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FLOTEK INDUSTRIES INC (FTK) Stock Fundamental Analysis

NYSE:FTK - New York Stock Exchange, Inc. - US3433894090 - Common Stock - Currency: USD

8.22  -0.2 (-2.38%)

After market: 8.22 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FTK. FTK was compared to 85 industry peers in the Chemicals industry. While FTK seems to be doing ok healthwise, there are quite some concerns on its profitability. FTK is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FTK was profitable.
In the past year FTK had a positive cash flow from operations.
FTK had negative earnings in 4 of the past 5 years.
FTK had a negative operating cash flow in each of the past 5 years.
FTK Yearly Net Income VS EBIT VS OCF VS FCFFTK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50M -100M

1.2 Ratios

FTK has a better Return On Assets (5.09%) than 74.70% of its industry peers.
FTK's Return On Equity of 7.50% is fine compared to the rest of the industry. FTK outperforms 61.45% of its industry peers.
With a decent Return On Invested Capital value of 6.36%, FTK is doing good in the industry, outperforming 66.27% of the companies in the same industry.
Industry RankSector Rank
ROA 5.09%
ROE 7.5%
ROIC 6.36%
ROA(3y)-23.58%
ROA(5y)-48.76%
ROE(3y)-584.56%
ROE(5y)-412.52%
ROIC(3y)N/A
ROIC(5y)N/A
FTK Yearly ROA, ROE, ROICFTK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K -1.5K

1.3 Margins

With a Profit Margin value of 4.58%, FTK perfoms like the industry average, outperforming 56.63% of the companies in the same industry.
FTK has a Operating Margin of 5.29%. This is in the lower half of the industry: FTK underperforms 62.65% of its industry peers.
FTK's Gross Margin of 20.48% is on the low side compared to the rest of the industry. FTK is outperformed by 62.65% of its industry peers.
In the last couple of years the Gross Margin of FTK has grown nicely.
Industry RankSector Rank
OM 5.29%
PM (TTM) 4.58%
GM 20.48%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y4.97%
FTK Yearly Profit, Operating, Gross MarginsFTK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150 -200 -250

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FTK is destroying value.
FTK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FTK has more shares outstanding
Compared to 1 year ago, FTK has an improved debt to assets ratio.
FTK Yearly Shares OutstandingFTK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
FTK Yearly Total Debt VS Total AssetsFTK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.2 Solvency

FTK has an Altman-Z score of 1.67. This is a bad value and indicates that FTK is not financially healthy and even has some risk of bankruptcy.
FTK's Altman-Z score of 1.67 is on the low side compared to the rest of the industry. FTK is outperformed by 60.24% of its industry peers.
FTK has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.53, FTK belongs to the top of the industry, outperforming 96.39% of the companies in the same industry.
FTK has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.01, FTK belongs to the best of the industry, outperforming 93.98% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.53
Altman-Z 1.67
ROIC/WACC0.79
WACC8.07%
FTK Yearly LT Debt VS Equity VS FCFFTK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M

2.3 Liquidity

FTK has a Current Ratio of 1.93. This is a normal value and indicates that FTK is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.93, FTK is in line with its industry, outperforming 45.78% of the companies in the same industry.
A Quick Ratio of 1.64 indicates that FTK should not have too much problems paying its short term obligations.
FTK has a better Quick ratio (1.64) than 66.27% of its industry peers.
Industry RankSector Rank
Current Ratio 1.93
Quick Ratio 1.64
FTK Yearly Current Assets VS Current LiabilitesFTK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 115.29% over the past year.
The Revenue has decreased by -8.04% in the past year.
Measured over the past years, FTK shows a small growth in Revenue. The Revenue has been growing by 1.13% on average per year.
EPS 1Y (TTM)115.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)-8.04%
Revenue growth 3Y52.43%
Revenue growth 5Y1.13%
Sales Q2Q%5.23%

3.2 Future

Based on estimates for the next years, FTK will show a very strong growth in Earnings Per Share. The EPS will grow by 103.83% on average per year.
FTK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.54% yearly.
EPS Next Y339.1%
EPS Next 2Y141.66%
EPS Next 3Y103.83%
EPS Next 5YN/A
Revenue Next Year-4.29%
Revenue Next 2Y4.42%
Revenue Next 3Y7.54%
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.
FTK Yearly Revenue VS EstimatesFTK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
FTK Yearly EPS VS EstimatesFTK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 4 -4

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 31.62, which means the current valuation is very expensive for FTK.
63.86% of the companies in the same industry are cheaper than FTK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FTK to the average of the S&P500 Index (29.63), we can say FTK is valued inline with the index average.
FTK is valuated correctly with a Price/Forward Earnings ratio of 16.47.
FTK's Price/Forward Earnings is on the same level as the industry average.
FTK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 31.62
Fwd PE 16.47
FTK Price Earnings VS Forward Price EarningsFTK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FTK is valued a bit more expensive than the industry average as 77.11% of the companies are valued more cheaply.
62.65% of the companies in the same industry are cheaper than FTK, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 84.56
EV/EBITDA 23.29
FTK Per share dataFTK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

FTK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FTK's earnings are expected to grow with 103.83% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y141.66%
EPS Next 3Y103.83%

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0

5. Dividend

5.1 Amount

No dividends for FTK!.
Industry RankSector Rank
Dividend Yield N/A

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FLOTEK INDUSTRIES INC

NYSE:FTK (2/21/2025, 8:22:21 PM)

After market: 8.22 0 (0%)

8.22

-0.2 (-2.38%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners20.36%
Inst Owner Change-87.98%
Ins Owners2.37%
Ins Owner Change1.14%
Market Cap244.96M
Analysts80
Price Target8.93 (8.64%)
Short Float %3.38%
Short Ratio2.48
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.01%
Min EPS beat(2)-10.33%
Max EPS beat(2)12.35%
EPS beat(4)1
Avg EPS beat(4)-5.88%
Min EPS beat(4)-21.69%
Max EPS beat(4)12.35%
EPS beat(8)3
Avg EPS beat(8)-73.41%
EPS beat(12)4
Avg EPS beat(12)-87.23%
EPS beat(16)5
Avg EPS beat(16)-66.93%
Revenue beat(2)1
Avg Revenue beat(2)0.41%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)1.64%
Revenue beat(4)1
Avg Revenue beat(4)-5.53%
Min Revenue beat(4)-11.6%
Max Revenue beat(4)1.64%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)4.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.45%
Valuation
Industry RankSector Rank
PE 31.62
Fwd PE 16.47
P/S 1.37
P/FCF 84.56
P/OCF 63.2
P/B 2.25
P/tB 2.25
EV/EBITDA 23.29
EPS(TTM)0.26
EY3.16%
EPS(NY)0.5
Fwd EY6.07%
FCF(TTM)0.1
FCFY1.18%
OCF(TTM)0.13
OCFY1.58%
SpS5.99
BVpS3.66
TBVpS3.66
PEG (NY)0.09
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.09%
ROE 7.5%
ROCE 8.15%
ROIC 6.36%
ROICexc 6.64%
ROICexgc 6.64%
OM 5.29%
PM (TTM) 4.58%
GM 20.48%
FCFM 1.62%
ROA(3y)-23.58%
ROA(5y)-48.76%
ROE(3y)-584.56%
ROE(5y)-412.52%
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)N/A
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 3YN/A
GM growth 5Y4.97%
F-Score6
Asset Turnover1.11
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.53
Debt/EBITDA 0.14
Cap/Depr 113.05%
Cap/Sales 0.55%
Interest Coverage 8.98
Cash Conversion 37.6%
Profit Quality 35.45%
Current Ratio 1.93
Quick Ratio 1.64
Altman-Z 1.67
F-Score6
WACC8.07%
ROIC/WACC0.79
Cap/Depr(3y)69.59%
Cap/Depr(5y)55.83%
Cap/Sales(3y)0.33%
Cap/Sales(5y)1.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)115.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y339.1%
EPS Next 2Y141.66%
EPS Next 3Y103.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.04%
Revenue growth 3Y52.43%
Revenue growth 5Y1.13%
Sales Q2Q%5.23%
Revenue Next Year-4.29%
Revenue Next 2Y4.42%
Revenue Next 3Y7.54%
Revenue Next 5YN/A
EBIT growth 1Y239.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-24.47%
EBIT Next 3Y8.37%
EBIT Next 5YN/A
FCF growth 1Y105.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y107.08%
OCF growth 3YN/A
OCF growth 5YN/A