Odyssey Marine Exploration Inc.
Find Ratings ReportsODYSSEY MARINE EXPLORATION's gross profit margin for the second quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. ODYSSEY MARINE EXPLORATION has very weak liquidity. Currently, the Quick Ratio is 0.09 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 31.29% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q2 FY23 | Q2 FY22 |
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Net Sales ($mil) | 0.17 | 0.39 |
EBITDA ($mil) | -3.0 | -3.12 |
EBIT ($mil) | -3.15 | -3.13 |
Net Income ($mil) | -5.72 | -4.68 |
Balance Sheet | Q2 FY23 | Q2 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1.83 | 10.54 |
Total Assets ($mil) | 13.99 | 17.82 |
Total Debt ($mil) | 41.15 | 44.96 |
Equity ($mil) | -16.27 | -23.68 |
Profitability | Q2 FY23 | Q2 FY22 |
---|---|---|
Gross Profit Margin | -1734.68 | -801.03 |
EBITDA Margin | -1734.68 | -801.02 |
Operating Margin | -1819.08 | -803.08 |
Sales Turnover | 0.08 | 0.06 |
Return on Assets | 4.64 | -94.96 |
Return on Equity | 0.0 | 0.0 |
Debt | Q2 FY23 | Q2 FY22 |
---|---|---|
Current Ratio | 0.11 | 0.2 |
Debt/Capital | 1.65 | 2.11 |
Interest Expense | 4.33 | 3.55 |
Interest Coverage | -0.73 | -0.88 |
Share Data | Q2 FY23 | Q2 FY22 |
---|---|---|
Shares outstanding (mil) | 19.98 | 19.47 |
Div / share | 0.0 | 0.0 |
EPS | -0.29 | -0.3 |
Book value / share | -0.81 | -1.22 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 112009.0 | 86265.0 |
SELL. ODYSSEY MARINE EXPLORATION's P/E ratio indicates a significant premium compared to an average of 41.98 for the Support Activities for Transportation subsector and a significant premium compared to the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, ODYSSEY MARINE EXPLORATION seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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OMEX 60.00 | Peers 41.98 | OMEX NM | Peers 15.99 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. OMEX is trading at a significant premium to its peers. |
Neutral. 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. OMEX's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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OMEX NA | Peers 16.75 | OMEX NA | Peers 1.13 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
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. |
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Price/Book |
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Earnings Growth |
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OMEX NM | Peers 5.42 | OMEX 106.03 | Peers 37.58 | |||||||||||||||||||||
Neutral. 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. OMEX's P/B is negative making this valuation measure meaningless. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. OMEX is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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OMEX 75.61 | Peers 4.53 | OMEX -2.73 | Peers 21.80 | |||||||||||||||||||||
Premium. 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. OMEX is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. OMEX significantly trails its peers on the basis of sales growth. |
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