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Updated 18d ago
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NCS Multistage Holdings, Inc.NasdaqCM:NCSM Stock Report

Market Cap US$135.5m
Updated 18d ago
Share Price
n/a
1Y40.0%
7D9.8%
1D3.3%
Portfolio Value
​
View

NCS Multistage Holdings, Inc.

NasdaqCM:NCSM Stock Report

Market Cap: US$135.5m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

This company has been acquired

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

NCS Multistage Holdings (NCSM) Stock Overview

Provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. More details

NCSM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 62.4% below our estimate of its fair value

Earnings grew by 9.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 15.7% per year for the next 3 years


NCSM Community Fair Values

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US$
Current Price
US$53.3516.5% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-231m262m2016201920222025202620282031Revenue US$262.2mEarnings US$20.0m
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NCS Multistage Holdings, Inc. Competitors

Nine Energy Service

Symbol: NYSEAM:NINE
Market cap: US$138.2m

OMS Energy Technologies

Symbol: NasdaqCM:OMSE
Market cap: US$185.1m

Smart Sand

Symbol: NasdaqGS:SND
Market cap: US$219.6m

Dawson Geophysical

Symbol: NasdaqGS:DWSN
Market cap: US$100.3m

Price History & Performance

Summary of share price highs, lows and changes for NCS Multistage Holdings
Historical stock prices
Current Share PriceUS$53.35
52 Week HighUS$87.36
52 Week LowUS$34.06
Beta0.21
1 Month Change13.51%
3 Month Change-4.05%
1 Year Change40.01%
3 Year Change210.17%
5 Year Change119.10%
Change since IPO-86.67%

Recent News & Updates

Analysis Article • May 09

Shareholders Shouldn’t Be Too Comfortable With NCS Multistage Holdings' (NASDAQ:NCSM) Strong Earnings

The latest earnings release from NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) disappointed investors. We did some...

Recent updates

Analysis Article • May 09

Shareholders Shouldn’t Be Too Comfortable With NCS Multistage Holdings' (NASDAQ:NCSM) Strong Earnings

The latest earnings release from NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) disappointed investors. We did some...
Analysis Article • May 01

We Ran A Stock Scan For Earnings Growth And NCS Multistage Holdings (NASDAQ:NCSM) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Feb 05

NCS Multistage: Evaluation After The Recent Developments

Summary NCS Multistage remains a high-risk, high-reward stock, currently rated 'hold' despite undervaluation versus the energy sector. NCSM trades at 9.7x 2025E and 8.5x 2026E earnings, with a net cash position equal to 30% of market cap. Revenue grew 6% in Q3, driven by strong U.S. and international growth offsetting Canadian declines; 2025 revenue guidance is +8%. Risks include a weak oil market outlook and potential Venezuelan supply increases, while technical support at $30 could offer a wide margin of safety. Read the full article on Seeking Alpha
Analysis Article • Nov 07

NCS Multistage Holdings' (NASDAQ:NCSM) Shareholders Have More To Worry About Than Only Soft Earnings

NCS Multistage Holdings, Inc.'s ( NASDAQ:NCSM ) stock showed strength, with investors undeterred by its weak earnings...
Analysis Article • Oct 31

The Market Doesn't Like What It Sees From NCS Multistage Holdings, Inc.'s (NASDAQ:NCSM) Earnings Yet As Shares Tumble 27%

The NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) share price has softened a substantial 27% over the previous 30 days...
Analysis Article • Aug 26

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Shares Fly 31% But Investors Aren't Buying For Growth

The NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) share price has done very well over the last month, posting an...
Analysis Article • May 02

NCS Multistage Holdings' (NASDAQ:NCSM) Returns On Capital Are Heading Higher

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article • Mar 30

NCS Multistage Holdings, Inc.'s (NASDAQ:NCSM) P/S Is Still On The Mark Following 29% Share Price Bounce

NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) shares have continued their recent momentum with a 29% gain in the last...
Analysis Article • Mar 12

NCS Multistage Holdings (NASDAQ:NCSM) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jan 22

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Soars 27% But It's A Story Of Risk Vs Reward

NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) shares have continued their recent momentum with a 27% gain in the last...
Analysis Article • Nov 08

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Soars 26% But It's A Story Of Risk Vs Reward

The NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) share price has done very well over the last month, posting an...
Analysis Article • Aug 08

NCS Multistage Holdings' (NASDAQ:NCSM) Earnings Might Not Be As Promising As They Seem

Solid profit numbers didn't seem to be enough to please NCS Multistage Holdings, Inc.'s ( NASDAQ:NCSM ) shareholders...
Analysis Article • Dec 18

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Stock Catapults 45% Though Its Price And Business Still Lag The Industry

NCS Multistage Holdings, Inc. ( NASDAQ:NCSM ) shareholders would be excited to see that the share price has had a great...
Analysis Article • Jul 13

Returns On Capital At NCS Multistage Holdings (NASDAQ:NCSM) Paint A Concerning Picture

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Seeking Alpha • Oct 13

NCS Multistage appoints CEO

Oil and natural gas company NCS Multistage (NASDAQ:NCSM) appointed current CFO Ryan Hummer as CEO, effective Nov. 1. Michael Morrison is appointed CFO and treasurer, effective Nov. 3. Morrison was an executive vice president and CFO at ION Geophysical until September. Source: Press Release
Seeking Alpha • Aug 01

NCS Multistage Holdings GAAP EPS of -$2.25, revenue of $27.5M

NCS Multistage Holdings press release (NASDAQ:NCSM): Q2 GAAP EPS of -$2.25. Revenue of $27.5M (+27.9% Y/Y).
Seeking Alpha • Oct 25

NCS Multistage Holdings: Growth Prospect Beats Margin Headwind

A rise in the international energy demand and the seasonal Canada uptick can facilitate NCSM's top line growth in 2H 2021. Higher supply chain costs and costs related to employee wages, steel, fiberglass can keep the operating margin under pressure in Q3. Although cash flows dried up, the balance sheet remains robust. The stock is relatively undervalued versus its peers.

Shareholder Returns

NCSMUS Energy ServicesUS Market
7D9.8%-5.1%0.5%
1Y40.0%48.0%12.0%

Return vs Industry: NCSM underperformed the US Energy Services industry which returned 57.9% over the past year.

Return vs Market: NCSM exceeded the US Market which returned 18% over the past year.

Price Volatility

Is NCSM's price volatile compared to industry and market?
NCSM volatility
NCSM Average Weekly Movement8.9%
Energy Services Industry Average Movement7.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.2%
10% least volatile stocks in US Market2.9%

Stable Share Price: NCSM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NCSM's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006272Ryan Hummerwww.ncsmultistage.com

NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. The company provides fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products, as well as enhanced recovery products, such as sliding sleeve and Terrus system, an injection control device; repeat precision products comprising composite and dissolvable frac plugs and bridge plugs, setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves. It offers its products and services primarily to exploration and production companies for use in onshore and offshore wells through technically-trained sales force, operating partners, and representatives.

NCS Multistage Holdings, Inc. Fundamentals Summary

How do NCS Multistage Holdings's earnings and revenue compare to its market cap?
NCSM fundamental statistics
Market capUS$135.53m
Earnings (TTM)US$13.79m
Revenue (TTM)US$181.17m
10.2x
P/E Ratio
0.8x
P/S Ratio

Is NCSM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NCSM income statement (TTM)
RevenueUS$181.17m
Cost of RevenueUS$108.48m
Gross ProfitUS$72.69m
Other ExpensesUS$58.90m
EarningsUS$13.79m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)5.25
Gross Margin40.12%
Net Profit Margin7.61%
Debt/Equity Ratio0%

How did NCSM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/31 16:07
End of Day Share Price 2026/08/31 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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.

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 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 Github.

Analyst Sources

NCS Multistage Holdings, Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sean MeakimJ.P. Morgan
Ian MacPhersonPiper Sandler Companies
Praveen NarraRaymond James & Associates

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