NINE ENERGY SERVICE INC (NINE)

US65441V1017 - Common Stock

1.82  -0.03 (-1.62%)

Fundamental Rating

2

Overall NINE gets a fundamental rating of 2 out of 10. We evaluated NINE against 65 industry peers in the Energy Equipment & Services industry. NINE may be in some trouble as it scores bad on both profitability and health. NINE does not seem to be growing, but still is valued expensively.



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1

1. Profitability

1.1 Basic Checks

In the past year NINE has reported negative net income.
NINE had a positive operating cash flow in the past year.
In the past 5 years NINE reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: NINE reported negative operating cash flow in multiple years.

1.2 Ratios

Looking at the Return On Assets, with a value of -8.01%, NINE is doing worse than 86.15% of the companies in the same industry.
NINE's Return On Invested Capital of 4.53% is on the low side compared to the rest of the industry. NINE is outperformed by 61.54% of its industry peers.
Industry RankSector Rank
ROA -8.01%
ROE N/A
ROIC 4.53%
ROA(3y)-7.19%
ROA(5y)-26.55%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With a Operating Margin value of 3.01%, NINE is not doing good in the industry: 75.38% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of NINE has declined.
NINE has a Gross Margin of 19.49%. This is in the lower half of the industry: NINE underperforms 70.77% of its industry peers.
NINE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.01%
PM (TTM) N/A
GM 19.49%
OM growth 3YN/A
OM growth 5Y-12.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y90.96%
GM growth 5Y-3.02%

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2

2. Health

2.1 Basic Checks

NINE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NINE has been increased compared to 1 year ago.
Compared to 5 years ago, NINE has more shares outstanding
Compared to 1 year ago, NINE has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of -0.82, we must say that NINE is in the distress zone and has some risk of bankruptcy.
NINE has a worse Altman-Z score (-0.82) than 86.15% of its industry peers.
NINE has a debt to FCF ratio of 15.47. This is a negative value and a sign of low solvency as NINE would need 15.47 years to pay back of all of its debts.
The Debt to FCF ratio of NINE (15.47) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 15.47
Altman-Z -0.82
ROIC/WACC0.51
WACC8.89%

2.3 Liquidity

NINE has a Current Ratio of 2.22. This indicates that NINE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.22, NINE is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that NINE should not have too much problems paying its short term obligations.
NINE's Quick ratio of 1.56 is in line compared to the rest of the industry. NINE outperforms 49.23% of its industry peers.
Industry RankSector Rank
Current Ratio 2.22
Quick Ratio 1.56

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3

3. Growth

3.1 Past

The earnings per share for NINE have decreased strongly by -253.33% in the last year.
Looking at the last year, NINE shows a small growth in Revenue. The Revenue has grown by 2.73% in the last year.
The Revenue has been decreasing by -5.92% on average over the past years.
EPS 1Y (TTM)-253.33%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-196.55%
Revenue 1Y (TTM)2.73%
Revenue growth 3Y25.16%
Revenue growth 5Y-5.92%
Revenue growth Q2Q-13.57%

3.2 Future

The Earnings Per Share is expected to grow by 16.62% on average over the next years. This is quite good.
Based on estimates for the next years, NINE will show a small growth in Revenue. The Revenue will grow by 1.33% on average per year.
EPS Next Y-15.3%
EPS Next 2Y8.27%
EPS Next 3Y16.62%
EPS Next 5YN/A
Revenue Next Year1.08%
Revenue Next 2Y0.42%
Revenue Next 3Y1.33%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NINE. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NINE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NINE is valued a bit cheaper than 61.54% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NINE indicates a rather cheap valuation: NINE is cheaper than 96.92% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.07
EV/EBITDA 6.07

4.3 Compensation for Growth

A more expensive valuation may be justified as NINE's earnings are expected to grow with 16.62% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.27%
EPS Next 3Y16.62%

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0

5. Dividend

5.1 Amount

NINE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NINE ENERGY SERVICE INC

NYSE:NINE (5/16/2024, 3:10:03 PM)

1.82

-0.03 (-1.62%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap64.28M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.01%
ROE N/A
ROCE
ROIC
ROICexc
ROICexgc
OM 3.01%
PM (TTM) N/A
GM 19.49%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.52
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.22
Quick Ratio 1.56
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-253.33%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-15.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.73%
Revenue growth 3Y25.16%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y