Try our mobile app

Switch to company model in classical logic    *

General information

Country: UNITED STATES

Sector: Oil and Gas Equipment and Services

National Energy Services Reunited Corp. provides oilfield services. The Company offers cementing, coiled tubing, filtration, stimulation, fracturing, directional drilling, testing, wireline logging, and rig services. National Energy Services Reunited serves serves customers worldwide.
Website: nesr.com



Growth: Bad revenue growth rate 0.0%, there is slowdown compared to average historical growth rates 24.5%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -84.5%

Profitability: LTM EBITDA margin is positive, +19.9%. On average the margin is decreasing unsteadily. Gross margin is low, +12.5%. In the last quarter the company did not beat the estimated EPS, -11.1%. The company was ahead of estimated EPS in 25% of quarters (showing a gain of $0 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 3.2% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 200.8% higher than minimum and 21.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.4x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: NESR
Share price, USD:  (-0.4%)7.97
year average price 9.01  


year start price 7.90 2024-03-24

max close price 10.10 2024-05-06

min close price 7.46 2025-03-13

current price 7.97 2025-03-23
Common stocks: 91 250 125

Dividend Yield:  0.0%
FCF Yield LTM: 3.2%
EV / LTM EBITDA: 6.0x
EV / EBITDA annualized: 6.3x
Last revenue growth (y/y):  0.0%
Last growth of EBITDA (y/y):  -17.6%
Historical revenue growth:  +24.5%
Historical growth of EBITDA:  +14.8%
EV / Sales: 1.2x
Margin (EBITDA LTM / Revenue): 19.9%
Fundamental value created in LTM:
Market Cap ($m): 727
Net Debt ($m): 326
EV (Enterprise Value): 1 053
Price to Book: 0.8x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2025-03-18globenewswire.com

Water Tower Research Publishes Initiation of Coverage Report on National Energy Services Reunited Corp., “Exposed to the World's Steadiest Oilfield Service Markets”

2025-03-12seekingalpha.com

National Energy Services Reunited Corp. (NESR) Q4 2024 Earnings Call Transcript

2024-11-19seekingalpha.com

National Energy Services Reunited Corp.'s (NESR) Q3 2024 Earnings Call Transcript

2024-09-04accesswire.com

NESR Company Presentation - Barclays CEO Energy-Power Conference

2024-08-29accesswire.com

National Energy Services Reunited Corp. Reports Second Quarter and First Half 2024 Financial Results

2024-06-07accesswire.com

NESR Announces Resignation of Board Member
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q3 2024 q2 2023 q2 2021 q4 2021 q3 2021 q2
date 2024-09-30 2024-06-30 2023-06-30 2021-12-31 2021-09-30 2021-06-30
symbol NESR NESR NESR NESR NESR NESR
reportedCurrency USD USD USD USD USD USD
cik null 2M 2M 2M 2M 2M
fillingDate 2024-11-19 2024-08-29 2023-06-30 2021-12-31 2021-08-04 2021-08-06
acceptedDate 2024-11-19 06:02:25 2024-08-29 06:30:29 2023-06-29 20:00:00 2021-12-30 19:00:00 2021-08-04 06:05:26 2021-08-06 16:28:39
calendarYear 2024 2024 2023 2021 2021 2021
period Q3 Q2 Q2 Q4 Q3 Q2
revenue 336M 325M 280M 211M 218M 235M
costOfRevenue 283M 272M 248M 324M 191M 198M
grossProfit 53M 53M 32M -113M 27M 36M
grossProfitRatio 0.159 0.164 0.114 -0.535 0.125 0.155
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 13M 14M 10M -32M 19M 22M
otherExpenses 5M 5M 166 000 -449 000 -1M -655 000
operatingExpenses 18M 19M 15M -32M 19M 22M
costAndExpenses 301M 291M 263M 293M 210M 221M
interestIncome 0 0 0 0 0 0
interestExpense 10M 9M 11M 5M 4M 3M
depreciationAndAmortization 34M 5M 5M 26M 34M 31M
ebitda 70M 39M 22M -56M 41M 46M
ebitdaratio 0.209 0.12 0.079 -0.266 0.187 0.194
operatingIncome 35M 34M 17M -82M 8M 14M
operatingIncomeRatio 0.105 0.105 0.061 -0.386 0.037 0.06
totalOtherIncomeExpensesNet -10M -9M -11M -449 000 -1M -4M
incomeBeforeTax 26M 25M 6M -87M 3M 10M
incomeBeforeTaxRatio 0.077 0.077 0.023 -0.412 0.014 0.044
incomeTaxExpense 5M 6M 4M -1M 1M 2M
netIncome 21M 19M 2M -86M 2M 8M
netIncomeRatio 0.061 0.058 0.007 -0.406 0.009 0.033
eps 0.22 0.2 0.02 0 0.02 0.09
epsdiluted 0.22 0.2 0.02 0 0.02 0.08
weightedAverageShsOut 95M 95M 95M 0 91M 91M
weightedAverageShsOutDil 96M 96M 95M 0 93M 95M
link Link Link Link Link
finalLink Link Link Link Link

Balance Sheet Statement

Property 2024 q3 2024 q2 2023 q1 2022 q4 2021 q4 2021 q3 2021 q2
date 2024-09-30 2024-06-30 2023-04-27 2022-12-16 2021-12-31 2021-09-30 2021-06-30
symbol NESR NESR NESR NESR NESR NESR NESR
reportedCurrency USD USD USD USD USD USD USD
cik null 2M 2M 2M 2M 2M 2M
fillingDate 2024-11-19 2024-08-29 2023-04-27 2023-12-29 2021-12-31 2021-11-05 2021-06-30
acceptedDate 2024-11-19 06:02:25 2024-08-29 06:30:29 2023-04-27 12:36:23 2023-12-29 07:38:13 2021-12-30 19:00:00 2021-11-05 10:58:18 2021-06-29 20:00:00
calendarYear 2024 2024 2023 2022 2021 2021 2021
period Q3 Q2 Q1 Q4 Q4 Q3 Q2
cashAndCashEquivalents 118M 75M 0 0 206M 101M 66M
shortTermInvestments 0 0 0 0 0 0 0
cashAndShortTermInvestments 118M 75M 0 0 206M 101M 66M
netReceivables 329M 363M 0 0 315M 261M 252M
inventory 100M 96M 0 0 94M 101M 103M
otherCurrentAssets 30M 27M 0 0 12M 51M 63M
totalCurrentAssets 577M 561M 0 0 627M 533M 485M
propertyPlantEquipmentNet 453M 451M 0 0 426M 467M 452M
goodwill 645M 645M 0 0 645M 630M 629M
intangibleAssets 70M 75M 0 0 122M 126M 131M
goodwillAndIntangibleAssets 715M 720M 0 0 767M 756M 760M
longTermInvestments 0 0 0 0 0 0 0
taxAssets 0 0 0 0 0 0 0
otherNonCurrentAssets 57M 58M 0 0 12M 10M 8M
totalNonCurrentAssets 1 226M 1 229M 0 0 1 204M 1 233M 1 220M
otherAssets 0 0 0 0 0 0 0
totalAssets 1 803M 1 789M 0 0 1 831M 1 766M 1 705M
accountPayables 351M 373M 0 0 315M 144M 139M
shortTermDebt 131M 111M 0 0 87M 96M 114M
taxPayables 8M 10M 0 0 12M 11M 0
deferredRevenue 0 0 0 0 12M 80M 0
otherCurrentLiabilities 34M 29M 0 0 18M 48M 100M
totalCurrentLiabilities 523M 524M 0 0 432M 369M 353M
longTermDebt 307M 323M 0 0 509M 331M 287M
deferredRevenueNonCurrent 0 0 0 0 24M 25M 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 9M 17M 19M
otherNonCurrentLiabilities 99M 91M 0 0 37M 36M 61M
totalNonCurrentLiabilities 406M 414M 0 0 578M 409M 368M
otherLiabilities 0 0 0 0 0 0 0
capitalLeaseObligations 29M 27M 0 0 0 0 0
totalLiabilities 929M 938M 0 0 1 010M 778M 721M
preferredStock 0 0 0 0 0 0 0
commonStock 886M 885M 0 0 857M 854M 852M
retainedEarnings -13M -34M 0 0 -36M 134M 133M
accumulatedOtherComprehensiveIncomeLoss 69 000 69 000 0 0 69 000 97 000 0
othertotalStockholdersEquity 0 0 0 0 0 0 97 000
totalStockholdersEquity 874M 851M 0 0 821M 989M 984M
totalEquity 874M 851M 0 0 821M 989M 984M
totalLiabilitiesAndStockholdersEquity 1 803M 1 789M 0 0 1 831M 1 766M 1 705M
minorityInterest 0 0 0 0 0 -8000 0
totalLiabilitiesAndTotalEquity 1 803M 1 789M 0 0 1 831M 1 766M 1 705M
totalInvestments 0 0 0 0 0 0 0
totalDebt 438M 434M 0 0 596M 427M 401M
netDebt 320M 359M 0 0 390M 326M 335M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Cash Flow Statement

Property 2024 q3 2023 q4 2021 q4 2021 q3 2021 q2
date 2024-09-30 2023-12-31 2021-12-31 2021-09-30 2021-06-30
symbol NESR NESR NESR NESR NESR
reportedCurrency USD USD USD USD USD
cik 2M 2M 2M 2M 2M
fillingDate 2024-11-19 2024-04-30 2021-12-31 2021-08-04 2021-08-06
acceptedDate 2024-11-19 06:02:25 2024-04-30 06:11:21 2021-12-30 19:00:00 2021-08-04 06:05:26 2021-08-06 16:28:39
calendarYear 2024 2023 2021 2021 2021
period Q3 Q4 Q4 Q3 Q2
netIncome 21M 2M -86M 2M 8M
depreciationAndAmortization 34M 36M 26M 34M 32M
deferredIncomeTax -3M -691 000 -8M -2M -729 000
stockBasedCompensation 2M 2M 2M 3M 3M
changeInWorkingCapital 13M -9M 69M -45 000 -10M
accountsReceivables 26M 1M -35M 18M 20M
inventory -4M 8M 1M 2M -5M
accountsPayables 0 0 0 0 -10M
otherWorkingCapital -9M -19M 103M -20M -15M
otherNonCashItems 5M 7M 10M -1M 889 000
netCashProvidedByOperatingActivities 71M 37M 13M 35M 33M
investmentsInPropertyPlantAndEquipment -27M -2M -56M -18M -21M
acquisitionsNet 0 0 -15M 0 -36M
purchasesOfInvestments 0 -114 000 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0
otherInvestingActivites -96 000 512 000 -61M -17M -972 000
netCashUsedForInvestingActivites -27M -2M -76M -17M -59M
debtRepayment 972 000 -22M 179M 20M -33M
commonStockIssued 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0
dividendsPaid 0 0 0 0 0
otherFinancingActivites -1M -7M -12M -3M 35M
netCashUsedProvidedByFinancingActivities -165 000 -29M 167M 17M 3M
effectOfForexChangesOnCash 0 0 -25 000 0 0
netChangeInCash 43M 6M 105M 35M -23M
cashAtEndOfPeriod 118M 68M 206M 101M 66M
cashAtBeginningOfPeriod 75M 62M 101M 66M 89M
operatingCashFlow 71M 37M 13M 35M 33M
capitalExpenditure -27M -2M -56M -18M -21M
freeCashFlow 43M 34M -43M 17M 12M
link Link Link Link Link
finalLink Link Link Link Link

Earning call transcript

2024 q3
2024-11-19 ET (fiscal 2024 q3)

Press-releases

Show financial reports only

2024-11-19 11:00 ET
National Energy Services Reunited Corp. Reports Third Quarter Financial Results
2024-11-11 11:00 ET
NESR Schedules Earnings Release & Announces Nasdaq Bell Ringing Ceremony & Tech Expo
2024-11-03 23:00 ET
NESR Successfully Deploys ROYA Platform & Secures Drilling Awards Exceeding $200 Million
2024-10-29 13:05 ET
NESR Acquires Stake In SALTTECH BV To Scale Up Circular Water Technology
2024-10-21 10:00 ET
NESR Announces Uplisting to Nasdaq Capital Market
2024-09-04 13:15 ET
NESR Company Presentation - Barclays CEO Energy-Power Conference
2024-08-29 10:00 ET
National Energy Services Reunited Corp. Reports Second Quarter and First Half 2024 Financial Results
2024-08-26 20:08 ET
NESR Schedules Earnings Release & Announces Participation in Upcoming Conferences
2024-06-07 20:10 ET
NESR Announces Resignation of Board Member
2024-04-30 10:15 ET
National Energy Services Reunited Corp. Reports Full Year 2023 Financial Results
2024-02-12 13:00 ET
NESR Announces Launch of NEDA and ROYA at IPTC & Provides Operational Update
2024-01-25 12:40 ET
NESR & BECL Announce Inauguration of ‘Carbon Light’ Brine Plant in North Rumaila Field Iraq
2024-01-02 21:35 ET
NESR Announces Participation in Upcoming Conferences
2023-12-29 13:00 ET
NESR Announces Filing of Previous Years Financials
2023-11-14 13:00 ET
Saudi Aramco and NESR Announce Successful Implementation of Circular Water Technologies
2023-09-13 20:00 ET
NESR Provides Update on Plans for SEC Filings and Nasdaq Relisting
2023-08-07 10:00 ET
NESR Secures Over $175 Million in Contracts & Provides Operational Update
2023-05-15 12:00 ET
NESR Announces Participation in Upcoming Conferences
2023-04-27 10:00 ET
NESR Provides Update on SEC Filings and Nasdaq Listing
2023-04-17 12:00 ET
NESR Secures Multiple Contract Extensions in Oman Totaling $100 Million
2023-02-27 14:45 ET
NESR Inaugurates Flagship Innovation Center NORI In Saudi Arabia’s Dharan Techno Valley
2023-01-10 11:05 ET
NESR Secures Nine-Year Wireline Platform Contract in Saudi Arabia
2023-01-09 10:30 ET
National Energy Services Reunited Corp. Announces Receipt of Additional Determination Letter from Nasdaq
2022-12-16 14:35 ET
National Energy Services Reunited Corp. Announces Additional Extension from Nasdaq to File 2021 Annual Report on Form 20-F
2022-11-28 11:00 ET
NESR Secures Its First Multi-Year Directional Drilling Services Contract in Kuwait
2022-11-17 14:00 ET
LiqTech Enters Distribution Agreement with NESR for Commercialization of Produced Water Treatment Solution for Re-Injection
2022-11-07 10:00 ET
National Energy Services Reunited Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 20-F
2022-10-24 10:00 ET
National Energy Services Reunited Corp. to Participate in Upcoming Conferences
2022-09-13 10:00 ET
NESR Secures Its First Multi-Year Directional Drilling Services Contract in Saudi Arabia
2022-07-18 10:01 ET
NESR Agrees To Acquire Stake In WDVG
2022-06-29 12:30 ET
NESR Signs Agreement with ADNOC For Strategic In-Country Value Expansion
2022-06-17 20:30 ET
National Energy Services Reunited Corp. Provides Update On Financial Statements
2022-05-18 20:52 ET
National Energy Services Reunited Corp. to Participate in Upcoming Conferences
2022-05-11 21:00 ET
National Energy Services Reunited Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 20-F
2022-04-18 14:30 ET
Saudi Aramco Awards $300 Million Integrated Conventional Fracturing Contract to NESR
2022-04-12 12:00 ET
Cairn Awards NESR Integrated Production Services Contract in India
2022-03-17 15:30 ET
ADNOC Awards Cementing Services To NESR
2022-03-14 12:10 ET
NESR Announces Update on Previously Issued Financial Statements and Full Year Revenue of 2021
2022-02-08 10:00 ET
NESR Announces Appointment of Stefan Angeli as CFO, Reschedules Earnings Conference Call
2022-02-07 10:00 ET
ADNOC Awards Testing Services To NESR
2022-01-26 10:00 ET
National Energy Services Reunited Corp. to Release Fourth Quarter Financial Results on February 9th
2022-01-03 10:00 ET
NESR Announces More Than $100 Million of Contract Awards in North Africa
2021-12-09 05:01 ET
NESR and HSBC Announce First Sustainability-Linked Loan for MENA's Oilfield Services Industry
2021-11-16 05:01 ET
NESR & Kinetic Pressure Control Announce Successful K-BOS Campaign In MEA
2021-11-15 05:01 ET
NESR Announces Investment In Qube Technologies For Methane Emissions Monitoring
2021-11-03 10:00 ET
National Energy Services Reunited Corp. Reports Third Quarter 2021 Financial Results
2021-10-13 10:00 ET
National Energy Services Reunited Corp. to Release Third Quarter Financial Results on November 3rd
2021-10-11 10:00 ET
NESR Secures Multiple D&E Awards For More Than $150M
2021-09-15 14:30 ET
NESR and Ulterra Announce Partnership in the Middle East
2021-09-08 20:30 ET
NESR Joins the United Nations Global Compact
2021-09-07 20:30 ET
NESR and Cactus Announce Collaboration in the Middle East
2021-08-31 20:30 ET
National Energy Services Reunited Corp. to Participate in Upcoming Conferences
2021-08-04 09:00 ET
National Energy Services Reunited Corp. Reports Second Quarter 2021 Financial Results
2021-07-08 20:30 ET
National Energy Services Reunited Corp. to Release Second Quarter Financial Results on August 4th
2021-06-02 09:00 ET
NESR Secures $150 Million in Contract Awards with IOCs in the MENA Region
2021-06-01 09:00 ET
National Energy Services Reunited Corp. to Participate in Upcoming Conferences
2021-05-06 09:00 ET
National Energy Services Reunited Corp. Reports Preliminary Unaudited First Quarter 2021 Financial Results

SEC forms

Show financial reports only

SEC form 6
2025-03-12 10:10 ET
National Energy Services Reuni reported for 2024 q4
SEC form 6
2025-03-12 10:10 ET
National Energy Services Reuni published news for 2024 q4
SEC form 6
2024-11-19 06:04 ET
National Energy Services Reuni reported for 2024 q3
SEC form 6
2024-11-19 06:04 ET
National Energy Services Reuni published news for 2024 q3
SEC form 6
2024-11-19 00:00 ET
National Energy Services Reuni reported for 2024 q3
SEC form 6
2024-08-29 06:30 ET
National Energy Services Reuni reported for 2024 q2
SEC form 6
2024-08-29 06:30 ET
National Energy Services Reuni reported for 2024 q2
SEC form 6
2024-08-29 06:30 ET
National Energy Services Reuni published news for 2024 q2
SEC form 6
2024-06-17 16:05 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-06-07 16:10 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-06-07 16:10 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-05-21 15:12 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-05-21 15:12 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-05-21 15:12 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2024-04-30 06:13 ET
National Energy Services Reuni reported for 2024 q1
SEC form 6
2024-04-30 06:13 ET
National Energy Services Reuni published news for 2024 q1
SEC form 6
2023-12-29 07:58 ET
National Energy Services Reuni published news for 2023 q3
SEC form 6
2023-12-29 07:58 ET
National Energy Services Reuni published news for 2023 q3
SEC form 6
2023-09-13 16:00 ET
National Energy Services Reuni published news for 2023 q2
SEC form 6
2023-04-27 12:36 ET
National Energy Services Reuni published news for 2023 q1
SEC form 6
2023-01-09 17:22 ET
National Energy Services Reuni published news for 2022 q4
SEC form 6
2022-12-16 12:17 ET
National Energy Services Reuni published news for 2022 q3
SEC form 6
2022-11-07 06:06 ET
National Energy Services Reuni published news for 2022 q3
SEC form 6
2022-05-11 16:34 ET
National Energy Services Reuni published news for 2022 q1
SEC form 6
2022-05-03 09:55 ET
National Energy Services Reuni published news for 2022 q1
SEC form 6
2022-03-14 08:16 ET
National Energy Services Reuni published news for 2021 q4
SEC form 6
2022-02-11 06:09 ET
National Energy Services Reuni published news for 2021 q4
SEC form 6
2021-11-05 00:00 ET
National Energy Services Reuni published news for 2021 q3
SEC form 6
2021-11-03 06:02 ET
National Energy Services Reuni published news for 2021 q3
SEC form 6
2021-08-06 00:00 ET
National Energy Services Reuni published news for 2021 q2
SEC form 6
2021-08-04 06:05 ET
National Energy Services Reuni published news for 2021 q2
SEC form 6
2021-07-09 00:00 ET
National Energy Services Reuni published news for 2021 q2
SEC form 6
2021-06-25 16:00 ET
National Energy Services Reuni published news for 2021 q1
SEC form 6
2021-06-04 12:28 ET
National Energy Services Reuni published news for 2021 q1
SEC form 6
2021-05-06 06:15 ET
National Energy Services Reuni published news for 2021 q1
SEC form 6
2021-03-24 16:05 ET
National Energy Services Reuni published news for 2020 q4
SEC form 6
2021-02-24 06:02 ET
National Energy Services Reuni published news for 2020 q4
SEC form 6
2020-10-29 13:57 ET
National Energy Services Reuni published news for 2020 q3
SEC form 6
2020-10-28 06:07 ET
National Energy Services Reuni published news for 2020 q3