NOV (NOV)

$20.45
+2.25%
$7.2B
Market Cap
79.8
P/E Ratio
0.92
Beta
1.73%
Dividend Yield
Piotroski 5/9Altman Z 2.0 Gray ZoneBeneish M -2.95 CleanROIC−WACC -5.2%

Quantitative Summary

Deterministic

Financial health is average: Piotroski 5/9, Altman Z 2.0. DCF fair value of $27 implies 39% upside from current prices based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The fundamental economics present a stark dichotomy between low capital efficiency and modest earnings quality. Return on Invested Capital sits at 4.1%, indicating the firm struggles to generate returns significantly above its cost of capital, while DuPont decomposition reveals that equity generation is driven primarily by financial leverage (Equity Multiplier 1.79x) rather than operational prowess; this is evidenced by thin net margins of 1.7% and an asset turnover ratio of only 0.77x. Although the Piotroski F-Score of 5/9 suggests moderate financial strength, the Beneish M-Score of -2.95 flags potential earnings manipulation risks that warrant scrutiny given the weak margin profile and negative revenue growth of -1.4% year-over-year.

Valuation metrics currently reflect a significant premium to intrinsic value despite deteriorating operational trends. The stock trades at 50.0x forward earnings, a multiple that implies robust future expansion, yet this stands in direct contrast to the Discounted Cash Flow fair value estimate of $27, which suggests downside potential if current assumptions hold. This valuation gap is particularly notable given an implied free cash flow growth rate of -6.8% over the next decade and declining top-line revenue; the market appears pricing in a turnaround narrative that the underlying DuPont drivers—specifically low margins and sluggish asset turnover—are not currently supporting.

Insider activity remains neutral with zero net flow over the last 90 days, offering no clear signal of management conviction amidst these conflicting data points. The risk-reward profile is skewed by the combination of high valuation multiples, negative long-term cash flow growth projections, and a low M-Score that introduces earnings quality uncertainty; however, if operational leverage improves or margins expand, the current pricing could unlock substantial upside relative to the DCF baseline. Investors must weigh whether the 45.7% implied DCF upside compensates for the fundamental drag on capital efficiency and the potential for further margin compression in a sector facing revenue headwinds.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive
Market Price
$20.45
Fair Value
$27
Implied Upside
+30.0%
$27IMPLIED FAIR VALUEUNDERVALUEDOVERUNDER
Growth Rate (Y1–5)-6%
-10%20%50%
Discount Rate (WACC)9.4%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
-6.2%annual FCF growth priced in at $20.45

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of -1% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →7.4%9.4%11.4%
2%$33$24$19
3%$39$27$21
4%$49$31$23

Center = base case. Green = >10% upside, Red = >10% downside vs $20.45.

Pre-computed DCF: WACC=9.4%, terminal growth 3%. Fair value $27 (+38.5%). Not investment advice.

Price Chart with Moving Averages

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SMA 50 SMA 200

Quant Health Deep Dive

5/9
Piotroski F-Score
Average — mixed operational signals
2.0
Altman Z-Score
Grey Zone — between 1.8 and 3.0 thresholds. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.
-2.95
Beneish M-Score
Below threshold — no statistical earnings quality concern per Beneish model. Threshold: <-2.22 = below threshold.

Profitability & Value Creation

20.2%
Gross Margin
1.7%
Net Margin
4.1%
ROIC
9.4%
WACC
ROIC − WACC Spread: -5.2%— Negative spread.
-1.4%
Revenue Growth (YoY)
-77.2%
Earnings Growth (YoY)
876.0M
Free Cash Flow
22%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

1.7%
Net Profit Margin
NI ÷ Revenue
×
0.77x
Asset Turnover
Revenue ÷ Assets
×
1.79x
Equity Multiplier
Assets ÷ Equity
=
2.3%
Return on Equity
Balanced ROE composition across margins, turnover, and leverage.

Balance Sheet Health

0.79x
Debt / Equity
2.42x
Current Ratio
5.3x
Interest Coverage
0.2x
Net Debt / EBITDA
12.23%
FCF Yield
818.0M
EBITDA

Earnings Surprise History

Q4
✗ Miss
Est: $0.25
Act: $0.19
-23.2%
Q3
✗ Miss
Est: $0.29
Act: $0.29
-1.2%
Q2
✗ Miss
Est: $0.25
Act: $0.11
-55.6%
Q1
✗ Miss
Est: $0.25
Act: $-0.21
-183.6%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.0900
Latest Dividend
$0.51
2025 Total
+85.5%
YoY Growth
2 yrs
Consecutive Increases
Annual Dividends per Share
$1.38
2015
$0.61
2016
$0.20
2017
$0.20
2018
$0.20
2019
$0.05
2020
$0.05
2021
$0.20
2022
$0.20
2023
$0.28
2024
$0.51
2025
$0.18
2026
DateAmountChange
2026-06-01$0.09000.0%
2026-03-13$0.0900+20.0%
2025-12-05$0.07500.0%
2025-09-12$0.07500.0%
2025-06-13$0.0750-64.3%
2025-06-02$0.2100+180.0%
2025-03-14$0.07500.0%
2024-12-06$0.07500.0%
2024-09-13$0.07500.0%
2024-06-14$0.0750+50.0%
2024-03-13$0.05000.0%
2023-12-07$0.05000.0%
Stock Splits
2014-06-02: 1.109:12007-10-01: 2:11997-11-19: 2:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

42.8%
Annual Volatility
1.27
Sharpe (1Y)
0.19
Sharpe (3Y)
-47.1%
Max Drawdown (3Y)
-53.7%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fundamentals

15.2
Forward P/E
1.26
PEG Ratio
1.16
Price/Book
5M
Avg Volume
$21.38
52W High
$11.65
52W Low
90%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$527M
Tracked Passive Exposure
8
ETFs Holding NOV
0.11%
Avg Weight in ETFs
$477B
Total ETF AUM

When investors buy or sell ETFs like XES or MDYV, the fund manager is mechanically forced to buy or sell NOV shares regardless of NOV's individual fundamentals. We estimate $527M of passive capital is structurally linked to NOV through 8 tracked ETFs. Passive flows have a limited but growing influence on NOV's daily trading dynamics.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in NOV to visualize passive redemption contagion across ETFs and collateral stocks.

NOV Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
NOVEpicenterVBETFVYMETFVXFETFXOMLow RiskCVXLow RiskCOPLow RiskSLBLow RiskHALLow Risk
NOV Price Drop (%)0

If NOV (NOV) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Exxon Mobil Corp. (XOM) as the most exposed collateral stock, sharing 1 ETFs with NOV. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 14 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

NOV Ownership Dynamics

Passive funds hold 1 in every 13 NOV shares, reducing daily market volatility.

Ticker
NOV
Total Shares
359M
ETF Lock-Up
7.7%
Display Mode
Total Float Impact
7.7%Locked Float

NOV (NOV) exerts measurable gravity on the passive index market, currently representing 3.9% of the XES (XES) and 0.5% of the MDYV (MDYV). Across 14 tracked ETFs, approximately 28M shares (7.7% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 14 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

NOV Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
NOV
PRICE
$20.45
FLOOR (POC)
$12.66
STRENGTH
High
$12$12$13POC 13%$1311%$146%$14$15$15$16$16$17$17$18$18$199%$199%$20$207%$21$20.45$21
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for NOV over the past year sits near $12.66 (13% of 252-day volume). The current price of $20.45 trades 61.6% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target. The highly concentrated volume profile (13% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

NOV Capital Efficiency

How efficiently does NOV convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$876M
EBITDA
$818M
FCF Conversion
107%
Reinvestment Rate
-7%
107% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
4.1%
ROIC − WACC Spread
-5.2%

NOV converts 107% of its EBITDA into free cash flow, an exceptional conversion rate indicating an asset-light business model with minimal capital reinvestment drag. However, the ROIC-WACC spread is negative (-5.2%), suggesting reinvested capital is destroying shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-14268$20.49$5,491.32
2026-05-136,338$20.54$130,182.52
2026-05-1294$19.77$1,858.38
2026-04-22484$19.59$9,481.56
2026-04-14556$19.63$10,914.28
2026-04-13143,875$19.49$2.8M
2026-04-0654,505$18.78$1.0M
2026-03-31727$18.56$13,493.12
2026-03-19705$18.25$12,866.25
2026-03-188,906$18.66$166,185.96
2026-03-09772$18.57$14,336.04
2026-03-05325,737$19.51$6.4M
2026-02-23138$20.39$2,813.82
2026-02-052,373$19.38$45,988.74
2026-02-0215$18.35$275.25
2026-01-308,833$18.60$164,293.8
2026-01-2836$18.92$681.12
2026-01-203,860$18.00$69,480
2026-01-0922,125$17.56$388,515
2025-12-3062,184$15.68$975,045.12
2025-12-176,255$15.32$95,826.6
2025-12-08775$16.17$12,531.75
2025-12-05644$16.30$10,497.2
2025-12-041,317$16.32$21,493.44
2025-11-12350$15.69$5,491.5
2025-10-284,620$13.95$64,449
2025-10-2128$12.76$357.28
2025-10-2012,330$12.66$156,097.8
2025-10-1418,052$12.71$229,440.92
2025-10-10978$13.15$12,860.7

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
SLB0.7440.678High co-movement
HAL0.7110.664High co-movement
PTEN0.7040.601High co-movement
HP0.6960.677Moderate
WFRD0.6900.622Moderate
WHD0.6790.594Moderate
NE0.6660.599Moderate
BKR0.6540.664Moderate
RIG0.6420.617Moderate

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare NOV to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.