NYSE:OII

Stock Analysis Report

Oceaneering International

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.

Snowflake

Fundamentals

Reasonable growth potential and slightly overvalued.


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


Market Performance


7 Day Return

9.2%

OII

1.4%

US Energy Services

0.6%

US Market


1 Year Return

-43.6%

OII

-46.7%

US Energy Services

6.2%

US Market

Return vs Industry: OII exceeded the US Energy Services industry which returned -46.7% over the past year.

Return vs Market: OII underperformed the US Market which returned 6.2% over the past year.


Share holder returns

OIIIndustryMarket
7 Day9.2%1.4%0.6%
30 Day-3.6%-9.9%-1.8%
90 Day-25.2%-18.7%-2.0%
1 Year-43.6%-43.6%-45.2%-46.7%8.6%6.2%
3 Year-46.9%-48.1%-52.9%-58.7%45.7%36.3%
5 Year-75.4%-77.3%-64.2%-69.6%68.5%50.0%

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

Valuation

Is Oceaneering International undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: OII ($14.24) is trading below our estimate of fair value ($39.87)

Significantly Undervalued: OII is trading below fair value by more than 20%.


Price Based on Earnings

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 Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate OII's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: OII is overvalued based on its PB Ratio (1x) compared to the US Energy Services industry average (0.7x).


Next Steps

Future Growth

How is Oceaneering International expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

82.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: OII is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

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

High Growth Earnings: OII's loss is forecast to worsen by 0% next year.

Revenue vs Market: OII's revenue (7.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: OII's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: OII's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Oceaneering International performed over the past 5 years?

-62.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OII is unprofitable, and losses have increased over the past 5 years at a rate of -62.4% 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 (-13.1%).


Return on Equity

High ROE: OII has a negative Return on Equity (-13.99%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: OII is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: OII is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Oceaneering International's financial position?


Financial Position Analysis

Short Term Liabilities: OII's short term assets ($1.2B) exceeds its short term liabilities ($491.0M)

Long Term Liabilities: OII's short term assets ($1.2B) exceeds its long term liabilities ($1.1B)


Debt to Equity History and Analysis

Debt Level: OII's debt to equity ratio (58.5%) is considered high

Reducing Debt: OII's debt to equity ratio has increased from 3.8% to 58.5% over the past 5 years.

Debt Coverage: OII's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: Insufficient data to determine if OII's interest payments on its debt are well covered by EBIT.


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 1.502180x debt).


Next Steps

Dividend

What is Oceaneering International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage3.2%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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 .


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

What is the CEO of Oceaneering International's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Rod Larson (52yo)

2.4yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

2.4yrs

Average Tenure

59yo

Average Age

Experienced Management: OII's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

66yo

Average Age

Experienced Board: OII's board of directors are considered experienced (4.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$54,77021 Jun 19
Witland LeBlanc
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares2,879
Max PriceUS$19.02
BuyUS$29,98728 Dec 18
David Lawrence
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares2,500
Max PriceUS$11.99
BuyUS$56,70021 Dec 18
Roderick Larson
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$11.34
BuyUS$57,50021 Dec 18
Alan Curtis
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares5,000
Max PriceUS$11.50

Ownership Breakdown


Management Team

  • Marvin Migura (68yo)

    Senior Vice President

    • Tenure: 3.8yrs
    • Compensation: US$3.70m
  • John Kreider (67yo)

    Senior Vice President of Growth Strategies

    • Tenure: 0yrs
  • Witland LeBlanc

    VP & Chief Accounting Officer

    • Tenure: 0.6yrs
  • David Lawrence (59yo)

    Senior VP

    • Tenure: 7.8yrs
    • Compensation: US$801.12k
  • Rod Larson (52yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$2.63m
  • Mark Peterson

    Vice President of Corporate Development & Investor Relations

    • Tenure: 0.9yrs
  • Chuck Davison (50yo)

    Chief Operating Officer

    • Tenure: 0.3yrs
  • Alan Curtis (53yo)

    Senior VP & CFO

    • Tenure: 4.2yrs
    • Compensation: US$915.84k
  • Steve Barrett (61yo)

    Senior Vice President of Business Development

    • Tenure: 4.3yrs
    • Compensation: US$749.20k
  • Holly Kriendler

    VP & Chief Human Resources Officer

    • Tenure: 1.4yrs

Board Members

  • T. Collins (72yo)

    Director

    • Tenure: 17.8yrs
    • Compensation: US$225.26k
  • M. McEvoy (68yo)

    Director

    • Tenure: 8.4yrs
    • Compensation: US$225.48k
  • Paul Murphy (59yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: US$246.54k
  • Steve Webster (68yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$234.40k
  • John Huff (73yo)

    Non Executive Chairman

    • Tenure: 29.2yrs
    • Compensation: US$340.86k
  • William Berry (66yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$239.54k
  • Jon Erik Reinhardsen (63yo)

    Director

    • Tenure: 3yrs
    • Compensation: US$215.86k
  • Rod Larson (52yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$2.63m
  • Deanna Goodwin (54yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$228.21k

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$1.409b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OIINYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1975
OIIDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1975
0KANLSE (London Stock Exchange)YesCommon StockGBUSDNov 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 00:07
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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