NATURAL GAS SERVICES GROUP (NGS) Fundamental Analysis & Valuation

NYSE:NGS • US63886Q1094

35.59 USD
-0.58 (-1.6%)
At close: Mar 13, 2026
35.59 USD
0 (0%)
After Hours: 3/13/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NGS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to NGS. NGS was compared to 60 industry peers in the Energy Equipment & Services industry. While NGS belongs to the best of the industry regarding profitability, there are concerns on its financial health. NGS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. NGS Profitability Analysis

1.1 Basic Checks

  • In the past year NGS was profitable.
  • NGS had a positive operating cash flow in the past year.
  • In multiple years NGS reported negative net income over the last 5 years.
  • In the past 5 years NGS always reported a positive cash flow from operatings.
NGS Yearly Net Income VS EBIT VS OCF VS FCFNGS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

  • NGS has a better Return On Assets (3.32%) than 65.00% of its industry peers.
  • NGS's Return On Equity of 6.89% is fine compared to the rest of the industry. NGS outperforms 65.00% of its industry peers.
  • NGS has a Return On Invested Capital of 5.51%. This is comparable to the rest of the industry: NGS outperforms 58.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NGS is significantly below the industry average of 13.37%.
  • The last Return On Invested Capital (5.51%) for NGS is above the 3 year average (2.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.32%
ROE 6.89%
ROIC 5.51%
ROA(3y)1.44%
ROA(5y)0.37%
ROE(3y)2.84%
ROE(5y)1.07%
ROIC(3y)2.84%
ROIC(5y)N/A
NGS Yearly ROA, ROE, ROICNGS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 -4 6

1.3 Margins

  • NGS's Profit Margin of 11.20% is amongst the best of the industry. NGS outperforms 90.00% of its industry peers.
  • NGS has a Operating Margin of 23.35%. This is amongst the best in the industry. NGS outperforms 91.67% of its industry peers.
  • NGS's Operating Margin has improved in the last couple of years.
  • NGS has a better Gross Margin (58.32%) than 93.33% of its industry peers.
  • NGS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.35%
PM (TTM) 11.2%
GM 58.32%
OM growth 3YN/A
OM growth 5Y156.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.53%
GM growth 5Y5.23%
NGS Yearly Profit, Operating, Gross MarginsNGS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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3

2. NGS Health Analysis

2.1 Basic Checks

  • NGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • NGS has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NGS has been reduced compared to 5 years ago.
  • Compared to 1 year ago, NGS has about the same debt to assets ratio.
NGS Yearly Shares OutstandingNGS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
NGS Yearly Total Debt VS Total AssetsNGS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • NGS has an Altman-Z score of 1.93. This is not the best score and indicates that NGS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of NGS (1.93) is comparable to the rest of the industry.
  • NGS has a Debt/Equity ratio of 0.77. This is a neutral value indicating NGS is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.77, NGS is not doing good in the industry: 68.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Altman-Z 1.93
ROIC/WACC0.58
WACC9.47%
NGS Yearly LT Debt VS Equity VS FCFNGS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

2.3 Liquidity

  • NGS has a Current Ratio of 1.83. This is a normal value and indicates that NGS is financially healthy and should not expect problems in meeting its short term obligations.
  • NGS has a Current ratio (1.83) which is in line with its industry peers.
  • NGS has a Quick Ratio of 1.06. This is a normal value and indicates that NGS is financially healthy and should not expect problems in meeting its short term obligations.
  • NGS's Quick ratio of 1.06 is on the low side compared to the rest of the industry. NGS is outperformed by 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.83
Quick Ratio 1.06
NGS Yearly Current Assets VS Current LiabilitesNGS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. NGS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.95% over the past year.
  • Measured over the past years, NGS shows a very strong growth in Earnings Per Share. The EPS has been growing by 87.22% on average per year.
  • Looking at the last year, NGS shows a quite strong growth in Revenue. The Revenue has grown by 9.53% in the last year.
  • NGS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.85% yearly.
EPS 1Y (TTM)13.95%
EPS 3YN/A
EPS 5Y87.22%
EPS Q2Q%12.5%
Revenue 1Y (TTM)9.53%
Revenue growth 3Y29.35%
Revenue growth 5Y14.85%
Sales Q2Q%6.67%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.84% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 8.06% on average over the next years. This is quite good.
EPS Next Y18.81%
EPS Next 2Y19.26%
EPS Next 3Y15.59%
EPS Next 5Y15.84%
Revenue Next Year8.61%
Revenue Next 2Y11.51%
Revenue Next 3Y10.36%
Revenue Next 5Y8.06%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NGS Yearly Revenue VS EstimatesNGS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
NGS Yearly EPS VS EstimatesNGS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2

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4

4. NGS Valuation Analysis

4.1 Price/Earnings Ratio

  • NGS is valuated rather expensively with a Price/Earnings ratio of 24.21.
  • Based on the Price/Earnings ratio, NGS is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.70, NGS is valued at the same level.
  • With a Price/Forward Earnings ratio of 18.13, NGS is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NGS indicates a somewhat cheap valuation: NGS is cheaper than 68.33% of the companies listed in the same industry.
  • NGS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.21
Fwd PE 18.13
NGS Price Earnings VS Forward Price EarningsNGS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • NGS's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.92
NGS Per share dataNGS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of NGS may justify a higher PE ratio.
  • A more expensive valuation may be justified as NGS's earnings are expected to grow with 15.59% in the coming years.
PEG (NY)1.29
PEG (5Y)0.28
EPS Next 2Y19.26%
EPS Next 3Y15.59%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. NGS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.17%, NGS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.04, NGS pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.82, NGS is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.17%

5.2 History

  • NGS is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
NGS Yearly Dividends per shareNGS Yearly Dividends per shareYearly Dividends per share 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

DPN/A
EPS Next 2Y19.26%
EPS Next 3Y15.59%
NGS Yearly Income VS Free CF VS DividendNGS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M

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NGS Fundamentals: All Metrics, Ratios and Statistics

NATURAL GAS SERVICES GROUP

NYSE:NGS (3/13/2026, 8:04:00 PM)

After market: 35.59 0 (0%)

35.59

-0.58 (-1.6%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-10
Earnings (Next)03-16
Inst Owners81.87%
Inst Owner Change4.66%
Ins Owners0.67%
Ins Owner Change-32.32%
Market Cap447.37M
Revenue(TTM)166.82M
Net Income(TTM)18.69M
Analysts82.22
Price Target41.62 (16.94%)
Short Float %2.31%
Short Ratio1.95
Dividend
Industry RankSector Rank
Dividend Yield 1.17%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date02-18
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.56%
Min EPS beat(2)15.35%
Max EPS beat(2)23.76%
EPS beat(4)3
Avg EPS beat(4)20.57%
Min EPS beat(4)-11.28%
Max EPS beat(4)54.46%
EPS beat(8)7
Avg EPS beat(8)44.34%
EPS beat(12)10
Avg EPS beat(12)76.97%
EPS beat(16)12
Avg EPS beat(16)-8.58%
Revenue beat(2)0
Avg Revenue beat(2)-1.32%
Min Revenue beat(2)-2.14%
Max Revenue beat(2)-0.49%
Revenue beat(4)1
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-2.14%
Max Revenue beat(4)1.12%
Revenue beat(8)5
Avg Revenue beat(8)3.68%
Revenue beat(12)9
Avg Revenue beat(12)6.28%
Revenue beat(16)12
Avg Revenue beat(16)6.29%
PT rev (1m)0%
PT rev (3m)4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 24.21
Fwd PE 18.13
P/S 2.68
P/FCF N/A
P/OCF 7.65
P/B 1.65
P/tB 1.65
EV/EBITDA 8.92
EPS(TTM)1.47
EY4.13%
EPS(NY)1.96
Fwd EY5.51%
FCF(TTM)-3.42
FCFYN/A
OCF(TTM)4.65
OCFY13.07%
SpS13.27
BVpS21.59
TBVpS21.59
PEG (NY)1.29
PEG (5Y)0.28
Graham Number26.72
Profitability
Industry RankSector Rank
ROA 3.32%
ROE 6.89%
ROCE 7.29%
ROIC 5.51%
ROICexc 5.51%
ROICexgc 5.51%
OM 23.35%
PM (TTM) 11.2%
GM 58.32%
FCFM N/A
ROA(3y)1.44%
ROA(5y)0.37%
ROE(3y)2.84%
ROE(5y)1.07%
ROIC(3y)2.84%
ROIC(5y)N/A
ROICexc(3y)2.85%
ROICexc(5y)N/A
ROICexgc(3y)2.85%
ROICexgc(5y)N/A
ROCE(3y)3.75%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y163.18%
ROICexc growth 3YN/A
ROICexc growth 5Y163.43%
OM growth 3YN/A
OM growth 5Y156.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.53%
GM growth 5Y5.23%
F-Score6
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Debt/EBITDA 2.8
Cap/Depr 287.26%
Cap/Sales 60.82%
Interest Coverage 2.66
Cash Conversion 78.74%
Profit Quality N/A
Current Ratio 1.83
Quick Ratio 1.06
Altman-Z 1.93
F-Score6
WACC9.47%
ROIC/WACC0.58
Cap/Depr(3y)359.72%
Cap/Depr(5y)248.19%
Cap/Sales(3y)83.23%
Cap/Sales(5y)61.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.95%
EPS 3YN/A
EPS 5Y87.22%
EPS Q2Q%12.5%
EPS Next Y18.81%
EPS Next 2Y19.26%
EPS Next 3Y15.59%
EPS Next 5Y15.84%
Revenue 1Y (TTM)9.53%
Revenue growth 3Y29.35%
Revenue growth 5Y14.85%
Sales Q2Q%6.67%
Revenue Next Year8.61%
Revenue Next 2Y11.51%
Revenue Next 3Y10.36%
Revenue Next 5Y8.06%
EBIT growth 1Y7.22%
EBIT growth 3YN/A
EBIT growth 5Y194.8%
EBIT Next Year130.95%
EBIT Next 3Y41.72%
EBIT Next 5Y30.61%
FCF growth 1Y65.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y75.75%
OCF growth 3Y32.56%
OCF growth 5Y17.71%

NATURAL GAS SERVICES GROUP / NGS FAQ

Can you provide the ChartMill fundamental rating for NATURAL GAS SERVICES GROUP?

ChartMill assigns a fundamental rating of 5 / 10 to NGS.


What is the valuation status of NATURAL GAS SERVICES GROUP (NGS) stock?

ChartMill assigns a valuation rating of 4 / 10 to NATURAL GAS SERVICES GROUP (NGS). This can be considered as Fairly Valued.


How profitable is NATURAL GAS SERVICES GROUP (NGS) stock?

NATURAL GAS SERVICES GROUP (NGS) has a profitability rating of 7 / 10.


What is the valuation of NATURAL GAS SERVICES GROUP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NATURAL GAS SERVICES GROUP (NGS) is 24.21 and the Price/Book (PB) ratio is 1.65.