Oceaneering International Inc

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OII : NYSE : Basic Materials
$21.03 | %
Today's Range: 20.74 - 21.58
Avg. Daily Volume: 1224100.0
06/23/17 - 4:03 PM ET

Financial Analysis


OCEANEERING INTERNATIONAL's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. OCEANEERING INTERNATIONAL has strong liquidity. Currently, the Quick Ratio is 1.87 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 7.60% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)446.18608.34
EBITDA ($mil)53.51107.88
EBIT ($mil)-0.1548.1
Net Income ($mil)-7.5325.1


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)462.52370.85
Total Assets ($mil)3091.03364.17
Total Debt ($mil)793.91800.56
Equity ($mil)1489.131611.65


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin22.0825.85
EBITDA Margin11.9917.73
Operating Margin-0.037.91
Sales Turnover0.680.86
Return on Assets-0.265.54
Return on Equity-0.5411.57
Debt Q1 FY17 Q1 FY16
Current Ratio2.612.73
Debt/Capital0.350.33
Interest Expense7.317.29
Interest Coverage-0.026.6


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)98.2698.06
Div / share0.150.27
EPS-0.080.26
Book value / share15.1616.44
Institutional Own % n/a n/a
Avg Daily Volume1229810.01339716.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 1.42 indicates a significant discount versus the S&P 500 average of 3.09 and a discount versus the industry average of 2.56. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, OCEANEERING INTERNATIONAL proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
OII NM Peers 85.84   OII 6.09 Peers 19.24

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

OII's P/E is negative making this valuation measure meaningless.

 

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 significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
OII 159.19 Peers 67.12   OII NA Peers 0.26

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

OII's ratio is negative making this valuation measure meaningless.

 

Neutral. 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
OII 1.42 Peers 2.56   OII -104.21 Peers -69.44

Discount. 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 significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, OII is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
OII 1.00 Peers 2.74   OII -26.87 Peers -21.27

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 industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

OII significantly trails its peers on the basis of sales growth

 

 

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