Tidewater Inc
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TIDEWATER INC's gross profit margin for the fourth quarter of its fiscal year 2020 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. TIDEWATER INC has strong liquidity. Currently, the Quick Ratio is 1.78 which shows 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 decreased by 18.98% 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 | Q4 FY20 | Q4 FY19 |
---|---|---|
Net Sales ($mil) | 91.86 | 118.78 |
EBITDA ($mil) | 11.36 | 11.64 |
EBIT ($mil) | -19.32 | -16.58 |
Net Income ($mil) | -29.25 | -59.85 |
Balance Sheet | Q4 FY20 | Q4 FY19 |
---|---|---|
Cash & Equiv. ($mil) | 152.01 | 224.05 |
Total Assets ($mil) | 1251.18 | 1579.53 |
Total Debt ($mil) | 196.53 | 293.71 |
Equity ($mil) | 822.12 | 1014.8 |
Profitability | Q4 FY20 | Q4 FY19 |
---|---|---|
Gross Profit Margin | 30.61 | 26.88 |
EBITDA Margin | 12.36 | 9.8 |
Operating Margin | -21.03 | -13.96 |
Sales Turnover | 0.32 | 0.31 |
Return on Assets | -15.68 | -8.97 |
Return on Equity | -23.87 | -13.97 |
Debt | Q4 FY20 | Q4 FY19 |
---|---|---|
Current Ratio | 2.12 | 2.89 |
Debt/Capital | 0.19 | 0.22 |
Interest Expense | 5.98 | 6.28 |
Interest Coverage | -3.23 | -2.64 |
Share Data | Q4 FY20 | Q4 FY19 |
---|---|---|
Shares outstanding (mil) | 40.71 | 39.94 |
Div / share | 0.0 | 0.0 |
EPS | -0.72 | -1.52 |
Book value / share | 20.2 | 25.41 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 221458.0 | 209195.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.61 indicates a significant discount versus the S&P 500 average of 4.38 and a significant discount versus the subsector average of 2.56. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, TIDEWATER INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TDW NM | Peers 26.32 | TDW 126.12 | Peers 11.10 | |||||||||||||||||||||
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. TDW's P/E is negative making this valuation measure meaningless. |
Premium. 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. TDW is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TDW NM | Peers 32.96 | TDW NA | Peers 0.48 | |||||||||||||||||||||
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. TDW'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. |
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Price/Book |
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Earnings Growth |
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TDW 0.61 | Peers 2.56 | TDW -32.42 | Peers -1175.28 | |||||||||||||||||||||
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. TDW is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. TDW 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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TDW 1.27 | Peers 1.52 | TDW -18.40 | Peers -24.13 | |||||||||||||||||||||
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. TDW is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. TDW significantly trails its peers on the basis of sales growth. |
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