NYSE:FI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Frank's International

Executive Summary

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Frank's International's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

21.0%

FI

6.0%

US Energy Services

3.0%

US Market


1 Year Return

-60.5%

FI

-49.7%

US Energy Services

9.9%

US Market

Return vs Industry: FI underperformed the US Energy Services industry which returned -49.2% over the past year.

Return vs Market: FI underperformed the US Market which returned 9.5% over the past year.


Shareholder returns

FIIndustryMarket
7 Day21.0%6.0%3.0%
30 Day-0.4%15.8%8.2%
90 Day-40.8%-31.5%0.4%
1 Year-60.5%-60.5%-48.0%-49.7%12.4%9.9%
3 Year-70.3%-70.7%-68.3%-72.5%31.0%22.3%
5 Year-87.9%-88.9%-73.3%-78.2%58.1%40.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Frank's International undervalued compared to its fair value and its price relative to the market?

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FI ($2.25) is trading above our estimate of fair value ($0.31)

Significantly Below Fair Value: FI is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: FI 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 FI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FI is overvalued based on its PB Ratio (0.7x) compared to the US Energy Services industry average (0.5x).


Next Steps

Future Growth

How is Frank's International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

78.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FI's revenue (3.6% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: FI's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Frank's International performed over the past 5 years?

-49.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FI is currently unprofitable.

Growing Profit Margin: FI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FI is unprofitable, and losses have increased over the past 5 years at a rate of -49% per year.

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

Earnings vs Industry: FI is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-54.7%).


Return on Equity

High ROE: FI has a negative Return on Equity (-40.41%), as it is currently unprofitable.


Next Steps

Financial Health

How is Frank's International's financial position?


Financial Position Analysis

Short Term Liabilities: FI's short term assets ($451.8M) exceed its short term liabilities ($112.6M).

Long Term Liabilities: FI's short term assets ($451.8M) exceed its long term liabilities ($48.0M).


Debt to Equity History and Analysis

Debt Level: FI is debt free.

Reducing Debt: FI currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


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: FI has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Frank's International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FI'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 FI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FI'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?

1.0yrs

Average management tenure


CEO

Mike Kearney (70yo)

2.58yrs

Tenure

US$4,209,537

Compensation

Mr. Michael C. Kearney, also known as Mike, has been Director of Ranger Energy Services, Inc. since July 30, 2018. He has been President and Chief Executive Officer Frank's International N.V. since Septemb ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD4.21M) is above average for companies of similar size in the US market ($USD2.21M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Kearney
Chairman of the Board2.58yrsUS$4.21m0.10% $522.6k
Melissa Cougle
Senior VP1yrUS$771.62kno data
Steven Russell
Senior VP of Operations & MD0.42yrUS$1.08m0.014% $71.9k
Nigel Lakey
Senior Vice President of Technology0.42yrUS$656.04k0.0050% $25.5k
John Symington
Senior VP1.83yrsUS$1.01m0.0059% $29.9k
Erin Fazio
Head of Investor Relationsno datano datano data
Alison Greene
Manager of Corporate Communicationsno datano datano data
Thad Scott
Senior Vice President of Marketing & Business Development0.42yrno datano data
Natalie Questell
Vice President of Human Resource1.83yrsno datano data
Blake Holcomb
Director of Finance & Investor Relationsno datano datano data

1.0yrs

Average Tenure

58yo

Average Age

Experienced Management: FI's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Kearney
Chairman of the Board2.58yrsUS$4.21m0.10% $522.6k
Michael McMahon
Supervisory Lead Director0.33yrUS$213.59k0.032% $163.4k
Alexander Vriesendorp
Independent Supervisory Director4yrsUS$199.01k0.032% $163.4k
William Berry
Supervisory Director5.33yrsUS$219.01k0.036% $184.3k
Donald Mosing
Supervisory Director6.75yrsUS$189.01k34.56% $175.5m
Melanie Trent
Independent Supervisory Director1.33yrsUS$201.65k0.011% $54.9k
Robert Drummond
Independent Supervisory Director3yrsUS$204.01k0.028% $140.8k
Kirkland Mosing
Supervisory Director6.75yrsUS$189.01k7.84% $39.8m
Steven Mosing
Supervisory Director6.75yrsUS$189.01k3.3% $16.8m

4.4yrs

Average Tenure

66yo

Average Age

Experienced Board: FI's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FI insiders have only sold shares 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

Frank's International N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Frank's International N.V.
  • Ticker: FI
  • Exchange: NYSE
  • Founded: 1938
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: US$507.847m
  • Market Cap: US$507.847m
  • Shares outstanding: 225.71m
  • Website: https://www.franksinternational.com

Number of Employees


Location

  • Frank's International N.V.
  • Mastenmakersweg 1
  • Den Helder
  • Noord-Holland
  • 1786 PB
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FINYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2013

Biography

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. It operates through three segments: Tubular Running Services, Tubulars, and Cementing Equipment. The company provides tubular running services; and specialized equipment, services, and products utilized in the construction, completion, and abandonment of the wellbore in onshore and offshore environments. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The company also designs, manufactures, and sells outside diameter (OD) pipes, connectors, and casing attachments; and provides specialized fabrication and welding services in support of deep water projects, including drilling and production risers, flowlines and pipeline end terminations, and long length tubulars for use as caissons or pilings. In addition, it offers specialty well construction and well intervention services and products; and distributes OD pipes manufactured by third parties. Frank's International N.V. was founded in 1938 and is headquartered in Den Helder, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 05:55
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.