PATTERSON-UTI ENERGY INC (PTEN)
US7034811015 - Common Stock
Taking everything into account, PTEN scores 3 out of 10 in our fundamental rating. PTEN was compared to 59 industry peers in the Energy Equipment & Services industry. PTEN may be in some trouble as it scores bad on both profitability and health. PTEN is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PTEN had positive earnings in the past year.
PTEN had a positive operating cash flow in the past year.
In multiple years PTEN reported negative net income over the last 5 years.
In the past 5 years PTEN always reported a positive cash flow from operatings.
1.2 Ratios
PTEN's Return On Assets of -14.33% is on the low side compared to the rest of the industry. PTEN is outperformed by 91.53% of its industry peers.
PTEN has a Return On Equity of -23.99%. This is amonst the worse of the industry: PTEN underperforms 86.44% of its industry peers.
PTEN's Return On Invested Capital of 3.17% is on the low side compared to the rest of the industry. PTEN is outperformed by 77.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -14.33% | ||
| ROE | -23.99% | ||
| ROIC | 3.17% |
ROA(3y)-4.63%
ROA(5y)-9.57%
ROE(3y)-8.75%
ROE(5y)-16.23%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PTEN has a worse Operating Margin (3.24%) than 81.36% of its industry peers.
PTEN has a Gross Margin (27.94%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PTEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.24% | ||
| PM (TTM) | N/A | ||
| GM | 27.94% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y2.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PTEN is destroying value.
The number of shares outstanding for PTEN has been increased compared to 1 year ago.
PTEN has more shares outstanding than it did 5 years ago.
PTEN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.69, we must say that PTEN is in the distress zone and has some risk of bankruptcy.
PTEN has a worse Altman-Z score (1.69) than 61.02% of its industry peers.
The Debt to FCF ratio of PTEN is 2.22, which is a good value as it means it would take PTEN, 2.22 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PTEN (2.22) is better than 67.80% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that PTEN is not too dependend on debt financing.
PTEN's Debt to Equity ratio of 0.35 is in line compared to the rest of the industry. PTEN outperforms 50.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.41
WACC7.65%
2.3 Liquidity
PTEN has a Current Ratio of 1.52. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.52, PTEN is doing worse than 69.49% of the companies in the same industry.
PTEN has a Quick Ratio of 1.32. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.32, PTEN is not doing good in the industry: 64.41% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
PTEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -79.62%.
The Revenue has grown by 73.10% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 4.50% on average over the past years.
EPS 1Y (TTM)-79.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105%
Revenue 1Y (TTM)73.1%
Revenue growth 3Y54.51%
Revenue growth 5Y4.5%
Sales Q2Q%34.19%
3.2 Future
PTEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.95% yearly.
Based on estimates for the next years, PTEN will show a quite strong growth in Revenue. The Revenue will grow by 10.37% on average per year.
EPS Next Y-204.19%
EPS Next 2Y-44.12%
EPS Next 3Y-36.67%
EPS Next 5Y-3.95%
Revenue Next Year33.73%
Revenue Next 2Y13.14%
Revenue Next 3Y10.36%
Revenue Next 5Y10.37%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.02 indicates a rather expensive valuation of PTEN.
PTEN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.54, PTEN is valued at the same level.
The Forward Price/Earnings Ratio is negative for PTEN. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.02 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PTEN is valued cheaper than 93.22% of the companies in the same industry.
PTEN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PTEN is cheaper than 89.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.27 | ||
| EV/EBITDA | 2.99 |
4.3 Compensation for Growth
PTEN's earnings are expected to decrease with -36.67% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-44.12%
EPS Next 3Y-36.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.39%, PTEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.70, PTEN pays a better dividend. On top of this PTEN pays more dividend than 89.83% of the companies listed in the same industry.
PTEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
5.2 History
On average, the dividend of PTEN grows each year by 17.94%, which is quite nice.
PTEN has paid a dividend for at least 10 years, which is a reliable track record.
PTEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)17.94%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
The earnings of PTEN are negative and hence is the payout ratio. PTEN will probably not be able to sustain this dividend level.
DP-15.09%
EPS Next 2Y-44.12%
EPS Next 3Y-36.67%
PATTERSON-UTI ENERGY INC
NASDAQ:PTEN (12/26/2024, 10:32:05 AM)
7.685
+0 (+0.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners102.33%
Inst Owner Change-2.25%
Ins Owners2.36%
Ins Owner Change-0.58%
Market Cap3.00B
Analysts80
Price Target10.93 (42.23%)
Short Float %6.77%
Short Ratio3.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.39% |
Dividend Growth(5Y)17.94%
DP-15.09%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-107.61%
Min EPS beat(2)-135.25%
Max EPS beat(2)-79.97%
EPS beat(4)1
Avg EPS beat(4)-54.72%
Min EPS beat(4)-135.25%
Max EPS beat(4)17.12%
EPS beat(8)4
Avg EPS beat(8)-25.72%
EPS beat(12)7
Avg EPS beat(12)19.71%
EPS beat(16)10
Avg EPS beat(16)15.59%
Revenue beat(2)1
Avg Revenue beat(2)-3.25%
Min Revenue beat(2)-6.89%
Max Revenue beat(2)0.39%
Revenue beat(4)2
Avg Revenue beat(4)-1.43%
Min Revenue beat(4)-6.89%
Max Revenue beat(4)3.08%
Revenue beat(8)5
Avg Revenue beat(8)0.65%
Revenue beat(12)8
Avg Revenue beat(12)1.77%
Revenue beat(16)8
Avg Revenue beat(16)1.01%
PT rev (1m)-11.17%
PT rev (3m)-20.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-163.25%
EPS NY rev (1m)-1.78%
EPS NY rev (3m)-569.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.06%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)-2.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.02 | ||
| Fwd PE | N/A | ||
| P/S | 0.52 | ||
| P/FCF | 5.27 | ||
| P/OCF | 2.28 | ||
| P/B | 0.84 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 2.99 |
EPS(TTM)0.32
EY4.16%
EPS(NY)-0.1
Fwd EYN/A
FCF(TTM)1.46
FCFY18.99%
OCF(TTM)3.37
OCFY43.79%
SpS14.87
BVpS9.13
TBVpS5.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -14.33% | ||
| ROE | -23.99% | ||
| ROCE | 3.68% | ||
| ROIC | 3.17% | ||
| ROICexc | 3.25% | ||
| ROICexgc | 4.58% | ||
| OM | 3.24% | ||
| PM (TTM) | N/A | ||
| GM | 27.94% | ||
| FCFM | 9.81% |
ROA(3y)-4.63%
ROA(5y)-9.57%
ROE(3y)-8.75%
ROE(5y)-16.23%
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 3Y3.95%
GM growth 5Y2.99%
F-Score5
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.22 | ||
| Debt/EBITDA | 0.89 | ||
| Cap/Depr | 62.15% | ||
| Cap/Sales | 12.82% | ||
| Interest Coverage | 3.43 | ||
| Cash Conversion | 94.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 1.69 |
F-Score5
WACC7.65%
ROIC/WACC0.41
Cap/Depr(3y)64.68%
Cap/Depr(5y)50.07%
Cap/Sales(3y)14.53%
Cap/Sales(5y)14.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-79.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105%
EPS Next Y-204.19%
EPS Next 2Y-44.12%
EPS Next 3Y-36.67%
EPS Next 5Y-3.95%
Revenue 1Y (TTM)73.1%
Revenue growth 3Y54.51%
Revenue growth 5Y4.5%
Sales Q2Q%34.19%
Revenue Next Year33.73%
Revenue Next 2Y13.14%
Revenue Next 3Y10.36%
Revenue Next 5Y10.37%
EBIT growth 1Y-56.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year186.37%
EBIT Next 3Y39.62%
EBIT Next 5Y27.86%
FCF growth 1Y761.62%
FCF growth 3Y43.02%
FCF growth 5Y34.34%
OCF growth 1Y327.33%
OCF growth 3Y53.36%
OCF growth 5Y6.6%