Markets

How Does the Fundamental Picture Look for Keane Group, Inc. (FRAC)?

Keane Group, Inc. (NYSE:FRAC) is an interesting stock at present. Now trading with a market value of 1.89B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock.

Keane Group, Inc. (NYSE:FRAC) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FRAC, the company currently has 71.73 million of cash on the books, which is offset by 3.97 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 1.01 billion in total assets, balanced by 544.27 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

Keane Group, Inc. (FRAC) saw -13.71 million in free cash flow last quarter, representing a quarterly net change in cash of -3.82 million. Perhaps most importantly where cash movements are concerned, the company saw about 42.7 million in net operating cash flow.



Keane Group, Inc. (NYSE:FRAC) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 477.3 million in total revenues. That represents a quarterly year/year change in revenues of 0.00 in sequential terms, the FRAC saw sales decline by 0.48.

But what about the bottom line? After all, that’s what really matters in the end. Keane Group, Inc. (FRAC) is intriguing when broken down to its core data. The cost of selling goods last quarter was 435.39 million, yielding a gross basic income of 41.91 million. For shareholders, given the total diluted outstanding shares of 111.76 million, this means overall earnings per share of 0.04. Note, this compares with a consensus analyst forecast of 0.27 in earnings per share for its next fiscal quarterly report.




Is Keane Group, Inc. (NYSE:FRAC) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 1.28 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 13.69. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Keane Group, Inc..

 

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