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Patterson-UTI Energy Inc
PTEN : NASDAQ : Basic Materials
$17.79 up0.34 | 1.90%
Today's Range: 17.24 - 18.01
Avg. Daily Volume: 4,551,000
05/06/16 - 1:23 PM ET

Financial Analysis


PATTERSON-UTI ENERGY INC's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income fell significantly, but still managed to outperform when compared to the average company in its industry.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)268.94657.7
EBITDA ($mil)80.17208.83
EBIT ($mil)-96.633.45
Net Income ($mil)-70.59.13


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)0.086.92
Total Assets ($mil)0.05230.91
Total Debt ($mil)764.56880.0
Equity ($mil)0.02898.54


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin36.4934.87
EBITDA Margin29.831.75
Operating Margin-35.925.09
Sales Turnover0.00.6
Return on Assets0.02.61
Return on Equity0.04.72
Debt Q1 FY16 Q1 FY15
Current Ratio1.581.23
Debt/Capital0.00.23
Interest Expense10.88.54
Interest Coverage-8.943.92


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)147.17146.45
Div / share0.10.1
EPS-0.480.06
Book value / share0.019.79
Institutional Own % n/a n/a
Avg Daily Volume4727936.05054604.0

Valuation


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. The current price-to-sales ratio is similar to the S&P 500 average, but it is below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PTEN NM Peers 53.94   PTEN NA Peers 10.89

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

PTEN's P/E is negative making this valuation measure meaningless.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PTEN NM Peers 114.69   PTEN NA Peers 0.13

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

PTEN's ratio is negative making this valuation measure meaningless.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PTEN NA Peers 1.97   PTEN -374.19 Peers -128.48

Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

Ratio not available.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, PTEN is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PTEN 1.88 Peers 2.35   PTEN -52.48 Peers -31.84

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

PTEN is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

PTEN significantly trails its peers on the basis of sales growth

 

 

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