Intrinsic value of Newpark Resources - NR

Previous Close

$9.75

  Intrinsic Value

$155.38

stock screener

  Rating & Target

str. buy

+999%

Previous close

$9.75

 
Intrinsic value

$155.38

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of NR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  58.60
  53.24
  48.42
  44.07
  40.17
  36.65
  33.49
  30.64
  28.07
  25.77
  23.69
  21.82
  20.14
  18.62
  17.26
  16.04
  14.93
  13.94
  13.05
  12.24
  11.52
  10.86
  10.28
  9.75
  9.28
  8.85
  8.46
  8.12
  7.81
  7.52
Revenue, $m
  1,186
  1,818
  2,698
  3,887
  5,449
  7,446
  9,939
  12,984
  16,629
  20,913
  25,867
  31,512
  37,857
  44,908
  52,660
  61,105
  70,229
  80,018
  90,457
  101,529
  113,222
  125,523
  138,425
  151,922
  166,013
  180,702
  195,995
  211,904
  228,443
  245,633
Variable operating expenses, $m
  801
  1,224
  1,813
  2,608
  3,653
  4,989
  6,658
  8,695
  11,134
  14,001
  17,308
  21,085
  25,331
  30,048
  35,235
  40,886
  46,991
  53,541
  60,525
  67,934
  75,757
  83,988
  92,621
  101,652
  111,081
  120,909
  131,142
  141,786
  152,853
  164,354
Fixed operating expenses, $m
  219
  224
  228
  233
  239
  244
  249
  255
  260
  266
  272
  278
  284
  290
  297
  303
  310
  317
  324
  331
  338
  345
  353
  361
  369
  377
  385
  394
  402
  411
Total operating expenses, $m
  1,020
  1,448
  2,041
  2,841
  3,892
  5,233
  6,907
  8,950
  11,394
  14,267
  17,580
  21,363
  25,615
  30,338
  35,532
  41,189
  47,301
  53,858
  60,849
  68,265
  76,095
  84,333
  92,974
  102,013
  111,450
  121,286
  131,527
  142,180
  153,255
  164,765
Operating income, $m
  166
  371
  657
  1,045
  1,557
  2,212
  3,032
  4,034
  5,235
  6,647
  8,287
  10,149
  12,243
  14,570
  17,128
  19,916
  22,928
  26,161
  29,608
  33,265
  37,126
  41,189
  45,451
  49,909
  54,564
  59,416
  64,468
  69,724
  75,188
  80,867
EBITDA, $m
  231
  465
  794
  1,240
  1,826
  2,578
  3,518
  4,666
  6,042
  7,660
  9,532
  11,665
  14,064
  16,730
  19,661
  22,855
  26,306
  30,010
  33,959
  38,148
  42,572
  47,227
  52,109
  57,217
  62,549
  68,108
  73,896
  79,916
  86,176
  92,682
Interest expense (income), $m
  9
  13
  31
  56
  91
  139
  201
  281
  381
  503
  648
  820
  1,018
  1,243
  1,497
  1,779
  2,088
  2,426
  2,791
  3,182
  3,599
  4,042
  4,509
  5,001
  5,517
  6,056
  6,619
  7,206
  7,818
  8,454
  9,115
Earnings before tax, $m
  153
  340
  601
  954
  1,418
  2,011
  2,751
  3,653
  4,732
  5,998
  7,468
  9,132
  11,000
  13,073
  15,350
  17,828
  20,502
  23,370
  26,426
  29,665
  33,084
  36,680
  40,450
  44,393
  48,508
  52,797
  57,262
  61,906
  66,734
  71,752
Tax expense, $m
  41
  92
  162
  258
  383
  543
  743
  986
  1,278
  1,620
  2,016
  2,466
  2,970
  3,530
  4,144
  4,813
  5,536
  6,310
  7,135
  8,010
  8,933
  9,904
  10,921
  11,986
  13,097
  14,255
  15,461
  16,715
  18,018
  19,373
Net income, $m
  112
  248
  438
  696
  1,035
  1,468
  2,008
  2,667
  3,454
  4,379
  5,452
  6,666
  8,030
  9,543
  11,205
  13,014
  14,967
  17,060
  19,291
  21,656
  24,152
  26,776
  29,528
  32,407
  35,411
  38,542
  41,801
  45,191
  48,716
  52,379

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,433
  2,196
  3,259
  4,695
  6,581
  8,992
  12,003
  15,681
  20,083
  25,257
  31,241
  38,057
  45,722
  54,237
  63,599
  73,798
  84,818
  96,640
  109,247
  122,620
  136,741
  151,598
  167,180
  183,480
  200,499
  218,239
  236,709
  255,922
  275,897
  296,658
Adjusted assets (=assets-cash), $m
  1,433
  2,196
  3,259
  4,695
  6,581
  8,992
  12,003
  15,681
  20,083
  25,257
  31,241
  38,057
  45,722
  54,237
  63,599
  73,798
  84,818
  96,640
  109,247
  122,620
  136,741
  151,598
  167,180
  183,480
  200,499
  218,239
  236,709
  255,922
  275,897
  296,658
Revenue / Adjusted assets
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
  0.828
Average production assets, $m
  571
  874
  1,298
  1,870
  2,621
  3,581
  4,781
  6,245
  7,998
  10,059
  12,442
  15,157
  18,209
  21,601
  25,330
  29,391
  33,780
  38,489
  43,510
  48,835
  54,460
  60,377
  66,582
  73,074
  79,852
  86,918
  94,274
  101,926
  109,881
  118,149
Working capital, $m
  122
  187
  278
  400
  561
  767
  1,024
  1,337
  1,713
  2,154
  2,664
  3,246
  3,899
  4,626
  5,424
  6,294
  7,234
  8,242
  9,317
  10,457
  11,662
  12,929
  14,258
  15,648
  17,099
  18,612
  20,187
  21,826
  23,530
  25,300
Total debt, $m
  369
  670
  1,089
  1,654
  2,397
  3,348
  4,534
  5,983
  7,717
  9,756
  12,114
  14,799
  17,819
  21,174
  24,863
  28,881
  33,223
  37,881
  42,848
  48,117
  53,681
  59,534
  65,673
  72,096
  78,801
  85,791
  93,068
  100,638
  108,508
  116,688
Total liabilities, $m
  565
  865
  1,284
  1,850
  2,593
  3,543
  4,729
  6,178
  7,913
  9,951
  12,309
  14,995
  18,014
  21,369
  25,058
  29,076
  33,418
  38,076
  43,043
  48,312
  53,876
  59,730
  65,869
  72,291
  78,997
  85,986
  93,263
  100,833
  108,704
  116,883
Total equity, $m
  868
  1,331
  1,975
  2,845
  3,988
  5,449
  7,274
  9,503
  12,170
  15,306
  18,932
  23,063
  27,707
  32,868
  38,541
  44,722
  51,399
  58,564
  66,204
  74,307
  82,865
  91,868
  101,311
  111,189
  121,502
  132,253
  143,446
  155,089
  167,194
  179,775
Total liabilities and equity, $m
  1,433
  2,196
  3,259
  4,695
  6,581
  8,992
  12,003
  15,681
  20,083
  25,257
  31,241
  38,058
  45,721
  54,237
  63,599
  73,798
  84,817
  96,640
  109,247
  122,619
  136,741
  151,598
  167,180
  183,480
  200,499
  218,239
  236,709
  255,922
  275,898
  296,658
Debt-to-equity ratio
  0.430
  0.500
  0.550
  0.580
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.640
  0.640
  0.640
  0.640
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
  0.650
Adjusted equity ratio
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  112
  248
  438
  696
  1,035
  1,468
  2,008
  2,667
  3,454
  4,379
  5,452
  6,666
  8,030
  9,543
  11,205
  13,014
  14,967
  17,060
  19,291
  21,656
  24,152
  26,776
  29,528
  32,407
  35,411
  38,542
  41,801
  45,191
  48,716
  52,379
Depreciation, amort., depletion, $m
  64
  95
  137
  194
  269
  366
  485
  632
  807
  1,013
  1,244
  1,516
  1,821
  2,160
  2,533
  2,939
  3,378
  3,849
  4,351
  4,884
  5,446
  6,038
  6,658
  7,307
  7,985
  8,692
  9,427
  10,193
  10,988
  11,815
Funds from operations, $m
  176
  343
  576
  891
  1,305
  1,834
  2,494
  3,299
  4,262
  5,392
  6,696
  8,182
  9,851
  11,703
  13,738
  15,953
  18,345
  20,909
  23,642
  26,539
  29,598
  32,814
  36,187
  39,714
  43,396
  47,233
  51,229
  55,384
  59,704
  64,194
Change in working capital, $m
  45
  65
  91
  122
  161
  206
  257
  314
  375
  441
  510
  581
  654
  726
  798
  870
  940
  1,008
  1,075
  1,140
  1,204
  1,267
  1,329
  1,390
  1,451
  1,513
  1,575
  1,639
  1,704
  1,771
Cash from operations, $m
  131
  278
  485
  768
  1,144
  1,628
  2,237
  2,985
  3,886
  4,951
  6,186
  7,600
  9,197
  10,977
  12,940
  15,083
  17,405
  19,901
  22,567
  25,399
  28,393
  31,547
  34,858
  38,324
  41,945
  45,721
  49,653
  53,745
  58,001
  62,424
Maintenance CAPEX, $m
  -36
  -57
  -87
  -130
  -187
  -262
  -358
  -478
  -625
  -800
  -1,006
  -1,244
  -1,516
  -1,821
  -2,160
  -2,533
  -2,939
  -3,378
  -3,849
  -4,351
  -4,884
  -5,446
  -6,038
  -6,658
  -7,307
  -7,985
  -8,692
  -9,427
  -10,193
  -10,988
New CAPEX, $m
  -211
  -304
  -423
  -572
  -751
  -961
  -1,199
  -1,465
  -1,753
  -2,061
  -2,383
  -2,715
  -3,052
  -3,391
  -3,729
  -4,062
  -4,389
  -4,709
  -5,021
  -5,326
  -5,624
  -5,917
  -6,206
  -6,492
  -6,778
  -7,065
  -7,356
  -7,652
  -7,955
  -8,268
Cash from investing activities, $m
  -247
  -361
  -510
  -702
  -938
  -1,223
  -1,557
  -1,943
  -2,378
  -2,861
  -3,389
  -3,959
  -4,568
  -5,212
  -5,889
  -6,595
  -7,328
  -8,087
  -8,870
  -9,677
  -10,508
  -11,363
  -12,244
  -13,150
  -14,085
  -15,050
  -16,048
  -17,079
  -18,148
  -19,256
Free cash flow, $m
  -116
  -83
  -26
  67
  206
  405
  679
  1,043
  1,508
  2,090
  2,797
  3,641
  4,629
  5,765
  7,051
  8,489
  10,077
  11,814
  13,697
  15,722
  17,886
  20,184
  22,614
  25,173
  27,859
  30,670
  33,606
  36,666
  39,853
  43,167
Issuance/(repayment) of debt, $m
  209
  301
  419
  566
  743
  950
  1,186
  1,449
  1,734
  2,039
  2,357
  2,686
  3,020
  3,355
  3,689
  4,018
  4,342
  4,658
  4,967
  5,269
  5,564
  5,854
  6,139
  6,423
  6,705
  6,990
  7,277
  7,570
  7,870
  8,180
Issuance/(repurchase) of shares, $m
  210
  214
  206
  174
  108
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  419
  515
  625
  740
  851
  950
  1,186
  1,449
  1,734
  2,039
  2,357
  2,686
  3,020
  3,355
  3,689
  4,018
  4,342
  4,658
  4,967
  5,269
  5,564
  5,854
  6,139
  6,423
  6,705
  6,990
  7,277
  7,570
  7,870
  8,180
Total cash flow (excl. dividends), $m
  302
  432
  599
  806
  1,056
  1,356
  1,866
  2,491
  3,243
  4,129
  5,154
  6,327
  7,649
  9,120
  10,740
  12,507
  14,419
  16,472
  18,664
  20,991
  23,449
  26,038
  28,754
  31,596
  34,564
  37,660
  40,883
  44,236
  47,723
  51,347
Retained Cash Flow (-), $m
  -321
  -462
  -644
  -870
  -1,143
  -1,462
  -1,825
  -2,229
  -2,668
  -3,136
  -3,626
  -4,131
  -4,644
  -5,160
  -5,674
  -6,180
  -6,678
  -7,165
  -7,640
  -8,104
  -8,558
  -9,003
  -9,443
  -9,878
  -10,313
  -10,750
  -11,193
  -11,643
  -12,105
  -12,581
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  11
  18
  27
  40
  58
  82
  112
  149
  195
  249
  314
  388
  473
  568
  674
  790
  917
  1,053
  1,200
  1,357
  1,523
  1,698
  1,883
  2,076
  2,279
  2,490
  2,711
  2,940
  3,179
  3,427
Cash available for distribution, $m
  -19
  -31
  -45
  -64
  -86
  -106
  41
  263
  575
  993
  1,528
  2,196
  3,004
  3,959
  5,066
  6,327
  7,741
  9,308
  11,024
  12,887
  14,892
  17,035
  19,311
  21,718
  24,251
  26,909
  29,690
  32,593
  35,618
  38,766
Discount rate, %
  4.40
  4.62
  4.85
  5.09
  5.35
  5.62
  5.90
  6.19
  6.50
  6.83
  7.17
  7.53
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.43
  17.25
  18.11
PV of cash for distribution, $m
  -18
  -28
  -39
  -52
  -67
  -76
  28
  163
  326
  513
  714
  919
  1,118
  1,297
  1,447
  1,559
  1,628
  1,651
  1,629
  1,565
  1,465
  1,338
  1,192
  1,036
  879
  727
  586
  461
  353
  263
Current shareholders' claim on cash, %
  80.0
  68.9
  62.6
  59.2
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8
  57.8

Newpark Resources, Inc. is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company's segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions. The Mats and Integrated Services segment provides composite mat rentals, as well as location construction and related site services, to customers at well, production, transportation and refinery locations in the United States. It manufactures and sells composite mats to customers outside of the United States, and to domestic customers outside of the oil and gas exploration market. The Fluids Systems segment offers customized solutions for technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling.

FINANCIAL RATIOS  of  Newpark Resources (NR)

Valuation Ratios
P/E Ratio -20.1
Price to Sales 1.7
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 75.1
Price to Free Cash Flow -30.6
Growth Rates
Sales Growth Rate -30.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -44.9%
Cap. Spend. - 3 Yr. Gr. Rate -11%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 14.6%
Total Debt to Equity 31.1%
Interest Coverage -6
Management Effectiveness
Return On Assets -4.3%
Ret/ On Assets - 3 Yr. Avg. -0.8%
Return On Total Capital -6%
Ret/ On T. Cap. - 3 Yr. Avg. -1.7%
Return On Equity -8%
Return On Equity - 3 Yr. Avg. -2.3%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 7.2%
Gross Margin - 3 Yr. Avg. 13.4%
EBITDA Margin -3.8%
EBITDA Margin - 3 Yr. Avg. 0.9%
Operating Margin -11.7%
Oper. Margin - 3 Yr. Avg. -4.9%
Pre-Tax Margin -13.8%
Pre-Tax Margin - 3 Yr. Avg. -6.5%
Net Profit Margin -8.7%
Net Profit Margin - 3 Yr. Avg. -4.3%
Effective Tax Rate 36.9%
Eff/ Tax Rate - 3 Yr. Avg. 29.9%
Payout Ratio 0%

NR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NR stock intrinsic value calculation we used $748 million for the last fiscal year's total revenue generated by Newpark Resources. The default revenue input number comes from 2017 income statement of Newpark Resources. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NR stock valuation model: a) initial revenue growth rate of 58.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.4%, whose default value for NR is calculated based on our internal credit rating of Newpark Resources, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Newpark Resources.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NR stock the variable cost ratio is equal to 67.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $214 million in the base year in the intrinsic value calculation for NR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8.4% for Newpark Resources.

Corporate tax rate of 27% is the nominal tax rate for Newpark Resources. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NR stock is equal to 1.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NR are equal to 48.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Newpark Resources operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NR is equal to 10.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $547 million for Newpark Resources - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 86 million for Newpark Resources is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Newpark Resources at the current share price and the inputted number of shares is $0.8 billion.

RELATED COMPANIES Price Int.Val. Rating
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COMPANY NEWS

▶ Newpark Resources Announces New Chairman   [May-21-18 07:00AM  PR Newswire]
▶ Newpark Resources, Inc. to Host Earnings Call   [Apr-27-18 08:15AM  ACCESSWIRE]
▶ Newpark: 1Q Earnings Snapshot   [05:04AM  Associated Press]
▶ Newpark Resources Reports First Quarter 2018 Results   [Apr-26-18 04:15PM  PR Newswire]
▶ Newpark Resources Announces Retirement Of Board Chairman   [Feb-27-18 06:00AM  PR Newswire]
▶ Newpark Resources, Inc. to Host Earnings Call   [Feb-09-18 07:55AM  ACCESSWIRE]
▶ Newpark reports 4Q loss   [Feb-08-18 07:23PM  Associated Press]
▶ Newpark Resources Sets 2018 Annual Meeting Date   [Jan-24-18 04:15PM  PR Newswire]
▶ Newpark Adds Rose Robeson To Its Board Of Directors   [Dec-20-17 06:00AM  PR Newswire]
▶ Analysts Target Prices for the Best-Performing OFS Stocks   [Nov-24-17 02:45PM  Market Realist]
▶ Newpark Appoints New Member To Its Board Of Directors   [Nov-16-17 04:15PM  PR Newswire]
▶ Newpark meets 3Q profit forecasts   [Oct-30-17 05:47PM  Associated Press]
▶ Newpark Resources Announces Credit Facility Amendment   [Oct-18-17 04:15PM  PR Newswire]
▶ Newpark beats 2Q profit forecasts   [12:27AM  Associated Press]
▶ Newpark Resources Reports Second Quarter 2017 Results   [Jul-27-17 04:15PM  PR Newswire]
▶ Newpark reports 1Q loss   [Apr-27-17 06:52PM  Associated Press]
▶ Newpark beats Street 4Q forecasts   [Feb-09-17 06:59PM  Associated Press]
▶ Newpark Resources Sets 2017 Annual Meeting Date   [Jan-24-17 06:00AM  PR Newswire]
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