(NINE) Nine Energy Service - Overview
Stock: Cementing Services, Completion Tools, Wireline Services, Coiled Tubing
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | -% |
| Relative Tail Risk | -16.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.22 |
| Alpha | -116.65 |
| Character TTM | |
|---|---|
| Beta | 1.287 |
| Beta Downside | 3.027 |
| Drawdowns 3y | |
|---|---|
| Max DD | 99.87% |
| CAGR/Max DD | -0.87 |
Description: NINE Nine Energy Service January 07, 2026
Nine Energy Service, Inc. (NYSE: NINE) is an onshore completion-services firm focused on unconventional oil and gas development across North American basins and select international markets, headquartered in Houston, Texas.
The company’s core offerings include cementing (high-grade cement blends and additives), a broad portfolio of open-hole and cemented completion tools (liner hangers, fracture-isolation packers, frac sleeves, centralizers, etc.), plug-and-perf wireline services for multistage cased-hole completions, and coiled-tubing interventions using continuous steel pipe spooled on-site.
In its most recent quarter (Q3 2024), Nine reported revenue of $115 million, a 12% year-over-year increase driven by higher utilization rates that rose to roughly 85% of its rig fleet, and a backlog of $210 million, indicating strong near-term demand for its completion services.
The business is highly sensitive to oil-price fundamentals and the pace of U.S. shale drilling activity; a sustained Brent price above $80 per barrel and a robust natural-gas price spread typically translate into higher completion volumes, while a downturn in rig counts can compress utilization and margins.
For a deeper quantitative assessment, you may explore ValueRay’s detailed valuation models for NINE.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -40.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -2.67 > 1.0 |
| NWC/Revenue: 15.60% < 20% (prev 16.80%; Δ -1.20% < -1%) |
| CFO/TA 0.03 > 3% & CFO 9.86m > Net Income -40.9m |
| Net Debt (361.5m) to EBITDA (61.8m): 5.85 < 3 |
| Current Ratio: 2.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.3m) vs 12m ago 5.32% < -2% |
| Gross Margin: 11.50% > 18% (prev 0.11%; Δ 1140 % > 0.5%) |
| Asset Turnover: 164.6% > 50% (prev 157.6%; Δ 7.00% > 0%) |
| Interest Coverage Ratio: 0.24 > 6 (EBITDA TTM 61.8m / Interest Expense TTM 54.2m) |
Altman Z'' -8.82
| A: 0.26 (Total Current Assets 162.9m - Total Current Liabilities 73.8m) / Total Assets 340.7m |
| B: -2.64 (Retained Earnings -899.4m / Total Assets 340.7m) |
| C: 0.04 (EBIT TTM 12.8m / Avg Total Assets 347.0m) |
| D: -2.07 (Book Value of Equity -903.8m / Total Liabilities 436.6m) |
| Altman-Z'' Score: -8.82 = D |
Beneish M -3.28
| DSRI: 1.00 (Receivables 81.4m/79.7m, Revenue 571.2m/556.8m) |
| GMI: 0.92 (GM 11.50% / 10.59%) |
| AQI: 0.92 (AQ_t 0.22 / AQ_t-1 0.24) |
| SGI: 1.03 (Revenue 571.2m / 556.8m) |
| TATA: -0.15 (NI -40.9m - CFO 9.86m) / TA 340.7m) |
| Beneish M-Score: -3.28 (Cap -4..+1) = AA |
What is the price of NINE shares?
Over the past week, the price has changed by -95.48%, over one month by -93.65%, over three months by -94.70% and over the past year by -97.61%.
Is NINE a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the NINE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 0.8 | 2400% |
| Analysts Target Price | 0.8 | 2400% |
| ValueRay Target Price | 0 | 0% |
NINE Fundamental Data Overview February 04, 2026
P/B = 5.0088
Revenue TTM = 571.2m USD
EBIT TTM = 12.8m USD
EBITDA TTM = 61.8m USD
Long Term Debt = 339.4m USD (from longTermDebt, last quarter)
Short Term Debt = 13.2m USD (from shortTermDebt, last quarter)
Debt = 375.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 361.5m USD (from netDebt column, last quarter)
Enterprise Value = 386.9m USD (25.4m + Debt 375.9m - CCE 14.4m)
Interest Coverage Ratio = 0.24 (Ebit TTM 12.8m / Interest Expense TTM 54.2m)
EV/FCF = -57.71x (Enterprise Value 386.9m / FCF TTM -6.70m)
FCF Yield = -1.73% (FCF TTM -6.70m / Enterprise Value 386.9m)
FCF Margin = -1.17% (FCF TTM -6.70m / Revenue TTM 571.2m)
Net Margin = -7.17% (Net Income TTM -40.9m / Revenue TTM 571.2m)
Gross Margin = 11.50% ((Revenue TTM 571.2m - Cost of Revenue TTM 505.5m) / Revenue TTM)
Gross Margin QoQ = 8.90% (prev 11.69%)
Tobins Q-Ratio = 1.14 (Enterprise Value 386.9m / Total Assets 340.7m)
Interest Expense / Debt = 3.65% (Interest Expense 13.7m / Debt 375.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 10.1m (EBIT 12.8m * (1 - 21.00%))
Current Ratio = 2.21 (Total Current Assets 162.9m / Total Current Liabilities 73.8m)
Debt / Equity = -3.92 (negative equity) (Debt 375.9m / totalStockholderEquity, last quarter -95.9m)
Debt / EBITDA = 5.85 (Net Debt 361.5m / EBITDA 61.8m)
Debt / FCF = -53.93 (negative FCF - burning cash) (Net Debt 361.5m / FCF TTM -6.70m)
Total Stockholder Equity = -78.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.80% (Net Income -40.9m / Total Assets 340.7m)
RoE = 51.86% (negative equity) (Net Income TTM -40.9m / Total Stockholder Equity -78.9m)
RoCE = 4.91% (EBIT 12.8m / Capital Employed (Equity -78.9m + L.T.Debt 339.4m))
RoIC = 4.08% (NOPAT 10.1m / Invested Capital 247.6m)
WACC = 3.37% (E(25.4m)/V(401.3m) * Re(10.66%) + D(375.9m)/V(401.3m) * Rd(3.65%) * (1-Tc(0.21)))
Discount Rate = 10.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.45%
Fair Price DCF = unknown (Cash Flow -6.70m)
EPS Correlation: -46.43 | EPS CAGR: 22.36% | SUE: 4.0 | # QB: 1
Revenue Correlation: 16.79 | Revenue CAGR: 6.27% | SUE: -1.86 | # QB: 0
EPS next Year (2026-12-31): EPS=-1.05 | Chg30d=N/A | Revisions Net=+1 | Growth EPS=+1.9% | Growth Revenue=+1.4%