Noble Free Cash Flow vs Net Income Analysis

NE Stock

USD 32.56 0.14 0.43%

Noble Plc financial indicator trend analysis is infinitely more than just investigating Noble plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noble plc is a good investment. Please check the relationship between Noble Plc Free Cash Flow and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble plc Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Noble Plc's Free Cash Flow and Net Income is -0.16. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Noble plc, assuming nothing else is changed. The correlation between historical values of Noble Plc's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Noble plc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Noble Plc's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

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.

Most indicators from Noble Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noble plc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.At present, Noble Plc's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 8.02, whereas Selling General Administrative is forecasted to decline to about 106.2 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	68.2M	82.2M	128.4M	170.5M
Cost Of Revenue	855.1M	1.1B	1.8B	931.6M

Total Operating Expenses Cost Of Revenue

Noble Plc fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.77	0.88	0.52	0.47	0.55	0.79	0.72	0.64	0.18	0.12	0.78	-0.16	0.06	0.38	0.26	-0.47	0.88	0.16	0.35	-0.48	0.88	0.78	0.43	0.45	0.26
Total Assets	0.77		0.8	0.84	0.85	0.94	1.0	0.9	0.94	0.47	0.0	1.0	-0.06	-0.04	0.76	0.43	-0.28	0.82	0.18	0.72	-0.47	0.87	0.98	0.75	0.8	0.43
Short Long Term Debt Total	0.88	0.8		0.61	0.49	0.58	0.83	0.86	0.8	0.09	0.01	0.82	-0.44	-0.03	0.41	0.26	-0.47	1.0	0.52	0.39	-0.76	0.99	0.82	0.41	0.65	0.26
Other Current Liab	0.52	0.84	0.61		0.79	0.82	0.84	0.76	0.78	0.59	-0.43	0.84	-0.15	-0.46	0.88	0.45	-0.16	0.65	0.1	0.66	-0.34	0.7	0.83	0.58	0.58	0.45
Total Current Liabilities	0.47	0.85	0.49	0.79		0.92	0.82	0.67	0.77	0.74	0.01	0.83	0.13	-0.03	0.91	0.42	-0.29	0.51	-0.03	0.87	-0.1	0.6	0.8	0.89	0.78	0.42
Total Stockholder Equity	0.55	0.94	0.58	0.82	0.92		0.92	0.82	0.9	0.62	0.0	0.93	0.12	-0.03	0.82	0.46	-0.21	0.6	0.04	0.79	-0.28	0.66	0.92	0.81	0.8	0.46
Property Plant And Equipment Net	0.79	1.0	0.83	0.84	0.82	0.92		0.92	0.94	0.44	-0.03	1.0	-0.1	-0.06	0.73	0.42	-0.28	0.84	0.21	0.69	-0.5	0.88	0.99	0.71	0.79	0.42
Net Debt	0.72	0.9	0.86	0.76	0.67	0.82	0.92		0.95	0.24	-0.1	0.91	-0.3	-0.14	0.56	0.31	-0.37	0.86	0.44	0.51	-0.67	0.88	0.92	0.49	0.75	0.31
Retained Earnings	0.64	0.94	0.8	0.78	0.77	0.9	0.94	0.95		0.39	-0.04	0.94	-0.18	-0.06	0.66	0.47	-0.31	0.8	0.39	0.64	-0.65	0.84	0.95	0.64	0.86	0.47
Accounts Payable	0.18	0.47	0.09	0.59	0.74	0.62	0.44	0.24	0.39		-0.25	0.45	0.43	-0.29	0.83	0.57	-0.29	0.15	-0.32	0.8	0.18	0.23	0.46	0.65	0.39	0.57
Cash	0.12	0.0	0.01	-0.43	0.01	0.0	-0.03	-0.1	-0.04	-0.25		-0.03	0.11	1.0	-0.27	-0.16	-0.15	-0.03	-0.04	-0.09	0.11	-0.03	-0.03	0.35	0.16	-0.16
Non Current Assets Total	0.78	1.0	0.82	0.84	0.83	0.93	1.0	0.91	0.94	0.45	-0.03		-0.08	-0.06	0.74	0.43	-0.28	0.83	0.2	0.69	-0.49	0.88	0.99	0.71	0.79	0.43
Non Currrent Assets Other	-0.16	-0.06	-0.44	-0.15	0.13	0.12	-0.1	-0.3	-0.18	0.43	0.11	-0.08		0.12	0.1	0.2	0.28	-0.42	-0.7	0.11	0.52	-0.38	-0.07	0.17	-0.07	0.2
Cash And Short Term Investments	0.06	-0.04	-0.03	-0.46	-0.03	-0.03	-0.06	-0.14	-0.06	-0.29	1.0	-0.06	0.12		-0.3	-0.17	-0.07	-0.08	-0.04	-0.12	0.12	-0.07	-0.07	0.32	0.14	-0.17
Net Receivables	0.38	0.76	0.41	0.88	0.91	0.82	0.73	0.56	0.66	0.83	-0.27	0.74	0.1	-0.3		0.42	-0.24	0.46	-0.12	0.88	-0.04	0.54	0.7	0.81	0.63	0.42
Common Stock Total Equity	0.26	0.43	0.26	0.45	0.42	0.46	0.42	0.31	0.47	0.57	-0.16	0.43	0.2	-0.17	0.42		-0.13	0.3	0.15	0.37	-0.41	0.33	0.53	0.32	0.41	1.0
Short Term Investments	-0.47	-0.28	-0.47	-0.16	-0.29	-0.21	-0.28	-0.37	-0.31	-0.29	-0.15	-0.28	0.28	-0.07	-0.24	-0.13		-0.47	-0.26	-0.31	0.24	-0.47	-0.3	-0.29	-0.29	-0.13
Non Current Liabilities Total	0.88	0.82	1.0	0.65	0.51	0.6	0.84	0.86	0.8	0.15	-0.03	0.83	-0.42	-0.08	0.46	0.3	-0.47		0.5	0.43	-0.74	0.99	0.83	0.43	0.65	0.3
Inventory	0.16	0.18	0.52	0.1	-0.03	0.04	0.21	0.44	0.39	-0.32	-0.04	0.2	-0.7	-0.04	-0.12	0.15	-0.26	0.5		0.01	-0.77	0.46	0.24	-0.12	0.44	0.15
Other Current Assets	0.35	0.72	0.39	0.66	0.87	0.79	0.69	0.51	0.64	0.8	-0.09	0.69	0.11	-0.12	0.88	0.37	-0.31	0.43	0.01		-0.02	0.5	0.64	0.82	0.73	0.37
Other Stockholder Equity	-0.48	-0.47	-0.76	-0.34	-0.1	-0.28	-0.5	-0.67	-0.65	0.18	0.11	-0.49	0.52	0.12	-0.04	-0.41	0.24	-0.74	-0.77	-0.02		-0.7	-0.55	0.0	-0.49	-0.41
Total Liab	0.88	0.87	0.99	0.7	0.6	0.66	0.88	0.88	0.84	0.23	-0.03	0.88	-0.38	-0.07	0.54	0.33	-0.47	0.99	0.46	0.5	-0.7		0.87	0.51	0.7	0.33
Property Plant And Equipment Gross	0.78	0.98	0.82	0.83	0.8	0.92	0.99	0.92	0.95	0.46	-0.03	0.99	-0.07	-0.07	0.7	0.53	-0.3	0.83	0.24	0.64	-0.55	0.87		0.67	0.78	0.53
Total Current Assets	0.43	0.75	0.41	0.58	0.89	0.81	0.71	0.49	0.64	0.65	0.35	0.71	0.17	0.32	0.81	0.32	-0.29	0.43	-0.12	0.82	0.0	0.51	0.67		0.74	0.32
Short Term Debt	0.45	0.8	0.65	0.58	0.78	0.8	0.79	0.75	0.86	0.39	0.16	0.79	-0.07	0.14	0.63	0.41	-0.29	0.65	0.44	0.73	-0.49	0.7	0.78	0.74		0.41
Common Stock	0.26	0.43	0.26	0.45	0.42	0.46	0.42	0.31	0.47	0.57	-0.16	0.43	0.2	-0.17	0.42	1.0	-0.13	0.3	0.15	0.37	-0.41	0.33	0.53	0.32	0.41

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Noble Plc Account Relationship Matchups

Noble Plc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	248.9M	250.8M	60.2M	97.6M	145.2M	188.9M
Total Assets	8.3B	4.3B	2.1B	5.2B	5.5B	8.9B
Short Long Term Debt Total	3.9B	4.0B	219.9M	672.8M	611.9M	581.3M
Other Current Liab	305.4M	84.4M	105.7M	135.9M	190.1M	277.0M
Total Current Liabilities	516.9M	218.4M	248.4M	667.1M	641.7M	597.9M
Total Stockholder Equity	3.7B	(311.4M)	1.5B	3.6B	3.9B	5.0B
Property Plant And Equipment Net	7.8B	3.6B	1.5B	4.0B	4.1B	7.7B
Net Debt	3.8B	(358.1M)	21.9M	196.6M	244.1M	231.9M
Retained Earnings	2.9B	(1.1B)	102.0M	255.9M	541.2M	514.1M
Accounts Payable	108.2M	95.2M	120.4M	290.7M	395.2M	225.2M
Cash	105.9M	365.0M	194.1M	476.2M	360.8M	340.2M
Non Current Assets Total	7.9B	3.7B	1.6B	4.2B	4.4B	8.0B
Non Currrent Assets Other	85.5M	54.8M	77.2M	141.4M	286.7M	301.0M
Cash And Short Term Investments	105.9M	365.0M	194.1M	476.2M	360.8M	357.7M
Net Receivables	279.7M	189.3M	216.5M	480.0M	588.7M	508.0M
Common Stock Total Equity	2.5M	2.5M	2.5M	1K	900.0	855.0
Liabilities And Stockholders Equity	8.3B	4.3B	2.1B	5.2B	5.5B	8.9B
Non Current Liabilities Total	4.1B	4.4B	324.4M	960.7M	944.5M	897.3M
Other Current Assets	36.5M	47.9M	45.0M	158.8M	112.3M	97.7M
Other Stockholder Equity	807.1M	814.8M	1.4B	3.3B	3.4B	3.5B
Total Liab	4.6B	4.6B	572.8M	1.6B	1.6B	1.5B
Property Plant And Equipment Gross	10.0B	3.6B	1.5B	4.2B	4.6B	8.3B
Total Current Assets	422.1M	602.3M	455.6M	1.1B	1.1B	961.5M
Accumulated Other Comprehensive Income	(58.4M)	(58.0M)	5.4M	3.6M	3.0M	3.2M
Short Term Debt	69.1M	1.9M	3.9M	183.5M	10.6M	10.1M
Common Stock	2.5M	2.5M	2.5M	1K	900.0	855.0
Other Assets	95.0M	57.9M	77.2M	106.8M	96.2M	116.4M
Long Term Debt	3.8B	4.0B	216M	513.1M	586.2M	556.9M
Long Term Debt Total	3.9B	3.8B	4.0B	216M	194.4M	184.7M
Capital Surpluse	699.4M	807.1M	814.8M	1.4B	1.6B	892.0M
Property Plant Equipment	7.8B	3.6B	1.5B	4.0B	3.6B	5.2B
Other Liab	302.3M	353.1M	108.4M	423.8M	381.4M	255.8M
Net Tangible Assets	3.7B	(311.4M)	1.5B	3.5B	3.2B	2.2B
Cash And Equivalents	375.2M	104.6M	343.3M	194.1M	174.7M	320.8M
Net Invested Capital	7.5B	3.7B	1.7B	672.8M	4.5B	4.1B
Non Current Liabilities Other	260.9M	201.0M	95.2M	447.6M	296.0M	293.4M

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Is Energy Equipment & Services 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.

Quarterly Earnings Growth

(0.63)

Dividend Share

1.7

Earnings Share

3.4

Revenue Per Share

18.385

Quarterly Revenue Growth

0.138

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.

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Noble Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Noble Plc fundamental ratios Correlations

Noble Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Noble Plc fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity

Other Stockholder Equity	- 0.77	Inventory
Other Stockholder Equity	- 0.76	Short Long Term Debt Total
Other Stockholder Equity	- 0.74	Non Current Liabilities Total
Total Liab	- 0.7	Other Stockholder Equity
Inventory	- 0.7	Non Currrent Assets Other
Other Stockholder Equity	- 0.67	Net Debt