NOV Inc
NOV - Insider Information
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+ FollowMarket Cap$6.67B
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Earnings Call Q3 2026
October 28, 2026 - AI Summary
Solid quarter performance; margin/earnings momentum improving
- Q3’26 revenue: $2.23B, +4% sequentially and +2% YoY.
- Net income: $90M ($0.25/share).
- Adjusted EBITDA: $281M (≈12.6% of sales), with incremental margins improving.
- Key positive: Both company priorities—(1) improve efficiency/profitability and (2) position for high-value growth—show continued progress; management expects stronger earnings/cash flow over coming years.
Cash flow pressured by Middle East disruptions; dividend + buyback continuing
- Free cash flow (Q3): use of $47M due to conflict-related delayed milestone billings/collections plus inventory buffers held because of logistics disruption.
- Recovery expectation: Working capital conversion improves—working capital to % of Q4 annualized revenue ~25%, and EBITDA-to-FCF conversion expected to return to ~50% in 2027.
- Capital return: Dividends $32M in the quarter; share repurchase 800k shares for $15M; total over 10 quarters 44.5M shares for $689M (>10% of shares outstanding).
- Forecasts (full-year): Capex $340M–$360M, effective tax rate ~30%.
Segment outlook: Energy Equipment strong profitability; Q4 revenue down but margins supported
- Energy Equipment Q3: revenue $1.22B (flat seq, -2% YoY); EBITDA $187M (15.3% of sales, up YoY ~90 bps).
- Orders/cadence: Q3 capital equipment orders $577M (+22% seq); book-to-bill 0.91 (management expects 2H order intake >1H but still <1x).
- Important negative/near-term: Q4 guidance for Energy Equipment revenue -4% to -6% YoY (due to completion of some offshore production projects).
- Q4 Energy Equipment EBITDA: $175M–$205M.
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$22.20
18.8% upside
Current Fair Value
18.8% upsideUndervalued by 18.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $6.67 Billion |
|---|---|
| Enterprise Value | $8.47 Billion |
| Annual dividend | $0.43 |
| Dividend yield | 2.26% |
| Earnings per Share | $0.39 |
| Beta | 0.98 |
| Outstanding Shares | 357,000,000 |
Return
| Return on Equity | 2.41% |
|---|---|
| Return on Assets | 1.34% |
| Return on Invested Capital | 5.55% |
Valuation & Multiples
| P/E Ratio | 48.23 |
|---|---|
| PEG | 37.78 |
| Price to Sales | 0.78 |
| Price to Book Ratio | 1.1 |
| Enterprise Value to Revenue | 0.96 |
| Enterprise Value to EBIT | 17.33 |
| Enterprise Value to Net Income | 56 |
| Total Debt to Enterprise | 0.35 |
| Debt to Equity | 0.48 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$0.25
Consensus analyst estimateRevenue Estimate
$2.20 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 3, 2027
EPS Estimate
$0.29
Consensus analyst estimateRevenue Estimate
$2.28 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 11.26% |
|---|---|
| Total Calls | 173,900▼ 79.04% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 13.66%▼ 87.31% |
|---|---|
| Total Invested | $920.77M▼ 86.35% |
| Investors Holding | 146▼ 355.00% |
About NOV Inc
31,605 employees
CEO: Clay Williams
NOV Inc., headquartered in Houston, Texas, is a global industry leader specializing in the development, production, and marketing of critical systems, components, and products for the oil and gas drilling and production, industrial, and ...