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Helix Energy Solutions Group

NYSE:HLX
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLX
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The last earnings update was 81 days ago. More info.


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HLX Share Price and Events
7 Day Returns
-3.1%
NYSE:HLX
2.1%
US Energy Services
0.6%
US Market
1 Year Returns
-1.8%
NYSE:HLX
-39.2%
US Energy Services
4.7%
US Market
HLX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Helix Energy Solutions Group (HLX) -3.1% 15% 4.6% -1.8% 24.1% -65.3%
US Energy Services 2.1% 9.8% -14.8% -39.2% -47.7% -70.9%
US Market 0.6% 4.2% 2.7% 4.7% 38% 43.5%
1 Year Return vs Industry and Market
  • HLX outperformed the Energy Services industry which returned -39.2% over the past year.
  • HLX underperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
HLX
Industry
5yr Volatility vs Market

HLX Value

 Is Helix Energy Solutions Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Helix Energy Solutions Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Helix Energy Solutions Group.

NYSE:HLX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HLX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 21%) (54.21%))
1.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.365 * 5.96%)
10.87%

Discounted Cash Flow Calculation for NYSE:HLX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Helix Energy Solutions Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:HLX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.87%)
2020 151.58 Analyst x3 136.72
2021 166.00 Analyst x1 135.05
2022 177.92 Est @ 7.18% 130.56
2023 188.32 Est @ 5.84% 124.65
2024 197.57 Est @ 4.91% 117.95
2025 205.97 Est @ 4.26% 110.92
2026 213.80 Est @ 3.8% 103.84
2027 221.23 Est @ 3.48% 96.92
2028 228.43 Est @ 3.25% 90.27
2029 235.50 Est @ 3.1% 83.94
Present value of next 10 years cash flows $1,130.82
NYSE:HLX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $235.50 × (1 + 2.73%) ÷ (10.87% – 2.73%)
$2,973.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,973.16 ÷ (1 + 10.87%)10
$1,059.71
NYSE:HLX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,130.82 + $1,059.71
$2,190.52
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,190.52 / 148.79
$14.72
NYSE:HLX Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.72
Current discount Discount to share price of $8.38
= -1 x ($8.38 - $14.72) / $14.72
43.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Helix Energy Solutions Group is available for.
Intrinsic value
43%
Share price is $8.38 vs Future cash flow value of $14.72
Current Discount Checks
For Helix Energy Solutions Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Helix Energy Solutions Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Helix Energy Solutions Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Helix Energy Solutions Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Helix Energy Solutions Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HLX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.22
NYSE:HLX Share Price ** NYSE (2019-07-12) in USD $8.38
United States of America Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 20.51x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Helix Energy Solutions Group.

NYSE:HLX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HLX Share Price ÷ EPS (both in USD)

= 8.38 ÷ 0.22

38.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helix Energy Solutions Group is overvalued based on earnings compared to the US Energy Services industry average.
  • Helix Energy Solutions Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Helix Energy Solutions Group's expected growth come at a high price?
Raw Data
NYSE:HLX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
34.8%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NYSE:HLX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.23x ÷ 34.8%

1.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helix Energy Solutions Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Helix Energy Solutions Group's assets?
Raw Data
NYSE:HLX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.95
NYSE:HLX Share Price * NYSE (2019-07-12) in USD $8.38
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.85x
United States of America Market PB Ratio Median Figure of 5,239 Publicly-Listed Companies 1.81x
NYSE:HLX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HLX Share Price ÷ Book Value per Share (both in USD)

= 8.38 ÷ 10.95

0.76x

* Primary Listing of Helix Energy Solutions Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helix Energy Solutions Group is good value based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Helix Energy Solutions Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Helix Energy Solutions Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HLX Future Performance

 How is Helix Energy Solutions Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Helix Energy Solutions Group expected to grow at an attractive rate?
  • Helix Energy Solutions Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Helix Energy Solutions Group's earnings growth is expected to exceed the United States of America market average.
  • Helix Energy Solutions Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HLX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HLX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 34.8%
NYSE:HLX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.9%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HLX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HLX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 858 206 88 2
2020-12-31 827 196 64 6
2019-12-31 750 125 45 6
NYSE:HLX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 742 121 32
2018-12-31 740 197 28
2018-09-30 745 171 92
2018-06-30 695 124 68
2018-03-31 641 64 44
2017-12-31 581 52 30
2017-09-30 546 55 -75
2017-06-30 544 29 -66
2017-03-31 501 67 -70
2016-12-31 488 39 -81
2016-09-30 517 87 -431
2016-06-30 538 133 -432

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Helix Energy Solutions Group's earnings are expected to grow significantly at over 20% yearly.
  • Helix Energy Solutions Group's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HLX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Helix Energy Solutions Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HLX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.59 0.59 0.59 1.00
2020-12-31 0.41 0.47 0.34 5.00
2019-12-31 0.30 0.33 0.26 5.00
NYSE:HLX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.22
2018-12-31 0.19
2018-09-30 0.63
2018-06-30 0.46
2018-03-31 0.30
2017-12-31 0.20
2017-09-30 -0.54
2017-06-30 -0.50
2017-03-31 -0.58
2016-12-31 -0.73
2016-09-30 -3.98
2016-06-30 -4.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Helix Energy Solutions Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Helix Energy Solutions Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Helix Energy Solutions Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HLX Past Performance

  How has Helix Energy Solutions Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Helix Energy Solutions Group's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Helix Energy Solutions Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Helix Energy Solutions Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Helix Energy Solutions Group's 1-year earnings growth is negative, it can't be compared to the US Energy Services industry average.
Earnings and Revenue History
Helix Energy Solutions Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Helix Energy Solutions Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HLX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 742.38 32.20 72.17
2018-12-31 739.82 28.33 70.29
2018-09-30 744.73 92.16 69.71
2018-06-30 695.41 67.59 65.32
2018-03-31 641.12 43.55 60.52
2017-12-31 581.38 29.70 63.26
2017-09-30 546.15 -74.94 64.97
2017-06-30 544.13 -65.77 67.31
2017-03-31 501.07 -70.04 68.95
2016-12-31 487.58 -81.45 65.93
2016-09-30 517.23 -430.75 62.02
2016-06-30 538.45 -432.39 56.91
2016-03-31 597.20 -424.33 58.49
2015-12-31 695.80 -376.98 57.28
2015-09-30 745.28 34.66 65.66
2015-06-30 903.65 100.03 71.98
2015-03-31 1,043.23 160.12 84.75
2014-12-31 1,107.16 194.03 92.52
2014-09-30 1,126.83 222.33 86.84
2014-06-30 1,006.11 191.37 89.53
2014-03-31 932.70 160.93 81.04
2013-12-31 876.56 108.04 82.27
2013-09-30 851.42 -26.61 87.20
2013-06-30 848.41 -60.63 89.36
2013-03-31 813.70 -85.71 90.12
2012-12-31 846.11 -70.02 90.92
2012-09-30 343.99 -49.12 82.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Helix Energy Solutions Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Helix Energy Solutions Group used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • Helix Energy Solutions Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Helix Energy Solutions Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Helix Energy Solutions Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HLX Health

 How is Helix Energy Solutions Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Helix Energy Solutions Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Helix Energy Solutions Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Helix Energy Solutions Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Helix Energy Solutions Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Helix Energy Solutions Group Company Filings, last reported 3 months ago.

NYSE:HLX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,629.84 429.21 220.71
2018-12-31 1,617.78 440.32 280.32
2018-09-30 1,632.17 448.05 326.06
2018-06-30 1,602.39 459.00 289.37
2018-03-31 1,589.02 467.37 274.66
2017-12-31 1,567.39 495.63 266.90
2017-09-30 1,511.71 504.04 356.89
2017-06-30 1,497.64 515.64 390.44
2017-03-31 1,492.04 609.75 537.73
2016-12-31 1,281.81 626.72 356.65
2016-09-30 1,337.18 680.90 482.11
2016-06-30 1,265.19 714.30 492.19
2016-03-31 1,249.74 734.93 488.18
2015-12-31 1,278.96 750.81 494.19
2015-09-30 1,673.29 779.38 468.94
2015-06-30 1,675.33 796.45 500.06
2015-03-31 1,655.01 546.82 415.30
2014-12-31 1,653.47 551.93 476.49
2014-09-30 1,677.44 554.34 546.53
2014-06-30 1,621.92 559.53 501.46
2014-03-31 1,558.00 561.93 470.08
2013-12-31 1,524.11 566.90 478.20
2013-09-30 1,487.06 569.31 480.18
2013-06-30 1,425.80 548.59 513.53
2013-03-31 1,405.17 697.71 625.65
2012-12-31 1,419.41 1,019.75 437.10
2012-09-30 1,578.59 1,173.71 583.79
  • Helix Energy Solutions Group's level of debt (26.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (36% vs 26.3% today).
  • Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Helix Energy Solutions Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Helix Energy Solutions Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HLX Dividends

 What is Helix Energy Solutions Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Helix Energy Solutions Group dividends.
If you bought $2,000 of Helix Energy Solutions Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Helix Energy Solutions Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Helix Energy Solutions Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HLX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HLX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Helix Energy Solutions Group has not reported any payouts.
  • Unable to verify if Helix Energy Solutions Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Helix Energy Solutions Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Helix Energy Solutions Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Helix Energy Solutions Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Helix Energy Solutions Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Helix Energy Solutions Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HLX Management

 What is the CEO of Helix Energy Solutions Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Owen Kratz
COMPENSATION $5,804,792
AGE 64
TENURE AS CEO 11.4 years
CEO Bio

Mr. Owen E. Kratz has been the Chief Executive Officer and President of Helix Energy Solutions Group Inc. Since February 4, 2008. Mr. Kratz served as the Executive Chairman of Helix Energy Solutions Group Inc. since October 2006 until February 2008. Mr. Kratz served as the Chief Executive Officer of Helix Energy Solutions Group, Inc. from April 1997 to October 1, 2006. He served as the President of Helix from 1993 to February 1999 and Chief Operating Officer from 1990 to 1997. He joined Cal Dive International, Inc. (now known as Helix) in 1984 and has held various offshore positions, including saturation diving supervisor and has had management responsibility for client relations, marketing and estimating. From 1982 to 1983, he was the owner of an independent marine construction company operating in the Bay of Campeche. Prior to 1982, he served as a Superintendent for Santa Fe and various International Diving Companies and a saturation diver in the North Sea. He served as the Chairman of Helix Energy Solutions Group Inc. from May 1998 till July 2017. From February 2006 to December 2011, Mr. Kratz was a member of the Board of Directors of Cal Dive International, Inc., a publicly traded company, which was formerly a subsidiary of Helix. He has been a Director of Helix Energy Solutions Group Inc., since 1990. He serves as a Director of Well Ops Inc. Mr. Kratz has a Bachelor of Science degree in Biology and Chemistry from the State University of New York at Stony Brook.

CEO Compensation
  • Owen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Owen's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Helix Energy Solutions Group management team in years:

2.1
Average Tenure
47
Average Age
  • The tenure for the Helix Energy Solutions Group management team is about average.
Management Team

Owen Kratz

TITLE
President
COMPENSATION
$6M
AGE
64
TENURE
11.4 yrs

Jan Rask

TITLE
Director
COMPENSATION
$306K
AGE
63
TENURE
0.9 yrs

Erik Staffeldt

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
47
TENURE
2.1 yrs

Scotty Sparks

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
45

Ken Neikirk

TITLE
Senior VP
AGE
44
TENURE
0.2 yrs

Terrence Jamerson

TITLE
Vice President of Production Facilities
TENURE
4.1 yrs

Erik Heymann

TITLE
Deputy General Counsel & Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Helix Energy Solutions Group board of directors in years:

10.4
Average Tenure
64
Average Age
  • The average tenure for the Helix Energy Solutions Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bill Transier

TITLE
Chairman of the Board
COMPENSATION
$490K
AGE
64
TENURE
2 yrs

Owen Kratz

TITLE
President
COMPENSATION
$6M
AGE
64
TENURE
29.5 yrs

Jan Rask

TITLE
Director
COMPENSATION
$306K
AGE
63
TENURE
6.9 yrs

Jim Watt

TITLE
Director
COMPENSATION
$281K
AGE
69
TENURE
13 yrs

Nancy Quinn

TITLE
Director
COMPENSATION
$281K
AGE
66
TENURE
10.4 yrs

John Lovoi

TITLE
Director
COMPENSATION
$300K
AGE
58
TENURE
16.4 yrs

Amerino Gatti

TITLE
Director
COMPENSATION
$93K
AGE
48
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Oct 18 Sell William Transier Individual 28. Sep 18 28. Sep 18 -17,300 $9.84 $-170,232
27. Sep 18 Sell William Transier Individual 25. Sep 18 25. Sep 18 -32,700 $9.69 $-316,863
27. Sep 18 Sell Alisa Johnson Individual 25. Sep 18 25. Sep 18 -15,244 $9.85 $-150,153
21. Sep 18 Sell Owen Kratz Individual 19. Sep 18 21. Sep 18 -653,468 $9.79 $-6,367,152
21. Sep 18 Sell Scott Sparks Individual 20. Sep 18 20. Sep 18 -10,000 $9.82 $-98,200
21. Sep 18 Sell Nancy Quinn Individual 20. Sep 18 20. Sep 18 -13,340 $9.74 $-129,932
02. Aug 18 Sell Owen Kratz Individual 31. Jul 18 01. Aug 18 -271,532 $10.15 $-2,740,750
X
Management checks
We assess Helix Energy Solutions Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Helix Energy Solutions Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HLX News

Simply Wall St News

Is There An Opportunity With Helix Energy Solutions Group, Inc.'s (NYSE:HLX) 49% Undervaluation?

(NYSE:HLX) by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $4.76 $149.58 $173.00 $192.01 $208.36 $222.48 $234.85 $245.92 $256.05 $265.53 Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x1 Est @ 10.99% Est @ 8.51% Est @ 6.78% Est @ 5.56% Est @ 4.71% Est @ 4.12% Est @ 3.7% Present Value ($, Millions) Discounted @ 10.7% $4.30 $122.06 $127.53 $127.86 $125.34 $120.90 $115.29 $109.05 $102.57 $96.09 Present Value of 10-year Cash Flow (PVCF)= $1.05b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$266m × (1 + 2.7%) ÷ (10.7% – 2.7%) = US$3.4b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$3.4b ÷ ( 1 + 10.7%)10 = $1.24b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $2.29b.

Simply Wall St -

Should You Worry About Helix Energy Solutions Group, Inc.'s (NYSE:HLX) CEO Salary Level?

In 2008 Owen Kratz was appointed CEO of Helix Energy Solutions Group, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Owen Kratz's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Investors Who Bought Helix Energy Solutions Group (NYSE:HLX) Shares Five Years Ago Are Now Down 65%

While it may not be enough for some shareholders, we think it is good to see the Helix Energy Solutions Group, Inc. … View our latest analysis for Helix Energy Solutions Group. … During five years of share price growth, Helix Energy Solutions Group moved from a loss to profitability.

Simply Wall St -

Have Insiders Been Selling Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares This Year?

So before you buy or sell Helix Energy Solutions Group, Inc. … Helix Energy Solutions Group Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Helix Energy Solutions Group shares, than buying

Simply Wall St -

What You Must Know About Helix Energy Solutions Group, Inc.'s (NYSE:HLX) Financial Strength

While small-cap stocks, such as Helix Energy Solutions Group, Inc. … (NYSE:HLX) with its market cap of US$1.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Energy Services companies,.

Simply Wall St -

Don't Sell Helix Energy Solutions Group, Inc. (NYSE:HLX) Before You Read This

We'll look at Helix Energy Solutions Group, Inc.'s (NYSE:HLX) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Helix Energy Solutions Group's P/E ratio is 35.04. … View our latest analysis for Helix Energy Solutions Group?

Simply Wall St -

Should You Worry About Helix Energy Solutions Group, Inc.'s (NYSE:HLX) CEO Pay?

Owen Kratz became the CEO of Helix Energy Solutions Group, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Owen Kratz's Compensation Compare With Similar Sized Companies.

Simply Wall St -

How Financially Strong Is Helix Energy Solutions Group Inc (NYSE:HLX)?

Investors are always looking for growth in small-cap stocks like Helix Energy Solutions Group Inc (NYSE:HLX), with a market cap of US$1.1b. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Energy Services industry,.

Simply Wall St -

Is Helix Energy Solutions Group Inc's (NYSE:HLX) PE Ratio A Signal To Sell For Investors?

Helix Energy Solutions Group Inc (NYSE:HLX) is currently trading at a trailing P/E of 22.2, which is higher than the industry average of 20.7. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … See our latest analysis for Helix Energy Solutions Group

Simply Wall St -

How Should Investors React To Helix Energy Solutions Group Inc's (NYSE:HLX) CEO Pay?

Leading Helix Energy Solutions Group Inc (NYSE:HLX) as the CEO, Owen Kratz took the company to a valuation of US$1.40b. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

HLX Company Info

Description

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. The company engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction and well intervention services. It also offers intervention engineering; production enhancement; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and life of field support services. In addition, the company provides reclamation and remediation services; well plugging and abandonment services; pipeline abandonment services; and site inspections. Further, it engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. Additionally, the company offers oil and natural gas processing facilities and services to oil and gas companies; and fast response system services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, alternative energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

Details
Name: Helix Energy Solutions Group, Inc.
HLX
Exchange: NYSE
Founded: 1979
$1,246,884,803
148,792,936
Website: http://www.helixesg.com
Address: Helix Energy Solutions Group, Inc.
3505 West Sam Houston Parkway North,
Suite 400,
Houston,
Texas, 77043,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HLX Common Stock New York Stock Exchange US USD 01. Jul 1997
DB CTV Common Stock Deutsche Boerse AG DE EUR 01. Jul 1997
Number of employees
Current staff
Staff numbers
1,546
Helix Energy Solutions Group employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/14 23:59
End of day share price update: 2019/07/12 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.