Nine Energy Service, Inc. (NINE)

NYSE: NINE · IEX Real-Time Price · USD
2.260
+0.140 (6.60%)
At close: Mar 27, 2024, 4:00 PM
2.170
-0.090 (-3.98%)
Pre-market: Mar 28, 2024, 9:11 AM EDT

Total Valuation

NINE has a market cap or net worth of $74.89 million. The enterprise value is $410.37 million.

Market Cap 74.89M
Enterprise Value 410.37M

Important Dates

The last earnings date was Thursday, March 7, 2024, after market close.

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

Share Statistics

NINE has 35.32 million shares outstanding. The number of shares has increased by 3.20% in one year.

Shares Outstanding 35.32M
Shares Change (YoY) +3.20%
Shares Change (QoQ) +0.59%
Owned by Insiders (%) 18.75%
Owned by Institutions (%) 57.74%
Float 16.47M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 0.12
Forward PS 0.12
PB Ratio n/a
P/FCF Ratio 3.35
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 5.65, with an EV/FCF ratio of 18.36.

EV / Earnings n/a
EV / Sales 0.67
EV / EBITDA 5.65
EV / EBIT 21.05
EV / FCF 18.36

Financial Position

The company has a current ratio of 2.22

Current Ratio 2.22
Quick Ratio 1.44
Debt / Equity n/a
Debt / EBITDA 5.04
Debt / FCF 16.39
Interest Coverage 0.38

Financial Efficiency

Return on Equity (ROE) n/a
Return on Assets (ROA) -7.80%
Return on Capital (ROIC) n/a
Revenue Per Employee $526,816
Profits Per Employee -$27,842
Employee Count 1,157
Asset Turnover 1.47
Inventory Turnover 8.42

Taxes

In the past 12 months, NINE has paid $585,000 in taxes.

Income Tax 585,000
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -59.06% in the last 52 weeks. The beta is 3.42, so NINE's price volatility has been higher than the market average.

Beta (1Y) 3.42
52-Week Price Change -59.06%
50-Day Moving Average 2.23
200-Day Moving Average 3.26
Relative Strength Index (RSI) 54.15
Average Volume (30 Days) 641,144

Short Selling Information

The latest short interest is 3.28 million, so 9.28% of the outstanding shares have been sold short.

Short Interest 3.28M
Short Previous Month 3.27M
Short % of Shares Out 9.28%
Short % of Float 19.89%
Short Ratio (days to cover) 6.67

Income Statement

In the last 12 months, NINE had revenue of $609.53 million and -$32.21 million in losses. Loss per share was -$0.97.

Revenue 609.53M
Gross Profit 118.78M
Operating Income 18.01M
Pretax Income -31.63M
Net Income -32.21M
EBITDA 72.67M
EBIT 19.49M
Loss Per Share -$0.97
Full Income Statement

Balance Sheet

The company has $30.84 million in cash and $366.32 million in debt, giving a net cash position of -$335.48 million or -$9.50 per share.

Cash & Cash Equivalents 30.84M
Total Debt 366.32M
Net Cash -335.48M
Net Cash Per Share -$9.50
Equity / Book Value -35.63M
Book Value Per Share -1.01
Working Capital 100.88M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $45.51 million and capital expenditures -$23.16 million, giving a free cash flow of $22.35 million.

Operating Cash Flow 45.51M
Capital Expenditures -23.16M
Free Cash Flow 22.35M
FCF Per Share $0.67
Full Cash Flow Statement

Margins

Gross margin is 19.49%, with operating and profit margins of 2.95% and -5.28%.

Gross Margin 19.49%
Operating Margin 2.95%
Pretax Margin -5.19%
Profit Margin -5.28%
EBITDA Margin 11.92%
EBIT Margin 3.20%
FCF Margin 3.67%

Dividends & Yields

NINE 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 -3.20%
Shareholder Yield -3.20%
Earnings Yield -43.01%
FCF Yield 29.85%

Analyst Forecast

The average price target for NINE is $7.00, which is 209.74% higher than the current price. The consensus rating is "Strong Buy".

Price Target $7.00
Price Target Difference 209.74%
Analyst Consensus Strong Buy
Analyst Count 2
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

NINE has an Altman Z-Score of -0.8 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.8
Piotroski F-Score 4