Eneti Inc (NETI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:NETI • MHY2294C1075

11.33 USD
+0.01 (+0.09%)
At close: Dec 28, 2023
11.33 USD
0 (0%)
After Hours: 12/28/2023, 8:04:01 PM
Fundamental Rating

4

Taking everything into account, NETI scores 4 out of 10 in our fundamental rating. NETI was compared to 55 industry peers in the Construction & Engineering industry. While NETI seems to be doing ok healthwise, there are quite some concerns on its profitability. NETI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • NETI had negative earnings in the past year.
  • NETI had a positive operating cash flow in the past year.
NETI Yearly Net Income VS EBIT VS OCF VS FCFNETI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 -200M -400M -600M

1.2 Ratios

  • With a Return On Assets value of -4.76%, NETI is not doing good in the industry: 81.58% of the companies in the same industry are doing better.
  • The Return On Equity of NETI (-5.43%) is worse than 73.68% of its industry peers.
  • NETI has a Return On Invested Capital of 1.17%. This is in the lower half of the industry: NETI underperforms 68.42% of its industry peers.
Industry RankSector Rank
ROA -4.76%
ROE -5.43%
ROIC 1.17%
ROA(3y)-20.64%
ROA(5y)-12%
ROE(3y)-76.16%
ROE(5y)-44.97%
ROIC(3y)N/A
ROIC(5y)N/A
NETI Yearly ROA, ROE, ROICNETI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 -50 -100 -150 -200

1.3 Margins

  • NETI's Profit Margin has improved in the last couple of years.
  • NETI has a Operating Margin of 7.08%. This is in the better half of the industry: NETI outperforms 73.68% of its industry peers.
  • NETI's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 48.34%, NETI belongs to the top of the industry, outperforming 86.84% of the companies in the same industry.
  • NETI's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 7.08%
PM (TTM) N/A
GM 48.34%
OM growth 3Y56.95%
OM growth 5YN/A
PM growth 3Y38.64%
PM growth 5YN/A
GM growth 3Y4.27%
GM growth 5Y5.39%
NETI Yearly Profit, Operating, Gross MarginsNETI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 -100 -200 -300 -400

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NETI is destroying value.
  • Compared to 1 year ago, NETI has less shares outstanding
  • The debt/assets ratio for NETI has been reduced compared to a year ago.
NETI Yearly Shares OutstandingNETI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M
NETI Yearly Total Debt VS Total AssetsNETI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.65, we must say that NETI is in the distress zone and has some risk of bankruptcy.
  • NETI's Altman-Z score of 0.65 is on the low side compared to the rest of the industry. NETI is outperformed by 86.84% of its industry peers.
  • NETI has a debt to FCF ratio of 47.41. This is a negative value and a sign of low solvency as NETI would need 47.41 years to pay back of all of its debts.
  • NETI has a Debt to FCF ratio (47.41) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.06 indicates that NETI is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.06, NETI belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 47.41
Altman-Z 0.65
ROIC/WACC0.15
WACC7.66%
NETI Yearly LT Debt VS Equity VS FCFNETI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M

2.3 Liquidity

  • NETI has a Current Ratio of 3.64. This indicates that NETI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.64, NETI belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
  • A Quick Ratio of 3.50 indicates that NETI has no problem at all paying its short term obligations.
  • NETI has a better Quick ratio (3.50) than 94.74% of its industry peers.
Industry RankSector Rank
Current Ratio 3.64
Quick Ratio 3.5
NETI Yearly Current Assets VS Current LiabilitesNETI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • NETI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -170.27%.
  • NETI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.37% yearly.
  • NETI shows a decrease in Revenue. In the last year, the revenue decreased by -7.55%.
  • The Revenue has been growing slightly by 4.21% on average over the past years.
EPS 1Y (TTM)-170.27%
EPS 3Y-24.37%
EPS 5YN/A
EPS Q2Q%-49.47%
Revenue 1Y (TTM)-7.55%
Revenue growth 3Y-3.91%
Revenue growth 5Y4.21%
Sales Q2Q%-23.12%

3.2 Future

  • Based on estimates for the next years, NETI will show a decrease in Earnings Per Share. The EPS will decrease by -1.15% on average per year.
  • NETI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.96% yearly.
EPS Next Y-155.28%
EPS Next 2Y-61.65%
EPS Next 3Y-11.22%
EPS Next 5Y-1.15%
Revenue Next Year-27.92%
Revenue Next 2Y-14%
Revenue Next 3Y11.84%
Revenue Next 5Y11.96%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 accelerating.
NETI Yearly Revenue VS EstimatesNETI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
NETI Yearly EPS VS EstimatesNETI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -20 -40 -60

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • NETI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 28.12, which means the current valuation is very expensive for NETI.
  • Based on the Price/Forward Earnings ratio, NETI is valued a bit more expensive than 71.05% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, NETI is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 28.12
NETI Price Earnings VS Forward Price EarningsNETI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NETI indicates a somewhat cheap valuation: NETI is cheaper than 63.16% of the companies listed in the same industry.
  • NETI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 375.56
EV/EBITDA 12.51
NETI Per share dataNETI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • NETI's earnings are expected to decrease with -11.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-61.65%
EPS Next 3Y-11.22%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • NETI has a yearly dividend return of 0.35%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.14, NETI pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, NETI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.35%

5.2 History

  • The dividend of NETI decreases each year by -27.26%.
  • NETI has been paying a dividend for over 5 years, so it has already some track record.
  • NETI has decreased its dividend recently.
Dividend Growth(5Y)-27.26%
Div Incr Years0
Div Non Decr Years1
NETI Yearly Dividends per shareNETI Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 0.05 0.1 0.15

5.3 Sustainability

  • The earnings of NETI are negative and hence is the payout ratio. NETI will probably not be able to sustain this dividend level.
  • The Dividend Rate of NETI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-4.27%
EPS Next 2Y-61.65%
EPS Next 3Y-11.22%
NETI Yearly Income VS Free CF VS DividendNETI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 -200M -400M -600M

More info and screens

Find the best dividend stocksShow peers with best dividend

Eneti Inc

NYSE:NETI (12/28/2023, 8:04:01 PM)

After market: 11.33 0 (0%)

11.33

+0.01 (+0.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-14
Earnings (Next)02-07
Inst Owners0.19%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap437.90M
Revenue(TTM)152.47M
Net Income(TTM)-36.44M
Analysts86.67
Price Target15.61 (37.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.35%
Yearly Dividend0.04
Dividend Growth(5Y)-27.26%
DP-4.27%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1690.22%
Min EPS beat(2)-3454.3%
Max EPS beat(2)73.86%
EPS beat(4)3
Avg EPS beat(4)-757.58%
Min EPS beat(4)-3454.3%
Max EPS beat(4)304.52%
EPS beat(8)6
Avg EPS beat(8)-354.96%
EPS beat(12)8
Avg EPS beat(12)-24.71%
EPS beat(16)9
Avg EPS beat(16)496.23%
Revenue beat(2)1
Avg Revenue beat(2)3.24%
Min Revenue beat(2)-0.52%
Max Revenue beat(2)6.99%
Revenue beat(4)3
Avg Revenue beat(4)13.71%
Min Revenue beat(4)-0.52%
Max Revenue beat(4)38.26%
Revenue beat(8)6
Avg Revenue beat(8)7.17%
Revenue beat(12)9
Avg Revenue beat(12)17.95%
Revenue beat(16)9
Avg Revenue beat(16)12.09%
PT rev (1m)2.57%
PT rev (3m)5.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)347.04%
EPS NY rev (1m)0%
EPS NY rev (3m)6.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.47%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 28.12
P/S 2.87
P/FCF 375.56
P/OCF 11.49
P/B 0.65
P/tB 0.66
EV/EBITDA 12.51
EPS(TTM)-1.04
EYN/A
EPS(NY)0.4
Fwd EY3.56%
FCF(TTM)0.03
FCFY0.27%
OCF(TTM)0.99
OCFY8.7%
SpS3.94
BVpS17.37
TBVpS17.26
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -4.76%
ROE -5.43%
ROCE 1.48%
ROIC 1.17%
ROICexc 1.31%
ROICexgc 1.32%
OM 7.08%
PM (TTM) N/A
GM 48.34%
FCFM 0.76%
ROA(3y)-20.64%
ROA(5y)-12%
ROE(3y)-76.16%
ROE(5y)-44.97%
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
ROICexgc growth 3Y99.78%
ROICexgc growth 5YN/A
ROICexc growth 3Y99.32%
ROICexc growth 5YN/A
OM growth 3Y56.95%
OM growth 5YN/A
PM growth 3Y38.64%
PM growth 5YN/A
GM growth 3Y4.27%
GM growth 5Y5.39%
F-Score3
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 47.41
Debt/EBITDA 1.3
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 115.16%
Profit Quality N/A
Current Ratio 3.64
Quick Ratio 3.5
Altman-Z 0.65
F-Score3
WACC7.66%
ROIC/WACC0.15
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-170.27%
EPS 3Y-24.37%
EPS 5YN/A
EPS Q2Q%-49.47%
EPS Next Y-155.28%
EPS Next 2Y-61.65%
EPS Next 3Y-11.22%
EPS Next 5Y-1.15%
Revenue 1Y (TTM)-7.55%
Revenue growth 3Y-3.91%
Revenue growth 5Y4.21%
Sales Q2Q%-23.12%
Revenue Next Year-27.92%
Revenue Next 2Y-14%
Revenue Next 3Y11.84%
Revenue Next 5Y11.96%
EBIT growth 1Y-43.33%
EBIT growth 3Y50.82%
EBIT growth 5YN/A
EBIT Next Year-20.87%
EBIT Next 3Y57.9%
EBIT Next 5Y44.83%
FCF growth 1Y1357.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y106.59%
OCF growth 3Y23.14%
OCF growth 5Y26.43%

Eneti Inc / NETI FAQ

Can you provide the ChartMill fundamental rating for Eneti Inc?

ChartMill assigns a fundamental rating of 4 / 10 to NETI.


Can you provide the valuation status for Eneti Inc?

ChartMill assigns a valuation rating of 1 / 10 to Eneti Inc (NETI). This can be considered as Overvalued.


What is the profitability of NETI stock?

Eneti Inc (NETI) has a profitability rating of 4 / 10.


Can you provide the financial health for NETI stock?

The financial health rating of Eneti Inc (NETI) is 6 / 10.