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National Oilwell Varco Inc Stock Research

NOV

18.16USD+0.17(+0.94%)Delayed

Market Summary

USD18.16+0.17
Delayed
0.94%

NOV Alerts

NOV Stock Price

NOV RSI Chart

NOV Valuation

Market Cap

7.1B

Price/Earnings (Trailing)

46.02

Price/Sales (Trailing)

0.99

EV/EBITDA

12.63

Price/Free Cashflow

-18.15

NOV Price/Sales (Trailing)

NOV Profitability

Operating Margin

18.43%

EBT Margin

3.29%

Return on Equity

3.04%

Return on Assets

1.53%

Free Cashflow Yield

-5.51%

NOV Fundamentals

NOV Revenue

Revenue (TTM)

7.2B

Revenue Y/Y

36.65%

Revenue Q/Q

9.74%

NOV Earnings

Earnings (TTM)

155.0M

Earnings Y/Y

360%

Earnings Q/Q

225%

Price Action

52 Week Range

13.9824.83
(Low)(High)

Last 7 days

-20.1%

Last 30 days

-24.7%

Last 90 days

-11.1%

Trailing 12 Months

-6.4%

NOV Financial Health

Current Ratio

2.25

Debt/Equity

0.34

Debt/Cashflow

-0.1

NOV Investor Care

Dividend Yield

1.1%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

0.04%

Diluted EPS (TTM)

0.39

Peers (Alternatives to National Oilwell Varco)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
412.4B
413.7B
-13.74% 35.32%
7.4
1
44.83% 141.93%
298.1B
246.3B
-9.27% -0.38%
8.41
1.21
51.57% 126.98%
65.6B
28.1B
-20.92% 15.86%
19.06
2.33
22.51% 82.93%
60.4B
37.1B
-12.29% 4.78%
4.68
1.64
40.97% 472.95%
28.1B
20.3B
-22.56% -11.72%
17.91
1.39
32.70% 7.89%
MID-CAP
7.1B
7.2B
-24.71% -6.41%
46.02
0.99
31.01% 162.00%
5.6B
6.7B
-10.27% 78.95%
-52.26
0.84
4.64% -906.02%
5.2B
3.8B
-20.14% 10.11%
33.24
1.35
23.77% 36.78%
4.2B
2.6B
-20.71% 46.97%
-6.71
1.62
0.74% -4.90%
3.7B
2.4B
-22.78% -7.27%
23.62
1.55
71.41% 150.63%
SMALL-CAP
942.1M
362.1M
-14.83% -24.54%
2.1K
2.6
12.12% 100.35%
478.2M
737.7M
-17.93% 17.10%
-50.13
0.65
28.71% 85.09%
331.8M
815.6M
-14.74% -3.62%
-17.11
0.47
32.66% 18.38%
141.8M
699.9M
-19.75% 11.59%
38.21
0.2
29.36% 104.49%
26.3M
17.8M
-9.61% -6.49%
19.11
1.48
62.85% 175.25%

Financials for National Oilwell Varco

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.3%7,237,000,0006,681,000,0006,133,000,0005,823,000,0005,524,000,000
Gross Profit22.0%1,334,000,0001,093,000,000910,000,000832,000,000774,000,000
  S&GA Expenses6.4%1,070,000,0001,006,000,000921,000,000899,000,000908,000,000
EBITDA39.0%617,000,000444,000,000319,000,000232,000,000-
EBITDA Margin28.3%0.090.070.050.04-
Earnings Before Taxes250.0%238,000,00068,000,000-56,000,000-145,000,000-230,000,000
EBT Margin223.1%0.030.01-0.01-0.02-
Interest Expenses2.6%78,000,00076,000,00076,000,00076,000,00077,000,000
Net Income1092.3%155,000,00013,000,000-88,000,000-181,000,000-250,000,000
Net Income Margin1000.6%0.020.00-0.01-0.03-
Free Cahsflow22.8%-393,000,000-509,000,000-278,000,00017,000,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.8%10,1359,7619,7009,5539,550
  Current Assets6.1%5,4935,1795,0934,9494,902
    Cash Equivalents7.1%1,0699981,2181,4061,591
  Inventory3.3%1,8131,7551,5911,4401,331
  Net PPE1.4%1,7811,7571,7611,8061,823
  Goodwill-0.3%1,5001,5051,4981,5251,527
Liabilities3.5%5,0014,8314,7284,5434,486
  Current Liabilities8.5%2,4372,2472,1711,9791,910
  Long Term Debt0.3%1,7301,7241,7141,713-
    LT Debt, Current30.0%13.0010.0010.005.005.00
    LT Debt, Non Current-0.2%1,7171,7201,7141,7091,708
Shareholder's Equity4.7%5,0964,8684,9725,0104,997
  Retained Earnings3.9%-2,069-2,154-2,166-2,216-2,146
  Additional Paid-In Capital0.4%8,7548,7188,7008,6908,685
Accumulated Depreciation-3,132----
Shares Outstanding0.0%393393393393393
Minority Interest-38.7%38.0062.0063.0064.0067.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations39.7%-179-297-86.00215291
  Share Based Compensation-11.8%67.0076.0078.00--
Cashflow From Investing10.9%-238-267-196-194-196
Cashflow From Financing-7.9%-96.00-89.00-59.00-222-189
  Dividend Payments-0.8%78.0079.0078.0080.0020.00

Risks for NOV

What is the probability of a big loss on NOV?

89.2%


Probability that National Oilwell Varco stock will be more than 20% underwater in next one year

85.4%


Probability that National Oilwell Varco stock will be more than 30% underwater in next one year.

44.2%


Probability that National Oilwell Varco stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NOV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if National Oilwell Varco was unfortunately bought at previous high price.

Drawdowns

Returns for NOV

Cumulative Returns on NOV

-10.7%


10-Year Cumulative Returns

-7.8%


7-Year Cumulative Returns

-12.9%


5-Year Cumulative Returns

21.4%


3-Year Cumulative Returns

What are the long-term rolling returns for NOV?

FIve years rolling returns for National Oilwell Varco.

Annualized Returns

Which funds bought or sold NOV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-6.53
291,857
1,705,860
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-48.04
-14,000
30,000
-%
2023-03-01
Goehring & Rozencwajg Associates, LLC
new
-
2,565,150
2,565,150
0.91%
2023-02-28
Voya Investment Management LLC
added
0.4
241,888
1,056,890
-%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
12.00
2,012
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
11.9
405,000
1,316,000
0.01%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-5.02
9,231
50,231
-%
2023-02-21
KB FINANCIAL PARTNERS, LLC
sold off
-100
-3,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-35.92
-158,607
759,393
0.02%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-71,000
-
-%

1–10 of 45

Latest Funds Activity

Are funds buying NOV calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NOV
No. of Funds

National Oilwell Varco News

InvestorsObserver

How Will the Market React to Nov Inc (NOV) Stock Getting a Bearish Rating.

InvestorsObserver,
2 days ago

InvestorsObserver

The Business Journals

Business Wire

Seeking Alpha

24/7 Wall St.

Seeking Alpha

Business Wire

Schedule 13G FIlings of National Oilwell Varco

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hotchkis & wiley capital management llc
4.42%
17,357,305
SC 13G/A
Feb 10, 2023
vanguard group inc
10.00%
39,285,890
SC 13G/A
Feb 09, 2023
first eagle investment management, llc
9.46%
37,173,025
SC 13G/A
Feb 09, 2023
vanguard group inc
9.96%
39,115,992
SC 13G/A
Jan 24, 2023
blackrock inc.
9.5%
37,463,356
SC 13G/A
Jan 23, 2023
pzena investment management llc
7.52%
29,568,913
SC 13G/A
Nov 10, 2022
vanguard group inc
10.02%
39,370,823
SC 13G/A
Feb 11, 2022
hotchkis & wiley capital management llc
7.22%
28,191,545
SC 13G/A
Feb 09, 2022
state street corp
3.45%
13,494,607
SC 13G/A
Feb 01, 2022
blackrock inc.
8.7%
34,095,857
SC 13G

NOV Fair Value

National Oilwell Varco fair value in different scenarios

The table shows the Fair Value estimates for National Oilwell Varco for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

10.31

-43.23%

14.28

-21.37%

17.82

-1.87%

21.00

15.64%

29.17

60.63%
Current Inflation

9.99

-44.99%

13.68

-24.67%

16.94

-6.72%

19.35

6.55%

26.29

44.77%
Very High Inflation

9.57

-47.30%

12.90

-28.96%

15.80

-13.00%

17.35

-4.46%

22.89

26.05%

Historical National Oilwell Varco Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of National Oilwell Varco

View All Filings
Date Filed Form Type Document
Mar 01, 2023
4
Insider Trading
Feb 28, 2023
8-K
Current Report
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading

Latest Insider Trading transactions for NOV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
MATTSON ERIC L
sold
-452,919
21.9002
-20,681
-
2023-02-27
Novak Christy Lynn
acquired
81,060
15.00
5,404
vp, corp. controller, cao
2023-02-27
Novak Christy Lynn
sold
-210,019
21.861
-9,607
vp, corp. controller, cao
2023-02-25
Bayardo Jose A
sold (taxes)
-94,762
21.65
-4,377
senior vp and cfo
2023-02-25
Weinstock Craig L.
sold (taxes)
-56,852
21.65
-2,626
sr. vp. & gen. counsel
2023-02-25
Shelton Kirk M.
sold (taxes)
-63,174
21.65
-2,918
see remarks
2023-02-25
WILLIAMS CLAY C
sold (taxes)
-300,069
21.65
-13,860
chairman, president and ceo
2023-02-25
Rovig Joseph W
sold (taxes)
-63,174
21.65
-2,918
president - rig technologies
2023-02-25
Novak Christy Lynn
sold (taxes)
-12,037
21.65
-556
vp, corp. controller, cao
2023-02-25
Joseph Isaac H.
sold (taxes)
-63,174
21.65
-2,918
see remarks

1–10 of 50

Clay C. Williams
27000
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.

NOV Income Statement

2022-12-31
Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue   
Revenue$ 7,237$ 5,524$ 6,090
Cost of revenue   
Cost of revenue5,9034,7505,656
Gross profit1,334774434
Selling, general and administrative1,070908968
Goodwill and indefinite-lived intangible asset impairment  1,378
Long-lived asset impairment  513
Operating profit (loss)264(134)(2,425)
Interest and financial costs(78)(77)(84)
Interest income1997
Equity income (loss) in unconsolidated affiliates68(5)(260)
Other income (expense), net(35)(23)(17)
Income (Loss) before income taxes238(230)(2,779)
Provision (benefit) for income taxes8315(242)
Net income (loss)155(245)(2,537)
Net income (loss) attributable to noncontrolling interests 55
Net income (loss) attributable to Company$ 155$ (250)$ (2,542)
Net income (loss) attributable to Company per share:   
Basic$ 0.40$ (0.65)$ (6.62)
Diluted0.39(0.65)(6.62)
Cash dividends per share$ 0.20$ 0.05$ 0.05
Weighted average shares outstanding:   
Basic390386384
Diluted394386384
Sales [Member]   
Revenue   
Revenue$ 4,873$ 3,769$ 4,409
Cost of revenue   
Cost of revenue4,1463,3694,313
Service [Member]   
Revenue   
Revenue1,4821,1141,091
Cost of revenue   
Cost of revenue1,186951929
Rental [Member]   
Revenue   
Revenue882641590
Cost of revenue   
Cost of revenue$ 571$ 430$ 414

NOV Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,069$ 1,591
Receivables, net1,7391,321
Inventories, net1,8131,331
Contract assets685461
Prepaid and other current assets187198
Total current assets5,4934,902
Property, plant and equipment, net1,7811,823
Lease right-of-use assets, operating346361
Lease right-of-use assets, financing171176
Goodwill1,5051,527
Intangibles, net490503
Investment in unconsolidated affiliates11750
Other assets232208
Total assets10,1359,550
Current liabilities:  
Accounts payable906612
Accrued liabilities959778
Contract liabilities444392
Current portion of lease liabilities8799
Current portion of long-term debt135
Accrued income taxes2824
Total current liabilities2,4371,910
Long-term debt1,7171,708
Lease liabilities549576
Deferred income taxes6866
Other liabilities230226
Total liabilities5,0014,486
Commitments and contingencies
Stockholders’ equity:  
Common stock - par value $.01; 1 billion shares authorized; 392,832,752 and 392,673,077 shares issued and outstanding at December 31, 2022 and December 31, 202144
Additional paid-in capital8,7548,685
Accumulated other comprehensive loss(1,593)(1,546)
Retained earnings(2,069)(2,146)
Total Company stockholders' equity5,0964,997
Noncontrolling interests3867
Total stockholders’ equity5,1345,064
Total liabilities and stockholders’ equity$ 10,135$ 9,550