Tidewater
Market Cap
US$567.1m
Last Updated
2019/11/13 00:35 UTC
Data Sources
Company Financials +
Executive Summary
Tidewater Inc. provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide.
Snowflake
Fundamentals
Excellent balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-15.5%
TDW
-1.8%
US Energy Services
0.5%
US Market
1 Year Return
-40.8%
TDW
-31.1%
US Energy Services
12.8%
US Market
Return vs Industry: TDW exceeded the US Energy Services industry which returned -31.1% over the past year.
Return vs Market: TDW underperformed the US Market which returned 12.8% over the past year.
Shareholder returns
| TDW | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.5% | -1.8% | 0.5% |
| 30 Day | -4.9% | 3.9% | 4.3% |
| 90 Day | -4.3% | 6.9% | 8.0% |
| 1 Year | -40.8%-40.8% | -29.1%-31.1% | 15.3%12.8% |
| 3 Year | n/a | -51.6%-57.9% | 48.3%38.7% |
| 5 Year | n/a | -62.1%-68.0% | 62.6%44.5% |
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
2 weeks ago | Simply Wall St
Tidewater Inc.'s (NYSE:TDW) Profit Outlook1 month ago | Simply Wall St
Investors Who Bought Tidewater (NYSE:TDW) Shares A Year Ago Are Now Down 52%2 months ago | Simply Wall St
Have Insiders Been Buying Tidewater Inc. (NYSE:TDW) Shares This Year?Valuation
Is Tidewater undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TDW ($14.5) is trading below our estimate of fair value ($226.09)
Significantly Below Fair Value: TDW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TDW is unprofitable, so we can't compare its PE Ratio to the 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 (0.5x) compared to the US Energy Services industry average (0.7x).
Next Steps
Future Growth
How is Tidewater forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
111.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TDW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: TDW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TDW's is expected to become profitable in the next 3 years.
Revenue vs Market: TDW's revenue (17.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: TDW's revenue (17.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TDW's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Tidewater performed over the past 5 years?
-24.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TDW has large one-off items impacting its financial results.
Growing Profit Margin: TDW's current net profit margins (-36.1%) are higher than last year (-26.1%).
Past Earnings Growth Analysis
Earnings Trend: TDW is unprofitable, and losses have increased over the past 5 years at a rate of -24.3% 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 (-16.6%).
Return on Equity
High ROE: TDW has a negative Return on Equity (-15.87%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tidewater's financial position?
Financial Position Analysis
Short Term Liabilities: TDW's short term assets ($644.9M) exceeds its short term liabilities ($159.9M)
Long Term Liabilities: TDW's short term assets (644.9M) exceeds its long term liabilities (516.4M)
Debt to Equity History and Analysis
Debt Level: TDW's debt to equity ratio (39.4%) is considered satisfactory
Reducing Debt: TDW's debt to equity ratio has reduced from 54.3% to 39.4% over the past 5 years.
Balance Sheet
Inventory Level: TDW has a high level of physical assets or inventory.
Debt Coverage by Assets: TDW's debt is covered by short term assets (assets are 1.5x debt).
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: Insufficient data to determine if TDW has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Tidewater's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TDW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TDW's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Tidewater's salary, the management and board of directors tenure and is there insider trading?
0.2yrs
Average management tenure
CEO
Quintin Kneen (53yo)
0.2yrs
Tenure
US$1,560,173
Compensation
Mr. Quintin V. Kneen serves as President, Chief Executive Officer, and director of Tidewater Inc. since September 4, 2019 and Chief Financial Officer since November 15, 2018. Mr. Kneen served as Chief Exec ...
CEO Compensation Analysis
Compensation vs Market: Quintin's total compensation ($USD1.56M) is below average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Insufficient data to compare Quintin's compensation with company performance.
Management Age and Tenure
0.2yrs
Average Tenure
57yo
Average Age
Experienced Management: TDW's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.
Board Age and Tenure
1.0yrs
Average Tenure
63yo
Average Age
Experienced Board: TDW's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: TDW insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 633,369 |
| Max Price | US$18.64 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$17.67 |
| Entity | Company |
| Shares | 248,320 |
| Max Price | US$24.03 |
| Entity | Individual |
| Shares | 2,500 |
| Max Price | US$23.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$24.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$24.44 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,400 |
| Max Price | US$24.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 5,000 |
| Max Price | US$22.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$23.14 |
| Entity | Individual |
| Shares | 2,156 |
| Max Price | US$23.17 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$23.11 |
| Entity | Company |
| Shares | 20,000 |
| Max Price | US$24.38 |
| Entity | Company |
| Shares | 52,600 |
| Max Price | US$22.03 |
| Entity | Individual |
| Role | Chief Accounting Officer VP, Chief Accounting Officer & Controller |
| Shares | 3,876 |
| Max Price | US$23.34 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48%.
Management Team
Darren Vorst (54yo)
VP & Treasurer
- Tenure: 1.8yrs
Bruce Lundstrom (56yo)
- Tenure: 0.2yrs
- Compensation: US$613.97k
Quintin Kneen (53yo)
President
- Tenure: 0.2yrs
- Compensation: US$1.56m
David Darling (64yo)
VP & Chief Human Resources Officer
- Tenure: 1.7yrs
Sam Rubio (59yo)
VP, Chief Accounting Officer & Controller
- Tenure: 0yrs
Mark Handin
Vice President of Operations - Joint Ventures & Strategic Partnerships
- Tenure: 0.8yrs
Jeff Gorski (58yo)
- Tenure: 0.2yrs
- Compensation: US$614.36k
Jason Stanley
Director of Investor Relations
- Tenure: 0yrs
Lee Johnson
VP & Chief Information Officer
- Tenure: 0yrs
Daniel Hudson
VP, General Counsel & Corporate Secretary
- Tenure: 0.2yrs
Board Members
Louis Raspino (66yo)
Independent Director
- Tenure: 1yrs
- Compensation: US$86.57k
Ken Traub (57yo)
Independent Director
- Tenure: 1yrs
- Compensation: US$86.57k
Dick Fagerstal (58yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$192.27k
Larry Rigdon (71yo)
Chairman
- Tenure: 0yrs
- Compensation: US$386.34k
Bob Tamburrino (63yo)
Director
- Tenure: 1yrs
- Compensation: US$86.57k
Randee Day (71yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$177.27k
Quintin Kneen (53yo)
President
- Tenure: 0.2yrs
- Compensation: US$1.56m
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$567.109m
- Shares outstanding: 39.11m
- Website: https://www.tdw.com
Number of Employees
Location
- Tidewater Inc.
- 6002 Rogerdale Road
- Suite 600
- Houston
- Texas
- 77072
- 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 |
Biography
Tidewater Inc. 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 sup ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/13 00:35 |
| End of Day Share Price | 2019/11/12 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.