6.21 USD
-0.14 (-2.2%)
6.29 USD
+0.08 (+1.29%)
We assign a fundamental rating of 3 out of 10 to PTEN. PTEN was compared to 60 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of PTEN have multiple concerns. PTEN is valued expensive and it does not seem to be growing. Finally PTEN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PTEN had negative 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.
PTEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -2.46%, PTEN is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -4.19%, PTEN is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.46% | ||
| ROE | -4.19% | ||
| ROIC | N/A |
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Gross Margin, with a value of 24.67%, PTEN is in line with its industry, outperforming 53.33% of the companies in the same industry.
PTEN's Gross Margin has been stable in the last couple of years.
PTEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.67% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.18%
GM growth 5Y-0.79%
2. Health
2.1 Basic Checks
PTEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PTEN has been reduced compared to 1 year ago.
PTEN has more shares outstanding than it did 5 years ago.
PTEN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.25, we must say that PTEN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of PTEN (1.25) is worse than 70.00% of its industry peers.
PTEN has a debt to FCF ratio of 4.30. This is a neutral value as PTEN would need 4.30 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.30, PTEN perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
PTEN has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PTEN (0.38) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.3 | ||
| Altman-Z | 1.25 |
ROIC/WACCN/A
WACC8.39%
2.3 Liquidity
PTEN has a Current Ratio of 1.64. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
PTEN has a worse Current ratio (1.64) than 65.00% of its industry peers.
PTEN has a Quick Ratio of 1.44. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
PTEN has a Quick ratio of 1.44. This is comparable to the rest of the industry: PTEN outperforms 48.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
PTEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -212.50%.
PTEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.59%.
PTEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.83% yearly.
EPS 1Y (TTM)-212.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-900%
Revenue 1Y (TTM)-16.59%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-13.36%
3.2 Future
Based on estimates for the next years, PTEN will show a very strong growth in Earnings Per Share. The EPS will grow by 94.44% on average per year.
The Revenue is expected to grow by 5.95% on average over the next years.
EPS Next Y-922.27%
EPS Next 2Y-237.59%
EPS Next 3Y-62.83%
EPS Next 5Y94.44%
Revenue Next Year-12.39%
Revenue Next 2Y-8.99%
Revenue Next 3Y-4.42%
Revenue Next 5Y5.95%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for PTEN. In the last year negative earnings were reported.
Also next year PTEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PTEN is valued cheaper than 95.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PTEN is valued cheaply inside the industry as 88.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.16 | ||
| EV/EBITDA | 3.76 |
4.3 Compensation for Growth
PTEN's earnings are expected to decrease with -62.83% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-237.59%
EPS Next 3Y-62.83%
5. Dividend
5.1 Amount
PTEN has a Yearly Dividend Yield of 5.04%, which is a nice return.
PTEN's Dividend Yield is rather good when compared to the industry average which is at 1.28. PTEN pays more dividend than 95.00% of the companies in the same industry.
PTEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
5.2 History
On average, the dividend of PTEN grows each year by 14.73%, which is quite nice.
PTEN has been paying a dividend for at least 10 years, so it has a reliable track record.
PTEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)14.73%
Div Incr Years0
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.
PTEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-90.59%
EPS Next 2Y-237.59%
EPS Next 3Y-62.83%
6.21
-0.14 (-2.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners104.37%
Inst Owner Change-2.59%
Ins Owners2.48%
Ins Owner Change0%
Market Cap2.36B
Revenue(TTM)4.84B
Net Income(TTM)-136.12M
Analysts73.64
Price Target7.4 (19.16%)
Short Float %8.49%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
Yearly Dividend0.32
Dividend Growth(5Y)14.73%
DP-90.59%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-93.92%
Min EPS beat(2)-186.86%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)-27.54%
Min EPS beat(4)-186.86%
Max EPS beat(4)100%
EPS beat(8)2
Avg EPS beat(8)-41.13%
EPS beat(12)5
Avg EPS beat(12)-26.32%
EPS beat(16)8
Avg EPS beat(16)7.89%
Revenue beat(2)0
Avg Revenue beat(2)-1.99%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)-1.92%
Revenue beat(4)1
Avg Revenue beat(4)-1.68%
Min Revenue beat(4)-8.57%
Max Revenue beat(4)5.83%
Revenue beat(8)3
Avg Revenue beat(8)-1.56%
Revenue beat(12)6
Avg Revenue beat(12)-0.13%
Revenue beat(16)9
Avg Revenue beat(16)0.9%
PT rev (1m)1.07%
PT rev (3m)-2.87%
EPS NQ rev (1m)1.24%
EPS NQ rev (3m)8.83%
EPS NY rev (1m)0.67%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.41%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.49 | ||
| P/FCF | 8.16 | ||
| P/OCF | 2.68 | ||
| P/B | 0.72 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 3.76 |
EPS(TTM)-0.36
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)0.76
FCFY12.26%
OCF(TTM)2.32
OCFY37.35%
SpS12.76
BVpS8.57
TBVpS5.06
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.46% | ||
| ROE | -4.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.67% | ||
| FCFM | 5.97% |
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
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)5.12%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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 3Y10.18%
GM growth 5Y-0.79%
F-Score5
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.3 | ||
| Debt/EBITDA | 1.35 | ||
| Cap/Depr | 60.67% | ||
| Cap/Sales | 12.21% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 97.03% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 1.25 |
F-Score5
WACC8.39%
ROIC/WACCN/A
Cap/Depr(3y)77.44%
Cap/Depr(5y)54.72%
Cap/Sales(3y)14.65%
Cap/Sales(5y)13.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-212.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-900%
EPS Next Y-922.27%
EPS Next 2Y-237.59%
EPS Next 3Y-62.83%
EPS Next 5Y94.44%
Revenue 1Y (TTM)-16.59%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-13.36%
Revenue Next Year-12.39%
Revenue Next 2Y-8.99%
Revenue Next 3Y-4.42%
Revenue Next 5Y5.95%
EBIT growth 1Y-135.87%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year473.51%
EBIT Next 3Y77.91%
EBIT Next 5Y55.6%
FCF growth 1Y-11.64%
FCF growth 3YN/A
FCF growth 5Y7.35%
OCF growth 1Y2.71%
OCF growth 3Y130.89%
OCF growth 5Y11.05%
PATTERSON-UTI ENERGY INC / PTEN FAQ
What is the fundamental rating for PTEN stock?
ChartMill assigns a fundamental rating of 3 / 10 to PTEN.
What is the valuation status for PTEN stock?
ChartMill assigns a valuation rating of 2 / 10 to PATTERSON-UTI ENERGY INC (PTEN). This can be considered as Overvalued.
What is the profitability of PTEN stock?
PATTERSON-UTI ENERGY INC (PTEN) has a profitability rating of 2 / 10.
What is the expected EPS growth for PATTERSON-UTI ENERGY INC (PTEN) stock?
The Earnings per Share (EPS) of PATTERSON-UTI ENERGY INC (PTEN) is expected to decline by -922.27% in the next year.
How sustainable is the dividend of PATTERSON-UTI ENERGY INC (PTEN) stock?
The dividend rating of PATTERSON-UTI ENERGY INC (PTEN) is 7 / 10 and the dividend payout ratio is -90.59%.