Nine Energy Service Stock Current Asset
| NINE Stock | USD 1.45 0.19 15.08% |
Nine Energy Service fundamentals help investors to digest information that contributes to Nine Energy's financial success or failures. It also enables traders to predict the movement of Nine Stock. The fundamental analysis module provides a way to measure Nine Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nine Energy stock.
The current year's Non Current Assets Total is expected to grow to about 340.9 M. The current year's Other Current Assets is expected to grow to about 12.7 M. Nine | Current Asset |
Nine Energy Service Company Current Asset Analysis
Nine Energy's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Nine Energy Current Asset | 96.02 M |
Most of Nine Energy's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nine Energy Service is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nine Current Asset Historical Pattern
Today, most investors in Nine Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nine Energy's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Nine Energy current asset as a starting point in their analysis.
Nine Energy Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Nine Total Assets
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In accordance with the recently published financial statements, Nine Energy Service has a Current Asset of 96.02 M. This is 98.65% lower than that of the Energy Equipment & Services sector and 95.55% lower than that of the Energy industry. The current asset for all United States stocks is 98.97% higher than that of the company.
Nine Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nine Energy's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nine Energy could also be used in its relative valuation, which is a method of valuing Nine Energy by comparing valuation metrics of similar companies.Nine Energy is currently under evaluation in current asset category among its peers.
Nine Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nine Energy from analyzing Nine Energy's financial statements. These drivers represent accounts that assess Nine Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nine Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 550.2M | 229.2M | 80.9M | 449.4M | 89.2M | 84.7M | |
| Enterprise Value | 914.6M | 531.5M | 396.3M | 809.8M | 424.7M | 756.1M |
Nine Fundamentals
| Return On Equity | -5.83 | ||||
| Return On Asset | 0.0141 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 390.46 M | ||||
| Shares Outstanding | 42.36 M | ||||
| Shares Owned By Insiders | 28.65 % | ||||
| Shares Owned By Institutions | 46.71 % | ||||
| Number Of Shares Shorted | 3.08 M | ||||
| Price To Earning | 15.87 X | ||||
| Price To Book | 5.01 X | ||||
| Price To Sales | 0.1 X | ||||
| Revenue | 609.53 M | ||||
| Gross Profit | 136.29 M | ||||
| EBITDA | 72.67 M | ||||
| Net Income | (32.21 M) | ||||
| Cash And Equivalents | 22.41 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 366.32 M | ||||
| Current Ratio | 1.85 X | ||||
| Book Value Per Share | (1.36) X | ||||
| Cash Flow From Operations | 45.51 M | ||||
| Short Ratio | 4.22 X | ||||
| Earnings Per Share | (1.20) X | ||||
| Price To Earnings To Growth | (2.42) X | ||||
| Target Price | 1.0 | ||||
| Number Of Employees | 1.16 K | ||||
| Beta | 3.32 | ||||
| Market Capitalization | 53.38 M | ||||
| Total Asset | 401.98 M | ||||
| Retained Earnings | (826.23 M) | ||||
| Working Capital | 100.88 M | ||||
| Current Asset | 96.02 M | ||||
| Current Liabilities | 12.21 M | ||||
| Net Asset | 401.98 M |
About Nine Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nine Energy Service's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nine Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nine Energy Service based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports:Check out Nine Energy Piotroski F Score and Nine Energy Altman Z Score analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nine Energy. If investors know Nine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share 15.637 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0141 | Return On Equity (5.83) |
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.