NATURAL GAS SERVICES GROUP (NGS) Fundamental Analysis & Valuation

NYSE:NGS • US63886Q1094

Current stock price

39.62 USD
-0.2 (-0.5%)
Last:

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

7

1. NGS Profitability Analysis

1.1 Basic Checks

  • NGS had positive earnings in the past year.
  • NGS had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: NGS reported negative net income in multiple years.
  • NGS had a positive operating cash flow in each of the past 5 years.
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 2025 0 50M -50M -100M

1.2 Ratios

  • The Return On Assets of NGS (3.40%) is better than 66.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.25%, NGS is in the better half of the industry, outperforming 68.33% of the companies in the same industry.
  • The Return On Invested Capital of NGS (5.70%) is comparable to the rest of the industry.
  • NGS had an Average Return On Invested Capital over the past 3 years of 4.74%. This is significantly below the industry average of 13.38%.
  • The 3 year average ROIC (4.74%) for NGS is below the current ROIC(5.70%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.4%
ROE 7.25%
ROIC 5.7%
ROA(3y)2.63%
ROA(5y)0.93%
ROE(3y)5.34%
ROE(5y)2.38%
ROIC(3y)4.74%
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 2025 0 2 -2 4 -4 6

1.3 Margins

  • NGS has a Profit Margin of 11.56%. This is amongst the best in the industry. NGS outperforms 86.67% of its industry peers.
  • NGS's Profit Margin has improved in the last couple of years.
  • The Operating Margin of NGS (24.07%) is better than 93.33% of its industry peers.
  • In the last couple of years the Operating Margin of NGS has grown nicely.
  • NGS has a Gross Margin of 58.34%. This is amongst the best in the industry. NGS outperforms 93.33% of its industry peers.
  • NGS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.07%
PM (TTM) 11.56%
GM 58.34%
OM growth 3Y206.36%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y34.17%
GM growth 3Y8.76%
GM growth 5Y4.01%
NGS Yearly Profit, Operating, Gross MarginsNGS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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.
  • The number of shares outstanding for NGS has been increased compared to 1 year ago.
  • NGS has less shares outstanding than it did 5 years ago.
  • NGS has a worse debt/assets ratio than last year.
NGS Yearly Shares OutstandingNGS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 100M 200M 300M 400M 500M

2.2 Solvency

  • NGS has an Altman-Z score of 1.96. 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.
  • NGS has a Altman-Z score (1.96) which is in line with its industry peers.
  • NGS has a Debt/Equity ratio of 0.84. This is a neutral value indicating NGS is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.84, NGS is not doing good in the industry: 71.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Altman-Z 1.96
ROIC/WACC0.66
WACC8.63%
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 2025 0 100M -100M 200M

2.3 Liquidity

  • A Current Ratio of 2.33 indicates that NGS has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 2.33, NGS is doing good in the industry, outperforming 70.00% of the companies in the same industry.
  • NGS has a Quick Ratio of 1.49. 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 1.49 is in line compared to the rest of the industry. NGS outperforms 51.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.33
Quick Ratio 1.49
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 2025 20M 40M 60M 80M 100M

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

7

3. NGS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.04% over the past year.
  • The Earnings Per Share has been growing by 62.16% on average over the past years. This is a very strong growth
  • NGS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.94%.
  • The Revenue has been growing by 20.42% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)13.04%
EPS 3YN/A
EPS 5Y62.16%
EPS Q2Q%39.13%
Revenue 1Y (TTM)9.94%
Revenue growth 3Y26.65%
Revenue growth 5Y20.42%
Sales Q2Q%13.51%

3.2 Future

  • Based on estimates for the next years, NGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.78% on average per year.
  • The Revenue is expected to grow by 8.08% on average over the next years. This is quite good.
EPS Next Y25.82%
EPS Next 2Y16.88%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue Next Year15.01%
Revenue Next 2Y12.01%
Revenue Next 3Y8.08%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • The Price/Earnings ratio is 25.40, which means the current valuation is very expensive for NGS.
  • Based on the Price/Earnings ratio, NGS is valued a bit cheaper than the industry average as 68.33% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.61. NGS is around the same levels.
  • With a Price/Forward Earnings ratio of 20.19, NGS is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, NGS is valued a bit cheaper than 63.33% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.79. NGS is around the same levels.
Industry RankSector Rank
PE 25.4
Fwd PE 20.19
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as NGS.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.35
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NGS has a very decent profitability rating, which may justify a higher PE ratio.
  • NGS's earnings are expected to grow with 16.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.98
PEG (5Y)0.41
EPS Next 2Y16.88%
EPS Next 3Y16.78%

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

3

5. NGS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.12%, NGS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.99, NGS pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 1.12, NGS pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.12%

5.2 History

  • NGS does not have a reliable dividend history as it only pays dividend since a couple or years.
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

  • NGS pays out 13.23% of its income as dividend. This is a sustainable payout ratio.
DP13.23%
EPS Next 2Y16.88%
EPS Next 3Y16.78%
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 2025 0 -50M -100M
NGS Dividend Payout.NGS Dividend Payout, showing the Payout Ratio.NGS Dividend Payout.PayoutRetained Earnings

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NGS Fundamentals: All Metrics, Ratios and Statistics

NATURAL GAS SERVICES GROUP

NYSE:NGS (3/26/2026, 2:38:17 PM)

39.62

-0.2 (-0.5%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-16
Earnings (Next)05-11
Inst Owners81.87%
Inst Owner Change4.66%
Ins Owners0.67%
Ins Owner Change-29.79%
Market Cap498.02M
Revenue(TTM)172.31M
Net Income(TTM)19.93M
Analysts82.22
Price Target41.62 (5.05%)
Short Float %2.16%
Short Ratio1.79
Dividend
Industry RankSector Rank
Dividend Yield 1.12%
Yearly Dividend0.21
Dividend Growth(5Y)N/A
DP13.23%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-18
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.31%
Min EPS beat(2)-15.13%
Max EPS beat(2)23.76%
EPS beat(4)3
Avg EPS beat(4)19.61%
Min EPS beat(4)-15.13%
Max EPS beat(4)54.46%
EPS beat(8)6
Avg EPS beat(8)26.07%
EPS beat(12)10
Avg EPS beat(12)101.5%
EPS beat(16)12
Avg EPS beat(16)50.75%
Revenue beat(2)1
Avg Revenue beat(2)1.55%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)3.6%
Revenue beat(4)2
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-2.14%
Max Revenue beat(4)3.6%
Revenue beat(8)5
Avg Revenue beat(8)1.84%
Revenue beat(12)9
Avg Revenue beat(12)5.71%
Revenue beat(16)13
Avg Revenue beat(16)6.59%
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%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 25.4
Fwd PE 20.19
P/S 2.89
P/FCF N/A
P/OCF 7.91
P/B 1.81
P/tB 1.81
EV/EBITDA 9.35
EPS(TTM)1.56
EY3.94%
EPS(NY)1.96
Fwd EY4.95%
FCF(TTM)-4.66
FCFYN/A
OCF(TTM)5.01
OCFY12.64%
SpS13.71
BVpS21.85
TBVpS21.85
PEG (NY)0.98
PEG (5Y)0.41
Graham Number27.7
Profitability
Industry RankSector Rank
ROA 3.4%
ROE 7.25%
ROCE 7.38%
ROIC 5.7%
ROICexc 5.7%
ROICexgc 5.7%
OM 24.07%
PM (TTM) 11.56%
GM 58.34%
FCFM N/A
ROA(3y)2.63%
ROA(5y)0.93%
ROE(3y)5.34%
ROE(5y)2.38%
ROIC(3y)4.74%
ROIC(5y)N/A
ROICexc(3y)4.75%
ROICexc(5y)N/A
ROICexgc(3y)4.76%
ROICexgc(5y)N/A
ROCE(3y)6.13%
ROCE(5y)N/A
ROICexgc growth 3Y212.4%
ROICexgc growth 5YN/A
ROICexc growth 3Y212.72%
ROICexc growth 5YN/A
OM growth 3Y206.36%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y34.17%
GM growth 3Y8.76%
GM growth 5Y4.01%
F-Score4
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Debt/EBITDA 2.94
Cap/Depr 331.43%
Cap/Sales 70.5%
Interest Coverage 2.8
Cash Conversion 80.55%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 1.49
Altman-Z 1.96
F-Score4
WACC8.63%
ROIC/WACC0.66
Cap/Depr(3y)380.2%
Cap/Depr(5y)302.36%
Cap/Sales(3y)81.14%
Cap/Sales(5y)71.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.04%
EPS 3YN/A
EPS 5Y62.16%
EPS Q2Q%39.13%
EPS Next Y25.82%
EPS Next 2Y16.88%
EPS Next 3Y16.78%
EPS Next 5YN/A
Revenue 1Y (TTM)9.94%
Revenue growth 3Y26.65%
Revenue growth 5Y20.42%
Sales Q2Q%13.51%
Revenue Next Year15.01%
Revenue Next 2Y12.01%
Revenue Next 3Y8.08%
Revenue Next 5YN/A
EBIT growth 1Y16.4%
EBIT growth 3Y287.99%
EBIT growth 5YN/A
EBIT Next Year132.15%
EBIT Next 3Y36.12%
EBIT Next 5YN/A
FCF growth 1Y-978.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.32%
OCF growth 3Y31.36%
OCF growth 5Y14.02%

NATURAL GAS SERVICES GROUP / NGS Fundamental Analysis 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 25.4 and the Price/Book (PB) ratio is 1.81.


Can you provide the dividend sustainability for NGS stock?

The dividend rating of NATURAL GAS SERVICES GROUP (NGS) is 3 / 10 and the dividend payout ratio is 13.23%.