Dril-Quip Inc
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, specialty connectors and associated pipes, subsea production trees and systems, mudline hanger systems, production riser systems, dry tree sys… Read more
Dril-Quip Inc (DQU) - Net Assets
Latest net assets as of June 2024: €852.52 Million EUR
Based on the latest financial reports, Dril-Quip Inc (DQU) has net assets worth €852.52 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.01 Billion) and total liabilities (€155.63 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €852.52 Million |
| % of Total Assets | 84.56% |
| Annual Growth Rate | -3.77% |
| 5-Year Change | -19.2% |
| 10-Year Change | N/A |
| Growth Volatility | 6.75 |
Dril-Quip Inc - Net Assets Trend (2014–2023)
This chart illustrates how Dril-Quip Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dril-Quip Inc (2014–2023)
The table below shows the annual net assets of Dril-Quip Inc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €881.26 Million | +0.73% |
| 2022-12-31 | €874.92 Million | -2.47% |
| 2021-12-31 | €897.11 Million | -13.87% |
| 2020-12-31 | €1.04 Billion | -4.51% |
| 2019-12-31 | €1.09 Billion | -0.50% |
| 2018-12-31 | €1.10 Billion | -15.32% |
| 2017-12-31 | €1.29 Billion | -4.57% |
| 2016-12-31 | €1.36 Billion | +2.41% |
| 2015-12-31 | €1.32 Billion | +6.37% |
| 2014-12-31 | €1.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dril-Quip Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 25.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €950.72 Million | 107.88% |
| Total Equity | €881.26 Million | 100.00% |
Dril-Quip Inc Competitors by Market Cap
The table below lists competitors of Dril-Quip Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PayPoint plc
OTCGREY:PYPTF
|
$490.59 Million |
|
JLGRF
PINK:JLGRF
|
$491.18 Million |
|
Maitri Health Technologies Corp
PINK:MHTCF
|
$491.23 Million |
|
Arjo AB (publ)
PINK:ARRJF
|
$491.29 Million |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$490.48 Million |
|
Changshu Automotive Trim Co
SHG:603035
|
$490.33 Million |
|
JSE Limited
PINK:JSEJF
|
$490.29 Million |
|
Third Coast Bancshares, Inc.
NASDAQ:TCBX
|
$490.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dril-Quip Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 874,916,000 to 881,260,000, a change of 6,344,000 (0.7%).
- Net income of 604,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €604.00K | +0.07% |
| Other Changes | €5.74 Million | +0.65% |
| Total Change | €- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares Dril-Quip Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.43x to 0.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €33.95 | €14.70 | x |
| 2018-12-31 | €30.23 | €14.70 | x |
| 2019-12-31 | €30.42 | €14.70 | x |
| 2020-12-31 | €29.41 | €14.70 | x |
| 2021-12-31 | €25.80 | €14.70 | x |
| 2022-12-31 | €25.61 | €14.70 | x |
| 2023-12-31 | €25.63 | €14.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dril-Quip Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.14%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.17x
- Recent ROE (0.07%) is below the historical average (0.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.76% | 22.42% | 0.64x | 1.16x | €84.19 Million |
| 2015 | 14.50% | 22.74% | 0.59x | 1.08x | €59.56 Million |
| 2016 | 6.87% | 17.30% | 0.37x | 1.08x | €-42.42 Million |
| 2017 | -7.77% | -22.10% | 0.33x | 1.08x | €-230.09 Million |
| 2018 | -8.73% | -24.88% | 0.32x | 1.09x | €-205.31 Million |
| 2019 | 0.16% | 0.41% | 0.34x | 1.11x | €-107.35 Million |
| 2020 | -2.95% | -8.43% | 0.32x | 1.11x | €-134.92 Million |
| 2021 | -14.27% | -39.63% | 0.32x | 1.13x | €-217.71 Million |
| 2022 | 0.05% | 0.12% | 0.37x | 1.11x | €-87.05 Million |
| 2023 | 0.07% | 0.14% | 0.41x | 1.17x | €-87.52 Million |
Industry Comparison
This section compares Dril-Quip Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $6,626,069,323
- Average return on equity (ROE) among peers: -24.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dril-Quip Inc (DQU) | €852.52 Million | 16.76% | 0.18x | $490.49 Million |
| Aker Solutions OL (1AKA) | $7.91 Billion | -19.47% | 2.39x | $1.62 Billion |
| Honghua Group Limited (4HB) | $4.96 Billion | 10.84% | 1.87x | $71.31 Million |
| Solaris Oilfield Infrastructure Inc (68S) | $409.66 Million | 12.70% | 0.23x | $2.44 Billion |
| Moreld ASA (C28) | $697.93 Million | -101.91% | 9.30x | $44.87 Million |
| China Oilfield Services Limited (CO9) | $42.26 Billion | 7.13% | 0.97x | $2.32 Billion |
| FRANKS INTL N.V. EO -01 (FK2) | $1.03 Billion | -8.77% | 0.15x | $1.46 Billion |
| Viridien Société anonyme (GDG) | $1.12 Billion | 4.44% | 1.53x | $786.17 Million |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $1.24 Billion | -11.15% | 0.94x | $23.09 Million |
| Dolfines SA (JPZ) | $3.46 Million | -117.87% | 1.65x | $10.52K |