Superior Energy Services (SPN:NYS) Fundamental Valuation Report


This Report was generated using the tools available on StockCalc.com. Patchell Brook Equity Analytics Inc. emphasizes that the user assumes all risks associated with the use of this report or the Stockcalc website including, but not limited to, all terms and conditions mentioned in the legal disclaimer.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Superior Energy Services $9.37 (USD) Close Price as of 23/02/2018

Based on the analysis conducted in this report, Superior Energy Services, (SPN:NYS) is found to be  Undervalued.

Company Superior Energy Services
Symbol:Exchange SPN:NYS
Industry Energy:Oil & Gas Equipment & Services
Close Price/Date $9.37 (USD) 23/02/2018
Weighted Average Valuation $10.44 (USD)
Summary SPN:NYS is found to be  Undervalued by 11.4% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $12.50 (USD)
(in order of importance) Adjusted Book Value: $8.49 (USD)
Multiples: $8.17 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Undervalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

Superior Energy Services Valuations

Summary chart

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for SPN:NYS

Using a discounted cash flow model we generated an intrinsic value of $18.18 (USD) for SPN:NYS

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

SPN:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $18.18 1% 5% 1% 5%
WACC (or Ke) 11.36 $21.81 $15.33
Terminal Growth Rate 3.00 $15.78 $21.24
Tax Rate 0.40 $20.00 $16.37
Cash Flow 521,911,854 $17.08 $19.28
Capital Expenditures -9,288,400 $18.16 $18.20
Long Term Debt 1,283,581,000 $18.60 $17.77

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $8.19 (USD) for SPN:NYS. We also generated a valuation of $14.20 (USD) using other metrics and comparables.
The comparable companies were Keane Group (FRAC:NYS), MRC Global (MRC:NYS), Oceaneering International (OII:NYS), Oil States International (OIS:NYS) and RPC (RES:NYS)

Company SPN:NYS End Date Value
Cash/Share $1.12 (USD)
Book Value/Share $7.34 (USD)
MarketCap 1,445,189,577
1 Year Return -0.431
NetPPE 1,316,944,000
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 0
$13.87 (USD) 0
$15.23 (USD) 0
$13.51 (USD) 0
$0.00 (USD) 0
Ratios Used Average Values FRAC:NYS MRC:NYS OII:NYS OIS:NYS RES:NYS
Cash / Share 0.31 0.00 0.50 0.00 1.07 0.00
Book Value / Share 10.45 3.11 7.35 15.23 22.67 3.87
Market Cap 2,329,546,514 1,674,382,641 1,636,862,476 2,312,900,616 1,436,983,662 4,586,603,173
1 Year Return -0.18 -0.15 -0.18 -0.31 -0.28 0.01
Net PPE 322,945,000 0 147,000,000 0 498,890,000 0

Multiples

Using a multiples approach we generated a valuation of  $8.17 (USD) for SPN:NYS

Company SPN:NYS End Date Value
Earnings/Share ($1.35) (USD)
Book Value/Share $7.34 (USD)
Sales/Share $12.25 (USD)
Cash Flow/Share $0.68 (USD)
EBITDA/Share $1.08 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$8.26 (USD) 0
$11.03 (USD) 0
$2.29 (USD) 0
$11.08 (USD) 0
Ratios Ratio Average
PE Ratio 13.27
PB Ratio 1.13
PS Ratio 0.90
PCF Ratio 3.37
EV to EBITDA 10.22

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  SPN:NYS for the last 10 years was  1.15

We ran the Adjusted Book Value for  SPN:NYS and generated a book value of  $7.39 (USD)
By multiplying these we get an adjusted valuation of  $8.49 (USD)

Analyst Data

In the Stockcalc database there are 4 analysts that provide a valuation for SPN:NYS. The 4 analysts have a concensus valuation for SPN:NYS for 2018 of $12.50 (USD).

SPN:NYS Superior Energy Services

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
4 2 0 4.3333 Outperform 2018-2-22

Current Price: not available

Analyst Consensus
USD Millions 2018 2019 2020
Mean EPS -0.59 -0.31 0.25
# EPS Analysts 5 4 1
Mean Revenue 2,386.40 2,363.00 2,590.00
# Revenue Analysts 5 4 1
Mean Target Price 12.50
Mean Cash Flow 2.94 2.31
Mean EBITDA 442.10 462.30
Mean Net Income -67.80 -47.00
Mean Debt Outstanding 1,032.30 889.50 930.00
Mean Tax Rate 19.00 19.00
Mean Growth Rate
Mean Capital Expenditure 235.80 197.50 295.00

Company Overview (SPN:NYS USD)

Price 9.37
Range 9.04 – 9.42
52 week 7.89 – 17.16
Open 9.26
Vol / Avg. 3.77M/1.07M
Mkt cap 1.43B
P/E 0.00
Div/yield 0.00/0.00
EPS -1.35
Shares 153.08M
Beta 1.79
Summary chart

Detailed Company Description

Superior Energy Services Inc is a part of the oil & gas sector. Its core business is to provide equipment and services to cater to the companies involved in oil & gas drilling and exploration.

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.
The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).
The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.
With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.
If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on www.stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

SNC-Lavalin Group (SNC:TSE) Fundamental Valuation Report


This Report was generated using the tools available on StockCalc.com. Patchell Brook Equity Analytics Inc. emphasizes that the user assumes all risks associated with the use of this report or the Stockcalc website including, but not limited to, all terms and conditions mentioned in the legal disclaimer.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

SNC-Lavalin Group $57.25 (CAD) Close Price as of 23/02/2018

Based on the analysis conducted in this report, SNC-Lavalin Group, (SNC:TSE) is found to be  Undervalued.

Company SNC-Lavalin Group
Symbol:Exchange SNC:TSE
Industry Industrials:Engineering & Construction
Close Price/Date $57.25 (CAD) 23/02/2018
Weighted Average Valuation $73.06 (CAD)
Summary SNC:TSE is found to be  Undervalued by 27.6% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $69.95 (CAD)
(in order of importance) Comparables: $82.96 (CAD)
Adjusted Book Value: $62.58 (CAD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Undervalued on an Asset Valuation basis

Valuation Details

SNC-Lavalin Group Valuations

Summary chart

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for SNC:TSE

Using a discounted cash flow model we generated an intrinsic value of $0.58 (CAD) for SNC:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

SNC:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $0.58 1% 5% 1% 5%
WACC (or Ke) 7.44 $2.61 ($0.76)
Terminal Growth Rate 2.40 ($0.95) $2.86
Tax Rate 0.21 $3.69 ($2.54)
Cash Flow 1,108,200,474 ($4.01) $5.17
Capital Expenditures -700,651,200 ($2.12) $3.28
Long Term Debt 828,545,000 $0.81 $0.34

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $82.96 (CAD) for SNC:TSE. We also generated a valuation of $85.68 (CAD) using other metrics and comparables.
The comparable companies were Stantec (STN:TSE) and WSP Global (WSP:TSE)

Company SNC:TSE End Date Value
Earnings/Share $2.34 (CAD)
Book Value/Share $29.77 (CAD)
Sales/Share $57.26 (CAD)
Cash Flow/Share ($1.45) (CAD)
EBITDA/Share $4.98 (CAD)
Price Based on Comps Adjustment Factor (%)
$73.76 (CAD) 42.7
$59.66 (CAD) 73.2
$45.97 (CAD) 44.7
$0.00 (CAD) -11.7
$38.63 (CAD) 46.8
SNC:TSE Ratios Used Average Values STN:TSE WSP:TSE
24.47 PE Ratio 31.52 37.66 25.39
1.92 PB Ratio 2.00 1.92 2.08
1.00 PS Ratio 0.80 0.71 0.89
0.00 PCF Ratio 15.16 13.88 16.44
14.81 EV to EBITDA 11.61 9.69 13.54

Multiples

Using a multiples approach we generated a valuation of  $53.76 (CAD) for SNC:TSE

Company SNC:TSE End Date Value
Earnings/Share $2.34 (CAD)
Book Value/Share $29.77 (CAD)
Sales/Share $57.26 (CAD)
Cash Flow/Share ($1.45) (CAD)
EBITDA/Share $4.98 (CAD)
Price Based on Comps Adjustment Factor
$45.03 (CAD) 0
$59.85 (CAD) 0
$50.20 (CAD) 0
$0.00 (CAD) 0
$59.97 (CAD) 0
Ratios Ratio Average
PE Ratio 19.24
PB Ratio 2.01
PS Ratio 0.88
PCF Ratio 58.18
EV to EBITDA 12.04

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  SNC:TSE for the last 10 years was  2.10

We ran the Adjusted Book Value for  SNC:TSE and generated a book value of  $29.77 (CAD)
By multiplying these we get an adjusted valuation of  $62.58 (CAD)

Analyst Data

In the Stockcalc database there are 10 analysts that provide a valuation for SNC:TSE. The 10 analysts have a concensus valuation for SNC:TSE for 2018 of $69.95 (CAD).

SNC:TSE SNC-Lavalin Group

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
6 1 0 4.5000 Outperform 2018-2-22

Current Price: not available

Analyst Consensus
CAD Millions 2018 2019 2020
Mean EPS 3.73 4.16 4.81
# EPS Analysts 10 7 1
Mean Revenue 11,384.60 11,999.40 12,439.00
# Revenue Analysts 10 7 1
Mean Target Price 69.95
Mean Cash Flow 4.04 4.59
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Company Overview (SNC:TSE CAD)

Price 57.25
Range 56.26 – 58.16
52 week 50.57 – 58.98
Open 56.29
Vol / Avg. 1.02M/317961
Mkt cap 10.05B
P/E 24.47
Div/yield 1.15/0.02
EPS 2.34
Shares 175.46M
Beta 1.16
Summary chart

Detailed Company Description

SNC-Lavalin Group Inc is a global engineering and construction company offering engineering, construction and commissioning services in international markets. It serves the oil and gas, mining and metallurgy, infrastructure, and power sectors.

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.
The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).
The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.
With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.
If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on www.stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Snap (SNAP:NYS) Fundamental Valuation Report


This Report was generated using the tools available on StockCalc.com. Patchell Brook Equity Analytics Inc. emphasizes that the user assumes all risks associated with the use of this report or the Stockcalc website including, but not limited to, all terms and conditions mentioned in the legal disclaimer.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Snap $17.45 (USD) Close Price as of 23/02/2018

Based on the analysis conducted in this report, Snap, (SNAP:NYS) is found to be  Overvalued.

Company Snap
Symbol:Exchange SNAP:NYS
Industry Technology:Internet Content & Information
Close Price/Date $17.45 (USD) 23/02/2018
Weighted Average Valuation $14.96 (USD)
Summary SNAP:NYS is found to be  Overvalued by 14.3% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $15.30 (USD)
(in order of importance) Adjusted Book Value: $13.15 (USD)
Multiples: $17.55 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

Snap Valuations

Summary chart

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for SNAP:NYS

Using a discounted cash flow model generates a negative intrinsic value due to one of 1) zero or negative projected cash flows 2) excessive capital expenditures or 3) excessive debt to calculated equity value for SNAP:NYS. We have not shown the calculated value here for that reason.

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $20.57 (USD) for SNAP:NYS. We also generated a valuation of $26.20 (USD) using other metrics and comparables.
The comparable companies were GoDaddy (GDDY:NYS), IAC/InterActive (IAC:NAS), Match Group (MTCH:NAS), Twitter (TWTR:NYS) and VeriSign (VRSN:NAS)

Company SNAP:NYS End Date Value
Cash/Share $0.29 (USD)
Book Value/Share $2.44 (USD)
MarketCap 21,411,770,206
1 Year Return 0.000
NetPPE 166,762,000
Price Based on Comps Adjustment Factor (%)
$31.52 (USD) 0
$39.87 (USD) 0
$8.03 (USD) 0
$0.00 (USD) 0
$51.60 (USD) 0
Ratios Used Average Values GDDY:NYS IAC:NAS MTCH:NAS TWTR:NYS VRSN:NAS
Cash / Share 0.75 0.00 0.00 0.00 0.00 3.74
Book Value / Share 4.99 2.85 25.60 2.12 6.42 -12.06
Market Cap 9,367,931,828 7,422,548,108 8,861,057,484 6,223,017,473 14,204,210,691 10,128,825,385
1 Year Return 0.97 0.67 1.08 1.59 1.07 0.43
Net PPE 263,513,000 0 0 0 0 263,513,000

Multiples

Using a multiples approach we generated a valuation of  $17.55 (USD) for SNAP:NYS

Company SNAP:NYS End Date Value
Earnings/Share ($2.95) (USD)
Book Value/Share $2.44 (USD)
Sales/Share $0.71 (USD)
Cash Flow/Share ($0.63) (USD)
EBITDA/Share ($2.91) (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$13.10 (USD) 0
$22.00 (USD) 0
$0.00 (USD) 0
$0.00 (USD) 0
Ratios Ratio Average
PE Ratio 0.00
PB Ratio 5.37
PS Ratio 31.09
PCF Ratio 0.00
EV to EBITDA 0.00

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  SNAP:NYS for the last 1 years was  5.37

We ran the Adjusted Book Value for  SNAP:NYS and generated a book value of  $2.45 (USD)
By multiplying these we get an adjusted valuation of  $13.15 (USD)

Analyst Data

In the Stockcalc database there are 10 analysts that provide a valuation for SNAP:NYS. The 10 analysts have a concensus valuation for SNAP:NYS for 2018 of $15.30 (USD).

SNAP:NYS Snap

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
3 8 3 3.0000 Hold 2018-2-22

Current Price: not available

Analyst Consensus
USD Millions 2018 2019 2020
Mean EPS -0.75 -0.48 -0.09
# EPS Analysts 12 8 6
Mean Revenue 1,342.70 2,047.10 2,879.80
# Revenue Analysts 9 7 6
Mean Target Price 15.30
Mean Cash Flow -0.42 -0.12 0.06
Mean EBITDA -886.20 -711.10 -202.50
Mean Net Income -845.40 -536.60 -109.50
Mean Debt Outstanding 96.60 626.30 375.60
Mean Tax Rate 0.00 0.00 0.00
Mean Growth Rate
Mean Capital Expenditure 93.50 107.80 140.60

Company Overview (SNAP:NYS USD)

Price 0.00
Range 0.00 – 0.00
52 week 0.00 – 0.00
Open 0.00
Vol / Avg. 0/0
Mkt cap 0
P/E 0.00
Div/yield 0.00/0.00
EPS 0.00
Shares 0
Beta 0.00