Precision Drilling Stock Beta

PDS Stock

USD 54.62 1.14 2.04%

Precision Drilling fundamentals help investors to digest information that contributes to Precision Drilling's financial success or failures. It also enables traders to predict the movement of Precision Stock. The fundamental analysis module provides a way to measure Precision Drilling'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 Precision Drilling stock.

Short Long Term Debt Total Total Assets

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Precision Drilling Company Beta Analysis

Precision Drilling's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Precision Drilling Beta

2.69

Most of Precision Drilling's fundamental indicators, such as Beta, 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, Precision Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Precision Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Precision Drilling is extremely important. It helps to project a fair market value of Precision Stock properly, considering its historical fundamentals such as Beta. Since Precision Drilling's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Precision Drilling's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Precision Drilling's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Net Tangible Assets	Long Term Debt	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.71	0.28	0.83	0.78	0.98	0.83	0.46	-0.88	0.42	0.3	0.76	0.34	-0.23	0.46	0.72	0.95	-0.76	0.36	-0.37	0.36	0.35	-0.01
Total Stockholder Equity	0.97		0.6	0.34	0.83	0.85	0.91	0.82	0.49	-0.91	0.44	0.29	0.62	0.3	-0.2	0.49	0.71	0.9	-0.74	0.33	-0.34	0.31	0.33	0.09
Net Debt	0.71	0.6		-0.24	0.31	0.24	0.77	0.26	0.1	-0.53	-0.03	0.57	0.93	0.68	-0.2	0.1	0.73	0.85	-0.73	0.01	-0.05	0.17	0.19	-0.15
Retained Earnings	0.28	0.34	-0.24		0.58	0.38	0.23	0.45	0.53	-0.15	0.9	-0.34	0.01	-0.22	-0.57	0.53	-0.38	0.18	0.36	0.91	-0.88	0.81	0.74	-0.14
Accounts Payable	0.83	0.83	0.31	0.58		0.88	0.8	0.91	0.59	-0.66	0.62	0.07	0.44	0.1	-0.29	0.59	0.37	0.67	-0.43	0.58	-0.58	0.53	0.5	-0.05
Net Receivables	0.78	0.85	0.24	0.38	0.88		0.69	0.85	0.51	-0.74	0.39	0.17	0.25	0.08	0.04	0.51	0.56	0.6	-0.56	0.26	-0.26	0.2	0.22	0.28
Total Liab	0.98	0.91	0.77	0.23	0.8	0.69		0.8	0.41	-0.83	0.39	0.29	0.84	0.37	-0.24	0.41	0.69	0.95	-0.74	0.36	-0.38	0.39	0.36	-0.1
Total Current Assets	0.83	0.82	0.26	0.45	0.91	0.85	0.8		0.51	-0.75	0.48	-0.02	0.41	-0.06	-0.1	0.51	0.45	0.63	-0.49	0.42	-0.4	0.32	0.3	0.08
Short Term Debt	0.46	0.49	0.1	0.53	0.59	0.51	0.41	0.51		-0.34	0.36	0.45	0.1	0.43	-0.15	1.0	0.1	0.29	-0.1	0.4	-0.36	0.32	0.26	-0.1
Intangible Assets	-0.88	-0.91	-0.53	-0.15	-0.66	-0.74	-0.83	-0.75	-0.34		-0.28	-0.23	-0.52	-0.2	-0.09	-0.35	-0.74	-0.81	0.78	-0.12	0.15	-0.06	-0.01	-0.13
Good Will	0.42	0.44	-0.03	0.9	0.62	0.39	0.39	0.48	0.36	-0.28		-0.38	0.21	-0.16	-0.63	0.37	-0.2	0.36	0.15	0.92	-0.91	0.88	0.75	-0.32
Net Tangible Assets	0.3	0.29	0.57	-0.34	0.07	0.17	0.29	-0.02	0.45	-0.23	-0.38		0.33	0.92	0.16	0.45	0.49	0.33	-0.47	-0.35	0.3	-0.24	-0.15	0.12
Long Term Debt	0.76	0.62	0.93	0.01	0.44	0.25	0.84	0.41	0.1	-0.52	0.21	0.33		0.49	-0.38	0.11	0.55	0.89	-0.58	0.29	-0.33	0.41	0.41	-0.22
Deferred Long Term Liab	0.34	0.3	0.68	-0.22	0.1	0.08	0.37	-0.06	0.43	-0.2	-0.16	0.92	0.49		-0.12	0.43	0.45	0.43	-0.41	-0.14	0.09	0.04	0.07	-0.12
Long Term Investments	-0.23	-0.2	-0.2	-0.57	-0.29	0.04	-0.24	-0.1	-0.15	-0.09	-0.63	0.16	-0.38	-0.12		-0.16	0.2	-0.31	-0.17	-0.72	0.67	-0.81	-0.89	0.44
Short Long Term Debt	0.46	0.49	0.1	0.53	0.59	0.51	0.41	0.51	1.0	-0.35	0.37	0.45	0.11	0.43	-0.16		0.09	0.3	-0.1	0.41	-0.38	0.33	0.27	-0.11
Common Stock	0.72	0.71	0.73	-0.38	0.37	0.56	0.69	0.45	0.1	-0.74	-0.2	0.49	0.55	0.45	0.2	0.09		0.71	-0.96	-0.35	0.35	-0.26	-0.21	0.22
Property Plant Equipment	0.95	0.9	0.85	0.18	0.67	0.6	0.95	0.63	0.29	-0.81	0.36	0.33	0.89	0.43	-0.31	0.3	0.71		-0.74	0.33	-0.36	0.39	0.39	-0.06
Current Deferred Revenue	-0.76	-0.74	-0.73	0.36	-0.43	-0.56	-0.74	-0.49	-0.1	0.78	0.15	-0.47	-0.58	-0.41	-0.17	-0.1	-0.96	-0.74		0.29	-0.26	0.23	0.19	-0.08
Long Term Debt Total	0.36	0.33	0.01	0.91	0.58	0.26	0.36	0.42	0.4	-0.12	0.92	-0.35	0.29	-0.14	-0.72	0.41	-0.35	0.33	0.29		-0.98	0.95	0.85	-0.41
Capital Surpluse	-0.37	-0.34	-0.05	-0.88	-0.58	-0.26	-0.38	-0.4	-0.36	0.15	-0.91	0.3	-0.33	0.09	0.67	-0.38	0.35	-0.36	-0.26	-0.98		-0.95	-0.84	0.4
Net Invested Capital	0.36	0.31	0.17	0.81	0.53	0.2	0.39	0.32	0.32	-0.06	0.88	-0.24	0.41	0.04	-0.81	0.33	-0.26	0.39	0.23	0.95	-0.95		0.93	-0.47
Net Working Capital	0.35	0.33	0.19	0.74	0.5	0.22	0.36	0.3	0.26	-0.01	0.75	-0.15	0.41	0.07	-0.89	0.27	-0.21	0.39	0.19	0.85	-0.84	0.93		-0.29
Capital Stock	-0.01	0.09	-0.15	-0.14	-0.05	0.28	-0.1	0.08	-0.1	-0.13	-0.32	0.12	-0.22	-0.12	0.44	-0.11	0.22	-0.06	-0.08	-0.41	0.4	-0.47	-0.29

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Precision Drilling

In accordance with the recently published financial statements, Precision Drilling has a Beta of 2.687. This is 58.06% higher than that of the Energy Equipment & Services sector and 11.03% higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Precision Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Precision Drilling's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Precision Drilling could also be used in its relative valuation, which is a method of valuing Precision Drilling by comparing valuation metrics of similar companies.

Precision Drilling is currently under evaluation in beta category among its peers.

Precision Drilling ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Precision Drilling's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Precision Drilling's managers, analysts, and investors.

Environmental

Governance

Social

Precision Drilling Institutional Holders

Institutional Holdings refers to the ownership stake in Precision Drilling that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Precision Drilling's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Precision Drilling's value.

		Shares
Goldman Sachs Group Inc	2024-09-30	127.7 K
Aegis Financial Corporation	2024-09-30	123.6 K
Sir Capital Management, L.p.	2024-09-30	118 K
American Century Companies Inc	2024-09-30	114.5 K
Hartree Partners, Lp	2024-09-30	85 K
Greatmark Investment Partners Inc	2024-09-30	84.1 K
Citadel Advisors Llc	2024-09-30	82.5 K
Two Sigma Advisers, Llc	2024-09-30	73.2 K
Td Asset Management Inc	2024-09-30	70.2 K
Ninepoint Partners Lp	2024-09-30	1.1 M
Royal Bank Of Canada	2024-09-30	722.7 K

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Precision Drilling will likely underperform.

Precision Fundamentals

	Return On Equity	0.0684
	Return On Asset	0.0443
	Profit Margin	0.06 %
	Operating Margin	0.08 %
	Current Valuation	1.33 B
	Shares Outstanding	13.78 M
	Shares Owned By Insiders	2.17 %
	Shares Owned By Institutions	58.00 %
	Number Of Shares Shorted	187.43 K
	Price To Earning	(6.85) X
	Price To Book	0.64 X
	Price To Sales	0.40 X
	Revenue	1.94 B
	Gross Profit	653.64 M
	EBITDA	599.35 M
	Net Income	289.24 M
	Cash And Equivalents	51.64 M
	Cash Per Share	3.80 X
	Total Debt	992.19 M
	Debt To Equity	1.02 %
	Current Ratio	1.39 X
	Book Value Per Share	119.97 X
	Cash Flow From Operations	500.57 M
	Short Ratio	2.84 X
	Earnings Per Share	5.46 X
	Price To Earnings To Growth	0.40 X
	Target Price	91.07
	Number Of Employees	5 K
	Beta	2.69
	Market Capitalization	752.64 M
	Total Asset	3.02 B
	Retained Earnings	(1.01 B)
	Working Capital	145.24 M
	Current Asset	561.95 M
	Current Liabilities	175.5 M
	Net Asset	3.02 B

About Precision Drilling Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Precision Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precision Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precision Drilling 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.

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Additional Tools for Precision Stock Analysis

When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.

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