Independence Contract Drilling Stock Return On Equity
| ICD Stock | USD 1.91 0.01 0.53% |
Independence Contract Drilling fundamentals help investors to digest information that contributes to Independence Contract's financial success or failures. It also enables traders to predict the movement of Independence Stock. The fundamental analysis module provides a way to measure Independence Contract's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Independence Contract stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.21) | (0.22) |
Independence | Return On Equity |
Independence Contract Drilling Company Return On Equity Analysis
Independence Contract's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Independence Contract Return On Equity | -0.19 |
Most of Independence Contract's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Independence Contract Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Independence Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Independence Contract is extremely important. It helps to project a fair market value of Independence Stock properly, considering its historical fundamentals such as Return On Equity. Since Independence Contract's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Independence Contract's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Independence Contract's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Independence Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Independence Contract Drilling has a Return On Equity of -0.1903. This is 90.39% lower than that of the Energy Equipment & Services sector and 96.28% lower than that of the Energy industry. The return on equity for all United States stocks is 38.61% lower than that of the firm.
Independence Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Independence Contract's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Independence Contract could also be used in its relative valuation, which is a method of valuing Independence Contract by comparing valuation metrics of similar companies.Independence Contract is currently under evaluation in return on equity category among related companies.
Independence Fundamentals
| Return On Equity | -0.19 | ||||
| Return On Asset | 0.017 | ||||
| Profit Margin | (0.18) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 181.68 M | ||||
| Shares Outstanding | 15.27 M | ||||
| Shares Owned By Insiders | 12.80 % | ||||
| Shares Owned By Institutions | 38.51 % | ||||
| Number Of Shares Shorted | 559.47 K | ||||
| Price To Earning | (4.01) X | ||||
| Price To Book | 0.17 X | ||||
| Price To Sales | 0.14 X | ||||
| Revenue | 210.11 M | ||||
| Gross Profit | 63.31 M | ||||
| EBITDA | 54.77 M | ||||
| Net Income | (37.7 M) | ||||
| Cash And Equivalents | 5.33 M | ||||
| Cash Per Share | 0.54 X | ||||
| Total Debt | 158.08 M | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 1.04 X | ||||
| Book Value Per Share | 12.59 X | ||||
| Cash Flow From Operations | 61.02 M | ||||
| Short Ratio | 5.33 X | ||||
| Earnings Per Share | (2.69) X | ||||
| Price To Earnings To Growth | (0.96) X | ||||
| Target Price | 4.5 | ||||
| Number Of Employees | 450 | ||||
| Beta | 4.96 | ||||
| Market Capitalization | 29.16 M | ||||
| Total Asset | 511.24 M | ||||
| Retained Earnings | (436.79 M) | ||||
| Working Capital | 2.99 M | ||||
| Current Asset | 29.34 M | ||||
| Current Liabilities | 18.79 M | ||||
| Net Asset | 511.24 M |
About Independence Contract Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Independence Contract Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Independence Contract using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Independence Contract Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Contract in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Contract's short interest history, or implied volatility extrapolated from Independence Contract options trading.
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Try AI Portfolio ArchitectCheck out Independence Contract Piotroski F Score and Independence Contract Altman Z Score analysis. Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Independence Stock analysis
When running Independence Contract's price analysis, check to measure Independence Contract's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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Is Independence Contract's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independence Contract. If investors know Independence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.69) | Revenue Per Share 14.995 | Quarterly Revenue Growth (0.24) | Return On Assets 0.017 | Return On Equity (0.19) |
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.