Cactus
Market Cap
US$1.9b
Last Updated
2020/11/25 00:42 UTC
Data Sources
Company Financials +
Executive Summary
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. More Details
Rewards
Risk Analysis
No risks detected for WHD from our risk checks.
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Cactus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WHD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: WHD's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
5.9%
WHD
12.1%
US Energy Services
1.8%
US Market
1 Year Return
-14.8%
WHD
-31.5%
US Energy Services
20.4%
US Market
Return vs Industry: WHD exceeded the US Energy Services industry which returned -31.5% over the past year.
Return vs Market: WHD underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| WHD | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.9% | 12.1% | 1.8% |
| 30 Day | 39.2% | 42.1% | 6.0% |
| 90 Day | 14.7% | 22.5% | 6.8% |
| 1 Year | -13.5%-14.8% | -29.3%-31.5% | 23.2%20.4% |
| 3 Year | n/a | -55.8%-59.4% | 47.4%37.6% |
| 5 Year | n/a | -60.3%-67.2% | 91.9%70.8% |
Long-Term Price Volatility Vs. Market
How volatile is Cactus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
New Forecasts: Here's What Analysts Think The Future Holds For Cactus, Inc. (NYSE:WHD)3 weeks ago | Simply Wall St
Is Cactus, Inc.'s (NYSE:WHD) 2.1% Dividend Worth Your Time?1 month ago | Simply Wall St
Here's Why Cactus's (NYSE:WHD) Statutory Earnings Are Arguably Too ConservativeValuation
Is Cactus undervalued compared to its fair value and its price relative to the market?
25.01x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WHD ($26.05) is trading above our estimate of fair value ($24.84)
Significantly Below Fair Value: WHD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WHD is poor value based on its PE Ratio (25x) compared to the US Energy Services industry average (23.1x).
PE vs Market: WHD is poor value based on its PE Ratio (25x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: WHD is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: WHD is overvalued based on its PB Ratio (3.5x) compared to the US Energy Services industry average (0.7x).
Next Steps
Future Growth
How is Cactus forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
28.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WHD's forecast earnings growth (28% per year) is above the savings rate (2.2%).
Earnings vs Market: WHD's earnings (28% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WHD's revenue (12% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: WHD's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WHD's Return on Equity is forecast to be low in 3 years time (12.3%).
Next Steps
Past Performance
How has Cactus performed over the past 5 years?
32.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WHD has high quality earnings.
Growing Profit Margin: WHD's current net profit margins (11.7%) are lower than last year (13.5%).
Past Earnings Growth Analysis
Earnings Trend: WHD's earnings have grown significantly by 32.4% per year over the past 5 years.
Accelerating Growth: WHD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WHD had negative earnings growth (-41.6%) over the past year, making it difficult to compare to the Energy Services industry average (-38.2%).
Return on Equity
High ROE: WHD's Return on Equity (15.4%) is considered low.
Next Steps
Financial Health
How is Cactus's financial position?
Financial Position Analysis
Short Term Liabilities: WHD's short term assets ($411.9M) exceed its short term liabilities ($48.0M).
Long Term Liabilities: WHD's short term assets ($411.9M) exceed its long term liabilities ($216.9M).
Debt to Equity History and Analysis
Debt Level: WHD is debt free.
Reducing Debt: WHD had no debt 5 years ago.
Debt Coverage: WHD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WHD has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Cactus's current dividend yield, its reliability and sustainability?
1.38%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WHD's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: WHD's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether WHD's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if WHD's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.6%), WHD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WHD's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.8yrs
Average management tenure
CEO
Scott Bender (66 yo)
9.83yrs
Tenure
US$2,163,931
Compensation
Mr. Scott Bender has been President, Chief Executive Officer and Director of Cactus, Inc. since 2011. He is the President and Chief Executive Officer of Cactus Wellhead, LLC. Mr. Bender founded Cactus LLC....
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD2.16M) is below average for companies of similar size in the US market ($USD4.16M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.83yrs | US$2.16m | 0.078% $ 1.5m | |
| CFO, VP & Treasurer | 1.67yrs | US$2.03m | 0.12% $ 2.3m | |
| Senior VP | 9.83yrs | US$2.16m | 0.076% $ 1.4m | |
| General Counsel & VP of Administration | no data | US$926.05k | 0.016% $ 289.0k | |
| Vice President of Operations | 9.83yrs | US$1.17m | 0.041% $ 769.1k | |
| Chief Accounting Officer & Corporate Controller | 0.92yr | no data | no data | |
| Director of Corporate Development & Investor Relations | no data | no data | no data |
9.8yrs
Average Tenure
59yo
Average Age
Experienced Management: WHD's management team is seasoned and experienced (9.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.83yrs | US$2.16m | 0.078% $ 1.5m | |
| Senior VP | 9.83yrs | US$2.16m | 0.076% $ 1.4m | |
| Independent Director | 9.83yrs | US$199.97k | 0.017% $ 310.6k | |
| Independent Director | 2.83yrs | US$194.97k | 0.073% $ 1.4m | |
| Chairman of the Board | 9.83yrs | US$199.97k | no data | |
| Lead Independent Director | no data | US$199.97k | 0.017% $ 310.6k | |
| Independent Non-Executive Director | 3.58yrs | US$204.97k | 0.090% $ 1.7m | |
| Independent Director | 0.83yr | no data | no data |
9.8yrs
Average Tenure
67yo
Average Age
Experienced Board: WHD's board of directors are considered experienced (9.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cactus, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cactus, Inc.
- Ticker: WHD
- Exchange: NYSE
- Founded: 2011
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: US$1.860b
- Market Cap: US$1.239b
- Shares outstanding: 75.36m
- Website: https://www.cactuswhd.com
Number of Employees
Location
- Cactus, Inc.
- 920 Memorial City Way
- Suite 300
- Houston
- Texas
- 77024
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WHD | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Feb 2018 |
| 43C | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Feb 2018 |
Biography
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company’s principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink systems...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 00:42 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| 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.