Tidewater
Market Cap
US$250.2m
Last Updated
2020/10/27 01:00 UTC
Data Sources
Company Financials +
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
| TDW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | -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 Year | n/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
6 days ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Tidewater Inc.'s (NYSE:TDW) Shares?1 month ago | Simply Wall St
Tidewater (NYSE:TDW) Is Carrying A Fair Bit Of Debt2 months ago | Simply Wall St
Tidewater (NYSE:TDW) Share Prices Have Dropped 71% In The Last Three YearsValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$1.42m | 0.10% $ 260.8k | |
| VP, Chief Accounting Officer & Controller | 1.83yrs | US$394.98k | 0.030% $ 75.2k | |
| VP, General Counsel & Corporate Secretary | 1yr | US$328.41k | 0.019% $ 48.1k | |
| VP & Chief Human Resources Officer | 2.58yrs | US$398.23k | 0.044% $ 109.6k | |
| VP & Chief Information Officer | no data | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| 1.08yrs | US$613.97k | 0.20% $ 496.8k | ||
| 1.08yrs | US$614.36k | 0.20% $ 501.2k | ||
| VP & Treasurer | 2.75yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$1.42m | 0.10% $ 260.8k | |
| Independent Director | 1.92yrs | US$216.56k | 0.057% $ 143.6k | |
| Independent Director | 1.92yrs | US$216.56k | 0.080% $ 198.9k | |
| Independent Director | 3.25yrs | US$231.56k | 0.053% $ 133.6k | |
| Independent Chairman | no data | US$216.56k | 0.17% $ 415.5k | |
| Independent Director | 0.25yr | no data | no data | |
| Director | 0.083yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TDW | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 2017 |
| TD9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2017 |
| TDW * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Aug 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/27 01:00 |
| End of Day Share Price | 2020/10/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.