Analyzing Innovex International (INVX) & The Competition

Innovex International (NYSE:INVX) is one of 25 publicly-traded companies in the “Oil & gas field machinery” industry, but how does it weigh in compared to its rivals? We will compare Innovex International to similar companies based on the strength of its earnings, dividends, risk, valuation, analyst recommendations, profitability and institutional ownership.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Innovex International and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Innovex International	1	0	0	0	1.00
Innovex International Competitors	191	1395	1687	47	2.48

Innovex International currently has a consensus price target of $15.00, suggesting a potential upside of 19.62%. As a group, “Oil & gas field machinery” companies have a potential upside of 31.87%. Given Innovex International’s rivals stronger consensus rating and higher possible upside, analysts plainly believe Innovex International has less favorable growth aspects than its rivals.

Volatility and Risk

Innovex International has a beta of 0.88, suggesting that its stock price is 12% less volatile than the S&P 500. Comparatively, Innovex International’s rivals have a beta of 1.42, suggesting that their average stock price is 42% more volatile than the S&P 500.

Insider and Institutional Ownership

73.2% of shares of all “Oil & gas field machinery” companies are owned by institutional investors. 3.1% of Innovex International shares are owned by insiders. Comparatively, 11.9% of shares of all “Oil & gas field machinery” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Innovex International and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Innovex International	12.31%	-0.73%	-0.61%
Innovex International Competitors	2.62%	7.27%	4.56%

Earnings and Valuation

This table compares Innovex International and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Innovex International	$550.34 million	$600,000.00	8.89
Innovex International Competitors	$4.39 billion	-$154.22 million	12.46

Innovex International’s rivals have higher revenue, but lower earnings than Innovex International. Innovex International is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Innovex International rivals beat Innovex International on 11 of the 13 factors compared.

Innovex International Company Profile

Innovex Downhole Solutions Inc. designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc., formerly known as Dril-Quip, is based in HOUSTON.