PHX Energy Services Corp
TSX:PHX

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PHX Energy Services Corp
TSX:PHX
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Price: 11.12 CAD -0.71%
Market Cap: CA$504.5m

EV/EBIT

13.4
Current
76%
More Expensive
vs 3-y average of 7.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.4
=
Enterprise Value
CA$599.1m
/
EBIT
CA$40.2m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.4
=
Enterprise Value
CA$599.1m
/
EBIT
CA$40.2m

Valuation Scenarios

PHX Energy Services Corp is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (7.6), the stock would be worth CA$6.31 (43% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-43%
Maximum Upside
+8%
Average Downside
21%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 13.4 CA$11.12
0%
3-Year Average 7.6 CA$6.31
-43%
5-Year Average 8.9 CA$7.38
-34%
Industry Average 11.4 CA$9.45
-15%
Country Average 14.5 CA$12.03
+8%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CA
PHX Energy Services Corp
TSX:PHX
504.5m CAD 13.4 9.2
CN
China Oilfield Services Ltd
SSE:601808
72.6B CNY 11.7 18.9
US
Noble Corp (Cayman Island)
NYSE:NE
7.4B USD 17.4 34.4
CH
Transocean Ltd
NYSE:RIG
6.5B USD 15.9 -2.2
BM
Valaris Ltd
NYSE:VAL
6.1B USD 13.3 6.2
SA
ADES Holding Company SJSC
SAU:2382
21.9B SAR 19.3 26.8
US
Noble Corporation PLC
CSE:NOBLE
31.4B DKK 12.5 22.7
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
3.7B USD -119.3 -42.1
US
Helmerich and Payne Inc
NYSE:HP
3.4B USD 28.5 -11.1
BM
Seadrill Ltd
NYSE:SDRL
2.9B USD 45.6 -37.9
SA
Arabian Drilling Co
SAU:2381
10.8B SAR 83.5 -143.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
PHX Energy Services Corp
TSX:PHX
Average EV/EBIT: 26.1
13.4
N/A N/A
CN
China Oilfield Services Ltd
SSE:601808
11.7
N/A N/A
US
Noble Corp (Cayman Island)
NYSE:NE
17.4
17%
1
CH
Transocean Ltd
NYSE:RIG
15.9
-11%
N/A
BM
Valaris Ltd
NYSE:VAL
13.3
-4%
N/A
SA
A
ADES Holding Company SJSC
SAU:2382
19.3
N/A N/A
US
Noble Corporation PLC
CSE:NOBLE
12.5
17%
0.7
US
Patterson-UTI Energy Inc
NASDAQ:PTEN
Negative Multiple: -119.3 N/A N/A
US
Helmerich and Payne Inc
NYSE:HP
28.5
13%
2.2
BM
Seadrill Ltd
NYSE:SDRL
45.6
58%
0.8
SA
A
Arabian Drilling Co
SAU:2381
83.5
64%
1.3
P/E Multiple
Earnings Growth PEG
CA
PHX Energy Services Corp
TSX:PHX
Average P/E: 19.7
9.2
6%
1.5
CN
China Oilfield Services Ltd
SSE:601808
18.9
10%
1.9
US
Noble Corp (Cayman Island)
NYSE:NE
34.4
39%
0.9
CH
Transocean Ltd
NYSE:RIG
Negative Multiple: -2.2 N/A N/A
BM
Valaris Ltd
NYSE:VAL
6.2
-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: -42.1 N/A N/A
US
Helmerich and Payne Inc
NYSE:HP
Negative Multiple: -11.1 N/A N/A
BM
Seadrill Ltd
NYSE:SDRL
Negative Multiple: -37.9 N/A N/A
SA
A
Arabian Drilling Co
SAU:2381
Negative Multiple: -143.1 N/A N/A

Market Distribution

In line with most companies in Canada
Percentile
45th
Based on 1 813 companies
45th percentile
13.4
Low
0 — 10.6
Typical Range
10.6 — 20.6
High
20.6 —
Distribution Statistics
Canada
Min 0
30th Percentile 10.6
Median 14.5
70th Percentile 20.6
Max 3 794.4

PHX Energy Services Corp
Glance View

Market Cap
504.5m CAD
Industry
N/A

PHX Energy Services Corp. engages in the provision of horizontal and directional technology and drilling services. The company is headquartered in Calgary, Alberta. The firm's segments include Canada, United States and International. The firm offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia, and Manitoba and throughout the United States in the Gulf Coast, Northeast and Rocky Mountain regions. Its technologies include PowerDrive Orbit Rotary Steerable System (RSS), Atlas Motors, Velocity Real-Time System, Echo system, PowerDrive Orbit RSS, and P-360 Measurement While Drilling (MWD) system. The company provides full service horizontal and directional drilling services. The company offers gyro surveying services. The company also provides survey management service. Its PowerDrive Orbit RSS is a focused push-the-bit RSS.

PHX Intrinsic Value
12.14 CAD
Undervaluation 8%
Intrinsic Value
Price CA$11.12
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