Precision Drilling Stock Return On Equity

PDS Stock

USD 66.13 0.99 1.52%

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.

		Last Reported	Projected for Next Year
	Return On Equity	0.18	0.12

Return On Equity is likely to drop to 0.12 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Precision Drilling Company Return On Equity Analysis

Precision Drilling's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Precision Drilling Return On Equity

0.16

Most of Precision Drilling's fundamental indicators, such as Return On Equity, 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 Return On Equity 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 Return On Equity. 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		0.98	0.71	0.29	0.83	0.82	0.98	0.83	0.46	-0.89	0.43	0.29	0.76	0.34	-0.24	0.46	0.76	0.95	-0.76	0.37	-0.39	0.38	0.36	0.01
Total Stockholder Equity	0.98		0.6	0.35	0.84	0.87	0.92	0.82	0.5	-0.91	0.47	0.28	0.64	0.3	-0.24	0.5	0.73	0.91	-0.74	0.37	-0.39	0.36	0.36	0.1
Net Debt	0.71	0.6		-0.24	0.31	0.29	0.77	0.26	0.1	-0.54	-0.05	0.56	0.93	0.68	-0.18	0.1	0.79	0.85	-0.74	-0.01	-0.05	0.16	0.18	-0.19
Retained Earnings	0.29	0.35	-0.24		0.57	0.45	0.22	0.46	0.52	-0.16	0.91	-0.35	0.0	-0.23	-0.57	0.53	-0.35	0.16	0.36	0.93	-0.89	0.83	0.74	-0.05
Accounts Payable	0.83	0.84	0.31	0.57		0.95	0.8	0.92	0.58	-0.67	0.61	0.07	0.43	0.09	-0.28	0.59	0.42	0.65	-0.44	0.58	-0.58	0.53	0.5	0.07
Net Receivables	0.82	0.87	0.29	0.45	0.95		0.75	0.87	0.55	-0.74	0.52	0.15	0.33	0.1	-0.08	0.56	0.52	0.65	-0.55	0.41	-0.42	0.35	0.31	0.2
Total Liab	0.98	0.92	0.77	0.22	0.8	0.75		0.8	0.4	-0.84	0.38	0.29	0.84	0.36	-0.22	0.41	0.76	0.95	-0.75	0.36	-0.39	0.39	0.35	-0.07
Total Current Assets	0.83	0.82	0.26	0.46	0.92	0.87	0.8		0.51	-0.75	0.51	-0.02	0.42	-0.06	-0.12	0.51	0.46	0.63	-0.49	0.46	-0.44	0.36	0.32	0.11
Short Term Debt	0.46	0.5	0.1	0.52	0.58	0.55	0.4	0.51		-0.36	0.35	0.46	0.09	0.42	-0.12	1.0	0.13	0.28	-0.1	0.4	-0.36	0.31	0.25	-0.05
Intangible Assets	-0.89	-0.91	-0.54	-0.16	-0.67	-0.74	-0.84	-0.75	-0.36		-0.32	-0.23	-0.55	-0.21	-0.06	-0.36	-0.76	-0.84	0.78	-0.16	0.18	-0.1	-0.04	-0.12
Good Will	0.43	0.47	-0.05	0.91	0.61	0.52	0.38	0.51	0.35	-0.32		-0.39	0.17	-0.19	-0.59	0.36	-0.13	0.33	0.14	0.91	-0.9	0.87	0.73	-0.18
Net Tangible Assets	0.29	0.28	0.56	-0.35	0.07	0.15	0.29	-0.02	0.46	-0.23	-0.39		0.33	0.93	0.15	0.45	0.5	0.34	-0.47	-0.36	0.3	-0.24	-0.15	0.1
Long Term Debt	0.76	0.64	0.93	0.0	0.43	0.33	0.84	0.42	0.09	-0.55	0.17	0.33		0.48	-0.35	0.1	0.64	0.87	-0.6	0.26	-0.31	0.38	0.39	-0.15
Deferred Long Term Liab	0.34	0.3	0.68	-0.23	0.09	0.1	0.36	-0.06	0.42	-0.21	-0.19	0.93	0.48		-0.1	0.42	0.48	0.43	-0.42	-0.17	0.11	0.02	0.05	-0.18
Long Term Investments	-0.24	-0.24	-0.18	-0.57	-0.28	-0.08	-0.22	-0.12	-0.12	-0.06	-0.59	0.15	-0.35	-0.1		-0.13	0.12	-0.28	-0.16	-0.69	0.63	-0.78	-0.89	0.29
Short Long Term Debt	0.46	0.5	0.1	0.53	0.59	0.56	0.41	0.51	1.0	-0.36	0.36	0.45	0.1	0.42	-0.13		0.13	0.29	-0.1	0.41	-0.37	0.32	0.26	-0.06
Common Stock	0.76	0.73	0.79	-0.35	0.42	0.52	0.76	0.46	0.13	-0.76	-0.13	0.5	0.64	0.48	0.12	0.13		0.79	-0.99	-0.26	0.25	-0.17	-0.14	-0.09
Property Plant Equipment	0.95	0.91	0.85	0.16	0.65	0.65	0.95	0.63	0.28	-0.84	0.33	0.34	0.87	0.43	-0.28	0.29	0.79		-0.76	0.3	-0.33	0.37	0.38	-0.04
Current Deferred Revenue	-0.76	-0.74	-0.74	0.36	-0.44	-0.55	-0.75	-0.49	-0.1	0.78	0.14	-0.47	-0.6	-0.42	-0.16	-0.1	-0.99	-0.76		0.28	-0.25	0.22	0.18	-0.04
Long Term Debt Total	0.37	0.37	-0.01	0.93	0.58	0.41	0.36	0.46	0.4	-0.16	0.91	-0.36	0.26	-0.17	-0.69	0.41	-0.26	0.3	0.28		-0.98	0.94	0.84	-0.18
Capital Surpluse	-0.39	-0.39	-0.05	-0.89	-0.58	-0.42	-0.39	-0.44	-0.36	0.18	-0.9	0.3	-0.31	0.11	0.63	-0.37	0.25	-0.33	-0.25	-0.98		-0.93	-0.82	0.07
Net Invested Capital	0.38	0.36	0.16	0.83	0.53	0.35	0.39	0.36	0.31	-0.1	0.87	-0.24	0.38	0.02	-0.78	0.32	-0.17	0.37	0.22	0.94	-0.93		0.93	-0.31
Net Working Capital	0.36	0.36	0.18	0.74	0.5	0.31	0.35	0.32	0.25	-0.04	0.73	-0.15	0.39	0.05	-0.89	0.26	-0.14	0.38	0.18	0.84	-0.82	0.93		-0.15
Capital Stock	0.01	0.1	-0.19	-0.05	0.07	0.2	-0.07	0.11	-0.05	-0.12	-0.18	0.1	-0.15	-0.18	0.29	-0.06	-0.09	-0.04	-0.04	-0.18	0.07	-0.31	-0.15

Click cells to compare fundamentals

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict Precision Drilling

Return On Equity Over Time

Precision Total Stockholder Equity

Total Stockholder Equity

1.73 Billion

At this time, Precision Drilling's Total Stockholder Equity is comparatively stable compared to the past year.

Based on the latest financial disclosure, Precision Drilling has a Return On Equity of 0.1597. This is 108.07% lower than that of the Energy Equipment & Services sector and 103.13% lower than that of the Energy industry. The return on equity for all United States stocks is 151.52% lower than that of the firm.

Precision Return On Equity 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 Return On Equity 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 return on equity category among its peers.

Precision Drilling Current Valuation Drivers

We derive many important indicators used in calculating different scores of Precision Drilling from analyzing Precision Drilling's financial statements. These drivers represent accounts that assess Precision Drilling's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Precision Drilling's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	528.2M	288.6M	596.3M	1.4B	1.1B	1.0B
Enterprise Value	1.9B	1.5B	1.7B	2.5B	2.0B	1.9B

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 Fundamentals

	Return On Equity	0.16
	Return On Asset	0.054
	Profit Margin	0.13 %
	Operating Margin	0.14 %
	Current Valuation	1.48 B
	Shares Outstanding	14.07 M
	Shares Owned By Insiders	2.13 %
	Shares Owned By Institutions	57.14 %
	Number Of Shares Shorted	184.13 K
	Price To Earning	(6.85) X
	Price To Book	0.75 X
	Price To Sales	0.47 X
	Revenue	1.94 B
	Gross Profit	492.59 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	117.77 X
	Cash Flow From Operations	500.57 M
	Short Ratio	1.71 X
	Earnings Per Share	12.15 X
	Price To Earnings To Growth	0.40 X
	Target Price	91.07
	Number Of Employees	5 K
	Beta	2.75
	Market Capitalization	916.34 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC