Helix Energy Solutions Group
Market Cap
US$1.3b
Last Updated
2020/02/17 00:14 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Helix Energy Solutions Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HLX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.6%
HLX
-0.09%
US Energy Services
1.8%
US Market
1 Year Return
20.1%
HLX
-30.5%
US Energy Services
20.1%
US Market
Return vs Industry: HLX exceeded the US Energy Services industry which returned -30.5% over the past year.
Return vs Market: HLX matched the US Market which returned 20.1% over the past year.
Shareholder returns
| HLX | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | -0.09% | 1.8% |
| 30 Day | -0.8% | -10.2% | 1.4% |
| 90 Day | 7.8% | -0.5% | 8.8% |
| 1 Year | 20.1%20.1% | -28.2%-30.5% | 22.7%20.1% |
| 3 Year | 19.3%19.3% | -54.4%-60.3% | 50.1%40.4% |
| 5 Year | -43.4%-43.4% | -57.7%-64.7% | 72.9%53.9% |
Price Volatility Vs. Market
How volatile is Helix Energy Solutions Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Be Tempted To Sell Helix Energy Solutions Group, Inc. (NYSE:HLX) Because Of Its P/E Ratio?3 weeks ago | Simply Wall St
Who Has Been Selling Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares?1 month ago | Simply Wall St
An Intrinsic Calculation For Helix Energy Solutions Group, Inc. (NYSE:HLX) Suggests It's 25% UndervaluedValuation
Is Helix Energy Solutions Group undervalued compared to its fair value and its price relative to the market?
23.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HLX ($8.84) is trading below our estimate of fair value ($11.62)
Significantly Below Fair Value: HLX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HLX is poor value based on its PE Ratio (36.4x) compared to the Energy Services industry average (14.6x).
PE vs Market: HLX is poor value based on its PE Ratio (36.4x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: HLX is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: HLX is overvalued based on its PB Ratio (0.8x) compared to the US Energy Services industry average (0.6x).
Next Steps
Future Growth
How is Helix Energy Solutions Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
15.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HLX's forecast earnings growth (15.5% per year) is above the savings rate (1.7%).
Earnings vs Market: HLX's earnings (15.5% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: HLX's earnings are forecast to grow, but not significantly.
Revenue vs Market: HLX's revenue (4.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HLX's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HLX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Helix Energy Solutions Group performed over the past 5 years?
6.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HLX has high quality earnings.
Growing Profit Margin: HLX's current net profit margins (4.8%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: HLX has become profitable over the past 5 years, growing earnings by 6.1% per year.
Accelerating Growth: HLX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HLX had negative earnings growth (-61.2%) over the past year, making it difficult to compare to the Energy Services industry average (-32.9%).
Return on Equity
High ROE: HLX's Return on Equity (2.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Helix Energy Solutions Group's financial position?
Financial Position Analysis
Short Term Liabilities: HLX's short term assets ($512.3M) exceed its short term liabilities ($312.4M).
Long Term Liabilities: HLX's short term assets ($512.3M) do not cover its long term liabilities ($618.8M).
Debt to Equity History and Analysis
Debt Level: HLX's debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: HLX's debt to equity ratio has reduced from 33.1% to 24.6% over the past 5 years.
Balance Sheet
Inventory Level: HLX has a high level of physical assets or inventory.
Debt Coverage by Assets: HLX's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HLX is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: HLX is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Helix Energy Solutions Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HLX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HLX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HLX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HLX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HLX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Owen Kratz (64yo)
12yrs
Tenure
US$5,804,792
Compensation
Mr. Owen E. Kratz has been the Chief Executive Officer and President of Helix Energy Solutions Group Inc. Since February 4, 2008. Mr. Kratz served as the Executive Chairman of Helix Energy Solutions Group ...
CEO Compensation Analysis
Compensation vs Market: Owen's total compensation ($USD5.80M) is above average for companies of similar size in the US market ($USD3.76M).
Compensation vs Earnings: Owen's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12yrs | US$5.80m | 4.61% $60.7m | |
| Executive VP & CFO | 2.7yrs | US$1.73m | 0.14% $1.9m | |
| Executive VP & COO | 0yrs | US$2.12m | 0.24% $3.2m | |
| Senior VP | 0.8yrs | no data | 0.056% $735.0k | |
| Vice President of Production Facilities | 4.7yrs | no data | no data | |
| Deputy General Counsel & Assistant Secretary | 0yrs | no data | no data |
3.7yrs
Average Tenure
46yo
Average Age
Experienced Management: HLX's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12yrs | US$5.80m | 4.61% $60.7m | |
| Independent Director | 7.5yrs | US$305.63k | 0.16% $2.1m | |
| Independent Director | 13.6yrs | US$280.75k | 0.12% $1.6m | |
| Chairman of the Board | 2.6yrs | US$490.15k | 0.075% $981.6k | |
| Independent Director | 11yrs | US$281.00k | 0.075% $987.0k | |
| Director | 0.5yrs | no data | 0.016% $208.5k | |
| Independent Director | 17yrs | US$299.69k | 0.18% $2.3m | |
| Independent Director | 1.5yrs | US$92.59k | 0.023% $297.0k |
9.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HLX's board of directors are considered experienced (9.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HLX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Helix Energy Solutions Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Helix Energy Solutions Group, Inc.
- Ticker: HLX
- Exchange: NYSE
- Founded: 1979
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$1.315b
- Shares outstanding: 148.81m
- Website: https://www.helixesg.com
Number of Employees
Location
- Helix Energy Solutions Group, Inc.
- 3505 West Sam Houston Parkway North
- Suite 400
- Houston
- Texas
- 77043
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HLX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1997 |
| CTV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1997 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:14 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.