Profrac Holding Intrinsic Value Calculator – PROFRAC HOLDING Reports 20.2% Year-Over-Year Increase in Total Revenue for Q2 2023 at USD 709.2 Million
August 13, 2023
☀️Earnings Overview
For the second quarter of fiscal year 2023, PROFRAC HOLDING ($NASDAQ:ACDC) reported total revenue of USD 709.2 million, a 20.2% growth from the same period in the prior year. Net income for the period was USD -2.9 million, compared to the 6.6 million reported last year. These figures were announced on June 30 2023.
Analysis – Profrac Holding Intrinsic Value Calculator
GoodWhale conducted an in-depth analysis of PROFRAC HOLDING’s fundamentals based on their financial statements. After extensive research, our proprietary Valuation Line indicated a fair value of around $9.1 for PROFRAC HOLDING’s stock. However, currently it is being traded at $12.0, representing an overvaluation of 32.5%. This can provide investors with an opportunity to make a potentially profitable investment, as the stock can be sold at a profit once it drops to its fair value. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Profrac Holding. More…
| Total Revenues | Net Income | Net Margin |
| 3.06k | 104 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Profrac Holding. More…
| Operations | Investing | Financing |
| 717.9 | -1.28k | 516.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Profrac Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.45k | 2.12k | 8.02 |
Key Ratios Snapshot
Some of the financial key ratios for Profrac Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 14.5% |
| FCF Margin | ROE | ROA |
| 9.7% | 39.7% | 8.0% |
Peers
The competition between ProFrac Holding Corp and its competitors – ProPetro Holding Corp, KLX Energy Services Holdings Inc, Oil & Natural Gas Corp Ltd – is fierce in the energy services industry. Companies must continually innovate and create better products and services in order to stay ahead of the competition and remain profitable. All of these companies are heavily investing in technology, resources, and research to gain a competitive edge, and the outcome of this race will determine who will win in the long run.
– ProPetro Holding Corp ($NYSE:PUMP)
ProPetro Holding Corp is an oilfield services company based in Midland, Texas. The company provides a range of services such as hydraulic fracturing, cementing, and other well completion services to mainly onshore oil and gas producers in the United States. As of 2023, ProPetro Holding Corp has a market cap of 786.98M, which indicates the market’s confidence in the company’s future growth prospects. The company also has a Return on Equity of 0.63%, which is an acceptable level of risk-adjusted return given the industry ProPetro operates in.
– KLX Energy Services Holdings Inc ($NASDAQ:KLXE)
KLX Energy Services Holdings Inc is an oil and gas services company focused on providing mission-critical products and services to customers in the oil and gas industry. The company has a market cap of 179.01M as of 2023, and a negative Return on Equity (ROE) of -71.15%. This indicates that the company has poor financial performance and is not generating satisfactory returns for its shareholders. By comparison, the average ROE for oil and gas companies is approximately 12%. KLX Energy Services Holdings Inc may need to improve its operational efficiency in order to increase its ROE and attract more investors.
– Oil & Natural Gas Corp Ltd ($BSE:500312)
Oil & Natural Gas Corporation Ltd (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. ONGC is the largest oil and gas exploration and production company in India and is ranked amongst the top 25 global energy companies. As of 2023, ONGC has a market capitalisation of 1.89T and a Return on Equity of 13.19%, making it one of the most valuable companies in India. ONGC has also been recognised for its excellence in corporate governance and commitment to sustainability, earning it several awards, including the CDP India Climate Change Leadership Award for 2020.
Summary
Investors in PROFRAC HOLDING were disappointed with the company’s earnings report for the second quarter of 2023. Total revenue was up 20.2% year-over-year but net income was reported as a loss of -2.9 million, down from 6.6 million in the prior year. This news was reflected in the company’s stock price, which dropped on the day the earnings report was released. Investors should take caution and conduct further research before investing in PROFRAC HOLDING.
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