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NEWPARK RESOURCES INC (NR) Stock Fundamental Analysis

USA - NYSE:NR - US6517185046 - Common Stock

7.25 USD
-0.37 (-4.86%)
Last: 12/18/2024, 8:04:00 PM
7.25 USD
0 (0%)
After Hours: 12/18/2024, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to NR. NR was compared to 61 industry peers in the Energy Equipment & Services industry. No worries on liquidiy or solvency for NR as it has an excellent financial health rating, but there are worries on the profitability. NR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year NR was profitable.
In the past year NR had a positive cash flow from operations.
In the past 5 years NR reported 4 times negative net income.
In multiple years NR reported negative operating cash flow during the last 5 years.
NR Yearly Net Income VS EBIT VS OCF VS FCFNR 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 -50M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of -39.05%, NR is doing worse than 96.61% of the companies in the same industry.
With a Return On Equity value of -48.08%, NR is not doing good in the industry: 89.83% of the companies in the same industry are doing better.
NR has a Return On Invested Capital of 9.30%. This is in the better half of the industry: NR outperforms 69.49% of its industry peers.
Industry RankSector Rank
ROA -39.05%
ROE -48.08%
ROIC 9.3%
ROA(3y)-1.35%
ROA(5y)-3.37%
ROE(3y)-2.31%
ROE(5y)-5.17%
ROIC(3y)N/A
ROIC(5y)N/A
NR Yearly ROA, ROE, ROICNR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

NR's Profit Margin has declined in the last couple of years.
NR's Operating Margin of 8.02% is on the low side compared to the rest of the industry. NR is outperformed by 61.02% of its industry peers.
NR's Operating Margin has declined in the last couple of years.
NR has a Gross Margin (24.13%) which is in line with its industry peers.
In the last couple of years the Gross Margin of NR has remained more or less at the same level.
Industry RankSector Rank
OM 8.02%
PM (TTM) N/A
GM 24.13%
OM growth 3YN/A
OM growth 5Y-4.51%
PM growth 3YN/A
PM growth 5Y-10.71%
GM growth 3Y67.42%
GM growth 5Y-0.53%
NR Yearly Profit, Operating, Gross MarginsNR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

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9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NR is still creating some value.
Compared to 1 year ago, NR has less shares outstanding
Compared to 5 years ago, NR has less shares outstanding
NR has a better debt/assets ratio than last year.
NR Yearly Shares OutstandingNR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
NR Yearly Total Debt VS Total AssetsNR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

NR has an Altman-Z score of 6.43. This indicates that NR is financially healthy and has little risk of bankruptcy at the moment.
NR has a Altman-Z score of 6.43. This is amongst the best in the industry. NR outperforms 96.61% of its industry peers.
NR has a debt to FCF ratio of 0.35. This is a very positive value and a sign of high solvency as it would only need 0.35 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.35, NR belongs to the best of the industry, outperforming 91.53% of the companies in the same industry.
NR has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
NR has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. NR outperforms 86.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Altman-Z 6.43
ROIC/WACC1.05
WACC8.86%
NR Yearly LT Debt VS Equity VS FCFNR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M

2.3 Liquidity

NR has a Current Ratio of 2.29. This indicates that NR is financially healthy and has no problem in meeting its short term obligations.
NR has a Current ratio of 2.29. This is in the better half of the industry: NR outperforms 64.41% of its industry peers.
A Quick Ratio of 2.00 indicates that NR should not have too much problems paying its short term obligations.
NR's Quick ratio of 2.00 is fine compared to the rest of the industry. NR outperforms 74.58% of its industry peers.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 2
NR Yearly Current Assets VS Current LiabilitesNR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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1

3. Growth

3.1 Past

NR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.21%.
Measured over the past years, NR shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.04% on average per year.
NR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -38.43%.
Measured over the past years, NR shows a decrease in Revenue. The Revenue has been decreasing by -4.56% on average per year.
EPS 1Y (TTM)-21.21%
EPS 3YN/A
EPS 5Y-3.04%
EPS Q2Q%-100%
Revenue 1Y (TTM)-38.43%
Revenue growth 3Y15.02%
Revenue growth 5Y-4.56%
Sales Q2Q%-77.73%

3.2 Future

Based on estimates for the next years, NR will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.17% on average per year.
Based on estimates for the next years, NR will show a very negative growth in Revenue. The Revenue will decrease by -28.57% on average per year.
EPS Next Y33.9%
EPS Next 2Y11.69%
EPS Next 3Y16.17%
EPS Next 5YN/A
Revenue Next Year-63.28%
Revenue Next 2Y-43.4%
Revenue Next 3Y-28.57%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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.
NR Yearly Revenue VS EstimatesNR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
NR Yearly EPS VS EstimatesNR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2023 2024 2025 2026 0 0.5 -0.5

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 27.88, which means the current valuation is very expensive for NR.
NR's Price/Earnings ratio is a bit more expensive when compared to the industry. NR is more expensive than 64.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.77. NR is around the same levels.
Based on the Price/Forward Earnings ratio of 19.37, the valuation of NR can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NR indicates a slightly more expensive valuation: NR is more expensive than 66.10% of the companies listed in the same industry.
NR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.88
Fwd PE 19.37
NR Price Earnings VS Forward Price EarningsNR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

67.80% of the companies in the same industry are cheaper than NR, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as NR.
Industry RankSector Rank
P/FCF 15.91
EV/EBITDA 8.6
NR Per share dataNR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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.
NR's earnings are expected to grow with 16.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y11.69%
EPS Next 3Y16.17%

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0

5. Dividend

5.1 Amount

NR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NEWPARK RESOURCES INC

NYSE:NR (12/18/2024, 8:04:00 PM)

After market: 7.25 0 (0%)

7.25

-0.37 (-4.86%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-19 2025-02-19/amc
Inst Owners85.89%
Inst Owner Change-1%
Ins Owners8.75%
Ins Owner Change0%
Market Cap627.13M
Revenue(TTM)496.89M
Net Income(TTM)-152148000
Analysts83.33
Price Target11.22 (54.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
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)-24.84%
Min EPS beat(2)-100%
Max EPS beat(2)50.33%
EPS beat(4)2
Avg EPS beat(4)-5.34%
Min EPS beat(4)-100%
Max EPS beat(4)76.52%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-9.08%
Min Revenue beat(2)-20.8%
Max Revenue beat(2)2.64%
Revenue beat(4)1
Avg Revenue beat(4)-6.71%
Min Revenue beat(4)-20.8%
Max Revenue beat(4)2.64%
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)-2.22%
PT rev (3m)-2.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.2%
EPS NY rev (1m)0%
EPS NY rev (3m)5.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-67.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-47.19%
Valuation
Industry RankSector Rank
PE 27.88
Fwd PE 19.37
P/S 1.26
P/FCF 15.91
P/OCF 7.99
P/B 1.98
P/tB 2.43
EV/EBITDA 8.6
EPS(TTM)0.26
EY3.59%
EPS(NY)0.37
Fwd EY5.16%
FCF(TTM)0.46
FCFY6.29%
OCF(TTM)0.91
OCFY12.52%
SpS5.74
BVpS3.66
TBVpS2.98
PEG (NY)0.82
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -39.05%
ROE -48.08%
ROCE 11.77%
ROIC 9.3%
ROICexc 10.65%
ROICexgc 13.27%
OM 8.02%
PM (TTM) N/A
GM 24.13%
FCFM 7.93%
ROA(3y)-1.35%
ROA(5y)-3.37%
ROE(3y)-2.31%
ROE(5y)-5.17%
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
ROICexgc growth 3YN/A
ROICexgc growth 5Y0.24%
ROICexc growth 3YN/A
ROICexc growth 5Y-0.7%
OM growth 3YN/A
OM growth 5Y-4.51%
PM growth 3YN/A
PM growth 5Y-10.71%
GM growth 3Y67.42%
GM growth 5Y-0.53%
F-Score6
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.35
Debt/EBITDA 0.08
Cap/Depr 131.66%
Cap/Sales 7.86%
Interest Coverage 6.58
Cash Conversion 112.9%
Profit Quality N/A
Current Ratio 2.29
Quick Ratio 2
Altman-Z 6.43
F-Score6
WACC8.86%
ROIC/WACC1.05
Cap/Depr(3y)72.72%
Cap/Depr(5y)69.63%
Cap/Sales(3y)3.64%
Cap/Sales(5y)3.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.21%
EPS 3YN/A
EPS 5Y-3.04%
EPS Q2Q%-100%
EPS Next Y33.9%
EPS Next 2Y11.69%
EPS Next 3Y16.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-38.43%
Revenue growth 3Y15.02%
Revenue growth 5Y-4.56%
Sales Q2Q%-77.73%
Revenue Next Year-63.28%
Revenue Next 2Y-43.4%
Revenue Next 3Y-28.57%
Revenue Next 5YN/A
EBIT growth 1Y-19.82%
EBIT growth 3YN/A
EBIT growth 5Y-8.86%
EBIT Next Year41.61%
EBIT Next 3Y26.34%
EBIT Next 5YN/A
FCF growth 1Y160.47%
FCF growth 3Y20.95%
FCF growth 5Y31.06%
OCF growth 1Y275.22%
OCF growth 3Y21.47%
OCF growth 5Y9.54%