Precision Drilling Corp
F:PRE1

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Precision Drilling Corp
F:PRE1
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Price: 80.5 EUR 0.63% Market Closed
Market Cap: €1.2B

EV/FCFF

11.7
Current
48%
More Expensive
vs 3-y average of 7.9

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
11.7
=
Enterprise Value
€2.3B
/
Free Cash Flow to Firm
CA$208.6m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
11.7
=
Enterprise Value
€2.3B
/
Free Cash Flow to Firm
CA$208.6m

Valuation Scenarios

Precision Drilling Corp is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (7.9), the stock would be worth €54.47 (32% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-32%
Maximum Upside
+74%
Average Upside
3%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 11.7 €80.5
0%
3-Year Average 7.9 €54.47
-32%
5-Year Average 8.7 €59.38
-26%
Industry Average 11.5 €78.68
-2%
Country Average 20.4 €140.08
+74%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
CA
Precision Drilling Corp
F:PRE1
1.7B EUR 11.7 30.3
CN
China Oilfield Services Ltd
SSE:601808
71.4B CNY 13.5 18.7
US
Noble Corp (Cayman Island)
NYSE:NE
8.5B USD 22.3 37.4
CH
Transocean Ltd
NYSE:RIG
7.2B USD 19.4 -2.6
BM
Valaris Ltd
NYSE:VAL
6.7B USD 37.2 7.2
SA
ADES Holding Company SJSC
SAU:2382
21.9B SAR 32.9 26.8
US
Noble Corporation PLC
CSE:NOBLE
31.4B DKK 14.9 22.7
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
4.3B USD 14.2 -47.9
US
Helmerich and Payne Inc
NYSE:HP
3.9B USD 31.6 -12.4
BM
Seadrill Ltd
NYSE:SDRL
3B USD -24.5 -40.3
SA
Arabian Drilling Co
SAU:2381
10.8B SAR 36.3 -143.1
P/E Multiple
Earnings Growth PEG
CA
Precision Drilling Corp
F:PRE1
Average P/E: 23.8
30.3
8%
3.8
CN
China Oilfield Services Ltd
SSE:601808
18.7
10%
1.9
US
Noble Corp (Cayman Island)
NYSE:NE
37.4
39%
1
CH
Transocean Ltd
NYSE:RIG
Negative Multiple: -2.6 N/A N/A
BM
Valaris Ltd
NYSE:VAL
7.2
-28%
N/A
SA
A
ADES Holding Company SJSC
SAU:2382
26.8
17%
1.6
US
Noble Corporation PLC
CSE:NOBLE
22.7
39%
0.6
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
Negative Multiple: -47.9 N/A N/A
US
Helmerich and Payne Inc
NYSE:HP
Negative Multiple: -12.4 N/A N/A
BM
Seadrill Ltd
NYSE:SDRL
Negative Multiple: -40.3 N/A N/A
SA
A
Arabian Drilling Co
SAU:2381
Negative Multiple: -143.1 N/A N/A

Market Distribution

Lower than 88% of companies in Canada
Percentile
12th
Based on 1 610 companies
12th percentile
7.7
Low
0 — 13.1
Typical Range
13.1 — 33.5
High
33.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 13.1
Median 20.4
70th Percentile 33.5
Max 22 577.3

Precision Drilling Corp
Glance View

Market Cap
1.2B EUR
Industry
N/A

Precision Drilling Corp. engages in the provision od onshore drilling, completion, and production services to the oil and natural gas industry. The company is headquartered in Calgary, Alberta and currently employs 3,900 full-time employees. The company went IPO on 2010-06-02. The firm's segments include Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp and catering services. The company provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries. The company provides well completion, workover, abandonment and re-entry preparation services to oil and natural gas exploration and production companies. The company also provides digital technology offerings.

PRE1 Intrinsic Value
140.55 EUR
Undervaluation 43%
Intrinsic Value
Price €80.5
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