Ncs Multistage Holdings (NCSM) AI Stock Analysis

• Market Cap: $81.18M
• Dividend Yield: N/A
• Average Volume (3M): 5.08K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.41
• Revenue Growth: 19.15%
• EPS Growth: -71.62%
• Country: US
• Employees: 252
• Sector: Energy
• Sector Strength: 41
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.10
• Shares Outstanding: 2,540,849
• 10 Day Avg. Volume: 8,602
• 30 Day Avg. Volume: 5,080
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 0.49
• Enterprise Value/Gross Profit: 1.24
• Enterprise Value/Ebitda: 5.53
• 1Y Price Target: $40.00
• Price Target Upside: 14.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 81 Outperform
• Price Target: $40.00 ▲(14.81% Upside)

NCS Multistage Holdings receives a strong overall score of 81, driven primarily by robust financial performance and positive technical indicators. The earnings call provided additional confidence with upward revisions in guidance and strategic acquisitions. Valuation metrics suggest the stock is undervalued, enhancing its attractiveness. While international revenue decline and market uncertainties pose risks, the overall outlook remains positive.

Ncs Multistage Holdings Business Overview & Revenue Model

Company Description

NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, accelus sliding sleeves, injection control devices, repeat precision products, chemical and radioactive tracer diagnostics, and well construction products. The company also provides tracer diagnostics services for well completion and reservoir characterization that utilize downhole chemical and radioactive tracers. It offers its products and services primarily to exploration and production companies for use in onshore wells through technically-trained direct sales force, and operating partners or sales representatives. The company was formerly known as Pioneer Super Holdings, Inc. and changed its name to NCS Multistage Holdings, Inc. in December 2016. NCS Multistage Holdings, Inc. was founded in 2006 and is headquartered in Houston, Texas.

How the Company Makes Money

NCS Multistage Holdings generates revenue through the sale and rental of its multistage fracturing systems and associated services to oil and gas operators. The company typically charges clients on a per-stage basis for its completion services, which can include equipment rentals, technical support, and consulting. Key revenue streams include direct sales of proprietary technologies, service contracts for completion operations, and potential licensing agreements for its patented technologies. Significant partnerships with major oil and gas companies enhance its market reach and contribute to consistent revenue growth, as these collaborations often lead to long-term contracts and repeat business.

Ncs Multistage Holdings Financial Statement Overview

Summary

NCS Multistage Holdings demonstrates a solid financial performance with strong recovery in profitability and effective cash flow management. The income statement shows improvement in profit margins, and the cash flow is robust, despite asset base growth constraints. The balance sheet is stable, reflecting manageable leverage.

Income Statement

Ncs Multistage Holdings has shown a strong recovery and growth trajectory in its TTM (Trailing-Twelve-Months) income statement. The gross profit margin has improved, and there is a notable increase in revenue, demonstrating a positive upward trend. The net profit margin and EBIT margin have also significantly improved, indicating efficient operational management. However, historical fluctuations in net income are a point of concern.

Balance Sheet

The company's balance sheet reflects a stable equity position with a good equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting manageable leverage. Return on equity has improved, showcasing enhanced profitability. Despite these strengths, the overall asset base has not grown significantly, which may limit growth potential.

Cash Flow

Cash flow metrics are robust, with strong free cash flow growth and positive operating cash flow in the TTM. The company has maintained a healthy operating cash flow to net income ratio, reflecting efficient cash generation relative to reported profits. This strong cash position provides a solid foundation for future investments and debt management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	175.47M	162.56M	142.47M	155.63M	118.50M	106.98M
Gross Profit	70.00M	62.15M	50.99M	56.09M	43.97M	38.18M
EBITDA	15.67M	13.98M	1.86M	4.73M	1.72M	-39.20M
Net Income	12.60M	6.59M	-3.15M	-952.00K	-3.78M	-39.11M
Balance Sheet
Total Assets	157.98M	152.81M	152.03M	138.60M	142.32M	138.68M
Cash, Cash Equivalents and Short-Term Investments	25.37M	25.88M	16.72M	16.23M	22.17M	15.54M
Total Debt	8.22M	14.63M	13.51M	12.88M	13.15M	11.60M
Total Liabilities	34.00M	36.70M	42.64M	29.34M	31.66M	25.19M
Stockholders Equity	106.44M	98.84M	91.62M	91.03M	92.58M	93.61M
Cash Flow
Free Cash Flow	9.06M	11.42M	2.58M	-2.55M	10.75M	32.96M
Operating Cash Flow	10.50M	12.72M	4.77M	-1.42M	11.58M	35.12M
Investing Cash Flow	398.00K	479.00K	-1.68M	-698.00K	-444.00K	-1.06M
Financing Cash Flow	-4.84M	-4.27M	-2.44M	-2.74M	-4.26M	-29.77M

Ncs Multistage Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NCSM, the sentiment is Positive. The current price of 34.84 is above the 20-day moving average (MA) of 31.41, above the 50-day MA of 30.90, and above the 200-day MA of 28.76, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 63.73 is Neutral, neither overbought nor oversold. The STOCH value of 61.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NCSM.

Ncs Multistage Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	81 Outperform	$81.18M	6.70	12.76%	―	19.15%	-71.62%
Sector *	65 Neutral	$14.84B	8.62	2.77%	5.45%	4.51%	-62.52%
GEOS	61 Neutral	$200.77M	―	-9.95%	―	-10.77%	-229.81%
DTI	56 Neutral	$74.74M	26.47	-4.23%	―	9.74%	-132.61%
SND	49 Neutral	$81.46M	104.40	0.33%	―	3.43%	-36.73%
KLXE	41 Neutral	$32.65M	―	-375.26%	―	-13.29%	-106.14%
DWSN	41 Neutral	$40.36M	―	-38.69%	―	-38.69%	-30.53%

Ncs Multistage Holdings Corporate Events

NCS Multistage Holds 2025 Annual Stockholder Meeting

On May 21, 2025, NCS Multistage Holdings, Inc. conducted its 2025 Annual Meeting of Stockholders. During the meeting, stockholders voted on four key business items, including the election of two Class II Directors, the ratification of Grant Thornton LLP as the independent registered public accounting firm, approval of executive compensation, and the Amended and Restated 2017 Equity Incentive Plan. Approximately 87.5% of eligible votes were cast, reflecting significant shareholder engagement in the company’s governance.