TIDEWATER INC (TDW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TDW - US88642R1095 - Common Stock
50.35 USD
-0.15 (-0.3%)
50.35 USD
0 (0%)
Overall TDW gets a fundamental rating of 6 out of 10. We evaluated TDW against 62 industry peers in the Energy Equipment & Services industry. TDW has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TDW has a decent growth rate and is not valued too expensively.
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.
The reported net income has been mixed in the past 5 years: TDW reported negative net income in multiple years.
In the past 5 years TDW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.12%, TDW is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
The Return On Equity of TDW (13.27%) is better than 78.33% of its industry peers.
TDW's Return On Invested Capital of 11.45% is amongst the best of the industry. TDW outperforms 85.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDW is significantly below the industry average of 13.09%.
The 3 year average ROIC (7.28%) for TDW is below the current ROIC(11.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.12% | ||
| ROE | 13.27% | ||
| ROIC | 11.45% |
ROA(3y)3.91%
ROA(5y)-3.14%
ROE(3y)7.69%
ROE(5y)-3.84%
ROIC(3y)7.28%
ROIC(5y)N/A
1.3 Margins
TDW has a Profit Margin of 11.14%. This is amongst the best in the industry. TDW outperforms 86.67% of its industry peers.
TDW has a better Operating Margin (21.21%) than 86.67% of its industry peers.
Looking at the Gross Margin, with a value of 49.65%, TDW belongs to the top of the industry, outperforming 88.33% of the companies in the same industry.
TDW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.21% | ||
| PM (TTM) | 11.14% | ||
| GM | 49.65% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y18.71%
GM growth 5Y8.7%
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.
TDW has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, TDW has more shares outstanding
TDW has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.56 indicates that TDW is not a great score, but indicates 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 71.67% of the companies in the same industry.
TDW has a debt to FCF ratio of 2.24. This is a good value and a sign of high solvency as TDW would need 2.24 years to pay back of all of its debts.
TDW's Debt to FCF ratio of 2.24 is fine compared to the rest of the industry. TDW outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that TDW is somewhat dependend on debt financing.
The Debt to Equity ratio of TDW (0.57) is worse than 61.67% of its industry peers.
Although TDW does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.56 |
ROIC/WACC1.29
WACC8.88%
2.3 Liquidity
A Current Ratio of 2.89 indicates that TDW has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.89, TDW belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
TDW has a Quick Ratio of 2.79. This indicates that TDW is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.79, TDW belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.79 |
3. Growth
3.1 Past
TDW shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.53%.
The Revenue has been growing slightly by 4.42% in the past year.
TDW shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.57% yearly.
EPS 1Y (TTM)3.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.08%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y53.65%
Revenue growth 5Y22.57%
Sales Q2Q%0.22%
3.2 Future
Based on estimates for the next years, TDW will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.52% on average per year.
Based on estimates for the next years, TDW will show a small growth in Revenue. The Revenue will grow by 2.12% on average per year.
EPS Next Y-8.41%
EPS Next 2Y4.19%
EPS Next 3Y12.52%
EPS Next 5YN/A
Revenue Next Year0.15%
Revenue Next 2Y0.48%
Revenue Next 3Y2.12%
Revenue Next 5YN/A
3.3 Evolution
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
Based on the Price/Earnings ratio of 14.30, the valuation of TDW can be described as correct.
Based on the Price/Earnings ratio, TDW is valued a bit cheaper than the industry average as 78.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.38, TDW is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.64, the valuation of TDW can be described as correct.
TDW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TDW is cheaper than 73.33% of the companies in the same industry.
TDW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.3 | ||
| Fwd PE | 13.64 |
4.2 Price Multiples
TDW's Enterprise Value to EBITDA is on the same level as the industry average.
86.67% of the companies in the same industry are more expensive than TDW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.54 | ||
| EV/EBITDA | 6.18 |
4.3 Compensation for Growth
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 12.52% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.19%
EPS Next 3Y12.52%
5. Dividend
5.1 Amount
TDW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
50.35
-0.15 (-0.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners106.13%
Inst Owner Change0.06%
Ins Owners1.74%
Ins Owner Change-0.34%
Market Cap2.50B
Revenue(TTM)1.36B
Net Income(TTM)151.68M
Analysts70
Price Target64.26 (27.63%)
Short Float %9.09%
Short Ratio5.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/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)91.13%
Min EPS beat(2)-15.39%
Max EPS beat(2)197.64%
EPS beat(4)2
Avg EPS beat(4)46.66%
Min EPS beat(4)-25.11%
Max EPS beat(4)197.64%
EPS beat(8)4
Avg EPS beat(8)24.75%
EPS beat(12)4
Avg EPS beat(12)6.95%
EPS beat(16)7
Avg EPS beat(16)15.59%
Revenue beat(2)2
Avg Revenue beat(2)3.02%
Min Revenue beat(2)1.11%
Max Revenue beat(2)4.93%
Revenue beat(4)4
Avg Revenue beat(4)2.09%
Min Revenue beat(4)0.3%
Max Revenue beat(4)4.93%
Revenue beat(8)6
Avg Revenue beat(8)0.8%
Revenue beat(12)8
Avg Revenue beat(12)0.09%
Revenue beat(16)12
Avg Revenue beat(16)6.94%
PT rev (1m)0%
PT rev (3m)-3.08%
EPS NQ rev (1m)-2.69%
EPS NQ rev (3m)-17.02%
EPS NY rev (1m)-9.98%
EPS NY rev (3m)-11.46%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-2.29%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.3 | ||
| Fwd PE | 13.64 | ||
| P/S | 1.83 | ||
| P/FCF | 8.54 | ||
| P/OCF | 7.86 | ||
| P/B | 2.18 | ||
| P/tB | 2.18 | ||
| EV/EBITDA | 6.18 |
EPS(TTM)3.52
EY6.99%
EPS(NY)3.69
Fwd EY7.33%
FCF(TTM)5.9
FCFY11.71%
OCF(TTM)6.41
OCFY12.72%
SpS27.46
BVpS23.06
TBVpS23.06
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.12% | ||
| ROE | 13.27% | ||
| ROCE | 15.59% | ||
| ROIC | 11.45% | ||
| ROICexc | 14.9% | ||
| ROICexgc | 14.9% | ||
| OM | 21.21% | ||
| PM (TTM) | 11.14% | ||
| GM | 49.65% | ||
| FCFM | 21.48% |
ROA(3y)3.91%
ROA(5y)-3.14%
ROE(3y)7.69%
ROE(5y)-3.84%
ROIC(3y)7.28%
ROIC(5y)N/A
ROICexc(3y)8.81%
ROICexc(5y)N/A
ROICexgc(3y)8.81%
ROICexgc(5y)N/A
ROCE(3y)9.9%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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 3Y18.71%
GM growth 5Y8.7%
F-Score7
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 2.24 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 16.55% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | 4.81 | ||
| Cash Conversion | 72.03% | ||
| Profit Quality | 192.71% | ||
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.79 | ||
| Altman-Z | 2.56 |
F-Score7
WACC8.88%
ROIC/WACC1.29
Cap/Depr(3y)20.7%
Cap/Depr(5y)18.95%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-39.08%
EPS Next Y-8.41%
EPS Next 2Y4.19%
EPS Next 3Y12.52%
EPS Next 5YN/A
Revenue 1Y (TTM)4.42%
Revenue growth 3Y53.65%
Revenue growth 5Y22.57%
Sales Q2Q%0.22%
Revenue Next Year0.15%
Revenue Next 2Y0.48%
Revenue Next 3Y2.12%
Revenue Next 5YN/A
EBIT growth 1Y4.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year93.54%
EBIT Next 3Y25.72%
EBIT Next 5YN/A
FCF growth 1Y291.39%
FCF growth 3Y243.9%
FCF growth 5YN/A
OCF growth 1Y208.76%
OCF growth 3Y163.28%
OCF growth 5YN/A
TIDEWATER INC / TDW FAQ
What is the ChartMill fundamental rating of TIDEWATER INC (TDW) stock?
ChartMill assigns a fundamental rating of 6 / 10 to TDW.
What is the valuation status of TIDEWATER INC (TDW) stock?
ChartMill assigns a valuation rating of 5 / 10 to TIDEWATER INC (TDW). This can be considered as Fairly Valued.
What is the profitability of TDW stock?
TIDEWATER INC (TDW) has a profitability rating of 7 / 10.
What are the PE and PB ratios of TIDEWATER INC (TDW) stock?
The Price/Earnings (PE) ratio for TIDEWATER INC (TDW) is 14.3 and the Price/Book (PB) ratio is 2.18.
Is the dividend of TIDEWATER INC sustainable?
The dividend rating of TIDEWATER INC (TDW) is 0 / 10 and the dividend payout ratio is 0%.