TIDEWATER INC (TDW)
US88642R1095 - Common Stock
We assign a fundamental rating of 6 out of 10 to TDW. TDW was compared to 59 industry peers in the Energy Equipment & Services industry. TDW has only an average score on both its financial health and profitability. TDW is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make TDW suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year TDW was profitable.
In the past year TDW had a positive cash flow from operations.
In the past 5 years TDW reported 4 times negative net income.
Of the past 5 years TDW 4 years had a positive operating cash flow.
1.2 Ratios
TDW has a Return On Assets of 8.86%. This is in the better half of the industry: TDW outperforms 72.88% of its industry peers.
The Return On Equity of TDW (16.25%) is better than 72.88% of its industry peers.
TDW has a Return On Invested Capital of 10.70%. This is in the better half of the industry: TDW outperforms 76.27% of its industry peers.
| 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
The Profit Margin of TDW (13.92%) is better than 83.05% of its industry peers.
TDW has a Operating Margin of 21.16%. This is amongst the best in the industry. TDW outperforms 84.75% of its industry peers.
The Gross Margin of TDW (47.41%) is better than 88.14% of its industry peers.
In the last couple of years the Gross Margin of TDW has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TDW is still creating some value.
TDW has more shares outstanding than it did 1 year ago.
TDW has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TDW is higher compared to a year ago.
2.2 Solvency
TDW has an Altman-Z score of 2.56. This is not the best score and indicates that TDW is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.56, TDW is doing good in the industry, outperforming 67.80% of the companies in the same industry.
The Debt to FCF ratio of TDW is 3.28, which is a good value as it means it would take TDW, 3.28 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.28, TDW is in line with its industry, outperforming 57.63% of the companies in the same industry.
TDW has a Debt/Equity ratio of 0.54. This is a neutral value indicating TDW is somewhat dependend on debt financing.
TDW has a worse Debt to Equity ratio (0.54) than 62.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.28 | ||
| Altman-Z | 2.56 |
ROIC/WACC1.27
WACC8.44%
2.3 Liquidity
A Current Ratio of 2.29 indicates that TDW has no problem at all paying its short term obligations.
TDW's Current ratio of 2.29 is fine compared to the rest of the industry. TDW outperforms 66.10% of its industry peers.
TDW has a Quick Ratio of 2.19. This indicates that TDW is financially healthy and has no problem in meeting its short term obligations.
TDW's Quick ratio of 2.19 is fine compared to the rest of the industry. TDW outperforms 79.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 151.85% over the past year.
The Revenue has grown by 45.78% in the past year. This is a very strong growth!
TDW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.96% yearly.
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
Based on estimates for the next years, TDW will show a very strong growth in Earnings Per Share. The EPS will grow by 79.52% on average per year.
Based on estimates for the next years, TDW will show a very strong growth in Revenue. The Revenue will grow by 20.17% on average per year.
EPS Next Y99.29%
EPS Next 2Y76.5%
EPS Next 3Y79.52%
EPS Next 5YN/A
Revenue Next Year32.13%
Revenue Next 2Y21.26%
Revenue Next 3Y20.17%
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
The Price/Earnings ratio is 14.41, which indicates a correct valuation of TDW.
Based on the Price/Earnings ratio, TDW is valued a bit cheaper than 64.41% of the companies in the same industry.
TDW's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
Based on the Price/Forward Earnings ratio of 8.50, the valuation of TDW can be described as reasonable.
Based on the Price/Forward Earnings ratio, TDW is valued cheaply inside the industry as 89.83% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TDW to the average of the S&P500 Index (22.83), we can say TDW is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 8.5 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TDW.
The rest of the industry has a similar Price/Free Cash Flow ratio as TDW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.93 | ||
| EV/EBITDA | 6.69 |
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 79.52% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y76.5%
EPS Next 3Y79.52%
5. Dividend
5.1 Amount
TDW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TIDEWATER INC
NYSE:TDW (12/20/2024, 8:04:00 PM)
After market: 49.4 +0.4 (+0.82%)49
+0.32 (+0.66%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners103.77%
Inst Owner Change-2.48%
Ins Owners1.13%
Ins Owner Change0%
Market Cap2.56B
Analysts83.33
Price Target88.59 (80.8%)
Short Float %10.89%
Short Ratio5.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-26.18%
PT rev (3m)-26.7%
EPS NQ rev (1m)-47.31%
EPS NQ rev (3m)-48.27%
EPS NY rev (1m)-21.98%
EPS NY rev (3m)-23.13%
Revenue NQ rev (1m)-10.35%
Revenue NQ rev (3m)-10.58%
Revenue NY rev (1m)-3.35%
Revenue NY rev (3m)-3.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 8.5 | ||
| P/S | 1.97 | ||
| P/FCF | 12.93 | ||
| P/OCF | 11.16 | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 6.69 |
EPS(TTM)3.4
EY6.94%
EPS(NY)5.76
Fwd EY11.76%
FCF(TTM)3.79
FCFY7.74%
OCF(TTM)4.39
OCFY8.96%
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 | 2.56 |
F-Score9
WACC8.44%
ROIC/WACC1.27
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 Y99.29%
EPS Next 2Y76.5%
EPS Next 3Y79.52%
EPS Next 5YN/A
Revenue 1Y (TTM)45.78%
Revenue growth 3Y36.51%
Revenue growth 5Y19.96%
Sales Q2Q%13.73%
Revenue Next Year32.13%
Revenue Next 2Y21.26%
Revenue Next 3Y20.17%
Revenue Next 5YN/A
EBIT growth 1Y117.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year205.78%
EBIT Next 3Y71.43%
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%