Independence Contract Drilling, Inc.Find Ratings Reports
INDEPENDENCE CONTRACT DRLLNG's gross profit margin for the fourth quarter of its fiscal year 2020 has significantly decreased 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 subsector. INDEPENDENCE CONTRACT DRLLNG has weak liquidity. Currently, the Quick Ratio is 1.00 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 25.50% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||13.32||45.29|
|Net Income ($mil)||-43.1||-35.01|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||12.28||5.21|
|Total Assets ($mil)||413.21||517.0|
|Total Debt ($mil)||147.96||140.35|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||7.05||25.19|
|Return on Assets||-23.38||-11.75|
|Return on Equity||-39.12||-18.33|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||6.18||3.81|
|Div / share||0.0||0.0|
|Book value / share||40.0||86.99|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||247894.0||310249.0|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.08 indicates a significant discount versus the S&P 500 average of 4.42 and a significant discount versus the subsector average of 2.47. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, INDEPENDENCE CONTRACT DRLLNG proves to trade at a discount to investment alternatives.
|ICD NM||Peers 72.91||ICD 71.01||Peers 14.16|
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.
ICD's P/E is negative making this valuation measure meaningless.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
ICD is trading at a significant premium to its peers.
|ICD 1.36||Peers 29.69||ICD NA||Peers 0.54|
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.
ICD'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.
|ICD 0.08||Peers 2.47||ICD -21.85||Peers 50.14|
Discount. 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.
ICD is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, ICD is expected to significantly trail its peers on the basis of its earnings growth rate.
|ICD 0.24||Peers 1.90||ICD -59.03||Peers -27.83|
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.
ICD is trading at a significant discount to its subsector on this measurement.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
ICD significantly trails its peers on the basis of sales growth.