TIDEWATER INC (TDW) Stock Fundamental Analysis
NYSE:TDW - New York Stock Exchange, Inc. - US88642R1095 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to TDW. TDW was compared to 59 industry peers in the Energy Equipment & Services industry. TDW has an average financial health and profitability rating. TDW is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, TDW could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
TDW had positive earnings in the past year.
In the past year TDW had a positive cash flow from operations.
TDW had negative earnings in 4 of the past 5 years.
Of the past 5 years TDW 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.86%, TDW is in the better half of the industry, outperforming 74.14% of the companies in the same industry.
With a decent Return On Equity value of 16.25%, TDW is doing good in the industry, outperforming 74.14% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.70%, TDW is doing good in the industry, outperforming 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 16.25% | ||
| ROIC | 10.7% |
ROA(3y)-2.91%
ROA(5y)-6.68%
ROE(3y)-3.85%
ROE(5y)-9.88%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
TDW has a Profit Margin of 13.92%. This is amongst the best in the industry. TDW outperforms 84.48% of its industry peers.
TDW has a better Operating Margin (21.16%) than 86.21% of its industry peers.
Looking at the Gross Margin, with a value of 47.41%, TDW belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
TDW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.16% | ||
| PM (TTM) | 13.92% | ||
| GM | 47.41% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y12.23%
GM growth 5Y6.59%
2. Health
2.1 Basic Checks
TDW has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, TDW has more shares outstanding
Compared to 5 years ago, TDW has more shares outstanding
Compared to 1 year ago, TDW has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.65 indicates that TDW is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of TDW (2.65) is better than 72.41% of its industry peers.
TDW has a debt to FCF ratio of 3.28. This is a good value and a sign of high solvency as TDW would need 3.28 years to pay back of all of its debts.
TDW has a Debt to FCF ratio (3.28) which is in line with its industry peers.
A Debt/Equity ratio of 0.54 indicates that TDW is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.54, TDW is doing worse than 60.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.28 | ||
| Altman-Z | 2.65 |
ROIC/WACC1.19
WACC8.99%
2.3 Liquidity
TDW has a Current Ratio of 2.29. This indicates that TDW is financially healthy and has no problem in meeting its short term obligations.
TDW has a better Current ratio (2.29) than 65.52% of its industry peers.
A Quick Ratio of 2.19 indicates that TDW has no problem at all paying its short term obligations.
TDW has a better Quick ratio (2.19) than 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
TDW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 151.85%, which is quite impressive.
TDW shows a strong growth in Revenue. In the last year, the Revenue has grown by 45.78%.
The Revenue has been growing by 19.96% on average over the past years. This is quite good.
EPS 1Y (TTM)151.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%77.55%
Revenue 1Y (TTM)45.78%
Revenue growth 3Y36.51%
Revenue growth 5Y19.96%
Sales Q2Q%13.73%
3.2 Future
The Earnings Per Share is expected to grow by 70.65% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 17.90% on average over the next years. This is quite good.
EPS Next Y101.06%
EPS Next 2Y68.28%
EPS Next 3Y70.65%
EPS Next 5YN/A
Revenue Next Year31.94%
Revenue Next 2Y19.11%
Revenue Next 3Y17.9%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.84, the valuation of TDW can be described as correct.
70.69% of the companies in the same industry are more expensive than TDW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TDW to the average of the S&P500 Index (29.63), we can say TDW is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 9.63, the valuation of TDW can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TDW indicates a rather cheap valuation: TDW is cheaper than 87.93% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of TDW to the average of the S&P500 Index (22.68), we can say TDW is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 9.63 |
4.2 Price Multiples
TDW's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, TDW is valued a bit cheaper than the industry average as 63.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.31 | ||
| EV/EBITDA | 7.02 |
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 TDW may justify a higher PE ratio.
A more expensive valuation may be justified as TDW's earnings are expected to grow with 70.65% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y68.28%
EPS Next 3Y70.65%
5. Dividend
5.1 Amount
No dividends for TDW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
50.46
-0.97 (-1.89%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners104.1%
Inst Owner Change2.39%
Ins Owners1.26%
Ins Owner Change1.08%
Market Cap2.64B
Analysts81.67
Price Target81.16 (60.84%)
Short Float %11.42%
Short Ratio5.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.48%
Min EPS beat(2)-20.96%
Max EPS beat(2)1.99%
EPS beat(4)2
Avg EPS beat(4)2.84%
Min EPS beat(4)-20.96%
Max EPS beat(4)42.68%
EPS beat(8)2
Avg EPS beat(8)-12.91%
EPS beat(12)5
Avg EPS beat(12)5.24%
EPS beat(16)6
Avg EPS beat(16)-2.96%
Revenue beat(2)1
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)1.72%
Revenue beat(4)2
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-3.07%
Max Revenue beat(4)1.89%
Revenue beat(8)4
Avg Revenue beat(8)-0.91%
Revenue beat(12)8
Avg Revenue beat(12)8.56%
Revenue beat(16)9
Avg Revenue beat(16)6.57%
PT rev (1m)-8.39%
PT rev (3m)-32.38%
EPS NQ rev (1m)0.8%
EPS NQ rev (3m)-46.89%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)-21.29%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-10.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 9.63 | ||
| P/S | 2.03 | ||
| P/FCF | 13.31 | ||
| P/OCF | 11.49 | ||
| P/B | 2.36 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 7.02 |
EPS(TTM)3.4
EY6.74%
EPS(NY)5.24
Fwd EY10.38%
FCF(TTM)3.79
FCFY7.51%
OCF(TTM)4.39
OCFY8.7%
SpS24.91
BVpS21.34
TBVpS21.34
PEG (NY)0.15
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 16.25% | ||
| ROCE | 15.55% | ||
| ROIC | 10.7% | ||
| ROICexc | 12.71% | ||
| ROICexgc | 12.71% | ||
| OM | 21.16% | ||
| PM (TTM) | 13.92% | ||
| GM | 47.41% | ||
| FCFM | 15.22% |
ROA(3y)-2.91%
ROA(5y)-6.68%
ROE(3y)-3.85%
ROE(5y)-9.88%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y12.23%
GM growth 5Y6.59%
F-Score9
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.28 | ||
| Debt/EBITDA | 1.37 | ||
| Cap/Depr | 19.62% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 3.82 | ||
| Cash Conversion | 52.7% | ||
| Profit Quality | 109.33% | ||
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 2.65 |
F-Score9
WACC8.99%
ROIC/WACC1.19
Cap/Depr(3y)18.89%
Cap/Depr(5y)20.09%
Cap/Sales(3y)2.7%
Cap/Sales(5y)3.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)151.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%77.55%
EPS Next Y101.06%
EPS Next 2Y68.28%
EPS Next 3Y70.65%
EPS Next 5YN/A
Revenue 1Y (TTM)45.78%
Revenue growth 3Y36.51%
Revenue growth 5Y19.96%
Sales Q2Q%13.73%
Revenue Next Year31.94%
Revenue Next 2Y19.11%
Revenue Next 3Y17.9%
Revenue Next 5YN/A
EBIT growth 1Y117.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year204.77%
EBIT Next 3Y65.5%
EBIT Next 5YN/A
FCF growth 1Y1320.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12497.4%
OCF growth 3Y196.92%
OCF growth 5Y93.1%