NETI Stock Overview
Eneti Inc. focuses on marine-based renewable energy through the installation of offshore commercial wind turbine generators. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for NETI from our risk checks.
My Notes
Capture your thoughts, links and company narrative
Eneti Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.33 |
| 52 Week High | US$13.54 |
| 52 Week Low | US$7.75 |
| Beta | 1.14 |
| 1 Month Change | 4.42% |
| 3 Month Change | 12.40% |
| 1 Year Change | 12.74% |
| 3 Year Change | -33.08% |
| 5 Year Change | -81.15% |
| Change since IPO | -99.01% |
Recent News & Updates
Recent updates
Eneti: The Merger Looks Good, But The Offshore Wind Market Does Not
Oct 02Strong Strategic Rationale Behind Eneti's Proposed Combination With Cadeler - Buy
Jun 16Returns Are Gaining Momentum At Eneti (NYSE:NETI)
Apr 14
Eneti Inc. (NYSE:NETI) Analysts Just Cut Their EPS Forecasts
Feb 12Eneti Q4 2022 Earnings Preview
Feb 08Eneti announces contract awards for its Seajacks UK unit
Jan 24Eneti: Still Cheap, Although The Low-Hanging Fruit Is Gone
Jan 03Eneti: Set For Solid Growth Over The Next Few Years
Dec 16Eneti (NYSE:NETI) Shareholders Will Want The ROCE Trajectory To Continue
Nov 11Eneti Q3 2022 Earnings Preview
Nov 07Eneti: Scorpio Tankers Stake Sale Supports Further Share Buybacks
Sep 27Eneti repurchases stock from INCJ for $17M
Aug 31Need To Know: Analysts Are Much More Bullish On Eneti Inc. (NYSE:NETI)
Aug 06Eneti declares $0.01 dividend
Aug 03Eneti's related party purchases 153.8K shares in open market
Jul 12We Think Eneti (NYSE:NETI) Has A Fair Chunk Of Debt
Jul 05Eneti announces share purchases by Scorpio
Jul 01Eneti: Buy On Discounted Valuation, Improved Outlook, And Near-Term Catalysts
May 26Need To Know: Analysts Are Much More Bullish On Eneti Inc. (NYSE:NETI) Revenues
May 15Eneti: Discounted Play In Renewable Energy Markets
Mar 30Analysts Just Slashed Their Eneti Inc. (NYSE:NETI) Earnings Forecasts
Feb 24Eneti: New All-Time Lows After Weak Q4 Results And Conference Call
Feb 24Industry Analysts Just Made A Substantial Upgrade To Their Eneti Inc. (NYSE:NETI) Revenue Forecasts
Jan 23What Does The Future Hold For Eneti Inc. (NYSE:NETI)? These Analysts Have Been Cutting Their Estimates
Dec 16Eneti - Bargain ESG Play Hampered By Limited Visibility And Management Concerns
Dec 13Eneti: After The Share Offering
Nov 17Returns At Eneti (NYSE:NETI) Are On The Way Up
Oct 28New Forecasts: Here's What Analysts Think The Future Holds For Eneti Inc. (NYSE:NETI)
Aug 08Eneti: Attractive Risk/Reward Due To Business Transition
Jul 20Shareholder Returns
| NETI | US Construction | US Market | |
|---|---|---|---|
| 7D | 0.09% | -5.4% | -3.5% |
| 1Y | 12.7% | 50.2% | 22.1% |
Return vs Industry: NETI underperformed the US Construction industry which returned 24.6% over the past year.
Return vs Market: NETI underperformed the US Market which returned 24.3% over the past year.
Price Volatility
| NETI volatility | |
|---|---|
| NETI Average Weekly Movement | 5.9% |
| Construction Industry Average Movement | 6.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: NETI has not had significant price volatility in the past 3 months.
Volatility Over Time: NETI's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 286 | Emanuele Lauro | www.eneti-inc.com |
Eneti Inc. focuses on marine-based renewable energy through the installation of offshore commercial wind turbine generators. It has a fleet of five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and changed its name to Eneti Inc. in February 2021.
Eneti Inc. Fundamentals Summary
| NETI fundamental statistics | |
|---|---|
| Market cap | US$415.00m |
| Earnings (TTM) | -US$36.54m |
| Revenue (TTM) | US$152.46m |
2.7x
P/S Ratio-11.4x
P/E RatioIs NETI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NETI income statement (TTM) | |
|---|---|
| Revenue | US$152.46m |
| Cost of Revenue | US$78.87m |
| Gross Profit | US$73.59m |
| Other Expenses | US$110.13m |
| Earnings | -US$36.54m |
Last Reported Earnings
Sep 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.00 |
| Gross Margin | 48.27% |
| Net Profit Margin | -23.97% |
| Debt/Equity Ratio | 8.2% |
How did NETI perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield-4%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/30 09:13 |
| End of Day Share Price | 2023/12/28 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Eneti Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Liam Burke | B. Riley Securities, Inc. |
| John Lowe | Citigroup Inc |
| Scott Gruber | Citigroup Inc |