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VTOL

Bristow GroupNYSE:VTOL Stock Report

Last Price

US$32.60

Market Cap

US$921.4m

7D

-8.0%

1Y

16.4%

Updated

23 Jan, 2022

Data

Company Financials +
VTOL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VTOL Stock Overview

Bristow Group Inc. provides aviation services to integrated, national, and independent offshore energy companies in the United States.

Rewards

Trading at 50.6% below our estimate of its fair value

Earnings are forecast to grow 79.67% per year

Risk Analysis

No risks detected for VTOL from our risk checks.

Bristow Group Competitors

Schlumberger

NYSE:SLB

US$51.0b

Halliburton

NYSE:HAL

US$24.7b

NOV

NYSE:NOV

US$6.0b

TechnipFMC

NYSE:FTI

US$2.9b

Price History & Performance

Summary of all time highs, changes and price drops for Bristow Group
Historical stock prices
Current Share PriceUS$32.60
52 Week HighUS$39.72
52 Week LowUS$24.02
Beta0
1 Month Change3.95%
3 Month Change-11.15%
1 Year Change16.39%
3 Year Changen/a
5 Year Changen/a
Change since IPO103.50%

Recent News & Updates

Jan 05
These 4 Measures Indicate That Bristow Group (NYSE:VTOL) Is Using Debt Extensively

These 4 Measures Indicate That Bristow Group (NYSE:VTOL) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Sep 20
Bristow Group (NYSE:VTOL) Takes On Some Risk With Its Use Of Debt

Bristow Group (NYSE:VTOL) Takes On Some Risk With Its Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

VTOLUS Energy ServicesUS Market
7D-8.0%-5.0%-6.1%
1Y16.4%27.7%4.2%

Return vs Industry: VTOL underperformed the US Energy Services industry which returned 27.7% over the past year.

Return vs Market: VTOL exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is VTOL's price volatile compared to industry and market?
VTOL volatility
VTOL Average Weekly Movement5.9%
Energy Services Industry Average Movement7.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: VTOL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: VTOL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19483,167Chris Bradshawhttps://www.bristowgroup.com

Bristow Group Inc. provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial and public sector search and rescue services; and other ad hoc helicopter and fixed wing transportation services. As of March 31, 2021, the company had a fleet of 247 aircraft.

Bristow Group Fundamentals Summary

How do Bristow Group's earnings and revenue compare to its market cap?
VTOL fundamental statistics
Market CapUS$921.43m
Earnings (TTM)-US$111.13m
Revenue (TTM)US$1.16b

0.8x

P/S Ratio

-8.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VTOL income statement (TTM)
RevenueUS$1.16b
Cost of RevenueUS$878.61m
Gross ProfitUS$281.66m
ExpensesUS$392.79m
Earnings-US$111.13m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.93
Gross Margin24.28%
Net Profit Margin-9.58%
Debt/Equity Ratio63.4%

How did VTOL perform over the long term?

See historical performance and comparison

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 ($32.6) is trading below our estimate of fair value ($66.06)

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 (1.1x) is in line with the US Energy Services industry average.


Future Growth

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

79.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VTOL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: VTOL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VTOL's is expected to become profitable in the next 3 years.

Revenue vs Market: VTOL's revenue (7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: VTOL's revenue (7% 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


Past Performance

How has Bristow Group performed over the past 5 years?

-1.4%

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 1.4% 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 (-2.7%).


Return on Equity

High ROE: VTOL has a negative Return on Equity (-13.25%), as it is currently unprofitable.


Financial Health

How is Bristow Group's financial position?


Financial Position Analysis

Short Term Liabilities: VTOL's short term assets ($559.5M) exceed its short term liabilities ($279.1M).

Long Term Liabilities: VTOL's short term assets ($559.5M) do not cover its long term liabilities ($743.1M).


Debt to Equity History and Analysis

Debt Level: VTOL's net debt to equity ratio (35.1%) is considered satisfactory.

Reducing Debt: VTOL's debt to equity ratio has reduced from 85.5% to 63.4% 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: Whilst unprofitable VTOL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VTOL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.3% per year.


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?

1.6yrs

Average management tenure


CEO

Chris Bradshaw (45 yo)

1.58yrs

Tenure

US$3,129,824

Compensation

Mr. Christopher S. Bradshaw, also known as Chris, was Chief Executive Officer and President of Era Group Inc. since November 28, 2014 until June 2020 and served as Chief Financial Officer from October 22,...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD3.13M) is above average for companies of similar size in the US market ($USD2.39M).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: VTOL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Bristow Group Inc.
  • Ticker: VTOL
  • Exchange: NYSE
  • Founded: 1948
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: US$921.431m
  • Shares outstanding: 28.26m
  • Website: https://www.bristowgroup.com

Number of Employees


Location

  • Bristow Group Inc.
  • 3151 Briarpark Drive
  • Suite 700, 7th Floor
  • Houston
  • Texas
  • 77042
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:28
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.