NABORS INDUSTRIES LTD (NBRWF) intrinsic value & 10-year financials
NABORS INDUSTRIES LTD (NBRWF) has a Graham intrinsic value of $249.05 per share. Over the last 10 fiscal years revenue grew 4.0% a year to $3.2B, with an average return on invested capital of 3.3%.
- Graham intrinsic value
- $249.05
- Revenue (FY2025)
- $3.2B
- Revenue growth (10-yr CAGR)
- 4.0%
- ROIC (10-yr avg)
- 3.3%
- Free cash flow (FY2025)
- -$22.7M
NBRWF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.2B | $286.6M | $17.39 | -$22.7M | 14.8% | 13.5% |
| FY2024 | $2.9B | -$176.1M | -$22.37 | $13.5M | 8.5% | 10.5% |
| FY2023 | $3.0B | -$11.8M | -$5.49 | $97.0M | 14.4% | 8.8% |
| FY2022 | $2.7B | -$350.3M | -$40.52 | $127.6M | 7.3% | 7.2% |
| FY2021 | $2.0B | -$569.3M | -$76.58 | $194.7M | -4.0% | -2.5% |
| FY2020 | $2.1B | -$805.6M | -$118.69 | $154.2M | -8.0% | -4.0% |
| FY2019 | $3.0B | -$702.9M | -$2.11 | $256.8M | 2.9% | 1.7% |
| FY2018 | $3.1B | -$640.9M | -$1.99 | -$133.2M | 1.9% | 0.9% |
| FY2017 | $2.6B | -$546.8M | -$1.90 | -$511.7M | -5.5% | -1.9% |
| FY2016 | $2.2B | -$1.0B | -$3.64 | $136.4M | -5.3% | -1.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NABORS INDUSTRIES LTD has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
NABORS INDUSTRIES LTD has historically struggled to out-earn its cost of capital, averaging just 3.3% ROIC.
Over the decade, NABORS INDUSTRIES LTD shows that management has aggressively returned capital to shareholders by retiring 94.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NABORS INDUSTRIES LTD is modeled at 4.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $249.05 per share.