Bedrijfsoverzicht
National Energy Services Reunited Corp. operates as a provider of specialized oilfield services, focusing primarily on the Middle East and North Africa regions. The entity's core operational scope includes hydraulic fracturing services as well as a comprehensive suite of coiled tubing operations such as nitrogen lifting, fishing, milling, clean-out, and scale removal for various well applications. This organization is situated within the broader Energy sector, specifically classified under the Oil & Gas Equipment & Services industry, where it delivers critical infrastructure support to energy extraction projects. The company demonstrates a significant market presence with a market capitalization of $2.32 billion and generates annual revenue totaling $1.32 billion, supported by a workforce of 7,352 employees. These valuation and revenue figures indicate that National Energy Services Reunited Corp. holds a substantial position within the regional oil and gas services landscape, reflecting a large-scale operation capable of supporting major energy production initiatives across its operational territories.
Financiële gezondheid
The company reports a trailing twelve-month revenue of $1.32 billion, with a corresponding net income of $51.13 million and an EBITDA of $240.05 million. The substantial disparity between the $1.32 billion in revenue and the $51.13 million in net income highlights a cost structure where operating expenses, including cost of goods sold and administrative costs, consume approximately 96.1% of total revenue before interest and taxes. Free cash flow stands at $91.10 million, which provides the organization with essential financial flexibility to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without relying solely on external financing. The gross margin is recorded at 12.4%, indicating that for every dollar of revenue generated, the company retains roughly 12.4 cents after direct production costs. The operating margin of 7.7% further illustrates the efficiency of overhead management relative to gross profits, while the profit margin of 3.9% reflects the final portion of revenue available to shareholders after all expenses. In terms of liquidity and leverage, the company holds $124.80 million in cash against total debt of $335.65 million, resulting in a debt-to-equity ratio of 34.68%, which suggests a moderately leveraged balance sheet typical for capital-intensive service sectors. The current ratio of 1.04 indicates that current assets slightly exceed current liabilities, signaling a tight but functional short-term liquidity position that requires careful working capital management. Return on equity is calculated at 5.5% and return on assets at 3.4%, metrics that reveal the efficiency with which management utilizes shareholder capital and total assets to generate profits, respectively.
Waarderingsbeoordeling
The trailing twelve-month price-to-earnings ratio is 46.00, whereas the forward price-to-earnings ratio is significantly lower at 9.37. This stark difference between the TTM and forward P/E ratios implies that the market anticipates a substantial improvement in future earnings performance, potentially driven by expected operational improvements or cost reductions that are not yet reflected in current trailing figures. The price-to-book ratio stands at 2.39, suggesting that the market values the company at a premium of over double its net asset book value, which may reflect intangible assets, brand value, or growth expectations not captured on the balance sheet. Alternative valuation metrics provide additional context, with a price-to-sales ratio of 1.75 and an enterprise value-to-EBITDA of 10.54, indicating that the stock is priced at a moderate multiple relative to its sales volume and earnings power. Price momentum is evident within the 52-week trading range, which spans from a low of $5.47 to a high of $26.85, and the current trading price sits significantly below the 52-week high, reflecting recent market fluctuations or sector-specific headwinds. The stock exhibits a beta of 0.29, which indicates that the share price is approximately 71% less volatile than the broader market, suggesting a defensive characteristic relative to the typically high-volatility energy sector.
Growth & Income
Revenue growth year-over-year is reported at 15.9%, while earnings growth year-over-year stands at -72.3%, indicating that earnings are contracting at a much faster rate than revenue expansion. This divergence suggests that while top-line sales are increasing, profitability is being eroded by rising costs, margin compression, or one-time expenses that disproportionately impact the bottom line compared to the top line. Regarding income distribution, the company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%. Consequently, the company retains all of its net income, utilizing these funds to reinvest into operational growth, reduce debt, or enhance infrastructure rather than distributing cash to shareholders. The overall growth and income profile characterizes National Energy Services Reunited Corp. as a high-revenue-growth entity currently facing significant earnings headwinds, with no reliance on dividend income for investors seeking yield.