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Superior Drilling Products

AMEX:SDPI
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SDPI
AMEX
$25M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • Superior Drilling Products has significant price volatility in the past 3 months.
SDPI Share Price and Events
7 Day Returns
-0.7%
AMEX:SDPI
0.3%
US Energy Services
1.1%
US Market
1 Year Returns
-45.1%
AMEX:SDPI
-39.4%
US Energy Services
4.7%
US Market
SDPI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Superior Drilling Products (SDPI) -0.7% -10.2% -9.4% -45.1% -31.4% -84.6%
US Energy Services 0.3% 9.5% -17% -39.4% -48.3% -71.5%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • SDPI underperformed the Energy Services industry which returned -39.4% over the past year.
  • SDPI underperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
SDPI
Industry
5yr Volatility vs Market

SDPI Value

 Is Superior Drilling Products 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 Superior Drilling Products 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 Superior Drilling Products.

AMEX:SDPI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
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 AMEX:SDPI
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))
= 1.078 (1 + (1- 21%) (41.75%))
1.291
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.291 * 5.96%)
10.42%

Discounted Cash Flow Calculation for AMEX:SDPI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Superior Drilling Products 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.

AMEX:SDPI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.42%)
2020 2.00 Analyst x1 1.81
2021 2.13 Est @ 6.34% 1.74
2022 2.24 Est @ 5.26% 1.66
2023 2.34 Est @ 4.5% 1.57
2024 2.43 Est @ 3.97% 1.48
2025 2.52 Est @ 3.6% 1.39
2026 2.60 Est @ 3.34% 1.30
2027 2.69 Est @ 3.15% 1.21
2028 2.77 Est @ 3.03% 1.13
2029 2.85 Est @ 2.94% 1.06
Present value of next 10 years cash flows $14.37
AMEX:SDPI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.85 × (1 + 2.73%) ÷ (10.42% – 2.73%)
$38.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $38.03 ÷ (1 + 10.42%)10
$14.11
AMEX:SDPI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $14.37 + $14.11
$28.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $28.48 / 25.03
$1.14
AMEX:SDPI Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.14
Current discount Discount to share price of $0.99
= -1 x ($0.99 - $1.14) / $1.14
13.2%

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

Current Discount
Amount off the current price Superior Drilling Products is available for.
Intrinsic value
13%
Share price is $0.99 vs Future cash flow value of $1.14
Current Discount Checks
For Superior Drilling Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Superior Drilling Products's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Superior Drilling Products's share price is below the future cash flow value, but not 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 Superior Drilling Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Superior Drilling Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:SDPI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.01
AMEX:SDPI Share Price ** AMEX (2019-07-16) in USD $0.99
United States of America Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 20.42x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

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

** Primary Listing of Superior Drilling Products.

AMEX:SDPI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:SDPI Share Price ÷ EPS (both in USD)

= 0.99 ÷ -0.01

-91.02x

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

  • Superior Drilling Products is loss making, we can't compare its value to the US Energy Services industry average.
  • Superior Drilling Products is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Superior Drilling Products's expected growth come at a high price?
Raw Data
AMEX:SDPI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -91.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
155.1%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 0.55x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Superior Drilling Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Superior Drilling Products's assets?
Raw Data
AMEX:SDPI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.59
AMEX:SDPI Share Price * AMEX (2019-07-16) in USD $0.99
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.83x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
AMEX:SDPI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:SDPI Share Price ÷ Book Value per Share (both in USD)

= 0.99 ÷ 0.59

1.67x

* Primary Listing of Superior Drilling Products.

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

  • Superior Drilling Products is overvalued based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Superior Drilling Products'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. Superior Drilling Products has a total score of 0/6, 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.

SDPI Future Performance

 How is Superior Drilling Products expected to perform in the next 1 to 3 years based on estimates from 3 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
155.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Superior Drilling Products expected to grow at an attractive rate?
  • Superior Drilling Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Superior Drilling Products's earnings growth is expected to exceed the United States of America market average.
  • Superior Drilling Products's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:SDPI Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:SDPI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 155.1%
AMEX:SDPI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 15.8%
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
AMEX:SDPI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:SDPI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 25 7 2 3
2019-12-31 22 3 -1 3
AMEX:SDPI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 19 5 0
2018-12-31 18 5 0
2018-09-30 18 5 1
2018-06-30 18 5 1
2018-03-31 17 4 0
2017-12-31 16 2 0
2017-09-30 14 1 -2
2017-06-30 12 -1 -4
2017-03-31 9 -2 -7
2016-12-31 7 -2 -9
2016-09-30 8 -1 -16
2016-06-30 8 -1 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Superior Drilling Products's earnings are expected to grow significantly at over 20% yearly.
  • Superior Drilling Products's revenue is expected to grow by 15.8% 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
AMEX:SDPI 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 3 Analyst Estimates (S&P Global) See Below

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

AMEX:SDPI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.08 0.11 0.04 3.00
2019-12-31 -0.02 -0.01 -0.03 2.00
AMEX:SDPI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.01
2018-12-31 0.00
2018-09-30 0.02
2018-06-30 0.04
2018-03-31 0.01
2017-12-31 -0.01
2017-09-30 -0.09
2017-06-30 -0.17
2017-03-31 -0.35
2016-12-31 -0.48
2016-09-30 -0.90
2016-06-30 -0.95

*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 Superior Drilling Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Superior Drilling Products'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.
Superior Drilling Products 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.

SDPI Past Performance

  How has Superior Drilling Products 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 Superior Drilling Products'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.
  • Superior Drilling Products does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Superior Drilling Products's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Superior Drilling Products's 1-year growth to the US Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Superior Drilling Products'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 Superior Drilling Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:SDPI 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 18.68 -0.27 7.48
2018-12-31 18.25 -0.06 7.11
2018-09-30 18.49 0.51 6.89
2018-06-30 18.18 0.87 6.12
2018-03-31 16.83 0.18 5.93
2017-12-31 15.60 -0.28 5.73
2017-09-30 14.20 -2.11 5.46
2017-06-30 12.01 -3.87 5.68
2017-03-31 9.08 -7.27 5.98
2016-12-31 7.15 -9.13 5.78
2016-09-30 7.55 -15.75 5.46
2016-06-30 8.31 -16.52 6.00
2016-03-31 10.08 -15.66 6.25
2015-12-31 12.71 -14.46 7.01
2015-09-30 16.06 -5.37 7.48
2015-06-30 18.79 -4.09 8.76
2015-03-31 20.38 -2.53 8.51
2014-12-31 20.04 -0.62 7.50
2014-09-30 17.08 1.14 6.02
2014-06-30 14.33 2.34 3.69
2014-03-31 12.82 3.81 2.86
2013-12-31 11.92 3.67 2.17
2013-09-30 10.86 1.35 1.91
2012-12-31 9.96 2.19 1.26

*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.
  • It is difficult to establish if Superior Drilling Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Superior Drilling Products used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Superior Drilling Products improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Superior Drilling Products'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.
Superior Drilling Products has a total score of 0/6, 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.

SDPI Health

 How is Superior Drilling Products'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 Superior Drilling Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Superior Drilling Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Superior Drilling Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Superior Drilling Products'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 not covered by short term assets, assets are 0.8x 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 Superior Drilling Products Company Filings, last reported 3 months ago.

AMEX:SDPI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 14.82 10.32 4.35
2018-12-31 14.78 10.88 4.26
2018-09-30 15.97 10.96 4.28
2018-06-30 15.62 11.59 3.08
2018-03-31 14.51 12.20 2.18
2017-12-31 14.30 12.81 2.38
2017-09-30 14.97 13.61 2.71
2017-06-30 14.24 13.71 1.30
2017-03-31 13.76 13.82 1.03
2016-12-31 13.97 16.47 2.24
2016-09-30 16.30 19.39 0.33
2016-06-30 11.21 19.66 0.21
2016-03-31 14.19 19.69 0.77
2015-12-31 16.17 19.66 1.30
2015-09-30 25.28 20.19 1.93
2015-06-30 26.89 20.35 2.46
2015-03-31 29.08 22.96 5.77
2014-12-31 30.07 23.00 5.79
2014-09-30 30.09 21.53 5.96
2014-06-30 30.75 22.77 7.73
2014-03-31 28.29 22.86 4.54
2013-12-31 0.26 18.65 0.01
2013-09-30 -0.79 18.83 0.04
2012-12-31 -1.38 18.19 0.07
  • Superior Drilling Products's level of debt (69.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (84.5% vs 69.7% today).
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.

  • Whilst loss making Superior Drilling Products has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Superior Drilling Products has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -103.8% per year.
X
Financial health checks
We assess Superior Drilling Products'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. Superior Drilling Products has a total score of 5/6, 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.

SDPI Dividends

 What is Superior Drilling Products'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
0%
Current annual income from Superior Drilling Products dividends.
If you bought $2,000 of Superior Drilling Products shares you are expected to receive $0 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?
  • Unable to evaluate Superior Drilling Products's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Superior Drilling Products's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AMEX:SDPI 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 3 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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.

AMEX:SDPI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Superior Drilling Products has not reported any payouts.
  • Unable to verify if Superior Drilling Products's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Superior Drilling Products's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Superior Drilling Products has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Superior Drilling Products'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 Superior Drilling Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Superior Drilling Products has a total score of 0/6, see the detailed checks below.


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

SDPI Management

 What is the CEO of Superior Drilling Products'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
G. Meier
COMPENSATION $985,493
AGE 58
TENURE AS CEO 5.5 years
CEO Bio

Mr. G. Troy Meier is the Co-founder of Superior Drilling Products, Inc. and served as its Chief Innovator. Mr. Meier has been the Chief Executive Officer at Superior Drilling Products, Inc. since 2014. As Chief innovator, Mr. Meier has been responsible for inventing, designing, engineering and manufacturing industry specific machinery and processes and has several patent applications pending. Mr. Meier has over 33 years of experience in the oil and gas industry. Mr. Meier has spearheaded the development of manufacturing business conducted by SDF and research and development activities conducted by ET. Previously, in 1993, Mr. Meier started SDP’s predecessor, Rocky Mountain Diamond, after thirteen years with Christensen Diamond and its successors. At Christensen Diamond, Mr. Meier established overseas factories in Ireland, Venezuela and China. He also designed tools to improve efficiency both in the plants and in the field. Previously, Mr. Meier had been Christensen Diamond’s first drill bit fabricator specialist and served as the Northern Region design engineer responsible for designing drill bits, core systems, centric bits, nozzle systems and related products. He has been Chairman of Superior Drilling Products, Inc. since 2014.

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

Average tenure and age of the Superior Drilling Products management team in years:

5.4
Average Tenure
57
Average Age
  • The average tenure for the Superior Drilling Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

G. Meier

TITLE
Co-Founder
COMPENSATION
$985K
AGE
58
TENURE
5.5 yrs

Annette Meier

TITLE
Co-Founder
COMPENSATION
$835K
AGE
56
TENURE
5.5 yrs

Christopher Cashion

TITLE
Chief Financial Officer
COMPENSATION
$435K
AGE
63
TENURE
5.3 yrs

Tony Benjamin

TITLE
Human Resources Director
TENURE
0.7 yrs

David Gale

TITLE
Vice President of Operations
COMPENSATION
$97K
AGE
43
Board of Directors Tenure

Average tenure and age of the Superior Drilling Products board of directors in years:

5.5
Average Tenure
58
Average Age
  • The tenure for the Superior Drilling Products board of directors is about average.
Board of Directors

G. Meier

TITLE
Co-Founder
COMPENSATION
$985K
AGE
58
TENURE
5.5 yrs

Annette Meier

TITLE
Co-Founder
COMPENSATION
$835K
AGE
56
TENURE
5.5 yrs

Bob Iversen

TITLE
Lead Director
COMPENSATION
$194K
AGE
65
TENURE
2.6 yrs

Michael Ronca

TITLE
Independent Director
COMPENSATION
$151K
AGE
65
TENURE
5.5 yrs

Jim Lines

TITLE
Independent Director
COMPENSATION
$159K
AGE
58
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Dec 18 Sell Christopher Cashion Individual 06. Dec 18 06. Dec 18 -10,841 $1.61 $-17,404
X
Management checks
We assess Superior Drilling Products'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. Superior Drilling Products 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.

SDPI News

Simply Wall St News

Is Superior Drilling Products, Inc.'s (NYSEMKT:SDPI) CEO Salary Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … We looked at a group of companies with market capitalizations under US$200m, and the median CEO total compensation was US$471k. … Meier receives more in total compensation than the median of a group of companies in the same market, and of similar size to Superior Drilling Products, Inc..

Simply Wall St -

Those Who Purchased Superior Drilling Products (NYSEMKT:SDPI) Shares Five Years Ago Have A 84% Loss To Show For It

See our latest analysis for Superior Drilling Products Superior Drilling Products isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … AMEX:SDPI Income Statement, June 24th 2019 If you are thinking of buying or selling Superior Drilling Products stock, you should check out this FREE detailed report on its balance sheet. … If you would like to research Superior Drilling Products in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

Is Superior Drilling Products, Inc.'s (NYSEMKT:SDPI) Balance Sheet A Threat To Its Future?

(NYSEMKT:SDPI) with its market cap of US$28m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does Superior Drilling Products, Inc.'s (NYSEMKT:SDPI) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … Meier's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m.

Simply Wall St -

Could The Superior Drilling Products, Inc. (NYSEMKT:SDPI) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Superior Drilling Products, Inc. … Superior Drilling Products is a smaller company with a market capitalization of US$39m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company

Simply Wall St -

Why Superior Drilling Products, Inc.’s (NYSEMKT:SDPI) Return On Capital Employed Might Be A Concern

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Superior Drilling Products, Inc. (NYSEMKT:SDPI): Time For A Financial Health Check

(NYSEMKT:SDPI) is a small-cap stock with a market capitalization of US$26m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

A Closer Look At Superior Drilling Products Inc's (NYSEMKT:SDPI) Uninspiring ROE

We'll use ROE to examine Superior Drilling Products Inc (NYSEMKT:SDPI), by way of a worked example. … Superior Drilling Products has a ROE of 3.2%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Superior Drilling Products Inc's (NYSEMKT:SDPI) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … Meier's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Superior Drilling Products Inc has a market cap of US$88m, and is paying total annual CEO compensation of US$1m.

Simply Wall St -

Is Superior Drilling Products Inc (NYSEMKT:SDPI) Attractive At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Superior Drilling Products Inc (NYSEMKT:SDPI) trades with a trailing P/E of 53.1, which is higher than the industry average of 18.8. … Check out our latest analysis for Superior Drilling Products

Simply Wall St -

SDPI Company Info

Description

Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. The company manufactures and refurbishes polycrystalline diamond compact drill bits for an oil field services company. It offers Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system; V-Stream, an advanced conditioning system; and dedicated reamer stingers to optimize dedicated reamer operations. It serves oil and natural gas drilling industry. The company was formerly known as SD Company, Inc. and changed its name to Superior Drilling Products, Inc. in May 2014. Superior Drilling Products, Inc. was founded in 1999 and is headquartered in Vernal, Utah.

Details
Name: Superior Drilling Products, Inc.
SDPI
Exchange: AMEX
Founded: 1999
$24,724,336
25,034,768
Website: http://www.sdpi.com
Address: Superior Drilling Products, Inc.
1583 South 1700 East,
Vernal,
Utah, 84078,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX SDPI Common Stock NYSE MKT LLC US USD 23. May 2014
Number of employees
Current staff
Staff numbers
65
Superior Drilling Products employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:36
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/09
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.