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OII

Oceaneering InternationalNYSE:OII Stock Report

Market Cap

US$1.1b

7D

-11.1%

1Y

65.0%

Updated

30 Nov, 2021

Data

Company Financials +
OII fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

OII Stock Overview

Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide.

Rewards

Trading at 33.1% below our estimate of its fair value

Earnings are forecast to grow 185% per year

Risk Analysis

No risks detected for OII from our risk checks.

Oceaneering International Competitors

Baker Hughes

NYSE:BKR

US$24.2b

TechnipFMC

NYSE:FTI

US$2.6b

Liberty Oilfield Services

NYSE:LBRT

US$1.7b

Expro Group Holdings

NYSE:XPRO

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Oceaneering International
Historical stock prices
Current Share PriceUS$10.69
52 Week HighUS$18.20
52 Week LowUS$6.25
Beta3.3
1 Month Change-21.40%
3 Month Change-13.79%
1 Year Change64.97%
3 Year Change-35.17%
5 Year Change-61.50%
Change since IPO302.45%

Recent News & Updates

Oct 29
Does Oceaneering International (NYSE:OII) Have A Healthy Balance Sheet?

Does Oceaneering International (NYSE:OII) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Oct 08
Are Investors Undervaluing Oceaneering International, Inc. (NYSE:OII) By 24%?

Are Investors Undervaluing Oceaneering International, Inc. (NYSE:OII) By 24%?

In this article we are going to estimate the intrinsic value of Oceaneering International, Inc. ( NYSE:OII ) by taking...

Aug 05
Oceaneering International (NYSE:OII) Will Be Hoping To Turn Its Returns On Capital Around

Oceaneering International (NYSE:OII) Will Be Hoping To Turn Its Returns On Capital Around

When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...

Shareholder Returns

OIIUS Energy ServicesUS Market
7D-11.1%-6.5%-2.8%
1Y65.0%25.8%20.0%

Return vs Industry: OII exceeded the US Energy Services industry which returned 25.8% over the past year.

Return vs Market: OII exceeded the US Market which returned 20% over the past year.

Price Volatility

Is OII's price volatile compared to industry and market?
OII volatility
OII Average Weekly Movement8.3%
Energy Services Industry Average Movement7.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: OII is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: OII's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19648,300Rod Larsonhttps://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

How do Oceaneering International's earnings and revenue compare to its market cap?
OII fundamental statistics
Market CapUS$1.07b
Earnings (TTM)-US$35.49m
Revenue (TTM)US$1.83b

0.6x

P/S Ratio

-30.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OII income statement (TTM)
RevenueUS$1.83b
Cost of RevenueUS$1.60b
Gross ProfitUS$229.90m
ExpensesUS$265.40m
Earnings-US$35.49m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.36
Gross Margin12.58%
Net Profit Margin-1.94%
Debt/Equity Ratio134.8%

How did OII perform over the long term?

See historical performance and comparison

Valuation

Is Oceaneering International undervalued compared to its fair value and its price relative to the market?

33.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OII ($10.69) is trading below our estimate of fair value ($15.99)

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 (2x) 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?

185.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OII is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: OII is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OII's is expected to become profitable in the next 3 years.

Revenue vs Market: OII's revenue (7.4% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: OII's revenue (7.4% 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 (15.1%).


Past Performance

How has Oceaneering International performed over the past 5 years?

-48.1%

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 48.1% 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 (-3.2%).


Return on Equity

High ROE: OII has a negative Return on Equity (-6.46%), 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 ($451.2M).

Long Term Liabilities: OII's short term assets ($1.2B) exceed its long term liabilities ($981.6M).


Debt to Equity History and Analysis

Debt Level: OII's net debt to equity ratio (52%) is considered high.

Reducing Debt: OII's debt to equity ratio has increased from 51.1% to 134.8% 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 41.4% 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?

4.5yrs

Average management tenure


CEO

Rod Larson (54 yo)

4.5yrs

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 ($USD5.25M) is above average for companies of similar size in the US market ($USD2.29M).

Compensation vs Earnings: Rod's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: OII's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: OII's board of directors are considered experienced (4.5 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$1.067b
  • Shares outstanding: 99.80m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:53
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.