PATTERSON-UTI ENERGY INC (PTEN) Stock Fundamental Analysis
USA - NASDAQ:PTEN - US7034811015 - Common Stock
5.85 USD
-0.12 (-2.01%)
5.85 USD
0 (0%)
Taking everything into account, PTEN scores 3 out of 10 in our fundamental rating. PTEN was compared to 60 industry peers in the Energy Equipment & Services industry. PTEN has a bad profitability rating. Also its financial health evaluation is rather negative. PTEN has a expensive valuation and it also scores bad on growth. 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.
Each year in the past 5 years PTEN had a positive operating cash flow.
1.2 Ratios
PTEN has a Return On Assets of -2.46%. This is in the lower half of the industry: PTEN underperforms 78.33% of its industry peers.
PTEN's Return On Equity of -4.19% is on the low side compared to the rest of the industry. PTEN is outperformed by 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.46% | ||
| ROE | -4.19% | ||
| 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
With a Gross Margin value of 24.67%, PTEN perfoms like the industry average, outperforming 51.67% of the companies in the same industry.
In the last couple of years the Gross Margin of PTEN has remained more or less at the same level.
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 | 24.67% |
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.
PTEN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PTEN has more shares outstanding
Compared to 1 year ago, PTEN has a worse debt to assets ratio.
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.
The Altman-Z score of PTEN (1.24) is worse than 68.33% of its industry peers.
PTEN has a debt to FCF ratio of 4.30. This is a neutral value as PTEN would need 4.30 years to pay back of all of its debts.
PTEN's Debt to FCF ratio of 4.30 is in line compared to the rest of the industry. PTEN outperforms 53.33% of its industry peers.
PTEN has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.38, PTEN perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.3 | ||
| Altman-Z | 1.24 |
ROIC/WACCN/A
WACC8.35%
2.3 Liquidity
A Current Ratio of 1.64 indicates that PTEN should not have too much problems paying its short term obligations.
PTEN has a worse Current ratio (1.64) than 65.00% of its industry peers.
PTEN has a Quick Ratio of 1.44. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of PTEN (1.44) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
PTEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -212.50%.
PTEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.59%.
PTEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.83% yearly.
EPS 1Y (TTM)-212.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-900%
Revenue 1Y (TTM)-16.59%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-13.36%
3.2 Future
The Earnings Per Share is expected to grow by 94.44% on average over the next years. This is a very strong growth
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-927.81%
EPS Next 2Y-242%
EPS Next 3Y-91.55%
EPS Next 5Y94.44%
Revenue Next Year-12.42%
Revenue Next 2Y-9.08%
Revenue Next 3Y-4.57%
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 cheaply inside the industry as 91.67% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PTEN is valued cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.81 | ||
| EV/EBITDA | 3.7 |
4.3 Compensation for Growth
A cheap valuation may be justified as PTEN's earnings are expected to decrease with -91.55% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-242%
EPS Next 3Y-91.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.27%, PTEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.90, PTEN pays a better dividend. On top of this PTEN pays more dividend than 95.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, PTEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
5.2 History
On average, the dividend of PTEN grows each year by 14.73%, which is quite nice.
PTEN has been paying a dividend for at least 10 years, so it has 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-90.59%
EPS Next 2Y-242%
EPS Next 3Y-91.55%
5.85
-0.12 (-2.01%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners103.19%
Inst Owner Change-2.48%
Ins Owners2.45%
Ins Owner Change0.32%
Market Cap2.25B
Revenue(TTM)4.84B
Net Income(TTM)-136.12M
Analysts73.64
Price Target7.32 (25.13%)
Short Float %10.76%
Short Ratio4.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
Yearly Dividend0.32
Dividend Growth(5Y)14.73%
DP-90.59%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-93.92%
Min EPS beat(2)-186.86%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)-27.54%
Min EPS beat(4)-186.86%
Max EPS beat(4)100%
EPS beat(8)2
Avg EPS beat(8)-41.13%
EPS beat(12)5
Avg EPS beat(12)-26.32%
EPS beat(16)8
Avg EPS beat(16)7.89%
Revenue beat(2)0
Avg Revenue beat(2)-1.99%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)-1.92%
Revenue beat(4)1
Avg Revenue beat(4)-1.68%
Min Revenue beat(4)-8.57%
Max Revenue beat(4)5.83%
Revenue beat(8)3
Avg Revenue beat(8)-1.56%
Revenue beat(12)6
Avg Revenue beat(12)-0.13%
Revenue beat(16)9
Avg Revenue beat(16)0.9%
PT rev (1m)-3.87%
PT rev (3m)-12.86%
EPS NQ rev (1m)9.21%
EPS NQ rev (3m)-1.48%
EPS NY rev (1m)6.4%
EPS NY rev (3m)-72.45%
Revenue NQ rev (1m)-1.24%
Revenue NQ rev (3m)-1.5%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.47 | ||
| P/FCF | 7.81 | ||
| P/OCF | 2.56 | ||
| P/B | 0.69 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 3.7 |
EPS(TTM)-0.36
EYN/A
EPS(NY)-0.39
Fwd EYN/A
FCF(TTM)0.75
FCFY12.81%
OCF(TTM)2.28
OCFY39.03%
SpS12.56
BVpS8.43
TBVpS4.98
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.46% | ||
| ROE | -4.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.67% | ||
| FCFM | 5.97% |
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.3 | ||
| Debt/EBITDA | 1.35 | ||
| Cap/Depr | 60.67% | ||
| Cap/Sales | 12.21% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 97.03% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 1.24 |
F-Score5
WACC8.35%
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)-212.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-900%
EPS Next Y-927.81%
EPS Next 2Y-242%
EPS Next 3Y-91.55%
EPS Next 5Y94.44%
Revenue 1Y (TTM)-16.59%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-13.36%
Revenue Next Year-12.42%
Revenue Next 2Y-9.08%
Revenue Next 3Y-4.57%
Revenue Next 5Y5.95%
EBIT growth 1Y-135.87%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year467.83%
EBIT Next 3Y78.23%
EBIT Next 5Y55.6%
FCF growth 1Y-11.64%
FCF growth 3YN/A
FCF growth 5Y7.35%
OCF growth 1Y2.71%
OCF growth 3Y130.89%
OCF growth 5Y11.05%
PATTERSON-UTI ENERGY INC / PTEN FAQ
What is the fundamental rating for PTEN stock?
ChartMill assigns a fundamental rating of 3 / 10 to PTEN.
What is the valuation status for PTEN stock?
ChartMill assigns a valuation rating of 2 / 10 to PATTERSON-UTI ENERGY INC (PTEN). This can be considered as Overvalued.
What is the profitability of PTEN stock?
PATTERSON-UTI ENERGY INC (PTEN) has a profitability rating of 2 / 10.
What is the expected EPS growth for PATTERSON-UTI ENERGY INC (PTEN) stock?
The Earnings per Share (EPS) of PATTERSON-UTI ENERGY INC (PTEN) is expected to decline by -927.81% in the next year.
How sustainable is the dividend of PATTERSON-UTI ENERGY INC (PTEN) stock?
The dividend rating of PATTERSON-UTI ENERGY INC (PTEN) is 7 / 10 and the dividend payout ratio is -90.59%.