Paratus Energyrvices Stock price
Compare with Peer Group
📊 Peer Group
📈 What is it?
The peer group consists of the companies with the most similar business model. They serve as a benchmark for putting a stock into context.
🧮 How is it selected?
Based on similarity of business model, meaning companies from the same industry with comparable products and a similar customer base. That's the only way to compare apples to apples.
🏛️ Why does it matter?
Whether a stock is cheap or expensive is best judged by comparison. A P/E of 18 or an EV/FCF of 20 can look cheap or expensive depending on the yardstick. The peer group gives you the most accurate one: companies with a similar business model that operate under the same conditions.
🎯 What does it mean for investors?
When a metric sits below the peer average, the stock is valued more cheaply relative to its competitors, and above the average more expensively. A discount to the peer group can be an opportunity, but it can also have a reason (for example lower growth). The comparison is a starting point, not a verdict.
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Key metrics
📘 Market Capitalization
📈 What is it?
Market capitalization shows how much a company is currently worth on the stock market.
🧮 How is it calculated?
🏛️ Why is it important?
It helps classify companies by size (Large, Mid, Small Cap) and indicates their market presence and relative stability.
🧮 Calculation
🎯 What does this mean for investors?
- Large-cap companies tend to be more stable, often pay dividends, but may grow more slowly.
- Smaller firms may offer higher growth potential but come with more volatility.
- Market capitalization is a useful indicator of company size — but not a measure of whether a stock is undervalued or overvalued.
📘 Enterprise Value (EV)
📈 What is it?
Enterprise Value represents the total cost to acquire a company — including its debt and excluding its cash reserves.
🧮 How is it calculated?
(= Market Cap + Net Debt)
🏛️ Why is it important?
EV gives a more complete picture of a company's value than market cap alone and is used in key valuation ratios like EV/FCF or EV/Sales.
🧮 Calculation
🎯 What does this mean for investors?
- Enterprise Value shows the true cost of buying a company, including all financial obligations.
- It is more accurate than just looking at market cap, especially when comparing companies with different levels of debt or cash.
- Professional investors prefer EV-based multiples because they better reflect the company’s full financial footprint.
📘 Net Debt
📈 What is it?
Net Debt shows how much debt remains after subtracting a company’s available cash reserves.
🧮 How is it calculated?
🏛️ Why is it important?
It indicates how dependent a company is on borrowed money and how easily it can service its debt in the short term.
🧮 Calculation
🎯 What does this mean for investors?
- Low or negative net debt signals financial strength and flexibility.
- Companies with strong cash positions are better positioned in crises.
- High net debt increases financial risk — especially in environments with rising interest rates or economic downturns.
📘 Cash
📈 What is it?
Cash represents all liquid assets a company can access immediately — including cash, bank deposits, and short-term investments.
🧮 How is it calculated?
🏛️ Why is it important?
It reflects a company’s financial flexibility and resilience — enabling investments, buybacks, or buffer in downturns.
🧮 Calculation
🎯 What does this mean for investors?
- A strong cash position means greater room for maneuver and crisis resistance.
- Cash-rich companies can invest, pay down debt, or repurchase shares.
- But excess idle cash might indicate a lack of growth opportunities.
📘 Shares Outstanding
📈 What is it?
Shares outstanding represent the total number of a company’s shares currently held by investors — excluding treasury stock.
🧮 How is it calculated?
🏛️ Why is it important?
It’s the basis for key metrics like Earnings Per Share (EPS), Market Capitalization, or the Price/Earnings ratio (P/E).
🧮 Calculation
🎯 What does this mean for investors?
- Fewer shares in circulation typically increase earnings per share — making each share more valuable.
- Share buybacks reduce the number of shares and boost per-share metrics.
- Issuing new shares does the opposite — diluting shareholder value and lowering per-share figures.
📘 Price-to-Earnings Ratio (P/E)
📈 What is it?
The P/E ratio shows how many times a company's earnings per share are reflected in its current share price — in other words, how "expensive" the stock appears relative to its profits.
🧮 How is it calculated?
🏛️ Why is it important?
The P/E ratio is one of the most widely used valuation metrics. It helps investors assess whether a stock appears cheap or expensive compared to its earnings power.
🎯 What does this mean for investors?
- A low P/E may indicate undervaluation — or signal underlying issues.
- A high P/E may reflect strong growth expectations — or an overvalued stock.
📘 Price-to-Sales Ratio (P/S)
📈 What is it?
The P/S ratio shows how much investors are paying for $1 of the company’s revenue – regardless of profitability.
🧮 How is it calculated?
🏛️ Why is it important?
P/S is especially useful for evaluating growth companies or businesses not yet profitable. It reflects how the market values the company’s sales.
🧮 Calculation
Market Cap = kr7.66b | Estimated Revenue = kr2.00b
🎯 What does this mean for investors?
- A low P/S may indicate undervaluation — or low profitability.
- A high P/S can reflect strong growth expectations — or excessive optimism.
- Especially helpful when evaluating companies where profits are low, volatile, or negative.
📘 Enterprise Value to Sales (EV/Sales)
📈 What is it?
EV/Sales shows how much investors are paying for $1 of revenue — considering not just equity, but also debt and cash. It’s the capital structure–adjusted version of the P/S ratio.
🧮 How is it calculated?
🏛️ Why is it important?
It’s ideal for comparing companies with different levels of debt. It reflects a company's true cost relative to its revenue.
🧮 Calculation
Enterprise Value = kr13.19b | Forward Revenue = kr2.00b
🎯 What does this mean for investors?
- EV/Sales allows for capital structure–neutral company comparisons.
- A lower ratio may indicate undervaluation; a higher one may signal strong growth expectations or overvaluation.
- Especially helpful when evaluating high-growth companies with low or negative earnings.
📘 Enterprise Value to Free Cash Flow (EV/FCF) | ex SBC
📈 What is it?
EV/FCF compares a company’s enterprise value with its free cash flow. The metric therefore shows the multiple of current free cash flow at which a company is valued. EV/FCF ex SBC additionally accounts for stock-based compensation (SBC). While SBC does not represent a direct cash outflow, issuing shares as compensation can dilute existing shareholders. Therefore, SBC is deducted from free cash flow in this adjusted version.
🧮 How is it calculated?
EV/FCF ex SBC = Enterprise Value ÷ (Free Cash Flow (TTM) − SBC)
🏛️ Why is it important?
EV/FCF provides a valuation based on free cash flow and therefore complements earnings-based valuation metrics such as the P/E ratio. The ex SBC version additionally accounts for the economic impact of stock-based compensation and provides a more conservative view from a shareholder perspective.
🧮 Calculation
🎯 What does this mean for investors?
- A low EV/FCF means that enterprise value is low relative to current free cash flow. The reasons should always be considered in the context of the company and its industry.
- A high EV/FCF means that enterprise value is high relative to current free cash flow. This can, for example, reflect high growth expectations or temporarily weak cash generation.
- When SBC is positive and adjusted free cash flow remains positive, EV/FCF ex SBC is generally higher than the standard EV/FCF.
- The metric is particularly useful for companies with relatively stable and predictable cash flows.
- If free cash flow is negative or very low, EV/FCF has limited usefulness and should not be interpreted like a standard valuation multiple.
📘 Price-to-Book Ratio (P/B)
📈 What is it?
The P/B ratio compares a company’s market value to its book value — showing how much investors are paying for each dollar of net assets.
🧮 How is it calculated?
🏛️ Why is it important?
P/B is commonly used for asset-heavy industries like banks or industrials. It helps assess whether a stock is trading above or below its net asset value.
🧮 Calculation
🎯 What does this mean for investors?
- A P/B below 1 may signal undervaluation — or weak profitability.
- A P/B above 1 implies the market expects future value creation (e.g., brand, IP, growth).
- Best used for companies with tangible assets and strong balance sheets.
📘 Dividend per Share (DPS)
📈 What is it?
Dividend per Share shows how much cash a company pays out to shareholders for each share they own – usually on an annual or quarterly basis.
🧮 How is it calculated?
🏛️ Why is it important?
DPS is the absolute value of the payout per share – crucial for income-focused investors and dividend strategies.
🧮 Calculation
🎯 What does this mean for investors?
- A stable or growing DPS often signals a strong, shareholder-friendly business.
- DPS alone doesn’t tell you how attractive the payout is – the stock price also matters (→ see Dividend Yield).
- Long-term dividend growth is often a hallmark of high-quality companies – like the dividend aristocrats.
📘 Dividend Yield
📈 What is it?
Dividend yield shows how large a company’s dividend is in relation to its current share price.
🧮 How is it calculated?
🏛️ Why is it important?
It allows investors to compare dividend payouts across stocks, regardless of price or payout size.
🧮 Calculation
🎯 What does this mean for investors?
- A stable yield can reflect reliable distributions.
- Comparing 1Y and 5Y yield shows whether dividend growth keeps pace with stock price appreciation.
- A low yield isn’t always negative – it can signal strong past performance or growth focus.
📘 Dividend Growth
📈 What is it?
Dividend growth shows how much a company has increased its dividend per share over time.
🧮 How is it calculated?
5Y: Compound Annual Growth Rate (CAGR)
🏛️ Why is it important?
Consistently rising dividends are often a sign of financial strength and shareholder orientation – especially relevant for long-term investors.
🧮 Calculation
🎯 What does this mean for investors?
- Stable dividend growth is a sign of sustainable earning power.
- High dividend growth can significantly boost your total return:
- If a company pays $1 in dividends and increases it by 15% annually over 5 years, you’ll receive $2 per share in year 5 – twice as much as at the start!
📘 Payout Ratio
📈 What is it?
The payout ratio shows what percentage of a company’s earnings (per share) is distributed to shareholders as dividends.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess whether the dividend is sustainable – especially in relation to the company’s profitability.
🧮 Calculation
🎯 What does this mean for investors?
- A low payout ratio means the company retains more earnings for reinvestment – typical for growth companies.
- A moderate payout (e.g. 25–50%) indicates a healthy balance between returns and reinvestment.
- High payout ratios may seem attractive but can carry risk if earnings decline.
📘 Consecutive Dividend Increases
📈 What is it?
This metric shows how many consecutive years a company has raised its dividend per share – without any cuts or pauses.
🧮 How is it calculated?
(Special dividends are not considered.)
🏛️ Why is it important?
A long track record of increases reflects financial strength, consistency, and shareholder commitment.
🎯 What does this mean for investors?
- A long dividend increase streak builds confidence – especially in volatile markets.
- Such companies are seen as reliable and income-friendly investments.
- The longer the streak, the stronger the company’s dividend discipline.
📘 Revenue
📈 What is it?
Revenue shows how much a company earns in total from selling its products and services – the gross income before any costs are deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Revenue is one of the key figures to assess a company’s size, market position, and growth potential.
🧮 Calculation
🎯 What does this mean for investors?
- Growing revenue indicates rising demand and can be an early signal of future earnings growth.
- Comparing actual and expected revenue reveals trends in the market environment and analyst sentiment.
- Note: Strong revenue alone isn’t enough – margins and profitability matter just as much.
📘 EBITDA
📈 What is it?
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It reflects a company’s operating profit before the effects of financing, taxes, and accounting depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
EBITDA is widely used to evaluate a company’s operating performance – especially across capital-intensive sectors or international comparisons.
🎯 What does this mean for investors?
- A high or growing EBITDA indicates strong operational profitability – independent of taxes, interest, or accounting methods.
- It’s especially useful for comparing companies across sectors or geographies.
- Important: EBITDA is not a net income figure – it excludes key costs like depreciation and interest.
📘 EBIT
📈 What is it?
EBIT stands for “Earnings Before Interest and Taxes.” It reflects a company’s operating profit after depreciation, but before interest and tax expenses.
🧮 How is it calculated?
🏛️ Why is it important?
EBIT is a core profitability metric that shows how well the company performs in its main business operations – independent of capital structure and tax environment.
🎯 What does this mean for investors?
- A high EBIT indicates strong profitability from the company’s core business – before financial and tax effects.
- It allows better comparison between companies with different debt levels or tax structures.
- Compared to EBITDA, EBIT already accounts for depreciation and reflects capital intensity more clearly.
📘 Net Income
📈 What is it?
Net income is the company’s total profit – the amount left after all expenses, taxes, interest, and depreciation have been deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Net income is the most comprehensive measure of a company’s profitability – showing how much actual profit remains after all business and financing costs.
🎯 What does this mean for investors?
- Growing net income indicates that the company is managing all of its costs efficiently.
- It directly influences valuation metrics like P/E ratio and the company’s dividend capacity.
- Over time, net income trends reveal how resilient and profitable the business model really is.
📘 Free Cash Flow (FCF) | ex SBC
📈 What is it?
Free cash flow shows how much cash remains after a company has covered its operating and capital expenditures. FCF ex SBC additionally deducts stock-based compensation (SBC) to adjust the cash flow for the effect of non-cash SBC.
🧮 How is it calculated?
Free Cash Flow ex SBC = Operating Cash Flow − SBC − Capital Expenditures (CAPEX)
🏛️ Why is it important?
FCF reflects a company’s actual financial strength – independent of reported accounting earnings. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction. FCF ex SBC also deducts stock-based compensation and shows how much cash generation remains after SBC.
🧮 Calculation
🎯 What does this mean for investors?
- High free cash flow indicates that a company has strong financial strength – independent of reported earnings.
- It is often a solid basis for sustainable dividends and share buybacks.
- Declining FCF can be a warning sign, even if reported earnings remain stable.
📘 Revenue Growth
📈 What is it?
Revenue growth shows how much a company’s sales have changed compared to the previous year – both on a trailing basis (TTM) and based on forward projections.
🧮 How is it calculated?
Forward = (Expected revenue ÷ Revenue in prior year − 1) × 100
Forward growth is based on analyst estimates for the current fiscal year.
🏛️ Why is it important?
Rising revenue signals growing demand, business expansion, and market share gains – especially important for growth-oriented companies.
🧮 Calculation
🎯 What does this mean for investors?
- Growth is the engine of long-term value creation – especially in tech and growth sectors.
- What matters is not just current growth, but its sustainability.
- Forward projections reflect whether analysts expect continued momentum – or a slowdown.
📘 EBITDA Growth
📈 What is it?
EBITDA growth shows how much a company’s operating profit (before interest, taxes, depreciation, and amortization) has increased or decreased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBITDA ÷ EBITDA from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
Growing EBITDA indicates improving operational profitability – regardless of financing or accounting effects.
🎯 What does this mean for investors?
- Strong EBITDA growth signals operational efficiency and scalability – especially during growth phases.
- EBITDA growth can be an early indicator of margin and earnings expansion – but should be assessed alongside revenue and EBIT.
📘 EBIT Growth
📈 What is it?
EBIT growth shows how much a company’s operating profit (after depreciation, but before interest and taxes) has increased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBIT ÷ EBIT from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
EBIT growth is a direct indicator of a company’s business performance – taking into account capital intensity through depreciation.
🎯 What does this mean for investors?
- Rising EBIT signals improving operating profitability – even after accounting for depreciation.
- It’s especially important for evaluating companies with significant capital expenditures.
- Combined with revenue and EBITDA growth, EBIT growth provides a well-rounded view of operational progress.
📘 Net Income Growth
📈 What is it?
Net income growth shows how much a company’s bottom-line profit has increased or decreased compared to the previous year – both on a trailing basis (TTM) and based on analyst projections.
🧮 How is it calculated?
Forward = (Expected net income ÷ Net income from prior year − 1) × 100
The forward estimate reflects analysts’ expectations for the current fiscal year.
🏛️ Why is it important?
Net income is the ultimate measure of profitability. Growing net income signals stronger efficiency, cost control, and sustainable earnings power.
🎯 What does this mean for investors?
- Stronger net income boosts valuation, dividend potential, and investor confidence.
- If profits stall while revenue grows, it may signal margin pressure.
📘 Free Cash Flow Growth
📈 What is it?
Free cash flow (FCF) growth shows how a company’s available cash – after covering operating expenses and capital expenditures – has changed compared to the previous year.
🧮 How is it calculated?
🏛️ Why is it important?
Free cash flow reflects real financial strength. Growing FCF indicates more flexibility for dividends, share buybacks, and reinvestment.
🧮 Calculation
🎯 What does this mean for investors?
- Declining FCF may point to rising investments, increasing costs, or weaker operating performance.
- Especially for dividend investors, FCF growth is critical – since dividends are paid from actual available cash.
- A negative trend isn't always bad, but it deserves closer attention.
📘 Gross Margin
📈 What is it?
Gross margin shows how much of a company’s revenue remains after deducting the direct costs of goods sold (like materials and production). It represents the company’s “raw profit” before fixed costs, taxes, and interest.
🧮 How is it calculated?
Or simply: Gross Margin = Gross Profit ÷ Revenue × 100
🏛️ Why is it important?
Gross margin indicates how efficiently a company can produce or procure what it sells. It is a key measure of product-level profitability and pricing power.
🎯 What does this mean for investors?
- A high gross margin suggests strong pricing power and efficient production.
- Falling margins may signal rising input costs or competitive pressure.
- Compared to peers, gross margin offers insights into the quality of a business model.
📘 EBITDA Margin
📈 What is it?
The EBITDA margin shows how much of a company’s revenue remains as operating profit before interest, taxes, depreciation, and amortization.It reflects operating efficiency without being distorted by financing or accounting factors.
🧮 How is it calculated?
🏛️ Why is it important?
The EBITDA margin reveals how much operating income a company generates per dollar of revenue – independent of capital structure and tax effects.
🎯 What does this mean for investors?
- A high EBITDA margin reflects strong core profitability – before accounting distortions.
- It allows for effective comparisons across companies and sectors.
- A stable or growing margin signals efficient cost control and business scalability.
📘 EBIT Margin
📈 What is it?
The EBIT margin shows what percentage of revenue remains as operating profit after depreciation but before interest and taxes.
🧮 How is it calculated?
🏛️ Why is it important?
The EBIT margin reflects a company’s core profitability while accounting for capital intensity (e.g. machinery, infrastructure). It’s especially useful for comparing businesses with different levels of depreciation.
🎯 What does this mean for investors?
- A high EBIT margin shows that the company remains efficient even after factoring in depreciation.
- It’s especially relevant for capital-intensive industries.
- Stable or rising EBIT margins over time are a strong indicator of pricing power and business quality.
📘 Net Margin
📈 What is it?
Net margin shows how much of a company’s revenue remains as bottom-line profit after deducting all costs, interest, taxes, and depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
Net margin reflects a company’s overall efficiency – across operations, financing, and taxation. It shows how much actual profit is generated from each dollar of revenue.
🎯 What does this mean for investors?
- A high net margin means the company is not only strong operationally but also manages financing and taxes efficiently.
- Peer comparisons reveal business quality and competitiveness.
- Declining margins despite revenue growth can be a red flag for rising costs or inefficiencies.
📘 Free Cash Flow Margin | ex SBC
📈 What is it?
The Free Cash Flow Margin shows how much free cash flow a company generates relative to its revenue. In simplified terms, free cash flow is calculated as operating cash flow minus capital expenditures. The Free Cash Flow Margin ex SBC additionally accounts for stock-based compensation (SBC). While SBC does not represent a direct cash outflow, issuing shares as compensation can dilute existing shareholders. Therefore, SBC is deducted from free cash flow in this adjusted metric.
🧮 How is it calculated?
Free Cash Flow Margin ex SBC = (Free Cash Flow − SBC) ÷ Revenue × 100
🏛️ Why is it important?
The Free Cash Flow Margin shows how efficiently a company converts its revenue into free cash flow. Strong free cash flow can provide financial flexibility for dividends, share buybacks, debt repayment, or further investments. The ex SBC version additionally accounts for the economic impact of stock-based compensation and therefore provides a more conservative view of cash generation from a shareholder perspective.
🎯 What does this mean for investors?
- A high Free Cash Flow Margin shows that a company converts a high proportion of its revenue into free cash flow.
- This can provide greater financial flexibility for dividends, share buybacks, debt repayment, or investments.
- The Free Cash Flow Margin ex SBC additionally accounts for potential shareholder dilution from stock-based compensation.
- The long-term trend is particularly important. Declining margins can, for example, result from higher investments, changes in working capital, or weaker operating performance.
📘 Equity Ratio
📈 What is it?
The equity ratio indicates what portion of a company’s total assets is financed by shareholders’ equity – in other words, how much it relies on its own capital.
🧮 How is it calculated?
🏛️ Why is it important?
A high equity ratio reflects financial strength and stability, especially during downturns. It’s a key indicator of a company’s solvency and long-term risk profile.
🧮 Calculation
🎯 What does this mean for investors?
- Companies with high equity ratios are generally more resilient and less dependent on external debt.
- Low equity ratios can signal higher risk or aggressive financial strategies.
- Important: Always assess the equity ratio in combination with the return on equity (ROE). This shows not just how stable the company is – but also how efficiently it uses shareholder capital.
📘 Return on Equity (ROE)
📈 What is it?
Return on equity (ROE) shows how efficiently a company uses its shareholders’ equity to generate profit. In other words: how much net income is earned per dollar of equity.
🧮 How is it calculated?
🏛️ Why is it important?
ROE is a core profitability metric. It helps investors understand whether a company delivers attractive returns on the capital provided by its shareholders.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROE indicates that the company is using its capital efficiently and profitably.
- It’s especially meaningful for capital-intensive businesses or firms with high equity bases.
- Important: A very high ROE can also result from high debt levels – always interpret it alongside the equity ratio to assess financial health.
📘 Return on Capital Employed (ROCE)
📈 What is it?
ROCE measures how efficiently a company generates profits from its total capital – including both equity and interest-bearing debt.
🧮 How is it calculated?
It evaluates the return on all capital employed, regardless of how it’s financed.
🏛️ Why is it important?
ROCE is ideal for comparing companies with different financing structures. It shows how well management uses capital to create value for both shareholders and creditors.
🎯 What does this mean for investors?
- A high ROCE means the company uses its capital efficiently – regardless of whether it's funded by debt or equity.
- The higher the ROCE compared to peers, the more value the company creates with its invested capital.
- Especially relevant for capital-intensive sectors like industrials, energy, or infrastructure.
📘 Return on Invested Capital (ROIC)
📈 What is it?
ROIC measures how efficiently a company generates returns from the capital invested in its core operations – regardless of whether the capital comes from equity or debt.
🧮 How is it calculated?
- NOPAT = Net Operating Profit After Taxes
- Invested Capital = Operating assets minus non-interest-bearing liabilities
🏛️ Why is it important?
ROIC is one of the most accurate indicators of capital efficiency. Unlike return on equity, it is not distorted by leverage and shows how much value is created for all capital providers.
🎯 What does this mean for investors?
- A high ROIC shows how effectively a company uses the capital that is truly invested in its core operations.
- Unlike ROCE, ROIC focuses only on the capital that is actively used to run the business – and that requires a return (i.e. interest-bearing).
- Especially useful when comparing companies with large amounts of excess cash or non-interest-bearing liabilities – giving a more realistic picture of capital efficiency.
📘 Leverage Ratio (Debt-to-Equity)
📈 What is it?
The leverage ratio indicates how much a company relies on interest-bearing debt (such as loans and bonds) relative to its shareholders’ equity.
🧮 How is it calculated?
🏛️ Why is it important?
This ratio helps assess a company’s financial structure and risk profile. High leverage can enhance returns – but also increases exposure to interest rate changes and financial stress.
🧮 Calculation
🎯 What does this mean for investors?
- A low leverage ratio signals financial strength and independence.
- A higher ratio can improve returns in good times but increases risk during downturns or rising interest rate periods.
- 👉 Always interpret in the context of industry, capital intensity, and interest rate environment.
📘 Earnings per share (EPS)
📈 What is it?
Earnings per Share (EPS) shows how much profit is attributable to a single share – and is one of the most important metrics for evaluating a company's performance.
🧮 How is it calculated?
The diluted share count reflects potential new shares that could be issued through options, convertible bonds, or other rights.
🏛️ Why is it important?
EPS is the basis for many key valuation metrics like P/E ratio, PEG ratio, or payout ratio. It enables comparisons of profitability across companies, regardless of their size.
🎯 What does this mean for investors?
- EPS captures per-share profitability and is especially useful for comparisons over time or with analyst estimates.
- Rising EPS may signal consistent growth or share buybacks.
- Important: Always use diluted EPS for more realistic valuations – especially in companies with stock-based compensation.
📘 Free cash flow per share (FCF per share)
📈 What is it?
Free Cash Flow per Share shows how much free cash flow a company generates per outstanding share – after investments, but before dividends or debt repayments.
🧮 How is it calculated?
Free cash flow is calculated as operating cash flow minus capital expenditures (CapEx).
🏛️ Why is it important?
FCF per Share reveals how much real cash is available per share – useful for dividends, buybacks, or reducing debt. Unlike net income, free cash flow is harder to manipulate and often seen as a more reliable metric.
🧮 Calculation
🎯 What does this mean for investors?
- High FCF per share signals strong financial flexibility.
- It shows how much capital the company can effectively reinvest or return to shareholders.
- Particularly relevant for dividend payers and capital-efficient businesses.
📘 Short interest
📈 What is it?
Short interest indicates how many shares of a company are currently sold short – that is, borrowed and sold by investors who expect the price to decline.
🧮 How is it calculated?
It reflects the percentage of a company’s shares that are being shorted relative to the total shares available.
🏛️ Why is it important?
Short interest serves as a sentiment indicator: A high value may signal skepticism or bearish expectations – but also increases the potential for a short squeeze if prices rise unexpectedly.
🎯 What does this mean for investors?
- Low short interest usually indicates market confidence in the company.
- High short interest can be a warning sign – or an opportunity if sentiment shifts.
- Especially relevant in volatile markets or ahead of key earnings releases.
📘 Employees
📈 What is it?
The employee count shows how many people a company employs worldwide – offering insights into its size, structure, and business model.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess operational scale, labor intensity, and cost structure. Combined with revenue and profit, it enables key metrics like revenue per employee or productivity.
🧮 Calculation
🎯 What does this mean for investors?
- A high headcount can signal operational complexity – but also significant growth capacity.
- Revenue per employee is a key indicator of efficiency.
- Especially useful for comparing tech, industrial, or service-heavy companies.
📘 Revenue per employee
📈 What is it?
Revenue per employee indicates how much revenue a company generates on average per employee – a key measure of efficiency and productivity.
🧮 How is it calculated?
The employee count is typically taken from the most recent annual report.
🏛️ Why is it important?
This metric helps compare business models – especially between labor-intensive and technology-driven companies. A high value suggests automation, operational efficiency, or strong value creation per head.
🧮 Calculation
🎯 What does this mean for investors?
- A high revenue per employee indicates a scalable and margin-strong business model.
- A low figure may reflect labor-intensive operations or lower value-add.
- Especially helpful when comparing tech companies to industrial or service sectors.
Paratus Energyrvices Stock Analysis
Analyst Opinions
11 Analysts have issued a Paratus Energyrvices forecast:
Analyst Opinions
11 Analysts have issued a Paratus Energyrvices forecast:
Paratus Energyrvices Events
Past Events
|
AUG
28
Q2 2026 Earnings Call
about one month ago
|
StocksGuide Free
Paratus Energyrvices — Q2 2026 Earnings Call
1. Management Discussion
Welcome to the Paratus Energy Q2 2026 Earnings Call. [Operator Instructions]
I will now hand over to your host.
Thank you, Elma. Good day, everyone, and welcome to this second quarter and half year 2026 results presentation for Paratus Energy Services Limited. My name is Baton Haxhimehmedi, and I'm the Interim CEO and CFO of Paratus.
Before we begin today's presentation, I would like to remind all participants that some of the statements on this call may involve forward-looking statements. Forward-looking information involves risks and uncertainties by nature that may cause actual results to differ materially from those projected in such statements. I therefore refer you to our latest public filings.
The second quarter of '26 and the period since have been eventful for Paratus. On July 29, we successfully completed the strategic sale of Fontis' drilling operations and jack-up fleet for a total consideration of $400 million. At completion, Paratus received approximately $163 million in cash and $237 million of seller credit with a term of 2.5 years, structured with interest rate step-up from 10% up to 14% separately, we received $20 million as reimbursement of interim funding we provided to support Fontis operations between signing of the SPA and completion of the transaction. For information, Paratus cash following completion increased to over $300 million. We are currently evaluating the available turns for the use of proceeds and will provide further update once a decision has been made by the company.
As announced earlier, during the quarter, we also completed a replacement of -- the placement of $250 million of a 5-year senior secured bonds with a coupon rate of 8.125% and fully redeemed the 2026 notes during the quarter in June. As I will return to later, at Seagems, the team achieved an important milestone related to our fleet life extension strategy. Seagems has received approval to extend the drydocking regime to up to 20 years for its 550 tons PLSVs, removing 1 SPS or driving over each vessel's life. From this, we expect lower lifetime CapEx and higher earnings potential as the vessels stay on higher [indiscernible] periods when they would otherwise have been in dry docking.
Turning to the operational and financial performance for the quarter at high level, the PLSV fleet recorded technical utilization, 93%, which was down from approximately 98% in the last quarter. This was due to some downtime driven by maintenance and operational incidents involving Esmeralda and Jade PSLVs. The related work on this has been completed and the financial impact has reflected -- was reflected in our previously announced guidance, which we provided in relation to the -- in connect for the Q1 release.
We reported Q2 revenues of $71 million and adjusted EBITDA of $42 million compared with $75 million and $46 million, respectively -- sorry, in Q1. We closed Q2 quarter with $148 million in combined segment cash, while net debt was $282 million pro forma for the Fontis transaction. Finally, the Board has declared a dividend of per share for Q2 in line with every quarterly dividends since our IPO in 2024. Including the dividend that we announced today, we will have returned approximately $350 million to shareholders since we started the cash distribution and buybacks 2 years ago.
Now let's move over to the quarterly performance of the joint venture, the Seagems. As usual, please note that the figures referred to here are on a 100% basis unless otherwise stated, I mean. Seagems delivered another quarter of solid financial performance. Revenue was $142 million and EBITDA was $87 million, representing an EBITDA margin of 64%. The quarter-over-quarter decline in earnings mainly reflects the maintenance activities and operational incidents as mentioned earlier in the introduction.
Compared with Q2 last year, we see a revenue growth of about 14% from $125 million last year to $142 million this quarter. This was mainly driven by higher day rates under the new Petrobras contracts and fewer off-hire days compared to the same quarter last year when the PLSV underwent acceptance testing with the new -- in connection with the new contracts.
During Q2, the JV distributed $60 million to its shareholders, of which half of it is to come to Paratus compared with $83 million [ loans ] in Q1. At quarter end, backlog stood at approximately $1.1 billion compared to approximately $1.3 billion at the end of Q1. CapEx was about $6 million during the quarter and $12 million during the half year '26. As already publicly available early in '26, Petrobras launched a PLSV tender, which includes 5 lots with different technical specifications and 4-year contract durations. Seagems submitted bids for the Jade and a third-party vessel to which Seagems has secured exclusive access to in the event of a contract reward. Negotiations are ongoing, and we will provide an update when there is something concrete to report to the market.
As mentioned in introduction, the JV achieved an important milestone related to [ life fleet ] lifetime extension strategy. Seagems secured approval for the extended dry docking program for up to 20 years for 5 of its 6 PLSVs. Consequently, each of these 5 vessels is expected to have 1 less dry docking during the lifetime than what would have been required normally, reducing future capital expenditures and subject to the vessels being contracted for the relevant period in the projection period, allowing for higher revenue generation during the time the vessels otherwise would have been drydocked.
As has been discussed in the past and for practical illustration, such a dry docking can typically involve approximately $10 million in CapEx per vessel and about 30 to 40 days, during which that vessel -- per vessel, during which that vessel will be unavailable for revenue regeneration. Seagems continues to seek similar approval for the Esmeralda law under the Brazillian [indiscernible] as well.
Now let's go through the half -- first half year of '26 financial results compared to the same period last year. Paratus reported net income from continuing operations after tax of $28 million during the first half year '26 compared to $3 million same period in 2025. Key drivers were as follows. Revenues were $146 million, up 23% compared to last year, mainly driven by higher day rates under the new Petrobras contracts and fewer off-hire days as the prior year period included acceptance testing in connection with the new Petrobras contracts.
EBITDA was $87 million, up from $69 million on back of higher revenues, partly offset by higher operating costs as 2025 reflected reimbursement of an insurance claim for Esmeralda and other changes in accounting provisions. Financial items and other expenses were $35 million compared with $47 million in the same period last year. The reduction mainly reflects the absence of the upfront fee related to the Fontis monetization agreement, which was signed and done in Q1 2025, and the [indiscernible] related losses reported last year. We reported it based on equity method.
Free cash flow in first half year '26 was $35 million compared with a negative $1 million last year, same period, supported by materially stronger cash flow from Seagems. So overall, the first half year '26 showed a significant improvement in financial performance compared with the same period last year, mainly driven by stronger operations and higher day rates.
Now let's take a look at the main cash flows here during the quarter. At Paratus, we closed the quarter with a cash balance of $122 million compared to $130 million at the end of Q1. The main cash flow movements during the quarter were cash flow used in continuing operations of about $3 million compared to $4 million in Q1. We received a cash distribution from Seagems of $30 million compared to $41 million in Q1, and we paid net interest paid -- net interest of about $26 million compared with $4 million in Q1. This comprised the quarterly interest payment on the '26 notes and the semiannual interest payment on the '29 bonds. The net cash inflow of $47 million from new bond issuance, as I mentioned before, after redemption of '26 notes net of any fees, and a $3 million in financing fees related to the Fontis sale.
And finally, consistent with the prior quarters, we paid $36 million in dividends to our shareholders. After these movements, as I explained here, we ended the quarter with $122 million in Paratus. At closing of the Fontis transaction in July, we received $183 million in cash received from the buyers. As you can see here, pro forma for the Fontis sale, total cash was $305 million. If including the pro rata share of the Seagems cash, combined segment cash on a pro forma basis would have been approximately $331 million. So overall, Paratus continues to have a strong liquidity position, supported by stable distribution from Seagems and the completion from the -- after the Fontis transaction of the quarter end.
Next, please. Now to our capital structure and the impact of the Fontis transaction. As you can see here, at the end of Q2, the reported net debt was $661 million, which is before the completion of the Fontis transaction. However, pro forma for the Fontis sale, net debt was reduced to [ $250 million, ] which reflects a $400 million transaction concentration. As a result, pro forma leverage was reduced from 2.7x to around 1.6x EBITDA. As mentioned earlier, at transaction completion, we received $163 million in cash and $237 million of 2.5 years seller credit. A seller credit bears interest at 10% during the first 12 months, 12% during months 13 to 18, and 14% thereafter. Separately, not reflecting the pro forma capitalization graph here, we received another $20 million as reimbursement of interim funding provided for Fontis operations.
As disclosed before, under our bond agreements, the Fontis proceeds may either be used to repay debt, meaning the '29 bonds or held in escrow for up to 12 months, while the company evaluates potential reinvestment opportunities. We are currently evaluating and will provide a further update once the decision has been made to this.
And with that, I think we can open up for the Q&A. Thank you.
[Operator Instructions]
There's a question around the Petrobras tender, not a surprise, of course. Whether we can talk more about jade since it is expected -- since it will roll off the contract in September or in August '27. Is Paratus expecting an extension? Let's take that first.
Yes. I mean our current expectation is that an extension with Petrobras is the most likely solution or what will happen, potentially bringing the existing contract through January '28, when the mobilization date is based on the tender. But again, more broadly, the fleets, I mean, historical technical uptime has of approximately 90% -- 98% demonstrates our ability to operate the vessels effectively and to deploy them on work both with and outside Petrobras.
The other question is about earnings potential on the third-party vessel.
What I can say in general now is that discussions are ongoing, negotiations are ongoing with Petrobras. However, this remains an active commercial process, as you may appreciate. And due to its sensitivity, commercially sensitive, we are not in a position to comment any earnings potential yet or any economics or expected outcome out of this before we actually get to any concrete stage with an award or not.
Since the start of date of the current PLSV tender is in '28, are you expecting to see another Petrobras tender for the other 5 PLSVs?
Yes, I mean, the remainder of the fleet -- of the other fleet of the other pillars, this rolls off contract from mid '28. One of them rolls off in September '28, Onix. Based on -- what I can say is based on historical practice, Petrobras typically tenders 1 to 2 years ahead of the required start date. So we, therefore, expect another potentially larger tender addressing those 2028 requirements hopefully and possibly during 2027.
If you look at these [indiscernible] secured contracts in every major contractor cycle since 2011. Of course, pricing and contractor terms can vary between cycles, but fleet utilization has been -- historically remained strong, and we -- yes, as we have said before, we continue to see -- to view the market -- PLSV market outlook is promising.
Yes, how we're thinking about the use of proceeds from the Fontis transaction as we are reporting in our Q1 report. And as I just talked about under our bond agreements, the proceeds may either be used to repay debt or it can be held in escrow for up to 12 months, while we -- while the company evaluates [indiscernible] investment opportunity. So it provided kind of -- it provides a good optionality. But as I said in the call here, in the report, we are currently evaluating our available options and we'll provide a further update once the decision has been made by the company.
How much do you expect in dividends from Seagems '26? We provided our financial guidance in Q1 for revenue, EBITDA and CapEx. We haven't really guided on the distributions from Seagems. However, one -- I think what I can say is one should expect not much different from last year.
Yes. I've seen this question before. What is your expectation, day rates from the Petrobras tender?
I cannot really discuss that it is an ongoing negotiation with Petrobras. I will not discuss it in this conference call.
There's a question about the operating incidents involving Esmeralda and Jade that we have reported in our quarterly report, impact and so on in more details.
I don't think there's more to say than what we have disclosed in the report. Esmeralda incidents involved in LTI, which required a short stop of operations while completing like, I mean, needed procedures. While the Jade experienced an equipment -- well, needed some equipment repair. Safety is very strict and its first priority and for the smallest incidents, operations are paused or shut until they are resolved in alignment, of course, with Petrobras.
In addition, as we have also said in the report as per the contracts, we have also had -- we have some maintenance cap, and we have some scheduled maintenance that we have performed during the quarter. So I would say the EBITDA is more like you should expect higher, more closer to the financial guidance. So we have reiterated the financial guidance anyway.
So there is the impact of these 2 incidents. The utilization was already factored into our Q1 communicated financial guidance.
Yes, there's not so many questions. I mean there's another question about Jade and how it will be kept on work until into the potential new contract and if there's other reasons in Brazil. I mean, what I can say is that it's we're very comfortable that -- and also history shows that we have always been able to find -- to deploy these PLSVs, If you look at since 2011, we our average utilization has been about 98% during those years. So yes. I mean our ability to operate the vessels effectively and to deploy them on work has been very efficient, both wats and outside of Petrobras if needed, but our -- the base case is that, that will be extended by Petrobras until mobilization for the potential new contract.
One is the negotiation around for the standard expected of [indiscernible] we get completed with Petrobras. I hope to report to something in the near future. But as we are -- yes, as discussions are and negotiations are ongoing, again, this is an active commercial process. And it's sensitive. I'm not in a position to comment on any specific negotiations or timing, as you asked or potential outcomes at this stage. But we will report to the market whenever we have any concrete to report.
I think with that, there are no further questions. With that, I will wrap up today's call. Thank you all for joining. Thank you for the questions, and thank you for your continued interest in Paratus. We look forward to speaking with you again in Q3. Thank you.
Paratus Energyrvices — Q2 2026 Earnings Call
Paratus Energyrvices — Q2 2026 Earnings Call
Strong H1 cash flow and a $400M strategic sale cut leverage and boosted liquidity while Petrobras tender uncertainty remains the key catalyst.
📊 Quarter at a Glance
- Revenue: $71M in Q2 (down from $75M in Q1)
- Adj. EBITDA: $42M in Q2 (down from $46M in Q1); EBITDA = earnings before interest, taxes, depreciation and amortization
- Utilization: Technical fleet utilization 93% (vs ~98% last quarter; downtime from Esmeralda and Jade maintenance/incidents)
- Net debt: Reported $661M at Q2 end; pro forma for Fontis sale ~ $250M (leverage ~1.6x EBITDA vs 2.7x pre-sale)
- Cash: Paratus cash $122M at quarter end; pro forma cash from Fontis completion $305M ($331M combined with JV Seagems)
🎯 What Management Says
- Fontis sale: Completed sale for $400M consideration — $163M cash, $237M seller credit (2.5‑yr term, interest stepping 10%→12%→14%), plus $20M reimbursement; evaluating use of proceeds
- Fleet life extension: Seagems secured extended drydocking approval (up to 20 years) for five PLSVs, reducing one major drydock per vessel and lowering lifetime CapEx (~$10M per typical drydock) and lost revenue days
- Commercial focus: Management is actively bidding in Petrobras PLSV tender, expects likely contract extensions for vessels rolling off in 2027–28 but declined to disclose pricing or economics
🔭 Outlook & Guidance
- Guidance stance: Company reiterated prior financial guidance and says Q2 incidents were already factored into Q1‑communicated outlook
- Capital allocation: Fontis proceeds may repay 2029 bonds or be held in escrow up to 12 months while reinvestment options are evaluated; Board declared the regular quarterly dividend
- Key risks: Petrobras tender outcome uncertain, seller credit interest steps up over time (adds financing cost), and contract renewals drive future revenue visibility
❓ Analyst Q&A
- Petrobras tender: Management expects extensions are likely (possible roll‑through to Jan 2028) and anticipates further tenders for 2028 roll‑offs during 2027, but timing/pricing remain commercially sensitive
- Use of proceeds: Options are repay debt or hold in escrow while evaluating reinvestment; no decision yet
- Operations & payouts: Seagems distributions expected roughly in line with last year; management declined to disclose day‑rate expectations and said Esmeralda/Jade incidents were disclosed and covered in guidance
⚡ Bottom Line
- Investor takeaway: Balance sheet materially strengthened and dividend policy intact after the Fontis sale, improving financial flexibility; near‑term upside depends on Petrobras tender outcomes and continued strong Seagems cash generation, while rising seller‑credit interest and contract timing are the main risks.
Financial data from Paratus Energyrvices
Revenue
Revenue is the sum of all sales generated by a company, e.g. for its products or services.
Revenue (TTM) metric explainedDirect Costs
Direct costs are the costs incurred directly in connection with the manufacture of the product or service.
Gross Profit
Gross Profit indicates how much of the revenue remains in the company after deducting direct production costs. If the percentage share of sales is calculated, this is referred to as the gross margin.
Gross Profit metric explainedSelling and Administrative Expenses
Selling, general and administrative expenses (SG&A) include all expenses for marketing and sales as well as the general administration of the company.
Research and Development Expense
Research and development costs (R&D) provide information on how much the company invests in the research and development of its products. The costs are particularly interesting as a percentage of revenue and in comparison to direct competitors.
EBITDA
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the company's earnings before interest, taxes, depreciation and amortization. The EBITDA margin is calculated as a percentage of sales.
Depreciation and Amortization
Depreciation represents reductions in the value of the company's assets (e.g. due to wear and tear on machinery).
EBIT (Operating Income)
EBIT (Earnings Before Interest and Taxes) is the company's profit before interest and taxes, also known as the operating income. The EBIT Margin is calculated as a percentage of sales at
.
Net Profit
Net Profit represents the profit or loss after deduction of all costs.
Net Profit metric explainedStocksGuide Premium
| Dec '25 |
+/-
%
|
||
| Revenue | 1,474 1,474 |
8%
8%
100%
|
|
| - Direct Costs | - - |
-
-
|
|
| Gross Profit | - - |
-
-
|
|
| - Selling and Administrative Expenses | 91 91 |
43%
43%
6%
|
|
| - Research and Development Expense | - - |
-
-
|
|
| EBITDA | 615 615 |
20%
20%
42%
|
|
| - Depreciation and Amortization | 221 221 |
74%
74%
15%
|
|
| EBIT (Operating Income) EBIT | 393 393 |
38%
38%
27%
|
|
| Net Profit | 719 719 |
245%
245%
49%
|
|
In millions NOK.
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Paratus Energyrvices Stock News
Company Profile
Paratus Energy Services Ltd. is a holding company, which engages in the provision of energy services through its subsidiaries. Its segments include Fontis Energy, Seagems, and Archer. Fontis Energy is a premier provider of drilling services, with a fleet of five high-specification jack-up rigs ack-up rigs - Defender, Courageous, Intrepid, Oberon, and Titania FE operating under contract in Mexico. Seagems is a subsea services company, operating a fleet of six multipurpose pipe-laying support vessels - Diamante, Topazio, Esmeralda, Onix, Jade and Rubi with capabilities for subsea engineering, installation, and other services, under contract in Brazil. Archer is a global oil services company which operates approximately in 40 locations providing drilling services, well integrity and intervention, plug and abandonment and decommissioning to its upstream oil and gas clients. The company provides geothermal drilling for electricity, district heating, and carbon storage services.
StocksGuide Premium
| Head office | Bermuda |
| CEO | Mr. Jensen |
| Employees | 435 |
| Website | www.paratus-energy.com |


