Precision Drilling Stock Fundamentals
| PDS Stock | USD 71.90 0.96 1.35% |
Precision Drilling fundamentals help investors to digest information that contributes to Precision Drilling's financial success or failures. It also enables traders to predict the movement of Precision Stock. The fundamental analysis module provides a way to measure Precision Drilling's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Precision Drilling stock.
At this time, Precision Drilling's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 319.2 M in 2024, whereas Total Revenue is likely to drop slightly above 1.5 B in 2024. Precision | Select Account or Indicator |
Precision Drilling Company Return On Equity Analysis
Precision Drilling's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Precision Drilling Return On Equity | 0.15 |
Most of Precision Drilling's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Precision Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Precision Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Precision Drilling has a Return On Equity of 0.1546. This is 107.81% lower than that of the Energy Equipment & Services sector and 103.03% lower than that of the Energy industry. The return on equity for all United States stocks is 149.87% lower than that of the firm.
Precision Drilling Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Precision Drilling's current stock value. Our valuation model uses many indicators to compare Precision Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Precision Drilling competition to find correlations between indicators driving Precision Drilling's intrinsic value. More Info.Precision Drilling is considered to be number one stock in return on equity category among related companies. It is regarded fourth in return on asset category among related companies reporting about 0.34 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Precision Drilling is roughly 2.95 . At this time, Precision Drilling's Return On Equity is comparatively stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Precision Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Precision Drilling's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Precision Drilling's earnings, one of the primary drivers of an investment's value.Precision Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Precision Drilling's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Precision Drilling could also be used in its relative valuation, which is a method of valuing Precision Drilling by comparing valuation metrics of similar companies.Precision Drilling is currently under evaluation in return on equity category among related companies.
Precision Drilling Current Valuation Drivers
We derive many important indicators used in calculating different scores of Precision Drilling from analyzing Precision Drilling's financial statements. These drivers represent accounts that assess Precision Drilling's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Precision Drilling's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 531.7M | 288.5M | 601.2M | 1.4B | 988.6M | 939.1M | |
| Enterprise Value | 2.0B | 1.5B | 1.7B | 2.5B | 1.9B | 1.8B |
Precision Drilling ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Precision Drilling's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Precision Drilling's managers, analysts, and investors.Environmental | Governance | Social |
Precision Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0524 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 2.02 B | ||||
| Shares Outstanding | 14.48 M | ||||
| Shares Owned By Insiders | 2.00 % | ||||
| Shares Owned By Institutions | 62.76 % | ||||
| Number Of Shares Shorted | 395.16 K | ||||
| Price To Earning | (6.85) X | ||||
| Price To Book | 0.89 X | ||||
| Price To Sales | 0.53 X | ||||
| Revenue | 1.94 B | ||||
| Gross Profit | 492.59 M | ||||
| EBITDA | 611.12 M | ||||
| Net Income | 289.24 M | ||||
| Cash And Equivalents | 51.64 M | ||||
| Cash Per Share | 3.80 X | ||||
| Total Debt | 992.19 M | ||||
| Debt To Equity | 1.02 % | ||||
| Current Ratio | 1.39 X | ||||
| Book Value Per Share | 112.95 X | ||||
| Cash Flow From Operations | 500.57 M | ||||
| Short Ratio | 5.38 X | ||||
| Earnings Per Share | 12.13 X | ||||
| Price To Earnings To Growth | 0.40 X | ||||
| Target Price | 94.46 | ||||
| Number Of Employees | 5 K | ||||
| Beta | 2.9 | ||||
| Market Capitalization | 1.04 B | ||||
| Total Asset | 3.31 B | ||||
| Retained Earnings | (1.01 B) | ||||
| Working Capital | 145.24 M | ||||
| Current Asset | 561.95 M | ||||
| Current Liabilities | 175.5 M | ||||
| Net Asset | 3.31 B |
About Precision Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Precision Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precision Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precision Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 2.7 M | 2.6 M | |
| Total Revenue | 1.9 B | 1.5 B | |
| Cost Of Revenue | 1.5 B | 1.1 B | |
| Stock Based Compensation To Revenue | 0 | 0 | |
| Sales General And Administrative To Revenue | 0.06 | 0.06 | |
| Research And Ddevelopement To Revenue | 0.02 | 0.01 | |
| Capex To Revenue | (0.12) | (0.12) | |
| Revenue Per Share | 140.89 | 132.79 | |
| Ebit Per Revenue | 0.16 | 0.13 |
Pair Trading with Precision Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Precision Stock
| 0.85 | DO | Diamond Offshore Drilling | PairCorr |
| 0.76 | NE | Noble plc | PairCorr |
Moving against Precision Stock
| 0.51 | BORR | Borr Drilling Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Precision Drilling Piotroski F Score and Precision Drilling Altman Z Score analysis. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Precision Stock analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.
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Is Precision Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 12.13 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.