Independence Contract Drilling Inc
NYSE:ICD
Intrinsic Value
Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. [ Read More ]
The intrinsic value of one
ICD
stock under the Base Case scenario is
13.78
USD.
Compared to the current market price of 1.64 USD,
Independence Contract Drilling Inc
is
Undervalued by 88%.
Independence Contract Drilling Inc's market capitalization is 24.9m USD.
ICD stock price is 1.64 USD.
ICD stock price (1.64 USD) is 88% less than its Intrinsic Value (13.78 USD).
ICD has upside potential of 180% compared to the average analyst price target.
Open Wall St Estimates
ICD's D/E (Debt to Equity) is very low and is equal to 0.98.
ICD's Revenue has dropped by 10% over the past 12 months.
ICD's short-term assets (39m USD) exceed its short-term liabilties (30m USD).
ICD's ROE (Return on Equity) has increased in the last 3 years from -31% to -24%, and is approaching profitability.
ICD's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
ICD's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from -11% to 1%.
ICD has positive Gross Profit for the last twelve months.
ICD's long-term assets (385m USD) exceed its long-term liabilties (211m USD).
ICD has positive Operating Income for the last twelve months.
ICD has negative Net Income for the last twelve months.
ICD's ROE (Return on Equity) for the past 12 months is negative and is equal to -24%.
ICD has negative three-year average ROIC (Return on Invested Capital): -5%. The company is not efficient at using invested capital to generate operating income.
ICD's Revenue has been growing by an exceptional 47% per year for the last 3 years.
ICD has positive Free Cash Flow for the last twelve months.
ICD has positive Net Debt. This means that the company has more debt (170m USD) than cash and short-term investments (7m USD).
ICD has negative three-year average ROE (Return on Equity): -28%. The company is not efficient at transforming stockholders' equity into net income.
ICD's Altman Z-Score is very low and is equal to -1.01.
ICD doesn't generate enough operating income (2m USD) to safely cover interest payments on its debt (2m USD).
Valuation Backtest
Independence Contract Drilling Inc
Run backtest to discover the historical profit from buying and selling
ICD
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Independence Contract Drilling Inc
Balance Sheet Decomposition
Independence Contract Drilling Inc
| Current Assets | 39.4m |
| Cash & Short-Term Investments | 6.9m |
| Receivables | 27.2m |
| Other Current Assets | 5.3m |
| Non-Current Assets | 345.4m |
| PP&E | 342.7m |
| Other Non-Current Assets | 2.7m |
| Current Liabilities | 30.1m |
| Accounts Payable | 18.8m |
| Accrued Liabilities | 6.4m |
| Other Current Liabilities | 4.9m |
| Non-Current Liabilities | 181.2m |
| Long-Term Debt | 170.4m |
| Other Non-Current Liabilities | 10.8m |
Earnings Waterfall
Independence Contract Drilling Inc
|
Revenue
|
193m
USD
|
|
Cost of Revenue
|
-123.6m
USD
|
|
Gross Profit
|
69.4m
USD
|
|
Operating Expenses
|
-67.2m
USD
|
|
Operating Income
|
2.2m
USD
|
|
Other Expenses
|
-48.9m
USD
|
|
Net Income
|
-46.7m
USD
|
Free Cash Flow Analysis
Independence Contract Drilling Inc
ICD Profitability Score
Profitability Due Diligence
Independence Contract Drilling Inc's profitability score is 32/100. The higher the profitability score, the more profitable the company is.
Score
Independence Contract Drilling Inc's profitability score is 32/100. The higher the profitability score, the more profitable the company is.
ICD Solvency Score
Solvency Due Diligence
Independence Contract Drilling Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
Independence Contract Drilling Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
ICD Price Targets Summary
Independence Contract Drilling Inc
According to Wall Street analysts, the average 1-year price target for
ICD
is 4.59 USD
with a low forecast of 4.04 USD and a high forecast of 5.25 USD.
Ownership
ICD Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
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Shareholder Return
ICD Price
Independence Contract Drilling Inc
| Average Annual Return | -38.02% |
| Standard Deviation of Annual Returns | 43.23% |
| Max Drawdown | -98% |
| Market Capitalization | 24.9m USD |
| Shares Outstanding | 15 270 000 |
| Percentage of Shares Shorted | 4.17% |
Company Profile
Independence Contract Drilling Inc
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
ICD
stock under the Base Case scenario is
13.78
USD.
Compared to the current market price of 1.64 USD,
Independence Contract Drilling Inc
is
Undervalued by 88%.
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