Morningstar

ChampionX Corp CHX

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Stock XNAS Rating as of
$30.30 +0.70 (2.36%)
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As of Delayed Price Closed

Company Report

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ChampionX's Cost Management Drives Profitability Amid Weaker End-Market Demand

Joshua Aguilar,

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 inserts for drilling and mining rigs. About two thirds of ChampionX’s overall business involves specialty chemicals. The firm is one of the largest specialty chemicals providers in oilfield services: ChampionX and Baker Hughes together control roughly half of the global market.

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Price vs Fair Value

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CHX is trading at a 493% premium.
Price
$30.30
Fair Value
$31.00
Uncertainty
High
1-Star Price
$78.50
5-Star Price
$29.10
Economic Moat
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Capital Allocation
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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

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Trading Information

Previous Close Price
$29.60
Day Range
$29.88–30.34
52-Week Range
$25.46–39.95
Bid/Ask
$23.56 / $36.25
Market Cap
$5.77 Bil
Volume/Avg
2.4 Mil / 1.6 Mil

Key Statistics

Price/Earnings (Normalized)
17.62
Price/Sales
1.61
Dividend Yield (Trailing)
1.19%
Dividend Yield (Forward)
1.25%
Total Yield
5.27%

Company Profile

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, 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
Website
https://www.championx.com

Competitors

Valuation

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Metric
CHX
HAL
SLB
Price/Earnings (Normalized)
 17.628.9213.05
Price/Book Value
 3.312.532.85
Price/Sales
 1.611.101.74
Price/Cash Flow
 10.326.188.32
Price/Earnings
CHX
HAL
SLB

Financial Strength

Metric
CHX
HAL
SLB
Quick Ratio
 1.151.341.02
Current Ratio
 1.992.131.49
Interest Coverage
 8.856.2511.85
Quick Ratio
CHX
HAL
SLB

Profitability

Metric
CHX
HAL
SLB
Return on Assets (Normalized)
 10.11%11.68%9.91%
Return on Equity (Normalized)
 19.43%30.65%23.36%
Return on Invested Capital (Normalized)
 15.73%17.91%14.78%
Return on Assets
CHX
HAL
SLB

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