Borr Drilling Limited (BORR) vs Noble Corporation PLC (NE)

Borr Drilling Limited and Noble Corporation PLC are both Oil & Gas Drilling companies. Noble Corporation PLC is the larger, with a market value of $7.0B against $1.3B — 5.2× the size. Borr Drilling Limited has negative trailing earnings, so its P/E is not meaningful; Noble Corporation PLC trades at 45.1×. Borr Drilling Limited grew revenue faster over the last twelve months: 2.71% against −11.1%. Noble Corporation PLC has the higher net margin (4.88% vs −24.0%) and the lower return on invested capital (3.68% vs 4.11%). Both pay a dividend; Noble Corporation PLC yields more (1.43% vs 0.16%). Across the 20 metrics below, Noble Corporation PLC leads on 12 and Borr Drilling Limited on 8.

Valuation

Metric BORR NE Oil & Gas Drilling median
P/E n/m 45.07 —
P/S 1.27 2.23 1.37
P/B 1.35 1.52 1.35
Price to free cash flow n/m 11.00 15.47
EV/EBITDA 9.67 8.99 8.26
EV/Sales 3.63 2.70 2.31
Earnings yield (18.53%) 2.22% (2.10%)
Free cash flow yield (8.35%) 9.09% 3.40%

Profitability

Metric BORR NE Oil & Gas Drilling median
Gross margin 42.08% 39.78% 39.29%
Operating margin 20.84% 11.37% 7.77%
Net margin (23.98%) 4.88% 0.00%
Free cash flow margin (10.63%) 20.25% 4.46%
Return on equity (24.68%) 3.28% (2.78%)
Return on assets (6.91%) 2.01% (1.64%)
Return on invested capital 4.11% 3.68% 2.29%

Growth

Metric BORR NE Oil & Gas Drilling median
Revenue growth (TTM) 2.71% (11.10%) 4.14%
EPS growth (last fiscal year) (46.88%) (54.39%) —
Revenue growth, 5-year CAGR 27.12% 27.79% 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BORR NE Oil & Gas Drilling median
Debt to equity 2.58 0.42 0.61
Current ratio 2.53 1.91 1.89
Net debt to EBITDA 3.67 1.52 0.90

Dividend

Metric BORR NE Oil & Gas Drilling median
Dividend yield 0.16% 1.43% —
Payout ratio 0.00 0.00 0.00

Size

Metric BORR NE Oil & Gas Drilling median
Market cap 1.33b 6.98b 3.98b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack