| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
OII Overview
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide.
Oceaneering International Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.75 |
| 52 Week High | US$3.31 |
| 52 Week Low | US$18.20 |
| Beta | 3.54 |
| 1 Month Change | 8.01% |
| 3 Month Change | -12.53% |
| 1 Year Change | 273.64% |
| 3 Year Change | -49.52% |
| 5 Year Change | -49.21% |
| Change since IPO | 417.65% |
Recent News & Updates
Shareholder Returns
| OII | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 14.5% | 2.2% | 0.1% |
| 1Y | 273.6% | 81.7% | 35.3% |
Return vs Industry: OII exceeded the US Energy Services industry which returned 81.7% over the past year.
Return vs Market: OII exceeded the US Market which returned 35.3% over the past year.
Price Volatility
| OII volatility | |
|---|---|
| OII Beta | 3.54 |
| Industry Beta | 2.41 |
| Market Beta | 1 |
Stable Share Price: OII is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: OII's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | 8,300 | Rod Larson | https://www.oceaneering.com |
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company’s Subsea Robotics segment provides remotely operated vehicles (ROVs) to customers in the energy industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. As of December 31, 2020, this segment owned 250 work-class ROVs.
Oceaneering International Fundamentals Summary
| OII fundamental statistics | |
|---|---|
| Market Cap | US$1.37b |
| Earnings (TTM) | -US$107.49m |
| Revenue (TTM) | US$1.80b |
0.8x
P/S Ratio-12.8x
P/E RatioIs OII overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OII income statement (TTM) | |
|---|---|
| Revenue | US$1.80b |
| Cost of Revenue | US$1.60b |
| Gross Profit | US$199.71m |
| Expenses | US$307.20m |
| Earnings | -US$107.49m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.08 |
| Gross Margin | 11.10% |
| Net Profit Margin | -5.97% |
| Debt/Equity Ratio | 137.4% |
How did OII perform over the long term?
See historical performance and comparisonValuation
Is Oceaneering International undervalued compared to its fair value and its price relative to the market?
18.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OII ($12.95) is trading below our estimate of fair value ($16.88)
Significantly Below Fair Value: OII is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OII is unprofitable, so we can't compare its PE Ratio to the US 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 (2.3x) compared to the US Energy Services industry average (1x).
Future Growth
How is Oceaneering International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
143.6%
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 (7.2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: OII's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OII's Return on Equity is forecast to be low in 3 years time (13.8%).
Past Performance
How has Oceaneering International performed over the past 5 years?
-57.8%
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 57.8% 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 (-49.7%).
Return on Equity
High ROE: OII has a negative Return on Equity (-19.1%), as it is currently unprofitable.
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 ($479.5M).
Long Term Liabilities: OII's short term assets ($1.2B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: OII's debt to equity ratio (137.4%) is considered high.
Reducing Debt: OII's debt to equity ratio has increased from 50.4% to 137.4% over the past 5 years.
Balance Sheet
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: Whilst unprofitable OII has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OII is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 45.9% per year.
Dividend
What is Oceaneering International current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OII's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?
4.3yrs
Average management tenure
CEO
Rod Larson (54 yo)
4.33yrs
Tenure
US$5,251,749
Compensation
Mr. Roderick A. Larson, also known as Rod, has been the President and Chief Executive Officer of Oceaneering International, Inc. since February 19, 2015 and May 5, 2017 respectively. Mr. Larson has been Pr...
CEO Compensation Analysis
Compensation vs Market: Rod's total compensation ($USD5.25M) is above average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Rod's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: OII's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: OII's board of directors are considered experienced (4.3 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 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$1.372b
- Shares outstanding: 99.75m
- Website: https://www.oceaneering.com
Number of Employees
Location
- Oceaneering International, Inc.
- 11911 FM 529
- Houston
- Texas
- 77041
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 22:54 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.