SII: Smith International Inc. Stock Value Report | Intrinsic Value by MrStockQuickie.com

Smith International Inc. (SII)

Sector:	Basic Materials
Industry:	Oil & Gas Equipment & Services
Stock Type:	Hard Asset
Top Industry Grower:	WG

SII was last updated 14 days 18 hours. Use MrStockQuickie's Free Value Investor Tool to view this data in real time.

The Numbers
metric	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	TTM
Return on Capital	3.9%	5.7%	6.5%	11.0%	6.5%	7.7%	10.8%	14.6%	20.1%	21.2%	16.1%
Equity/Share	$3.28	$3.67	$4.07	$4.75	$5.32	$6.15	$6.83	$7.74	$9.84	$12.91	$22.00
Earnings/Share	$0.18	$0.29	$0.36	$0.76	$0.47	$0.62	$0.89	$1.48	$2.49	$3.20	$3.60
FCF/Share	$0.03	$0.06	$-0.18	$0.39	$1.13	$0.22	$0.34	$0.20	$-0.11	$1.66	$1.98
Sales/Share	$10.98	$9.22	$13.74	$17.76	$15.85	$17.88	$21.56	$27.35	$36.30	$43.60	$49.08
Gross Margin	29.7%	25.9%	27.0%	29.4%	29.0%	29.9%	30.6%	30.2%	32.0%	32.6%	32.5%

The Growth Rates

ROIC
10	5	3	1
11%	16%	19%	19%

BVPS
9	5	3	1
20%	25%	34%	53%

EPS
9	5	3	1
35%	44%	42%	20%

FCFPS
9	5	3	1
52%	22%	88%	134%

SPS
9	5	3	1
18%	22%	24%	16%

The Trends

long term trend
ROIC	BVPS	EPS	FCFPS	SPS
4%	5%	6%	5%	4%

growth acceleration trend
ROIC	BVPS	EPS	FCFPS	SPS
2%	11%	-5%	31%	-1%

Quick Financial Health

ebit/interest [on debt]
SII	EQUITY_INDUSTRY	market
22.40	32.90	58.10

cash/debt
1999	2000	2001	2002	2003	2004	2005	2006	2007	TTM
0.17	0.17	0.11	0.3	0.54	0.25	0.3	0.29	0.26	0.7

growth
9	5	3	1
17%	5%	32%	165%

equity/debt
1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	TTM
1.72	2.08	2.17	1.75	2.38	2.5	3.57	2.56	2.5	3.03	3.12

growth
10	5	3	1
6%	5%	7%	3%

assets/liabilities
1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	TTM
1.56	1.61	1.55	1.53	1.63	1.66	1.67	1.64	1.59	1.75	1.72

growth
10	5	3	1
1%	1%	2%	-2%

The Ratios

PEG
Entity	Current	Next Year (Current PE)	Next Year (Forward PE)	Five Year
SII	0.30	-0.66	-0.69	0.31
Industry	0.25	0.32	0.69	4.94
Market	0.38	0.74	0.70	1.07

Valuations
Entity	Price/Earnings	Price/Book	Price/Sales	Price/Cash Flow	Div. Yield (%)
SII	6.1	1.1	0.5	6.1	2.5
Industry	7.5	1.5	0.9	6.1	0.5
Market	13.0	2.9	1.7	9.1	3.2

The Pricing Metrics

Growth Rates
Zacks	Reuters	Thomson Fin.	BVPS	EPS	FCFPS	SPS
22.3%	18.0%	20.7%	23.9%	31.5%	29.3%	20.3%
Next Year's Growth Estimate			-9.2%
Priced-In Growth			21.5%
Intrinsic Growth			25.9%
WACC			7.6%

Mulitple History
1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	TTM
56.1	34.9	49.1	20.3	34.4	29.7	30.4	21.8	16.4	17.8	6.0
Front Loaded Estimate					15.0
High Growth Estimate					42.9
Five Year Avgerage					25.7

Quality and Value

Quality (0-10)
Inferior	Low	Below Avg.	Average	Above Avg.	High	Superior
						10.2

Valuations
	PE	EPS	PRICE	VALUE/PRICE	MOS
Current Price	6.1	$3.60	$21.93	1.000	0.0%
Intrinsic Value	9.0	$4.31	$38.76	1.767	43.4%
Discounted Cash Flow (DCF)	---	---	$-5.44	-0.248	503.0%
Price Adjusted for Industry	4.6	$3.60	$16.63	0.758	-31.9%
Price Adjusted for Market	11.3	$3.60	$40.62	1.852	46.0%
EPS estimated FY08 Price	6.0	$3.84	$23.20	1.058	5.5%
ROIC-WACC Spread		8.53%
EPS Quality (OIPS/E)		1.06
Cash Quality (FCFPS/EPS)		0.16
Short % of Float		3.5%