Independence Contract Drilling (Independence Contract Drilling) EV-to-EBITDA

: 4.52 (As of Today)

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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Independence Contract Drilling's enterprise value is $180.2 Mil. Independence Contract Drilling's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $39.8 Mil. Therefore, Independence Contract Drilling's EV-to-EBITDA for today is 4.52.

The historical rank and industry rank for Independence Contract Drilling's EV-to-EBITDA or its related term are showing as below:

ICD' s EV-to-EBITDA Range Over the Past 10 Years
Min: -282.31 Med: 3.04 Max: 56.68
Current: 4.52

During the past 12 years, the highest EV-to-EBITDA of Independence Contract Drilling was 56.68. The lowest was -282.31. And the median was 3.04.

ICD's EV-to-EBITDA is ranked better than
63.44% of 785 companies
in the Oil & Gas industry
Industry Median: 6.04 vs ICD: 4.52

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2024-04-19), Independence Contract Drilling's stock price is $1.91. Independence Contract Drilling's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.689. Therefore, Independence Contract Drilling's PE Ratio for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio.

Independence Contract Drilling EV-to-EBITDA Historical Data

The historical data trend for Independence Contract Drilling's EV-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Independence Contract Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBITDA

-186.09

-3.98

29.25

-123.85

4.68

Independence Contract Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBITDA																-123.85	3.26	3.13	3.16	4.68

Competitive Comparison

For the Oil & Gas Drilling subindustry, Independence Contract Drilling's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independence Contract Drilling EV-to-EBITDA Distribution

For the Oil & Gas industry and Energy sector, Independence Contract Drilling's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Independence Contract Drilling's EV-to-EBITDA falls into.

Independence Contract Drilling EV-to-EBITDA Calculation

Independence Contract Drilling's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA (TTM)
	=	180.151	/	39.826
	=	4.52

Independence Contract Drilling's current Enterprise Value is $180.2 Mil.
Independence Contract Drilling's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $39.8 Mil.

Independence Contract Drilling (NYSE:ICD) EV-to-EBITDA Explanation

Independence Contract Drilling's PE Ratio for today is calculated as:

PE Ratio	=	Share Price (Today)	/	Earnings per Share (Diluted) (TTM)
	=	1.91	/	-2.689
	=	At Loss

Independence Contract Drilling's share price for today is $1.91.
Independence Contract Drilling's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.689.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio.

Please read Which price ratio outperforms the enterprise multiple?

Independence Contract Drilling EV-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Independence Contract Drilling's EV-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Independence Contract Drilling (Independence Contract Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independence Contract Drilling Inc (NYSE:ICD) » Definitions » EV-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

20475 State Highway 249, Suite 300, Houston, TX, USA, 77070

Website

https://www.icdrilling.com

Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly traded and privately held oil and gas companies.

Executives

Brian Berman	director	20475 STATE HIGHWAY 249, SUITE 300, HOUSTON TX 77070
Msd Capital L P	10 percent owner	1 VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017-5407
Msd Credit Opportunity Master Fund, L.p.	director, 10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Msd Pcof Partners Lxxiii, Llc	director, 10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Msd Private Credit Opportunity (non-eci) Fund, Llc	director, 10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Michael S Dell	10 percent owner	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Msd Energy Investments, L.p.	10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Msd Partners, L.p.	director, 10 percent owner	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
William Monroe	10 percent owner	C/O HIGIER ALLEN & LAUTIN, P.C., 2711 N. HASKELL AVE., SUITE 2400, DALLAS TX 75204
James Minmier	director	777 N.W. 63RD ST., OKLAHOMA CITY OK 73116
Daniel F Mcnease	director	2800 POST OAK BLVD, STE 5450, HOUSTON TX 77056-6127
Barrett Robert J. Iv	director	20475 STATE HIGHWAY 249, SUITE 300, HOUSTON TX 77070
Vincent J Cebula	director	1301 AVENUE OF THE AMERICAS, 34 TH FLOOR, NEW YORK NY 10019
Christopher Gleysteen	director	ONE VANDERBILT AVENUE, 26TH FLOOR, NEW YORK NY 10017
Scott A. Keller	officer: SVP - SALES AND MARKETING	20475 SH 249, SUITE 300, HOUSTON TX 77070