Independence Contract Drilling Stock Current Valuation
| ICD Stock | USD 1.86 0.08 4.12% |
Valuation analysis of Independence Contract helps investors to measure Independence Contract's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of April 28, 2024, Enterprise Value Over EBITDA is expected to decline to 3.24. In addition to that, Enterprise Value Multiple is expected to decline to 3.24. Fundamental drivers impacting Independence Contract's valuation include:
Price Book 0.1665 | Enterprise Value 180.9 M | Enterprise Value Ebitda 4.5541 | Price Sales 0.1439 | Forward PE 3.4495 |
Undervalued
Today
Please note that Independence Contract's price fluctuation is risky at this time. Calculation of the real value of Independence Contract is based on 3 months time horizon. Increasing Independence Contract's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Independence Contract Drilling is useful when determining the fair value of the Independence stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Independence Contract. Since Independence Contract is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Independence Stock. However, Independence Contract's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 1.86 | Real 2.49 | Target 4.67 | Hype 1.86 | Naive 1.81 |
The real value of Independence Stock, also known as its intrinsic value, is the underlying worth of Independence Contract Company, which is reflected in its stock price. It is based on Independence Contract's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Independence Contract's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Independence Contract's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Independence Contract Drilling helps investors to forecast how Independence stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Independence Contract more accurately as focusing exclusively on Independence Contract's fundamentals will not take into account other important factors: Independence Contract Drilling Company Current Valuation Analysis
Independence Contract's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Independence Contract Current Valuation | 180.92 M |
Most of Independence Contract's fundamental indicators, such as Current Valuation, 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 Current Valuation 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 Current Valuation. 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.
Click cells to compare fundamentals
Independence Current Valuation 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 current valuation 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 current valuation as a starting point in their analysis.
Independence Contract Current Valuation |
| Timeline |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Independence Contract Drilling has a Current Valuation of 180.92 M. This is 99.54% lower than that of the Energy Equipment & Services sector and 95.64% lower than that of the Energy industry. The current valuation for all United States stocks is 98.91% higher than that of the company.
Independence Current Valuation 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 Current Valuation 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 current valuation 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 | 180.92 M | ||||
| Shares Outstanding | 15.27 M | ||||
| Shares Owned By Insiders | 12.80 % | ||||
| Shares Owned By Institutions | 38.37 % | ||||
| Number Of Shares Shorted | 544.18 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 | 7.10 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 | 28.4 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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |
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.