PATTERSON-UTI ENERGY INC (PTEN) Stock Fundamental Analysis
USA - NASDAQ:PTEN - US7034811015 - Common Stock
5.51 USD
-0.11 (-1.96%)
5.64 USD
+0.13 (+2.36%)
PTEN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 61 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of PTEN have multiple concerns. PTEN is valued expensive and it does not seem to be growing. PTEN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PTEN has reported negative net income.
PTEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PTEN reported negative net income in multiple years.
PTEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PTEN has a worse Return On Assets (-19.34%) than 95.08% of its industry peers.
PTEN has a worse Return On Equity (-32.27%) than 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
PTEN has a Gross Margin (25.04%) which is comparable to the rest of the industry.
PTEN's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for PTEN so they could not be analyzed.
| 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.
PTEN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PTEN has more shares outstanding
PTEN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.21, we must say that PTEN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of PTEN (1.21) is worse than 72.13% of its industry peers.
The Debt to FCF ratio of PTEN is 3.73, which is a good value as it means it would take PTEN, 3.73 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 3.73, PTEN perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that PTEN is not too dependend on debt financing.
PTEN has a Debt to Equity ratio (0.37) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 3.73 | ||
| Altman-Z | 1.21 |
ROIC/WACCN/A
WACC8.09%
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's Current ratio of 1.73 is on the low side compared to the rest of the industry. PTEN is outperformed by 63.93% of its industry peers.
PTEN has a Quick Ratio of 1.50. 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 Quick ratio of 1.50. This is comparable to the rest of the industry: PTEN outperforms 52.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The earnings per share for PTEN have decreased strongly by -150.94% in the last year.
The Revenue has decreased by -7.98% in the past year.
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)-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
The Earnings Per Share is expected to grow by 94.44% on average over the next years. This is a very strong growth
Based on estimates for the next years, PTEN will show a small growth in Revenue. The Revenue will grow by 5.95% on average per year.
EPS Next Y-984.39%
EPS Next 2Y-243.21%
EPS Next 3Y-73.62%
EPS Next 5Y94.44%
Revenue Next Year-12.24%
Revenue Next 2Y-8%
Revenue Next 3Y-4.27%
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
The Price/Earnings Ratio is negative for PTEN. In the last year negative earnings were reported.
Also next year PTEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PTEN indicates a rather cheap valuation: PTEN is cheaper than 96.72% of the companies listed in the same industry.
PTEN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PTEN is cheaper than 90.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.37 | ||
| EV/EBITDA | 3.23 |
4.3 Compensation for Growth
A cheap valuation may be justified as PTEN's earnings are expected to decrease with -73.62% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-243.21%
EPS Next 3Y-73.62%
5. Dividend
5.1 Amount
PTEN has a Yearly Dividend Yield of 5.69%, which is a nice return.
Compared to an average industry Dividend Yield of 3.22, PTEN pays a better dividend. On top of this PTEN pays more dividend than 95.08% 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 | 5.69% |
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
PTEN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
PTEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-11.5%
EPS Next 2Y-243.21%
EPS Next 3Y-73.62%
5.51
-0.11 (-1.96%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners103.19%
Inst Owner Change-0.27%
Ins Owners2.45%
Ins Owner Change6.29%
Market Cap2.12B
Analysts76.36
Price Target7.61 (38.11%)
Short Float %11.38%
Short Ratio4.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.69% |
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)-0.04%
PT rev (3m)-12.81%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)-54.46%
EPS NY rev (1m)-7.6%
EPS NY rev (3m)-84.23%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-2.36%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.42 | ||
| P/FCF | 6.37 | ||
| P/OCF | 2.21 | ||
| P/B | 0.63 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 3.23 |
EPS(TTM)-0.27
EYN/A
EPS(NY)-0.39
Fwd EYN/A
FCF(TTM)0.86
FCFY15.69%
OCF(TTM)2.49
OCFY45.23%
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 | 1.21 |
F-Score5
WACC8.09%
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-984.39%
EPS Next 2Y-243.21%
EPS Next 3Y-73.62%
EPS Next 5Y94.44%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-9.56%
Revenue Next Year-12.24%
Revenue Next 2Y-8%
Revenue Next 3Y-4.27%
Revenue Next 5Y5.95%
EBIT growth 1Y-137.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year467.83%
EBIT Next 3Y78.23%
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%