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National Oilwell Varco Inc (NOV) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

National Oilwell Varco Inc (NOV) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. National Oilwell Varco Inc is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry. National Oilwell Varco Inc has a market cap of $11.2 billion; its shares were traded at around $29.22 with and P/S ratio of 1.32. The dividend yield of National Oilwell Varco Inc stocks is 0.68%.


For the last quarter National Oilwell Varco Inc reported a revenue of $2.4 billion, compared with the revenue of $2 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $8.5 billion, an increase of 15.7% from last year. For the last five years National Oilwell Varco Inc had an average revenue decline of 20.5% a year.

The reported loss per diluted share was 8 cents for the year, compared with the loss per share of $5.82 in the previous year. The National Oilwell Varco Inc had a decent operating margin of 17.08%, compared with the operating margin of -3.79% a year before. The 10-year historical median operating margin of National Oilwell Varco Inc is 17.21%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, National Oilwell Varco Inc has the cash and cash equivalents of $1.4 billion, compared with $1.4 billion in the previous year. The long term debt was $2.7 billion, compared with $2.7 billion in the previous year. The interest coverage to the debt is at a comfortable level of 15.5. National Oilwell Varco Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $29.22, National Oilwell Varco Inc is traded at 14.4% discount to its historical median P/S valuation band of $34.15. The P/S ratio of the stock is 1.32, while the historical median P/S ratio is 1.54. The stock lost 11.73% during the past 12 months.

For the complete 20-year historical financial data of NOV, click here.

This article first appeared on GuruFocus.