Independence Contract Drilling Valuation

Q: What is the Fair Price of ICDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ICDI ($0.45) is trading below our estimate of [[fair value]] ($11.15)

Is ICDI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ICDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ICDI ($0.45) is trading below our estimate of fair value ($11.15)

Significantly Below Fair Value: ICDI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICDI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ICDI. This is calculated by dividing ICDI's market cap by their current preferred multiple.
What is ICDI's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$6.46m

ICDI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	4.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ICDI's PS Ratio compare to its peers?

The above table shows the PS ratio for ICDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
VTDR.F Vantage Drilling International	1.4x	n/a	US$359.0m
ENSV Enservco	0.2x	26.3%	US$5.7m
MIND MIND Technology	0.1x	16.3%	US$5.2m
SMGI SMG Industries	0.04x	n/a	US$3.9m
ICDI Independence Contract Drilling	0.04x	0.2%	US$6.5m

Price-To-Sales vs Peers: ICDI is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.5x).

Price to Earnings Ratio vs Industry

How does ICDI's PE Ratio compare vs other companies in the US Energy Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.4%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: ICDI is good value based on its Price-To-Sales Ratio (0x) compared to the US Energy Services industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is ICDI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICDI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.04x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: ICDI is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.