Dril Quip Free Cash Flow per Share Trend from 2010 to 2022

DRQ
 Stock
  

USD 23.00  0.41  1.81%   

Dril Quip Free Cash Flow per Share yearly trend continues to be very stable with very little volatility. Free Cash Flow per Share is likely to grow to 1.25 this year. During the period from 2010 to 2022, Dril Quip Free Cash Flow per Share quarterly data regression pattern had sample variance of 3.92 and median of  1.19. Dril Quip Income Tax Expense is very stable at the moment as compared to the past year. Dril Quip reported last year Income Tax Expense of 2.95 Million.
  
Check Dril Quip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dril Quip main balance sheet or income statement drivers, such as Direct Expenses of 336.7 M, Cost of Revenue of 282.9 M or Gross Profit of 82.7 M, as well as many exotic indicators such as Long Term Debt to Equity of 1.0E-4, Calculated Tax Rate of 81.09 or PPandE Turnover of 1.97. Dril Quip financial statements analysis is a perfect complement when working with Dril Quip Valuation or Volatility modules. It can also supplement Dril Quip's financial leverage analysis and stock options assessment as well as various Dril Quip Technical models . Continue to the analysis of Dril Quip Correlation against competitors.

Dril Quip Quarterly Free Cash Flow per Share

(0.298)

Dril Quip Free Cash Flow per Share Breakdown

Showing smoothed Free Cash Flow per Share of Dril-Quip with missing and latest data points interpolated. Free Cash Flow per Share is a valuation metric calculated by dividing [FCF] by [SharesWA] and [ShareFactor].Dril Quip's Free Cash Flow per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Dril Quip's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 9.33 X10 Years Trend
Decreasing
Stable
   Free Cash Flow per Share   
Share
       Timeline  

Dril Quip Free Cash Flow per Share Regression Statistics

Arithmetic Mean 1.65
Geometric Mean 1.45
Coefficient Of Variation 119.81
Mean Deviation 1.50
Median 1.19
Standard Deviation 1.98
Sample Variance 3.92
Range 7.31
R-Value(0.13)
Mean Square Error 4.20
R-Squared 0.017141
Significance 0.67
Slope(0.07)
Total Sum of Squares 47.05

Dril Quip Free Cash Flow per Share History

2012 -1.42
2013 2.96
2014 2.7
2015 4.26
2016 5.89
2017 2.23
2018 0.82
2019 0.17
2020 -0.76
2021 1.0
2022 1.25

About Dril Quip Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Dril Quip income statement, its balance sheet, and the statement of cash flows. Dril Quip investors use historical funamental indicators, such as Dril Quip's Free Cash Flow per Share, to determine how well the company is positioned to perform in the future. Although Dril Quip investors may use each financial statement separately, they are all related. The changes in Dril Quip's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dril Quip's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Dril Quip Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Dril Quip. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Free Cash Flow per Share 1.00  1.25 
Free Cash Flow35.2 M46.5 M
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

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Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dril Quip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dril Quip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dril Quip

0.93HALHalliburton Potential GrowthPairCorr
0.7MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr

Moving against Dril Quip

0.53AERCAeroclean Technologies TrendingPairCorr
The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dril Quip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dril Quip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Dril Quip Correlation against competitors. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
740.1 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.