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ION Geophysical

DB:IO8N
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IO8N
DB
$137M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

ION Geophysical Corporation, together with its subsidiaries, provides a suite of services and products for seismic data acquisition and processing the United States and internationally. The last earnings update was 75 days ago. More info.


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  • ION Geophysical has significant price volatility in the past 3 months.
IO8N Share Price and Events
7 Day Returns
21.7%
DB:IO8N
-0.1%
Europe Energy Services
-1%
DE Market
1 Year Returns
-55.3%
DB:IO8N
-22%
Europe Energy Services
-6.2%
DE Market
IO8N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ION Geophysical (IO8N) 21.7% 47.2% -26.1% -55.3% 71.1% -79.6%
Europe Energy Services -0.1% 7.6% -7.4% -22% -28.2% -83.4%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • IO8N underperformed the Energy Services industry which returned -22% over the past year.
  • IO8N underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
IO8N
Industry
5yr Volatility vs Market

IO8N Value

 Is ION Geophysical undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ION Geophysical to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ION Geophysical.

DB:IO8N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IO8N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 21%) (128.53%))
1.786
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.786 * 5.96%)
10.87%

Discounted Cash Flow Calculation for DB:IO8N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ION Geophysical is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:IO8N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.87%)
2020 8.80 Analyst x1 7.94
2021 14.56 Est @ 65.49% 11.85
2022 21.25 Est @ 45.91% 15.59
2023 28.09 Est @ 32.21% 18.59
2024 34.45 Est @ 22.61% 20.56
2025 39.92 Est @ 15.9% 21.49
2026 44.39 Est @ 11.2% 21.55
2027 47.90 Est @ 7.91% 20.98
2028 50.59 Est @ 5.6% 19.98
2029 52.61 Est @ 3.99% 18.74
Present value of next 10 years cash flows $177.26
DB:IO8N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $52.61 × (1 + 0.23%) ÷ (10.87% – 0.23%)
$495.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $495.26 ÷ (1 + 10.87%)10
$176.41
DB:IO8N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $177.26 + $176.41
$353.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $353.67 / 14.07
$25.14
DB:IO8N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IO8N represents 0.94004x of NYSE:IO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94004x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.14 x 0.94004
€23.63
Value per share (EUR) From above. €23.63
Current discount Discount to share price of €9.25
= -1 x (€9.25 - €23.63) / €23.63
60.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ION Geophysical is available for.
Intrinsic value
>50%
Share price is €9.25 vs Future cash flow value of €23.63
Current Discount Checks
For ION Geophysical to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ION Geophysical's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ION Geophysical's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ION Geophysical's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ION Geophysical's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IO8N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-5.29
NYSE:IO Share Price ** NYSE (2019-07-16) in USD $9.84
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 19.23x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ION Geophysical.

DB:IO8N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:IO Share Price ÷ EPS (both in USD)

= 9.84 ÷ -5.29

-1.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ION Geophysical is loss making, we can't compare its value to the Europe Energy Services industry average.
  • ION Geophysical is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ION Geophysical's expected growth come at a high price?
Raw Data
DB:IO8N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
113.5%per year
Europe Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 0.95x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ION Geophysical, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ION Geophysical's assets?
Raw Data
DB:IO8N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-0.93
NYSE:IO Share Price * NYSE (2019-07-16) in USD $9.84
Europe Energy Services Industry PB Ratio Median Figure of 63 Publicly-Listed Energy Services Companies 0.84x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:IO8N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:IO Share Price ÷ Book Value per Share (both in USD)

= 9.84 ÷ -0.93

-10.57x

* Primary Listing of ION Geophysical.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ION Geophysical has negative assets, we can't compare the value of its assets to the Europe Energy Services industry average.
X
Value checks
We assess ION Geophysical's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. ION Geophysical has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IO8N Future Performance

 How is ION Geophysical expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
113.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ION Geophysical expected to grow at an attractive rate?
  • Unable to compare ION Geophysical's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare ION Geophysical's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • ION Geophysical's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IO8N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IO8N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 113.5%
DB:IO8N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.7%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IO8N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IO8N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 231 43 -1 2
2019-12-31 199 47 -23 2
DB:IO8N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 183 22 -74
2018-12-31 180 7 -71
2018-09-30 163 11 -53
2018-06-30 177 24 -41
2018-03-31 199 26 -25
2017-12-31 198 28 -30
2017-09-30 175 8 -35
2017-06-30 193 17 -39
2017-03-31 183 1 -53
2016-12-31 173 1 -65
2016-09-30 215 23 -64
2016-06-30 203 -6 -86

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ION Geophysical is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • ION Geophysical's revenue is expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IO8N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from ION Geophysical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IO8N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.09 0.75 -0.93 2.00
2019-12-31 -1.62 -1.50 -1.74 2.00
DB:IO8N Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -5.29
2018-12-31 -5.20
2018-09-30 -4.04
2018-06-30 -3.22
2018-03-31 -2.09
2017-12-31 -2.55
2017-09-30 -2.98
2017-06-30 -3.26
2017-03-31 -4.57
2016-12-31 -5.71
2016-09-30 -5.74
2016-06-30 -7.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ION Geophysical will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ION Geophysical's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ION Geophysical has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IO8N Past Performance

  How has ION Geophysical performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ION Geophysical's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ION Geophysical does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ION Geophysical's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ION Geophysical's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
ION Geophysical's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ION Geophysical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IO8N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 183.49 -74.11 62.31 19.28
2018-12-31 180.05 -71.17 57.05 18.18
2018-09-30 163.35 -53.22 66.41 17.98
2018-06-30 177.25 -40.75 64.55 17.34
2018-03-31 198.51 -25.33 60.49 17.19
2017-12-31 197.55 -30.24 61.77 16.43
2017-09-30 175.02 -35.34 60.81 15.23
2017-06-30 192.55 -38.58 60.70 15.07
2017-03-31 182.70 -53.48 62.30 15.72
2016-12-31 172.81 -65.15 60.84 17.44
2016-09-30 214.91 -64.20 63.56 18.95
2016-06-30 202.96 -86.28 65.33 21.25
2016-03-31 203.60 -4.87 71.97 23.73
2015-12-31 221.51 -25.12 82.19 26.45
2015-09-30 280.89 -200.46 94.31 31.68
2015-06-30 320.75 -204.61 100.53 36.05
2015-03-31 405.44 -259.50 101.35 39.12
2014-12-31 509.56 -128.25 106.32 40.44
2014-09-30 591.40 72.45 105.33 39.33
2014-06-30 564.69 -105.11 102.82 37.32
2014-03-31 564.13 -177.43 99.44 36.10
2013-12-31 549.17 -251.87 95.04 36.35
2013-09-30 503.56 -244.87 93.43 35.82
2013-06-30 560.05 -27.91 95.68 34.43
2013-03-31 544.34 55.26 97.58 35.64
2012-12-31 526.32 61.96 95.63 34.08
2012-09-30 513.13 47.15 89.65 32.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ION Geophysical has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if ION Geophysical has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ION Geophysical improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ION Geophysical's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ION Geophysical has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IO8N Health

 How is ION Geophysical's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ION Geophysical's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ION Geophysical's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ION Geophysical's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ION Geophysical's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • ION Geophysical has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ION Geophysical Company Filings, last reported 3 months ago.

DB:IO8N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -11.44 121.27 38.41
2018-12-31 7.82 118.80 33.55
2018-09-30 26.91 120.78 30.04
2018-06-30 33.92 117.62 44.35
2018-03-31 61.52 117.93 50.75
2017-12-31 30.81 156.74 52.06
2017-09-30 30.06 155.33 40.23
2017-06-30 23.42 156.19 43.27
2017-03-31 31.78 157.34 49.64
2016-12-31 53.40 158.79 52.65
2016-09-30 60.47 163.53 62.54
2016-06-30 58.88 165.50 52.43
2016-03-31 75.35 181.34 76.67
2015-12-31 112.04 182.99 84.93
2015-09-30 120.83 186.28 88.24
2015-06-30 141.17 188.17 117.06
2015-03-31 81.89 189.66 144.44
2014-12-31 137.25 190.59 173.61
2014-09-30 318.30 185.48 129.85
2014-06-30 348.24 190.66 157.78
2014-03-31 341.90 241.01 197.31
2013-12-31 259.76 220.15 148.06
2013-09-30 235.89 185.72 88.59
2013-06-30 433.92 183.71 109.50
2013-03-31 501.53 104.46 66.58
2012-12-31 501.14 105.33 60.97
2012-09-30 471.51 104.31 47.48
  • ION Geophysical has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if ION Geophysical's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • ION Geophysical has sufficient cash runway for more than 3 years based on current free cash flow.
  • ION Geophysical has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -58.7% each year.
X
Financial health checks
We assess ION Geophysical's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ION Geophysical has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IO8N Dividends

 What is ION Geophysical's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ION Geophysical dividends.
If you bought €2,000 of ION Geophysical shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ION Geophysical's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ION Geophysical's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IO8N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IO8N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ION Geophysical has not reported any payouts.
  • Unable to verify if ION Geophysical's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ION Geophysical's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ION Geophysical has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ION Geophysical's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ION Geophysical afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ION Geophysical has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IO8N Management

 What is the CEO of ION Geophysical's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Usher
COMPENSATION $1,760,257
AGE 58
TENURE AS CEO 0.1 years
CEO Bio

Mr. Christopher T. Usher, also known as Chris, has been President, Chief Executive Officer and Director of ION Geophysical Corporation since June 1, 2019. Mr. Usher served as Chief Operating Officer of Operations Optimization of ION Geophysical Corporation since December 9, 2015 until June 1, 2019 and its Executive Vice President at ION Geophysical Corporation since December 2011 until June 1, 2019. Mr. Usher served as the Chief Innovation Officer of Innovation Division ION Geophysical Corporation since February 2015 until December 9th 2015. Mr. Usher served as Chief Operating Officer of Geoscience Division at ION Geophysical Corporation since November 2012. Mr. Usher served as the Chief Technology Officer and Senior Vice President of Data Processing Analysis and Interpretation at Global Geophysical Services, Inc. from January 2010 to November 29, 2012. Prior to joining Global Geophysical Services, Mr. Usher served as the Senior Director of Landmark Software and Services at the Landmark Division of Halliburton, an oilfield services corporation from October 2005 to January 2010. Mr. Usher served as Senior Corporate Vice President of Integrated Services of Paradigm B.V. from November 2003 to September 2005. From 2000 to 2003, he served as President of the global data processing division of Petroleum Geo-Services (PGS) in London. He began his career at Western Geophysical. Mr. Usher held several senior level positions in the geophysical industry including President of PGS's Data Processing Division, Vice President of Worldwide Technology at Western Geophysical and Vice President of Eastern Hemisphere Data Processing at Western Geophysical. He has been Director of INOVA Geophysical Equipment Limited since December 8, 2016. Mr. Usher serves as Director of SensiLaser Technologies, Inc. Mr. Usher is a graduate of Yale University with a Bachelor of Science in Geology and Geophysics.

CEO Compensation
  • Chris's compensation has increased whilst company is loss making.
  • Chris's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ION Geophysical management team in years:

4.7
Average Tenure
51
Average Age
  • The tenure for the ION Geophysical management team is about average.
Management Team

Chris Usher

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
58
TENURE
0.1 yrs

Steve Bate

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
56
TENURE
4.7 yrs

Matt Powers

TITLE
Executive VP
COMPENSATION
$863K
AGE
43
TENURE
1.8 yrs

Ken Williamson

TITLE
Executive VP and COO of E&P Technology & Services
COMPENSATION
$2M
AGE
54
TENURE
12.5 yrs

Rachel White

TITLE
Vice President of Corporate Communications

Larry Burke

TITLE
Executive Vice President of Global Human Resources

Mike Morrison

TITLE
VP of Finance & Treasurer
AGE
48

Scott Schwausch

TITLE
VP & Corporate Controller
AGE
44
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the ION Geophysical board of directors in years:

3.9
Average Tenure
66.5
Average Age
  • The tenure for the ION Geophysical board of directors is about average.
Board of Directors

Jay Lapeyre

TITLE
Chairman & Lead Independent Director
COMPENSATION
$222K
AGE
66
TENURE
6.5 yrs

Chris Usher

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
58
TENURE
0.1 yrs

John Seitz

TITLE
Director
COMPENSATION
$202K
AGE
67
TENURE
15.9 yrs

S. Nelson

TITLE
Director
COMPENSATION
$213K
AGE
77
TENURE
14.9 yrs

David Barr

TITLE
Director
COMPENSATION
$192K
AGE
69
TENURE
8.6 yrs

Huasheng Zheng

TITLE
Director
COMPENSATION
$117K
AGE
52
TENURE
1.3 yrs

Tina Wininger

TITLE
Director
AGE
50
TENURE
0.1 yrs

Mike McGovern

TITLE
Director
AGE
67
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ION Geophysical individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Jun 19 Buy James Lapeyre Individual 31. May 19 31. May 19 60,000 €6.09 €365,511
07. Dec 18 Buy James Lapeyre Individual 06. Dec 18 06. Dec 18 20,000 €6.69 €133,831
07. Nov 18 Buy James Lapeyre Individual 07. Nov 18 07. Nov 18 10,000 €8.96 €89,600
15. Aug 18 Buy James Lapeyre Individual 14. Aug 18 15. Aug 18 40,000 €14.22 €560,984
X
Management checks
We assess ION Geophysical's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ION Geophysical has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IO8N News

Simply Wall St News

IO8N Company Info

Description

ION Geophysical Corporation, together with its subsidiaries, provides a suite of services and products for seismic data acquisition and processing the United States and internationally. The company operates in three segments: E&P Technology & Services, Operations Optimization, and Ocean Bottom Integrated Technologies. The Exploration and Production (E&P) Technology & Services segment offers seismic data services, including survey planning and design, data acquisition, subsurface imaging, and reservoir characterization, as well as technical, commercial, and strategic advisory services. The Operations Optimization segment provides survey design, and command and control software systems and related services for marine towed streamer and seabed operations. It also manufactures and repairs marine towed streamer positioning and control systems, analog geophone sensors, and compasses, which are deployed in marine robotics, scientific, E&P, and other commercial applications. The Ocean Bottom Integrated Technologies segment offers survey design, planning, and optimization services to maximize seismic image quality, operational efficiency, and safety; data acquisition; superior imaging; and data processing, interpretation, and reservoir services. This segment also develops re-deployable ocean bottom data acquisition technology. The company markets and sells its services and products through direct sales force and third-party sales representatives. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.

Details
Name: ION Geophysical Corporation
IO8N
Exchange: DB
Founded: 1968
$122,056,856
14,069,520
Website: http://www.iongeo.com
Address: ION Geophysical Corporation
2105 CityWest Boulevard,
Suite 100,
Houston,
Texas, 77042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE IO Common Stock New York Stock Exchange US USD 02. Apr 1991
DB IO8N Common Stock Deutsche Boerse AG DE EUR 02. Apr 1991
Number of employees
Current staff
Staff numbers
496
ION Geophysical employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:24
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.