A Business at a Glance
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NCS Multistage Holdings, Inc.
NCSM
$130M
Mkt Cap
$47.23
+7.34%
NCS Multistage Holdings, Inc. (NCSM) has a current P/E ratio of 10.4, compared to its historical median P/E of 9.7. The stock is currently considered Expensive based on its historical valuation range.
NCS Multistage Holdings, Inc. (NCSM) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
NCS Multistage Holdings, Inc. (NCSM) has a market capitalization of $124M. It is classified as a small-cap stock.
NCS Multistage Holdings, Inc. (NCSM) does not currently pay a regular dividend.
Based on historical P/E analysis, NCS Multistage Holdings, Inc. (NCSM) appears expensive. The current P/E of 10.4 is 7% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 19.6%.
NCS Multistage Holdings, Inc. (NCSM) operates in the Oil & Gas Field Services, Nec industry, within the Energy sector.
NCS Multistage Holdings, Inc. (NCSM) reported annual revenue of $184 million in its most recent fiscal year, based on SEC EDGAR filings.
NCS Multistage Holdings, Inc. (“NCS,” the “Company,” “we,” “our” or “us”) is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies. We provide our products and services primarily to E&P companies for use in onshore and offshore wells, predominantly wells that have been drilled with horizontal laterals in both unconventional and conventional oil and natural gas formations. Our products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including the North Sea, the Middle East, Argentina and China. Our extensive research and development efforts are influenced and driven by the needs of our customers, allowing us to introduce innovative and commercial solutions that improve customer efficiency and profitability.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 179M | 184M | 163M | 142M | 156M | 119M |
| Net Income | 19M | 24M | 6.6M | -3.2M | -1.1M | -4.7M |
| EPS | $7.60 | $8.65 | $2.55 | $-1.27 | $-0.45 | $-1.98 |
| Free Cash Flow | 24M | 21M | 11M | 2.9M | -2.5M | 11M |
| ROIC | 13.7% | 11.5% | 5.0% | -3.2% | -1.1% | -4.8% |
| Gross Margin | - | 41.1% | 41.5% | 39.0% | 38.8% | 40.9% |
| Debt/Equity | 0.06 | 0.10 | 0.15 | 0.15 | 0.14 | 0.14 |
| Dividends/Share | $0.00 | - | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 7.1M | 11M | 4.3M | -5.5M | -2.3M | -5.1M |
| Operating Margin | 4.0% | 5.7% | 2.7% | -3.9% | -1.4% | -4.3% |
| ROE | 15.5% | 21.1% | 6.9% | -3.5% | -1.2% | -5.1% |
| Shares Outstanding | 3M | 3M | 3M | 2M | 2M | 2M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 114M | 98M | 202M | 227M | 205M | 107M | 119M | 156M | 142M | 163M | 184M | 179M |
| Gross Margin | 52.0% | 45.3% | 51.0% | 52.3% | 47.4% | 41.2% | 40.9% | 38.8% | 39.0% | 41.5% | 41.1% | N/A |
| R&D | 3.0M | 3.3M | 3.0M | 3.8M | 2.8M | 1.9M | 2.1M | 2.7M | 2.5M | 2.0M | 2.0M | 2.0M |
| SG&A | 38M | 37M | 65M | 83M | 89M | 59M | 49M | 58M | 57M | 58M | 59M | 58M |
| EBIT | -5.8M | -18M | 5.0M | -207M | -9.5M | -71M | -5.1M | -2.3M | -5.5M | 4.3M | 11M | 7.1M |
| Op. Margin | -5.1% | -18.3% | 2.5% | -91.1% | -4.6% | -66.8% | -4.3% | -1.4% | -3.9% | 2.7% | 5.7% | 4.0% |
| Net Income | 26M | -18M | 2.0M | -190M | -33M | -58M | -4.7M | -1.1M | -3.2M | 6.6M | 24M | 19M |
| Net Margin | 23.2% | -18.2% | 1.0% | -83.9% | -16.0% | -53.8% | -4.0% | -0.7% | -2.2% | 4.1% | 12.9% | 10.8% |
| Non-Recurring | -744K | 143K | 33K | 154M | 8.2M | 6.3M | 378K | 361K | 1.1M | 506K | 496K | 496K |
| Returns on Capital | ||||||||||||
| ROIC | -23.5% | -7.9% | 1.1% | -67.6% | -6.1% | -45.3% | -4.8% | -1.1% | -3.2% | 5.0% | 11.5% | 13.7% |
| ROE | N/A | -9.8% | 0.8% | -73.5% | -21.5% | -48.4% | -5.1% | -1.2% | -3.5% | 6.9% | 21.1% | 15.5% |
| ROA | 107.5% | -10.2% | 0.5% | -54.9% | -15.2% | -33.8% | -3.4% | -0.8% | -2.2% | 4.3% | 14.2% | 11.1% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 4.4M | 11M | 16M | 14M | 18M | 35M | 12M | -1.4M | 4.8M | 13M | 22M | 25M |
| Free Cash Flow | 3.5M | 9.5M | 11M | 2.9M | 12M | 33M | 11M | -2.5M | 2.9M | 11M | 21M | 24M |
| Owner Earnings | -24M | -16M | -18M | -15M | -5.0M | 21M | 461K | -12M | -5.2M | 2.2M | 10M | 13M |
| CapEx | 890K | 1.2M | 5.4M | 11M | 6.1M | 2.1M | 495K | 1.0M | 1.9M | 1.3M | 1.2M | 1.3M |
| Maint. CapEx | 27M | 26M | 28M | 18M | 10M | 5.9M | 4.5M | 4.3M | 4.6M | 5.3M | 5.9M | 6.1M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 27M | 26M | 28M | 18M | 10M | 5.9M | 4.5M | 4.3M | 4.6M | 5.3M | 5.9M | 6.1M |
| CapEx/OCF | N/A | N/A | 33.3% | 79.4% | 34.1% | 6.0% | 4.3% | N/A | 39.4% | 10.3% | N/A | 5.3% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 175K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 1.3M | 1.4M | 6.1M | 11M | 13M | 8.5M | 6.6M | 6.0M | 5.4M | 5.2M | 6.2M | 6.0M |
| Debt Repayment | 1.2M | 0 | 0 | 0 | 10M | 15M | 360K | 12M | 12M | 3.1M | 2.3M | 2.3M |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | 71M | -6.8M | 560K | 7.2M | -3.9M | -9.0M | -3.4M | -3.2M | -11M | -24M | -27M |
| Cash & Equiv. | 9.5M | 18M | 34M | 25M | 11M | 16M | 22M | 16M | 17M | 26M | 37M | 34M |
| Long-Term Debt | N/A | 88M | 22M | 23M | 11M | 4.4M | 6.3M | 6.4M | 6.3M | 6.0M | 5.3M | 4.9M |
| Debt/Equity | N/A | 0.50 | 0.08 | 0.16 | 0.13 | 0.12 | 0.14 | 0.14 | 0.15 | 0.15 | 0.10 | 0.06 |
| Interest Coverage | -57.8 | -179.8 | 24.8 | -2066.6 | -36.9 | -238.1 | -15.7 | -6.2 | -12.5 | 7.8 | 18.8 | 18.8 |
| Equity | N/A | 177M | 357M | 161M | 145M | 94M | 93M | 91M | 92M | 99M | 126M | 125M |
| Total Assets | 25M | 327M | 464M | 230M | 203M | 139M | 142M | 139M | 152M | 153M | 181M | 175M |
| Total Liabilities | N/A | 149M | 95M | 53M | 39M | 25M | 32M | 29M | 43M | 37M | 38M | 31M |
| Intangibles | N/A | 119M | 136M | 49M | 45M | 6.4M | 5.7M | 5.1M | 4.4M | 3.7M | 6.0M | 5.7M |
| Retained Earnings | N/A | 22M | 24M | -166M | -199M | -257M | -261M | -262M | -266M | -259M | -235M | -236M |
| Working Capital | N/A | 57M | 86M | 89M | 81M | 69M | 69M | 70M | 71M | 80M | 93M | 95M |
| Current Assets | N/A | 75M | 118M | 115M | 101M | 84M | 88M | 88M | 103M | 106M | 122M | 117M |
| Current Liabilities | N/A | 18M | 32M | 26M | 20M | 15M | 20M | 18M | 32M | 25M | 29M | 22M |
| Per Share Data | ||||||||||||
| EPS | 17.20 | -10.60 | 1.00 | -84.45 | -281.60 | -487.40 | -1.98 | -0.45 | -1.27 | 2.55 | 8.65 | 7.60 |
| Owner EPS | -15.76 | -9.60 | -8.62 | -6.54 | -43.15 | 175.53 | 0.19 | -4.81 | -2.10 | 0.85 | 3.67 | 4.95 |
| Book Value | N/A | 104.94 | 174.33 | 71.57 | 1,240.66 | 792.11 | 38.72 | 37.17 | 36.90 | 38.23 | 45.98 | 47.56 |
| Cash Flow/Share | 2.84 | 6.32 | 7.87 | 6.22 | 153.99 | 297.16 | 4.84 | -0.58 | 1.92 | 4.92 | 8.08 | 9.69 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | 0.00 |
| Shares Out. | 1.5M | 1.7M | 2.0M | 2.3M | 0.1M | 0.1M | 2.4M | 2.4M | 2.5M | 2.6M | 2.7M | 2.6M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | 296.4 | N/A | N/A | N/A | N/A | N/A | N/A | 9.7 | N/A | 6.2 |
| P/FCF | N/A | N/A | 56.5 | 80.4 | 0.4 | 0.1 | 6.3 | N/A | 15.3 | 5.6 | N/A | 5.2 |
| EV/EBIT | N/A | N/A | 119.9 | N/A | N/A | N/A | N/A | N/A | N/A | 9.3 | N/A | 13.6 |
| Price/Book | N/A | N/A | 1.7 | 1.4 | 0.7 | 0.6 | 0.8 | 0.7 | 0.5 | 0.6 | N/A | 1.0 |
| Price/Sales | N/A | N/A | 4.4 | 2.9 | 0.8 | 0.4 | 0.6 | 0.6 | 0.3 | 0.3 | N/A | 0.7 |
| FCF Yield | N/A | N/A | 1.7% | 1.3% | 11.8% | 57.8% | 15.9% | -4.1% | 6.5% | 17.9% | N/A | 19.2% |
| Market Cap | 0 | N/A | 623M | 231M | 100M | 57M | 70M | 60M | 44M | 64M | 0 | 124M |
| Avg. Price | 0.00 | N/A | 422.21 | 289.42 | 69.96 | 17.32 | 29.47 | 35.22 | 18.97 | 18.38 | 0.00 | 47.23 |
| Year-End Price | 0.00 | N/A | 296.40 | 103.20 | 43.00 | 24.15 | 29.25 | 24.51 | 17.85 | 24.72 | 0.00 | 47.23 |
NCS Multistage Holdings, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
NCS Multistage Holdings, Inc. trades at 10.4x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 6.5x vs a median of 6.3x. The company's 5-year average ROIC is 1.5% with a gross margin of 40.3%. At current prices, the estimated annualized return to fair value is -13.5%.
NCS Multistage Holdings, Inc. (NCSM) has a net profit margin of 12.9%. This is a healthy margin.
NCS Multistage Holdings, Inc. (NCSM) generated $21 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NCS Multistage Holdings, Inc. (NCSM) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
NCS Multistage Holdings, Inc. (NCSM) reported earnings per share (EPS) of $8.65 in its most recent fiscal year.
NCS Multistage Holdings, Inc. (NCSM) has a return on equity (ROE) of 21.1%. This indicates the company generates strong returns for shareholders.
NCS Multistage Holdings, Inc. (NCSM) has a 5-year average gross margin of 40.3%. This indicates decent pricing power.
The Ledger Terminal provides 11 years of financial data for NCS Multistage Holdings, Inc. (NCSM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NCS Multistage Holdings, Inc. (NCSM) has a book value per share of $45.98, based on its most recent annual SEC filing.
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