Dril-Quip
Market Cap
US$1.6b
Last Updated
2019/11/13 23:35 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.
Snowflake
Fundamentals
Flawless balance sheet with reasonable 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
-0.3%
DRQ
-2.6%
US Energy Services
0.4%
US Market
1 Year Return
11.0%
DRQ
-33.2%
US Energy Services
13.1%
US Market
Return vs Industry: DRQ exceeded the US Energy Services industry which returned -33.2% over the past year.
Return vs Market: DRQ underperformed the US Market which returned 13.1% over the past year.
Shareholder returns
| DRQ | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -2.6% | 0.4% |
| 30 Day | -12.4% | 1.6% | 4.0% |
| 90 Day | -2.6% | 4.3% | 7.4% |
| 1 Year | 11.0%11.0% | -31.3%-33.2% | 15.6%13.1% |
| 3 Year | -17.0%-17.0% | -52.5%-58.8% | 48.2%38.6% |
| 5 Year | -50.0%-50.0% | -63.1%-68.6% | 62.6%44.6% |
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
Here's What Analysts Are Forecasting For Dril-Quip, Inc. After Its Latest Third-Quarter Results4 weeks ago | Simply Wall St
Introducing Dril-Quip (NYSE:DRQ), The Stock That Dropped 42% In The Last Five Years2 months ago | Simply Wall St
Is Dril-Quip, Inc.'s (NYSE:DRQ) CEO Overpaid Relative To Its Peers?Valuation
Is Dril-Quip undervalued compared to its fair value and its price relative to the market?
27.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DRQ ($44.43) is trading below our estimate of fair value ($61.43)
Significantly Below Fair Value: DRQ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DRQ is unprofitable, so we can't compare its PE Ratio to the 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 (1.5x) compared to the US Energy Services industry average (0.7x).
Next Steps
Future Growth
How is Dril-Quip forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
89.8%
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 (2.7%).
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 (8.8% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: DRQ's revenue (8.8% 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 (4.5%).
Next Steps
Past Performance
How has Dril-Quip performed over the past 5 years?
-64.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DRQ has large one-off items impacting its financial results.
Growing Profit Margin: DRQ's current net profit margins (-20%) are higher than last year (-23.3%).
Past Earnings Growth Analysis
Earnings Trend: DRQ is unprofitable, and losses have increased over the past 5 years at a rate of -64% 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 (-16.6%).
Return on Equity
High ROE: DRQ has a negative Return on Equity (-7.38%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dril-Quip's financial position?
Financial Position Analysis
Short Term Liabilities: DRQ's short term assets ($878.7M) exceeds its short term liabilities ($96.5M)
Long Term Liabilities: DRQ's short term assets (878.7M) exceeds its long term liabilities (16.4M)
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
Inventory Level: DRQ has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DRQ's debt is covered by short term assets.
Next Steps
Dividend
What is Dril-Quip's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate DRQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DRQ'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 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
What is the CEO of Dril-Quip's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average management tenure
CEO
Blake DeBerry (59yo)
8.1yrs
Tenure
US$4,096,973
Compensation
Mr. Blake T. DeBerry has been the Chief Executive Officer and President of Dril-Quip, Inc. since October 2011. Mr. DeBerry served as Senior Vice President of Sales and Engineering at Dril-Quip, Inc. since ...
CEO Compensation Analysis
Compensation vs Market: Blake's total compensation ($USD4.10M) is about average for companies of similar size in the US market ($USD3.98M).
Compensation vs Earnings: Blake's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
5.4yrs
Average Tenure
50.5yo
Average Age
Experienced Management: DRQ's management team is seasoned and experienced (5.4 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
58.5yo
Average Age
Experienced Board: DRQ's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: DRQ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 4,233 |
| Max Price | US$44.70 |
| Entity | Individual |
| Role | Chief Accounting Officer VP of Finance & Chief Accounting Officer |
| Shares | 120 |
| Max Price | US$44.74 |
| Entity | Individual |
| Role | Chief Legal Officer VP, General Counsel & Secretary |
| Shares | 1,392 |
| Max Price | US$44.73 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP of Production Operations & CFO |
| Shares | 370 |
| Max Price | US$44.75 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP of Production Operations & CFO |
| Shares | 11,363 |
| Max Price | US$43.69 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Blake DeBerry (59yo)
President
- Tenure: 8.1yrs
- Compensation: US$4.10m
James Webster (49yo)
VP, General Counsel & Secretary
- Tenure: 8.8yrs
- Compensation: US$1.11m
Jeff Bird (52yo)
Senior VP of Production Operations & CFO
- Tenure: 2.7yrs
- Compensation: US$1.40m
Raj Kumar (46yo)
VP of Finance & Chief Accounting Officer
- Tenure: 0.8yrs
Board Members
Pete Shukis (74yo)
Director
- Tenure: 16.8yrs
- Compensation: US$218.02k
John Lovoi (58yo)
Chairman of the Board
- Tenure: 8.1yrs
- Compensation: US$306.66k
Terence Jupp (60yo)
Director
- Tenure: 7yrs
- Compensation: US$222.39k
Steven Newman (54yo)
Director
- Tenure: 4.3yrs
- Compensation: US$209.93k
Amy Schwetz (44yo)
Director
- Tenure: 0.2yrs
Blake DeBerry (59yo)
President
- Tenure: 8.1yrs
- Compensation: US$4.10m
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$1.608b
- Shares outstanding: 36.18m
- 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 | 2019/11/13 23:35 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.