NYSE:FTK

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent 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

Stable Share Price: FTK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.7%

FTK

-0.9%

US Chemicals

-1.5%

US Market


1 Year Return

30.9%

FTK

8.3%

US Chemicals

12.9%

US Market

Return vs Industry: FTK exceeded the US Chemicals industry which returned 8.3% over the past year.

Return vs Market: FTK exceeded the US Market which returned 12.9% over the past year.


Shareholder returns

FTKIndustryMarket
7 Day6.7%-0.9%-1.5%
30 Day31.6%4.8%-1.8%
90 Day181.2%15.5%6.6%
1 Year30.9%30.9%10.8%8.3%15.4%12.9%
3 Year-47.5%-47.5%22.2%-1.1%39.6%30.2%
5 Year-84.0%-84.0%89.2%47.2%93.4%71.7%

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?

1.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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 US 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

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 (1.8x) compared to the US Chemicals industry average (2.2x).


Next Steps

Future Growth

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

28.0%

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?

-64.8%

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 64.8% 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 (-18.6%).


Return on Equity

High ROE: FTK has a negative Return on Equity (-112.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Flotek Industries's financial position?


Financial Position Analysis

Short Term Liabilities: FTK's short term assets ($101.3M) exceed its short term liabilities ($21.6M).

Long Term Liabilities: FTK's short term assets ($101.3M) exceed its long term liabilities ($11.9M).


Debt to Equity History and Analysis

Debt Level: FTK's debt to equity ratio (5.2%) is considered satisfactory.

Reducing Debt: FTK's debt to equity ratio has reduced from 15.4% to 5.2% 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 sufficient cash runway for more than a year 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 55.3% each year


Next Steps

Dividend

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


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.


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

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

0.3yrs

Average management tenure


CEO

John Gibson (62 yo)

0.67

Tenure

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. Mr. Gibson serves as Senior Advisor of Pic ...


Leadership Team

NamePositionTenureCompensationOwnership
John Gibson
Chairman of the Board0.67yrno data1.24%
$ 2.3m
James Silas
Senior Vice President of Research & Innovation - Flotek Chemistry4.33yrsUS$511.85k0.36%
$ 684.8k
Michael Borton
Chief Financial Officer0.083yrno data0.86%
$ 1.6m
Glenn Penny
Director of Technologyno dataUS$238.08kno data
Nicholas Bigney
Senior VP0.58yrno data0.19%
$ 362.0k
Danielle Allen
Chief of Staff3.42yrsno data0.41%
$ 766.7k
Ryan Ezell
President of Chemistry Technologies0.083yrno data0.23%
$ 441.2k
Matthew Thomas
Executive VP of Flotek Analysis & Data and President of JP30.33yrno data0.73%
$ 1.4m
James Dixson
Senior Vice President of the Analysis & Data Division0.33yrno datano data
TengBeng Koid
President of Global Business0.25yrno data0.72%
$ 1.4m
Sally Cheadle
Vice President and Corporate Controllerno datano datano data

0.3yrs

Average Tenure

45yo

Average Age

Experienced Management: FTK's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
John Gibson
Chairman of the Board0.67yrno data1.24%
$ 2.3m
Harsha Agadi
Director0.083yrno data0.075%
$ 142.3k
Paul Hobby
Independent Director1.5yrsUS$126.36k0.25%
$ 476.8k
David Nierenberg
Lead Independent Directorno dataUS$179.67k0.22%
$ 423.7k
Ted Brown
Independent Director6.83yrsUS$180.00k0.29%
$ 540.5k
Kevin Brown
Director0.25yrno data0.14%
$ 260.3k
Michelle Adams
Independent Director3.67yrsUS$176.00k0.26%
$ 485.9k

1.1yrs

Average Tenure

62yo

Average Age

Experienced Board: FTK's board of directors are not considered experienced ( 1.1 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 23.6%.


Top Shareholders

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$188.827m
  • Shares outstanding: 69.68m
  • 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 the United States and internationally. The company designs, develops, manufactures, packs, markets, distributes, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 06:22
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.