| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
WHD Stock Overview
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia.
Cactus Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.42 |
| 52 Week High | US$64.18 |
| 52 Week Low | US$31.65 |
| Beta | 1.98 |
| 1 Month Change | 2.41% |
| 3 Month Change | -11.79% |
| 1 Year Change | 12.78% |
| 3 Year Change | 45.45% |
| 5 Year Change | n/a |
| Change since IPO | 99.61% |
Recent News & Updates
Cactus' (NYSE:WHD) Dividend Will Be $0.11
Cactus, Inc. ( NYSE:WHD ) has announced that it will pay a dividend of $0.11 per share on the 15th of September. This...
Cactus Non-GAAP EPS of $0.44 beats by $0.08, revenue of $170.22M beats by $9.11M
Cactus press release (NYSE:WHD): Q2 Non-GAAP EPS of $0.44 beats by $0.08. Revenue of $170.22M (+56.3% Y/Y) beats by $9.11M. Adjusted net income margin of 19.6%. Adjusted EBITDA and Adjusted EBITDA margin of $55.5M and 32.6%, respectively. Cash flow from operations of $31.0M.
Shareholder Returns
| WHD | US Energy Services | US Market | |
|---|---|---|---|
| 7D | -0.8% | -4.1% | 0.3% |
| 1Y | 12.8% | 22.6% | -13.5% |
Return vs Industry: WHD underperformed the US Energy Services industry which returned 24.5% over the past year.
Return vs Market: WHD exceeded the US Market which returned -13% over the past year.
Price Volatility
| WHD volatility | |
|---|---|
| WHD Average Weekly Movement | 7.7% |
| Energy Services Industry Average Movement | 9.6% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: WHD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WHD's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 1,000 | Scott Bender | https://www.cactuswhd.com |
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company’s principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, repair, and safe handling of the wellhead and pressure control equipment; and repair and refurbishment services.
Cactus Fundamentals Summary
| WHD fundamental statistics | |
|---|---|
| Market Cap | US$3.05b |
| Earnings (TTM) | US$75.40m |
| Revenue (TTM) | US$561.39m |
32.5x
P/E Ratio4.4x
P/S RatioIs WHD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WHD income statement (TTM) | |
|---|---|
| Revenue | US$561.39m |
| Cost of Revenue | US$385.84m |
| Gross Profit | US$175.55m |
| Other Expenses | US$100.15m |
| Earnings | US$75.40m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.24 |
| Gross Margin | 31.27% |
| Net Profit Margin | 13.43% |
| Debt/Equity Ratio | 0% |
How did WHD perform over the long term?
See historical performance and comparisonDividends
1.1%
Current Dividend Yield33%
Payout RatioDoes WHD pay a reliable dividends?
See WHD dividend history and benchmarks| Cactus dividend dates | |
|---|---|
| Ex Dividend Date | Aug 26 2022 |
| Dividend Pay Date | Sep 15 2022 |
| Days until Ex dividend | 16 days |
| Days until Dividend pay date | 36 days |
Does WHD pay a reliable dividends?
See WHD dividend history and benchmarksValuation
Is WHD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WHD?
Other financial metrics that can be useful for relative valuation.
| What is WHD's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.05b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.1x |
| Enterprise Value/EBITDA | 14.6x |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does WHD's PE Ratio compare to its peers?
| WHD PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 50.5x | ||
PFHC ProFrac Holding | 96.4x | 93.9% | US$2.5b |
NEX NexTier Oilfield Solutions | 48.4x | 60.3% | US$2.1b |
RES RPC | 20.4x | 27.2% | US$1.6b |
AROC Archrock | 36.7x | 15.8% | US$1.2b |
WHD Cactus | 32.5x | 36.5% | US$3.1b |
Price-To-Earnings vs Peers: WHD is good value based on its Price-To-Earnings Ratio (32.5x) compared to the peer average (50.5x).
Price to Earnings Ratio vs Industry
How does WHD's PE Ratio compare vs other companies in the US Energy Services Industry?
Price-To-Earnings vs Industry: WHD is good value based on its Price-To-Earnings Ratio (32.5x) compared to the US Energy Services industry average (33.5x)
Price to Earnings Ratio vs Fair Ratio
What is WHD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 32.5x |
| Fair PE Ratio | 25.9x |
Price-To-Earnings vs Fair Ratio: WHD is expensive based on its Price-To-Earnings Ratio (32.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).
Share Price vs Fair Value
What is the Fair Price of WHD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WHD ($40.42) is trading below our estimate of fair value ($97.92)
Significantly Below Fair Value: WHD is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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Future Growth
How is Cactus forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
36.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WHD's forecast earnings growth (36.5% per year) is above the savings rate (1.9%).
Earnings vs Market: WHD's earnings (36.5% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: WHD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WHD's revenue (11.3% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: WHD's revenue (11.3% 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 high in 3 years time (23%)
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Past Performance
How has Cactus performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WHD has high quality earnings.
Growing Profit Margin: WHD's current net profit margins (13.4%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: WHD has become profitable over the past 5 years, growing earnings by -2% per year.
Accelerating Growth: WHD's earnings growth over the past year (140.2%) exceeds its 5-year average (-2% per year).
Earnings vs Industry: WHD earnings growth over the past year (140.2%) underperformed the Energy Services industry 140.2%.
Return on Equity
High ROE: WHD's Return on Equity (15.6%) is considered low.
Discover strong past performing companies
Financial Health
How is Cactus's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: WHD's short term assets ($594.5M) exceed its short term liabilities ($113.6M).
Long Term Liabilities: WHD's short term assets ($594.5M) exceed its long term liabilities ($312.7M).
Debt to Equity History and Analysis
Debt Level: WHD is debt free.
Reducing Debt: WHD currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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
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Dividend
What is Cactus's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.09%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WHD's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: WHD's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WHD has been paying a dividend for less than 10 years.
Growing Dividend: WHD's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33%), WHD's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.8%), WHD's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Scott Bender (68 yo)
11.58yrs
Tenure
US$2,031,846
Compensation
Mr. Scott J. Bender has been President, Chief Executive Officer and Director of Cactus, Inc. since 2011. He is the President and Chief Executive Officer of Cactus Wellhead, LLC. Mr. Bender founded Cactus L...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD2.03M) is below average for companies of similar size in the US market ($USD6.59M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: WHD's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: WHD's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WHD 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
Cactus, Inc.'s 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$3.055b
- Market Cap: US$2.450b
- Shares outstanding: 75.88m
- Website: https://www.cactuswhd.com
Number of Employees
Location
- Cactus, Inc.
- 920 Memorial City Way
- Suite 300
- Houston
- Texas
- 77024
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/09 00:00 |
| End of Day Share Price | 2022/08/09 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.