Dril-Quip
Market Cap
US$873.1m
Last Updated
2020/10/20 00:46 UTC
Data Sources
Company Financials +
Executive Summary
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Dril-Quip's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DRQ's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.7%
DRQ
-2.7%
US Energy Services
-2.4%
US Market
1 Year Return
-48.2%
DRQ
-54.1%
US Energy Services
18.2%
US Market
Return vs Industry: DRQ exceeded the US Energy Services industry which returned -53.3% over the past year.
Return vs Market: DRQ underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| DRQ | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | -2.7% | -2.4% |
| 30 Day | -5.3% | -15.6% | 4.2% |
| 90 Day | -26.7% | -19.3% | 6.3% |
| 1 Year | -48.2%-48.2% | -52.7%-54.1% | 20.9%18.2% |
| 3 Year | -39.3%-39.3% | -70.6%-73.0% | 41.2%31.8% |
| 5 Year | -60.1%-60.1% | -72.7%-77.7% | 84.8%63.9% |
Price Volatility Vs. Market
How volatile is Dril-Quip's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Type Of Returns Would Dril-Quip's(NYSE:DRQ) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?1 month ago | Simply Wall St
Read This Before Buying Dril-Quip, Inc. (NYSE:DRQ) Shares2 months ago | Simply Wall St
How Much Is Dril-Quip's (NYSE:DRQ) CEO Getting Paid?Valuation
Is Dril-Quip undervalued compared to its fair value and its price relative to the market?
0.86x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DRQ ($24.88) is trading above our estimate of fair value ($3.86)
Significantly Below Fair Value: DRQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DRQ is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.
PE vs Market: DRQ 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 DRQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DRQ is overvalued based on its PB Ratio (0.9x) compared to the US Energy Services industry average (0.5x).
Next Steps
Future Growth
How is Dril-Quip forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
72.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DRQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: DRQ is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DRQ's is expected to become profitable in the next 3 years.
Revenue vs Market: DRQ's revenue (5.3% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: DRQ's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DRQ's Return on Equity is forecast to be low in 3 years time (1%).
Next Steps
Past Performance
How has Dril-Quip performed over the past 5 years?
-61.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DRQ is currently unprofitable.
Growing Profit Margin: DRQ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DRQ is unprofitable, and losses have increased over the past 5 years at a rate of 61.7% per year.
Accelerating Growth: Unable to compare DRQ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DRQ is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-59.5%).
Return on Equity
High ROE: DRQ has a negative Return on Equity (-2.73%), as it is currently unprofitable.
Next Steps
Financial Health
How is Dril-Quip's financial position?
Financial Position Analysis
Short Term Liabilities: DRQ's short term assets ($848.2M) exceed its short term liabilities ($113.7M).
Long Term Liabilities: DRQ's short term assets ($848.2M) exceed its long term liabilities ($18.6M).
Debt to Equity History and Analysis
Debt Level: DRQ is debt free.
Reducing Debt: DRQ has not had any debt for past 5 years.
Debt Coverage: DRQ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DRQ has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Dril-Quip current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DRQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DRQ'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 DRQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DRQ'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 DRQ'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?
4.7yrs
Average management tenure
CEO
Blake DeBerry (60 yo)
9yrs
Tenure
US$4,388,512
Compensation
Mr. Blake T. DeBerry has been the Chief Executive Officer of Dril-Quip, Inc. since October 2011. He served as President at Dril-Quip, Inc. since October 2011 until May 14, 2020. Mr. DeBerry served as Senio ...
CEO Compensation Analysis
Compensation vs Market: Blake's total compensation ($USD4.39M) is above average for companies of similar size in the US market ($USD2.82M).
Compensation vs Earnings: Blake's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9yrs | US$4.39m | 0.59% $ 5.1m | |
| President & COO | 0.42yr | US$2.85m | 0.18% $ 1.6m | |
| CFO & VP | 0.42yr | US$938.90k | 0.051% $ 440.9k | |
| VP, General Counsel & Secretary | 9.67yrs | US$1.67m | 0.14% $ 1.2m | |
| Director of Investor Relations & Corporate Planning | no data | no data | no data |
4.7yrs
Average Tenure
51.5yo
Average Age
Experienced Management: DRQ's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9yrs | US$4.39m | 0.59% $ 5.1m | |
| Independent Director | 17.67yrs | US$246.18k | 0.058% $ 504.1k | |
| Independent Chairman of the Board | 9yrs | US$336.13k | 0.13% $ 1.1m | |
| Independent Director | 7.92yrs | US$250.51k | 0.088% $ 771.9k | |
| Independent Director | 5.17yrs | US$239.30k | 0.068% $ 592.6k | |
| Independent Director | 1.08yrs | US$160.83k | 0.016% $ 140.4k |
8.5yrs
Average Tenure
59.5yo
Average Age
Experienced Board: DRQ's board of directors are considered experienced (8.5 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
Dril-Quip, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dril-Quip, Inc.
- Ticker: DRQ
- Exchange: NYSE
- Founded: 1981
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$873.137m
- Shares outstanding: 35.09m
- Website: https://www.dril-quip.com
Number of Employees
Location
- Dril-Quip, Inc.
- 6401 North Eldridge Parkway
- Houston
- Texas
- 77041
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DRQ | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1997 |
| DQU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1997 |
Biography
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe servic ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:46 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.