PATTERSON-UTI ENERGY INC (PTEN)
US7034811015 - Common Stock
10.5 -0.07 (-0.66%)
After market: 10.5 0 (0%)
Fundamental Rating
We assign a fundamental rating of 7 out of 10 to PTEN. PTEN was compared to 92 industry peers in the Energy Equipment & Services industry. While PTEN has a great profitability rating, there are some minor concerns on its financial health. PTEN has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!
Profitability
Profitability Rating
PTEN has a Return On Assets of 9.16%. This is better than the industry average of 6.20%.
PTEN has a Profit Margin of 9.66%. This is better than the industry average of 6.54%.
PTEN has a very good Piotroski-F score of 9.00. This indicates a great health and profitability for PTEN.
PTEN's Return On Equity of 16.92% is in line with the rest of the industry. The industry average Return On Equity is 12.14%.
VS Industry
ROA (9.16%) VS Industry: 73% outperformed.
0.09
27.38
ROE (16.92%) VS Industry: 60% outperformed.
0.13
350.47
Profit Margin (9.66%) VS Industry: 67% outperformed.
0.16
114.10
Valuation
Valuation Rating
The Price/Earnings Ratio is 8.08, which indicates a very decent valuation of PTEN.
Compared to an average industry Price/Earning Ratio of 10.77, PTEN is valued a bit cheaper than its industry peers.
With a Forward Price/Earnings Ratio of 5.22, the valuation of PTEN can be described as cheap.
The low PEG Ratio, which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
When comparing the Enterprise Value to EBITDA ratio of PTEN to the average industry ratio of 5.48, PTEN is valued rather cheaply. PTEN is also cheaper than 86% of the companies listed in the same industry.
With a price book ratio of 1.31, PTEN is valued correctly.
Compared to an average industry price book ratio of 1.22, PTEN is valued in line with its industry peers.
VS Industry
Price/Earnings (8.08) VS Industry: 70% outperformed.
391.75
0.89
Price/Book (1.31) VS Industry: 44% outperformed.
129.71
0.18
Enterprise Value/ EBITDA (3.39) VS Industry: 86% outperformed.
120.47
1.85
Growth
Growth Rating
The Earnings Per Share has grown by an impressive 187.84% over the past year.
The Earnings Per Share has been growing by 103.88% on average over the past 5 years. This is a very strong growth
Based on estimates for the next 5 years, PTEN will show a very strong growth in Earnings Per Share. The EPS will grow by 20.11% on average per year.
PTEN shows a strong growth in Revenue. In the last year, the Revenue has grown by 80.25%.
The Revenue growth is accelerating: in the next 5 years the growth will be better than in the last years.
Measured over the past 5 years, PTEN shows a small growth in Revenue. The Revenue has been growing by 2.36% on average per year.
The Revenue is expected to grow by 6.77% on average over the next 5 years.
When comparing the EPS growth rate of the last years to the growth rate of the upcoming 5 years, we see that the growth is decreasing.
| Past | Future | ||||||
|---|---|---|---|---|---|---|---|
| 5Y | 3Y | 1Y | 1Y | 2Y | 3Y | 5Y | |
| EPS | 103.88% | N/A | 187.84% | 146.85% | 68.3% | 44.82% | 20.11% |
| Revenue | 2.36% | 2.33% | 80.25% | 22.48% | 13.78% | 9.8% | 6.77% |
Health
Health Rating
PTEN is in better financial health than average in its industry. Its Altman-Z score is much better than the industry average of 1.77.
The Piotroski-F score of PTEN is 9.00. This is a very strong score and indicates great health and profitability for PTEN.
A Current Ratio of 1.60 indicates that PTEN should not have too much problems paying its short term obligations.
PTEN has a Current Ratio comparable to the industry average, which is at 1.93.
PTEN has a Quick Ratio of 1.47. 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 comparable to the industry average, which is at 1.51.
An Altman-Z score of 2.35 indicates that PTEN is not a great score, but indicates only limited risk for bankruptcy at the moment.
Compared to an average industry Debt to Equity Ratio of 0.37, PTEN is more dependent on financing than its industry peers.
VS Industry
Debt/Equity (0.49) VS Industry: 39% outperformed.
16.18
0.00
Quick Ratio (1.47) VS Industry: 48% outperformed.
0.18
8.35
Current Ratio (1.6) VS Industry: 41% outperformed.
0.18
9.02
Altman-Z (2.35) VS Industry: 64% outperformed.
-7.36
10.89
Dividend
Dividend Rating
The dividend of PTEN is nicely growing with an annual growth rate of 17.97%!
The dividend of PTEN is growing, but earnings are growing more, so the dividend growth is sustainable.
PTEN pays out 18.16% of its income as dividend. This is a sustainable payout ratio.
PTEN has paid a dividend for at least 10 years, which is a reliable track record.
PTEN has a Yearly Dividend Yield of 3.03%.
The stock price of PTEN dropped by -22.74% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
PTEN's Dividend Yield is comparable with the industry average which is at 2.98.
PTEN's Dividend Yield is comparable with the S&P500 average which is at 2.72.
VS Industry
Dividend Yield (3.03%) VS Industry: 54% outperformed.
0.17
11.02
PATTERSON-UTI ENERGY INC
NASDAQ:PTEN (5/26/2023, 7:00:02 PM)
After market: 10.5 0 (0%)10.5
-0.07 (-0.66%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)04-26 2023-04-26/amc
Earnings (Next)07-26 2023-07-26/amc
Inst Owners102.2%
Inst Owner Change-1.62%
Ins Owners2.46%
Ins Owner Change20.23%
Market Cap2.19B
Analysts77.27
Price Target18.09 (72.29%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
Dividend Growth(5Y)17.97%
DP18.16%
Div Incr Years1
Div Non Decr Years1
Ex-Date05-31 2023-05-31 (0.08)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.43%
Min EPS beat(2)7.06%
Max EPS beat(2)27.8%
EPS beat(4)4
Avg EPS beat(4)111.03%
Min EPS beat(4)7.06%
Max EPS beat(4)359.5%
Revenue beat(2)2
Avg Revenue beat(2)2.27%
Min Revenue beat(2)1.89%
Max Revenue beat(2)2.66%
Revenue beat(4)4
Avg Revenue beat(4)4.4%
Min Revenue beat(4)1.89%
Max Revenue beat(4)6.92%
PT rev (1m)-12.02%
PT rev (3m)-23.97%
EPS NQ rev (1m)3.36%
EPS NQ rev (3m)-19.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.67%
Revenue NQ rev (1m)-1.43%
Revenue NQ rev (3m)-4.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 5.22 | ||
| P/S | 0.75 | ||
| P/FCF | 7.12 | ||
| P/OCF | 2.85 | ||
| P/B | 1.31 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 3.39 |
EPS(TTM)1.3
EY12.38%
EPS(NY)2.01
Fwd EY19.15%
FCF(TTM)1.48
FCFY14.05%
OCF(TTM)3.68
OCFY35.07%
SpS14.07
BVpS8.03
TBVpS8.01
PEG (NY)0.06
PEG (5Y)0.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.16% | ||
| ROE | 16.92% | ||
| ROIC | 12.21% | ||
| ROICexc | 12.99% | ||
| ROICexgc | 13.02% | ||
| OM | 11.78% | ||
| PM | 9.66% | ||
| GM | 32.56% |
ROICexgc(3y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc(3y)N/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y89.06%
GM growth 3Y2.36%
GM growth 5Y2.21%
F-Score9
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 2.68 | ||
| Debt/EBITDA | 0.98 | ||
| Cap/Depr | 92.81% | ||
| Profit Quality | 108.54% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 2.35 |
F-Score9
WACC9.09%
ROIC/WACC1.43
Cap/Depr(3y)43.84%
Cap/Depr(5y)47.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y187.84%
EPS 3YN/A
EPS 5Y103.88%
EPS growth Q2Q453.85%
EPS Next Y146.85%
EPS Next 2Y68.3%
EPS Next 3Y44.82%
EPS Next 5Y20.11%
Revenue growth 1Y80.25%
Revenue growth 3Y2.33%
Revenue growth 5Y2.36%
Revenue growth Q2Q55.45%
Revenue Next Year22.48%
Revenue Next 2Y13.78%
Revenue Next 3Y9.8%
Revenue Next 5Y6.77%
EBIT growth 1Y160.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year429.06%
EBIT Next 3Y71.83%
EBIT Next 5Y38.37%
FCF growth 1Y151.67%
FCF growth 3Y-28.14%
FCF growth 5YN/A
OCF growth 1Y258.01%
OCF growth 3Y-6.66%
OCF growth 5Y13.49%
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