Flotek Industries, Inc. provides chemistry and services to the oil and gas industries in the United States and internationally.
Flawless balance sheet and overvalued.
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.
7 Day Return
1 Year Return
Return vs Industry: FTK underperformed the US Chemicals industry which returned -6.1% over the past year.
Return vs Market: FTK underperformed the US Market which returned 4.8% over the past year.
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
1 month ago | Simply Wall StDid Changing Sentiment Drive Flotek Industries' (NYSE:FTK) Share Price Down A Painful 92%?
2 months ago | Simply Wall StDo Directors Own Flotek Industries, Inc. (NYSE:FTK) Shares?
3 months ago | Simply Wall StIs Flotek Industries (NYSE:FTK) In A Good Position To Deliver On Growth Plans?
Is Flotek Industries undervalued compared to its fair value and its price relative to the market?
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 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 (0.7x) compared to the US Chemicals industry average (2x).
How is Flotek Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Flotek Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Flotek Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Flotek Industries performed over the past 5 years?
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 -68.2% 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 (-11.3%).
Return on Equity
High ROE: FTK has a negative Return on Equity (-115.44%), as it is currently unprofitable.
How is Flotek Industries's financial position?
Financial Position Analysis
Short Term Liabilities: FTK's short term assets ($126.2M) exceed its short term liabilities ($18.2M).
Long Term Liabilities: FTK's short term assets ($126.2M) exceed its long term liabilities ($9.9M).
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 13.6%.
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 3 years based on its current free cash flow.
Forecast Cash Runway: FTK has sufficient cash runway for 3 years if free cash flow continues to reduce at historical rates of 57.2% each year.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Gibson (62yo)
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 ...
|Chairman of the Board||0.50yr||no data||1.25% $1.1m|
|Senior Vice President of Research & Innovation - Flotek Chemistry||4.17yrs||US$511.85k||0.37% $323.5k|
|Senior Vice President of Operations||0.33yr||no data||0.24% $208.4k|
|Director of Technology||no data||US$238.08k||no data|
|Senior VP||0.42yr||no data||0.19% $171.0k|
|Senior VP & Chief of Staff||0.17yr||no data||0.41% $362.1k|
|Executive VP of Flotek Analysis & Data and President of JP3||0.17yr||no data||0.67% $589.5k|
|Senior Vice President of the Analysis & Data Division||0.17yr||no data||no data|
|President of Global Business||0.083yr||no data||no data|
|Vice President and Corporate Controller||no data||no data||no data|
Experienced Management: FTK's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Chairman of the Board||0.50yr||no data||1.25% $1.1m|
|Independent Director||1.33yrs||US$126.36k||0.23% $199.6k|
|Lead Independent Director||no data||US$179.67k||0.23% $200.1k|
|Independent Director||6.67yrs||US$180.00k||0.29% $255.3k|
|Director||0.083yr||no data||0.14% $122.9k|
|Independent Director||3.5yrs||US$176.00k||0.26% $229.5k|
Experienced Board: FTK's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.6%.
Flotek Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Flotek Industries, Inc.
- Ticker: FTK
- Exchange: NYSE
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$88.066m
- Shares outstanding: 68.80m
- Website: https://www.flotekind.com
Number of Employees
- Flotek Industries, Inc.
- 10603 West Sam Houston Parkway North
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FTK||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 2001|
|F2I||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2001|
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 delivers reservoir-centric fluid systems, including specialty and conventional chemistries for use in oil and gas well drilling, cementing, completion, remediation, and stimulation activities, as well as use in enhanced and improved oil recovery markets under the Complex nano-Fluid, Pressure reducing Fluids, and MicroSolv brand names. It is also involved in the construction and management of automated material handling facilities; and management of loading facilities and blending operations for oilfield service companies. The company serves integrated oil and natural gas, oilfield service, independent oil and natural gas, pressure pumping service, international supply chain management, and national and state-owned oil companies. It sells its products directly through its sales force and contractual agency arrangements, as well as through third party agents. Flotek Industries, Inc. is based in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 00:05|
|End of Day Share Price||2020/07/02 00:00|
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.