Profrac Holding Corp.

Energy
Oilfield Services/Equipment
www.profrac.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.24B
PE -6
Debt $1.38B
Cash $25.50M
EV $2.59B
FCF $108.60M

Earnings

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Sales & Net Margins

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Earnings	-$207.20M
EBIT	$55.60M
ROE	-18%
ROA	2%
FCF	$108.60M
Equity	$1.17B
Growth Stability	1
PE	-5.98
PEG	-1.33
PB	1.06
P/FCF	11.41
P/S	0.56
Price/Cash	0.02
Debt/Equity	1.18
Debt/FCF	12.69
Net Margins	-7%
Gross Margins	33%
Op. Margins	2%
Earnings CAGR	4%
Sales Growth YoY	0%
Sales Growth QoQ	-1%
Sales CAGR	41%
FCF CAGR	60%
Equity CAGR	57%
Earnings Stability	-0.87
Earnings Growth YoY	40%
Earnings Growth QoQ	-32%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	41%
FCF CAGR 5Y	60%
Equity CAGR 5Y	57%
Earnings CAGR 3Y	42%
Sales CAGR 3Y	42%
FCF CAGR 3Y	141%
Equity CAGR 3Y	112%
Market Cap	$1.24B
Revenue	$2.23B
Assets	$3.14B
Total Debt	$1.38B
Cash	$25.50M
Shares Outstanding	159.9M
EV	2.59B
Earnings Score	6%
Moat Score	11%
Safety Score	73%
Final Score	30%
Working Capital	-34.5M
Current Ratio	0.95
Gross Profit	$744.80M
Shares Growth 3y	43%
Equity Growth QoQ	-4%
Equity Growth YoY	-11%

Assets & ROA

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Stockholders Equity & ROE

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ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

SEC Filings

Direct access to Profrac Holding Corp. (ACDC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Profrac Holding Corp. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Profrac Holding Corp. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability -87%

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Profrac Holding Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Profrac Holding Corp..

Years

Calculation mode

= $59B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$109M	$173M	$276M	$441M	$704M	$1.1B	$1.8B	$2.9B	$4.6B	$7.3B	$12B	$116B
DCF		$158M	$228M	$331M	$481M	$697M	$1B	$1.5B	$2.1B	$3.1B	$4.5B	$45B
Value	$59B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-22%	-6%	4%	-4%	-7%
ROA	-	-3%	14%	8%	2%
ROE	-	-29%	-8%	-8%	-18%

Bad Net Margins (-6.55%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-7.78	18.42	4.31	12.69
Debt over Equity	-	2.29	-0.98	0.97	1.18
Growth Stability	-	-	-	-	1

Bad Debt/FCF ratio (12.69)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.18)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	40%	216%	8%	41%
Earnings YoY growth	-	-63%	-310%	-217%	4%
Equity YoY growth	-	-	-851%	-214%	57%
FCF YoY growth	-	1K%	-236%	386%	60%