WallStSmart

Borr Drilling Ltd (BORR)vsNoble Corporation plc (NE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Noble Corporation plc generates 204% more annual revenue ($3.11B vs $1.02B). NE leads profitability with a 7.0% profit margin vs 4.4%. BORR trades at a lower P/E of 29.5x. BORR earns a higher WallStSmart Score of 51/100 (C-).

BORR

Buy

51

out of 100

Grade: C-

Growth: 7.3Profit: 6.0Value: 7.7Quality: 5.5
Piotroski: 2/9Altman Z: 0.37

NE

Hold

37

out of 100

Grade: F

Growth: 4.7Profit: 5.0Value: 5.7Quality: 4.8
Piotroski: 1/9Altman Z: 1.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BORRUndervalued (+28.0%)

Margin of Safety

+28.0%

Fair Value

$7.96

Current Price

$4.70

$3.26 discount

UndervaluedFair: $7.96Overvalued
NESignificantly Overvalued (-380.0%)

Margin of Safety

-380.0%

Fair Value

$9.18

Current Price

$46.71

$37.53 premium

UndervaluedFair: $9.18Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BORR3 strengths · Avg: 9.3/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

EPS GrowthGrowth
155.7%10/10

Earnings expanding 155.7% YoY

Operating MarginProfitability
25.9%8/10

Strong operational efficiency at 25.9%

NE1 strengths · Avg: 8.0/10
Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

BORR4 concerns · Avg: 3.3/10
P/E RatioValuation
29.5x4/10

Moderate valuation

Market CapQuality
$1.54B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.1%3/10

ROE of 4.1% — below average capital efficiency

Profit MarginProfitability
4.4%3/10

4.4% margin — thin

NE4 concerns · Avg: 3.5/10
P/E RatioValuation
34.6x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.614/10

Distress zone — elevated risk

Return on EquityProfitability
4.7%3/10

ROE of 4.7% — below average capital efficiency

Profit MarginProfitability
7.0%3/10

7.0% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : BORR

The strongest argument for BORR centers on Price/Book, EPS Growth, Operating Margin.

Bull Case : NE

The strongest argument for NE centers on Price/Book.

Bear Case : BORR

The primary concerns for BORR are P/E Ratio, Market Cap, Return on Equity. Debt-to-equity of 1.80 is elevated, increasing financial risk. Thin 4.4% margins leave little buffer for downturns.

Bear Case : NE

The primary concerns for NE are P/E Ratio, Altman Z-Score, Return on Equity.

Key Dynamics to Monitor

BORR carries more volatility with a beta of 1.08 — expect wider price swings.

NE is growing revenue faster at -20.0% — sustainability is the question.

NE generates stronger free cash flow (35M), providing more financial flexibility.

Monitor OIL & GAS DRILLING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BORR scores higher overall (51/100 vs 37/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Borr Drilling Ltd

ENERGY · OIL & GAS DRILLING · USA

Borr Drilling Limited is an offshore drilling contractor for the global oil and gas industry. The company is headquartered in Hamilton, Bermuda.

Noble Corporation plc

ENERGY · OIL & GAS DRILLING · USA

Noble Corporation is an offshore drilling contractor for the global oil and gas industry. The company is headquartered in Sugar Land, Texas.

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