NYSE:TDW

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Tidewater's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TDW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

TDW

-0.1%

US Energy Services

-1.1%

US Market


1 Year Return

-63.7%

TDW

-53.0%

US Energy Services

15.6%

US Market

Return vs Industry: TDW underperformed the US Energy Services industry which returned -51.7% over the past year.

Return vs Market: TDW underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

TDWIndustryMarket
7 Day0.8%-0.1%-1.1%
30 Day-2.4%0.8%4.2%
90 Day-3.1%-18.3%6.3%
1 Year-63.7%-63.7%-51.5%-53.0%18.2%15.6%
3 Year-77.2%-77.2%-70.6%-73.0%39.6%30.4%
5 Yearn/a-73.2%-78.0%79.5%59.2%

Price Volatility Vs. Market

How volatile is Tidewater's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TDW's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TDW's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: TDW 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 TDW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TDW is good value based on its PB Ratio (0.3x) compared to the US Energy Services industry average (0.5x).


Next Steps

Future Growth

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

77.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDW is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TDW is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TDW is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TDW's revenue is expected to decline over the next 3 years (-5.1% per year).

High Growth Revenue: TDW's revenue is forecast to decline over the next 3 years (-5.1% 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


Next Steps

Past Performance

How has Tidewater performed over the past 5 years?

4.1%

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 4.1% 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 (-59.5%).


Return on Equity

High ROE: TDW has a negative Return on Equity (-26.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tidewater's financial position?


Financial Position Analysis

Short Term Liabilities: TDW's short term assets ($473.8M) exceed its short term liabilities ($162.2M).

Long Term Liabilities: TDW's short term assets ($473.8M) exceed its long term liabilities ($363.5M).


Debt to Equity History and Analysis

Debt Level: TDW's debt to equity ratio (31.2%) is considered satisfactory.

Reducing Debt: TDW's debt to equity ratio has reduced from 62.8% to 31.2% 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 more than 3 years if free cash flow continues to grow at historical rates of 22.2% each year


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TDW'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?

1.1yrs

Average management tenure


CEO

Quintin Kneen (54 yo)

1.08yrs

Tenure

US$1,417,904

Compensation

Mr. Quintin V. Kneen serves as President, Chief Executive Officer and Director of Tidewater Inc. since September 3, 2019 and Interim Chief Financial Officer since November 15, 2018. Mr. Kneen served as Chi ...


CEO Compensation Analysis

Compensation vs Market: Quintin's total compensation ($USD1.42M) is about average for companies of similar size in the US market ($USD1.23M).

Compensation vs Earnings: Quintin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Quintin Kneen
President1.08yrsUS$1.42m0.10%
$ 260.8k
Samuel Rubio
VP, Chief Accounting Officer & Controller1.83yrsUS$394.98k0.030%
$ 75.2k
Daniel Hudson
VP, General Counsel & Corporate Secretary1yrUS$328.41k0.019%
$ 48.1k
David Darling
VP & Chief Human Resources Officer2.58yrsUS$398.23k0.044%
$ 109.6k
Lee Johnson
VP & Chief Information Officerno datano datano data
Jason Stanley
Vice President of Investor Relationsno datano datano data
Bruce Lundstrom
1.08yrsUS$613.97k0.20%
$ 496.8k
Jeffrey Gorski
1.08yrsUS$614.36k0.20%
$ 501.2k
Darren Vorst
VP & Treasurer2.75yrsno datano data

1.1yrs

Average Tenure

57yo

Average Age

Experienced Management: TDW's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Quintin Kneen
President1.08yrsUS$1.42m0.10%
$ 260.8k
Louis Raspino
Independent Director1.92yrsUS$216.56k0.057%
$ 143.6k
Kenneth Traub
Independent Director1.92yrsUS$216.56k0.080%
$ 198.9k
Dick Fagerstal
Independent Director3.25yrsUS$231.56k0.053%
$ 133.6k
Larry Rigdon
Independent Chairmanno dataUS$216.56k0.17%
$ 415.5k
Lois Zabrocky
Independent Director0.25yrno datano data
Darron Anderson
Director0.083yrno datano data

1.5yrs

Average Tenure

58yo

Average Age

Experienced Board: TDW's board of directors are not considered experienced ( 1.5 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: 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

Tidewater Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tidewater Inc.
  • Ticker: TDW
  • Exchange: NYSE
  • Founded: 1956
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$250.245m
  • Shares outstanding: 40.36m
  • Website: https://www.tdw.com

Number of Employees


Location

  • Tidewater Inc.
  • 6002 Rogerdale Road
  • Suite 600
  • Houston
  • Texas
  • 77072-1655
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TDWNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2017
TD9DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2017
TDW *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNAug 2017

Biography

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 world ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 01:00
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.