회사 개요
WaterBridge Infrastructure LLC (WBI) is a specialized provider of water management solutions that operates integrated pipeline and water handling networks throughout the United States. The company focuses on delivering produced water handling and gathering pipeline services, alongside solutions for brackish, recycled, and produced water streams to support energy infrastructure needs. Operating within the Energy sector, specifically in the Oil & Gas Equipment & Services industry, the firm addresses the critical logistical requirements of water transport in hydrocarbon extraction and processing operations. With a market capitalization of $1.20B, annual revenue of $525.55M, and an employee base of 540, the company demonstrates significant operational scale within the niche water services market. These valuation and revenue figures indicate that WaterBridge has established a substantial market presence, positioning it as a key player capable of managing large-scale infrastructure projects and securing long-term service contracts with energy producers.
재무 건전성
The company reported a revenue of $525.55M for the trailing twelve months, yet recorded a net income of $-4,537,000, revealing a significant gap between top-line growth and bottom-line profitability driven by high operating costs or non-operating expenses. This negative net income contrasts with an EBITDA of $233.57M, suggesting that while the core business generates substantial cash flow from operations, significant financing costs or other deductions are impacting the reported net earnings. Free cash flow stands at $-116,018,248, indicating a period of substantial capital expenditure or working capital investment that limits current financial flexibility and liquidity for share buybacks or internal expansion. Profitability analysis shows a gross margin of 53.9%, an operating margin of 10.7%, and a negative profit margin of -0.9%, highlighting that while the cost of goods sold is well-controlled, overall expenses erade operating profits before interest and taxes. The balance sheet shows a cash position of $51.54M against total debt of $1.44B, resulting in a debt-to-equity ratio of 78.18, which signifies a highly leveraged financial structure reliant on debt financing. The current ratio of 1.38 suggests the company holds sufficient current assets to cover short-term liabilities, providing a moderate buffer against immediate liquidity pressures. Return on Equity is recorded at -1.3% and Return on Assets at 2.2%, indicating that management has not yet achieved positive returns on shareholder capital, likely due to the recent net losses and high leverage levels affecting equity value.
밸류에이션 평가
Valuation metrics for WaterBridge show a P/E Ratio (TTM) of N/A due to negative earnings, while the Forward P/E is 42.20, implying that the market prices the stock based on anticipated future profitability rather than current performance. The price-to-book ratio stands at 1.84, suggesting that the market values the company at a premium of 84% above its tangible book value, reflecting investor confidence in the value of its infrastructure assets and future growth potential. Alternative valuation metrics include a price-to-sales ratio of 2.29 and an EV/EBITDA of 16.04, which provide a clearer picture of the company's valuation relative to its revenue generation and enterprise cash flow despite current earnings deficits. The stock price has traded within a 52-week range between a high of $28.97 and a low of $18.64, with the current valuation sitting within this historical band and reflecting recent market volatility. Although the Beta is listed as N/A, the high forward P/E suggests the stock is priced with growth expectations that are sensitive to interest rate changes and sector-specific demand fluctuations.
Growth & Income
Revenue growth for the trailing twelve months reached an impressive 139.5% year-over-year, while earnings growth is N/A due to the reported net loss, indicating that top-line expansion has not yet translated into proportional bottom-line gains. As a non-dividend payer, the company maintains a dividend yield of 0.2% and a payout ratio of 0.0%, meaning it currently reinvests all earnings and cash flow into business operations rather than distributing returns to shareholders. The absence of a sustainable dividend payout aligns with the company's high debt load and negative net income, prioritizing capital allocation for debt servicing and infrastructure development over shareholder distributions. Overall, the growth and income profile is characterized by aggressive revenue expansion and a zero-dividend strategy that sacrifices immediate income for potential long-term operational scaling and market share consolidation.