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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 1.4x - 1.5x | 1.5x |
Selected Fwd Ps Multiple | 1.4x - 1.5x | 1.5x |
Fair Value | €29.01 - €32.06 | €30.53 |
Upside | 3.6% - 14.5% | 9.1% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Cactus, Inc. | - | NYSE:WHD |
NOV Inc. | - | NYSE:NOV |
Core Laboratories Inc. | - | NYSE:CLB |
Patterson-UTI Energy, Inc. | - | NasdaqGS:PTEN |
Weatherford International plc | - | NasdaqGS:WFRD |
Schlumberger Limited | - | DB:SCL |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
WHD | NOV | CLB | PTEN | WFRD | SCL | |||
NYSE:WHD | NYSE:NOV | NYSE:CLB | NasdaqGS:PTEN | NasdaqGS:WFRD | DB:SCL | |||
Historical Sales Growth | ||||||||
5Y CAGR | 12.4% | 0.9% | -4.8% | 16.8% | 1.1% | 2.0% | ||
3Y CAGR | 37.1% | 17.1% | 3.7% | 58.2% | 14.8% | 16.5% | ||
Latest Twelve Months | -0.7% | -1.2% | 0.7% | -8.0% | -5.4% | 0.9% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 18.6% | -1.8% | 2.9% | -20.3% | 1.3% | 4.7% | ||
Prior Fiscal Year | 15.4% | 11.6% | 7.2% | 5.9% | 8.1% | 12.7% | ||
Latest Fiscal Year | 16.4% | 7.2% | 6.0% | -18.0% | 9.2% | 12.3% | ||
Latest Twelve Months | 16.2% | 5.4% | 5.7% | -21.5% | 9.3% | 11.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 7.3x | 4.7x | 10.1x | 3.2x | 4.4x | 7.3x | ||
Price / LTM Sales | 2.4x | 0.5x | 0.9x | 0.4x | 0.8x | 1.4x | ||
LTM P/E Ratio | 14.6x | 9.4x | 16.2x | -1.9x | 8.3x | 12.0x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.4x | 0.8x | 2.4x | |||||
Historical LTM P/S Ratio | 1.2x | 1.9x | 2.9x | |||||
Selected Price / Sales Multiple | 1.4x | 1.5x | 1.5x | |||||
(x) LTM Sales | 35,478 | 35,478 | 35,478 | |||||
(=) Equity Value | 49,061 | 51,643 | 54,225 | |||||
(/) Shares Outstanding | 1,492.0 | 1,492.0 | 1,492.0 | |||||
Implied Value Range | 32.88 | 34.61 | 36.34 | |||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | ||||
Implied Value Range (Trading Cur) | 28.24 | 29.73 | 31.22 | 28.00 | ||||
Upside / (Downside) | 0.9% | 6.2% | 11.5% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | WHD | NOV | CLB | PTEN | WFRD | SCL | |
Value of Common Equity | 2,636 | 4,419 | 479 | 2,091 | 3,983 | 48,637 | |
(/) Shares Outstanding | 68.6 | 371.4 | 46.9 | 385.2 | 71.8 | 1,492.0 | |
Implied Stock Price | 38.44 | 11.90 | 10.22 | 5.43 | 55.44 | 32.60 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |
Implied Stock Price (Trading Cur) | 38.44 | 11.90 | 10.22 | 5.43 | 55.44 | 28.00 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 |