Newpark Resources Inc

Industrials
Metal Fabrications
www.newpark.com

Earnings Score
Moat Score
Safety Score

Market Cap $660.12M
PE -4
Debt $22.44M
Cash $43.38M
EV $639.18M
FCF $39.42M

Earnings

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Sales & Net Margins

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Earnings	-$159.44M
EBIT	$25.07M
ROE	-50%
ROA	6%
FCF	$39.42M
Equity	$316.45M
Growth Stability	-2K%
PE	-4.14
PEG	267.52
PB	2.09
P/FCF	16.75
P/S	0.88
Price/Cash	0.07
Debt/Equity	0.07
Debt/FCF	0.57
Net Margins	-99%
Gross Margins	68%
Op. Margins	3%
Earnings CAGR	1%
Sales Growth YoY	-15%
Sales Growth QoQ	-205%
Sales CAGR	1%
FCF CAGR	3%
Equity CAGR	-4%
Earnings Stability	0.02
Earnings Growth YoY	-2K%
Earnings Growth QoQ	-2K%

Earnings CAGR 5Y	-0%
Sales CAGR 5Y	3%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	-7%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	146%
Equity CAGR 3Y	-7%
Market Cap	$660.12M
Revenue	$748.37M
Assets	$389.61M
Total Debt	$22.44M
Cash	$43.38M
Shares Outstanding	85.62M
EV	639.18M
Earnings Score	6%
Moat Score	26%
Safety Score	66%
Final Score	33%
Working Capital	65.82M
Current Ratio	2.29
Gross Profit	$505.99M
Shares Growth 3y	-4%
Equity Growth QoQ	-26%
Equity Growth YoY	-24%

Assets & ROA

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Stockholders Equity & ROE

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Newpark Resources Inc is a global equipment supplier and leasing company to the oil and gas industry. Its operations are divided into two segments: Fluid Systems and Industrial Solutions. The Fluids Systems segment provides drilling fluids products and technical services to drilling sites predominantly located in North America and Europe, the Middle East, and Africa (EMEA). The Industrial Solutions segment, previously reported as Mats & Integrated Services, offers composite mat rentals, site construction services, and a newly added industrial disinfectant and cleaning solutions.

SEC Filings

Direct access to Newpark Resources Inc (NR) 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 Newpark Resources Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 1%

Stability 2%

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Newpark Resources Inc Discounted Cash Flow

Fully customizable DCF calculator online for Newpark Resources Inc.

Years

Calculation mode

= $473M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$39M	$40M	$42M	$43M	$44M	$45M	$46M	$47M	$49M	$50M	$51M	$513M
DCF		$37M	$34M	$32M	$30M	$28M	$26M	$24M	$23M	$21M	$20M	$198M
Value	$473M

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	-13%	-9%	-1%	3%	-2%	-16%	-4%	-3%	2%	-99%
ROA	-	-12%	-7%	3%	7%	1%	-11%	-1%	-1%	5%	6%
ROE	-	-17%	-8%	-1%	6%	-2%	-17%	-6%	-5%	3%	-50%

Bad Net Margins (-99.37%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.59	-9.76	26.34	9.97	6.5	3.97	-5.41	-2.56	1.3	0.57
Debt over Equity	0.29	0.36	0.53	0.34	0.32	0.33	0.33	0.29	0.32	0.22	0.07
Growth Stability	-	-	-	-	-	-	-2K%	-	-	-	-2K%

Good Debt/FCF ratio (0.57)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.07)

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

Bad Graham’s Stability (-2K%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-39%	-30%	59%	27%	-13%	-40%	25%	33%	-8%	3%
Earnings YoY growth	-	-189%	-55%	-85%	-625%	-140%	523%	-68%	-18%	-170%	-0%
Equity YoY growth	-	-17%	-4%	9%	4%	-4%	-11%	-5%	-9%	-2%	-7%
FCF YoY growth	-	-393%	-152%	-126%	161%	50%	46%	-162%	115%	-233%	-1%