Stock ICD INDEPENDENCE CONTRACT DRILLING, INC.
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Financials Independence Contract Drilling, Inc.

Equities

ICD

US4534156066

Oil & Gas Drilling

Market Closed - Nyse
Other stock markets
 04:10:00 2024-04-29 pm EDT 		5-day change 1st Jan Change
1.87 USD +0.54% Intraday chart for Independence Contract Drilling, Inc. -2.09% -23.67%
Mar. 22 Independence Contract Drilling Engages Piper Sandler & Co. as Financial Advisor to Strategic Alternatives Committee CI
Feb. 28 Transcript : Independence Contract Drilling, Inc., Q4 2023 Earnings Call, Feb 28, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 76.08 18.16 28.57 44.44 34.47 28.4 -
Enterprise Value (EV) 1 209.5 151.1 28.57 184.8 184.7 209.3 215.8
P/E ratio -1.23 x -0.15 x -0.34 x -0.65 x -0.91 x -0.62 x -0.95 x
Yield - - - - - - -
Capitalization / Revenue 0.37 x 0.22 x - 0.24 x 0.16 x 0.16 x 0.13 x
EV / Revenue 1.03 x 1.81 x - 0.99 x 0.88 x 1.16 x 0.96 x
EV / EBITDA 4.82 x 21.5 x -107 x 4.22 x 2.94 x 4.75 x 3.7 x
EV / FCF -20.1 x -10.8 x - -12.8 x 9.07 x 10.2 x 10.6 x
FCF Yield -4.96% -9.22% - -7.83% 11% 9.85% 9.41%
Price to Book 0.23 x 0.06 x - 0.2 x 0.19 x 0.19 x 0.23 x
Nbr of stocks (in thousands) 3,816 6,176 9,523 13,590 14,071 15,267 -
Reference price 2 19.94 2.940 3.000 3.270 2.450 1.870 1.870
Announcement Date 2/28/20 2/24/21 3/7/22 3/2/23 2/28/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 203.6 83.42 - 186.7 210.1 180.9 224.7
EBITDA 1 43.43 7.043 -0.266 43.75 62.84 44.05 58.27
EBIT 1 -3.808 -38.63 - -1.941 -3.717 -5.206 7.959
Operating Margin -1.87% -46.31% - -1.04% -1.77% -2.88% 3.54%
Earnings before Tax (EBT) 1 - - - -71.52 -39.67 -45.48 -32.64
Net income 1 -60.79 -96.64 -66.71 -65.32 -37.7 -42.69 -28.32
Net margin -29.86% -115.85% - -34.99% -17.94% -23.6% -12.6%
EPS 2 -16.20 -19.69 -8.890 -5.010 -2.690 -3.005 -1.975
Free Cash Flow 1 -10.4 -13.94 - -14.47 20.37 20.62 20.31
FCF margin -5.11% -16.71% - -7.75% 9.69% 11.4% 9.04%
FCF Conversion (EBITDA) - - - - 32.41% 46.8% 34.86%
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 2/28/20 2/24/21 3/7/22 3/2/23 2/28/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 24.04 - 34.99 42.31 49.15 60.26 63.76 56.36 44.16 45.83 41.64 43.55 46.75 48.98 52.9
EBITDA 1 0.663 1.452 3.575 9.223 12.47 18.48 21.41 18.65 12.9 9.877 9.214 10.29 11.95 13.04 13.6
EBIT 1 - - -6.176 -1.299 0.641 5.871 8.729 3.893 0.78 -17.12 -3.506 -2.088 -0.352 0.7395 1
Operating Margin - - -17.65% -3.07% 1.3% 9.74% 13.69% 6.91% 1.77% -37.35% -8.42% -4.79% -0.75% 1.51% 1.89%
Earnings before Tax (EBT) 1 - - -12.63 -0.592 -7.89 -3.518 0.01 -4.358 -8.442 -26.88 -13.37 -12.15 -10.62 -9.326 -9.2
Net income 1 - - -12.21 -2.791 -7.194 3.461 0.012 -4.161 -7.598 -25.95 -12.84 -11.67 -10.17 -8.013 -8.9
Net margin - - -34.89% -6.6% -14.64% 5.74% 0.02% -7.38% -17.2% -56.62% -30.83% -26.8% -21.76% -16.36% -16.82%
EPS 2 -0.5900 - -1.080 -0.2100 -0.5300 0.2000 - -0.3000 -0.5400 -1.840 -0.9100 -0.8250 -0.7200 -0.5650 -0.6200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/2/21 3/7/22 5/5/22 8/4/22 11/1/22 3/2/23 5/9/23 8/3/23 11/1/23 2/28/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 133 133 - 140 150 181 187
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 3.072 x 18.88 x - 3.209 x 2.39 x 4.106 x 3.216 x
Free Cash Flow 1 -10.4 -13.9 - -14.5 20.4 20.6 20.3
ROE (net income / shareholders' equity) -5.01% -18.4% - - -6.3% - -
ROA (Net income/ Total Assets) -3.29% -11.5% - - - - -
Assets 1 1,850 842.7 - - - - -
Book Value Per Share 2 87.00 50.30 - 16.50 12.60 9.990 8.250
Cash Flow per Share 7.400 0.0600 - - - - -
Capex 1 38.3 14.2 - 43 40.7 18.5 23
Capex / Sales 18.82% 17.06% - 23.06% 19.35% 10.23% 10.23%
Announcement Date 2/28/20 2/24/21 3/7/22 3/2/23 2/28/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Independence Contract Drilling, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
1.87 USD
Average target price
4.5 USD
Spread / Average Target
+140.64%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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