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 $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $30.84 | $12.16 | $41.12 | $21.37 |
| Short term investments | ||||
| Net receivables | $88.45 | $85.1 | $94.94 | $98.5 |
| Inventory | $54.49 | $58.66 | $63.36 | $67.03 |
| Total current assets | $183.63 | $162.54 | $207.96 | $196.19 |
| Long term investments | ||||
| Property, plant & equipment | $124.47 | $127.34 | $130.44 | $127.33 |
| Goodwill & intangible assets | $90.43 | $93.26 | $96.15 | $99.05 |
| Total noncurrent assets | $218.35 | $224.3 | $230.51 | $230.5 |
| Total investments | ||||
| Total assets | $401.98 | $386.84 | $438.48 | $426.69 |
| Current liabilities | ||||
| Accounts payable | $33.38 | $22.9 | $37.52 | $37.49 |
| Deferred revenue | ||||
| Short long term debt | $13.2 | $10.38 | $10.39 | $10.09 |
| Total current liabilities | $82.75 | $58.14 | $83.81 | $72.97 |
| Long term debt | $353.11 | $352.86 | $366.39 | $363.2 |
| Total noncurrent liabilities | $354.86 | $354.82 | $368.07 | $365.06 |
| Total debt | $366.32 | $363.24 | $376.78 | $373.29 |
| Total liabilities | $437.61 | $412.96 | $451.89 | $438.04 |
| Shareholders' equity | ||||
| Retained earnings | -$826.23 | -$815.92 | -$802.66 | -$800.13 |
| Other shareholder equity | -$4.86 | -$5.07 | -$5.05 | -$5 |
| Total shareholder equity | -$35.63 | -$26.12 | -$13.41 | -$11.34 |
| (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 $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $144.07 | $140.62 | $161.43 | $163.41 |
| Cost of revenue | $118.51 | $117.68 | $127.44 | $127.12 |
| Gross Profit | $25.56 | $22.94 | $33.99 | $36.29 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $12.81 | $13.06 | $14.23 | $19.71 |
| Total operating expenses | $23.34 | $23.26 | $24.46 | $29.7 |
| Operating income | $2.22 | -$0.32 | $9.52 | $6.59 |
| Income from continuing operations | ||||
| EBIT | $2.68 | -$0.19 | $9.77 | $7.23 |
| Income tax expense | $0.17 | $0.21 | -$0.69 | $0.88 |
| Interest expense | $12.81 | $12.86 | $12.99 | $12.45 |
| Net income | ||||
| Net income | -$10.3 | -$13.26 | -$2.54 | -$6.11 |
| Income (for common shares) | -$10.3 | -$13.26 | -$2.54 | -$6.11 |
| (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 $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$10.3 | -$13.26 | -$2.54 | -$6.11 |
| Operating activities | ||||
| Depreciation | $13.29 | $13.5 | $13.49 | $12.91 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.58 | $0.58 | $0.52 | $0.49 |
| Total cash flows from operations | $24.32 | -$9.91 | $27.13 | $3.96 |
| Investing activities | ||||
| Capital expenditures | -$8.44 | -$3.62 | -$5.82 | -$5.28 |
| Investments | ||||
| Total cash flows from investing | -$8.44 | -$3.62 | -$5.82 | -$5.28 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | $2.84 | -$15.35 | -$1.4 | -$274.34 |
| Total cash flows from financing | $2.7 | -$15.46 | -$1.48 | $5.34 |
| Effect of exchange rate | $0.1 | $0.02 | -$0.09 | -$0.1 |
| Change in cash and equivalents | $18.68 | -$28.96 | $19.75 | $3.93 |
| (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 | $85.49M |
|---|---|
| Enterprise value | $420.96M |
| Shares outstanding | 35.32M |
| Revenue | $609.53M |
|---|---|
| EBITDA | $72.67M |
| EBIT | $19.49M |
| Net Income | -$32.21M |
| Revenue Q/Q | -13.56% |
| Revenue Y/Y | 2.72% |
| P/E ratio | -2.65 |
|---|---|
| EV/Sales | 0.69 |
| EV/EBITDA | 5.79 |
| EV/EBIT | 21.60 |
| P/S ratio | 0.14 |
| P/B ratio | -2.78 |
| Book/Share | -0.87 |
| Cash/Share | 0.87 |
| EPS | -$0.91 |
|---|---|
| ROA | -7.79% |
| ROE | 148.96% |
| Debt/Equity | -12.28 |
|---|---|
| Net debt/EBITDA | 5.60 |
| Current ratio | 2.22 |
| Quick ratio | 1.56 |