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FTK

Flotek Industries NYSE:FTK Stock Report

Last Price

US$1.06

Market Cap

US$80.1m

7D

-4.5%

1Y

-40.8%

Updated

28 Jun, 2022

Data

Company Financials +
FTK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health2/6
Dividends0/6

FTK Stock Overview

Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally.

Flotek Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flotek Industries
Historical stock prices
Current Share PriceUS$1.06
52 Week HighUS$1.97
52 Week LowUS$0.53
Beta1.9
1 Month Change-20.90%
3 Month Change-20.30%
1 Year Change-40.78%
3 Year Change-66.88%
5 Year Change-88.33%
Change since IPO-64.78%

Recent News & Updates

May 23

Flotek Industries: A Transformational Point, But Wait!

Flotek has recently entered into a transformational agreement with ProFrac Holdings. The company has a weak balance sheet, unprofitable income statement, and negative cash flows. The book value has been on a decline for years and the stock is trading at 6.8 times its book value. I am neutral on the stock because even though the agreement has filled the stock with some upside, its lack of reliable financial performance makes it too risky.

Shareholder Returns

FTKUS ChemicalsUS Market
7D-4.5%-0.05%1.7%
1Y-40.8%-10.0%-20.4%

Return vs Industry: FTK underperformed the US Chemicals industry which returned -9% over the past year.

Return vs Market: FTK underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is FTK's price volatile compared to industry and market?
FTK volatility
FTK Average Weekly Movement11.5%
Chemicals Industry Average Movement7.1%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: FTK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: FTK's weekly volatility has decreased from 17% to 12% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985131John Gibsonhttps://www.flotekind.com

Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs.

Flotek Industries Fundamentals Summary

How do Flotek Industries's earnings and revenue compare to its market cap?
FTK fundamental statistics
Market CapUS$80.08m
Earnings (TTM)-US$32.95m
Revenue (TTM)US$44.38m

1.8x

P/S Ratio

-2.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTK income statement (TTM)
RevenueUS$44.38m
Cost of RevenueUS$41.29m
Gross ProfitUS$3.09m
Other ExpensesUS$36.04m
Earnings-US$32.95m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.44
Gross Margin6.96%
Net Profit Margin-74.25%
Debt/Equity Ratio278.1%

How did FTK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FTK 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/Revenue2.2x
Enterprise Value/EBITDA-4.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

FTK PS Ratio vs Peers
The above table shows the PS ratio for FTK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.7x
NTIC Northern Technologies International
1.3x11.8%US$88.5m
RYAM Rayonier Advanced Materials
0.1x2.1%US$165.4m
ADES Advanced Emissions Solutions
0.8xn/aUS$85.3m
BLGO BioLargo
16.6xn/aUS$48.6m
FTK Flotek Industries
1.8x77.7%US$80.1m

Price-To-Sales vs Peers: FTK is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

How does FTK's PE Ratio compare vs other companies in the US Chemicals Industry?

Price-To-Sales vs Industry: FTK is expensive based on its Price-To-Sales Ratio (1.8x) compared to the US Chemicals industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is FTK'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.

FTK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio9x

Price-To-Sales vs Fair Ratio: FTK is good value based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (9x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate FTK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FTK's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTK's PEG Ratio to determine if it is good value.


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Future Growth

How is Flotek Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


77.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FTK's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if FTK's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if FTK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FTK's revenue (77.7% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: FTK's revenue (77.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FTK's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Flotek Industries performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FTK is currently unprofitable.

Growing Profit Margin: FTK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FTK is unprofitable, and losses have increased over the past 5 years at a rate of 19.7% per year.

Accelerating Growth: Unable to compare FTK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FTK is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (30.2%).


Return on Equity

High ROE: FTK has a negative Return on Equity (-251.45%), as it is currently unprofitable.


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Financial Health

How is Flotek Industries's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FTK's short term assets ($57.9M) exceed its short term liabilities ($48.9M).

Long Term Liabilities: FTK's short term assets ($57.9M) exceed its long term liabilities ($10.2M).


Debt to Equity History and Analysis

Debt Level: FTK's net debt to equity ratio (88.6%) is considered high.

Reducing Debt: FTK's debt to equity ratio has increased from 17.8% to 278.1% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: FTK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FTK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.4% each year


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Dividend

What is Flotek Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FTK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FTK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FTK's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FTK has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

John Gibson (63 yo)

2.42yrs

Tenure

US$515,029

Compensation

Mr. John Willis Gibson, Jr., BSc Geology, MSc Geology has been the Chairman of the Board, Chairman and President at Flotek Industries, Inc. since January 1, 2019. He serves as President & CEO at Flotek Che...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD515.03K) is below average for companies of similar size in the US market ($USD752.76K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: FTK's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: FTK's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FTK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.


Top Shareholders

Company Information

Flotek Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Flotek Industries, Inc.
  • Ticker: FTK
  • Exchange: NYSE
  • Founded: 1985
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$80.082m
  • Shares outstanding: 74.84m
  • Website: https://www.flotekind.com

Number of Employees


Location

  • Flotek Industries, Inc.
  • 8846 North Sam Houston Pkwy West
  • Suite 150
  • Houston
  • Texas
  • 77064
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.