ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$25.19|
|52 Week High||US$6.87|
|52 Week Low||US$30.48|
|1 Month Change||20.07%|
|3 Month Change||14.29%|
|1 Year Change||196.01%|
|3 Year Change||-35.58%|
|5 Year Change||n/a|
|Change since IPO||-38.43%|
Recent News & Updates
ChampionX Corporation: International Markets To Rev Up Growth Engine
With a robust artificial lift and chemical product line in the inventory since the Ecolab merger, CHX plans to tap new international territories. Expect CHX's operating margin to improve in Q3, led by higher volumes and the impact of the price increases. The steady US drilling activity recovery will also support its topline recovery. With steep growth in free cash flow, sufficient liquidity, and deleveraging, the company has limited financial risks.
Calculating The Intrinsic Value Of ChampionX Corporation (NASDAQ:CHX)
How far off is ChampionX Corporation ( NASDAQ:CHX ) from its intrinsic value? Using the most recent financial data...
ChampionX's (NASDAQ:CHX) Robust Earnings Are Supported By Other Strong Factors
ChampionX Corporation ( NASDAQ:CHX ) just reported healthy earnings but the stock price didn't move much. Investors are...
|CHX||US Energy Services||US Market|
Return vs Industry: CHX exceeded the US Energy Services industry which returned 99.8% over the past year.
Return vs Market: CHX exceeded the US Market which returned 31.1% over the past year.
Stable Share Price: CHX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CHX's weekly volatility (7%) has been stable over the past year.
About the Company
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company’s Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The company’s Production & Automation Technologies segment provides artificial lift equipment, end-to-end automation and digital solutions, and other production equipment, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, chemical injection systems, flow control valves, and gauges under the Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline, and Windrock brands.
ChampionX Fundamentals Summary
|CHX fundamental statistics|
Is CHX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CHX income statement (TTM)|
|Cost of Revenue||US$2.13b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||0.062|
|Net Profit Margin||0.45%|
How did CHX perform over the long term?See historical performance and comparison
Is ChampionX undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHX ($25.19) is trading below our estimate of fair value ($29.63)
Significantly Below Fair Value: CHX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CHX is poor value based on its PE Ratio (407.9x) compared to the US Energy Services industry average (32.4x).
PE vs Market: CHX is poor value based on its PE Ratio (407.9x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: CHX is poor value based on its PEG Ratio (5.3x)
Price to Book Ratio
PB vs Industry: CHX is overvalued based on its PB Ratio (3x) compared to the US Energy Services industry average (1.2x).
How is ChampionX forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHX's forecast earnings growth (76.4% per year) is above the savings rate (2%).
Earnings vs Market: CHX's earnings (76.4% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CHX's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: CHX's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHX's Return on Equity is forecast to be low in 3 years time (15.3%).
How has ChampionX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHX has a large one-off loss of $81.5M impacting its June 30 2021 financial results.
Growing Profit Margin: CHX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CHX has become profitable over the past 5 years, growing earnings by -63.9% per year.
Accelerating Growth: CHX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CHX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-19%).
Return on Equity
High ROE: CHX's Return on Equity (0.7%) is considered low.
How is ChampionX's financial position?
Financial Position Analysis
Short Term Liabilities: CHX's short term assets ($1.4B) exceed its short term liabilities ($686.6M).
Long Term Liabilities: CHX's short term assets ($1.4B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: CHX's debt to equity ratio (52.2%) is considered high.
Reducing Debt: CHX's debt to equity ratio has increased from 0.02% to 52.2% over the past 5 years.
Debt Coverage: CHX's debt is well covered by operating cash flow (44.3%).
Interest Coverage: CHX's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is ChampionX current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CHX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CHX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CHX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CHX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CHX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Soma Somasundaram (55 yo)
Mr. Sivasankaran Somasundaram, also known as Soma, serves as the President and Chief Executive Officer at ChampionX Corporation (formerly known as Apergy Corporation) since May 9, 2018 and serves as a Dire...
CEO Compensation Analysis
Compensation vs Market: Soma's total compensation ($USD2.95M) is below average for companies of similar size in the US market ($USD6.34M).
Compensation vs Earnings: Soma's compensation has been consistent with company performance over the past year.
Experienced Management: CHX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: CHX's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ChampionX Corporation's employee growth, exchange listings and data sources
- Name: ChampionX Corporation
- Ticker: CHX
- Exchange: NasdaqGS
- Founded: NaN
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$5.083b
- Shares outstanding: 201.80m
- Website: https://www.championx.com
Number of Employees
- ChampionX Corporation
- Building 4
- 12th Floor, Suite 1200
- The Woodlands
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 23:10|
|End of Day Share Price||2021/10/22 00:00|
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.