Precision Drilling Corp (TSX:PD)

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Price: 92 CAD -0.15%

Market Cap: 1.3B CAD

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Section:

Relative Value

The Relative Value of one PD stock under the Base Case scenario is 199.91 CAD. Compared to the current market price of 92 CAD, Precision Drilling Corp is Undervalued by 54%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

PD Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.7

P/S

vs History	41
vs Industry	64

Median 5Y

0.6

Industry

2.2

Forward

0.6

More Details

5.3

P/E

vs History	28
vs Industry	32

Median 5Y

-2.9

Industry

16.6

Forward

9.8

More Details

2.6

P/OCF

vs History	47
vs Industry	24

Median 5Y

2.6

Industry

10.2

More Details

Negative

P/FCFE

vs History
vs Industry	15

Median 5Y

-9.2

Industry

13.4

More Details

0.8

P/B

vs History	39
vs Industry	50

Median 5Y

0.7

Industry

1.6

More Details

1.1

EV/S

vs History	84
vs Industry	59

Median 5Y

1.2

Industry

3.2

Forward

1.1

More Details

3.1

EV/GP

vs History	80
vs Industry	55

Median 5Y

3.7

Industry

7.1

More Details

3.7

EV/EBITDA

vs History	88
vs Industry	24

Median 5Y

4.7

Industry

11.2

Forward

3.7

More Details

EV/EBIT

vs History	47
vs Industry	18

Median 5Y

7.8

Industry

13.1

Forward

8.9

More Details

4.3

EV/OCF

vs History	88
vs Industry	22

Median 5Y

6.3

Industry

10.9

More Details

8.3

EV/FCFF

vs History	55
vs Industry	16

Median 5Y

8.5

Industry

More Details

0.8

EV/IC

vs History	41
vs Industry	50

Median 5Y

0.8

Industry

1.5

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		Precision Drilling Corp TSX:PD	1.3B CAD	0.7	5.3	3.7	8
CN		China Oilfield Services Ltd SSE:601808	43.8B CNY	0.9	13.8	9	9
SA	A	ADES Holding Company SJSC SAU:2382	21.8B SAR	3.7	28.6	10.9	18.7
US		Noble Corp (Cayman Island) NYSE:NE	5.2B USD	1.9	10.4	6.8	10.8
US		Noble Corporation PLC CSE:NOBLE	31.4B DKK	1.6	8.7	5.9	9.4
CH		Transocean Ltd NYSE:RIG	3.5B USD	1.1	-5.8	10.3	55.3
US		Patterson-UTI Energy Inc NASDAQ:PTEN	3.3B USD	0.6	-3.8	3.2	23.4
US		Helmerich and Payne Inc NYSE:HP	3.2B USD	1.2	9.5	5.3	10
BM		Valaris Ltd NYSE:VAL	3.2B USD	1.4	3	9.8	13.7
SA	A	Arabian Drilling Co SAU:2381	10.8B SAR	2.9	24.8	8.3	18.2
BM		Seadrill Ltd NYSE:SDRL	2.6B USD	1.7	5.5	4.8	7

				Revenue Growth	P/S to Growth
CA		Precision Drilling Corp TSX:PD	Average P/S: 1.6 0.7	2%	0.3
CN		China Oilfield Services Ltd SSE:601808	0.9	14%	0.1
SA	A	ADES Holding Company SJSC SAU:2382	3.7	20%	0.2
US		Noble Corp (Cayman Island) NYSE:NE	1.9	15%	0.1
US		Noble Corporation PLC CSE:NOBLE	1.6	15%	0.1
CH		Transocean Ltd NYSE:RIG	1.1	12%	0.1
US		Patterson-UTI Energy Inc NASDAQ:PTEN	0.6	10%	0.1
US		Helmerich and Payne Inc NYSE:HP	1.2	11%	0.1
BM		Valaris Ltd NYSE:VAL	1.4	16%	0.1
SA	A	Arabian Drilling Co SAU:2381	2.9	9%	0.3
BM		Seadrill Ltd NYSE:SDRL	1.7	5%	0.3

				Earnings Growth	PEG
CA		Precision Drilling Corp TSX:PD	Average P/E: 12.2 5.3	-16%	N/A
CN		China Oilfield Services Ltd SSE:601808	13.8	23%	0.6
SA	A	ADES Holding Company SJSC SAU:2382	28.6	40%	0.7
US		Noble Corp (Cayman Island) NYSE:NE	10.4	15%	0.7
US		Noble Corporation PLC CSE:NOBLE	8.7	15%	0.6
CH		Transocean Ltd NYSE:RIG	Negative Multiple: -5.8	N/A	N/A
US		Patterson-UTI Energy Inc NASDAQ:PTEN	Negative Multiple: -3.8	N/A	N/A
US		Helmerich and Payne Inc NYSE:HP	9.5	1%	9.5
BM		Valaris Ltd NYSE:VAL	3	-9%	N/A
SA	A	Arabian Drilling Co SAU:2381	24.8	6%	4.1
BM		Seadrill Ltd NYSE:SDRL	5.5	17%	0.3

				EBITDA Growth	EV/EBITDA to Growth
CA		Precision Drilling Corp TSX:PD	Average EV/EBITDA: 7.1 3.7	-1%	N/A
CN		China Oilfield Services Ltd SSE:601808	9	41%	0.2
SA	A	ADES Holding Company SJSC SAU:2382	10.9	22%	0.5
US		Noble Corp (Cayman Island) NYSE:NE	6.8	20%	0.3
US		Noble Corporation PLC CSE:NOBLE	5.9	20%	0.3
CH		Transocean Ltd NYSE:RIG	10.3	27%	0.4
US		Patterson-UTI Energy Inc NASDAQ:PTEN	3.2	-1%	N/A
US		Helmerich and Payne Inc NYSE:HP	5.3	9%	0.6
BM		Valaris Ltd NYSE:VAL	9.8	86%	0.1
SA	A	Arabian Drilling Co SAU:2381	8.3	7%	1.2
BM		Seadrill Ltd NYSE:SDRL	4.8	12%	0.4

				EBIT Growth	EV/EBIT to Growth
CA		Precision Drilling Corp TSX:PD	Average EV/EBIT: 16.7 8	-3%	N/A
CN		China Oilfield Services Ltd SSE:601808	9	18%	0.5
SA	A	ADES Holding Company SJSC SAU:2382	18.7	20%	0.9
US		Noble Corp (Cayman Island) NYSE:NE	10.8	20%	0.5
US		Noble Corporation PLC CSE:NOBLE	9.4	20%	0.5
CH		Transocean Ltd NYSE:RIG	55.3	N/A	N/A
US		Patterson-UTI Energy Inc NASDAQ:PTEN	23.4	-26%	N/A
US		Helmerich and Payne Inc NYSE:HP	10	1%	10
BM		Valaris Ltd NYSE:VAL	13.7	171%	0.1
SA	A	Arabian Drilling Co SAU:2381	18.2	5%	3.6
BM		Seadrill Ltd NYSE:SDRL	7	15%	0.5

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Precision Drilling Corp
TSX:PD

Relative Value

Valuation Multiples

Multiples Across Competitors

PD Competitors Multiples
Precision Drilling Corp Competitors

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Company

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52 Week Range	71.72 106.22
Price Target

Precision Drilling Corp TSX:PD

Relative Value

Valuation Multiples

Multiples Across Competitors

PD Competitors Multiples Precision Drilling Corp Competitors

See Also

Company

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Precision Drilling Corp
TSX:PD

PD Competitors Multiples
Precision Drilling Corp Competitors