NexTier Oilfield Solutions Inc.

NYSE:NEX Voorraadrapport

Marktkapitalisatie: US$2.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

NexTier Oilfield Solutions Toekomstige groei

Future criteriumcontroles 1/6

De winst van NexTier Oilfield Solutions zal naar verwachting dalen met 19.4% per jaar, terwijl de jaarlijkse omzet naar verwachting zal groeien met 0.4% per jaar. De winst per aandeel zal naar verwachting dalen met 18.2% per jaar. Het rendement op het eigen vermogen zal over 3 jaar naar verwachting 25.3% zijn.

Belangrijke informatie

-19.4%

Groei van de winst

-18.23%

Groei van de winst per aandeel

Energy Services winstgroei21.4%
Inkomstengroei0.4%
Toekomstig rendement op eigen vermogen25.26%
Dekking van analisten

Good

Laatst bijgewerkt31 Jul 2023

Recente toekomstige groei-updates

Recent updates

Seeking Alpha • Aug 26

NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook

Summary NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks. Read the full article on Seeking Alpha
Seeking Alpha • Aug 17

NexTier Oilfield Solutions: Consider Taking Some Profits After The Rally

Summary NexTier is up quite a bit over the last couple of months. Fracking companies were priced for the worst, which hasn't materialized despite the observable slowdown in U.S. onshore oilfield activity. The valuation gap has now closed a bit and NexTier has also in the meantime announced a merger with Patterson-UTI. Until the merger starts delivering the promised synergies, I don't see any imminent catalysts other than the broader movements in oil and gas prices. Read the full article on Seeking Alpha
Seeking Alpha • Jun 15

NexTier And Patterson Merger Creates Oil Service Player With Discount Valuation

Summary NexTier Oilfield Solutions Inc. and Patterson-UTI Energy, Inc. are merging to create the second largest North American oil service company after Halliburton Company. The combination will create a high margin, strong balance sheet oil service company focused on efficiency and value. The pro forma valuation is severely discounted vs. their natural large cap peer comparison. Read the full article on Seeking Alpha
Analyseartikel • Apr 04

Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analyseartikel • Mar 09

The Trend Of High Returns At NexTier Oilfield Solutions (NYSE:NEX) Has Us Very Interested

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analyseartikel • Dec 08

Returns on Capital Paint A Bright Future For NexTier Oilfield Solutions (NYSE:NEX)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Seeking Alpha • Sep 09

NexTier Oilfield: Undervalued And Recently Increased Its EBITDA Guidance

Summary NexTier Oilfield Solutions Inc. is an oilfield service company operating mainly in the United States. I assumed that the company will likely develop and expand relationships with existing and new customers. If NexTier also invests to enlarge driving efficiencies, and new products are offered in the company’s digital platform, existing customers may spend more. NexTier Oilfield Solutions Inc. (NEX) recently reported an impressive increase in its revenue and EBITDA guidance. I don't think that the market is fair with NexTier. Considering future expansion of the business with new products and new clients, I obtained a valuation that is higher than the current stock price. My discounted cash flow ("DCF") model also reported a significant increase in future free cash flow and valuation with successful closure of M&A transactions. Yes, there are risks from an eventual decline in demand and new environmental laws. However, the current price does seem low. NexTier Oilfield NexTier Oilfield Solutions Inc. is an oilfield service company operating mainly in the United States. Going directly to the main point about NexTier, there are two main reasons to assess the company's financial model. First, there is the recent ESG performance, which more and more investors are currently studying. NexTier is using fewer and fewer gallons of diesel, making use of less equivalent cars reduced per year. In this regard, management offers a lot of statistics on the company's website: Company's Website The second reason to assess NexTier relates to the most recent operational update and the company's valuation. In Q2 2022, revenue growth guidance increased from 20% q/q to around 30% q/q. Besides, management also increased its adjusted EBITDA estimate from $130 million to $155 million, and noted 2022 free cash flow of $175 million. Considering the current valuation, I wonder whether the current price is appropriate. NexTier Investor Relations With regards to the current valuation, the chart below motivated my research about NexTier Oilfield. Note that the company is trading at 4x-6x EBITDA with many peers trading at more than 10x, and NexTier's FCF Conversion is among the largest in the peer group. NexTier Investor Relations Expectations Would Imply Extremely Appealing Opportunities In 2022, 2023, And 2024 Investment advisors out there believe that the company's net sales will grow from close to $3 billion in 2022 to more than $4 billion in 2024. The EBITDA margin would also grow from 18% in 2022 to 22% in 2024, and the operating margin would stay at close to 14% in 2024. marketscreener.com With the impressive increase in EBITDA and revenue, estimates include valuations of close to 1.43x in 2024 and 2.22x in 2023. Under these numbers, I would say that the company is quite undervalued. marketscreener.com Let's keep in mind that the FCF would grow from $253 million in 2022 to about $738 million in 2024. Considering these figures, I decided to execute a few DCF models to understand whether NexTier Oilfield could be interesting for seeking alpha investors. marketscreener.com Balance Sheet As of June 30, 2022, cash is equal to $158 million, and the asset/liability ratio exceeds the 1.5x mark. I believe that the company's balance sheet is in good shape. 10-Q Including financial leases and financial debt, I obtained total obligations of $406 million. Considering that estimates include 2024 free cash flow of more than $700 million, I don't think that the debt is worrying at all. 10-Q My Base Case Scenario Would Lead To A Valuation Of $9.8 Per Share. Under my base case scenario, I assumed that the company will likely develop and expand relationships with existing and new customers. As a result, revenue will likely trend north. Besides, in my view, economies of scale could play a major role as the number of customers would increase. The EBITDA margin could increase over time. If NexTier also invests to enlarge driving efficiencies, and new products are offered in the company's digital platform, existing customers may spend more. I also believe that management could have many revenue opportunities through an enlargement of the power solutions offering. The company gave many examples of the new incoming improvements in its corporate documentation. We believe our digital program, continued investment in diesel substitution (such as dual fuel capabilities), and our integrated natural gas treatment and delivery solution are important to achieving emissions reductions initiatives, both for us and our customers, and provide a competitive differentiating factor. Source: 10-K I do think that NexTier Oilfield may suffer from the concentration of clients. In 2020 and 2021, the company reported a few customers responsible for a significant amount of revenue. Under this scenario, I assume that NexTier Oilfield will work with many more clients, which may offer more negotiating power. As a result, in the future, the EBITDA margin may increase. For the year ended December 31, 2021, revenue from one customer individually represented approximately 14% of the Company's consolidated revenue. This customer represented $193.4 million of our consolidated revenue in the Completions Services segment. For the year ended December 31, 2020, two customers individually represented more than 10% and collectively represented 29% of the Company's consolidated revenue. Source: 10-K If we use the estimates given by other investors and conservative sales growth in 2025, 2026, and 2027, I obtained 2027 revenue of $4.101 billion. I also assumed a 2024 EBITDA margin close to 22% and a decline in the margin to 9% in 2027. Finally, I also assumed that the FCF could decline from almost 17% in 2024 to -5% in 2027. Under this case scenario, my model also included a somewhat growing weighted average cost of capital to 13%, which implied a discounted sum of free cash flow close to $1.58 billion.
Analyseartikel • Aug 25

NexTier Oilfield Solutions (NYSE:NEX) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analyseartikel • Aug 04

We Think That There Are Issues Underlying NexTier Oilfield Solutions' (NYSE:NEX) Earnings

Despite posting some strong earnings, the market for NexTier Oilfield Solutions Inc.'s ( NYSE:NEX ) stock hasn't moved...
Analyseartikel • Jul 28

Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Jul 25

NexTier Oilfield Solutions Q2 2022 Earnings Preview

NexTier Oilfield Solutions (NYSE:NEX) is scheduled to announce Q2 earnings results on Tuesday, July 26th, after market close. The consensus EPS Estimate is $0.35 (+284.2% Y/Y) and the consensus Revenue Estimate is $823.38M (+181.8% Y/Y). Over the last 2 years, NEX has beaten EPS estimates 63% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 0 downward. Revenue estimates have seen 6 upward revisions and 0 downward.
Analyseartikel • May 01

Broker Revenue Forecasts For NexTier Oilfield Solutions Inc. (NYSE:NEX) Are Surging Higher

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) shareholders will have a reason to smile today, with the analysts making...
Seeking Alpha • Apr 28

NexTier Crushes Q1 2022 Expectations And The Rest Of 2022 As Well

NexTier Reported Big 1Q22 Revenue and EBITDA Beats. The company has more spreads working at higher margins than previously expected. Guidance for 2Q22 and the full year is well above the Street Consensus. Estimates will move meaningfully higher in the wake of the call.
Analyseartikel • Apr 07

Here's Why NexTier Oilfield Solutions (NYSE:NEX) Can Afford Some Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Mar 03

NexTier Pre Investor Day Thoughts - Expect Upside To Estimates

NexTier is a leading U.S.-focused completion company with rising per active frac spread metrics. NexTier holds their annual investor today, and we expect positive commentary regarding demand, tightness of supply, and pricing. We expect to see continued upward bias to analyst estimates for 2022 and 2023 in the wake of the presentation.
Seeking Alpha • Jan 04

NexTier Oilfield Solutions: Expect A Slow Pickup

NEX plans to add a Tier 4 dual-fuel frac fleet in Q4 and another in Q1 2022 to enhance efficiency and reduce carbon emission. Inflationary costs will keep margin under pressure in the short term. In the medium term, lower fleet reactivation and efficiency-related costs will boost its operating margin. Negative cash flows and a high debt-to-equity ratio can pullback the upside potential.
Analyseartikel • Dec 02

Is NexTier Oilfield Solutions (NYSE:NEX) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Oct 14

NexTier Oilfield Solutions To Pick Up Slowly After Alamo Acquisition

NEX will increase the deployment of Tier 4 dual-fuel frac fleets to reduce carbon emission. Based on increased activities and added assets from the Alamo acquisition, revenues can increase by 25% in Q3 2021. Pricing is unlikely to increase, which will keep margin under pressure in the short term. Investors need to be wary of negative cash flow from operations and leveraged balance sheet.
Analyseartikel • Aug 08

Rainbows and Unicorns: NexTier Oilfield Solutions Inc. (NYSE:NEX) Analysts Just Became A Lot More Optimistic

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) shareholders will have a reason to smile today, with the analysts making...
Analyseartikel • Aug 05

Is NexTier Oilfield Solutions (NYSE:NEX) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Jul 11

NexTier Oilfield Solutions: Low Carbon Footprint To Drive Growth

NEX will increase its completion and fully utilized frac fleet in Q2 2021. It is transitioning to natural gas powered and lower carbon footprint equipment to drive the top line in the medium term. Its negative cash flows and leveraged balance sheet are a concern for the investors. I think the stock has an upside in the short term.
Analyseartikel • Jun 09

Here's Why Shareholders Should Examine NexTier Oilfield Solutions Inc.'s (NYSE:NEX) CEO Compensation Package More Closely

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) has not performed well recently and CEO Robert Drummond will probably need...
Analyseartikel • Mar 08

Would NexTier Oilfield Solutions (NYSE:NEX) Be Better Off With Less Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Winst- en omzetgroeiprognoses

NYSE:NEX - Toekomstschattingen van analisten en financiële gegevens uit het verleden (USD Millions )
DatumInkomstenInkomstenVrije kasstroomGeldmiddelen uit operationele activiteitenGem. Aantal analisten
12/31/20253,6684185208802
12/31/20243,6484804457739
12/31/20233,5776214127557
6/30/20233,648642368707N/A
3/31/20233,545560305599N/A
12/31/20223,245315229454N/A
9/30/20222,884193148279N/A
6/30/20222,38144-107104N/A
3/31/20221,830-56-1941N/A
12/31/20211,423-119-239-51N/A
9/30/20211,129-190-284-33N/A
6/30/2021899-249-147-50N/A
3/31/2021803-330-105-3N/A
12/31/20201,203-347-5569N/A
9/30/20201,516-3709163N/A
6/30/20201,796-26487274N/A
3/31/20202,028-15698296N/A
12/31/20191,822-10693305N/A
9/30/20191,780-1761325N/A
6/30/20191,8951044349N/A
3/31/20192,0464626375N/A
12/31/20182,1375931350N/A
9/30/20182,1528932326N/A
6/30/20182,07063-6261N/A
3/31/20181,81528-24161N/A
12/31/20171,542-28-8680N/A
9/30/20171,192-251-961N/A
6/30/2017831-255-106-61N/A
3/31/2017600-251N/A-65N/A
12/31/2016421-187N/A-54N/A
9/30/2016324-26N/A-58N/A
6/30/2016291-44N/A-20N/A
3/31/2016313-54N/A-12N/A
12/31/2015366-65N/A38N/A
12/31/2014396-46N/A19N/A

Toekomstige groeivoorspellingen analisten

Verdiensten versus spaarpercentage: De winst van NEX zal naar verwachting de komende 3 jaar dalen ( -19.4% per jaar).

Winst versus markt: De winst van NEX zal naar verwachting de komende 3 jaar dalen ( -19.4% per jaar).

Hoge groeiwinsten: De winst van NEX zal naar verwachting de komende 3 jaar dalen.

Omzet versus markt: De omzet van NEX ( 0.4% per jaar) zal naar verwachting langzamer groeien dan de markt US ( 11.8% per jaar).

Hoge groei-inkomsten: De omzet van NEX ( 0.4% per jaar) zal naar verwachting langzamer groeien dan 20% per jaar.

Groeiprognoses winst per aandeel

Toekomstig rendement op eigen vermogen

Toekomstige ROE: Het rendement op eigen vermogen NEX zal naar verwachting over 3 jaar hoog zijn ( 25.3 %)

Ontdek groeibedrijven

7D

1Y

7D

1Y

7D

1Y

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2023/09/02 16:32
Aandelenkoers aan het einde van de dag2023/08/31 00:00
Inkomsten2023/06/30
Jaarlijkse inkomsten2022/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

NexTier Oilfield Solutions Inc. wordt gevolgd door 21 analisten. 9 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Derek PodhaizerBarclays
Daniel BoydBMO Capital Markets Equity Research
Chase MulvehillBofA Global Research