Precision Drilling Corp
TSX:PD
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (16), the stock would be worth CA$45.59 (65% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 45.3 | CA$129.3 |
0%
|
| Industry Average | 16 | CA$45.59 |
-65%
|
| Country Average | 22 | CA$62.82 |
-51%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Precision Drilling Corp
TSX:PD
|
1.7B CAD | 45.3 | 29 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.1B CNY | 12.7 | 18.9 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
8B USD | 28.7 | 37 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
7.5B USD | -7.8 | -2.6 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
7.1B USD | 167.4 | 7.2 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 5.5 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 17.6 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.5B USD | 15.5 | -48.6 | |
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
4B USD | 19.1 | -12.7 | |
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
3.1B USD | -14.1 | -39.9 | |
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR | -460.3 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.2 |
| Median | 22 |
| 70th Percentile | 36 |
| Max | 116 589.8 |
Other Multiples
Precision Drilling Corp
Glance View
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.
