Tidewater (NYSE:TDW) - Share price, News & Analysis

TDW fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

TDW Stock Overview

Rewards

Earnings have grown 54.7% per year over the past 5 years

Risk Analysis

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Tidewater Competitors

Expro Group Holdings

NYSE:XPRO

US$1.6b

Oceaneering International

NYSE:OII

US$1.2b

Oil States International

NYSE:OIS

US$460.5m

Newpark Resources

NYSE:NR

US$406.4m

Price History & Performance

Summary of all time highs, changes and price drops for Tidewater
Historical stock prices
Current Share Price	US$26.81
52 Week High	US$28.01
52 Week Low	US$9.75
Beta	1.46
1 Month Change	37.98%
3 Month Change	81.52%
1 Year Change	98.89%
3 Year Change	22.03%
5 Year Change	n/a
Change since IPO	7.24%

Shareholder Returns

	TDW	US Energy Services	US Market
7D	5.0%	7.0%	1.0%
1Y	98.9%	42.5%	-15.1%

Return vs Industry: TDW exceeded the US Energy Services industry which returned 42.5% over the past year.

Return vs Market: TDW exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is TDW's price volatile compared to industry and market?
TDW volatility
TDW Average Weekly Movement	10.7%
Energy Services Industry Average Movement	9.1%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: TDW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: TDW's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1956	4,400	Quintin Kneen	https://www.tdw.com

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations.

Tidewater Fundamentals Summary

How do Tidewater's earnings and revenue compare to its market cap?
TDW fundamental statistics
Market Cap	US$1.12b
Earnings (TTM)	-US$105.82m
Revenue (TTM)	US$393.26m

2.9x

P/S Ratio

-10.6x

P/E Ratio

Is TDW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TDW income statement (TTM)
Revenue	US$393.26m
Cost of Revenue	US$270.83m
Gross Profit	US$122.43m
Other Expenses	US$228.25m
Earnings	-US$105.82m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-2.53
Gross Margin	31.13%
Net Profit Margin	-26.91%
Debt/Equity Ratio	24.4%

How did TDW perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.63x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TDW's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TDW's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: TDW is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US Energy Services industry average.

PE vs Market: TDW is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: TDW is overvalued based on its Price-To-Book Ratio (1.6x) compared to the US Energy Services industry average (1.4x).

Future Growth

How is Tidewater forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TDW's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if TDW's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TDW's revenue (5.8% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: TDW's revenue (5.8% 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 TDW's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Tidewater performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

54.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TDW is currently unprofitable.

Growing Profit Margin: TDW is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TDW is unprofitable, but has reduced losses over the past 5 years at a rate of 54.7% per year.

Accelerating Growth: Unable to compare TDW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TDW is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-1.8%).

Return on Equity

High ROE: TDW has a negative Return on Equity (-15.43%), as it is currently unprofitable.

Financial Health

How is Tidewater's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TDW's short term assets ($309.2M) exceed its short term liabilities ($125.5M).

Long Term Liabilities: TDW's short term assets ($309.2M) exceed its long term liabilities ($238.9M).

Debt to Equity History and Analysis

Debt Level: TDW's net debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: TDW's debt to equity ratio has reduced from 123.9% to 24.4% 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: TDW has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TDW has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 11.8% each year.

Dividend

What is Tidewater current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TDW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TDW'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 TDW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TDW's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: TDW is not paying a notable dividend for the US market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TDW has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure

CEO

Quintin Kneen (55 yo)

2.67yrs

Tenure

US$2,974,513

Compensation

Mr. Quintin V. Kneen serves as President, Chief Executive Officer and Director of Tidewater Inc. since September 3, 2019 and was its Interim Chief Financial Officer since November 15, 2018 until March 9, 2...

CEO Compensation Analysis

Compensation vs Market: Quintin's total compensation ($USD2.97M) is about average for companies of similar size in the US market ($USD3.95M).

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

Leadership Team

Experienced Management: TDW's management team is considered experienced (2.7 years average tenure).

Board Members

Experienced Board: TDW's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TDW insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31