Stock PDS PRECISION DRILLING CORPORATION
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Financials Precision Drilling Corporation Nyse

Equities

PDS

CA74022D4075

Oil & Gas Drilling

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
72.3 USD +5.12% Intraday chart for Precision Drilling Corporation +8.20% +33.17%
Apr. 25 Transcript : Precision Drilling Corporation, Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25 Precision Drilling Down 2% as Posts 62% Drop in Q1 Net Earnings; Sector Perform Rating Reiterated by National Bank of Canada MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 523.2 286.2 594.6 1,402 1,047 1,432 - -
Enterprise Value (EV) 1 1,943 1,475 1,663 2,468 1,911 2,089 1,820 1,938
P/E ratio 90.5 x -2.39 x -3.36 x -41 x 3.68 x 11.1 x 7.84 x 6.14 x
Yield - - - - - - - -
Capitalization / Revenue 0.34 x 0.31 x 0.6 x 0.87 x 0.54 x 0.71 x 0.68 x 0.67 x
EV / Revenue 1.26 x 1.58 x 1.69 x 1.53 x 0.99 x 1.04 x 0.86 x 0.9 x
EV / EBITDA 4.96 x 5.6 x 8.63 x 7.92 x 3.13 x 3.76 x 2.99 x 3.26 x
EV / FCF 15.1 x 8.96 x 26.3 x 46.7 x 6.98 x 7.44 x 5.6 x 5.94 x
FCF Yield 6.6% 11.2% 3.81% 2.14% 14.3% 13.4% 17.8% 16.8%
Price to Book 0.33 x 0.2 x 0.49 x 1.14 x 0.7 x 0.84 x 0.76 x -
Nbr of stocks (in thousands) 14,452 13,672 13,304 13,516 14,556 14,479 - -
Reference price 2 36.20 20.93 44.69 103.7 71.96 98.91 98.91 98.91
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/6/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,541 935.8 986.8 1,617 1,938 2,008 2,114 2,144
EBITDA 1 391.9 263.4 192.8 311.6 611.1 556.2 609.6 595.2
EBIT 1 64.73 -34.86 -89.55 32.57 313.6 254.7 311.7 312
Operating Margin 4.2% -3.73% -9.07% 2.01% 16.18% 12.69% 14.74% 14.55%
Earnings before Tax (EBT) 1 -8.339 -109.2 -182.8 -14.14 265.8 184.6 269.8 267.3
Net income 1 6.618 -120.1 -177.4 -34.29 289.2 130.4 195.5 216.4
Net margin 0.43% -12.84% -17.98% -2.12% 14.93% 6.49% 9.25% 10.09%
EPS 2 0.4000 -8.760 -13.32 -2.530 19.53 8.940 12.62 16.12
Free Cash Flow 1 128.3 164.6 63.28 52.85 273.8 280.9 324.7 326.5
FCF margin 8.32% 17.59% 6.41% 3.27% 14.13% 13.99% 15.36% 15.22%
FCF Conversion (EBITDA) 32.73% 62.48% 32.83% 16.96% 44.81% 50.49% 53.27% 54.86%
FCF Conversion (Net income) 1,938.24% - - - 94.67% 215.45% 166.11% 150.84%
Dividend per Share - - - - - - - -
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/6/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 295.2 351.3 326 429.3 510.5 558.6 425.6 446.8 506.9 527.8 429.4 494.7 514.3 553.6 447.8
EBITDA 1 63.88 36.86 64.1 119.6 91.09 203.2 142.1 114.6 151.2 143.1 109.1 144.8 153.7 170 120.9
EBIT 1 -7.297 -31.6 - 50.11 19.72 131.7 68 41.38 72.5 64.94 34.13 72.33 81.37 98.7 46.9
Operating Margin -2.47% -8.99% - 11.67% 3.86% 23.57% 15.98% 9.26% 14.3% 12.3% 7.95% 14.62% 15.82% 17.83% 10.47%
Earnings before Tax (EBT) 1 -26.67 -43.13 - 37 12.77 114.3 45.68 27.69 78.12 49.64 18.6 54.4 64.53 87.2 36.4
Net income 1 -27.34 -43.84 - 30.68 3.483 95.83 26.9 19.79 146.7 36.52 4 35.1 44.8 61.2 22.65
Net margin -9.26% -12.48% - 7.15% 0.68% 17.16% 6.32% 4.43% 28.95% 6.92% 0.93% 7.1% 8.71% 11.06% 5.06%
EPS 2 -2.050 -3.250 -1.810 2.030 0.2700 5.570 1.630 1.450 9.810 2.530 0.2400 2.498 3.160 3.958 1.575
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/10/22 4/28/22 7/27/22 10/27/22 2/9/23 4/26/23 7/27/23 10/26/23 2/6/24 4/25/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,420 1,189 1,068 1,067 863 657 388 506
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.623 x 4.512 x 5.542 x 3.423 x 1.413 x 1.182 x 0.6359 x 0.8502 x
Free Cash Flow 1 128 165 63.3 52.9 274 281 325 327
ROE (net income / shareholders' equity) -1.51% -8.19% -13.5% -2.79% 20.6% 6.88% 9.03% 11%
ROA (Net income/ Total Assets) -0.67% -3.9% - -1.24% - 3.8% 5.2% -
Assets 1 -983.7 3,084 - 2,769 - 3,430 3,759 -
Book Value Per Share 2 110.0 103.0 92.00 90.80 103.0 118.0 131.0 -
Cash Flow per Share 2 19.40 16.50 10.50 17.50 32.70 32.80 38.30 39.70
Capex 1 160 61.5 75.9 184 227 196 199 219
Capex / Sales 10.37% 6.58% 7.7% 11.39% 11.7% 9.77% 9.43% 10.19%
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/6/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Precision Drilling Corporation

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
98.91 CAD
Average target price
125.8 CAD
Spread / Average Target
+27.20%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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