Independence Contract Drilling, Inc. (ICD)

NYSE: ICD · IEX Real-Time Price · USD
1.920
-0.040 (-2.04%)
Mar 27, 2024, 4:00 PM EDT - Market closed

Total Valuation

ICD has a market cap or net worth of $31.30 million. The enterprise value is $181.51 million.

Market Cap 31.30M
Enterprise Value 181.51M

Important Dates

The next estimated earnings date is Tuesday, May 7, 2024, before market open.

Earnings Date May 7, 2024
Ex-Dividend Date n/a

Share Statistics

ICD has 15.27 million shares outstanding. The number of shares has increased by 7.57% in one year.

Shares Outstanding 15.27M
Shares Change (YoY) +7.57%
Shares Change (QoQ) +0.01%
Owned by Insiders (%) 12.80%
Owned by Institutions (%) 38.53%
Float 11.34M

Valuation Ratios

PE Ratio n/a
Forward PE 3.45
PS Ratio 0.15
Forward PS 0.16
PB Ratio 0.17
P/FCF Ratio 1.26
PEG Ratio -0.96
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.56, with an EV/FCF ratio of 7.32.

EV / Earnings n/a
EV / Sales 0.86
EV / EBITDA 4.56
EV / EBIT n/a
EV / FCF 7.32

Financial Position

The company has a current ratio of 1.07, with a Debt / Equity ratio of 0.86.

Current Ratio 1.07
Quick Ratio 0.92
Debt / Equity 0.86
Debt / EBITDA 3.91
Debt / FCF 6.28
Interest Coverage -0.10

Financial Efficiency

Return on equity (ROE) is -18.50% and return on invested capital (ROIC) is -1.10%.

Return on Equity (ROE) -18.50%
Return on Assets (ROA) -9.10%
Return on Capital (ROIC) -1.10%
Revenue Per Employee $466,902
Profits Per Employee -$83,771
Employee Count 450
Asset Turnover 0.51
Inventory Turnover 84.99

Taxes

Income Tax -1.98M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -42.69% in the last 52 weeks. The beta is 4.93, so ICD's price volatility has been higher than the market average.

Beta (1Y) 4.93
52-Week Price Change -42.69%
50-Day Moving Average 1.90
200-Day Moving Average 2.51
Relative Strength Index (RSI) 57.82
Average Volume (30 Days) 65,998

Short Selling Information

The latest short interest is 537,495, so 3.52% of the outstanding shares have been sold short.

Short Interest 537,495
Short Previous Month 538,010
Short % of Shares Out 3.52%
Short % of Float 4.74%
Short Ratio (days to cover) 9.85

Income Statement

In the last 12 months, ICD had revenue of $210.11 million and -$37.70 million in losses. Loss per share was -$2.69.

Revenue 210.11M
Gross Profit 79.85M
Operating Income -3.72M
Pretax Income -39.67M
Net Income -37.70M
EBITDA 39.83M
EBIT -3.72M
Loss Per Share -$2.69
Full Income Statement

Balance Sheet

The company has $5.57 million in cash and $155.78 million in debt, giving a net cash position of -$150.21 million or -$9.84 per share.

Cash & Cash Equivalents 5.57M
Total Debt 155.78M
Net Cash -150.21M
Net Cash Per Share -$9.84
Equity / Book Value 181.58M
Book Value Per Share 11.89
Working Capital 2.99M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $61.02 million and capital expenditures -$36.22 million, giving a free cash flow of $24.81 million.

Operating Cash Flow 61.02M
Capital Expenditures -36.22M
Free Cash Flow 24.81M
FCF Per Share $1.77
Full Cash Flow Statement

Margins

Gross margin is 38.01%, with operating and profit margins of -1.77% and -17.94%.

Gross Margin 38.01%
Operating Margin -1.77%
Pretax Margin -18.88%
Profit Margin -17.94%
EBITDA Margin 18.96%
EBIT Margin -1.77%
FCF Margin 11.81%

Dividends & Yields

ICD does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -7.57%
Shareholder Yield -7.57%
Earnings Yield -120.45%
FCF Yield 79.26%

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus n/a
Analyst Count n/a
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a

Stock Splits

The last stock split was on March 12, 2020. It was a reverse split with a ratio of 1:20.

Last Split Date Mar 12, 2020
Split Type Reverse
Split Ratio 1:20

Scores

ICD has an Altman Z-Score of -0.95 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.95
Piotroski F-Score 5