Independence Contract Drilling Inc
NYSE:ICD
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EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (3.8), the stock would be worth $0.39 (0% downside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 3.8 | $0.39 |
0%
|
| 3-Year Average | 3.8 | $0.39 |
0%
|
| 5-Year Average | 3.6 | $0.37 |
-5%
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| Industry Average | 10.1 | $1.04 |
+166%
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| Country Average | 16.7 | $1.71 |
+338%
|
Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Independence Contract Drilling Inc
NYSE:ICD
|
140k USD | 3.8 | -0 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.7B CNY | 6.4 | 18.9 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
7.9B USD | 9.9 | 36.3 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
6.7B USD | 15.2 | -2.3 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
6.3B USD | 12.4 | 6.4 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 12.6 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 6.8 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.3B USD | 5.3 | -45.9 | |
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
3.8B USD | 9.9 | -12.1 | |
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
3B USD | -116.9 | -39 | |
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR | 11.7 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 11.7 |
| Median | 16.7 |
| 70th Percentile | 23.6 |
| Max | 3 178 983.5 |
Other Multiples
Independence Contract Drilling Inc
Glance View
Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. The company is headquartered in Houston, Texas and currently employs 500 full-time employees. The company went IPO on 2014-04-21. The firm develops and assemble its ShaleDriller series rig. ShaleDrillers are designed for drilling operations on large, multi-well drilling locations. The firm owns and operates a fleet comprised of drilling rigs. The Company’s focuses its operations on unconventional resource plays located in geographic regions in Houston, Texas and Midland, Texas. Its rig fleet includes approximately 24 marketed pad-optimal, superspec alternating current (AC) powered rigs plus additional AC rigs. Its rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale. Its business depends on the level of exploration and production activity by oil and natural gas companies operating in the United States, and in particular, the regions where it markets its contract drilling services.