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Tidewater NYSE:TDW Stock Report

Last Price

US$49.00

Market Cap

US$2.5b

7D

2.9%

1Y

-31.3%

Updated

20 Dec, 2024

Data

Company Financials +

Tidewater Inc.

NYSE:TDW Stock Report

Market Cap: US$2.5b

TDW Stock Overview

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. More details

TDW fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance5/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 87.5% below our estimate of its fair value

Earnings are forecast to grow 49.34% per year

Earnings grew by 158.6% over the past year

Trading at good value compared to peers and industry

Risk Analysis

TDW passed our risk checks.

My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 7 Analysts

Investing In High-Spec Vessels Will Meet Growing Demand In Brazil And The Middle East

Key Takeaways Tidewater's fleet investments and strategy to increase day rates are set to enhance cash flow, revenue, and earnings as market conditions improve. Strong free cash flow supports Tidewater's active share repurchase program, indicating a focus on boosting shareholder value and EPS.
View narrative
US$86.86
FV
43.6% undervalued intrinsic discount
12.71%
Revenue growth p.a.
1users have liked this narrative
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17users have followed this narrative
2 days ago author updated this narrative

Tidewater Inc. Competitors

Atlas Energy Solutions

NYSE:AESI

US$2.4b

Liberty Energy

NYSE:LBRT

US$3.0b

USA Compression Partners

NYSE:USAC

US$2.6b

Oceaneering International

NYSE:OII

US$2.4b

Price History & Performance

Summary of share price highs, lows and changes for Tidewater
Historical stock prices
Current Share PriceUS$49.00
52 Week HighUS$111.42
52 Week LowUS$46.50
Beta1.08
1 Month Change-2.85%
3 Month Change-35.25%
1 Year Change-31.27%
3 Year Change356.66%
5 Year Change154.68%
Change since IPO96.00%

Recent News & Updates

Market Cool On Tidewater Inc.'s (NYSE:TDW) Earnings Pushing Shares 28% Lower

Dec 07
Market Cool On Tidewater Inc.'s (NYSE:TDW) Earnings Pushing Shares 28% Lower

Tidewater: Offsetting Lower Utilization Rates With Higher Pricing

Dec 07

Is Tidewater (NYSE:TDW) A Risky Investment?

Nov 29
Is Tidewater (NYSE:TDW) A Risky Investment?

Tidewater: Weak Offshore Drilling Activity Impacts Near-Term Outlook - Hold

Nov 18

Recent updates

Market Cool On Tidewater Inc.'s (NYSE:TDW) Earnings Pushing Shares 28% Lower

Dec 07
Market Cool On Tidewater Inc.'s (NYSE:TDW) Earnings Pushing Shares 28% Lower

Tidewater: Offsetting Lower Utilization Rates With Higher Pricing

Dec 07

Is Tidewater (NYSE:TDW) A Risky Investment?

Nov 29
Is Tidewater (NYSE:TDW) A Risky Investment?

Tidewater: Weak Offshore Drilling Activity Impacts Near-Term Outlook - Hold

Nov 18

Tidewater: Best Shipping Sector Outlook With An Attractive Entry Price

Oct 31

Tidewater Inc. (NYSE:TDW) Not Lagging Market On Growth Or Pricing

Oct 22
Tidewater Inc. (NYSE:TDW) Not Lagging Market On Growth Or Pricing

Here's Why We Think Tidewater (NYSE:TDW) Is Well Worth Watching

Oct 04
Here's Why We Think Tidewater (NYSE:TDW) Is Well Worth Watching

These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Aug 28
These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Tidewater Q2 2024 Earnings: Headwinds Are Temporary, But Outlook Remains Robust

Aug 14

Results: Tidewater Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Aug 09
Results: Tidewater Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Why Investors Shouldn't Be Surprised By Tidewater Inc.'s (NYSE:TDW) P/S

Jul 04
Why Investors Shouldn't Be Surprised By Tidewater Inc.'s (NYSE:TDW) P/S

Tidewater: Strong Quarter And Solid Prospects But Valuation Remains A Concern

Jun 17

Do Tidewater's (NYSE:TDW) Earnings Warrant Your Attention?

Jun 16
Do Tidewater's (NYSE:TDW) Earnings Warrant Your Attention?

Impressive Earnings May Not Tell The Whole Story For Tidewater (NYSE:TDW)

May 11
Impressive Earnings May Not Tell The Whole Story For Tidewater (NYSE:TDW)

Tidewater (NYSE:TDW) Has A Pretty Healthy Balance Sheet

Apr 29
Tidewater (NYSE:TDW) Has A Pretty Healthy Balance Sheet

Tidewater Remains The Best In Class, Despite The Elevated Price

Mar 26

Tidewater: Strong Growth Ahead But Downgrading On Valuation

Mar 20

Revenues Tell The Story For Tidewater Inc. (NYSE:TDW) As Its Stock Soars 25%

Mar 05
Revenues Tell The Story For Tidewater Inc. (NYSE:TDW) As Its Stock Soars 25%

Tidewater: A Potential Compounder Within A Fragmented And Overlooked Industry

Feb 20

Establishing Dominance In The OSV Market: Mini Deep Dive On Tidewater

Feb 12

These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Jan 17
These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Tidewater Inc.'s (NYSE:TDW) 31% Jump Shows Its Popularity With Investors

Dec 27
Tidewater Inc.'s (NYSE:TDW) 31% Jump Shows Its Popularity With Investors

Tidewater Should Continue To Benefit From Hot OSV Market

Dec 18

Tidewater: Another Bad Miss In Q3 But Substantial Improvement Projected For Next Year

Dec 10

Tidewater: The Undisputed OSV Leader Delivered Again

Nov 13

Tidewater: Bet On Offshore Support Vessels Growing Deficit

Nov 02

Tidewater Is Riding A Hot OSV Market

Oct 19

Tidewater (NYSE:TDW) Has A Pretty Healthy Balance Sheet

Oct 05
Tidewater (NYSE:TDW) Has A Pretty Healthy Balance Sheet

Tidewater: No Reason To Worry About Weaker-Than-Expected Q2 Results

Aug 09

Investors Appear Satisfied With Tidewater Inc.'s (NYSE:TDW) Prospects As Shares Rocket 27%

Jul 27
Investors Appear Satisfied With Tidewater Inc.'s (NYSE:TDW) Prospects As Shares Rocket 27%

Tidewater: Warrant Expiry - Potential Arbitrage Opportunities

Jul 24

Here's Why Tidewater (NYSE:TDW) Can Manage Its Debt Responsibly

Jun 19
Here's Why Tidewater (NYSE:TDW) Can Manage Its Debt Responsibly

Tidewater: This Might Be As Good As It Gets

Jun 05

Tidewater: Strong Financials And Increasing Day Rates Signal Promising Future For Investors

May 25

These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Mar 08
These 4 Measures Indicate That Tidewater (NYSE:TDW) Is Using Debt Reasonably Well

Tidewater: Great Risk-Reward For 2023

Jan 24

Tidewater: Decent Quarter, Strong Prospects Going Into 2023 - Buy

Nov 07

Tidewater: Very Strong Industry Outlook Increases Odds For Dividend Reinstatement - Buy

Sep 07

Tidewater Q2 2022 Earnings Preview

Aug 04

We Think Tidewater (NYSE:TDW) Has A Fair Chunk Of Debt

Jul 26
We Think Tidewater (NYSE:TDW) Has A Fair Chunk Of Debt

Tidewater Rises To The Top In 2022, Momentum Looks Solid

Jun 10

Shareholder Returns

TDWUS Energy ServicesUS Market
7D2.9%-8.4%-3.5%
1Y-31.3%-14.5%22.1%

Return vs Industry: TDW underperformed the US Energy Services industry which returned -14.5% over the past year.

Return vs Market: TDW underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is TDW's price volatile compared to industry and market?
TDW volatility
TDW Average Weekly Movement7.3%
Energy Services Industry Average Movement6.5%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: TDW has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TDW's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19567,300Quintin Kneenwww.tdw.com

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support 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 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 anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs.

Tidewater Inc. Fundamentals Summary

How do Tidewater's earnings and revenue compare to its market cap?
TDW fundamental statistics
Market capUS$2.55b
Earnings (TTM)US$181.42m
Revenue (TTM)US$1.30b

14.1x

P/E Ratio

2.0x

P/S Ratio

Is TDW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TDW income statement (TTM)
RevenueUS$1.30b
Cost of RevenueUS$685.48m
Gross ProfitUS$617.93m
Other ExpensesUS$436.51m
EarningsUS$181.42m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.47
Gross Margin47.41%
Net Profit Margin13.92%
Debt/Equity Ratio58.4%

How did TDW perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tidewater Inc. is covered by 33 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James WestBarclays
Michael FarahBofA Global Research
Gregory LewisBTIG