National Energy Services Reunited (NESR) DCF: History & Chart

National Energy Services Reunited Corp.(NESR)

Oil & Gas Equipment & Services · Houston, TX

$24.84+0.76 (+3.16%)

Delayed quote: Oct 6, 2026, 2:05 PM EDT

About National Energy Services Reunited Corp.

National Energy Services Reunited Corp. (NESR), established in 2017 with its headquarters in Houston, Texas, offers an extensive range of oilfield services to energy companies operating across the Middle East, North Africa, and Asia Pacific regions. The company's operations are divided into two main segments: Production Services, and Drilling and Evaluation Services. The Production Services division delivers a variety of solutions aimed at maximizing well output and maintaining essential infrastructure. These encompass hydraulic fracturing and stimulation services designed to boost production, along with numerous coiled tubing applications such as nitrogen lifting, fishing, milling, and wellbore clean-outs. It also provides both primary and remedial cementing services, nitrogen applications, and filtration services, including the supply of frac tanks and pumping units. Furthermore, this segment offers comprehensive pipeline services, covering activities like water filling, hydro testing, nitrogen purging, de-gassing, pressure testing, and critical cutting, welding, and cooling of piping and vessel systems. Additional offerings include production assurance chemicals, laboratory analysis, artificial lift systems, and specialized equipment such as surface and subsurface safety systems, high-pressure packer systems, and flow controls. NESR also supplies service tools, advanced expandable liner technology, vacuum insulated tubing technology, and boasts in-house engineering capabilities with integrated manufacturing and testing facilities. A significant part of its service portfolio also involves water management, including the sourcing, treatment, and disposal of water for oil and gas, municipal, and industrial uses. The Drilling and Evaluation Services segment focuses on the initial stages of oil and gas exploration and well construction, as well as ongoing diagnostics. It supplies various drilling and workover rigs, associated rig services, and specialized solutions for fishing operations and well remediation. This segment also provides advanced directional and turbine drilling services, sophisticated drilling fluid systems, and related technologies. For subsurface analysis and intervention, NESR performs wireline logging and slickline services—the latter being vital for tasks such like removing scale, wax, and sand build-up, setting plugs, exchanging gas lift valves, and other well applications. The segment also conducts well testing to assess the production of solids, gas, oil, and water from a well, and offers rental services for drilling tools. Complementary services include thru-tubing intervention solutions, tubular running services, and the provision of essential wellhead products, flow control apparatus, and frac equipment.

Houston, TX

7,352 employees

www.nesr.com

Energy / Oil & Gas Equipment & Services

Sector: Energy
Industry: Oil & Gas Equipment & Services
CEO: Sherif Foda

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National Energy Services Reunited Corp. (NESR) DCF Valuation

Price is INSIDE the estimated range

$24.08

$49.08

Model scenario range

$24.84

Today's price

TGM's two-stage DCF values National Energy Services Reunited Corp. (NESR) between $24.08 and $49.08 depending on assumptions, with a base case of $33.70. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.

What would today's price require?

Growth the price assumes+5.8%/yr

Actual FCF growth, last 5 years+12.2%/yr

$24.84 is justified only if free cash flow grows about +5.8% a year (fading to 2.5% long-run) at a 7.5% required return — slower than the company has actually grown.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	9.6%/yr	8.5%	$24.08
Base case	12.6%/yr	7.5%	$33.70
Optimistic	15.6%/yr	6.5%	$49.08
Third-party model estimate (FMP)	independent reference · retrieved Oct 6, 2026 · assumptions not provided		$73.34

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$24.84

Market-Implied Growth

+5.8%/yr

vs +12.2% 5Y actual

Model Scenario Range

$24.08 – $49.08

model output — not a price target

NESR DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for NESR (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate12.6%/yr

Historical FCF CAGR: 5Y 12.2%

Discount Rate (WACC)7.5%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $114.8M · 0.10B shares · net debt $206.7M

Estimated Fair Value

$33.70

+35.7% vs $24.84

Current price$24.84

Third-party model estimate (FMP)$73.34

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $24.84; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
5.5%	$44.72	$50.69	$58.65	$69.79	$86.49
6.5%	$34.99	$38.57	$43.05	$48.80	$56.45
7.5%	$28.52	$30.88	$33.70	$37.15	$41.46
8.5%	$23.91	$25.56	$27.48	$29.75	$32.47
9.5%	$20.47	$21.68	$23.06	$24.64	$26.50