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National Oilwell Varco Incorporated
(NOV)
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| Sector: |
Basic Materials |
| Industry: |
Oil & Gas Equipment & Services |
| Stock Type: | Hard Asset |
| Top Industry Grower: | WG |
NOV was last updated 14 days 20 hours 9 minutes ago. Use MrStockQuickie's
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The Numbers
| metric | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | TTM |
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| Return on Capital | 13.6% | 0.3% | 1.8% | 9.4% | 4.9% | 4.9% | 7.3% | 8.7% | 12.7% | 20.6% | 16.7% |
| Equity/Share | $3.68 | $3.38 | $4.77 | $5.32 | $5.73 | $6.45 | $7.49 | $13.27 | $14.23 | $18.76 | $32.01 |
| Earnings/Share | $0.65 | $0.02 | $0.08 | $0.64 | $0.45 | $0.45 | $0.64 | $0.91 | $1.94 | $3.76 | $4.54 |
| FCF/Share | $0.09 | $0.59 | $0.01 | $-0.38 | $0.49 | $-0.01 | $0.74 | $-0.09 | $2.88 | $2.64 | $4.76 |
| Sales/Share | $11.16 | $6.37 | $7.14 | $10.72 | $9.34 | $11.86 | $13.40 | $14.70 | $19.90 | $22.18 | $26.99 |
| Gross Margin | 23.3% | 19.0% | 21.7% | 24.5% | 23.8% | 23.2% | 21.4% | 21.3% | 25.1% | 11.6% | 16.9% |
The Trends
long term trend
| ROIC | BVPS | EPS | FCFPS | SPS |
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| 3% | 5% | 6% | 6% | 3% |
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growth acceleration trend
| ROIC | BVPS | EPS | FCFPS | SPS |
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| 3% | 9% | 6% | 6% | 2% |
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Quick Financial Health
ebit/interest [on debt]
| NOV | EQUITY_INDUSTRY | market |
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| 44.90 | 32.90 | 58.10 |
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cash/debt
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | TTM |
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| 0.18 | 0.43 | 0.12 | -345.6 | 0.17 | 0.05 | 0.33 | 0.09 | 1.45 | 1.33 |
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equity/debt
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | TTM |
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| 1.89 | 2.0 | 3.45 | 2.86 | 1.56 | 1.85 | 3.7 | 5.0 | 5.88 | 9.09 | 8.33 |
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growth
| 10 | 5 | 3 | 1 |
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| 16% | 35% | 19% | -8% |
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assets/liabilities
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | TTM |
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| 1.9 | 2.02 | 2.5 | 2.44 | 1.9 | 1.95 | 2.0 | 2.69 | 2.26 | 2.22 | 2.3 |
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The Ratios
PEG
| Entity | Current | Next Year (Current PE) | Next Year (Forward PE) | Five Year |
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| NOV | 0.16 | -4.09 | -3.81 | 0.30 | | Industry | 0.25 | 0.32 | 0.69 | 4.94 | | Market | 0.38 | 0.74 | 0.70 | 1.07 |
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Valuations
| Entity | Price/Earnings | Price/Book | Price/Sales | Price/Cash Flow | Div. Yield (%) |
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| NOV | 5.0 | 0.8 | 0.9 | 4.2 | 0.0 | | Industry | 7.5 | 1.5 | 0.9 | 6.1 | 0.0 | | Market | 13.0 | 2.9 | 1.7 | 9.1 | 3.2 |
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The Pricing Metrics
Growth Rates
| Zacks | Reuters | Thomson Fin. | BVPS | EPS | FCFPS | SPS |
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| 18.5% | 16.0% | 12.0% | 25.2% | 25.8% | 25.8% | 15.5% | | Next Year's Growth Estimate | -1.2% | | Priced-In Growth | 17.2% | | Intrinsic Growth | 23.5% | | WACC | 8.5% |
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Mulitple History
| 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | TTM |
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| 19.5 | -103.0 | 179.7 | 21.0 | 25.8 | 22.3 | 22.7 | 28.3 | 16.5 | 14.2 | 4.9 | | Front Loaded Estimate | 14.0 | | High Growth Estimate | 34.4 | | Five Year Avgerage | 24.5 |
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Quality and Value
Quality (0-10)
| Inferior | Low | Below Avg. | Average | Above Avg. | High | Superior |
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| | | | | | | 10.4 |
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Valuations
| | PE | EPS | PRICE | VALUE/PRICE | MOS |
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| Current Price | 5.0 | $4.51 | $22.74 | 1.000 | 0.0% | | Intrinsic Value | 7.4 | $5.85 | $43.01 | 1.892 | 47.1% | | Discounted Cash Flow (DCF) | --- | --- | $14.67 | 0.645 | -55.0% | | Price Adjusted for Industry | 5.1 | $4.51 | $23.09 | 1.015 | 1.5% | | Price Adjusted for Market | 11.9 | $4.51 | $53.53 | 2.354 | 57.5% | | EPS estimated FY08 Price | 5.0 | $4.98 | $24.74 | 1.088 | 8.1% | | ROIC-WACC Spread | 8.16% | | EPS Quality (OIPS/E) | 1.24 | | Cash Quality (FCFPS/EPS) | 1.03 | | Short % of Float | 1.9% |
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