Helmerich & Payne, Inc.

Energy
Oil & Gas Production
www.helmerichpayne.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.92B
PE 6
Debt $1.78B
Cash $1.71B
EV $2.00B
FCF $203.08M

Earnings

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Sales & Net Margins

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Earnings	$299.04M
EBIT	$445.75M
ROE	10%
ROA	8%
FCF	$203.08M
Equity	$2.95B
Growth Stability	-479%
PE	6.43
PEG	0.19
PB	0.65
P/FCF	9.46
P/S	0.7
Price/Cash	0.89
Debt/Equity	0.6
Debt/FCF	8.77
Net Margins	8%
Gross Margins	41%
Op. Margins	16%
Earnings CAGR	-0%
Sales Growth YoY	0%
Sales Growth QoQ	-2%
Sales CAGR	4%
FCF CAGR	2%
Equity CAGR	-7%
Earnings Stability	0
Earnings Growth YoY	-42%
Earnings Growth QoQ	-23%
Earnings CAGR 5Y	34%

Sales CAGR 5Y	16%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	-4%
Earnings CAGR 3Y	20%
Sales CAGR 3Y	20%
FCF CAGR 3Y	3%
Equity CAGR 3Y	3%
Market Cap	$1.92B
Revenue	$2.76B
Dividend Yield	7%
Payout Ratio	45%
Assets	$5.82B
Total Debt	$1.78B
Cash	$1.71B
Shares Outstanding	98.87M
EV	2B
Earnings Score	6%
Moat Score	87%
Safety Score	47%
Final Score	47%
Working Capital	789.12M
Current Ratio	2.81
Gross Profit	$1.12B
Shares Growth 3y	-3%
Equity Growth QoQ	1%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.

SEC Filings

Direct access to Helmerich & Payne, Inc. (HP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Helmerich & Payne, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Helmerich & Payne, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -0%

Stability 0%

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Helmerich & Payne, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Helmerich & Payne, Inc..

Years

Calculation mode

= $2.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$203M	$207M	$210M	$214M	$217M	$221M	$225M	$228M	$232M	$236M	$240M	$2.4B
DCF		$188M	$174M	$160M	$148M	$137M	$127M	$117M	$108M	$100M	$93M	$926M
Value	$2.3B

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	13%	-4%	-7%	19%	-1%	-28%	-27%	0%	15%	12%	8%
ROA	-	-0%	-3%	1%	0%	-13%	-9%	1%	14%	8%	8%
ROE	-	-1%	-3%	11%	-1%	-15%	-11%	0%	15%	12%	10%

Net Margins (8.09%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	1.01	-12.44	6.4	1.23	1.22	27.98	-32.53	1.24	9.4	8.77
Debt over Equity	0.12	0.11	0.12	0.11	0.12	0.15	0.52	0.2	0.2	0.61	0.6
Growth Stability	-	-	-	100%	-38%	-479%	-	-	-	100%	-479%

Bad Debt/FCF ratio (8.77)

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

Good Debt/Equity ratio (0.6)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-479%)

The company has a bad stability in its earnings, which is a sign of a bad 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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-49%	11%	38%	13%	-37%	-31%	69%	40%	-4%	16%
Earnings YoY growth	-	-114%	122%	-468%	-108%	1K%	-34%	-102%	8K%	-21%	34%
Equity YoY growth	-	-7%	-9%	5%	-8%	-17%	-12%	-5%	0%	5%	-4%
FCF YoY growth	-	74%	-108%	-294%	409%	0%	-86%	-131%	-3K%	-57%	-0%