Patterson-UTI Energy Inc

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PTEN : NASDAQ : Basic Materials
$20.23 -0.24 | -1.20%
Today's Range: 20.20 - 20.90
Avg. Daily Volume: 3,721,600
08/30/16 - 11:36 AM ET

Financial Analysis


PATTERSON-UTI ENERGY INC's gross profit margin for the second quarter of its fiscal year 2016 has 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 average liquidity. Currently, the Quick Ratio is 1.28 which shows that technically this company has the ability to cover 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 decreased by 16.25% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)193.91472.76
EBITDA ($mil)41.82154.16
EBIT ($mil)-129.15-27.76
Net Income ($mil)-85.87-18.98


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)209.6376.51
Total Assets ($mil)4211.475049.53
Total Debt ($mil)826.89872.5
Equity ($mil)2401.832868.01


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin30.3836.67
EBITDA Margin21.5632.6
Operating Margin-66.61-5.87
Sales Turnover0.290.57
Return on Assets-10.471.26
Return on Equity-18.362.22
Debt Q2 FY16 Q2 FY15
Current Ratio1.561.15
Debt/Capital0.260.23
Interest Expense10.689.25
Interest Coverage-12.1-3.0


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)147.74147.2
Div / share0.020.1
EPS-0.58-0.13
Book value / share16.2619.48
Institutional Own % n/a n/a
Avg Daily Volume3711002.04132672.0

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. For additional comparison, its price-to-book ratio of 1.28 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 2.80. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. After reviewing these and other key valuation criteria, PATTERSON-UTI ENERGY INC proves to trade at a discount 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 29.15   PTEN 5.65 Peers 12.19

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 84.24   PTEN NA Peers 0.09

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 1.28 Peers 2.80   PTEN -797.67 Peers -338.18

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.

 

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 2.51 Peers 2.74   PTEN -57.48 Peers -35.93

Average. 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 valuation on par with 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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