- Weatherford's revenue and adjusted EBITDA margin expanded by 4% QoQ and 20 basis points QoQ, respectively in 4Q 2020.
- The improvement in Weatherford's cash flow and liquidity in FY 2020 helps to partially alleviate concerns about the company's relatively high gross debt-to-equity and net debt-to-equity ratios.
- Weatherford's FY 2021 revenue guidance is conservative, which is indicative of industry trends the company is observing.
- Weatherford trades at consensus forward FY 2021 and FY 2022 EV/EBITDA multiples of 7.8 times and 5.9 times, respectively.
For further details see:
Weatherford International: Positives Priced In