Independence Contract Drilling Stock Revenue
| 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 | ||
| Total Revenue | 210.1 M | 118.4 M |
Independence | Revenue |
Independence Contract Drilling Company Revenue Analysis
Independence Contract's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Independence Contract Revenue | 210.11 M |
Most of Independence Contract's fundamental indicators, such as Revenue, 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.
Historical and Projected quarterly revenue of Independence
Projected quarterly revenue analysis of Independence Contract provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Independence Contract match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Independence Contract's stock price.
Independence Revenue 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 Revenue. 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.
| 0.03 | -0.07 | 0.13 | 0.53 | 0.3 | ||
| 0.03 | 0.97 | 0.73 | -0.16 | 0.79 | ||
| -0.07 | 0.97 | 0.78 | -0.26 | 0.74 | ||
| 0.13 | 0.73 | 0.78 | -0.01 | 0.86 | ||
| 0.53 | -0.16 | -0.26 | -0.01 | 0.15 | ||
| 0.3 | 0.79 | 0.74 | 0.86 | 0.15 |
Click cells to compare fundamentals
Independence Revenue Historical Pattern
Today, most investors in Independence Contract Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Independence Contract's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Independence Contract revenue as a starting point in their analysis.
Independence Contract Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Independence Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Independence Contract Drilling reported 210.11 M of revenue. This is 99.57% lower than that of the Energy Equipment & Services sector and 87.12% lower than that of the Energy industry. The revenue for all United States stocks is 97.77% higher than that of the company.
Independence Revenue 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 Revenue 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 revenue category among related companies.
Independence Contract Institutional Holders
Institutional Holdings refers to the ownership stake in Independence Contract that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Independence Contract's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Independence Contract's value.| Shares | Blackrock Inc | 2023-09-30 | 65.9 K | E & G Advisors Lp | 2023-12-31 | 54.6 K | Susquehanna International Group, Llp | 2023-09-30 | 49.3 K | Millennium Management Llc | 2023-09-30 | 34.5 K | State Street Corporation | 2023-09-30 | 31.6 K | Squarepoint Ops Llc | 2023-09-30 | 27 K | Bank Of New York Mellon Corp | 2023-09-30 | 23.9 K | Acadian Asset Management Llc | 2023-09-30 | 18.7 K | Northern Trust Corp | 2023-09-30 | 17.3 K | Msd Partners, L.p. | 2023-09-30 | 1.7 M | Tejara Capital Ltd | 2023-09-30 | 439.9 K |
Independence Fundamentals
| Return On Equity | -0.19 | ||||
| Return On Asset | 0.017 | ||||
| Profit Margin | (0.18) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 181.37 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 | 28.85 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.
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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.