PD (Precision Drilling Corp) vs S&P TSX Composite Index (Canada) Comparison

S&P TSX Composite Index (Canada)

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S&P TSX Composite Index (Canada)

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S&P TSX Composite Index (Canada)

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S&P TSX Composite Index (Canada)

601808

2382

NOBLE

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Precision Drilling Corp
Glance View

Market Cap

1.3B CAD

Industry

N/A

Precision Drilling Corp. engages in the provision od onshore drilling, completion, and production services to the oil and natural gas industry. The company is headquartered in Calgary, Alberta and currently employs 3,900 full-time employees. The company went IPO on 2010-06-02. The firm's segments include Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp and catering services. The company provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries. The company provides well completion, workover, abandonment and re-entry preparation services to oil and natural gas exploration and production companies. The company also provides digital technology offerings.

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PD Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

CN		China Oilfield Services Ltd SSE:601808	Add
SA	A	ADES Holding Company SJSC SAU:2382	Add
US		Noble Corp (Cayman Island) NYSE:NE	Add
US		Noble Corporation PLC CSE:NOBLE	Add
CH		Transocean Ltd NYSE:RIG	Add
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Add
US		Helmerich and Payne Inc NYSE:HP	Add
BM		Valaris Ltd NYSE:VAL	Add
SA	A	Arabian Drilling Co SAU:2381	Add
BM		Seadrill Ltd NYSE:SDRL	Add

CN		China Oilfield Services Ltd SSE:601808	Select
SA	A	ADES Holding Company SJSC SAU:2382	Select
US		Noble Corp (Cayman Island) NYSE:NE	Select
US		Noble Corporation PLC CSE:NOBLE	Select
CH		Transocean Ltd NYSE:RIG	Select
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Select
US		Helmerich and Payne Inc NYSE:HP	Select
BM		Valaris Ltd NYSE:VAL	Select
SA	A	Arabian Drilling Co SAU:2381	Select
BM		Seadrill Ltd NYSE:SDRL	Select

CN		China Oilfield Services Ltd SSE:601808	Add
SA	A	ADES Holding Company SJSC SAU:2382	Add
US		Noble Corp (Cayman Island) NYSE:NE	Add
US		Noble Corporation PLC CSE:NOBLE	Add
CH		Transocean Ltd NYSE:RIG	Add
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Add
US		Helmerich and Payne Inc NYSE:HP	Add
BM		Valaris Ltd NYSE:VAL	Add
SA	A	Arabian Drilling Co SAU:2381	Add
BM		Seadrill Ltd NYSE:SDRL	Add

US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
US		Schlumberger NV NYSE:SLB	Add
US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
LU		Tenaris SA MIL:TEN	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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PD

vs

S&P TSX Composite Index (Canada)

Stocks Performance
PD vs S&P TSX Composite Index (Canada)

Performance Gap
PD vs S&P TSX Composite Index (Canada)

Performance By Year
PD vs S&P TSX Composite Index (Canada)

Competitors Performance
Precision Drilling Corp vs Peers

Precision Drilling Corp
Glance View

Company

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PD vs S&P TSX Composite Index (Canada)

Stocks Performance PD vs S&P TSX Composite Index (Canada)

Performance Gap PD vs S&P TSX Composite Index (Canada)

Performance By Year PD vs S&P TSX Composite Index (Canada)

Competitors Performance Precision Drilling Corp vs Peers

Precision Drilling Corp Glance View

Company

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Tools

Stocks

PD

vs

S&P TSX Composite Index (Canada)

Stocks Performance
PD vs S&P TSX Composite Index (Canada)

Performance Gap
PD vs S&P TSX Composite Index (Canada)

Performance By Year
PD vs S&P TSX Composite Index (Canada)

Competitors Performance
Precision Drilling Corp vs Peers

Precision Drilling Corp
Glance View