| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
NETI Stock Overview
Eneti Inc. engages in the offshore wind and marine-based renewable energy businesses.
Eneti Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.71 |
| 52 Week High | US$21.60 |
| 52 Week Low | US$4.81 |
| Beta | 1.16 |
| 1 Month Change | 6.68% |
| 3 Month Change | -9.81% |
| 1 Year Change | -66.65% |
| 3 Year Change | -86.02% |
| 5 Year Change | -89.35% |
| Change since IPO | -99.41% |
Recent News & Updates
Need To Know: Analysts Are Much More Bullish On Eneti Inc. (NYSE:NETI) Revenues
Celebrations may be in order for Eneti Inc. ( NYSE:NETI ) shareholders, with the analysts delivering a significant...
Shareholder Returns
| NETI | US Shipping | US Market | |
|---|---|---|---|
| 7D | 10.0% | 6.2% | 2.7% |
| 1Y | -66.6% | 30.8% | -8.1% |
Return vs Industry: NETI underperformed the US Shipping industry which returned 31% over the past year.
Return vs Market: NETI underperformed the US Market which returned -10.8% over the past year.
Price Volatility
| NETI volatility | |
|---|---|
| NETI Average Weekly Movement | 10.0% |
| Shipping Industry Average Movement | 9.4% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: NETI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: NETI's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 276 | Emanuele Lauro | https://www.eneti-inc.com |
Eneti Inc. engages in the offshore wind and marine-based renewable energy businesses. It owns and operates five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and changed its name to Eneti Inc. in February 2021.
Eneti Fundamentals Summary
| NETI fundamental statistics | |
|---|---|
| Market Cap | US$271.36m |
| Earnings (TTM) | -US$17.49m |
| Revenue (TTM) | US$106.64m |
2.5x
P/S Ratio-15.3x
P/E RatioIs NETI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NETI income statement (TTM) | |
|---|---|
| Revenue | US$106.64m |
| Cost of Revenue | US$88.45m |
| Gross Profit | US$18.19m |
| Other Expenses | US$35.68m |
| Earnings | -US$17.49m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.44 |
| Gross Margin | 17.06% |
| Net Profit Margin | -16.40% |
| Debt/Equity Ratio | 12.5% |
How did NETI perform over the long term?
See historical performance and comparisonDividends
0.6%
Current Dividend Yield-5%
Payout RatioDoes NETI pay a reliable dividends?
See NETI dividend history and benchmarks| Eneti dividend dates | |
|---|---|
| Ex Dividend Date | May 20 2022 |
| Dividend Pay Date | Jun 15 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 27 days |
Does NETI pay a reliable dividends?
See NETI dividend history and benchmarksValuation
Is Eneti undervalued compared to its fair value and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
0.43x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NETI ($6.71) is trading above our estimate of fair value ($0.14)
Significantly Below Fair Value: NETI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NETI is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: NETI 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 NETI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NETI is good value based on its PB Ratio (0.4x) compared to the US Shipping industry average (1x).
Future Growth
How is Eneti forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
58.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NETI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: NETI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NETI's is expected to become profitable in the next 3 years.
Revenue vs Market: NETI's revenue (5.5% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: NETI's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NETI's Return on Equity is forecast to be low in 3 years time (1.5%).
Past Performance
How has Eneti performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-39.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NETI is currently unprofitable.
Growing Profit Margin: NETI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NETI is unprofitable, and losses have increased over the past 5 years at a rate of 39.9% per year.
Accelerating Growth: Unable to compare NETI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NETI is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (690.8%).
Return on Equity
High ROE: NETI has a negative Return on Equity (-2.79%), as it is currently unprofitable.
Financial Health
How is Eneti's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NETI's short term assets ($105.5M) do not cover its short term liabilities ($126.2M).
Long Term Liabilities: NETI's short term assets ($105.5M) exceed its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: NETI's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: NETI's debt to equity ratio has reduced from 67.8% to 12.5% 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: NETI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NETI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Eneti current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
0.60%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NETI's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: NETI's dividend (0.6%) is low compared to the top 25% of dividend payers in the US market (4.06%).
Stability and Growth of Payments
Stable Dividend: NETI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: NETI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: NETI is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: NETI is paying a dividend but the company has no free cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Emanuele Lauro (42 yo)
8.83yrs
Tenure
Mr. Emanuele A. Lauro had been Chairman and Chief Executive Officer at Hermitage Offshore Services Ltd. since December 2018 and served as its Secretary. He is a Co-Founder of Eneti Inc. (formerly known as...
Leadership Team
Experienced Management: NETI's management team is seasoned and experienced (8.8 years average tenure).
Board Members
Experienced Board: NETI's board of directors are considered experienced (7.4 years average tenure).
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 been substantially diluted in the past year, with total shares outstanding growing by 275.6%.
Top Shareholders
Company Information
Eneti Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Eneti Inc.
- Ticker: NETI
- Exchange: NYSE
- Founded: 2013
- Industry: Marine
- Sector: Transportation
- Implied Market Cap: US$271.364m
- Shares outstanding: 39.79m
- Website: https://www.eneti-inc.com
Number of Employees
Location
- Eneti Inc.
- Le Millenium
- 9, Boulevard Charles III
- Monaco
- 98000
- Monaco
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/17 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.