회사 개요
Liberty Energy Inc. operates as an integrated energy services and technology provider that delivers hydraulic fracturing services alongside related technologies to onshore oil, natural gas, and enhanced geothermal exploration and production companies across North America. The firm functions within the Energy sector, specifically the Oil & Gas Equipment & Services industry, positioning it as a critical supplier of upstream support solutions. Liberty Energy Inc. maintains a substantial operational scale with a total market capitalization of $4.41B and an annual revenue of $4.01B over the trailing twelve months, supported by a workforce of 5,800 employees. These financial figures indicate that the company is a significant player in the North American energy services landscape, holding a valuation that reflects its established role in facilitating resource extraction and production efficiency for major operators.
재무 건전성
The company generated $4.01B in revenue while recording a net income of $147.87M and an EBITDA of $600.77M during the trailing twelve-month period. The substantial disparity between the $4.01B revenue and the $147.87M net income highlights a complex cost structure where operating expenses and taxes consume a significant portion of top-line earnings, resulting in a net profit margin of only 3.7%. The free cash flow stands at -$10,179,875, which suggests that current capital expenditures and working capital requirements are outpacing cash generation, thereby limiting immediate financial flexibility for debt reduction or aggressive share buybacks. Margin analysis reveals a gross margin of 20.9%, indicating moderate pricing power or cost control on direct production costs, while an operating margin of 2.8% points to high overhead burdens or intense industry competition affecting operational efficiency. On the liquidity front, total cash holdings of $27.55M are far outweighed by total debt of $618.29M, creating a leverage environment characterized by a debt-to-equity ratio of 29.74 that implies a highly leveraged balance sheet rather than a conservative one. Short-term liquidity is assessed via a current ratio of 1.22, indicating that current assets slightly exceed current liabilities, though the narrow buffer requires careful management of working capital to meet obligations. Return metrics show a return on equity of 7.3% and a return on assets of 1.8%, suggesting that while shareholder returns are positive, asset utilization efficiency remains low relative to the capital base employed.
밸류에이션 평가
Valuation metrics present a mixed picture, with a trailing P/E ratio of 30.56 contrasting sharply against a forward P/E of -116.54. This divergence implies that expected earnings are currently negative or projected to decline significantly in the near term, leading to a forward multiple that lacks traditional comparability with profitable peers. The price-to-book ratio is calculated at 2.12, indicating that the market values the company at more than double its net asset book value, which may reflect intangible assets, brand value, or investor expectations of future service demand. Alternative valuation multiples such as the price-to-sales ratio of 1.10 and an EV/EBITDA of 8.32 provide context on how revenue and cash earnings are being priced relative to enterprise value. Price action shows a 52-week high of $32.40 and a 52-week low of $9.50, with the current trading price situated well below the recent peak but significantly above the yearly floor, reflecting recent market volatility. The stock exhibits a beta of 0.49, which indicates that the stock price volatility is roughly half that of the broader market, suggesting lower sensitivity to general market fluctuations compared to large-cap peers.
Growth & Income
Growth dynamics are characterized by a revenue increase of 10.1% year-over-year, while earnings growth has contracted sharply by -74.6% year-over-year. This decoupling implies that top-line demand for services is expanding, but profitability is under severe pressure, likely due to the aforementioned cash flow deficit and high operating costs. Liberty Energy Inc. pays a dividend with a yield of 1.2% and maintains a payout ratio of 37.1%, which indicates that the company distributes a portion of earnings despite the recent earnings decline, though the sustainability of this payout depends on the stabilization of net income figures. The overall growth and income profile presents a scenario of expanding revenue streams that are not yet translating into proportional earnings growth, while the dividend provides a modest income stream that must be monitored closely against the backdrop of negative free cash flow.