ProPetro Holding Corp. (PUMP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-558.2%

-$33.34

vs $7.28 price

Levered DCF

$10.42

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.42

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	1,203.8×	-7.07×	11.03×	540.1×	-15.28×	-6.97×	6.94×	5.92×
P/B	1.19×	1.19×	0.95×	1.15×	1.01×	0.86×	1.17×	1.29×
P/S	0.78×	0.67×	0.58×	0.86×	0.95×	0.94×	0.55×	0.6×
EV / EBITDA	6×	17.49×	3.52×	7.6×	10.98×	31.98×	3.05×	3.02×
Gross margin	9.9%	11.6%	19.5%	21.0%	9.0%	6.5%	21.3%	20.3%
Operating margin	1.5%	-11.6%	8.0%	-0.2%	-7.9%	-16.6%	10.8%	13.6%
Net margin	0.1%	-9.5%	5.3%	0.2%	-6.2%	-13.6%	7.9%	10.2%
Current ratio	1.29×	1.31×	1.15×	1.16×	1.44×	1.61×	1.61×	0.99×
Debt / equity	0.3×	0.21×	0.15×	0.03×	0×	0×	0.14×	0.09×
Interest coverage	2.25×	-21.36×	24.56×	-1.61×	-111.88×	-55.07×	31×	33.77×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.1%	-16.9%	8.6%	0.2%	-6.6%	-12.3%	16.8%	21.8%
Return on invested capital	0.2%	-12.8%	7.8%	-0.1%	-6.1%	-11.0%	14.0%	19.5%
Return on assets	0.1%	-11.3%	5.8%	0.2%	-5.1%	-10.2%	11.4%	13.6%
Free cash flow yield	4.3%	11.5%	0.4%	-1.8%	1.3%	5.2%	-4.2%	10.6%
Earnings yield	0.1%	-14.2%	9.0%	0.2%	-6.5%	-14.4%	14.4%	16.9%
Enterprise value	$1.1B	$1.1B	$1.1B	$1B	$720.1M	$677.2M	$1.1B	$965.5M
Net debt / EBITDA	0.82×	1.99×	0.38×	-0.41×	-1.7×	-3.21×	-0.04×	-0.2×
Cash conversion cycle (days)	25	28	13	-21	-15	1	-5	-12