Precision Drilling Corporation

DB:PRE1 Stock Report

Market Cap: €789.0m

Precision Drilling Past Earnings Performance

Past criteria checks 4/6

Precision Drilling has been growing earnings at an average annual rate of 55.7%, while the Energy Services industry saw earnings growing at 32.3% annually. Revenues have been growing at an average rate of 11.7% per year. Precision Drilling's return on equity is 14.6%, and it has net margins of 12.5%.

Key information

55.7%

Earnings growth rate

54.8%

EPS growth rate

Energy Services Industry Growth23.3%
Revenue growth rate11.7%
Return on equity14.6%
Net Margin12.5%
Next Earnings Update12 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Precision Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:PRE1 Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,9412431360
30 Jun 241,9112241570
31 Mar 241,9072301520
31 Dec 231,9382891220
30 Sep 231,9411461620
30 Jun 231,9241571430
31 Mar 231,8241051410
31 Dec 221,617-341810
30 Sep 221,402-651240
30 Jun 221,226-1341230
31 Mar 221,102-1851320
31 Dec 21987-177990
30 Sep 21893-188940
30 Jun 21804-178830
31 Mar 21793-151740
31 Dec 20936-120710
30 Sep 201,106-84800
30 Jun 201,317-59880
31 Mar 201,487-24930
31 Dec 191,54171040
30 Sep 191,596-1911000
30 Jun 191,603-2181090
31 Mar 191,574-2511140
31 Dec 181,541-2941120
30 Sep 181,461-1431130
30 Jun 181,393-1391050
31 Mar 181,354-127940
31 Dec 171,321-132900
30 Sep 171,277-116990
30 Jun 171,176-137980
31 Mar 171,070-1581060
31 Dec 161,003-1561080
30 Sep 161,046-3961060
30 Jun 161,196-4351090
31 Mar 161,345-4071120
31 Dec 151,556-3631260
30 Sep 151,829-2071230
30 Jun 152,050-671370
31 Mar 152,190-441460
31 Dec 142,351331440
30 Sep 142,2992151520
30 Jun 142,2031921530
31 Mar 142,1071991440

Quality Earnings: PRE1 has a large one-off gain of CA$38.9M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: PRE1's current net profit margins (12.5%) are higher than last year (7.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PRE1 has become profitable over the past 5 years, growing earnings by 55.7% per year.

Accelerating Growth: PRE1's earnings growth over the past year (66.5%) exceeds its 5-year average (55.7% per year).

Earnings vs Industry: PRE1 earnings growth over the past year (66.5%) exceeded the Energy Services industry 8%.

Return on Equity

High ROE: PRE1's Return on Equity (14.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/29 05:58
End of Day Share Price 2025/01/29 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Precision Drilling Corporation is covered by 44 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Waqar SyedATB Capital Markets
Tim MonachelloATB Capital Markets
Sean MeakimBarclays