Oceaneering International
Market Cap
US$1.2b
Last Updated
2020/02/26 00:10 UTC
Data Sources
Company Financials +
Executive Summary
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide.
Risk Analysis
Snowflake Analysis
Imperfect balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Oceaneering International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OII's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-17.0%
OII
-8.1%
US Energy Services
-4.2%
US Market
1 Year Return
-29.2%
OII
-36.2%
US Energy Services
14.0%
US Market
Return vs Industry: OII exceeded the US Energy Services industry which returned -36.2% over the past year.
Return vs Market: OII underperformed the US Market which returned 14% over the past year.
Shareholder returns
| OII | Industry | Market | |
|---|---|---|---|
| 7 Day | -17.0% | -8.1% | -4.2% |
| 30 Day | -12.3% | -13.1% | -1.8% |
| 90 Day | -19.3% | -13.2% | 2.6% |
| 1 Year | -29.2%-29.2% | -34.2%-36.2% | 16.3%14.0% |
| 3 Year | -61.7%-62.1% | -58.2%-63.7% | 43.2%34.0% |
| 5 Year | -77.9%-79.4% | -60.5%-67.2% | 65.9%47.6% |
Price Volatility Vs. Market
How volatile is Oceaneering International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
How Should Investors React To Oceaneering International, Inc.'s (NYSE:OII) CEO Pay?1 month ago | Simply Wall St
Oceaneering International (NYSE:OII) Is Carrying A Fair Bit Of Debt2 months ago | Simply Wall St
If You Had Bought Oceaneering International (NYSE:OII) Stock Five Years Ago, You'd Be Sitting On A 77% Loss, TodayValuation
Is Oceaneering International undervalued compared to its fair value and its price relative to the market?
1.02x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: OII ($11.92) is trading above our estimate of fair value ($8.57)
Significantly Below Fair Value: OII is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OII is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: OII is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OII's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OII is overvalued based on its PB Ratio (0.9x) compared to the US Energy Services industry average (0.6x).
Next Steps
Future Growth
How is Oceaneering International forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
87.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OII is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: OII is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: OII is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: OII's revenue (4.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: OII's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OII is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Oceaneering International performed over the past 5 years?
-70.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OII is currently unprofitable.
Growing Profit Margin: OII is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OII is unprofitable, and losses have increased over the past 5 years at a rate of -66% per year.
Accelerating Growth: Unable to compare OII's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OII is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-32.9%).
Return on Equity
High ROE: OII has a negative Return on Equity (-11.49%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Oceaneering International's financial position?
Financial Position Analysis
Short Term Liabilities: OII's short term assets ($1.2B) exceed its short term liabilities ($510.4M).
Long Term Liabilities: OII's short term assets ($1.2B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: OII's debt to equity ratio (61.4%) is considered high.
Reducing Debt: OII's debt to equity ratio has increased from 12.7% to 61.4% over the past 5 years.
Balance Sheet
Inventory Level: OII has a high level of physical assets or inventory.
Debt Coverage by Assets: OII's debt is covered by short term assets (assets are 1.5x 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: OII has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: OII has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Oceaneering International's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate OII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate OII'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 OII's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OII's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: OII is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OII'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?
2.8yrs
Average management tenure
CEO
Rod Larson (52yo)
2.8yrs
Tenure
US$2,625,089
Compensation
Mr. Roderick A. Larson, also known as Rod, has been the President and Chief Executive Officer of Oceaneering International, Inc. since February 19, 2015 and May 5, 2017 respectively. Mr. Larson has been Pr ...
CEO Compensation Analysis
Compensation vs Market: Rod's total compensation ($USD2.63M) is about average for companies of similar size in the US market ($USD2.52M).
Compensation vs Earnings: Rod's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$2.63m | 0.048% $570.5k | |
| Senior VP & CFO | 4.5yrs | US$915.84k | 0.027% $323.1k | |
| Senior VP | 8.1yrs | US$801.12k | 0.022% $263.7k | |
| Senior Vice President of Asset Integrity & Business Development | 4.6yrs | US$749.20k | 0.021% $247.1k | |
| Chief Operating Officer | 0.7yrs | no data | 0.11% $1.3m | |
| VP & Chief Accounting Officer | 0.9yrs | no data | 0.015% $180.0k | |
| Vice President of Corporate Development & Investor Relations | 1.3yrs | no data | no data | |
| VP & Chief Human Resources Officer | 1.8yrs | no data | no data | |
| Senior Vice President | 4.2yrs | US$3.70m | no data | |
| Senior Vice President of Growth Strategies | 0yrs | no data | no data |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Management: OII's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$2.63m | 0.048% $570.5k | |
| Independent Director | 18.1yrs | US$225.26k | 0.032% $372.9k | |
| Independent Director | 8.8yrs | US$225.48k | 0.25% $2.9m | |
| Independent Director | 7.5yrs | US$246.54k | 0.033% $388.4k | |
| Independent Director | 4.9yrs | US$234.40k | 0.033% $388.4k | |
| Non Executive Chairman | 29.5yrs | US$340.86k | 0.13% $1.5m | |
| Independent Director | 3.7yrs | US$239.54k | 0.029% $340.7k | |
| Independent Director | 3.3yrs | US$215.86k | 0.029% $340.7k | |
| Independent Director | 2yrs | US$228.21k | 0.019% $221.6k |
4.9yrs
Average Tenure
66yo
Average Age
Experienced Board: OII's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Oceaneering International, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oceaneering International, Inc.
- Ticker: OII
- Exchange: NYSE
- Founded: 1964
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$1.179b
- Shares outstanding: 98.93m
- Website: https://www.oceaneering.com
Number of Employees
Location
- Oceaneering International, Inc.
- 11911 FM 529
- Houston
- Texas
- 77041
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OII | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1975 |
| OII | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1975 |
| 0KAN | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 1975 |
Biography
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. As of December 31, 2018, this segment owned 275 work-class ROVs. The company’s Subsea Products segment constructs various specialty subsea hardware products, including subsea umbilicals utilizing steel tubes, thermoplastic hoses, and termination assemblies; tooling, ROV tooling, and subsea work packages; production control equipment; installation and workover control systems; clamp connectors; pipeline connector and repair systems; subsea and topside control valves; and subsea chemical injection valves, as well as offers riserless light well intervention services. Its Subsea Projects segment performs subsea oilfield hardware installation and inspection, maintenance, and repair services; serves shallow water projects; and performs subsea intervention and hardware installation services, such as subsea well tie-backs, pipeline/flow line tie-ins and repairs, pipeline crossing, and umbilical and other subsea equipment installations, and subsea intervention services. The company’s Asset Integrity segment offers asset integrity services for the safety of customers’ facilities onshore and offshore; third-party inspections to customers in the oil and gas, petrochemical, and power generation industries; and first-pass integrity evaluation and assessment, and nondestructive testing services. Its Advanced Technologies segment provides project management, engineering services, and equipment for applications in non-energy industries. The company was founded in 1964 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 00:10 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.