3 models fit Mammoth Energy Services Inc. Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver78
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionMammoth Energy Services Inc. Common Stock (TUSK)
Fair value (3 models)
$2.75
ACCE price target
$2.70
Rating
Fairly valued
Horizon
12 months
Fair value published on 14 Oct 2026, 00:00 CEST; previously $2.70 since 10 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 17:04 CEST.
Price used: $2.67 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
2.8% below
+2.9% to fair value
ACCE score
53
out of 100
1-year return
+23.0%
Dividend yield
0.00%
Mammoth Energy Services Inc. Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Mammoth Energy Services provides oilfield services to the US shale sector, including well completion services, hydraulic fracturing, and infrastructure work such as power generation and utility-style projects, and the company has been pushing into power for data centers. Its 110.9% revenue growth is the number that stands out, but it comes off a depressed base, and the business is still loss-making at the operating line, with a -7.7% operating margin and a 16.5% gross margin that leaves little room for error in a cyclical services business. The thesis therefore rests on whether the shift toward power and infrastructure work can lift margins and turn that revenue growth into positive returns on equity, which the current -8.2% ROE says it has not yet done. At a market cap of about $130M and a forward P/E of 17.5 against a trailing P/E that is not meaningful, the stock is priced on expected earnings recovery rather than current profit. The score of 57/100 and the lack of index membership suggest it is a small, unloved name, and it merits a deeper look mainly to test the margin trajectory in the power business.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Free cash flow deeply negative
FCF of $-89,122,000 against a $130M market cap is a heavy cash burn. Revenue growth of +110.9% has not translated into cash generation, which raises funding and dilution questions.
moderate
Operating margin negative
Operating margin of -7.7% and ROE of -8.2% show the business is not yet earning a return on its operations, despite a +1.0% net margin that depends on non-operating items.
moderate
Long-term revenue decline
The 5y revenue CAGR of -32.4% sits uneasily beside the recent +110.9% year-on-year jump, so the recent rebound may not yet be a durable trend.
moderate
Insider selling outweighs buying
Insiders sold $0.55M across the last 10 disclosed transactions against only $0.04M of buys, a skew toward selling worth monitoring.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 110.9% year over year in the latest 10-Q, a sharp rebound in the top line.
The shares trade at a 17.5x forward P/E, below the sector median of 23.6x.
The stock trades 2.8% below the model fair value, and analysts' mean price target sits 82.2% above the current price.
Why it could disappoint
Free cash flow over the last 12 months was negative at -$89M, and the cash yield is -68.6%.
Five-year average revenue growth is -32.4% per year, so the recent jump follows a long decline.
Return on equity is -8.2% and return on invested capital is only 1.4%, so the business is not earning a good return on capital.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 30, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where TUSK's valuation models land
Price
$2.67
Model fair value
$2.75
Model range
$1.03 to $3.64
Fair value $2.75
Price $2.67
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
+Score history: how each score moved over time
Analysts
Wall Street consensus
No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
+Price-target low / average / high vs the current price, with implied upside
+Forward revenue and EPS consensus by fiscal year
+ACCE fair-value models lined up against the Street
Smart Money
PRO
In one line
Trades are only made public after a delay. We show the delay so you know how old the news is.