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Tidewater

DB:TD9
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TD9
DB
$262M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. The last earnings update was 36 days ago. More info.


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  • Tidewater has significant price volatility in the past 3 months.
TD9 Share Price and Events
7 Day Returns
0.9%
DB:TD9
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-71.6%
DB:TD9
-57.2%
Europe Energy Services
-20.9%
DE Market
TD9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tidewater (TD9) 0.9% -44.3% -65.8% -71.6% - -
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • TD9 underperformed the Energy Services industry which returned -57.2% over the past year.
  • TD9 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TD9
Industry
5yr Volatility vs Market

Value

 Is Tidewater undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tidewater to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tidewater.

DB:TD9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TD9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 21%) (112.13%))
1.482
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.482 * 5.44%)
7.67%

Discounted Cash Flow Calculation for DB:TD9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tidewater is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TD9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.67%)
2020 41.00 Analyst x1 38.08
2021 166.00 Analyst x1 143.19
2022 273.40 Est @ 64.7% 219.03
2023 396.89 Est @ 45.17% 295.31
2024 521.92 Est @ 31.5% 360.67
2025 636.40 Est @ 21.93% 408.46
2026 733.37 Est @ 15.24% 437.16
2027 810.73 Est @ 10.55% 448.85
2028 869.65 Est @ 7.27% 447.17
2029 912.87 Est @ 4.97% 435.95
Present value of next 10 years cash flows $3,233.00
DB:TD9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $912.87 × (1 + -0.39%) ÷ (7.67% – -0.39%)
$11,280.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,280.89 ÷ (1 + 7.67%)10
$5,387.31
DB:TD9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,233.00 + $5,387.31
$8,620.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,620.31 / 40.11
$214.91
DB:TD9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TD9 represents 0.9x of NYSE:TDW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 214.91 x 0.9
€193.42
Value per share (EUR) From above. €193.42
Current discount Discount to share price of €5.85
= -1 x (€5.85 - €193.42) / €193.42
97%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tidewater is available for.
Intrinsic value
>50%
Share price is €5.85 vs Future cash flow value of €193.42
Current Discount Checks
For Tidewater to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tidewater's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tidewater's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tidewater's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tidewater's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TD9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-3.71
NYSE:TDW Share Price ** NYSE (2020-04-06) in USD $6.5
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tidewater.

DB:TD9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TDW Share Price ÷ EPS (both in USD)

= 6.5 ÷ -3.71

-1.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tidewater is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Tidewater is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Tidewater's expected growth come at a high price?
Raw Data
DB:TD9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
123.5%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tidewater, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tidewater's assets?
Raw Data
DB:TD9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $25.41
NYSE:TDW Share Price * NYSE (2020-04-06) in USD $6.5
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TD9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TDW Share Price ÷ Book Value per Share (both in USD)

= 6.5 ÷ 25.41

0.26x

* Primary Listing of Tidewater.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tidewater is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Tidewater's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Tidewater has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tidewater expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
123.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tidewater expected to grow at an attractive rate?
  • Tidewater's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Tidewater's earnings growth is expected to exceed the Germany market average.
  • Tidewater's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TD9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TD9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 123.5%
DB:TD9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.7%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TD9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TD9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 552 98 41 4
2020-12-31 417 18 -36 1
2020-04-07
DB:TD9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 487 -31 -142
2019-09-30 478 -55 -172
2019-06-30 457 -34 -159
2019-03-31 437 7 -154
2018-12-31 407 4 -172
2018-09-30 401 4 -105
2018-06-30 412 -17 -1,212
2018-03-31 422 -63 -1,725
2017-12-31 491 13 -1,781
2017-09-30 516 -9 -2,055
2017-06-30 549 17 -1,095
2017-03-31 602 30 -660

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tidewater's earnings are expected to grow significantly at over 20% yearly.
  • Tidewater's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TD9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Tidewater Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TD9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.96 3.26 -1.35 2.00
2020-12-31 -0.92 -0.92 -0.92 1.00
2020-04-07
DB:TD9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -3.71
2019-09-30 -4.77
2019-06-30 -4.78
2019-03-31 -5.13
2018-12-31 -6.45
2018-09-30 -4.26
2018-06-30 -48.71
2018-03-31 -56.53
2017-12-31
2017-09-30 -48.38
2017-06-30 -23.27
2017-03-31 -14.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tidewater is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tidewater's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tidewater has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tidewater performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tidewater's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tidewater does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tidewater's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tidewater's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Tidewater's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tidewater Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TD9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 486.55 -141.74 91.79
2019-09-30 478.01 -172.40 103.67
2019-06-30 457.43 -159.10 102.59
2019-03-31 437.18 -154.08 107.76
2018-12-31 406.52 -171.52 91.19
2018-09-30 400.74 -104.58 111.65
2018-06-30 412.11 -1,211.85 112.87
2018-03-31 421.62 -1,725.35 120.44
2017-12-31 490.87 -1,781.03 130.25
2017-09-30 515.63 -2,055.13 158.13
2017-06-30 548.79 -1,095.46 172.76
2017-03-31 601.61 -660.12 177.83
2016-12-31 625.04 -647.05 174.79
2016-09-30 714.01 -368.88 176.23
2016-06-30 842.21 -234.23 180.57
2016-03-31 979.06 -160.18 187.47
2015-12-31 1,119.65 -87.47 195.59
2015-09-30 1,289.01 -228.66 205.36
2015-06-30 1,414.61 -123.92 212.94
2015-03-31 1,495.52 -65.19 218.14
2014-12-31 1,538.59 -12.70 214.90
2014-09-30 1,516.28 160.58 212.57
2014-06-30 1,486.70 153.85 209.28
2014-03-31 1,435.10 140.26 206.19
2013-12-31 1,395.60 143.43 206.71
2013-09-30 1,339.82 160.79 205.54
2013-06-30 1,283.80 147.98 201.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tidewater has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tidewater has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tidewater improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tidewater's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tidewater has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tidewater's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tidewater's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tidewater is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tidewater's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tidewater's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tidewater Company Filings, last reported 3 months ago.

DB:TD9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,016.41 288.93 218.29
2019-09-30 1,077.76 429.59 360.60
2019-06-30 1,115.54 434.91 370.85
2019-03-31 1,127.69 437.39 392.43
2018-12-31 1,144.92 439.00 371.79
2018-09-30 943.91 442.97 462.49
2018-06-30 975.53 444.85 461.44
2018-03-31 985.48 447.94 444.11
2017-12-31 1,021.94 448.16 433.82
2017-09-30 1,042.81 450.85 461.92
2017-06-30 1,125.83 2,038.47 685.96
2017-03-31 1,651.06 2,034.12 709.46
2016-12-31 1,747.56 2,036.06 662.47
2016-09-30 2,042.76 2,041.37 683.58
2016-06-30 2,219.00 2,041.41 677.43
2016-03-31 2,305.55 2,045.52 686.51
2015-12-31 2,375.93 1,451.73 55.00
2015-09-30 2,403.99 1,498.38 88.22
2015-06-30 2,457.17 1,543.53 102.98
2015-03-31 2,480.72 1,534.48 85.95
2014-12-31 2,508.77 1,491.33 77.39
2014-09-30 2,776.72 1,506.22 124.32
2014-06-30 2,723.06 1,511.36 53.45
2014-03-31 2,685.37 1,514.87 60.36
2013-12-31 2,639.99 1,464.02 114.15
2013-09-30 2,634.57 1,445.63 45.53
2013-06-30 2,585.47 1,475.06 64.81
  • Tidewater's level of debt (28.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.5% vs 28.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tidewater has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Tidewater has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Tidewater's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tidewater has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tidewater's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tidewater dividends. Estimated to be 0% next year.
If you bought €2,000 of Tidewater shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tidewater's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tidewater's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TD9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TD9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2020-04-07
DB:TD9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-08 0.000 0.000
2017-08-09 0.000 0.000
2017-08-08 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tidewater has not reported any payouts.
  • Unable to verify if Tidewater's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tidewater's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tidewater has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tidewater's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Tidewater's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tidewater afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tidewater has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tidewater's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Quintin Kneen
COMPENSATION $1,560,173
AGE 53
TENURE AS CEO 0.6 years
CEO Bio

Mr. Quintin V. Kneen serves as President, Chief Executive Officer, and director of Tidewater Inc. since September 4, 2019 and Chief Financial Officer since November 15, 2018. Mr. Kneen served as Chief Executive Officer and President of Gulfmark Offshore Inc., since June 4, 2013. Mr. Kneen served as the Executive Vice President and Chief Financial Officer of Gulfmark Offshore Inc., from June 2009 to June 3, 2013. He served as a Secretary of Gulfmark Offshore Inc. from June 2009 to March 2011 and also served as its Senior Vice President of Finance and Administration since December 2008. He served as an Executive Vice President of Gulfmark Offshore Inc. until June 4, 2013. Mr. Kneen served as Vice President of Finance and Investor Relations at Grant Prideco Inc. since February 2007. He served as Vice President of Finance at Gulfmark Offshore Inc. from June 2008 to December 2008. He served as an Audit Manager at the Houston office of Price Waterhouse LLP. He has financial experience, particularly in the area of mergers and acquisitions. He had been Director of Gulfmark Offshore Inc. since 2013. Mr. Kneen served as a Director of Business Development of Grant Prideco Inc. until February 2007. From September 1998 to August 2003, he served as Director and then Vice President for Transaction Accounting and Risk Management for Azurix Corp. In August 2003, Mr. Kneen's employment contract with Azurix Corp. was transferred to Enron Corp. where he served as a Vice President and Assistant Controller until he joined Grant Prideco in June 2003. He served as Executive Vice President of Tidewater Inc. since November 15, 2018 until September 4, 2019. Mr. Kneen has a B. B. A. in Accounting from Texas A&M University and an M. B. A. from Rice University and is a Certified Public Accountant and Chartered Financial Analyst.

CEO Compensation
  • Insufficient data for Quintin to compare compensation growth.
  • Quintin's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Tidewater management team in years:

0.6
Average Tenure
57
Average Age
  • The average tenure for the Tidewater management team is less than 2 years, this suggests a new team.
Management Team

Quintin Kneen

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
0.6 yrs

Bruce Lundstrom

TITLE
COMPENSATION
$614K
AGE
56
TENURE
0.6 yrs

Jeff Gorski

TITLE
COMPENSATION
$614K
AGE
58
TENURE
0.6 yrs

Sam Rubio

TITLE
VP, Chief Accounting Officer & Controller
AGE
59

Lee Johnson

TITLE
VP & Chief Information Officer

Daniel Hudson

TITLE
VP, General Counsel & Corporate Secretary
TENURE
0.6 yrs

David Darling

TITLE
VP & Chief Human Resources Officer
AGE
64
TENURE
2.1 yrs

Darren Vorst

TITLE
VP & Treasurer
AGE
54
TENURE
2.3 yrs

Jason Stanley

TITLE
Director of Investor Relations
Board of Directors Tenure

Average tenure and age of the Tidewater board of directors in years:

1.4
Average Tenure
63
Average Age
  • The average tenure for the Tidewater board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larry Rigdon

TITLE
Chairman
COMPENSATION
$386K
AGE
71

Quintin Kneen

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
0.6 yrs

Randee Day

TITLE
Independent Director
COMPENSATION
$177K
AGE
71
TENURE
2.8 yrs

Dick Fagerstal

TITLE
Independent Director
COMPENSATION
$192K
AGE
58
TENURE
2.8 yrs

Louis Raspino

TITLE
Independent Director
COMPENSATION
$87K
AGE
66
TENURE
1.4 yrs

Bob Tamburrino

TITLE
Director
COMPENSATION
$87K
AGE
63
TENURE
1.4 yrs

Ken Traub

TITLE
Independent Director
COMPENSATION
$87K
AGE
57
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tidewater individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Mar 20 Buy Larry Rigdon Individual 13. Mar 20 13. Mar 20 20,000 €5.78 €114,396
16. Mar 20 Buy Kenneth Traub Individual 13. Mar 20 13. Mar 20 5,000 €5.85 €29,244
06. Feb 20 Sell Robotti & Company, Incorporated Company 17. Dec 19 30. Dec 19 -780 €17.13 €-8,787
06. Feb 20 Buy Robotti & Company, Incorporated Company 13. Dec 19 30. Jan 20 296,225 €16.84 €4,330,429
06. Feb 20 Buy Robert Robotti Individual 16. Dec 19 16. Dec 19 3,700 €15.54 €57,515
31. Dec 19 Sell Raging Capital Management, LLC Company 06. Dec 19 30. Dec 19 -232,548 €17.31 €0
31. Dec 19 Buy Raging Capital Management, LLC Company 12. Nov 19 10. Dec 19 73,806 €13.79 €0
11. Dec 19 Sell Samuel Rubio Individual 11. Dec 19 11. Dec 19 -127 €14.66 €-1,861
18. Nov 19 Buy Quintin Kneen Individual 18. Nov 19 18. Nov 19 711 €12.52 €8,899
15. Nov 19 Buy Larry Rigdon Individual 14. Nov 19 14. Nov 19 20,000 €13.10 €261,938
15. Nov 19 Buy Robert Tamburrino Individual 14. Nov 19 14. Nov 19 5,000 €12.71 €63,567
28. Oct 19 Buy Robotti & Company, Incorporated Company 03. Sep 19 25. Oct 19 633,369 €16.81 €1,968,892
13. Sep 19 Buy Kenneth Traub Individual 12. Sep 19 12. Sep 19 5,000 €16.00 €80,001
12. Aug 19 Sell Raging Capital Management, LLC Company 12. Jun 19 24. Jul 19 -248,320 €21.57 €-5,355,855
24. May 19 Buy John Rynd Individual 24. May 19 24. May 19 2,500 €20.79 €51,971
23. May 19 Buy Randee Day Individual 22. May 19 22. May 19 2,500 €22.37 €55,930
21. May 19 Buy Dick Fagerstal Individual 20. May 19 20. May 19 4,400 €21.75 €95,705
21. May 19 Buy Louis Raspino Individual 20. May 19 20. May 19 5,000 €21.88 €109,383
13. May 19 Buy Robert Tamburrino Individual 13. May 19 13. May 19 5,000 €20.25 €101,272
10. May 19 Buy Steven Newman Individual 09. May 19 09. May 19 2,156 €20.63 €44,478
10. May 19 Buy Kenneth Traub Individual 09. May 19 09. May 19 5,000 €20.60 €103,019
10. May 19 Buy Thomas Bates Individual 09. May 19 09. May 19 10,000 €20.57 €205,739
06. May 19 Buy Raging Capital Management, LLC Company 02. May 19 03. May 19 52,600 €19.68 €1,023,340
X
Management checks
We assess Tidewater's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tidewater has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in towing floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; independent exploration and production companies; government-owned or government-controlled organizations, and other companies; drilling contractors; and other companies, such as offshore construction, diving, and well stimulation companies. As of December 31, 2019, it owned or chartered 217 vessels. Tidewater Inc. was founded in 1956 and is headquartered in Houston, Texas.

Details
Name: Tidewater Inc.
TD9
Exchange: DB
Founded: 1956
$242,779,607
40,111,245
Website: http://www.tdw.com
Address: Tidewater Inc.
6002 Rogerdale Road,
Suite 600,
Houston,
Texas, 77072-1655,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TDW Common Stock New York Stock Exchange US USD 01. Aug 2017
DB TD9 Common Stock Deutsche Boerse AG DE EUR 01. Aug 2017
BRSE TD9 Common Stock Berne Stock Exchange CH CHF 01. Aug 2017
BMV TDW * Common Stock Bolsa Mexicana de Valores MX MXN 01. Aug 2017
Number of employees
Current staff
Staff numbers
5,300
Tidewater employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:40
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.