Intrinsic value of Superior Energy Services - SPN

Previous Close

$7.38

  Intrinsic Value

$0.29

stock screener

  Rating & Target

str. sell

-96%

Previous close

$7.38

 
Intrinsic value

$0.29

 
Up/down potential

-96%

 
Rating

str. sell

We calculate the intrinsic value of SPN 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 0001), $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 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.90
  13.01
  12.21
  11.49
  10.84
  10.26
  9.73
  9.26
  8.83
  8.45
  8.10
  7.79
  7.51
  7.26
  7.04
  6.83
  6.65
  6.48
  6.34
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
Revenue, $m
  2,135
  2,412
  2,707
  3,018
  3,345
  3,688
  4,047
  4,421
  4,812
  5,218
  5,641
  6,081
  6,538
  7,012
  7,506
  8,019
  8,552
  9,106
  9,683
  10,284
  10,909
  11,561
  12,240
  12,949
  13,688
  14,460
  15,266
  16,109
  16,989
  17,910
Variable operating expenses, $m
  3,637
  4,098
  4,586
  5,102
  5,645
  6,214
  6,810
  7,431
  8,079
  8,753
  9,360
  10,089
  10,847
  11,635
  12,454
  13,305
  14,189
  15,109
  16,067
  17,063
  18,101
  19,182
  20,309
  21,485
  22,712
  23,992
  25,330
  26,728
  28,189
  29,716
Fixed operating expenses, $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 operating expenses, $m
  3,637
  4,098
  4,586
  5,102
  5,645
  6,214
  6,810
  7,431
  8,079
  8,753
  9,360
  10,089
  10,847
  11,635
  12,454
  13,305
  14,189
  15,109
  16,067
  17,063
  18,101
  19,182
  20,309
  21,485
  22,712
  23,992
  25,330
  26,728
  28,189
  29,716
Operating income, $m
  -1,502
  -1,685
  -1,880
  -2,085
  -2,300
  -2,526
  -2,763
  -3,010
  -3,267
  -3,535
  -3,719
  -4,008
  -4,310
  -4,623
  -4,948
  -5,286
  -5,637
  -6,003
  -6,383
  -6,779
  -7,192
  -7,621
  -8,069
  -8,536
  -9,023
  -9,532
  -10,064
  -10,619
  -11,199
  -11,806
EBITDA, $m
  -1,009
  -1,140
  -1,280
  -1,427
  -1,581
  -1,744
  -1,913
  -2,090
  -2,275
  -2,467
  -2,667
  -2,875
  -3,091
  -3,315
  -3,549
  -3,791
  -4,043
  -4,305
  -4,578
  -4,862
  -5,158
  -5,466
  -5,787
  -6,122
  -6,472
  -6,837
  -7,218
  -7,616
  -8,032
  -8,467
Interest expense (income), $m
  93
  101
  123
  146
  170
  196
  224
  252
  282
  313
  346
  380
  415
  452
  490
  529
  570
  613
  657
  704
  752
  802
  854
  908
  965
  1,024
  1,085
  1,150
  1,217
  1,287
  1,360
Earnings before tax, $m
  -1,603
  -1,808
  -2,025
  -2,255
  -2,496
  -2,750
  -3,015
  -3,292
  -3,580
  -3,881
  -4,098
  -4,423
  -4,761
  -5,112
  -5,477
  -5,856
  -6,250
  -6,660
  -7,087
  -7,531
  -7,993
  -8,475
  -8,977
  -9,501
  -10,047
  -10,618
  -11,213
  -11,836
  -12,487
  -13,167
Tax expense, $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
Net income, $m
  -1,603
  -1,808
  -2,025
  -2,255
  -2,496
  -2,750
  -3,015
  -3,292
  -3,580
  -3,881
  -4,098
  -4,423
  -4,761
  -5,112
  -5,477
  -5,856
  -6,250
  -6,660
  -7,087
  -7,531
  -7,993
  -8,475
  -8,977
  -9,501
  -10,047
  -10,618
  -11,213
  -11,836
  -12,487
  -13,167

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
  3,540
  4,000
  4,489
  5,005
  5,547
  6,116
  6,711
  7,332
  7,980
  8,654
  9,355
  10,084
  10,842
  11,629
  12,447
  13,298
  14,182
  15,102
  16,058
  17,054
  18,092
  19,172
  20,299
  21,474
  22,700
  23,980
  25,317
  26,714
  28,174
  29,701
Adjusted assets (=assets-cash), $m
  3,540
  4,000
  4,489
  5,005
  5,547
  6,116
  6,711
  7,332
  7,980
  8,654
  9,355
  10,084
  10,842
  11,629
  12,447
  13,298
  14,182
  15,102
  16,058
  17,054
  18,092
  19,172
  20,299
  21,474
  22,700
  23,980
  25,317
  26,714
  28,174
  29,701
Revenue / Adjusted assets
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
  0.603
Average production assets, $m
  2,228
  2,518
  2,826
  3,151
  3,492
  3,850
  4,225
  4,616
  5,023
  5,448
  5,889
  6,348
  6,825
  7,321
  7,836
  8,371
  8,928
  9,507
  10,109
  10,736
  11,389
  12,070
  12,779
  13,519
  14,291
  15,096
  15,938
  16,817
  17,737
  18,698
Working capital, $m
  220
  248
  279
  311
  345
  380
  417
  455
  496
  537
  581
  626
  673
  722
  773
  826
  881
  938
  997
  1,059
  1,124
  1,191
  1,261
  1,334
  1,410
  1,489
  1,572
  1,659
  1,750
  1,845
Total debt, $m
  1,553
  1,846
  2,157
  2,485
  2,830
  3,192
  3,570
  3,965
  4,377
  4,806
  5,252
  5,715
  6,197
  6,698
  7,219
  7,759
  8,322
  8,907
  9,515
  10,149
  10,808
  11,496
  12,212
  12,960
  13,739
  14,554
  15,404
  16,292
  17,221
  18,192
Total liabilities, $m
  2,251
  2,544
  2,855
  3,183
  3,528
  3,890
  4,268
  4,663
  5,075
  5,504
  5,950
  6,413
  6,895
  7,396
  7,917
  8,457
  9,020
  9,605
  10,213
  10,847
  11,506
  12,194
  12,910
  13,658
  14,437
  15,252
  16,102
  16,990
  17,919
  18,890
Total equity, $m
  1,289
  1,456
  1,634
  1,822
  2,019
  2,226
  2,443
  2,669
  2,905
  3,150
  3,405
  3,671
  3,946
  4,233
  4,531
  4,840
  5,162
  5,497
  5,845
  6,208
  6,585
  6,979
  7,389
  7,817
  8,263
  8,729
  9,216
  9,724
  10,255
  10,811
Total liabilities and equity, $m
  3,540
  4,000
  4,489
  5,005
  5,547
  6,116
  6,711
  7,332
  7,980
  8,654
  9,355
  10,084
  10,841
  11,629
  12,448
  13,297
  14,182
  15,102
  16,058
  17,055
  18,091
  19,173
  20,299
  21,475
  22,700
  23,981
  25,318
  26,714
  28,174
  29,701
Debt-to-equity ratio
  1.210
  1.270
  1.320
  1.360
  1.400
  1.430
  1.460
  1.490
  1.510
  1.530
  1.540
  1.560
  1.570
  1.580
  1.590
  1.600
  1.610
  1.620
  1.630
  1.630
  1.640
  1.650
  1.650
  1.660
  1.660
  1.670
  1.670
  1.680
  1.680
  1.680
Adjusted equity ratio
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364
  0.364

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -1,603
  -1,808
  -2,025
  -2,255
  -2,496
  -2,750
  -3,015
  -3,292
  -3,580
  -3,881
  -4,098
  -4,423
  -4,761
  -5,112
  -5,477
  -5,856
  -6,250
  -6,660
  -7,087
  -7,531
  -7,993
  -8,475
  -8,977
  -9,501
  -10,047
  -10,618
  -11,213
  -11,836
  -12,487
  -13,167
Depreciation, amort., depletion, $m
  493
  545
  600
  658
  719
  783
  850
  919
  992
  1,068
  1,052
  1,134
  1,219
  1,307
  1,399
  1,495
  1,594
  1,698
  1,805
  1,917
  2,034
  2,155
  2,282
  2,414
  2,552
  2,696
  2,846
  3,003
  3,167
  3,339
Funds from operations, $m
  -1,110
  -1,263
  -1,426
  -1,597
  -1,778
  -1,967
  -2,165
  -2,372
  -2,588
  -2,813
  -3,047
  -3,290
  -3,542
  -3,805
  -4,078
  -4,361
  -4,656
  -4,963
  -5,282
  -5,614
  -5,959
  -6,320
  -6,695
  -7,087
  -7,495
  -7,922
  -8,367
  -8,833
  -9,319
  -9,828
Change in working capital, $m
  27
  29
  30
  32
  34
  35
  37
  39
  40
  42
  44
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  70
  73
  76
  80
  83
  87
  91
  95
Cash from operations, $m
  -1,137
  -1,292
  -1,456
  -1,629
  -1,811
  -2,002
  -2,202
  -2,411
  -2,628
  -2,855
  -3,090
  -3,335
  -3,589
  -3,854
  -4,129
  -4,414
  -4,711
  -5,020
  -5,341
  -5,676
  -6,024
  -6,387
  -6,765
  -7,160
  -7,572
  -8,001
  -8,450
  -8,920
  -9,410
  -9,923
Maintenance CAPEX, $m
  -349
  -398
  -450
  -505
  -563
  -624
  -688
  -754
  -824
  -897
  -973
  -1,052
  -1,134
  -1,219
  -1,307
  -1,399
  -1,495
  -1,594
  -1,698
  -1,805
  -1,917
  -2,034
  -2,155
  -2,282
  -2,414
  -2,552
  -2,696
  -2,846
  -3,003
  -3,167
New CAPEX, $m
  -273
  -290
  -307
  -325
  -341
  -358
  -375
  -391
  -408
  -424
  -441
  -459
  -477
  -496
  -515
  -535
  -557
  -579
  -602
  -627
  -653
  -680
  -709
  -740
  -772
  -806
  -842
  -879
  -919
  -961
Cash from investing activities, $m
  -622
  -688
  -757
  -830
  -904
  -982
  -1,063
  -1,145
  -1,232
  -1,321
  -1,414
  -1,511
  -1,611
  -1,715
  -1,822
  -1,934
  -2,052
  -2,173
  -2,300
  -2,432
  -2,570
  -2,714
  -2,864
  -3,022
  -3,186
  -3,358
  -3,538
  -3,725
  -3,922
  -4,128
Free cash flow, $m
  -1,759
  -1,980
  -2,213
  -2,458
  -2,715
  -2,984
  -3,264
  -3,556
  -3,860
  -4,176
  -4,505
  -4,846
  -5,200
  -5,568
  -5,951
  -6,349
  -6,763
  -7,193
  -7,641
  -8,108
  -8,594
  -9,101
  -9,630
  -10,181
  -10,758
  -11,359
  -11,988
  -12,645
  -13,332
  -14,051
Issuance/(repayment) of debt, $m
  274
  293
  311
  328
  345
  362
  378
  395
  412
  429
  446
  464
  482
  501
  520
  541
  562
  585
  609
  633
  660
  687
  717
  747
  780
  814
  850
  888
  929
  971
Issuance/(repurchase) of shares, $m
  1,760
  1,976
  2,203
  2,443
  2,694
  2,957
  3,232
  3,518
  3,816
  4,126
  4,354
  4,689
  5,037
  5,399
  5,775
  6,166
  6,572
  6,995
  7,435
  7,893
  8,371
  8,868
  9,387
  9,929
  10,494
  11,084
  11,700
  12,344
  13,018
  13,723
Cash from financing (excl. dividends), $m  
  2,034
  2,269
  2,514
  2,771
  3,039
  3,319
  3,610
  3,913
  4,228
  4,555
  4,800
  5,153
  5,519
  5,900
  6,295
  6,707
  7,134
  7,580
  8,044
  8,526
  9,031
  9,555
  10,104
  10,676
  11,274
  11,898
  12,550
  13,232
  13,947
  14,694
Total cash flow (excl. dividends), $m
  274
  289
  301
  312
  323
  335
  346
  357
  368
  379
  295
  307
  319
  331
  344
  358
  372
  387
  403
  419
  436
  455
  474
  494
  516
  539
  563
  588
  614
  642
Retained Cash Flow (-), $m
  -1,760
  -1,976
  -2,203
  -2,443
  -2,694
  -2,957
  -3,232
  -3,518
  -3,816
  -4,126
  -4,354
  -4,689
  -5,037
  -5,399
  -5,775
  -6,166
  -6,572
  -6,995
  -7,435
  -7,893
  -8,371
  -8,868
  -9,387
  -9,929
  -10,494
  -11,084
  -11,700
  -12,344
  -13,018
  -13,723
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
  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 available for distribution, $m
  -1,485
  -1,687
  -1,902
  -2,130
  -2,370
  -2,622
  -2,886
  -3,161
  -3,448
  -3,747
  -4,059
  -4,382
  -4,718
  -5,068
  -5,431
  -5,808
  -6,200
  -6,608
  -7,033
  -7,474
  -7,934
  -8,414
  -8,913
  -9,434
  -9,978
  -10,545
  -11,138
  -11,757
  -12,404
  -13,080
Discount rate, %
  8.20
  8.61
  9.04
  9.49
  9.97
  10.47
  10.99
  11.54
  12.12
  12.72
  13.36
  14.02
  14.73
  15.46
  16.24
  17.05
  17.90
  18.79
  19.73
  20.72
  21.76
  22.84
  23.99
  25.19
  26.45
  27.77
  29.16
  30.61
  32.15
  33.75
PV of cash for distribution, $m
  -1,373
  -1,430
  -1,467
  -1,482
  -1,474
  -1,443
  -1,391
  -1,320
  -1,232
  -1,132
  -1,022
  -907
  -791
  -677
  -569
  -468
  -377
  -298
  -230
  -173
  -127
  -91
  -63
  -43
  -28
  -18
  -11
  -7
  -4
  -2
Current shareholders' claim on cash, %
  39.3
  15.6
  6.2
  2.5
  1.0
  0.4
  0.2
  0.1
  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
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company's segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.

FINANCIAL RATIOS  of  Superior Energy Services (SPN)

Valuation Ratios
P/E Ratio -1.3
Price to Sales 0.8
Price to Book 0.9
Price to Tangible Book
Price to Cash Flow 18.4
Price to Free Cash Flow -56
Growth Rates
Sales Growth Rate -47.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -80%
Cap. Spend. - 3 Yr. Gr. Rate -33.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity 98.5%
Total Debt to Equity 98.5%
Interest Coverage -11
Management Effectiveness
Return On Assets -19.5%
Ret/ On Assets - 3 Yr. Avg. -14.7%
Return On Total Capital -27.6%
Ret/ On T. Cap. - 3 Yr. Avg. -20.7%
Return On Equity -50.5%
Return On Equity - 3 Yr. Avg. -34.4%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 22.6%
Gross Margin - 3 Yr. Avg. 31.8%
EBITDA Margin -34.3%
EBITDA Margin - 3 Yr. Avg. -18.9%
Operating Margin -71%
Oper. Margin - 3 Yr. Avg. -43.1%
Pre-Tax Margin -75.9%
Pre-Tax Margin - 3 Yr. Avg. -46.8%
Net Profit Margin -61.2%
Net Profit Margin - 3 Yr. Avg. -40.8%
Effective Tax Rate 24.3%
Eff/ Tax Rate - 3 Yr. Avg. 24.3%
Payout Ratio -1.4%

SPN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SPN stock intrinsic value calculation we used $1874.076 million for the last fiscal year's total revenue generated by Superior Energy Services. The default revenue input number comes from 0001 income statement of Superior Energy Services. 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 SPN stock valuation model: a) initial revenue growth rate of 13.9% 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 8.2%, whose default value for SPN is calculated based on our internal credit rating of Superior Energy Services, 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 Superior Energy Services.
    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 SPN stock the variable cost ratio is equal to 171%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SPN 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 7.9% for Superior Energy Services.

Corporate tax rate of 27% is the nominal tax rate for Superior Energy Services. 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 SPN stock is equal to 0%.

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 SPN are equal to 104.4%.

Life of production assets of 5.6 years is the average useful life of capital assets used in Superior Energy Services 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 SPN 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 - $1132.429 million for Superior Energy Services - 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 154.526 million for Superior Energy Services 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 Superior Energy Services at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
HAL Halliburton 32.45 1.60  str.sell
BAS Basic Energy S 7.25 106.29  str.buy
SLB Schlumberger 48.08 40.68  sell
NOV National Oilwe 33.50 2.98  str.sell
TTI Tetra Technolo 2.58 0.31  str.sell
PES Pioneer Energy 2.77 16.93  str.buy

COMPANY NEWS

▶ Superior Energy: 3Q Earnings Snapshot   [04:22PM  Associated Press]
▶ Will Dril-Quip Stock Continue to Range Trade Into Earnings?   [Oct-09-18 08:28AM  InvestorPlace]
▶ Best Sectors to Sell Short in 2018   [Aug-09-18 06:00AM  Investopedia]
▶ Superior Energy: 2Q Earnings Snapshot   [Jul-24-18 04:27PM  Associated Press]
▶ Superior Energy: 1Q Earnings Snapshot   [Apr-24-18 04:40PM  Associated Press]
▶ Why Oil Stocks Are Red-Hot Today   [Apr-10-18 04:10PM  Motley Fool]
▶ Edited Transcript of SPN presentation 6-Mar-17 8:25pm GMT   [10:59AM  Thomson Reuters StreetEvents]
▶ Superior Energy misses Street 4Q forecasts   [05:01AM  Associated Press]
▶ Wall Streets Forecasts for NOV ahead of 4Q17 Earnings   [Jan-26-18 07:30AM  Market Realist]
▶ Analysts Forecast for Halliburton after Its 4Q17 Earnings   [Jan-23-18 12:07PM  Market Realist]
▶ Gauging Short Interest in Weatherford International   [Jan-22-18 07:32AM  Market Realist]
▶ Short Interest in Halliburton on January 4   [Jan-11-18 09:02AM  Market Realist]
▶ Analyzing Halliburtons Revenue and Earnings in 3Q17   [Jan-10-18 02:00PM  Market Realist]
▶ The Top Oilfield Services Free Cash Earner in 3Q17   [Dec-27-17 02:35PM  Market Realist]
▶ Oilfield Services Gainers: BAS, SPN, BHGE, IO, and NOV   [Nov-08-17 02:40PM  Market Realist]
▶ WFT, FMSA, and SPN: Returns and Outlook after 3Q17   [Nov-07-17 10:30AM  Market Realist]
▶ Why Weatherfords 3Q17 Earnings Beat Estimates   [09:03AM  Market Realist]
▶ Superior Energy reports 3Q loss   [Oct-23-17 04:47PM  Associated Press]
▶ Gauging Short Interest in SPN, HAL, NOV, FMSA, and PTEN   [Aug-29-17 10:39AM  Market Realist]
▶ Why Superior Energy Services Free Cash Growth Beats Peers   [Aug-28-17 05:35PM  Market Realist]
▶ Analyzing Fairmount Santrols 2Q17 Segmental Performance   [Aug-04-17 03:05PM  Market Realist]
▶ Basic Energy Services 2Q17 Earnings Beat Estimates   [Aug-02-17 06:05PM  Market Realist]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.