$NexTier Oilfield Solutions (NEX.US)$Revenue peaked in 2018,...
$NexTier Oilfield Solutions(NEX.US$Revenue peaked in 2018, then declined for two years and rebounded 18.4% in 2021. Operating profit has been continuously lost for the past two years. Net profit was only relatively low in 2018.
In the first three quarters of 2022, revenue increased 1.6 times to 23.7, operating profit increased 2.9 times to 237 million, and net profit increased 2.4 times to 180 million yuan.
Currently, the price-earnings ratio TTM is 11.1. If net profit for the full year of 2022 reaches 240 million, corresponding to a price-earnings ratio of 9, considering the recent surge plus continuous losses over the previous 3 years, the current valuation is not very attractive.
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