Obermatt

National Energy Services Reunited

NAQ:NESR · VGG6375R1073
Energy Equipment & ServicesMedium

360

82
EV / EBIT63
Price / Owner Earnings9
Owner Earnings Yield30
Dividend Yield43
Price/Sales60
EV / Gross Profit4
Price/Book41
Return on Capital35
Cash Return on Capital36
Return on Equity31
EBIT Margin45
Gross Profitability13
Cash Conversion82
Accruals60
Owner Earnings Margin38
Sales growth100
Profit Growth48
Long-Term EPS Growth100
Owner Earnings Growth21
Reinvestment84
Price momentum100
Debt load70
Refinancing49
Debt Payback29
Liquidity47
Analyst ratings87
Opinion Changes50
Price Target Upside71
Market mood38
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

National Energy Services Reunited clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryEnergy Equipment & Services
SizeMedium
TypePublic Company
ExchangeNASDAQCM
Founded2017
Employees2,840
Websitenesr.com
ISINVGG6375R1073
Last UpdateApr 2, 2026
Themes
Water PurificationIndustrial AutomationOil and Gas

Description

National Energy Services Reunited Corp. operates as an oilfield services provider in the Middle East and North Africa (MENA) region. The company's business consists primarily of upstream and midstream oilfield services, with oil and natural gas comp…

Analysis

Hope premium

National Energy Services Reunited Corp. carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 45.7× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 17% yearly growth; analysts expect 47%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 10/20 on our value-creation score: creating some value. Analysts lean positive.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
92
2023202420252026

All-time high

92

Jun 2026

All-time low

25

Jan 2024

Average rank

59

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
60
77
89
73
Price/Earnings
64
79
38
41
Price/Book
41
68
92
76
Dividend Yield
43
1
1
1
Value (overall)
54
61
65
35

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →