Using the industry peer median P/E Multiples multiple (trailing + forward), NCS Multistage Holdings, Inc. (NCSM) has a fair value of $300.56 based on 4 comparable companies in the Oil & Gas Equipment & Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| NCS Multistage Holdings, Inc.NCSM | 111 | 4.7x | — |
| Smart Sand, Inc. | 211 | 163.3x | — |
| Imperial Petroleum Inc. | 173 | 3.9x | 1.9x |
| Dynagas LNG Partners LP | 140 | 2.3x | 3.6x |
| Leishen Energy Holding Co., Ltd. | 84 | 65.6x | — |
| Industry Median | 34.8x | 2.7x | |
| (*) Profit after tax | 24 | ||
| Equity Value | 825 | ||
| (/) Outstanding shares | 3 | ||
| Fair Price | $301 | ||
Using the industry peer median EV/EBITDA multiple (trailing + forward), NCS Multistage Holdings, Inc. (NCSM) has a fair value of $37.68 based on 8 comparable companies in the Oil & Gas Equipment & Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| NCS Multistage Holdings, Inc.NCSM | 111 | 4.9x | 6.2x |
| Gran Tierra Energy Inc. | 323 | 3.6x | 3.4x |
| Imperial Petroleum Inc. | 173 | 2.6x | 2.3x |
| Dynagas LNG Partners LP | 140 | 3.5x | 3.5x |
| Epsilon Energy Ltd. | 134 | 6.3x | 8.8x |
| Drilling Tools International Corp. | 106 | 4.4x | 4.6x |
| Martin Midstream Partners L.P. | 102 | 6.4x | 6.3x |
| Leishen Energy Holding Co., Ltd. | 84 | 58.5x | — |
| Stabilis Solutions, Inc. | 77 | 16.3x | 15.7x |
| Industry Median | 5.4x | 4.6x | |
| (*) EBITDA | 18 | 14 | |
| = Enterprise Value | 95 | 64 | |
| (-) Net Debt | -24 | -24 | |
| Equity Value | 119 | 88 | |
| (/) Outstanding shares | 3 | 3 | |
| Fair Price | $43 | $32 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), NCS Multistage Holdings, Inc. (NCSM) has a fair value of $83.83 based on 10 comparable companies in the Oil & Gas Equipment & Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| NCS Multistage Holdings, Inc.NCSM | 111 | 0.5x | 0.6x |
| Gran Tierra Energy Inc. | 323 | 1.6x | 1.5x |
| Smart Sand, Inc. | 211 | 0.7x | 0.9x |
| Imperial Petroleum Inc. | 173 | 1.0x | 0.9x |
| Dynagas LNG Partners LP | 140 | 2.4x | 2.4x |
| Epsilon Energy Ltd. | 134 | 3.4x | 4.7x |
| Drilling Tools International Corp. | 106 | 1.0x | 1.0x |
| Martin Midstream Partners L.P. | 102 | 0.9x | 0.9x |
| Empire Petroleum Corporation | 98 | 3.3x | — |
| Leishen Energy Holding Co., Ltd. | 84 | 1.6x | — |
| Stabilis Solutions, Inc. | 77 | 1.2x | 1.1x |
| Industry Median | 1.4x | 1.1x | |
| (*) Revenue | 185 | 147 | |
| = Enterprise Value | 255 | 158 | |
| (-) Net Debt | -24 | -24 | |
| Equity Value | 279 | 182 | |
| (/) Outstanding shares | 3 | 3 | |
| Fair Price | $101 | $66 | |
Using the PEG framework with historical EPS growth of 25.0%, the company has a fair value of $216.25 based on TTM EPS (FY2025) of $8.65. The current PEG ratio is 0.02.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateHistorical | 239.2% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| TTM EPS (FY2025) | $8.65 |
| Fair Value | $216.25 |
No analyst estimates available.
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-4.7M | $-1.98 | — |
| FY2022 | $-1.1M | $-0.45 | — |
| FY2023 | $-3.2M | $-1.27 | — |
| FY2024 | $6.6M | $2.55 | — |
| FY2025 | $23.7M | $8.65 | +239.2% |
4Y Historical EPS CAGR: 239.2%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.