National Energy Services Reunited Corp. (NESR)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 834 | 877 | 910 | 1,146 | 1,302 | 1,324 | 1,619 | 2,053 |
| Operating profit | $m | 98 | 151 | ||||||
| Net profit | $m | 17 | -65 | -36 | 13 | 76 | 51 | 93 | 183 |
| EPS reported | $ | 0.52 | 0.92 | ||||||
| Operating cashflow per share | $ | 2.68 | 3.47 | ||||||
| Capex per share | $ | 1.46 | 1.92 | ||||||
| FCF per share | $ | 1.23 | 1.55 | ||||||
| Free cash flow | $m | 121 | 156 | ||||||
| Net debt | $m | 207 | 100 | ||||||
| Book value equity | $m | 968 | 1,042 | ||||||
| Book value per share | $ | 9.77 | 10.10 | ||||||
| Number of shares | m | 99.11 | 103.22 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 30.12 | 35.06 | ||||||
| P/B LTM | x | 1.59 | 1.48 | ||||||
| P/S LTM | x | 1.16 | 0.95 | ||||||
| P/FCF LTM | x | 12.76 | 9.86 | ||||||
| EV/EBITDA LTM | x | 7.53 | 6.18 | ||||||
| EV/Sales LTM | x | 1.33 | 2.34 | ||||||
| Earnings Yield LTM | % | +3.32% | +2.85% | ||||||
| FCF Yield | % | +7.84% | +10.14% | ||||||
| Quality | |||||||||
| ROE | % | +5.28% | +9.43% | ||||||
| ROIC | % | +6.08% | +8.54% | ||||||
| Operating margin | % | +7.43% | +9.34% | ||||||
| Gross margin | % | +11.02% | +12.50% | ||||||
| FCF/Sales | % | +9.12% | +9.66% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -35.00% | +15.00% | ||||||
| Sales Growth YoY | % | +1.72% | +24.37% | ||||||
| Net Income Growth YoY | % | -32.99% | +22.37% | ||||||
| FCF Growth | % | -2.77% | +25.85% | ||||||
| Operating Profit Growth | % | -28.60% | +9.77% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.35 | 0.52 | ||||||
| Net Debt/EBITDA | x | 0.96 | 0.43 | ||||||
| EBIT/Net interest | x | 3.02 | 5.17 | ||||||
| Net debt/market cap | % | +21.50% | +7.54% | ||||||
| Net debt/Equity | x | 0.21 | 0.10 | ||||||
| Gross debt/equity | x | 0.36 | 0.29 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
National Energy Services Reunited Corp. (NESR), established in 2017 with its headquarters in Houston, Texas, offers an extensive range of oilfield services to energy companies operating across the Middle East, North Africa, and Asia Pacific regions. The company's operations are divided into two main segments: Production Services, and Drilling and Evaluation Services. The Production Services division delivers a variety of solutions aimed at maximizing well output and maintaining essential infrastructure. These encompass hydraulic fracturing and stimulation services designed to boost production, along with numerous coiled tubing applications such as nitrogen lifting, fishing, milling, and wellbore clean-outs. It also provides both primary and remedial cementing services, nitrogen applications, and filtration services, including the supply of frac tanks and pumping units. Furthermore, this segment offers comprehensive pipeline services, covering activities like water filling, hydro testing, nitrogen purging, de-gassing, pressure testing, and critical cutting, welding, and cooling of piping and vessel systems. Additional offerings include production assurance chemicals, laboratory analysis, artificial lift systems, and specialized equipment such as surface and subsurface safety systems, high-pressure packer systems, and flow controls. NESR also supplies service tools, advanced expandable liner technology, vacuum insulated tubing technology, and boasts in-house engineering capabilities with integrated manufacturing and testing facilities. A significant part of its service portfolio also involves water management, including the sourcing, treatment, and disposal of water for oil and gas, municipal, and industrial uses. The Drilling and Evaluation Services segment focuses on the initial stages of oil and gas exploration and well construction, as well as ongoing diagnostics. It supplies various drilling and workover rigs, associated rig services, and specialized solutions for fishing operations and well remediation. This segment also provides advanced directional and turbine drilling services, sophisticated drilling fluid systems, and related technologies. For subsurface analysis and intervention, NESR performs wireline logging and slickline services—the latter being vital for tasks such like removing scale, wax, and sand build-up, setting plugs, exchanging gas lift valves, and other well applications. The segment also conducts well testing to assess the production of solids, gas, oil, and water from a well, and offers rental services for drilling tools. Complementary services include thru-tubing intervention solutions, tubular running services, and the provision of essential wellhead products, flow control apparatus, and frac equipment.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
National Energy Services Reunited Corp. (NESR)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
National Energy Services Reunited Corp. (NESR), established in 2017 with its headquarters in Houston, Texas, offers an extensive range of oilfield services to energy companies operating across the Middle East, North Africa, and Asia Pacific regions. The company's operations are divided into two main segments: Production Services, and Drilling and Evaluation Services. The Production Services division delivers a variety of solutions aimed at maximizing well output and maintaining essential infrastructure. These encompass hydraulic fracturing and stimulation services designed to boost production, along with numerous coiled tubing applications such as nitrogen lifting, fishing, milling, and wellbore clean-outs. It also provides both primary and remedial cementing services, nitrogen applications, and filtration services, including the supply of frac tanks and pumping units. Furthermore, this segment offers comprehensive pipeline services, covering activities like water filling, hydro testing, nitrogen purging, de-gassing, pressure testing, and critical cutting, welding, and cooling of piping and vessel systems. Additional offerings include production assurance chemicals, laboratory analysis, artificial lift systems, and specialized equipment such as surface and subsurface safety systems, high-pressure packer systems, and flow controls. NESR also supplies service tools, advanced expandable liner technology, vacuum insulated tubing technology, and boasts in-house engineering capabilities with integrated manufacturing and testing facilities. A significant part of its service portfolio also involves water management, including the sourcing, treatment, and disposal of water for oil and gas, municipal, and industrial uses. The Drilling and Evaluation Services segment focuses on the initial stages of oil and gas exploration and well construction, as well as ongoing diagnostics. It supplies various drilling and workover rigs, associated rig services, and specialized solutions for fishing operations and well remediation. This segment also provides advanced directional and turbine drilling services, sophisticated drilling fluid systems, and related technologies. For subsurface analysis and intervention, NESR performs wireline logging and slickline services—the latter being vital for tasks such like removing scale, wax, and sand build-up, setting plugs, exchanging gas lift valves, and other well applications. The segment also conducts well testing to assess the production of solids, gas, oil, and water from a well, and offers rental services for drilling tools. Complementary services include thru-tubing intervention solutions, tubular running services, and the provision of essential wellhead products, flow control apparatus, and frac equipment.
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