NYSE:VTOL

Stock Analysis Report

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Executive Summary

Bristow Group Inc. provides industrial aviation services to the offshore energy industry worldwide. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: VTOL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: VTOL's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

2.5%

VTOL

1.1%

US Energy Services

-0.4%

US Market


1 Year Return

n/a

VTOL

-26.9%

US Energy Services

19.5%

US Market

Return vs Industry: Insufficient data to determine how VTOL performed against the US Energy Services industry.

Return vs Market: Insufficient data to determine how VTOL performed against the US Market.


Shareholder returns

VTOLIndustryMarket
7 Day2.5%1.1%-0.4%
30 Day1.7%11.8%2.3%
90 Day21.0%67.9%12.7%
1 Yearn/a-24.9%-26.9%22.3%19.5%
3 Yearn/a-59.3%-62.6%44.4%34.8%
5 Yearn/a-39.9%-50.5%128.7%103.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bristow Group 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: VTOL ($28.28) is trading below our estimate of fair value ($58.9)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: VTOL's PB Ratio (0.8x) is in line with the US Energy Services industry average.


Next Steps

Future Growth

How is Bristow Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VTOL's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if VTOL's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VTOL's revenue (2.9% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: VTOL's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VTOL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bristow Group performed over the past 5 years?

-41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VTOL is currently unprofitable.

Growing Profit Margin: VTOL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VTOL is unprofitable, and losses have increased over the past 5 years at a rate of 41.2% per year.

Accelerating Growth: Unable to compare VTOL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VTOL is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-4%).


Return on Equity

High ROE: VTOL has a negative Return on Equity (-31.8%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bristow Group's financial position?


Financial Position Analysis

Short Term Liabilities: VTOL's short term assets ($672.7M) exceed its short term liabilities ($351.2M).

Long Term Liabilities: VTOL's short term assets ($672.7M) do not cover its long term liabilities ($849.6M).


Debt to Equity History and Analysis

Debt Level: VTOL's debt to equity ratio (63.7%) is considered high.

Reducing Debt: VTOL's debt to equity ratio has reduced from 63.9% to 63.7% 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: VTOL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VTOL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Bristow Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VTOL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VTOL'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 VTOL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VTOL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

0.6yrs

Average management tenure


CEO

Chris Bradshaw (44 yo)

0.58

Tenure

Mr. Christopher S. Bradshaw, also known as Chris, had been the Chief Executive Officer and President of Era Group Inc. since November 28, 2014 and served as Chief Financial Officer from October 22, 2012 to...


Leadership Team

NamePositionTenureCompensationOwnership
Mary Wersebe
Senior VP & Chief Administrative Officer4.58yrsUS$972.64kno data
Robert Phillips
Senior Vice President of Americas2.58yrsUS$1.49mno data
Alan Corbett
Senior Vice President of Europe2.58yrsUS$1.44mno data
Christopher Bradshaw
President0.58yrno data0.59%
$ 4.9m
Jennifer Whalen
Senior VP & CFO0.58yrno data0.15%
$ 1.3m
David Stepanek
Executive VP & COO0.58yrno data0.021%
$ 178.2k
Christopher Gillette
Chief Accounting Officer1.75yrsno datano data
Steven Sidney
VP of Information Technology & Chief Information Officerno datano datano data
Linda McNeill
Director of Investor Relationsno datano datano data
Crystal Gordon
Senior VP & General Counsel0.58yrno data0.12%
$ 1.0m
Adam Morgan
Director of Global Communicationsno datano datano data
Stuart Stavley
Senior Vice President of Global Fleet Management0.58yrno data0.19%
$ 1.6m

0.6yrs

Average Tenure

46yo

Average Age

Experienced Management: VTOL's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christopher Bradshaw
President0.58yrno data0.59%
$ 4.9m
Charles Fabrikant
Directorno datano data0.40%
$ 3.3m
G. Mickelson
Chairman1.08yrsno data0.064%
$ 537.3k
Christopher Pucillo
Director0.58yrno datano data
Robert Manzo
Director2yrsno datano data
Brian Truelove
Director2yrsno datano data
Lorin Brass
Director2yrsno datano data
Wesley Kern
Director2yrsno datano data

2.0yrs

Average Tenure

61yo

Average Age

Experienced Board: VTOL's board of directors are not considered experienced ( 2 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: VTOL only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Bristow Group Inc.
  • Ticker: VTOL
  • Exchange: NYSE
  • Founded:
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$840.222m
  • Shares outstanding: 29.71m
  • Website: https://www.bristowgroup.com

Number of Employees


Location

  • Bristow Group Inc.
  • 3151 Briarpark Drive
  • Suite 700
  • Houston
  • Texas
  • 77042
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VTOLNYSE (New York Stock Exchange)YesNew common StockUSUSDJun 2020
ERG1DB (Deutsche Boerse AG)YesNew common StockDEEURJun 2020

Biography

Bristow Group Inc. provides industrial aviation services to the offshore energy industry worldwide. It conducts major transportation operations in the North Sea, Nigeria, and the U.S. Gulf of Mexico; and o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 00:04
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.