NATIONAL ENERGY SERVICES REU (NESR) Fundamental Analysis & Valuation

NASDAQ:NESR • VGG6375R1073

Current stock price

21.28 USD
+0.47 (+2.26%)
Last:

This NESR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NESR Profitability Analysis

1.1 Basic Checks

  • NESR had positive earnings in the past year.
  • In the past year NESR had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: NESR reported negative net income in multiple years.
  • Each year in the past 5 years NESR had a positive operating cash flow.
NESR Yearly Net Income VS EBIT VS OCF VS FCFNESR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • The Return On Assets of NESR (2.76%) is better than 61.67% of its industry peers.
  • With a decent Return On Equity value of 5.28%, NESR is doing good in the industry, outperforming 61.67% of the companies in the same industry.
  • NESR has a Return On Invested Capital of 6.82%. This is in the better half of the industry: NESR outperforms 65.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NESR is significantly below the industry average of 13.38%.
  • The 3 year average ROIC (6.80%) for NESR is below the current ROIC(6.82%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.76%
ROE 5.28%
ROIC 6.82%
ROA(3y)2.59%
ROA(5y)0.45%
ROE(3y)5.07%
ROE(5y)0.56%
ROIC(3y)6.8%
ROIC(5y)N/A
NESR Yearly ROA, ROE, ROICNESR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

1.3 Margins

  • NESR has a Profit Margin of 3.86%. This is comparable to the rest of the industry: NESR outperforms 56.67% of its industry peers.
  • In the last couple of years the Profit Margin of NESR has declined.
  • The Operating Margin of NESR (8.15%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of NESR has remained more or less at the same level.
  • The Gross Margin of NESR (13.16%) is worse than 81.67% of its industry peers.
  • NESR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 8.15%
PM (TTM) 3.86%
GM 13.16%
OM growth 3YN/A
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5Y-8.46%
GM growth 3Y22.28%
GM growth 5Y-6.71%
NESR Yearly Profit, Operating, Gross MarginsNESR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

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4

2. NESR Health Analysis

2.1 Basic Checks

  • NESR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • NESR has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NESR has been increased compared to 5 years ago.
  • The debt/assets ratio for NESR has been reduced compared to a year ago.
NESR Yearly Shares OutstandingNESR Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
NESR Yearly Total Debt VS Total AssetsNESR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.40 indicates that NESR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of NESR (2.40) is comparable to the rest of the industry.
  • The Debt to FCF ratio of NESR is 2.57, which is a good value as it means it would take NESR, 2.57 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.57, NESR is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.25 indicates that NESR is not too dependend on debt financing.
  • NESR's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. NESR outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.57
Altman-Z 2.4
ROIC/WACC0.78
WACC8.74%
NESR Yearly LT Debt VS Equity VS FCFNESR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.04 indicates that NESR should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.04, NESR is not doing good in the industry: 88.33% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.89 indicates that NESR may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.89, NESR is doing worse than 81.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.04
Quick Ratio 0.89
NESR Yearly Current Assets VS Current LiabilitesNESR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. NESR Growth Analysis

3.1 Past

  • The earnings per share for NESR have decreased strongly by -35.28% in the last year.
  • Measured over the past 5 years, NESR shows a small growth in Earnings Per Share. The EPS has been growing by 5.01% on average per year.
  • The Revenue has been growing slightly by 1.72% in the past year.
  • Measured over the past years, NESR shows a quite strong growth in Revenue. The Revenue has been growing by 9.68% on average per year.
EPS 1Y (TTM)-35.28%
EPS 3YN/A
EPS 5Y5.01%
EPS Q2Q%14.29%
Revenue 1Y (TTM)1.72%
Revenue growth 3Y13.34%
Revenue growth 5Y9.68%
Sales Q2Q%15.88%

3.2 Future

  • NESR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 59.95% yearly.
  • Based on estimates for the next years, NESR will show a very strong growth in Revenue. The Revenue will grow by 30.72% on average per year.
EPS Next Y97.86%
EPS Next 2Y72.88%
EPS Next 3Y59.95%
EPS Next 5YN/A
Revenue Next Year37.49%
Revenue Next 2Y30.87%
Revenue Next 3Y30.72%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NESR Yearly Revenue VS EstimatesNESR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
NESR Yearly EPS VS EstimatesNESR Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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6

4. NESR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 25.64, which means the current valuation is very expensive for NESR.
  • Compared to the rest of the industry, the Price/Earnings ratio of NESR indicates a somewhat cheap valuation: NESR is cheaper than 70.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, NESR is valued at the same level.
  • NESR is valuated correctly with a Price/Forward Earnings ratio of 12.96.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NESR indicates a rather cheap valuation: NESR is cheaper than 95.00% of the companies listed in the same industry.
  • NESR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 25.64
Fwd PE 12.96
NESR Price Earnings VS Forward Price EarningsNESR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as NESR.
  • 63.33% of the companies in the same industry are more expensive than NESR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.76
EV/EBITDA 8.93
NESR Per share dataNESR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NESR's earnings are expected to grow with 59.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)5.12
EPS Next 2Y72.88%
EPS Next 3Y59.95%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NESR Dividend Analysis

5.1 Amount

  • NESR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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NESR Fundamentals: All Metrics, Ratios and Statistics

NATIONAL ENERGY SERVICES REU

NASDAQ:NESR (3/31/2026, 10:21:02 AM)

21.28

+0.47 (+2.26%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-17
Earnings (Next)06-01
Inst Owners56.1%
Inst Owner Change16.45%
Ins Owners1.18%
Ins Owner Change0%
Market Cap2.14B
Revenue(TTM)1.32B
Net Income(TTM)51.13M
Analysts84.62
Price Target29.58 (39%)
Short Float %6.09%
Short Ratio2.01
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.07%
Min EPS beat(2)-11.38%
Max EPS beat(2)23.51%
EPS beat(4)2
Avg EPS beat(4)4.63%
Min EPS beat(4)-11.38%
Max EPS beat(4)23.51%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.18%
Min Revenue beat(2)-5.83%
Max Revenue beat(2)5.48%
Revenue beat(4)2
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-5.83%
Max Revenue beat(4)5.48%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)46.46%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)-5.31%
EPS NY rev (1m)7.4%
EPS NY rev (3m)8.66%
Revenue NQ rev (1m)-0.76%
Revenue NQ rev (3m)6.81%
Revenue NY rev (1m)1%
Revenue NY rev (3m)2.88%
Valuation
Industry RankSector Rank
PE 25.64
Fwd PE 12.96
P/S 1.62
P/FCF 17.76
P/OCF 8.12
P/B 2.22
P/tB 7.78
EV/EBITDA 8.93
EPS(TTM)0.83
EY3.9%
EPS(NY)1.64
Fwd EY7.72%
FCF(TTM)1.2
FCFY5.63%
OCF(TTM)2.62
OCFY12.32%
SpS13.14
BVpS9.6
TBVpS2.74
PEG (NY)0.26
PEG (5Y)5.12
Graham Number13.39
Profitability
Industry RankSector Rank
ROA 2.76%
ROE 5.28%
ROCE 8.65%
ROIC 6.82%
ROICexc 7.55%
ROICexgc 18.35%
OM 8.15%
PM (TTM) 3.86%
GM 13.16%
FCFM 9.12%
ROA(3y)2.59%
ROA(5y)0.45%
ROE(3y)5.07%
ROE(5y)0.56%
ROIC(3y)6.8%
ROIC(5y)N/A
ROICexc(3y)7.38%
ROICexc(5y)N/A
ROICexgc(3y)17.79%
ROICexgc(5y)N/A
ROCE(3y)8.63%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y12.88%
ROICexc growth 3YN/A
ROICexc growth 5Y11.61%
OM growth 3YN/A
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5Y-8.46%
GM growth 3Y22.28%
GM growth 5Y-6.71%
F-Score4
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.57
Debt/EBITDA 0.98
Cap/Depr 101.22%
Cap/Sales 10.83%
Interest Coverage 3.79
Cash Conversion 105.86%
Profit Quality 236.23%
Current Ratio 1.04
Quick Ratio 0.89
Altman-Z 2.4
F-Score4
WACC8.74%
ROIC/WACC0.78
Cap/Depr(3y)74.26%
Cap/Depr(5y)83.22%
Cap/Sales(3y)8.29%
Cap/Sales(5y)10.11%
Profit Quality(3y)421.21%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-35.28%
EPS 3YN/A
EPS 5Y5.01%
EPS Q2Q%14.29%
EPS Next Y97.86%
EPS Next 2Y72.88%
EPS Next 3Y59.95%
EPS Next 5YN/A
Revenue 1Y (TTM)1.72%
Revenue growth 3Y13.34%
Revenue growth 5Y9.68%
Sales Q2Q%15.88%
Revenue Next Year37.49%
Revenue Next 2Y30.87%
Revenue Next 3Y30.72%
Revenue Next 5YN/A
EBIT growth 1Y-21.65%
EBIT growth 3YN/A
EBIT growth 5Y9.48%
EBIT Next Year228.12%
EBIT Next 3Y73.34%
EBIT Next 5YN/A
FCF growth 1Y-2.77%
FCF growth 3YN/A
FCF growth 5Y22.83%
OCF growth 1Y15.22%
OCF growth 3Y41.85%
OCF growth 5Y14.63%

NATIONAL ENERGY SERVICES REU / NESR Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NATIONAL ENERGY SERVICES REU?

ChartMill assigns a fundamental rating of 5 / 10 to NESR.


What is the valuation status of NATIONAL ENERGY SERVICES REU (NESR) stock?

ChartMill assigns a valuation rating of 6 / 10 to NATIONAL ENERGY SERVICES REU (NESR). This can be considered as Fairly Valued.


Can you provide the profitability details for NATIONAL ENERGY SERVICES REU?

NATIONAL ENERGY SERVICES REU (NESR) has a profitability rating of 4 / 10.


What is the financial health of NATIONAL ENERGY SERVICES REU (NESR) stock?

The financial health rating of NATIONAL ENERGY SERVICES REU (NESR) is 4 / 10.


Is the dividend of NATIONAL ENERGY SERVICES REU sustainable?

The dividend rating of NATIONAL ENERGY SERVICES REU (NESR) is 0 / 10 and the dividend payout ratio is 0%.