Oceaneering International Inc.
Find Ratings ReportsOCEANEERING INTERNATIONAL's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. OCEANEERING INTERNATIONAL has average liquidity. Currently, the Quick Ratio is 1.40 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 20.83% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 654.63 | 536.22 |
EBITDA ($mil) | 72.95 | 70.02 |
EBIT ($mil) | 47.45 | 42.18 |
Net Income ($mil) | 44.53 | 23.13 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 461.57 | 575.11 |
Total Assets ($mil) | 2239.01 | 2031.68 |
Total Debt ($mil) | 848.66 | 872.4 |
Equity ($mil) | 628.02 | 519.74 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 20.03 | 22.0 |
EBITDA Margin | 11.14 | 13.05 |
Operating Margin | 7.25 | 7.87 |
Sales Turnover | 1.08 | 1.02 |
Return on Assets | 4.35 | 1.27 |
Return on Equity | 15.51 | 4.99 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.78 | 2.28 |
Debt/Capital | 0.57 | 0.63 |
Interest Expense | 4.52 | 9.6 |
Interest Coverage | 10.5 | 4.39 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 100.8 | 100.26 |
Div / share | 0.0 | 0.0 |
EPS | 0.43 | 0.23 |
Book value / share | 6.23 | 5.18 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 771615.0 | 983539.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 27.70 for the Support Activities for Mining subsector and a discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 3.40 indicates a discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 3.28. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. The valuation analysis reveals that, OCEANEERING INTERNATIONAL seems to be trading at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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OII 22.29 | Peers 27.70 | OII 10.17 | Peers 11.61 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. OII is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. OII is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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OII 13.49 | Peers 11.65 | OII 1.32 | Peers 0.97 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. OII is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. OII trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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OII 3.40 | Peers 3.28 | OII 265.38 | Peers 216.78 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. OII is trading at a valuation on par with its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. OII is expected to have an earnings growth rate that exceeds its peers. |
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Price/Sales |
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Sales Growth |
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OII 0.88 | Peers 1.79 | OII 17.35 | Peers 21.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. OII is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. OII trails its peers on the basis of sales growth. |
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