Noble Beta vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Noble Plc |
| = | 3.32 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Noble Plc |
| = | 1.02 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Noble Beta Comparison
Noble Plc is currently under evaluation in beta category among related companies.
Beta Analysis
Noble Plc returns are very sensitive to returns on the market. As the market goes up or down, Noble Plc is expected to follow.
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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 3 M | 3.2 M | |
| Operating Income | 615.3 M | 334.6 M | |
| Income Before Tax | 512.2 M | 537.9 M | |
| Total Other Income Expense Net | -103.1 M | -108.2 M | |
| Net Income | 481.9 M | 506 M | |
| Income Tax Expense | 30.3 M | 56.9 M | |
| Interest Income | 18.1 M | 17.2 M | |
| Net Income Applicable To Common Shares | 152.1 M | 159.7 M | |
| Net Interest Income | -41.1 M | -43.1 M | |
| Net Income From Continuing Ops | 481.9 M | 506 M | |
| Change To Netincome | -64.8 M | -61.6 M | |
| Net Income Per Share | 3.48 | 3.66 | |
| Income Quality | 1.19 | 1.13 | |
| 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.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 IT Thematic Idea Now
IT
Information Technology (IT) companies and IT service providers across different domains. The IT theme has 42 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 IT 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.Note that the Noble plc information on this page should be used as a complementary analysis to other Noble Plc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Noble Stock analysis
When running Noble Plc's price analysis, check to measure Noble Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Noble Plc is operating at the current time. Most of Noble Plc's value examination focuses on studying past and present price action to predict the probability of Noble Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Plc's price. Additionally, you may evaluate how the addition of Noble Plc to your portfolios can decrease your overall portfolio volatility.
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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.