Patterson-UTI Energy Inc

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PTEN : NASDAQ : Basic Materials
$22.61 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 3778300.0
04/25/17 - 4:00 PM ET

Financial Analysis


PATTERSON-UTI ENERGY INC's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. PATTERSON-UTI ENERGY INC has weak liquidity. Currently, the Quick Ratio is 0.70 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 12.19% 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 FY16 Q4 FY15
Net Sales ($mil)246.89338.57
EBITDA ($mil)39.9695.17
EBIT ($mil)-117.26-80.13
Net Income ($mil)-78.12-58.66


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)35.15113.35
Total Assets ($mil)3804.614533.32
Total Debt ($mil)598.44855.0
Equity ($mil)2248.722561.13


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin23.2933.01
EBITDA Margin16.1828.1
Operating Margin-47.5-23.67
Sales Turnover0.240.42
Return on Assets-8.37-6.49
Return on Equity-14.16-11.49
Debt Q4 FY16 Q4 FY15
Current Ratio1.071.58
Debt/Capital0.210.25
Interest Expense8.649.43
Interest Coverage-13.57-8.5


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)148.13147.17
Div / share0.020.1
EPS-0.53-0.4
Book value / share15.1817.4
Institutional Own % n/a n/a
Avg Daily Volume4074076.03407231.0

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. Conducting a second comparison, its price-to-book ratio of 1.48 indicates a significant discount versus the S&P 500 average of 2.99 and a discount versus the industry average of 2.95. The current price-to-sales ratio is well above the S&P 500 average and above 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 557.06   PTEN 10.90 Peers 145.04

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 significant 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 NM Peers 71.16   PTEN NA Peers 0.82

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 1.48 Peers 2.95   PTEN -7.96 Peers -36.50

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 3.63 Peers 3.14   PTEN -51.58 Peers -30.38

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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