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ChampionX Corp CHX

Morningstar Rating
$31.50 −0.39 (1.22%)
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Company Report

ChampionX: Profitability and Shareholder Distributions Remain Top of Mind in 2024

ChampionX is a diversified oilfield services firm providing specialty chemicals solutions and artificial lift services for oil and gas development and production. It also manufactures polycrystalline diamond cutter, or PDC, inserts for drilling and mining rigs. About two thirds of ChampionX’s overall business involves specialty chemicals, and the firm is one of the largest specialty chemicals providers in the oilfield services space: ChampionX and Baker Hughes together control roughly half of the global market.

Price vs Fair Value

CHX is trading within a range we consider fairly valued.
Price
$31.49
Fair Value
$48.00
Uncertainty
High
1-Star Price
$65.10
5-Star Price
$84.50
Economic Moat
Bwf
Capital Allocation
Rdwpnsvl

Bulls Say, Bears Say

Bulls

Increased focus on production optimization will drive demand for specialty chemicals and artificial lift services, ChampionX’s two core competencies.

Bears

Rampant product commoditization throughout the oilfield services industry will prevent ChampionX from developing and maintaining a competitive advantage.

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News

Trading Information

Previous Close Price
$31.89
Day Range
$31.4132.18
52-Week Range
$23.6638.37
Bid/Ask
$31.50 / $32.19
Market Cap
$6.02 Bil
Volume/Avg
1.1 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
18.52
Price/Sales
1.67
Dividend Yield (Trailing)
1.08%
Dividend Yield (Forward)
1.21%
Total Yield
5.69%

Company Profile

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well life cycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Small Core
Total Number of Employees
7,100

Competitors

Valuation

Metric
CHX
HAL
SLB
Price/Earnings (Normalized)
18.5211.2016.53
Price/Book Value
3.593.333.49
Price/Sales
1.671.382.15
Price/Cash Flow
10.658.0010.41
Price/Earnings
CHX
HAL
SLB

Financial Strength

Metric
CHX
HAL
SLB
Quick Ratio
1.051.270.88
Current Ratio
1.822.061.32
Interest Coverage
8.776.6811.30
Quick Ratio
CHX
HAL
SLB

Profitability

Metric
CHX
HAL
SLB
Return on Assets (Normalized)
10.80%11.77%9.54%
Return on Equity (Normalized)
21.06%32.42%22.91%
Return on Invested Capital (Normalized)
16.86%18.20%14.48%
Return on Assets
CHX
HAL
SLB
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Oil & Gas Equipment & Services Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
SLB
Schlumberger LtdSbjdnj$70.8 Bil
HAL
Halliburton CoRxyqcf$31.3 Bil
BKR
Baker Hughes Co Class AKzwr$29.5 Bil
TS
Tenaris SA ADRJnbkh$20.7 Bil
FTI
TechnipFMC PLCKmyk$9.4 Bil
WFRD
Weatherford International PLC Ordinary Shares - NewDpg$7.6 Bil
NOV
NOV IncGswx$6.6 Bil
LBRT
Liberty Energy Inc Class AQqcbq$3.6 Bil
XPRO
Expro Group Holdings NVWsk$2.0 Bil

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