PATTERSON-UTI ENERGY INC (PTEN) Stock Fundamental Analysis
NASDAQ:PTEN - US7034811015 - Common Stock
5.81 USD
+0.07 (+1.22%)
5.81 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to PTEN. PTEN was compared to 61 industry peers in the Energy Equipment & Services industry. PTEN may be in some trouble as it scores bad on both profitability and health. PTEN does not seem to be growing, but still is valued expensively. Finally PTEN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PTEN had negative earnings in the past year.
In the past year PTEN had a positive cash flow from operations.
In multiple years PTEN reported negative net income over the last 5 years.
In the past 5 years PTEN always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -19.34%, PTEN is not doing good in the industry: 95.08% of the companies in the same industry are doing better.
PTEN has a Return On Equity of -32.27%. This is amonst the worse of the industry: PTEN underperforms 85.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.34% | ||
| ROE | -32.27% | ||
| ROIC | N/A |
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Gross Margin, with a value of 25.04%, PTEN is in line with its industry, outperforming 50.82% of the companies in the same industry.
PTEN's Gross Margin has been stable in the last couple of years.
PTEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 25.04% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.18%
GM growth 5Y-0.79%
2. Health
2.1 Basic Checks
PTEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PTEN has been reduced compared to 1 year ago.
PTEN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PTEN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that PTEN is in the distress zone and has some risk of bankruptcy.
PTEN has a worse Altman-Z score (1.24) than 70.49% of its industry peers.
PTEN has a debt to FCF ratio of 3.73. This is a good value and a sign of high solvency as PTEN would need 3.73 years to pay back of all of its debts.
With a Debt to FCF ratio value of 3.73, PTEN perfoms like the industry average, outperforming 52.46% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that PTEN is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.37, PTEN perfoms like the industry average, outperforming 54.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.73 | ||
| Altman-Z | 1.24 |
ROIC/WACCN/A
WACC8.72%
2.3 Liquidity
PTEN has a Current Ratio of 1.73. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
PTEN has a Current ratio of 1.73. This is in the lower half of the industry: PTEN underperforms 63.93% of its industry peers.
A Quick Ratio of 1.50 indicates that PTEN should not have too much problems paying its short term obligations.
PTEN has a Quick ratio (1.50) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
PTEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -150.94%.
Looking at the last year, PTEN shows a decrease in Revenue. The Revenue has decreased by -7.98% in the last year.
Measured over the past years, PTEN shows a quite strong growth in Revenue. The Revenue has been growing by 16.83% on average per year.
EPS 1Y (TTM)-150.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-533.33%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-9.56%
3.2 Future
PTEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 94.44% yearly.
PTEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.95% yearly.
EPS Next Y-921.94%
EPS Next 2Y-234.89%
EPS Next 3Y-27.05%
EPS Next 5Y94.44%
Revenue Next Year-12.1%
Revenue Next 2Y-7.51%
Revenue Next 3Y-3.83%
Revenue Next 5Y5.95%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
PTEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PTEN. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PTEN is valued cheaper than 93.44% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PTEN is valued cheaply inside the industry as 85.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.72 | ||
| EV/EBITDA | 3.34 |
4.3 Compensation for Growth
A cheap valuation may be justified as PTEN's earnings are expected to decrease with -27.05% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-234.89%
EPS Next 3Y-27.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.57%, PTEN is a good candidate for dividend investing.
PTEN's Dividend Yield is rather good when compared to the industry average which is at 3.33. PTEN pays more dividend than 93.44% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, PTEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.57% |
5.2 History
On average, the dividend of PTEN grows each year by 14.73%, which is quite nice.
PTEN has paid a dividend for at least 10 years, which is a reliable track record.
PTEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)14.73%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
The earnings of PTEN are negative and hence is the payout ratio. PTEN will probably not be able to sustain this dividend level.
PTEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-11.5%
EPS Next 2Y-234.89%
EPS Next 3Y-27.05%
5.81
+0.07 (+1.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners98.3%
Inst Owner Change5.05%
Ins Owners2.45%
Ins Owner Change6.1%
Market Cap2.24B
Analysts76.52
Price Target7.69 (32.36%)
Short Float %10.28%
Short Ratio3.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.57% |
Yearly Dividend0.32
Dividend Growth(5Y)14.73%
DP-11.5%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-43.43%
Min EPS beat(2)-186.86%
Max EPS beat(2)100%
EPS beat(4)1
Avg EPS beat(4)-61.11%
Min EPS beat(4)-186.86%
Max EPS beat(4)100%
EPS beat(8)2
Avg EPS beat(8)-43.73%
EPS beat(12)6
Avg EPS beat(12)-22.1%
EPS beat(16)9
Avg EPS beat(16)8.27%
Revenue beat(2)1
Avg Revenue beat(2)1.88%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)5.83%
Revenue beat(4)2
Avg Revenue beat(4)-1.1%
Min Revenue beat(4)-8.57%
Max Revenue beat(4)5.83%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.54%
Revenue beat(16)9
Avg Revenue beat(16)1%
PT rev (1m)-8.46%
PT rev (3m)-18.02%
EPS NQ rev (1m)-18.96%
EPS NQ rev (3m)-4615%
EPS NY rev (1m)-71.22%
EPS NY rev (3m)-208.45%
Revenue NQ rev (1m)-0.83%
Revenue NQ rev (3m)-7.07%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-3.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.45 | ||
| P/FCF | 6.72 | ||
| P/OCF | 2.33 | ||
| P/B | 0.67 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 3.34 |
EPS(TTM)-0.27
EYN/A
EPS(NY)-0.37
Fwd EYN/A
FCF(TTM)0.86
FCFY14.88%
OCF(TTM)2.49
OCFY42.9%
SpS13.03
BVpS8.68
TBVpS5.15
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.34% | ||
| ROE | -32.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 25.04% | ||
| FCFM | 6.64% |
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.12%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.18%
GM growth 5Y-0.79%
F-Score5
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.73 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 55.83% | ||
| Cap/Sales | 12.49% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 97.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.24 |
F-Score5
WACC8.72%
ROIC/WACCN/A
Cap/Depr(3y)77.44%
Cap/Depr(5y)54.72%
Cap/Sales(3y)14.65%
Cap/Sales(5y)13.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-150.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-533.33%
EPS Next Y-921.94%
EPS Next 2Y-234.89%
EPS Next 3Y-27.05%
EPS Next 5Y94.44%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-9.56%
Revenue Next Year-12.1%
Revenue Next 2Y-7.51%
Revenue Next 3Y-3.83%
Revenue Next 5Y5.95%
EBIT growth 1Y-137.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year469.56%
EBIT Next 3Y78.49%
EBIT Next 5Y55.6%
FCF growth 1Y-13%
FCF growth 3YN/A
FCF growth 5Y7.35%
OCF growth 1Y9.29%
OCF growth 3Y130.89%
OCF growth 5Y11.05%