Oceaneering International Intrinsic Value Calculator – OCEANEERING INTERNATIONAL Reports Positive Second Quarter of FY2023 Earnings Results
July 30, 2023
☀️Earnings Overview
On June 30 2023, OCEANEERING INTERNATIONAL ($NYSE:OII) reported their second quarter FY2023 earnings results, showing total revenue of USD 597.9 million, a 14.1% increase from the prior year. Net income was reported at USD 19.0 million, a remarkable improvement compared to 3.7 million the same period in the previous year.
Price History
On Wednesday, OCEANEERING INTERNATIONAL reported positive second quarter fiscal year 2023 earnings results. The company’s stock opened at $23.3 per share and closed at $23.6, only 0.1% lower than the closing price of $23.7 from the previous day. Overall, OCEANEERING INTERNATIONAL reported positive second quarter fiscal year 2023 financial results that exceeded their expectations. The company’s share price slightly declined by 0.1% on Wednesday, but investors remain optimistic about the performance of the company going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oceaneering International. More…
| Total Revenues | Net Income | Net Margin |
| 2.23k | 64.49 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oceaneering International. More…
| Operations | Investing | Financing |
| 158.47 | -76.86 | -1.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oceaneering International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.16k | 1.61k | 5.16 |
Key Ratios Snapshot
Some of the financial key ratios for Oceaneering International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | -74.3% | 7.7% |
| FCF Margin | ROE | ROA |
| 3.5% | 20.7% | 5.0% |
Analysis – Oceaneering International Intrinsic Value Calculator
At GoodWhale, we analyze OCEANEERING INTERNATIONAL‘s financials to provide insights into the company’s potential. After our analysis, we found that OCEANEERING INTERNATIONAL’s intrinsic value is around $14.4. This figure is calculated using GoodWhale’s proprietary Valuation Line. At the time of writing, OCEANEERING INTERNATIONAL’s stock is trading at a price of $23.6, more than 63.5% higher than its intrinsic value. This could indicate that the stock is currently overvalued and investors should exercise caution when investing. More…
Peers
Oceaneering International, Inc. is one of the world’s largest providers of engineered services and products to the offshore oil and gas industry, with a focus on deepwater applications. The company has a significant competitive advantage in its unique ability to operate in extremely deepwater environments. Deep Down, Inc. is a leading provider of subsea intervention, installation, and abandonment services to the oil and gas industry. The company has a strong track record of delivering complex projects safely and on time. Dolfines is a leading provider of remotely operated vehicles (ROVs) and related services to the oil and gas industry. The company has a broad range of ROVs and related services that are used in a variety of applications, including deepwater drilling and production. Bumi Armada Bhd is a leading provider of floating production, storage, and offloading (FPSO) vessels and related services to the oil and gas industry. The company has a strong track record of delivering projects on time and on budget.
– Deep Down Inc ($OTCPK:DPDW)
The company’s market capitalization is 7.25 million as of 2022. The company’s return on equity is -2.83%. The company is engaged in the development of oil and gas projects.
– Dolfines ($BER:JPZ0)
Bumi Armada is a Malaysia-based international offshore oilfield services provider. The Company is engaged in the charter, operation and maintenance of floating production, storage and offloading (FPSO) vessels, Floating LNG (FLNG) vessels, Tension Leg Platforms (TLPs), FPSO topsides, FSOs, LNG regasification units, LNG carriers, LNG/CNG carriers, other LNG related floating units, process platforms, mini-refineries, riser platforms and living quarters platforms.
Summary
The company achieved these impressive results by improving operating efficiencies and streamlining operations, leading to higher gross margins and increased profitability. With these positive results, the company looks poised to continue to deliver strong growth and returns for investors.
