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Solaris Oilfield Infrastructure

NYSE:SOI
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOI
NYSE
$682M
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

Solaris Oilfield Infrastructure, Inc. manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
  • Solaris Oilfield Infrastructure has significant price volatility in the past 3 months.
SOI Share Price and Events
7 Day Returns
-1.1%
NYSE:SOI
1.7%
US Energy Services
0.8%
US Market
1 Year Returns
-3.7%
NYSE:SOI
-38.9%
US Energy Services
4.8%
US Market
SOI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solaris Oilfield Infrastructure (SOI) -1.1% -9.2% -26.5% -3.7% - -
US Energy Services 1.7% 11.2% -15% -38.9% -47.9% -71%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • SOI outperformed the Energy Services industry which returned -38.9% over the past year.
  • SOI underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
SOI
Industry
5yr Volatility vs Market

SOI Value

 Is Solaris Oilfield Infrastructure undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Solaris Oilfield Infrastructure to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Solaris Oilfield Infrastructure.

NYSE:SOI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SOI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 21%) (1.33%))
1.063
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.063 * 5.96%)
9.06%

Discounted Cash Flow Calculation for NYSE:SOI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Solaris Oilfield Infrastructure is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SOI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.06%)
2020 79.56 Analyst x7 72.95
2021 88.49 Est @ 11.22% 74.39
2022 96.16 Est @ 8.67% 74.12
2023 102.79 Est @ 6.89% 72.64
2024 108.59 Est @ 5.64% 70.36
2025 113.76 Est @ 4.77% 67.59
2026 118.49 Est @ 4.16% 64.55
2027 122.91 Est @ 3.73% 61.39
2028 127.13 Est @ 3.43% 58.22
2029 131.22 Est @ 3.22% 55.10
Present value of next 10 years cash flows $671.33
NYSE:SOI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $131.22 × (1 + 2.73%) ÷ (9.06% – 2.73%)
$2,128.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,128.03 ÷ (1 + 9.06%)10
$893.60
NYSE:SOI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $671.33 + $893.60
$1,564.93
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,564.93 / 47.59
$32.89
NYSE:SOI Discount to Share Price
Calculation Result
Value per share (USD) From above. $32.89
Current discount Discount to share price of $13.62
= -1 x ($13.62 - $32.89) / $32.89
58.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Solaris Oilfield Infrastructure is available for.
Intrinsic value
>50%
Share price is $13.62 vs Future cash flow value of $32.89
Current Discount Checks
For Solaris Oilfield Infrastructure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solaris Oilfield Infrastructure's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Solaris Oilfield Infrastructure's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Solaris Oilfield Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solaris Oilfield Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SOI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.78
NYSE:SOI Share Price ** NYSE (2019-07-15) in USD $13.62
United States of America Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 20.51x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solaris Oilfield Infrastructure.

NYSE:SOI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SOI Share Price ÷ EPS (both in USD)

= 13.62 ÷ 1.78

7.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solaris Oilfield Infrastructure is good value based on earnings compared to the US Energy Services industry average.
  • Solaris Oilfield Infrastructure is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Solaris Oilfield Infrastructure's expected growth come at a high price?
Raw Data
NYSE:SOI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
36.6%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NYSE:SOI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.64x ÷ 36.6%

0.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solaris Oilfield Infrastructure is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Solaris Oilfield Infrastructure's assets?
Raw Data
NYSE:SOI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.02
NYSE:SOI Share Price * NYSE (2019-07-15) in USD $13.62
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.85x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:SOI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SOI Share Price ÷ Book Value per Share (both in USD)

= 13.62 ÷ 6.02

2.26x

* Primary Listing of Solaris Oilfield Infrastructure.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solaris Oilfield Infrastructure is overvalued based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Solaris Oilfield Infrastructure's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Solaris Oilfield Infrastructure has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SOI Future Performance

 How is Solaris Oilfield Infrastructure expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solaris Oilfield Infrastructure expected to grow at an attractive rate?
  • Solaris Oilfield Infrastructure's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Solaris Oilfield Infrastructure's earnings growth is expected to exceed the United States of America market average.
  • Solaris Oilfield Infrastructure's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SOI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SOI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 36.6%
NYSE:SOI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 11.2%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SOI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SOI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 254 1
2020-12-31 268 141 94 13
2019-12-31 232 120 68 13
NYSE:SOI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 216 135 48
2018-12-31 197 116 41
2018-09-30 165 71 31
2018-06-30 127 54 19
2018-03-31 93 28 9
2017-12-31 67 27 3
2017-09-30 49 17 4
2017-06-30 36 7 4
2017-03-31 25 9 3
2016-12-31 18 5 3
2016-09-30 13 3 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solaris Oilfield Infrastructure's earnings are expected to grow significantly at over 20% yearly.
  • Solaris Oilfield Infrastructure's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SOI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Solaris Oilfield Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SOI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.42 2.74 1.60 8.00
2019-12-31 1.87 2.07 1.59 8.00
NYSE:SOI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.78
2018-12-31 1.60
2018-09-30 1.30
2018-06-30 0.98
2018-03-31 0.58
2017-12-31 0.28
2017-09-30 0.44
2017-06-30 0.38
2017-03-31 0.27
2016-12-31
2016-09-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Solaris Oilfield Infrastructure will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solaris Oilfield Infrastructure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solaris Oilfield Infrastructure has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SOI Past Performance

  How has Solaris Oilfield Infrastructure performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Solaris Oilfield Infrastructure's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solaris Oilfield Infrastructure has delivered over 20% year on year earnings growth in the past 5 years.
  • Solaris Oilfield Infrastructure's 1-year earnings growth exceeds its 5-year average (427.4% vs 107.9%)
  • Solaris Oilfield Infrastructure's earnings growth has exceeded the US Energy Services industry average in the past year (427.4% vs 1%).
Earnings and Revenue History
Solaris Oilfield Infrastructure's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solaris Oilfield Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SOI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 216.30 47.62 16.56
2018-12-31 197.20 41.20 16.76
2018-09-30 165.06 30.55 17.61
2018-06-30 126.86 19.06 17.86
2018-03-31 93.09 9.03 16.90
2017-12-31 67.40 3.39 14.29
2017-09-30 49.48 4.45 10.66
2017-06-30 35.75 3.88 7.72
2017-03-31 25.34 2.93 5.74
2016-12-31 18.16 2.80 5.16
2016-09-30 13.45 -0.69 4.89
2015-12-31 14.21 -1.37 6.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Solaris Oilfield Infrastructure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Solaris Oilfield Infrastructure used its assets more efficiently than the US Energy Services industry average last year based on Return on Assets.
  • Solaris Oilfield Infrastructure has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Solaris Oilfield Infrastructure's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solaris Oilfield Infrastructure has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SOI Health

 How is Solaris Oilfield Infrastructure's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Solaris Oilfield Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solaris Oilfield Infrastructure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Solaris Oilfield Infrastructure's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Solaris Oilfield Infrastructure's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 350.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Solaris Oilfield Infrastructure Company Filings, last reported 3 months ago.

NYSE:SOI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 320.44 0.00 10.53
2018-12-31 307.43 13.00 25.94
2018-09-30 288.75 8.87 2.78
2018-06-30 263.09 1.21 6.20
2018-03-31 240.15 0.00 26.90
2017-12-31 241.56 0.00 63.68
2017-09-30 195.40 0.00 54.23
2017-06-30 186.57 0.00 71.46
2017-03-31 79.21 2.93 1.78
2016-12-31 71.35 2.80 3.68
2016-09-30 67.36 0.38 1.58
2015-12-31 67.47 0.27 6.92
  • Solaris Oilfield Infrastructure's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Solaris Oilfield Infrastructure's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (73332.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 278.9x coverage).
X
Financial health checks
We assess Solaris Oilfield Infrastructure's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solaris Oilfield Infrastructure has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SOI Dividends

 What is Solaris Oilfield Infrastructure's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.94%
Current annual income from Solaris Oilfield Infrastructure dividends. Estimated to be 3.03% next year.
If you bought $2,000 of Solaris Oilfield Infrastructure shares you are expected to receive $59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Solaris Oilfield Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Solaris Oilfield Infrastructure's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SOI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SOI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.48 1.00
2020-12-31 0.41 5.00
2019-12-31 0.40 5.00
NYSE:SOI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.400 2.709
2019-03-13 0.400 2.380
2018-12-06 0.400 2.851

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Solaris Oilfield Infrastructure has stable dividend payments.
  • Solaris Oilfield Infrastructure only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Solaris Oilfield Infrastructure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess Solaris Oilfield Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solaris Oilfield Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solaris Oilfield Infrastructure has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SOI Management

 What is the CEO of Solaris Oilfield Infrastructure's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Zartler
COMPENSATION $478,769
AGE 54
TENURE AS CEO 1 years
CEO Bio

Mr. William A. Zartler, also known as Bill, founded Solaris Oilfield Infrastructure, Inc. and has been its Chairman since February 2017 and has been its Chief Executive Officer since July 30, 2018. Mr. Zartler founded Solaris Energy Capital LLC in January 2013 and serves as its Managing Partner and sole member. He served as Chief Executive Officer and Chairman at Solaris LLC (predecessor of Solaris Oilfield Infrastructure LLC) from October 2014 to January 2017 and served as its Managing Partner since October 2014. He founded Loadcraft Site Services LLC and served as its Chief Executive Officer and Chairman from February 2014 to September 2014. He served as Chief Executive Officer at Solaris Oilfield Infrastructure LLC. He was the Founder, Managing Partner and Managing Director at Denham Capital Management LP. He focused on energy infrastructure investments like oil and gas investments at Denham Capital Management. He has 28 years of experience to Denham Capital. Mr. Zartler served as a Senior Managing Director at Sowood Capital Management LP. He was an Active Entrepreneur and Founder of Solaris Energy Services. He served as a Senior Vice President and General Manager at Dynegy Inc. and Feedstock Trading Manager and as a Business Analyst at Dow Hydrocarbons andResources. He serves as a Director of Galveston LNG, Inc., Greene’s Energy Group LLC, Cadre Services Inc., Kona Global Carbon LLC, Canboulay Energy Capital Ltd., Carisal Investment Holdings (BVI) Ltd., VitAG Holdings LLC and EthylChem Ltd. He serves as an Executive Director of Loadcraft Site Services LLC. He served as Director at MS Energy Services, Inc. and Multi-Shot, LLC. He served as a Director of NGL Energy Holdings LLC, the General Partner of NGL Energy Partners LP from September 2010 to August 7, 2013. Mr. Zartler received an M.B.A. from Texas A&M University, a B.S. in Mechanical Engineering from the University of Texas at Austin and has also completed the Stanford Business School Executive Program.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Solaris Oilfield Infrastructure management team in years:

1.9
Average Tenure
49
Average Age
  • The average tenure for the Solaris Oilfield Infrastructure management team is less than 2 years, this suggests a new team.
Management Team

Bill Zartler

TITLE
Founder
COMPENSATION
$479K
AGE
54
TENURE
1 yrs

Kyle Ramachandran

TITLE
CFO & President
COMPENSATION
$560K
AGE
34
TENURE
1 yrs

Kelly Price

TITLE
Chief Operating Officer
COMPENSATION
$605K
AGE
60
TENURE
2.3 yrs

Lindsay Bourg

TITLE
Chief Accounting Officer
AGE
41
TENURE
2.3 yrs

Cynthia Durrett

TITLE
Chief Administrative Officer & Director
AGE
54
TENURE
2.3 yrs

Yvonne Fletcher

TITLE
Senior Vice President of Finance & Investor Relations
TENURE
0.9 yrs

Christopher Powell

TITLE
Chief Legal Officer & Corporate Secretary
AGE
44
TENURE
1.9 yrs

Greg Garcia

TITLE
Executive Vice President of Sales & Marketing

Alfonso Olvera

TITLE
Senior Vice President of Software Solutions

Jonathan Scheiner

TITLE
Senior Vice President of Commercial & Strategy
Board of Directors Tenure

Average tenure and age of the Solaris Oilfield Infrastructure board of directors in years:

2.2
Average Tenure
65.5
Average Age
  • The average tenure for the Solaris Oilfield Infrastructure board of directors is less than 3 years, this suggests a new board.
Board of Directors

Cynthia Durrett

TITLE
Chief Administrative Officer & Director
AGE
54
TENURE
0.3 yrs

Jamie Burke

TITLE
Independent Director
COMPENSATION
$150K
AGE
81
TENURE
2.2 yrs

Bill Zartler

TITLE
Founder
COMPENSATION
$479K
AGE
54
TENURE
2.4 yrs

Bud Giesinger

TITLE
Independent Director
COMPENSATION
$170K
AGE
63
TENURE
2.2 yrs

F. Parker

TITLE
Independent Director
COMPENSATION
$160K
AGE
77
TENURE
2.2 yrs

William Keenan

TITLE
Independent Director
COMPENSATION
$150K
AGE
68
TENURE
2.2 yrs

Jim Teague

TITLE
Independent Director
COMPENSATION
$150K
AGE
74
TENURE
2.2 yrs

Ray Walker

TITLE
Independent Director
COMPENSATION
$123K
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Sep 18 Sell James Burke Individual 12. Sep 18 12. Sep 18 -7,170 $16.67 $-119,524
X
Management checks
We assess Solaris Oilfield Infrastructure's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solaris Oilfield Infrastructure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SOI News

Simply Wall St News

These Fundamentals Make Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Truly Worth Looking At

I've been keeping an eye on Solaris Oilfield Infrastructure, Inc. … NYSE:SOI Past and Future Earnings, May 25th 2019 SOI's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … NYSE:SOI Historical Debt, May 25th 2019 Next Steps: For Solaris Oilfield Infrastructure, I've compiled three relevant factors you should further research: Valuation: What is SOI worth today?

Simply Wall St -

An Intrinsic Calculation For Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Suggests It's 48% Undervalued

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $68.37 $80.70 $90.69 $99.30 $106.70 $113.15 $118.86 $124.03 $128.82 $133.36 Growth Rate Estimate Source Analyst x6 Analyst x7 Est @ 12.38% Est @ 9.48% Est @ 7.46% Est @ 6.04% Est @ 5.05% Est @ 4.35% Est @ 3.87% Est @ 3.52% Present Value ($, Millions) Discounted @ 8.79% $62.85 $68.19 $70.44 $70.89 $70.03 $68.26 $65.91 $63.22 $60.36 $57.44 Present Value of 10-year Cash Flow (PVCF)= $657.58m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.8%. … NYSE:SOI Intrinsic value, May 10th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Who Has Been Buying Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Shares?

The Last 12 Months Of Insider Transactions At Solaris Oilfield Infrastructure. … In the last twelve months, the biggest single sale by an insider was when the Independent Director, James Burke, sold US$120k worth of shares at a price of US$16.67 per share. … Overall, Solaris Oilfield Infrastructure insiders were net buyers last year

Simply Wall St -

Is Solaris Oilfield Infrastructure, Inc.'s (NYSE:SOI) 28% ROE Better Than Average?

Solaris Oilfield Infrastructure has a ROE of 28%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.28 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Solaris Oilfield Infrastructure, Inc.’s (NYSE:SOI) 26% ROCE Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Does Solaris Oilfield Infrastructure, Inc.'s (NYSE:SOI) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Solaris Oilfield Infrastructure, Inc.'s (NYSE:SOI) P/E ratio and reflect on what it tells us about the company's share price. … Solaris Oilfield Infrastructure has a P/E ratio of 10.97, based on the last twelve months.

Simply Wall St -

Consider This Before Buying Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) For The 2.7% Dividend

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Let's take a look at Solaris Oilfield Infrastructure in more detail. … View our latest analysis for Solaris Oilfield Infrastructure?

Simply Wall St -

Should You Take Comfort From Insider Transactions At Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)?

So before you buy or sell Solaris Oilfield Infrastructure, Inc. … Solaris Oilfield Infrastructure Insider Transactions Over The Last Year. … Overall, Solaris Oilfield Infrastructure insiders were net buyers last year

Simply Wall St -

Boasting A 24% Return On Equity, Is Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) A Top Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Solaris Oilfield Infrastructure, Inc. … Over the last twelve months Solaris Oilfield Infrastructure has recorded a ROE of 24%.

Simply Wall St -

Here's What Solaris Oilfield Infrastructure Inc's (NYSE:SOI) P/E Ratio Is Telling Us

We'll show how you can use Solaris Oilfield Infrastructure Inc's (NYSE:SOI) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Solaris Oilfield Infrastructure's P/E ratio is 9.18. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

SOI Company Info

Description

Solaris Oilfield Infrastructure, Inc. manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites. It also provides trained personnel and last mile proppant logistics services; transloading and forward staging storage services; and Railtronix, a real-time inventory management software. The company serves oil and natural gas exploration and production, and oilfield service companies. Solaris Oilfield Infrastructure, Inc. was founded in 2014 and is based in Houston, Texas.

Details
Name: Solaris Oilfield Infrastructure, Inc.
SOI
Exchange: NYSE
Founded: 2014
$681,931,597
$425,715,613
47,587,690
Website: http://www.solarisoilfield.com
Address: Solaris Oilfield Infrastructure, Inc.
9811 Katy Freeway,
Suite 700,
Houston,
Texas, 77024,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SOI Class A Common Stock New York Stock Exchange US USD 12. May 2017
DB 68S Class A Common Stock Deutsche Boerse AG DE EUR 12. May 2017
Number of employees
Current staff
Staff numbers
382
Solaris Oilfield Infrastructure employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:57
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/14
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.