Last 7 days
2.0%
Last 30 days
-7.5%
Last 90 days
21.2%
Trailing 12 Months
33.8%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 3.7B | 0 | 0 | 0 |
2023 | 3.9B | 3.9B | 3.8B | 3.8B |
2022 | 3.3B | 3.4B | 3.6B | 3.8B |
2021 | 2.3B | 2.8B | 3.0B | 3.1B |
2020 | 1.1B | 1.1B | 1.4B | 1.9B |
2019 | 1.2B | 1.2B | 1.2B | 1.1B |
2018 | 1.1B | 1.1B | 1.2B | 1.2B |
2017 | 785.4M | 873.1M | 946.4M | 1.0B |
2016 | 995.3M | 914.0M | 832.7M | 751.3M |
2015 | 0 | 0 | 0 | 1.1B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 28, 2024 | o'dell william jr. | sold | -978,408 | 36.00 | -27,178 | see remarks |
Feb 20, 2024 | galloway robert k | sold (taxes) | -82,744 | 29.85 | -2,772 | pres., drilling technologies |
Feb 20, 2024 | wright julia | sold (taxes) | -141,489 | 29.85 | -4,740 | senior vp, gc & secretary |
Feb 20, 2024 | o'dell william jr. | sold (taxes) | -103,788 | 29.85 | -3,477 | see remarks |
Feb 20, 2024 | raza syed | sold (taxes) | -72,804 | 29.85 | -2,439 | svp & chief digital officer |
Feb 20, 2024 | somasundaram sivasankaran | sold (taxes) | -865,948 | 29.85 | -29,010 | president & ceo |
Feb 20, 2024 | mahoney paul e | sold (taxes) | -125,280 | 29.85 | -4,197 | see remarks |
Feb 20, 2024 | bryant deric d. | sold (taxes) | -270,471 | 29.85 | -9,061 | see remarks |
Feb 20, 2024 | fisher kenneth m. | sold (taxes) | -299,067 | 29.85 | -10,019 | evp & cfo |
Feb 20, 2024 | zweig jordan | sold (taxes) | -74,386 | 29.85 | -2,492 | svp & chief hr officer |
Which funds bought or sold CHX recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 10, 2024 | BlackRock Inc. | reduced | -1.62 | 144,978,000 | 839,224,000 | 0.02% |
May 10, 2024 | CIBC Private Wealth Group, LLC | reduced | -8.43 | 88,277 | 892,399 | -% |
May 10, 2024 | Y-Intercept (Hong Kong) Ltd | sold off | -100 | -833,624 | - | -% |
May 10, 2024 | Covestor Ltd | added | 5.19 | 3,000 | 11,000 | 0.01% |
May 10, 2024 | CITIGROUP INC | reduced | -3.17 | 246,799 | 1,547,430 | -% |
May 10, 2024 | PRINCIPAL SECURITIES, INC. | added | 141 | 178,825 | 269,785 | 0.01% |
May 10, 2024 | Campbell & CO Investment Adviser LLC | reduced | -48.00 | -336,195 | 595,020 | 0.05% |
May 10, 2024 | DIMENSIONAL FUND ADVISORS LP | added | 9.66 | 34,833,800 | 135,138,000 | 0.04% |
May 10, 2024 | MACKENZIE FINANCIAL CORP | unchanged | - | 86,065 | 462,407 | -% |
May 10, 2024 | JPMORGAN CHASE & CO | reduced | -4.63 | 6,330,900 | 43,169,000 | -% |
Unveiling ChampionX Corporation's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to ChampionX Corporation)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
SLB | 69.6B | - | 16.06 | 18.33 | ||||
HAL | 33.1B | 23.1B | 12.74 | 1.43 | ||||
MID-CAP | ||||||||
FTI | 11.4B | 8.1B | 53.48 | 1.4 | ||||
NOV | 7.4B | 8.8B | 7.52 | 0.85 | ||||
CHX | 6.6B | 3.7B | 18 | 1.76 | ||||
LBRT | 3.7B | 4.6B | 7.88 | 0.82 | ||||
AROC | 3.1B | 1.0B | 24.03 | 3.01 | ||||
SMALL-CAP | ||||||||
DNOW | 1.5B | 2.3B | 6.22 | 0.64 | ||||
CLB | 681.3M | - | 28.73 | 1.36 | ||||
DRQ | 662.2M | 443.5M | -30.53 | 1.49 | ||||
CCLP | 344.8M | 386.1M | -36.38 | 0.89 | ||||
BOOM | 270.4M | 701.7M | 10.56 | 0.39 |
ChampionX Corporation News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -2.3% | 922 | 944 | 940 | 927 | 948 | 986 | 1,022 | 933 | 866 | 822 | 819 | 749 | 685 | 706 | 634 | 299 | 261 | 248 | 277 | 306 | 300 |
Cost Of Revenue | -5.8% | 623 | 661 | 648 | 644 | 665 | 703 | 825 | 721 | 658 | 617 | 623 | 569 | 523 | - | - | - | - | - | - | - | - |
Gross Profit | 6.0% | 299 | 282 | 292 | 282 | 283 | 283 | 197 | 212 | 208 | 205 | 196 | 180 | 162 | 166 | 128 | 32.00 | 82.00 | 73.00 | 93.00 | 109 | 103 |
S&GA Expenses | 17.0% | 172 | 147 | 162 | 162 | 161 | 147 | 154 | 141 | 150 | 139 | 135 | 152 | 143 | 133 | 122 | 131 | 78.00 | 75.00 | 68.00 | 67.00 | 64.00 |
EBITDA Margin | 8.9% | 0.18* | 0.16* | 0.15* | 0.13* | 0.11* | 0.10* | 0.10* | 0.11* | 0.12* | 0.11* | 0.12* | 0.09* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -0.9% | -13.93 | -13.81 | -13.74 | -14.54 | -12.47 | -11.62 | -11.45 | -10.76 | -11.36 | -11.04 | -12.85 | -14.06 | -13.97 | -15.49 | -15.93 | -11.26 | -9.04 | -9.07 | -9.59 | -10.11 | -10.53 |
Income Taxes | -25.6% | 27.00 | 36.00 | 29.00 | 12.00 | 29.00 | 21.00 | 14.00 | -1.40 | 6.00 | 6.00 | 26.00 | 4.00 | 3.00 | 12.00 | -3.96 | -0.95 | -27.01 | -9.05 | 3.00 | 6.00 | 6.00 |
Earnings Before Taxes | 22.7% | 140 | 114 | 110 | 108 | 92.00 | 87.00 | 37.00 | 27.00 | 45.00 | 50.00 | 85.00 | 11.00 | 7.00 | 19.00 | -11.29 | -110 | -660 | -10.62 | 15.00 | 29.00 | 26.00 |
EBT Margin | 12.1% | 0.13* | 0.11* | 0.10* | 0.08* | 0.06* | 0.05* | 0.04* | 0.06* | 0.06* | 0.05* | 0.04* | 0.01* | - | - | - | - | - | - | - | - | - |
Net Income | 47.1% | 113 | 77.00 | 78.00 | 97.00 | 64.00 | 66.00 | 23.00 | 29.00 | 38.00 | 44.00 | 57.00 | 8.00 | 4.00 | 7.00 | -7.91 | -109 | -633 | -1.82 | 11.00 | 23.00 | 20.00 |
Net Income Margin | 16.5% | 0.10* | 0.08* | 0.08* | 0.06* | 0.05* | 0.04* | 0.04* | 0.05* | 0.05* | 0.04* | 0.03* | 0.00* | - | - | - | - | - | - | - | - | - |
Free Cashflow | 2.9% | 142 | 138 | 109 | 85.00 | 66.00 | 167 | 166 | 51.00 | -73.72 | 71.00 | 67.00 | 41.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 2.5% | 3,323 | 3,242 | 3,311 | 3,330 | 3,327 | 3,387 | 3,403 | 3,463 | 3,572 | 3,535 | 3,503 | 3,486 | 3,476 | 3,476 | 3,454 | 3,521 | 1,245 | 1,923 | 1,972 | 1,975 | 1,989 |
Current Assets | 3.6% | 1,476 | 1,425 | 1,486 | 1,485 | 1,468 | 1,499 | 1,477 | 1,470 | 1,535 | 1,461 | 1,418 | 1,350 | 1,301 | 1,266 | 1,233 | 1,259 | 505 | 493 | 531 | 530 | 538 |
Cash Equivalents | 33.8% | 386 | 289 | 285 | 263 | 248 | 250 | 191 | 171 | 181 | 255 | 257 | 239 | 260 | 201 | 171 | 142 | 54.00 | 35.00 | 41.00 | 24.00 | 28.00 |
Inventory | 4.2% | 543 | 522 | 589 | 599 | 592 | 543 | 571 | 607 | 626 | 543 | 497 | 468 | 435 | 430 | 471 | 528 | 207 | 211 | 220 | 234 | 233 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | 781 | 819 | 833 | 855 | 868 | 945 | 235 | 248 | 249 | 251 | 245 |
Goodwill | 1.6% | 680 | 669 | 666 | 669 | 667 | 679 | 708 | 724 | 6.00 | 703 | 701 | 14.00 | 686 | 681 | 660 | 644 | 292 | 911 | 911 | - | - |
Liabilities | 3.0% | 1,628 | 1,581 | 1,605 | 1,618 | 1,657 | 1,710 | 1,708 | 1,670 | 1,794 | 1,780 | 1,791 | 1,827 | 1,847 | 1,863 | 1,868 | 1,936 | 853 | 887 | 930 | 944 | 983 |
Current Liabilities | 3.1% | 807 | 783 | 794 | 814 | 841 | 859 | 797 | 753 | 832 | 802 | 757 | 687 | 632 | 623 | 574 | 558 | 199 | 200 | 206 | 201 | 212 |
Long Term Debt | -0.1% | 594 | 594 | 595 | 595 | 596 | 622 | 644 | 694 | 691 | 698 | 744 | 839 | 899 | 906 | 990 | 1,072 | - | 555 | 589 | 613 | 638 |
LT Debt, Current | 0% | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 31.00 | 32.00 | - | - | - | - | - |
LT Debt, Non Current | -0.1% | 594 | 594 | 595 | 595 | 596 | 622 | 644 | 694 | 691 | 698 | 744 | 839 | 899 | 906 | 990 | 1,072 | - | 555 | 589 | 613 | 638 |
Shareholder's Equity | 2.0% | 1,710 | 1,677 | 1,721 | 1,712 | 1,670 | 1,677 | 1,695 | 1,793 | 1,778 | 1,754 | 1,712 | 1,659 | 1,629 | 1,613 | 1,586 | 1,585 | 392 | 1,036 | 1,036 | 1,024 | 999 |
Retained Earnings | 14.0% | -391 | -455 | -442 | -457 | -506 | -527 | -530 | -503 | -503 | -525 | -568 | -625 | -632 | -638 | -645 | -637 | -528 | 107 | 110 | 100 | 76.00 |
Additional Paid-In Capital | -1.1% | 2,144 | 2,167 | 2,205 | 2,221 | 2,238 | 2,250 | 2,276 | 2,316 | 2,319 | 2,315 | 2,315 | 2,310 | 2,302 | 2,293 | 2,289 | 2,283 | 971 | 969 | 971 | 969 | 967 |
Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | 558 | 542 | 505 | 494 | 495 | 464 | 432 | 427 | 420 | 414 | - |
Shares Outstanding | -0.5% | 190 | 191 | 195 | 196 | 198 | 199 | 201 | 203 | 203 | 202 | 201 | 201 | - | - | - | - | - | - | - | - | - |
Minority Interest | 1.9% | -15.29 | -15.59 | -15.35 | -17.71 | -18.54 | -17.33 | -15.97 | -15.47 | -14.66 | -16.34 | -15.24 | -15.36 | -15.66 | -13.40 | -13.52 | -14.10 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 |
Float | - | - | - | - | 6,059 | - | - | - | 4,012 | - | - | - | 5,163 | - | - | - | 1,948 | - | - | - | 2,575 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | 2.7% | 173,508 | 168,953 | 163,030 | 115,910 | 92,378 | 195,093 | 187,152 | 74,240 | -43,125 | 88,419 | 88,662 | 60,924 | 90,214 | 120,608 | 111,399 | 48,811 | 29,222 | 32,509 | 64,089 | 39,391 | 19,910 |
Share Based Compensation | 1.4% | 6,173 | 6,085 | 6,089 | 6,341 | 5,234 | 5,281 | 5,009 | 5,071 | 4,728 | 5,265 | 5,557 | 5,914 | 6,442 | 5,818 | 5,856 | 5,433 | 2,429 | 2,705 | 2,524 | 2,736 | 2,285 |
Cashflow From Investing | 63.0% | -10,794 | -29,142 | -48,469 | -27,143 | -23,025 | -26,463 | -19,719 | -20,743 | -21,064 | -29,251 | 35,038 | -18,531 | -24,667 | -12,584 | -4,618 | 46,078 | -6,746 | -6,547 | -20,922 | -15,164 | -7,243 |
Cashflow From Financing | 53.1% | -64,093 | -136,617 | -91,307 | -74,134 | -71,107 | -109,604 | -140,838 | -64,565 | -9,798 | -60,632 | -103,972 | -63,807 | -5,936 | -81,921 | -83,475 | -6,826 | -3,144 | -31,454 | -26,460 | -28,255 | -26,234 |
Dividend Payments | -2.5% | 16,247 | 16,671 | 16,718 | 16,580 | 15,011 | 15,114 | 15,015 | 15,465 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Buy Backs | -58.1% | 49,399 | 117,845 | 68,113 | 51,190 | 40,428 | 80,052 | 80,074 | 20,016 | - | - | - | - | - | - | - | - | - | - | - | - | - |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Revenue: | ||
Lease and other revenue | $ 27,135 | $ 22,079 |
Total revenue | 922,141 | 948,347 |
Cost of goods and services | 622,937 | 664,992 |
Gross profit | 299,204 | 283,355 |
Costs and expenses: | ||
Selling, general and administrative expense | 172,414 | 160,816 |
Loss (gain) on disposal group and sale-leaseback transaction | (29,883) | 12,965 |
Interest expense, net | 13,935 | 12,466 |
Foreign currency transaction losses, net | 55 | 9,252 |
Other expense (income), net | 2,927 | (3,957) |
Income before income taxes | 139,756 | 91,813 |
Provision for income taxes | 26,596 | 28,669 |
Net income | 113,160 | 63,144 |
Net income (loss) attributable to noncontrolling interest | 237 | (388) |
Net income attributable to ChampionX | $ 112,923 | $ 63,532 |
Earnings per share attributable to ChampionX: | ||
Basic (in dollars per share) | $ 0.59 | $ 0.32 |
Diluted (in dollars per share) | $ 0.58 | $ 0.31 |
Weighted-average shares outstanding: | ||
Basic (in shares) | 190,803 | 198,286 |
Diluted (in shares) | 193,964 | 202,440 |
Product revenue | ||
Revenue: | ||
Revenue | $ 807,827 | $ 833,023 |
Service revenue | ||
Revenue: | ||
Revenue | $ 87,179 | $ 93,245 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 386,017 | $ 288,557 |
Receivables, net of allowances of $6,257 in 2024 and $5,734 in 2023 | 471,813 | 534,534 |
Inventories, net | 543,224 | 521,549 |
Assets held for sale | 15,418 | 15,565 |
Prepaid expenses and other current assets | 59,692 | 65,212 |
Total current assets | 1,476,164 | 1,425,417 |
Property, plant, and equipment, net of accumulated depreciation of $784,428 in 2024 and $781,367 in 2023 | 759,038 | 773,552 |
Goodwill | 679,704 | 669,064 |
Intangible assets, net | 240,459 | 243,553 |
Operating lease right-of-use assets | 103,957 | 69,561 |
Other non-current assets | 63,627 | 60,555 |
Total assets | 3,322,949 | 3,241,702 |
Current Liabilities: | ||
Current portion of long-term debt | 6,203 | 6,203 |
Accounts payable | 532,205 | 451,680 |
Accrued compensation and employee benefits | 58,389 | 109,626 |
Current portion of operating lease liabilities | 22,796 | 23,292 |
Accrued distributor fees | 36,658 | 56,443 |
Accrued expenses and other current liabilities | 150,942 | 135,505 |
Total current liabilities | 807,193 | 782,749 |
Long-term debt | 593,575 | 594,283 |
Deferred income taxes | 58,400 | 71,497 |
Operating lease liabilities | 76,997 | 41,975 |
Other long-term liabilities | 91,610 | 90,167 |
Total liabilities | 1,627,775 | 1,580,671 |
Stockholders’ equity: | ||
Common stock (2.5 billion shares authorized, $0.01 par value) 190.4 million shares and 191.3 million shares issued and outstanding in 2024 and 2023, respectively | 1,904 | 1,913 |
Capital in excess of par value of common stock | 2,143,883 | 2,166,911 |
Accumulated deficit | (391,813) | (455,676) |
Accumulated other comprehensive loss | (43,511) | (36,526) |
ChampionX stockholders’ equity | 1,710,463 | 1,676,622 |
Noncontrolling interest | (15,289) | (15,591) |
Total equity | 1,695,174 | 1,661,031 |
Total liabilities and equity | $ 3,322,949 | $ 3,241,702 |
Mr. Sivasankaran Somasundaram | |
championx.com | |
Oil - Services | |
7300 |