Precision Drilling Stock Total Asset
| PDS Stock | USD 70.94 0.26 0.37% |
Precision Drilling fundamentals help investors to digest information that contributes to Precision Drilling's financial success or failures. It also enables traders to predict the movement of Precision Stock. The fundamental analysis module provides a way to measure Precision Drilling'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 Precision Drilling stock.
| Last Reported | Projected for Next Year | ||
| Total Assets | 3.3 B | 3.3 B | |
| Intangibles To Total Assets | 0.01 | 0 |
Precision | Total Asset |
Precision Drilling Company Total Asset Analysis
Precision Drilling's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Precision Drilling Total Asset | 3.31 B |
Most of Precision Drilling's fundamental indicators, such as Total Asset, 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, Precision Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Precision Total Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Precision Drilling is extremely important. It helps to project a fair market value of Precision Stock properly, considering its historical fundamentals such as Total Asset. Since Precision Drilling'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 Precision Drilling'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 Precision Drilling's interrelated accounts and indicators.
Click cells to compare fundamentals
Precision Total Asset Historical Pattern
Today, most investors in Precision Drilling Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Precision Drilling'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 total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Precision Drilling total asset as a starting point in their analysis.
Precision Drilling Total Asset |
| Timeline |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
| Competition |
Precision Total Assets
Total Assets |
|
Based on the latest financial disclosure, Precision Drilling has a Total Asset of 3.31 B. This is 90.68% lower than that of the Energy Equipment & Services sector and 62.84% lower than that of the Energy industry. The total asset for all United States stocks is 88.76% higher than that of the company.
Precision Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Precision Drilling's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Precision Drilling could also be used in its relative valuation, which is a method of valuing Precision Drilling by comparing valuation metrics of similar companies.Precision Drilling is currently under evaluation in total asset category among related companies.
Precision Drilling Current Valuation Drivers
We derive many important indicators used in calculating different scores of Precision Drilling from analyzing Precision Drilling's financial statements. These drivers represent accounts that assess Precision Drilling's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Precision Drilling's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 531.7M | 288.5M | 601.2M | 1.4B | 988.6M | 939.1M | |
| Enterprise Value | 2.0B | 1.5B | 1.7B | 2.5B | 1.9B | 1.8B |
Precision Drilling ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Precision Drilling's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Precision Drilling's managers, analysts, and investors.Environmental | Governance | Social |
Precision Drilling Institutional Holders
Institutional Holdings refers to the ownership stake in Precision Drilling that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Precision Drilling'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 Precision Drilling's value.| Shares | Two Sigma Investments Llc | 2023-12-31 | 154.3 K | Connor Clark & Lunn Inv Mgmt Ltd | 2023-12-31 | 147.9 K | Royal Bank Of Canada | 2023-12-31 | 147.3 K | Two Sigma Advisers, Llc | 2023-12-31 | 128.9 K | Newgen Asset Management Ltd | 2023-12-31 | 124 K | Katahdin Capital | 2023-12-31 | 110.5 K | Cibc World Markets Inc. | 2023-12-31 | 105.2 K | Td Asset Management Inc | 2023-12-31 | 94.3 K | American Century Companies Inc | 2023-12-31 | 87.3 K | Ninepoint Partners Lp | 2023-12-31 | 1.4 M | Encompass Capital Advisors Llc | 2023-12-31 | 675.6 K |
Precision Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0524 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 2.02 B | ||||
| Shares Outstanding | 14.48 M | ||||
| Shares Owned By Insiders | 2.00 % | ||||
| Shares Owned By Institutions | 62.55 % | ||||
| Number Of Shares Shorted | 395.16 K | ||||
| Price To Earning | (6.85) X | ||||
| Price To Book | 0.89 X | ||||
| Price To Sales | 0.53 X | ||||
| Revenue | 1.94 B | ||||
| Gross Profit | 492.59 M | ||||
| EBITDA | 611.12 M | ||||
| Net Income | 289.24 M | ||||
| Cash And Equivalents | 51.64 M | ||||
| Cash Per Share | 3.80 X | ||||
| Total Debt | 992.19 M | ||||
| Debt To Equity | 1.02 % | ||||
| Current Ratio | 1.39 X | ||||
| Book Value Per Share | 112.95 X | ||||
| Cash Flow From Operations | 500.57 M | ||||
| Short Ratio | 5.38 X | ||||
| Earnings Per Share | 12.05 X | ||||
| Price To Earnings To Growth | 0.40 X | ||||
| Target Price | 94.24 | ||||
| Number Of Employees | 5 K | ||||
| Beta | 2.9 | ||||
| Market Capitalization | 1.03 B | ||||
| Total Asset | 3.31 B | ||||
| Retained Earnings | (1.01 B) | ||||
| Working Capital | 145.24 M | ||||
| Current Asset | 561.95 M | ||||
| Current Liabilities | 175.5 M | ||||
| Net Asset | 3.31 B |
About Precision Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Precision Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precision Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precision 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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Precision Drilling using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Precision Drilling Piotroski F Score and Precision Drilling Altman Z Score analysis. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Precision Stock analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling'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 Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is Precision Drilling'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 Precision Drilling. If investors know Precision 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 Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 12.05 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling'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 Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling'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 Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling'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.