Patterson-UTI Energy Inc

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PTEN : NASDAQ : Basic Materials
$20.02 up 0.09 | 0.45%
Today's Range: 19.84 - 20.38
Avg. Daily Volume: 4827700.0
06/28/17 - 4:14 PM ET

Financial Analysis


PATTERSON-UTI ENERGY INC's gross profit margin for the first quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. PATTERSON-UTI ENERGY INC is extremely liquid. Currently, the Quick Ratio is 2.31 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 6.91% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)305.18268.94
EBITDA ($mil)55.8380.17
EBIT ($mil)-100.39-96.6
Net Income ($mil)-63.54-70.5


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)466.61186.56
Total Assets ($mil)4178.624398.17
Total Debt ($mil)598.52841.53
Equity ($mil)2661.612489.48


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin24.4736.49
EBITDA Margin18.2929.8
Operating Margin-32.89-35.92
Sales Turnover0.230.34
Return on Assets-7.45-8.5
Return on Equity-11.7-15.02
Debt Q1 FY17 Q1 FY16
Current Ratio2.481.58
Debt/Capital0.180.25
Interest Expense8.2710.8
Interest Coverage-12.14-8.94


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)166.33147.17
Div / share0.020.1
EPS-0.4-0.48
Book value / share16.016.92
Institutional Own % n/a n/a
Avg Daily Volume4791154.03845590.0

Valuation


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. Conducting a second comparison, its price-to-book ratio of 1.22 indicates a significant discount versus the S&P 500 average of 3.09 and a discount versus the industry average of 2.56. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, PATTERSON-UTI ENERGY INC seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PTEN NM Peers 85.84   PTEN 14.79 Peers 19.24

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.

 

Discount. 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.

PTEN is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PTEN 3904.00 Peers 67.12   PTEN NA Peers 0.26

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 1.22 Peers 2.56   PTEN 18.04 Peers -69.44

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.

PTEN is trading at a significant discount to its peers.

 

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

PTEN is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PTEN 3.41 Peers 2.74   PTEN -36.64 Peers -21.27

Premium. 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 premium 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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