Tidewater Inc.

NYSE:TDW Stock Report

Market Cap: US$2.6b

Tidewater Valuation

Is TDW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TDW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TDW ($50.44) is trading below our estimate of fair value ($453.48)

Significantly Below Fair Value: TDW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TDW?

Key metric: As TDW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TDW. This is calculated by dividing TDW's market cap by their current earnings.
What is TDW's PE Ratio?
PE Ratio14.5x
EarningsUS$181.42m
Market CapUS$2.64b

Price to Earnings Ratio vs Peers

How does TDW's PE Ratio compare to its peers?

The above table shows the PE ratio for TDW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
AESI Atlas Energy Solutions
28.8x57.8%US$2.3b
LBRT Liberty Energy
8.1x-3.7%US$2.9b
USAC USA Compression Partners
44.1x29.7%US$2.8b
OII Oceaneering International
20.8xn/aUS$2.8b
TDW Tidewater
14.5x52.5%US$2.6b

Price-To-Earnings vs Peers: TDW is good value based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does TDW's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NCSM NCS Multistage Holdings
1.4x-107.5%US$60.82m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
TDW 14.5xIndustry Avg. 16.6xNo. of Companies6PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TDW is good value based on its Price-To-Earnings Ratio (14.5x) compared to the US Energy Services industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is TDW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TDW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: TDW is good value based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TDW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.44
US$89.67
+77.8%
19.3%US$112.00US$64.00n/a6
Nov ’25US$58.82
US$116.50
+98.1%
18.5%US$135.00US$70.00n/a6
Oct ’25US$73.31
US$117.67
+60.5%
19.1%US$138.00US$70.00n/a6
Sep ’25US$88.70
US$118.50
+33.6%
17.4%US$138.00US$75.00n/a6
Aug ’25US$94.51
US$119.83
+26.8%
17.2%US$135.00US$75.00n/a6
Jul ’25US$91.70
US$119.83
+30.7%
17.2%US$135.00US$75.00n/a6
Jun ’25US$103.33
US$119.83
+16.0%
17.2%US$135.00US$75.00n/a6
May ’25US$91.42
US$96.17
+5.2%
14.7%US$118.00US$75.00n/a6
Apr ’25US$93.80
US$92.00
-1.9%
11.4%US$110.00US$75.00n/a6
Mar ’25US$80.09
US$81.83
+2.2%
14.9%US$90.00US$55.00n/a6
Feb ’25US$68.33
US$80.20
+17.4%
15.9%US$90.00US$55.00n/a5
Jan ’25US$72.11
US$79.60
+10.4%
15.9%US$90.00US$55.00n/a5
Dec ’24US$61.75
US$79.60
+28.9%
15.9%US$90.00US$55.00n/a5
Nov ’24US$69.13
US$79.80
+15.4%
16.3%US$90.00US$55.00US$58.825
Oct ’24US$71.07
US$79.80
+12.3%
16.3%US$90.00US$55.00US$73.315
Sep ’24US$67.68
US$76.80
+13.5%
15.7%US$90.00US$55.00US$88.705
Aug ’24US$62.35
US$71.20
+14.2%
22.1%US$90.00US$50.00US$94.515
Jul ’24US$55.44
US$60.33
+8.8%
17.7%US$75.00US$50.00US$91.703
Jun ’24US$47.58
US$53.00
+11.4%
5.7%US$56.00US$50.00US$103.332
May ’24US$44.78
US$53.00
+18.4%
5.7%US$56.00US$50.00US$91.422
Apr ’24US$44.08
US$51.00
+15.7%
2.0%US$52.00US$50.00US$93.802
Mar ’24US$48.88
US$48.00
-1.8%
9.0%US$52.00US$42.00US$80.093
Feb ’24US$44.39
US$43.00
-3.1%
16.2%US$52.00US$35.00US$68.333
Jan ’24US$36.85
US$39.33
+6.7%
7.9%US$42.00US$35.00US$72.113
Dec ’23US$30.78
US$36.33
+18.0%
11.5%US$42.00US$32.00US$61.753
Nov ’23US$31.90
US$30.00
-6.0%
11.9%US$33.00US$25.00US$69.133

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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