ION Geophysical
Market Cap
US$18.9m
Last Updated
2020/03/29 01:17 UTC
Data Sources
Company Financials +
Executive Summary
ION Geophysical Corporation, together with its subsidiaries, provides a suite of services and products for seismic data acquisition and processing in Latin America, North America, Europe, the Asia Pacific, Africa, the Middle East, and internationally.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Imperfect balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has ION Geophysical's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-13.6%
IO
4.7%
US Energy Services
9.9%
US Market
1 Year Return
-90.8%
IO
-71.1%
US Energy Services
-11.9%
US Market
Return vs Industry: IO underperformed the US Energy Services industry which returned -71.1% over the past year.
Return vs Market: IO underperformed the US Market which returned -11.9% over the past year.
Shareholder returns
| IO | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.6% | 4.7% | 9.9% |
| 30 Day | -62.2% | -48.8% | -15.0% |
| 90 Day | -84.8% | -65.4% | -21.5% |
| 1 Year | -90.8%-90.8% | -70.1%-71.1% | -10.0%-11.9% |
| 3 Year | -72.6%-72.6% | -79.5%-82.3% | 12.3%5.1% |
| 5 Year | -96.1%-96.1% | -80.5%-83.9% | 32.5%18.1% |
Price Volatility Vs. Market
How volatile is ION Geophysical's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Institutions Own ION Geophysical Corporation (NYSE:IO) Shares?1 month ago | Simply Wall St
Insider Buying: The ION Geophysical Corporation (NYSE:IO) Chairman & Lead Independent Director Just Bought US$183k Worth Of Shares1 month ago | Simply Wall St
ION Geophysical Corporation Just Reported And Analysts Have Been Cutting Their EstimatesValuation
Is ION Geophysical undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether ION Geophysical is trading at an attractive price based on the cash flow it is expected to produce in the future. But as ION Geophysical has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Next Steps
- Take a look at our analysis of IO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through ION Geophysical regulatory filings.
- Explore potentially undervalued companies in the Energy industry.
Future Growth
How is ION Geophysical forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IO is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: IO is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: IO is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: IO's revenue (1.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: IO's revenue (1.5% 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 IO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has ION Geophysical performed over the past 5 years?
31.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IO is currently unprofitable.
Growing Profit Margin: IO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IO is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.
Accelerating Growth: Unable to compare IO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IO is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-34.4%).
Return on Equity
High ROE: IO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is ION Geophysical's financial position?
Financial Position Analysis
Short Term Liabilities: IO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: IO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: IO has a high level of physical assets or inventory.
Debt Coverage by Assets: IO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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: Whilst unprofitable IO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -19% per year.
Next Steps
Dividend
What is ION Geophysical's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IO'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 IO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IO'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 IO'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?
0.8yrs
Average management tenure
CEO
Chris Usher (58yo)
0.75
Tenure
US$1,760,257
Compensation
Mr. Christopher T. Usher, also known as Chris, has been President, Chief Executive Officer and Director of ION Geophysical Corporation since June 1, 2019. Mr. Usher served as Chief Operating Officer of Ope ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD1.76M) is above average for companies of similar size in the US market ($USD602.37K).
Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.75yr | US$1.76m | 1.98% $375.5k | |
| Executive VP | 2.5yrs | US$862.82k | 0.38% $71.7k | |
| Strategic Advisor | 0.083yr | US$1.88m | 1.41% $266.2k | |
| Executive VP and COO of E&P Technology & Services | 13.17yrs | US$1.83m | 1.16% $219.0k | |
| Interim Executive VP | 0.083yr | no data | 0.43% $81.3k | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Executive Vice President of Global Human Resources | no data | no data | no data |
0.8yrs
Average Tenure
54yo
Average Age
Experienced Management: IO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.75yr | US$1.76m | 1.98% $375.5k | |
| Chairman & Lead Independent Director | 7.17yrs | US$221.72k | 3.85% $727.7k | |
| Independent Director | 15.58yrs | US$212.72k | 0.15% $28.9k | |
| Independent Director | 16.58yrs | US$201.72k | 0.17% $31.6k | |
| Director | 0.75yr | no data | 0.034% $6.4k | |
| Independent Director | 9.25yrs | US$191.72k | 0.21% $40.5k | |
| Independent Director | 1.92yrs | US$117.17k | 0.042% $7.9k | |
| Director | 0.75yr | no data | no data |
4.5yrs
Average Tenure
66.5yo
Average Age
Experienced Board: IO's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.
Top Shareholders
Company Information
ION Geophysical Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ION Geophysical Corporation
- Ticker: IO
- Exchange: NYSE
- Founded: 1968
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$18.919m
- Shares outstanding: 14.22m
- Website: https://www.iongeo.com
Number of Employees
Location
- ION Geophysical Corporation
- 2105 CityWest Boulevard
- Suite 100
- Houston
- Texas
- 77042-2839
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1991 |
| IO8N | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1991 |
Biography
ION Geophysical Corporation, together with its subsidiaries, provides a suite of services and products for seismic data acquisition and processing in Latin America, North America, Europe, the Asia Pacific, Africa, the Middle East, and internationally. The company operates in two segments: E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment offers data processing and imaging services; and survey planning and design, data acquisition and management, subsurface imaging, and reservoir characterization, as well as technical, commercial, and strategic advisory services. The Operations Optimization segment provides survey design, and command and control software systems and related services for marine towed streamer and seabed operations; and in-field optimization, and equipment maintenance and training services. This segment also develops, manufactures, and repairs marine towed streamer positioning and data acquisition systems, ocean bottom data acquisition technologies, marine diverters, analog geophones, and land acquisition systems, which are deployed in marine robotics, defense, scientific, exploration and production, and other commercial applications. ION Geophysical Corporation markets and sells its services and products through direct sales force and third-party sales representatives. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 01:17 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| 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.