NYSE:FTK

Stock Analysis Report

Executive Summary

Flotek Industries, Inc. provides chemistry and services to the oil and gas industries in then United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Flotek Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

FTK

2.2%

US Chemicals

1.3%

US Market


1 Year Return

-5.5%

FTK

-7.5%

US Chemicals

5.9%

US Market

Return vs Industry: FTK matched the US Chemicals industry which returned -7.5% over the past year.

Return vs Market: FTK underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

FTKIndustryMarket
7 Day0.5%2.2%1.3%
30 Day-15.8%-3.6%-1.9%
90 Day-31.4%-2.8%-1.8%
1 Year-5.5%-5.5%6.3%-7.5%8.3%5.9%
3 Year-85.0%-85.0%41.6%15.6%45.6%36.2%
5 Year-90.5%-90.5%43.5%12.4%66.1%47.9%

Price Volatility Vs. Market

How volatile is Flotek Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flotek Industries undervalued compared to its fair value and its price relative to the market?

0.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate FTK's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FTK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FTK is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.

PE vs Market: FTK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FTK is good value based on its PB Ratio (0.5x) compared to the US Chemicals industry average (2x).


Next Steps

Future Growth

How is Flotek Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Flotek Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Flotek Industries performed over the past 5 years?

-76.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FTK is unprofitable, and losses have increased over the past 5 years at a rate of -76.9% 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 (-2%).


Return on Equity

High ROE: FTK has a negative Return on Equity (-10.51%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FTK is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FTK is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Flotek Industries's financial position?


Financial Position Analysis

Short Term Liabilities: FTK's short term assets ($179.2M) exceeds its short term liabilities ($23.6M)

Long Term Liabilities: FTK's short term assets (179.2M) exceeds its long term liabilities (18.6M)


Debt to Equity History and Analysis

Debt Level: FTK is debt free.

Reducing Debt: FTK has no debt compared to 5 years ago when its debt to equity ratio was 18.8%.

Debt Coverage: FTK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FTK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: FTK has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FTK's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FTK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Flotek Industries's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

John Chisholm (64yo)

7.6yrs

Tenure

US$1,794,367

Compensation

Mr. John William Chisholm, serves as the President of Florida Chemical Company, Inc. Mr. Chisholm serves as the Chief Executive Officer of CESI Manufacturing, LLC. Mr. Chisholm serves as an Advisor at Iroq ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD1.79M) is above average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Management Age and Tenure

0.8yrs

Average Tenure

66.5yo

Average Age

Experienced Management: FTK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: FTK's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$284,41816 Sep 19
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Max PriceUS$2.54
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Max PriceUS$2.45
BuyUS$400,45711 Jun 19
Nierenberg Investment Management Company, Inc.
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Max PriceUS$3.68
BuyUS$645,61006 Jun 19
Nierenberg Investment Management Company, Inc.
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BuyUS$2,710,00706 Jun 19
North Sound Management, Inc.
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Shares800,000
Max PriceUS$3.56
BuyUS$316,22903 Jun 19
Nierenberg Investment Management Company, Inc.
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Shares101,250
Max PriceUS$3.19
BuyUS$2,471,83710 May 19
North Sound Management, Inc.
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Shares700,000
Max PriceUS$3.65

Ownership Breakdown


Management Team

  • John Chisholm (64yo)

    President

    • Tenure: 7.6yrs
    • Compensation: US$1.79m
  • Glenn Penny (69yo)

    Director of Technology

    • Tenure: 0yrs
    • Compensation: US$238.08k
  • Elizabeth Wilkinson (61yo)

    Chief Financial Officer

    • Tenure: 0.8yrs
    • Compensation: US$63.60k
  • Casey Doherty

    Corporate Secretary

    • Tenure: 0yrs
  • Bob Fielding

    Senior VP of Data & Cognitive Impact

    • Tenure: 0yrs
  • Rich Walton (70yo)

    Consultant

    • Tenure: 0.8yrs
    • Compensation: US$1.47m
  • James Silas

    Senior Vice President of Research & Innovation - Flotek Chemistry

    • Tenure: 0yrs
  • Danielle Allen

    Senior Vice President of Global Communications & Technology Commercialization

    • Tenure: 2.5yrs
  • Sally Cheadle

    Vice President and Corporate Controller

    • Tenure: 0yrs
  • Mark Lewis

    Senior Vice President of Global Sales & Business Development

    • Tenure: 0.5yrs

Board Members

  • John Chisholm (64yo)

    President

    • Tenure: 7.6yrs
    • Compensation: US$1.79m
  • William Hobby (58yo)

    Independent Director

    • Tenure: 0.6yrs
  • Mel Cooper (65yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$210.50k
  • Dem Nierenberg (66yo)

    Independent Chairman

    • Tenure: 0.5yrs
    • Compensation: US$162.33k
  • Ted Brown (63yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$202.44k
  • Bud McGuire (76yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$204.70k
  • Michelle Adams (48yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$197.07k

Company Information

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


Key Information

  • Name: Flotek Industries, Inc.
  • Ticker: FTK
  • Exchange: NYSE
  • Founded:
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$117.267m
  • Shares outstanding: 56.38m
  • Website: https://www.flotekind.com

Number of Employees


Location

  • Flotek Industries, Inc.
  • 10603 West Sam Houston Parkway North
  • Suite 300
  • Houston
  • Texas
  • 77064
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTKNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2001
F2IDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2001

Biography

Flotek Industries, Inc. provides chemistry and services to the oil and gas industries in then United States and internationally. The company designs, develops, manufactures, packs, markets, distributes, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:34
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.