Tidewater Inc Stock Fair Value – TIDEWATER INC Reports FY2023 Q2 Earnings Results on June 30 2023
August 20, 2023
🌥️Earnings Overview
TIDEWATER INC ($NYSE:TDW) released their fiscal Year 2023 Quarter 2 earnings results on June 30, 2023, showing a 31.5% year-over-year rise in total revenue to USD 215.0 million and a 188.3% increase in net income to USD 22.6 million compared to the same period in the previous year.
Market Price
At the start of trading on Monday, the company’s stock opened at $64.6 but closed at $62.5, indicating a 2.6% decline from the previous closing price of $64.1. The company’s performance was lackluster compared to prior quarters, as it had to contend with multiple macroeconomic challenges including a strong U.S. dollar, a volatile stock market, and rising inflation. This has been attributed to higher volumes of oil production and sales as well as more efficient water management practices.
Overall, TIDEWATER INC’s FY2023 Q2 earnings report was seen as mixed by analysts, with some expressing optimism about the company’s ability to weather the current economic storms. Investors will be closely watching the company’s stock movements in the coming quarters to gauge its ability to sustain its current performance in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tidewater Inc. More…
| Total Revenues | Net Income | Net Margin |
| 786.57 | 49.32 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tidewater Inc. More…
| Operations | Investing | Financing |
| 95.99 | -5.91 | -7.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tidewater Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.34k | 451.64 | 17.55 |
Key Ratios Snapshot
Some of the financial key ratios for Tidewater Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | -47.2% | 12.3% |
| FCF Margin | ROE | ROA |
| 8.5% | 6.8% | 4.5% |
Analysis – Tidewater Inc Stock Fair Value
GoodWhale recently conducted an analysis of TIDEWATER INC‘s wellbeing. After careful consideration, our proprietary Valuation Line revealed that the fair value of TIDEWATER INC share is around $28.0. Currently, TIDEWATER INC stock is trading at $62.5, which is significantly overvalued by 122.8%. It is clear that there is an opportunity for investors to capitalize on this mispricing. More…
Peers
The company’s competitors include Bumi Armada Bhd, Ezion Holdings Ltd, Prosafe SE.
– Bumi Armada Bhd ($KLSE:5210)
Bumi Armada is a leading international offshore oilfield services provider with a strong focus on the Asia Pacific region. The company has a market cap of 2.25B as of 2022 and a return on equity of 14.23%. Bumi Armada’s core businesses include offshore construction and installation, operations and maintenance, and decommissioning services. The company also has a strong track record in delivering complex projects in the oil and gas industry.
Summary
Tidewater Inc. has reported strong financial results for their second quarter of FY2023, with total revenue rising by 31.5% year-over-year and net income increasing by 188.3% compared to the same period the year prior. Analysts view these results as very positive, indicating potential for investors who are looking to enter the company’s stock. With such growth in a short period of time, investors can expect Tidewater Inc. to continue to perform well in the future.
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