NasdaqGS:DWSN

Stock Analysis Report

Executive Summary

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Dawson Geophysical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DWSN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.7%

DWSN

-15.3%

US Energy Services

-7.6%

US Market


1 Year Return

-42.9%

DWSN

-40.4%

US Energy Services

10.2%

US Market

Return vs Industry: DWSN underperformed the US Energy Services industry which returned -39.1% over the past year.

Return vs Market: DWSN underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

DWSNIndustryMarket
7 Day-3.7%-15.3%-7.6%
30 Day-19.8%-15.9%-4.5%
90 Day-8.9%-18.8%-0.6%
1 Year-42.9%-42.9%-38.5%-40.4%12.5%10.2%
3 Year-70.8%-70.8%-61.8%-66.8%37.1%28.3%
5 Year-57.2%-57.2%-63.6%-69.5%60.8%43.2%

Price Volatility Vs. Market

How volatile is Dawson Geophysical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dawson Geophysical undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DWSN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DWSN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DWSN is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: DWSN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DWSN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DWSN is good value based on its PB Ratio (0.4x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Dawson Geophysical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

62.5%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dawson Geophysical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dawson Geophysical performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWSN is currently unprofitable.

Growing Profit Margin: DWSN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DWSN is unprofitable, but has reduced losses over the past 5 years at a rate of 0.6% per year.

Accelerating Growth: Unable to compare DWSN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DWSN is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-30%).


Return on Equity

High ROE: DWSN has a negative Return on Equity (-19.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is Dawson Geophysical's financial position?


Financial Position Analysis

Short Term Liabilities: DWSN's short term assets ($73.5M) exceed its short term liabilities ($25.2M).

Long Term Liabilities: DWSN's short term assets ($73.5M) exceed its long term liabilities ($6.4M).


Debt to Equity History and Analysis

Debt Level: DWSN's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: DWSN's debt to equity ratio has reduced from 4.9% to 0.1% over the past 5 years.


Balance Sheet

Inventory Level: DWSN has a high level of physical assets or inventory.

Debt Coverage by Assets: DWSN's debt is covered by short term assets (assets are 592.5x debt).


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.

Stable Cash Runway: DWSN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: DWSN has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of -27.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DWSN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DWSN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DWSN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DWSN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DWSN is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DWSN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Stephen Jumper (58yo)

5yrs

Tenure

US$875,684

Compensation

Mr. Stephen C. Jumper is a geophysicist, joined Legacy Dawson in 1985, was elected Vice President in September 1997, and President, Chief Operating Officer and Director in January 2001. Mr. Jumper serves  ...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD875.68K) is above average for companies of similar size in the US market ($USD524.26K).

Compensation vs Earnings: Stephen's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Jumper
Chairman of the Board5yrsUS$875.68k1.01% $484.8k
James Brata
CFO, Executive VP5yrsUS$495.21k0.30% $144.9k
C. Tobias
Executive VP & COO5yrsUS$567.28k0.54% $257.6k
James Thomas
CTO & Executive VP5yrsUS$394.75k0.31% $147.5k
David Nobles
Vice President & General Counsel1.1yrsno datano data
Kevin Werth
Chief Geophysicist0yrsno datano data

5.0yrs

Average Tenure

63yo

Average Age

Experienced Management: DWSN's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Jumper
Chairman of the Board5yrsUS$875.68k1.01% $484.8k
Michael Klofas
Independent Director1.8yrsUS$56.00k0.15% $69.7k
William Barrett
Independent Director40.1yrsUS$90.00k3.72% $1.8m
Mark Vander Ploeg
Independent Director5yrsUS$97.00k0.27% $127.9k
Gary Hoover
Independent Director5yrsUS$87.00k0.36% $173.8k
Ted North
Independent Director5yrsUS$99.00k0.34% $163.6k
Craig Cooper
Lead Director0yrsUS$80.00k0.38% $179.7k

5.0yrs

Average Tenure

67yo

Average Age

Experienced Board: DWSN's board of directors are considered experienced (5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dawson Geophysical Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dawson Geophysical Company
  • Ticker: DWSN
  • Exchange: NasdaqGS
  • Founded: 1952
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$47.910m
  • Shares outstanding: 23.26m
  • Website: https://www.dawson3d.com

Number of Employees


Location

  • Dawson Geophysical Company
  • 508 West Wall
  • Suite 800
  • Midland
  • Texas
  • 79701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DWSNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1981

Biography

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries. Its seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. The company also serves the potash mining industry. Dawson Geophysical Company was founded in 1952 and is headquartered in Midland, Texas with three additional offices in Denison, Houston, and Plano, Texas, as well as in Oklahoma City, Oklahoma and Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 01:15
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.