NINE - Nine Energy Service, Inc.
NYSE
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Energy
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Oil & Gas Equipment & Services
Houston,
United States
Type: Equity
NINE price evolution
NINE
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $26.03 | $10.24 | $30.84 | $12.16 |
| Short term investments | ||||
| Net receivables | $84.4 | $90.97 | $88.45 | $85.1 |
| Inventory | $59.71 | $56.34 | $54.49 | $58.66 |
| Total current assets | $178.33 | $167.69 | $183.63 | $162.54 |
| Long term investments | ||||
| Property, plant & equipment | $115.56 | $121.86 | $124.47 | $127.34 |
| Goodwill & intangible assets | $84.84 | $87.63 | $90.43 | $93.26 |
| Total noncurrent assets | $203.39 | $212.72 | $218.35 | $224.3 |
| Total investments | ||||
| Total assets | $381.72 | $380.41 | $401.98 | $386.84 |
| Current liabilities | ||||
| Accounts payable | $39.4 | $38.83 | $33.38 | $22.9 |
| Deferred revenue | ||||
| Short long term debt | $11.18 | $12.22 | $13.2 | $10.38 |
| Total current liabilities | $82.96 | $73.85 | $82.75 | $58.14 |
| Long term debt | $347.43 | $348 | $353.11 | $352.86 |
| Total noncurrent liabilities | $348.47 | $349.87 | $354.86 | $354.82 |
| Total debt | $358.61 | $360.23 | $366.32 | $363.24 |
| Total liabilities | $431.44 | $423.72 | $437.61 | $412.96 |
| Shareholders' equity | ||||
| Retained earnings | -$848.33 | -$834.28 | -$826.23 | -$815.92 |
| Other shareholder equity | -$5.02 | -$5.07 | -$4.86 | -$5.07 |
| Total shareholder equity | -$49.72 | -$43.31 | -$35.63 | -$26.12 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $30.84 | $17.45 | $21.51 | $68.86 |
| Short term investments | ||||
| Net receivables | $88.45 | $106.02 | $64.03 | $41.23 |
| Inventory | $54.49 | $62.05 | $42.18 | $38.4 |
| Total current assets | $183.63 | $196.72 | $139.3 | $166.16 |
| Long term investments | ||||
| Property, plant & equipment | $124.47 | $126.6 | $123.52 | $140.6 |
| Goodwill & intangible assets | $90.43 | $101.94 | $116.41 | $132.52 |
| Total noncurrent assets | $218.35 | $230.11 | $242.31 | $276.44 |
| Total investments | ||||
| Total assets | $401.98 | $426.83 | $381.61 | $442.6 |
| Current liabilities | ||||
| Accounts payable | $33.38 | $42.21 | $28.68 | $18.14 |
| Deferred revenue | ||||
| Short long term debt | $13.2 | $10.4 | $9.25 | $8.14 |
| Total current liabilities | $82.75 | $81 | $56.45 | $43.41 |
| Long term debt | $353.11 | $338.03 | $362.81 | $376.12 |
| Total noncurrent liabilities | $354.86 | $369.34 | $364.43 | $378.78 |
| Total debt | $366.32 | $377.8 | $372.07 | $384.25 |
| Total liabilities | $437.61 | $450.34 | $420.88 | $422.19 |
| Shareholders' equity | ||||
| Retained earnings | -$826.23 | -$794.02 | -$808.41 | -$743.84 |
| Other shareholder equity | -$4.86 | -$4.83 | -$4.54 | -$4.5 |
| Total shareholder equity | -$35.63 | -$23.51 | -$39.27 | $20.41 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $132.4 | $142.12 | $144.07 | $140.62 |
| Cost of revenue | $112.05 | $116.01 | $118.51 | $117.68 |
| Gross Profit | $20.35 | $26.11 | $25.56 | $22.94 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $12.48 | $12.27 | $12.81 | $13.06 |
| Total operating expenses | $21.91 | $21.77 | $23.34 | $23.26 |
| Operating income | -$1.55 | $4.34 | $2.22 | -$0.32 |
| Income from continuing operations | ||||
| EBIT | -$1.12 | $4.89 | $2.68 | -$0.19 |
| Income tax expense | $0.14 | $0.15 | $0.17 | $0.21 |
| Interest expense | $12.78 | $12.79 | $12.81 | $12.86 |
| Net income | ||||
| Net income | -$14.04 | -$8.05 | -$10.3 | -$13.26 |
| Income (for common shares) | -$14.04 | -$8.05 | -$10.3 | -$13.26 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $609.53 | $593.38 | $349.42 | $310.85 |
| Cost of revenue | $490.75 | $457.09 | $307.99 | $302.16 |
| Gross Profit | $118.78 | $136.29 | $41.43 | $8.69 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $59.82 | $51.65 | $45.3 | $49.35 |
| Total operating expenses | $100.77 | $92.27 | $91.44 | $391.86 |
| Operating income | $18.01 | $44.02 | -$50.02 | -$383.17 |
| Income from continuing operations | ||||
| EBIT | $19.49 | $47.42 | -$32.07 | -$344.65 |
| Income tax expense | $0.58 | $0.55 | -$0.03 | -$2.46 |
| Interest expense | $51.12 | $32.49 | $32.53 | $36.76 |
| Net income | ||||
| Net income | -$32.21 | $14.39 | -$64.58 | -$378.95 |
| Income (for common shares) | -$32.21 | $14.39 | -$64.58 | -$378.95 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | -$14.04 | -$8.05 | -$10.3 | -$13.26 |
| Operating activities | ||||
| Depreciation | $12.73 | $12.82 | $13.29 | $13.5 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.81 | $0.58 | $0.58 | $0.58 |
| Total cash flows from operations | $12.89 | -$8.84 | $24.32 | -$9.91 |
| Investing activities | ||||
| Capital expenditures | -$2.63 | -$5.46 | -$8.44 | -$3.62 |
| Investments | ||||
| Total cash flows from investing | -$2.63 | -$5.46 | -$8.44 | -$3.62 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $6.78 | |||
| Net borrowings | -$1.09 | -$6.06 | $2.84 | -$15.35 |
| Total cash flows from financing | $5.5 | -$6.22 | $2.7 | -$15.46 |
| Effect of exchange rate | $0.03 | -$0.08 | $0.1 | $0.02 |
| Change in cash and equivalents | $15.79 | -$20.6 | $18.68 | -$28.96 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$32.21 | $14.39 | -$64.58 | -$378.95 |
| Operating activities | ||||
| Depreciation | $53.18 | $48.92 | $53.04 | $57.8 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $2.17 | $2.44 | $5.41 | $9.59 |
| Total cash flows from operations | $45.51 | $16.67 | -$40.42 | -$4.9 |
| Investing activities | ||||
| Capital expenditures | -$23.16 | -$25.42 | -$11.92 | -$1.78 |
| Investments | ||||
| Total cash flows from investing | -$23.16 | -$25.42 | -$11.92 | -$1.78 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | -$8.5 | $5.82 | $5.67 | -$15.84 |
| Total cash flows from financing | -$8.89 | $4.85 | $5.05 | -$17.39 |
| Effect of exchange rate | -$0.06 | -$0.17 | -$0.07 | -$0.06 |
| Change in cash and equivalents | $13.39 | -$4.06 | -$47.35 | -$24.13 |
News
Fundamentals
| Market cap | $46.11M |
|---|---|
| Enterprise value | $378.69M |
| Shares outstanding | 41.17M |
| Revenue | $559.21M |
|---|---|
| EBITDA | $58.60M |
| EBIT | $6.26M |
| Net Income | -$45.66M |
| Revenue Q/Q | -17.98% |
| Revenue Y/Y | -15.13% |
| P/E ratio | -1.01 |
|---|---|
| EV/Sales | 0.68 |
| EV/EBITDA | 6.46 |
| EV/EBIT | 60.48 |
| P/S ratio | 0.08 |
| P/B ratio | -1.03 |
| Book/Share | -1.09 |
| Cash/Share | 0.63 |
| EPS | -$1.11 |
|---|---|
| ROA | -11.78% |
| ROE | 118.01% |
| Debt/Equity | -12.28 |
|---|---|
| Net debt/EBITDA | 6.92 |
| Current ratio | 2.15 |
| Quick ratio | 1.43 |