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Nabors Industries

DB:NBI
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NBI
DB
$131M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Nabors Industries has significant price volatility in the past 3 months.
NBI Share Price and Events
7 Day Returns
-14.7%
DB:NBI
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-90.4%
DB:NBI
-57.2%
Europe Energy Services
-20.9%
DE Market
NBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nabors Industries (NBI) -14.7% -71.4% -88.4% -90.4% -97.3% -97.6%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • NBI underperformed the Energy Services industry which returned -57.2% over the past year.
  • NBI underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
NBI
Industry
5yr Volatility vs Market

Value

 Is Nabors Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nabors Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nabors Industries.

DB:NBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.5%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 21%) (2586%))
13.417
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.51%)
12.63%

Discounted Cash Flow Calculation for DB:NBI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nabors Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:NBI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.63%)
2020 174.46 Analyst x11 154.89
2021 153.47 Analyst x11 120.98
2022 182.00 Analyst x2 127.38
2023 182.60 Est @ 0.33% 113.47
2024 182.80 Est @ 0.11% 100.86
2025 182.74 Est @ -0.04% 89.52
2026 182.47 Est @ -0.14% 79.36
2027 182.08 Est @ -0.22% 70.31
2028 181.59 Est @ -0.27% 62.26
2029 181.03 Est @ -0.31% 55.11
Present value of next 10 years cash flows $974.00
DB:NBI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $181.03 × (1 + -0.39%) ÷ (12.63% – -0.39%)
$1,384.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,384.99 ÷ (1 + 12.63%)10
$421.61
DB:NBI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $974.00 + $421.61
$1,395.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,395.61 / 366.54
$3.81
DB:NBI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NBI represents 0.91419x of NYSE:NBR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91419x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 3.81 x 0.91419
€3.48
Value per share (EUR) From above. €3.48
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €3.48) / €3.48
90.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nabors Industries is available for.
Intrinsic value
>50%
Share price is €0.33 vs Future cash flow value of €3.48
Current Discount Checks
For Nabors Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nabors Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nabors Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nabors Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nabors Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.11
NYSE:NBR Share Price ** NYSE (2020-04-06) in USD $0.36
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nabors Industries.

DB:NBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NBR Share Price ÷ EPS (both in USD)

= 0.36 ÷ -2.11

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nabors Industries is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Nabors Industries is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Nabors Industries's expected growth come at a high price?
Raw Data
DB:NBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
6.5%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nabors Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nabors Industries's assets?
Raw Data
DB:NBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.46
NYSE:NBR Share Price * NYSE (2020-04-06) in USD $0.36
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:NBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NBR Share Price ÷ Book Value per Share (both in USD)

= 0.36 ÷ 5.46

0.07x

* Primary Listing of Nabors Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nabors Industries is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Nabors Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Nabors Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nabors Industries expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nabors Industries expected to grow at an attractive rate?
  • Unable to compare Nabors Industries's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Nabors Industries's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Nabors Industries's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NBI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 6.5%
DB:NBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts -13.3%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NBI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,047 -627 1
2022-12-31 2,545 548 -530 5
2021-12-31 2,260 479 -641 17
2020-12-31 2,508 500 -540 17
2020-04-06
DB:NBI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,043 685 -741
2019-09-30 3,111 680 -661
2019-06-30 3,133 522 -649
2019-03-31 3,123 477 -635
2018-12-31 3,058 326 -652
2018-09-30 2,984 176 -572
2018-06-30 2,866 150 -583
2018-03-31 2,736 39 -489
2017-12-31 2,564 63 -490
2017-09-30 2,395 91 -700
2017-06-30 2,253 186 -678
2017-03-31 2,193 312 -744

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nabors Industries is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Nabors Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Nabors Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NBI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 -1.71 -1.71 -1.71 1.00
2022-12-31 -1.79 -0.88 -2.25 4.00
2021-12-31 -2.02 -1.07 -3.05 11.00
2020-12-31 -1.64 -1.00 -2.31 11.00
2020-04-06
DB:NBI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.11
2019-09-30 -1.88
2019-06-30 -1.85
2019-03-31 -1.84
2018-12-31 -1.95
2018-09-30 -1.80
2018-06-30 -1.94
2018-03-31 -1.69
2017-12-31 -1.75
2017-09-30 -2.52
2017-06-30 -2.44
2017-03-31 -2.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nabors Industries will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Nabors Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nabors Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nabors Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nabors Industries's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nabors Industries does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Nabors Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nabors Industries's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Nabors Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nabors Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NBI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,043.38 -741.11 258.73 50.36
2019-09-30 3,111.20 -661.34 252.77 50.89
2019-06-30 3,132.55 -649.32 256.01 53.34
2019-03-31 3,123.07 -635.39 259.42 53.86
2018-12-31 3,057.62 -651.51 265.82 56.15
2018-09-30 2,983.82 -572.25 268.28 57.71
2018-06-30 2,866.49 -582.65 266.47 56.21
2018-03-31 2,735.93 -488.51 262.35 55.12
2017-12-31 2,564.29 -490.08 251.18 51.07
2017-09-30 2,394.96 -700.08 244.72 44.82
2017-06-30 2,252.58 -678.48 235.79 40.34
2017-03-31 2,192.82 -744.21 228.71 37.18
2016-12-31 2,227.84 -988.65 227.64 33.58
2016-09-30 2,427.76 -824.00 236.09 34.17
2016-06-30 2,755.59 -972.40 252.05 35.41
2016-03-31 3,047.30 -833.65 271.23 37.71
2015-12-31 3,864.44 -322.06 324.33 41.25
2015-09-30 4,909.40 -1,036.15 356.45 81.60
2015-06-30 5,875.61 -690.96 423.38 71.88
2015-03-31 6,629.29 -587.02 481.20 61.40
2014-12-31 6,804.20 -661.77 500.04 49.70
2014-09-30 6,627.34 336.49 542.17
2014-06-30 6,365.17 145.75 531.15
2014-03-31 6,206.16 104.63 528.72
2013-12-31 6,152.02 149.88 479.89 45.44
2013-09-30 6,115.59 155.63 519.44
2013-06-30 6,293.90 309.41 522.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nabors Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nabors Industries has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nabors Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nabors Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nabors Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nabors Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nabors Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nabors Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nabors Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nabors Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nabors Industries Company Filings, last reported 3 months ago.

DB:NBI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,475.56 3,333.22 452.50
2019-09-30 2,761.10 3,517.65 418.94
2019-06-30 2,870.18 3,551.37 395.72
2019-03-31 3,059.96 3,678.43 469.72
2018-12-31 3,155.19 3,586.45 481.80
2018-09-30 3,174.49 3,737.71 388.56
2018-06-30 3,297.17 3,818.86 636.55
2018-03-31 2,943.40 4,256.54 393.59
2017-12-31 3,142.77 4,027.95 365.37
2017-09-30 2,927.22 3,958.81 220.33
2017-06-30 3,072.78 3,740.37 232.04
2017-03-31 3,186.39 3,661.98 228.60
2016-12-31 3,254.80 3,578.63 295.20
2016-09-30 3,598.69 3,476.10 200.65
2016-06-30 3,722.70 3,503.35 255.86
2016-03-31 3,916.20 3,590.28 221.50
2015-12-31 4,293.87 3,661.71 274.59
2015-09-30 4,511.40 3,746.76 276.56
2015-06-30 4,939.38 3,757.72 469.90
2015-03-31 4,967.76 3,825.46 621.17
2014-12-31 4,918.79 4,338.03 536.17
2014-09-30 5,873.23 4,255.33 464.82
2014-06-30 6,081.92 3,956.50 486.34
2014-03-31 6,040.46 3,817.77 424.77
2013-12-31 6,050.37 3,914.30 507.13
2013-09-30 5,906.78 4,047.47 491.94
2013-06-30 6,002.47 4,082.64 607.96
  • Nabors Industries's level of debt (134.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (88.1% vs 134.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Nabors Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Nabors Industries has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.2% per year.
X
Financial health checks
We assess Nabors Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nabors Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nabors Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nabors Industries dividends. Estimated to be 6.28% next year.
If you bought €2,000 of Nabors Industries shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nabors Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nabors Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NBI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.02 3.00
2021-12-31 0.02 8.00
2020-12-31 0.02 9.00
2020-04-06
DB:NBI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.000 0.000
2020-02-25 0.040 6.446
2020-02-20 0.040 1.933
2019-11-01 0.040 1.689
2019-10-30 0.040 2.113
2019-08-01 0.040 2.070
2019-07-30 0.040 1.466
2019-05-01 0.040 1.511
2019-04-30 0.040 1.122
2019-02-28 0.040 1.112
2019-02-27 0.240 7.351
2018-11-07 0.240 8.127
2018-10-31 0.240 4.464
2018-08-01 0.240 3.959
2018-05-03 0.240 3.518
2018-05-02 0.240 3.183
2018-03-01 0.240 3.337
2018-02-28 0.240 3.659
2017-11-03 0.240 3.616
2017-10-24 0.240 4.088
2017-08-03 0.240 3.371
2017-08-02 0.240 3.169
2017-02-17 0.240 2.400
2016-10-28 0.240 1.573
2016-07-29 0.240 2.257
2016-04-29 0.240 2.576
2016-02-19 0.240 2.741
2015-11-03 0.240 3.053
2015-07-24 0.240 2.266
2015-04-24 0.240 1.660
2015-02-20 0.240 1.780
2014-10-24 0.240 1.853
2014-07-24 0.240 1.024
2014-04-25 0.160 0.592
2014-02-21 0.160 0.679
2014-02-19 0.160 0.737
2013-07-31 0.160 0.960
2013-04-30 0.160 1.012
2013-02-27 0.160 1.015

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nabors Industries has not reported any payouts.
  • Unable to verify if Nabors Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nabors Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nabors Industries has not reported any payouts.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Nabors Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nabors Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nabors Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nabors Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anthony Petrello
COMPENSATION $14,742,873
AGE 64
TENURE AS CEO 8.5 years
CEO Bio

Mr. Anthony G. Petrello, also known as Tony, has been the Chief Executive Officer of Nabors Industries Ltd., a holding company of Nabors Exchangeco (Canada) Inc since October 28, 2011 and its President since 1991. Mr. Petrello serves as the Chief Executive Officer at Nabors Industries, Inc. He served as the Chief Operating Officer of Nabors Industries Ltd. since 1991 until October 2011. From 1979 to 1991, he was with the law firm Baker & McKenzie, where he served as Managing Partner of its New York Office from 1986 to 1991. Mr. Petrello has been the Chairman of the Board at Nabors Industries Ltd. since June 2012. He served as Deputy Chairman of Nabors Industries Ltd. from 2003 to June 2012. He has been a Director of Stewart & Stevenson, LLC since February 28, 2011 and Nabors Industries Ltd. since 1991. He serves as a Director of Texas Children's Hospital, Inc. He served as a Director of MediaOnDemand.com. Mr. Petrello holds a J.D. degree from Harvard Law School and B.S. and M.S. degrees in Mathematics from the Yale University.

CEO Compensation
  • Anthony's compensation has increased whilst company is loss making.
  • Anthony's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Nabors Industries management team in years:

6.1
Average Tenure
53.5
Average Age
  • The average tenure for the Nabors Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anthony Petrello

TITLE
Chairman
COMPENSATION
$15M
AGE
64
TENURE
8.5 yrs

William Restrepo

TITLE
Chief Financial Officer
COMPENSATION
$4M
AGE
60
TENURE
6.1 yrs

Mark Andrews

TITLE
Corporate Secretary
COMPENSATION
$438K
AGE
46
TENURE
12.6 yrs

R. Wood

TITLE
VP & Chief Accounting Officer
COMPENSATION
$1M
AGE
47

Sri Valleru

TITLE
Senior VP
TENURE
20.3 yrs

Denny Smith

TITLE
Senior VP of Corporate Development & Investor Relations
TENURE
4.3 yrs

Mike Rasmuson

TITLE
Senior VP

Jade Strong

TITLE
Senior VP & Chief Human Capital Officer

Edgar Rincon

TITLE
Senior Vice President of Western Hemisphere Operations
TENURE
4.8 yrs

Travis Purvis

TITLE
Senior Vice President of Eastern Hemisphere Operations
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Nabors Industries board of directors in years:

7.8
Average Tenure
64
Average Age
  • The tenure for the Nabors Industries board of directors is about average.
Board of Directors

John Yearwood

TITLE
Lead Director
COMPENSATION
$532K
AGE
59
TENURE
8.8 yrs

Anthony Petrello

TITLE
Chairman
COMPENSATION
$15M
AGE
64
TENURE
7.8 yrs

Mike Linn

TITLE
Independent Director
COMPENSATION
$460K
AGE
67
TENURE
8.3 yrs

John Kotts

TITLE
Independent Director
COMPENSATION
$520K
AGE
68
TENURE
6.8 yrs

Tanya Beder

TITLE
Independent Director
COMPENSATION
$459K
AGE
63
TENURE
2.8 yrs

Jim Crane

TITLE
Independent Director
COMPENSATION
$460K
AGE
65
TENURE
8.3 yrs

Tony Chase

TITLE
Independent Director
AGE
64
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Nabors Industries individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 20 Buy William Restrepo Individual 25. Feb 20 25. Feb 20 25,000 €1.63 €40,675
09. Aug 19 Buy Tanya Beder Individual 08. Aug 19 08. Aug 19 50,000 €2.06 €103,188
18. Jun 19 Buy William Restrepo Individual 14. Jun 19 14. Jun 19 177,100 €1.83 €319,963
X
Management checks
We assess Nabors Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nabors Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. It operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; logging-while-drilling systems and services; and an optimization software. Its drilling tools include Acculine MWD tool for well-site handling; AccuSteer tool for downhole drilling dynamics measurements, and annular and bore pressure applications; and AccuMP MWD tool that provides accurate survey, gamma, and continuous inclination data; In addition, the company offers AccuWave, an electromagnetic MWD system for use in various drilling fluid environments; Navigator collaborative guidance and advisory platform that delivers automated directional drilling information and instructions; ROCKit, a directional steering control system; and REVit, an automated real time stick-slip mitigation system. Further, it manufactures and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment, such as robotic systems and downhole tools; and provides automated tubular and tool handling equipment. As of December 31, 2019, the company marketed approximately 366 rigs for land-based drilling operations in the United States and Canada, as well as in 16 other countries worldwide; and 33 rigs for offshore drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is headquartered in Hamilton, Bermuda.

Details
Name: Nabors Industries Ltd.
NBI
Exchange: DB
Founded: 1952
$120,865,261
366,538,250
Website: http://www.nabors.com
Address: Nabors Industries Ltd.
Crown House,
Second Floor,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NBR Common Shares New York Stock Exchange US USD 02. Jan 1968
DB NBI Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
NYSE NBR.PRA 6% PFD CNV SR A New York Stock Exchange US USD 10. May 2018
Number of employees
Current staff
Staff numbers
14,000
Nabors Industries employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:08
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.