TIDEWATER INC (TDW)
US88642R1095 - Common Stock
TDW gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 65 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of TDW get a neutral evaluation. Nothing too spectacular is happening here. TDW is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year TDW was profitable.
TDW had a positive operating cash flow in the past year.
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
The Return On Assets of TDW (4.71%) is comparable to the rest of the industry.
TDW has a Return On Equity of 9.35%. This is comparable to the rest of the industry: TDW outperforms 52.31% of its industry peers.
The Return On Invested Capital of TDW (6.89%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.71% | ||
| ROE | 9.35% | ||
| ROIC | 6.89% |
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 9.62%. This is in the better half of the industry: TDW outperforms 70.77% of its industry peers.
TDW has a better Operating Margin (17.18%) than 83.08% of its industry peers.
TDW has a Gross Margin of 44.47%. This is amongst the best in the industry. TDW outperforms 87.69% of its industry peers.
In the last couple of years the Gross Margin of TDW has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.18% | ||
| PM (TTM) | 9.62% | ||
| GM | 44.47% |
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 below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TDW has more shares outstanding
Compared to 5 years ago, TDW has more shares outstanding
The debt/assets ratio for TDW is higher compared to a year ago.
2.2 Solvency
TDW has an Altman-Z score of 3.80. This indicates that TDW is financially healthy and has little risk of bankruptcy at the moment.
TDW has a better Altman-Z score (3.80) than 86.15% of its industry peers.
The Debt to FCF ratio of TDW is 10.04, which is on the high side as it means it would take TDW, 10.04 years of fcf income to pay off all of its debts.
TDW has a Debt to FCF ratio (10.04) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.61 indicates that TDW is somewhat dependend on debt financing.
The Debt to Equity ratio of TDW (0.61) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 10.04 | ||
| Altman-Z | 3.8 |
ROIC/WACC0.79
WACC8.72%
2.3 Liquidity
A Current Ratio of 1.80 indicates that TDW should not have too much problems paying its short term obligations.
TDW has a Current ratio of 1.80. This is comparable to the rest of the industry: TDW outperforms 49.23% of its industry peers.
TDW has a Quick Ratio of 1.70. This is a normal value and indicates that TDW is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TDW (1.70) is better than 66.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
TDW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 477.55%, which is quite impressive.
TDW shows a strong growth in Revenue. In the last year, the Revenue has grown by 55.94%.
Measured over the past years, TDW shows a quite strong growth in Revenue. The Revenue has been growing by 19.96% on average per year.
EPS 1Y (TTM)477.55%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q250%
Revenue 1Y (TTM)55.94%
Revenue growth 3Y36.51%
Revenue growth 5Y19.96%
Revenue growth Q2Q62.07%
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 93.67% on average per year.
The Revenue is expected to grow by 23.13% on average over the next years. This is a very strong growth
EPS Next Y185.36%
EPS Next 2Y110.21%
EPS Next 3Y93.67%
EPS Next 5YN/A
Revenue Next Year38.75%
Revenue Next 2Y26.52%
Revenue Next 3Y23.13%
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
A Price/Earnings ratio of 58.44 indicates a quite expensive valuation of TDW.
63.08% of the companies in the same industry are cheaper than TDW, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.91. TDW is valued rather expensively when compared to this.
TDW is valuated rather expensively with a Price/Forward Earnings ratio of 20.48.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TDW indicates a slightly more expensive valuation: TDW is more expensive than 73.85% 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 (20.51), we can say TDW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.44 | ||
| Fwd PE | 20.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDW is valued more expensive than 84.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TDW is valued a bit more expensive than 64.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 77.29 | ||
| EV/EBITDA | 20.22 |
4.3 Compensation for Growth
TDW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TDW's earnings are expected to grow with 93.67% in the coming years.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y110.21%
EPS Next 3Y93.67%
5. Dividend
5.1 Amount
TDW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TIDEWATER INC
NYSE:TDW (5/15/2024, 7:11:42 PM)
Premarket: 108 -0.11 (-0.1%)108.11
+1.56 (+1.46%)
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 Cap5.65B
Analysts
Price Target
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.44 | ||
| Fwd PE | 20.48 | ||
| 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)0.32
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.71% | ||
| ROE | 9.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.18% | ||
| PM (TTM) | 9.62% | ||
| GM | 44.47% | ||
| 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 Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.7 | ||
| 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)
Growth
EPS 1Y (TTM)477.55%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y185.36%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)55.94%
Revenue growth 3Y36.51%
Revenue growth 5Y
Revenue growth 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