Newpark Resources Inc
NR
Oil & Gas Field Machinery & Equipment
Mkt Cap
$669MPE
41.32Debt
$93.92MCash
$37.94MEV
$724.9MFCF
$46.37MP/E Ratio
41.32Debt
$93.92MCash
$37.94MEV
$724.9MFCF
$46.37MCharts data: {"Earnings":[{"time":"2014-12-30","value":102278000},{"time":"2015-12-30","value":-90828000},{"time":"2016-12-30","value":-40712000},{"time":"2017-12-30","value":-6148000},{"time":"2018-12-30","value":32281000},{"time":"2019-12-30","value":-12946000},{"time":"2020-12-30","value":-80696000},{"time":"2021-12-30","value":-25526000},{"time":"2022-12-30","value":-20834000},{"time":"2023-12-30","value":14516000}],"Sales":[{"time":"2014-12-30","value":1118416000},{"time":"2015-12-30","value":676865000},{"time":"2016-12-30","value":471496000},{"time":"2017-12-30","value":747763000},{"time":"2018-12-30","value":946548000},{"time":"2019-12-30","value":820119000},{"time":"2020-12-30","value":492625000},{"time":"2021-12-30","value":614781000},{"time":"2022-12-30","value":815594000},{"time":"2023-12-30","value":749600000}],"Net Margins":[{"time":"2014-12-30","value":0.09144897784008812},{"time":"2015-12-30","value":-0.13418924009957672},{"time":"2016-12-30","value":-0.08634643772163497},{"time":"2017-12-30","value":-0.008221856390326882},{"time":"2018-12-30","value":0.03410392288610826},{"time":"2019-12-30","value":-0.01578551405344834},{"time":"2020-12-30","value":-0.1638081705150977},{"time":"2021-12-30","value":-0.04152047639728619},{"time":"2022-12-30","value":-0.025544572422062938},{"time":"2023-12-30","value":0.019364994663820703}],"Assets":[{"time":"2014-12-30","value":1020122000},{"time":"2015-12-30","value":848893000},{"time":"2016-12-30","value":798183000},{"time":"2017-12-30","value":902716000},{"time":"2018-12-30","value":915854000},{"time":"2019-12-30","value":900079000},{"time":"2020-12-30","value":709192000},{"time":"2021-12-30","value":752886000},{"time":"2022-12-30","value":714875000},{"time":"2023-12-30","value":642336000}],"Stockholders Equity":[{"time":"2014-12-30","value":625458000},{"time":"2015-12-30","value":520259000},{"time":"2016-12-30","value":500543000},{"time":"2017-12-30","value":547480000},{"time":"2018-12-30","value":569681000},{"time":"2019-12-30","value":548645000},{"time":"2020-12-30","value":488032000},{"time":"2021-12-30","value":462386000},{"time":"2022-12-30","value":423028000},{"time":"2023-12-30","value":415364000}],"ROE":[{"time":"2014-12-30","value":0.16352496890278803},{"time":"2015-12-30","value":-0.17458227536669235},{"time":"2016-12-30","value":-0.08133566946296322},{"time":"2017-12-30","value":-0.011229633959231388},{"time":"2018-12-30","value":0.05666504587655197},{"time":"2019-12-30","value":-0.023596314556771684},{"time":"2020-12-30","value":-0.16534981312700806},{"time":"2021-12-30","value":-0.05520495862764011},{"time":"2022-12-30","value":-0.049249695055646435},{"time":"2023-12-30","value":0.034947660365366284}],"ROA":[{"time":"2014-12-30","value":0.12801998192373068},{"time":"2015-12-30","value":-0.11673909432637565},{"time":"2016-12-30","value":-0.07167905104468524},{"time":"2017-12-30","value":0.0348237984039277},{"time":"2018-12-30","value":0.06939752405951168},{"time":"2019-12-30","value":0.011548986255650893},{"time":"2020-12-30","value":-0.11087829529943936},{"time":"2021-12-30","value":-0.011721562095722327},{"time":"2022-12-30","value":-0.01263717433117678},{"time":"2023-12-30","value":0.0523557764160813}]}
Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America. The Industrial Solutions segment offers composite matting system rentals utilized for temporary worksite access; related site construction and services to customers in various markets, including power transmission, E&P, pipeline, renewable energy, petrochemical, construction, and other industries primarily in the United States and Europe; recyclable composite mats to customers worldwide; and access road construction, site planning and preparation, environmental protection, fluids and spill containment, erosion control, and site restoration services. The company was incorporated in 1932 and is headquartered in The Woodlands, Texas.
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DCF
Discounted Cash Flow Valuation of Newpark Resources Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $46.37M | $43.73M | $41.25M | $38.91M | $36.7M | $34.62M | $32.66M | $30.8M | $29.06M | $27.41M | $25.85M | $258.5M |
| DCF | $38.03M | $31.19M | $25.59M | $20.99M | $17.21M | $14.12M | $11.58M | $9.498M | $7.791M | $6.39M | $63.9M | |
| Value | $246.3M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 3%
Earnings Stability -83%
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -13% | -8.6% | -0.82% | 3.4% | -1.6% | -16% | -4.2% | -2.6% | 1.9% | 2.3% |
| ROA | -12% | -7.2% | 3.5% | 6.9% | 1.2% | -11% | -1.2% | -1.3% | 5.2% | 5.5% |
| ROE | -17% | -8.1% | -1.1% | 5.7% | -2.4% | -17% | -5.5% | -4.9% | 3.5% | 3.8% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -3.22%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.06%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -0.03%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.17%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -3.36%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.22%.
Safety & Stabiliy
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 3.59 | -9.76 | 26.34 | 9.97 | 6.50 | 3.97 | -5.41 | -2.56 | 1.30 | 2.03 |
| Debt Equity | 0.36 | 0.53 | 0.34 | 0.32 | 0.33 | 0.33 | 0.29 | 0.32 | 0.22 | 0.22 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | -1.8K% | - | - | - | -1.8K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 2.03.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -2.28.
What is the Graham’s Stability?
Graham’s Stability measure stands at -18.36.
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 | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 6.8% | -4.6% | 15% | -8.1% | 3% |
| Net Income | - | -15% | - | - | - |
| Stockholders Equity | -2.6% | -6.1% | -5.2% | -1.8% | 0.025% |
| FCF | - | 31% | 21% | - | -57% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is -4.56%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +3.01%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -14.77%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -6.12%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +0.02%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +31.12%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -57.48%.