Noble Corporation PLC (NE) vs Seadrill Limited (SDRL)

Noble Corporation PLC and Seadrill Limited are both Oil & Gas Drilling companies. Noble Corporation PLC is the larger, with a market value of $7.0B against $2.9B — 2.4× the size. Noble Corporation PLC trades at the lower P/E: 45.1× against 1,519×. Seadrill Limited grew revenue faster over the last twelve months: 13.1% against −11.1%. Noble Corporation PLC has the higher net margin (4.88% vs 0.07%) and the higher return on invested capital (3.68% vs 2.29%). Across the 20 metrics below, Noble Corporation PLC leads on 11 and Seadrill Limited on 9.

Valuation

Metric NE SDRL Oil & Gas Drilling median
P/E 45.07 1,519.00 —
P/S 2.23 1.84 1.37
P/B 1.52 0.99 1.35
Price to free cash flow 11.00 n/m 15.47
EV/EBITDA 8.99 8.26 8.26
EV/Sales 2.70 2.10 2.31
Earnings yield 2.22% 0.07% (2.10%)
Free cash flow yield 9.09% (4.64%) 3.40%

Profitability

Metric NE SDRL Oil & Gas Drilling median
Gross margin 39.78% 49.54% 39.29%
Operating margin 11.37% 7.77% 7.77%
Net margin 4.88% 0.07% 0.00%
Free cash flow margin 20.25% (8.55%) 4.46%
Return on equity 3.28% 0.03% (2.78%)
Return on assets 2.01% 0.02% (1.64%)
Return on invested capital 3.68% 2.29% 2.29%

Growth

Metric NE SDRL Oil & Gas Drilling median
Revenue growth (TTM) (11.10%) 13.06% 4.14%
EPS growth (last fiscal year) (54.39%) (119.47%) —
Revenue growth, 5-year CAGR 27.79% 6.29% 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NE SDRL Oil & Gas Drilling median
Debt to equity 0.42 0.26 0.61
Current ratio 1.91 2.50 1.89
Net debt to EBITDA 1.52 0.87 0.90

Dividend

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

Size

Metric NE SDRL Oil & Gas Drilling median
Market cap 6.98b 2.90b 3.98b

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