Visão geral da empresa
A Cactus, Inc., tickered as WHD, is a specialized provider within the Energy sector, specifically focusing on the Oil & Gas Equipment & Services industry, where it designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies to clients across the United States, Australia, Canada, the Middle East, and international markets. The corporation operates through two primary segments dedicated to Pressure Control and Spoolable Technologies, delivering critical infrastructure solutions to the upstream oil and gas exploration and production phases. This entity maintains a substantial operational footprint employing approximately 1500 individuals to support its global manufacturing and service delivery networks. With a market capitalization of $3.66B and annualized revenue reaching $1.08B, the company's scale positions it as a mid-to-large-cap player capable of sustaining significant fixed cost structures and R&D investments. The magnitude of these financial figures suggests that WHD commands a significant market share in its niche, allowing it to leverage economies of scale despite the cyclical nature of the energy equipment sector.
Saúde financeira
Cactus, Inc. reported total revenue of $1.08B over the trailing twelve months, generating a net income of $166.01M and an EBITDA of $330.42M, indicating a robust top-line operation with strong earnings before interest, taxes, depreciation, and amortization. The substantial gap between the $1.08B revenue and the $166.01M net income reveals a significant cost structure composed of operating expenses, depreciation, and interest charges that consume roughly 84.6% of gross revenue before reaching the bottom line. However, the company's financial flexibility is currently constrained by negative free cash flow of $-194,739,008, which indicates that capital expenditures and working capital requirements are outpacing operating cash generation in the current reporting period. Despite this cash burn, the balance sheet presents a conservative profile with total cash holdings of $123.57M against total debt of $37.75M, supported by a debt-to-equity ratio of 2.63 that suggests a moderate level of leverage relative to equity. Liquidity is exceptionally strong, evidenced by a current ratio of 5.81, which implies the company possesses more than five times the current assets necessary to cover its short-term liabilities without distress. Management effectiveness is highlighted by a Return on Equity of 15.0% and a Return on Assets of 8.7%, metrics that demonstrate efficient utilization of shareholder capital and asset base to generate profits. The gross margin stands at 37.0%, the operating margin at 22.9%, and the profit margin at 15.4%, reflecting a healthy ability to control costs and convert sales into net earnings within the capital-intensive oil and gas equipment space.
Avaliação de valorização
The trailing twelve-month P/E ratio is 21.87, while the forward P/E is projected at 15.71, a divergence that implies the market anticipates a significant contraction in earnings or a re-rating of the stock price to lower multiples in the coming year. The price-to-book ratio of 2.96 indicates that the stock trades at nearly three times its net asset value, suggesting that investors are paying a premium for the company's intangible assets, brand equity, and future growth potential beyond its book value. Alternative valuation metrics such as the price-to-sales ratio of 3.39 and the EV/EBITDA of 11.36 provide context on revenue generation relative to market value and enterprise valuation relative to cash earnings, respectively, showing a premium valuation relative to many industrial peers. The stock's price volatility is contextualized by its 52-week trading range, which spans from a low of $33.20 to a high of $59.25, meaning the current price sits at a level that reflects recent market sentiment fluctuations within this defined band. The beta value of 1.32 signifies that the stock exhibits higher volatility than the broader market, moving 32% more aggressively than the benchmark index during periods of market stress or rally.
Growth & Income
Revenue growth declined by 4.0% year over year, while earnings growth contracted by 15.4%, indicating that profitability deteriorated at a faster rate than revenue, likely due to margin compression or increased cost of goods sold. The company maintains a dividend yield of 1.1% with a payout ratio of 22.4%, suggesting a conservative approach to dividend distribution that is highly sustainable given the current earnings levels and cash flow dynamics. Although the negative free cash flow presents a challenge, the low payout ratio allows management to retain earnings for operational needs and potential future investments rather than committing to high dividend growth. The overall growth and income profile characterizes Cactus, Inc. as a cyclical stock offering modest income support with significant earnings volatility tied to the upstream energy cycle and commodity price fluctuations.