Monday, June 25, 2012 12:05:38 PM
posted 6/25/12 PPS currently at 4.25
Date of fundamentals: 22 June 2012
Data Source: Reuters Fundamentals
Business Summary
Parker Drilling Company (Parker) is a provider of contract drilling and drilling-related services
operating in 11 countries. The Company has operated in over 50 foreign countries and the United
States. During the year ended December 31, 2011, Parker’s revenues were derived from six segments:
Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling, Technical Services
and Construction Contract. Parker's international fleet includes 25 land rigs and two barge rigs.
Parker's project management business includes multiple contracts for the design, construction or
operation of customer-owned rigs, including operation of an extended-reach-drilling land rigs (also
designed and built by Parker) and an offshore drilling platform.
Share Performance
Price ($): 4.33 52
Week High: 7.62
Currency: USD
Volume (millions): 0.6
52 Week Low: 3.60
Financial Summary
BRIEF: For the fiscal year ended 31 December 2010, Parker Drilling Company's revenues decreased
12% to $659.5M. Net loss totaled $14.5M, vs. an income of $9.3M. Revenues reflect a decrease
in revenue from international Drillings and a fall in income from construction contract. Net loss
reflects an increase in US drilling cost, a increase in depreciation and amortization expenses and
a fall in interest income.
Valuation Ratios
Price/Earnings (TTM) --
Price/Sales (TTM) 0.72
Price/Book (MRQ) 0.89
Price/Cashflow (TTM) 6.13
Per Share Data
Earnings (TTM) (0.25)
Sales (TTM) 6.04
Book Value (MRQ) 4.89
Cash Flow (TTM) 0.71
Cash (MRQ) 0.84
Profitability Ratios (%)
Gross Margin (TTM) 26.76
Operating Margin (TTM) (1.28)
Net Profit Margin (TTM) (4.11)
Management Effectiveness (%)
Return on Equity (TTM) (4.94)
Return on Assets (TTM) (2.34)
Return on Investment (TTM) (2.82)
Financial Strength
Quick Ratio (MRQ) 1.17
Current Ratio (MRQ) 1.27
LT Debt/Equity (MRQ) 0.58
Total Debt/Equity (MRQ) 0.83
Financial Strength
......... 12 Mo/Dec 09 12 mo/Dec10 12mo/Dec11 MRQ 3 yr ave
Quick Ratio 1.57 1.26 0.99 1.17 1.27
Current Ratio 2.35 2.10 1.29 1.27 1.91
LT Debt/Equity 0.69 0.78 0.62 0.58 0.70
Total Debt/Eq 0.71 0.80 0.89 0.83 0.80
Profitability
.................. 12Mo/Dec 09 12Mo/Dec 10 12Mo/Dec 11 TTM 3 Year ave.
Gross Margin (%) 11.10 11.09 22.77 26.76 14.99
Operating Margin (%) 5.22 5.75 (6.21) (1.28) 1.59
Net Profit Margin (%) 1.23 (2.23) (7.38) (4.11) (2.79)
Interest Coverage 1.34 1.41 (1.89) --- 0.29
Management Effectiveness (%)
..................12 MoDec 09 12 MoDec 10 12 MoDec 11 TTM 3 YearAve
Return on Equity % 1.57 (2.44) (8.91) (4.94) (3.26)
Return on Assets % 0.76 (1.17) (4.07) (2.34) (1.49)
Return on Investments % 0.88 (1.37) (4.99) (2.82) (1.83)
Per Share Data
...............12Mo/Dec 09 12Mo/Dec 10 12Mo/Dec 11 TTM 3 Year Growth
Earning Per Share 0.08 (0.13) (0.43) (0.25)
Sales Per Share 6.55 5.77 5.92 6.04 (0.07)
Book Value 5.13 5.06 4.65 4.89 (0.03)
Cash Flow 0.08 (0.13) (0.44) 0.71
Cash Per Share 0.94 0.44 0.84 0.84 (0.18)
Quarter Historical Surprises
.....................Estimate Actual Difference Surprise (%)
Sales (Millions)
March 2012 187.93 176.57 11.36 6.05
December 2011 182.73 181.07 1.67 .91
September 2011 182.62 176.59 6.04 3.31
June 2011 157.27 172.81 15.54 9.88
Earnings (Per share)
March 2012 0.17 0.22 0.05 26.95
December 2011 0.17 0.17 0.00 1.19
September 2011 0.14 0.18 0.04 32.35
June 2011 0.08 0.14 0.06 75.00
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