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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | -1.5x - -1.6x | -1.5x |
Historical Pb Multiple | -4.0x - 3.9x | 0.2x |
Fair Value | $0.88 - $0.97 | $0.92 |
Upside | -50.4% - -45.1% | -47.7% |
Benchmarks | - | Full Ticker |
TETRA Technologies, Inc. | - | NYSE:TTI |
Mammoth Energy Services, Inc. | - | NasdaqGS:TUSK |
ProPetro Holding Corp. | - | NYSE:PUMP |
Nine Energy Service, Inc. | - | NYSE:NINE |
National Energy Services Reunited Corp. | - | NasdaqCM:NESR |
KLX Energy Services Holdings, Inc. | - | NasdaqGS:KLXE |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
TTI | TUSK | PUMP | NINE | NESR | KLXE | |||
NYSE:TTI | NasdaqGS:TUSK | NYSE:PUMP | NYSE:NINE | NasdaqCM:NESR | NasdaqGS:KLXE | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | 14.2% | NM- | ||
3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | 345.5% | -6454.7% | -261.0% | -27.5% | 506.6% | -376.0% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -11.7% | -33.9% | -3.3% | -30.1% | 2.7% | -27.3% | ||
Prior Fiscal Year | 4.1% | -1.0% | 5.3% | -5.3% | 1.1% | 2.2% | ||
Latest Fiscal Year | 19.0% | -110.3% | -9.5% | -7.4% | 5.9% | -7.5% | ||
Latest Twelve Months | 19.0% | -110.3% | -9.5% | -7.4% | 5.9% | -7.5% | ||
Return on Equity | ||||||||
5 Year Average Margin | -4.5% | -17.3% | -2.1% | -325.1% | 2.8% | -83.4% | ||
Prior Fiscal Year | 19.9% | -0.7% | 8.8% | NM | 1.5% | 99.0% | ||
Latest Twelve Months | 56.4% | -58.2% | -15.2% | NM | 8.8% | -273.2% | ||
Next Fiscal Year | 16.8% | #NUM! | 4.2% | 30.2% | 11.4% | 128.1% | ||
Two Fiscal Years Forward | 18.7% | -139.0% | 6.6% | 19.1% | 12.0% | 34.3% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 0.5x | 0.7x | 0.4x | 0.1x | 0.5x | 0.0x | ||
Price / LTM EPS | 2.8x | -0.6x | -3.9x | -0.8x | 7.8x | -0.6x | ||
Price / Book | 1.3x | 0.5x | 0.7x | -0.5x | 0.7x | -2.9x | ||
Price / Fwd Book | 1.1x | 0.5x | 0.7x | -0.4x | 0.6x | -0.6x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | -0.5x | 0.7x | 1.3x | |||||
Historical P/B Ratio | -4.0x | 0.2x | 3.9x | |||||
Selected P/B Multiple | -1.5x | -1.5x | -1.6x | |||||
(x) Book Value | (11) | (11) | (11) |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | TTI | TUSK | PUMP | NINE | NESR | KLXE | |
Value of Common Equity | 322 | 130 | 531 | 32 | 595 | 31 | |
(/) Shares Outstanding | 132.4 | 48.1 | 103.2 | 42.3 | 96.0 | 17.4 | |
Implied Stock Price | 2.43 | 2.71 | 5.15 | 0.75 | 6.20 | 1.77 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.43 | 2.71 | 5.15 | 0.75 | 6.20 | 1.77 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |