NCS Multistage(US:NCSM)2024-10-31 20:04Financial Performance & Valuation - As of October 29, 2024, the share price was $17.50, leading to an equity value of $45.3 million [7] - The company's enterprise value is $56.7 million, calculated with total debt of $8.6 million, non-controlling interest of $18.1 million, and less cash of $15.3 million [7] - Trailing 12-month Adjusted EBITDA less share-based compensation is $13.6 million, and trailing 12-month Free Cash Flow is $7.4 million [7] - Total Debt/Total Book Capitalization is 7.0%, and Net Working Capital is $64.1 million [7] - Q3 2024 total revenue reached $44.0 million, a 15% increase compared to Q3 2023 [22] - The company anticipates full year 2024 total revenue between $155.5 - $159.5 million, an 11% year-over-year increase at the midpoint, with Adjusted EBITDA between $18.0 - $20.5 million, a 49% year-over-year increase at the midpoint [23] Revenue Profile - International revenue accounts for 9% of the total [27] - Revenue from the U.S. contributes 27%, while Canada accounts for 64% [27] - Product revenue makes up 70% of the total, with services contributing the remaining 30% [27] Market Position & Strategy - The company has expanded its addressable market, with revenue increasing from $98 million in 2016 to $142 million in 2023 [17]