Head to Head Analysis: Innovex International (INVX) and Its Rivals

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

Volatility and Risk

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

Profitability

This table compares Innovex International and its competitors’ 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 competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Innovex International	$550.34 million	$600,000.00	9.37
Innovex International Competitors	$4.36 billion	-$154.22 million	11.35

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

Insider and Institutional Ownership

73.2% of shares of all “Oil & gas field machinery” companies are held by institutional investors. 3.1% of Innovex International shares are held by company insiders. Comparatively, 11.9% of shares of all “Oil & gas field machinery” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Innovex International and its competitors, 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	190	1393	1680	47	2.48

Innovex International currently has a consensus price target of $15.00, indicating a potential upside of 13.55%. As a group, “Oil & gas field machinery” companies have a potential upside of 31.29%. Given Innovex International’s competitors stronger consensus rating and higher possible upside, analysts clearly believe Innovex International has less favorable growth aspects than its competitors.

Summary

Innovex International competitors 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.