Championx Fundamentals

CHX
 Stock
  

USD 22.03  0.14  0.64%   

Championx Corp fundamentals help investors to digest information that contributes to Championx Corp's financial success or failures. It also enables traders to predict the movement of Championx Stock. The fundamental analysis module provides a way to measure Championx Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Championx Corp stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Championx Corp Direct Expenses is fairly stable at the moment as compared to the past year. Championx Corp reported Direct Expenses of 2.33 Billion in 2021. Consolidated Income is likely to rise to about 123.3 M in 2022, whereas Gross Profit is likely to drop slightly above 626.5 M in 2022.

Championx Return On Asset Analysis

Championx Corp's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
 2019 2020 2021 2022 (projected)
Receivables219.87 M559.54 M584.44 M630.58 M
Inventories211.34 M430.11 M542.91 M585.77 M
Return on Asset 
 = 
Net Income 
Total Assets 
X
100 
More About Return On Asset | All Equity Analysis

Current Championx Corp Return On Asset

    
  5.02 %  
Most of Championx Corp's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Championx Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Championx Return On Asset Historical Pattern

Today, most investors in Championx Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Championx Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Championx Corp return on asset as a starting point in their analysis.
   Championx Corp Return On Asset   
Share
       Timeline  
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Compare to competition

Championx Total Assets

Total Assets

3.28 Billion

Championx Corp Total Assets are fairly stable at the moment as compared to the past year. Championx Corp reported Total Assets of 3.53 Billion in 2021
Based on the latest financial disclosure, Championx Corp has a Return On Asset of 5.02%. This is much higher than that of the Energy sector and notably lower than that of the Oil & Gas Equipment & Services industry. The return on asset for all United States stocks is notably lower than that of the firm.

Championx Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Championx Corp's current stock value. Our valuation model uses many indicators to compare Championx Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Championx Corp competition to find correlations between indicators driving Championx Corp's intrinsic value. More Info.
Championx Corp is number one stock in gross profit category among related companies. It is number one stock in z score category among related companies . The ratio of Gross Profit to Z Score for Championx Corp is about  249,943,333 . Championx Corp Gross Profit is fairly stable at the moment as compared to the past year. Championx Corp reported Gross Profit of 743.27 Million in 2021. Comparative valuation analysis is a catch-all model that can be used if you cannot value Championx Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Championx Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Championx Corp's earnings, one of the primary drivers of an investment's value.

Championx Number of Shares Shorted Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Championx Corp's direct or indirect competition against its Number of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Championx Corp could also be used in its relative valuation, which is a method of valuing Championx Corp by comparing valuation metrics of similar companies.
Championx Corp is currently under evaluation in number of shares shorted category among related companies.

Championx Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Championx Corp from analyzing Championx Corp's financial statements. These drivers represent accounts that assess Championx Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Championx Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA201.15 M273.01 M217.63 M(498.23 M)440.95 M475.76 M
Earnings Before Interest Taxes and Depreciation Amortization USD201.15 M273.01 M217.63 M(498.23 M)440.95 M475.76 M
Earnings before Tax87.42 M120.9 M58.39 M(764.33 M)151.74 M163.72 M
Free Cash Flow42.94 M107.17 M120.72 M274.58 M315.78 M261.19 M
Invested Capital489.62 M1.2 B1.12 B2.54 B2.21 B1.93 B
Tangible Asset Value658.02 M784.44 M773 M2.32 B2.43 B2.01 B
Working Capital290.99 M317.47 M293.76 M643.28 M658.58 M582.8 M

Championx Fundamentals

About Championx Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Championx Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Championx Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Championx Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue2.3 B2.5 B
Revenues3.1 B2.5 B
Revenue to Assets 0.87  0.71 
Revenue Per Employee439.3 K382.6 K
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

Championx Corp Investors Sentiment

The influence of Championx Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Championx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Championx Corp's public news can be used to forecast risks associated with investment in Championx. The trend in average sentiment can be used to explain how an investor holding Championx can time the market purely based on public headlines and social activities around Championx Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Championx Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Championx Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Championx Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Championx Corp.

Championx Corp Implied Volatility

    
  58.05  
Championx Corp's implied volatility exposes the market's sentiment of Championx Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Championx Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Championx Corp stock will not fluctuate a lot when Championx Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Championx Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Championx Corp's short interest history, or implied volatility extrapolated from Championx Corp options trading.

Pair Trading with Championx Corp

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 Championx Corp 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 Championx Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Championx Corp

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The ability to find closely correlated positions to Championx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Championx Corp 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 Championx Corp - 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 Championx Corp to buy it.
The correlation of Championx Corp 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 Championx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx Corp 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 Championx Corp 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 Championx Corp Piotroski F Score and Championx Corp Altman Z Score analysis. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Championx Corp price analysis, check to measure Championx Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp'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 Championx Corp. If investors know Championx 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 Championx Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
3.33
Market Capitalization
4.5 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp is measured differently than its book value, which is the value of Championx that is recorded on the company's balance sheet. Investors also form their own opinion of Championx Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp'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 Championx Corp's market value can be influenced by many factors that don't directly affect Championx Corp'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 Championx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp'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.