HELIX ENERGY SOLUTIONS GROUP (HLX)
US42330P1075 - Common Stock
We assign a fundamental rating of 4 out of 10 to HLX. HLX was compared to 60 industry peers in the Energy Equipment & Services industry. While HLX seems to be doing ok healthwise, there are quite some concerns on its profitability. HLX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
HLX had positive earnings in the past year.
In the past year HLX had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HLX reported negative net income in multiple years.
Each year in the past 5 years HLX had a positive operating cash flow.
1.2 Ratios
HLX has a worse Return On Assets (0.27%) than 63.33% of its industry peers.
With a Return On Equity value of 0.46%, HLX is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
The Return On Invested Capital of HLX (3.75%) is worse than 71.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.46% | ||
| ROIC | 3.75% |
ROA(3y)-2.25%
ROA(5y)-0.75%
ROE(3y)-3.42%
ROE(5y)-1.15%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HLX has a worse Profit Margin (0.53%) than 61.67% of its industry peers.
With a Operating Margin value of 8.37%, HLX perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
In the last couple of years the Operating Margin of HLX has declined.
Looking at the Gross Margin, with a value of 15.69%, HLX is doing worse than 80.00% of the companies in the same industry.
HLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.37% | ||
| PM (TTM) | 0.53% | ||
| GM | 15.69% |
OM growth 3Y24.22%
OM growth 5Y-6.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y12.57%
GM growth 5Y-1.14%
2. Health
2.1 Basic Checks
HLX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, HLX has more shares outstanding
The number of shares outstanding for HLX has been increased compared to 5 years ago.
Compared to 1 year ago, HLX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.83 indicates that HLX is not a great score, but indicates only limited risk for bankruptcy at the moment.
HLX has a Altman-Z score of 1.83. This is comparable to the rest of the industry: HLX outperforms 50.00% of its industry peers.
HLX has a debt to FCF ratio of 1.67. This is a very positive value and a sign of high solvency as it would only need 1.67 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.67, HLX is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that HLX is not too dependend on debt financing.
HLX has a Debt to Equity ratio of 0.19. This is in the better half of the industry: HLX outperforms 68.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.67 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.46
WACC8.21%
2.3 Liquidity
A Current Ratio of 2.29 indicates that HLX has no problem at all paying its short term obligations.
HLX's Current ratio of 2.29 is fine compared to the rest of the industry. HLX outperforms 68.33% of its industry peers.
HLX has a Quick Ratio of 2.29. This indicates that HLX is financially healthy and has no problem in meeting its short term obligations.
HLX's Quick ratio of 2.29 is amongst the best of the industry. HLX outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
HLX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 107.14%, which is quite impressive.
The Earnings Per Share has been decreasing by -3.04% on average over the past years.
HLX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.74%.
Measured over the past years, HLX shows a quite strong growth in Revenue. The Revenue has been growing by 11.76% on average per year.
EPS 1Y (TTM)107.14%
EPS 3Y11.46%
EPS 5Y-3.04%
EPS Q2Q%90%
Revenue 1Y (TTM)7.74%
Revenue growth 3Y20.69%
Revenue growth 5Y11.76%
Sales Q2Q%-13.46%
3.2 Future
HLX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.57% yearly.
HLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.89% yearly.
EPS Next Y102.56%
EPS Next 2Y106.51%
EPS Next 3Y77.99%
EPS Next 5Y48.57%
Revenue Next Year3.66%
Revenue Next 2Y4.31%
Revenue Next 3Y4.66%
Revenue Next 5Y4.89%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 34.24 indicates a quite expensive valuation of HLX.
HLX's Price/Earnings ratio is a bit more expensive when compared to the industry. HLX is more expensive than 66.67% of the companies in the same industry.
HLX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.48.
Based on the Price/Forward Earnings ratio of 12.94, the valuation of HLX can be described as correct.
Based on the Price/Forward Earnings ratio, HLX is valued a bit cheaper than the industry average as 61.67% of the companies are valued more expensively.
HLX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.24 | ||
| Fwd PE | 12.94 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HLX indicates a somewhat cheap valuation: HLX is cheaper than 66.67% of the companies listed in the same industry.
HLX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HLX is cheaper than 78.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.01 | ||
| EV/EBITDA | 5.2 |
4.3 Compensation for Growth
HLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HLX's earnings are expected to grow with 77.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y106.51%
EPS Next 3Y77.99%
5. Dividend
5.1 Amount
HLX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
HELIX ENERGY SOLUTIONS GROUP
NYSE:HLX (12/6/2024, 8:04:00 PM)
After market: 9.78 -0.15 (-1.51%)9.93
-0.56 (-5.34%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.51B
Analysts
Price Target
Short Float %
Short Ratio
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.24 | ||
| Fwd PE | 12.94 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.27% | ||
| ROE | 0.46% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.37% | ||
| PM (TTM) | 0.53% | ||
| GM | 15.69% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)107.14%
EPS 3Y11.46%
EPS 5Y
EPS Q2Q%
EPS Next Y102.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.74%
Revenue growth 3Y20.69%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y