OCEANEERING INTL INC (OII) Stock Fundamental Analysis
NYSE:OII - New York Stock Exchange, Inc. - US6752321025 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to OII. OII was compared to 63 industry peers in the Energy Equipment & Services industry. OII has only an average score on both its financial health and profitability. OII is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year OII was profitable.
OII had a positive operating cash flow in the past year.
In multiple years OII reported negative net income over the last 5 years.
In the past 5 years OII always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of OII (8.03%) is better than 73.02% of its industry peers.
OII has a Return On Equity of 23.63%. This is amongst the best in the industry. OII outperforms 90.48% of its industry peers.
The Return On Invested Capital of OII (11.77%) is better than 82.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OII is in line with the industry average of 8.44%.
The 3 year average ROIC (7.48%) for OII is below the current ROIC(11.77%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.03% | ||
| ROE | 23.63% | ||
| ROIC | 11.77% |
ROA(3y)3.98%
ROA(5y)-2.97%
ROE(3y)13.72%
ROE(5y)-11.72%
ROIC(3y)7.48%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of OII (6.68%) is comparable to the rest of the industry.
OII has a Operating Margin of 10.71%. This is comparable to the rest of the industry: OII outperforms 52.38% of its industry peers.
OII's Operating Margin has improved in the last couple of years.
OII's Gross Margin of 19.66% is on the low side compared to the rest of the industry. OII is outperformed by 73.02% of its industry peers.
OII's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.71% | ||
| PM (TTM) | 6.68% | ||
| GM | 19.66% |
OM growth 3Y63.2%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.9%
GM growth 5Y30.64%
2. Health
2.1 Basic Checks
OII has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for OII remains at a similar level compared to 1 year ago.
OII has more shares outstanding than it did 5 years ago.
OII has a better debt/assets ratio than last year.
2.2 Solvency
OII has an Altman-Z score of 3.83. This indicates that OII is financially healthy and has little risk of bankruptcy at the moment.
OII has a Altman-Z score of 3.83. This is amongst the best in the industry. OII outperforms 87.30% of its industry peers.
OII has a debt to FCF ratio of 5.72. This is a neutral value as OII would need 5.72 years to pay back of all of its debts.
OII has a Debt to FCF ratio of 5.72. This is comparable to the rest of the industry: OII outperforms 49.21% of its industry peers.
OII has a Debt/Equity ratio of 0.63. This is a neutral value indicating OII is somewhat dependend on debt financing.
OII has a worse Debt to Equity ratio (0.63) than 63.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.72 | ||
| Altman-Z | 3.83 |
ROIC/WACC1.32
WACC8.95%
2.3 Liquidity
OII has a Current Ratio of 1.89. This is a normal value and indicates that OII is financially healthy and should not expect problems in meeting its short term obligations.
OII's Current ratio of 1.89 is in line compared to the rest of the industry. OII outperforms 52.38% of its industry peers.
OII has a Quick Ratio of 1.58. This is a normal value and indicates that OII is financially healthy and should not expect problems in meeting its short term obligations.
OII has a Quick ratio (1.58) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
OII shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 100.00%, which is quite impressive.
Measured over the past years, OII shows a very strong growth in Earnings Per Share. The EPS has been growing by 103.37% on average per year.
Looking at the last year, OII shows a quite strong growth in Revenue. The Revenue has grown by 10.04% in the last year.
Measured over the past years, OII shows a small growth in Revenue. The Revenue has been growing by 5.38% on average per year.
EPS 1Y (TTM)100%
EPS 3Y103.37%
EPS 5YN/A
EPS Q2Q%250%
Revenue 1Y (TTM)10.04%
Revenue growth 3Y12.49%
Revenue growth 5Y5.38%
Sales Q2Q%12.59%
3.2 Future
OII is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.84% yearly.
Based on estimates for the next years, OII will show a small growth in Revenue. The Revenue will grow by 5.13% on average per year.
EPS Next Y15.86%
EPS Next 2Y12.27%
EPS Next 3Y14.27%
EPS Next 5Y12.84%
Revenue Next Year4.88%
Revenue Next 2Y4.05%
Revenue Next 3Y4.26%
Revenue Next 5Y5.13%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
OII is valuated correctly with a Price/Earnings ratio of 12.32.
Based on the Price/Earnings ratio, OII is valued a bit cheaper than the industry average as 69.84% of the companies are valued more expensively.
OII's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
A Price/Forward Earnings ratio of 12.17 indicates a correct valuation of OII.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OII is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, OII is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 12.17 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as OII.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OII is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.1 | ||
| EV/EBITDA | 5.77 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of OII may justify a higher PE ratio.
A more expensive valuation may be justified as OII's earnings are expected to grow with 14.27% in the coming years.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y12.27%
EPS Next 3Y14.27%
5. Dividend
5.1 Amount
OII does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
21.93
+0.2 (+0.92%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners97%
Inst Owner Change0%
Ins Owners8.2%
Ins Owner Change6.56%
Market Cap2.21B
Analysts49.09
Price Target20.91 (-4.65%)
Short Float %4.34%
Short Ratio4.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)53.92%
Min EPS beat(2)40.83%
Max EPS beat(2)67%
EPS beat(4)3
Avg EPS beat(4)24.36%
Min EPS beat(4)-10.6%
Max EPS beat(4)67%
EPS beat(8)5
Avg EPS beat(8)46.6%
EPS beat(12)6
Avg EPS beat(12)27.79%
EPS beat(16)8
Avg EPS beat(16)114.36%
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)2.54%
Max Revenue beat(2)2.91%
Revenue beat(4)3
Avg Revenue beat(4)1.01%
Min Revenue beat(4)-2.73%
Max Revenue beat(4)2.91%
Revenue beat(8)5
Avg Revenue beat(8)0.67%
Revenue beat(12)7
Avg Revenue beat(12)0.46%
Revenue beat(16)9
Avg Revenue beat(16)0.54%
PT rev (1m)0%
PT rev (3m)-10.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.24%
EPS NY rev (1m)0%
EPS NY rev (3m)2.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 12.17 | ||
| P/S | 0.81 | ||
| P/FCF | 26.1 | ||
| P/OCF | 11.48 | ||
| P/B | 2.85 | ||
| P/tB | 3.05 | ||
| EV/EBITDA | 5.77 |
EPS(TTM)1.78
EY8.12%
EPS(NY)1.8
Fwd EY8.22%
FCF(TTM)0.84
FCFY3.83%
OCF(TTM)1.91
OCFY8.71%
SpS27.21
BVpS7.69
TBVpS7.19
PEG (NY)0.78
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.03% | ||
| ROE | 23.63% | ||
| ROCE | 18.68% | ||
| ROIC | 11.77% | ||
| ROICexc | 15.66% | ||
| ROICexgc | 16.35% | ||
| OM | 10.71% | ||
| PM (TTM) | 6.68% | ||
| GM | 19.66% | ||
| FCFM | 3.09% |
ROA(3y)3.98%
ROA(5y)-2.97%
ROE(3y)13.72%
ROE(5y)-11.72%
ROIC(3y)7.48%
ROIC(5y)N/A
ROICexc(3y)11.27%
ROICexc(5y)N/A
ROICexgc(3y)12.05%
ROICexgc(5y)N/A
ROCE(3y)11.87%
ROCE(5y)N/A
ROICexcg growth 3Y78.13%
ROICexcg growth 5YN/A
ROICexc growth 3Y76.36%
ROICexc growth 5YN/A
OM growth 3Y63.2%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.9%
GM growth 5Y30.64%
F-Score8
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.72 | ||
| Debt/EBITDA | 1.23 | ||
| Cap/Depr | 106.82% | ||
| Cap/Sales | 3.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 48.8% | ||
| Profit Quality | 46.25% | ||
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z | 3.83 |
F-Score8
WACC8.95%
ROIC/WACC1.32
Cap/Depr(3y)88.84%
Cap/Depr(5y)62.79%
Cap/Sales(3y)4.03%
Cap/Sales(5y)3.62%
Profit Quality(3y)110.29%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)100%
EPS 3Y103.37%
EPS 5YN/A
EPS Q2Q%250%
EPS Next Y15.86%
EPS Next 2Y12.27%
EPS Next 3Y14.27%
EPS Next 5Y12.84%
Revenue 1Y (TTM)10.04%
Revenue growth 3Y12.49%
Revenue growth 5Y5.38%
Sales Q2Q%12.59%
Revenue Next Year4.88%
Revenue Next 2Y4.05%
Revenue Next 3Y4.26%
Revenue Next 5Y5.13%
EBIT growth 1Y53.21%
EBIT growth 3Y83.59%
EBIT growth 5YN/A
EBIT Next Year57.56%
EBIT Next 3Y23.66%
EBIT Next 5Y16.33%
FCF growth 1Y7.74%
FCF growth 3Y-18.13%
FCF growth 5Y57.54%
OCF growth 1Y21.3%
OCF growth 3Y-3.38%
OCF growth 5Y5.22%