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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.08
ATW's Cash to Debt is ranked higher than
57% of the 205 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.60 vs. ATW: 0.08 )
ATW' s 10-Year Cash to Debt Range
Min: 0.05   Max: 5.58
Current: 0.08

0.05
5.58
Equity to Asset 0.56
ATW's Equity to Asset is ranked higher than
77% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.55 vs. ATW: 0.56 )
ATW' s 10-Year Equity to Asset Range
Min: 0.5   Max: 0.86
Current: 0.56

0.5
0.86
Interest Coverage 17.25
ATW's Interest Coverage is ranked higher than
79% of the 136 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.50 vs. ATW: 17.25 )
ATW' s 10-Year Interest Coverage Range
Min: 1.29   Max: 173.48
Current: 17.25

1.29
173.48
F-Score: 6
Z-Score: 2.36
M-Score: -2.49
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 40.38
ATW's Operating margin (%) is ranked higher than
95% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.07 vs. ATW: 40.38 )
ATW' s 10-Year Operating margin (%) Range
Min: 4.48   Max: 50.95
Current: 40.38

4.48
50.95
Net-margin (%) 32.93
ATW's Net-margin (%) is ranked higher than
94% of the 181 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.09 vs. ATW: 32.93 )
ATW' s 10-Year Net-margin (%) Range
Min: -8.84   Max: 42.75
Current: 32.93

-8.84
42.75
ROE (%) 15.87
ATW's ROE (%) is ranked higher than
94% of the 206 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -0.41 vs. ATW: 15.87 )
ATW' s 10-Year ROE (%) Range
Min: -4.86   Max: 25.54
Current: 15.87

-4.86
25.54
ROA (%) 9.58
ATW's ROA (%) is ranked higher than
94% of the 213 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -0.42 vs. ATW: 9.58 )
ATW' s 10-Year ROA (%) Range
Min: -2.45   Max: 19.59
Current: 9.58

-2.45
19.59
ROC (Joel Greenblatt) (%) 12.70
ATW's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 204 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.45 vs. ATW: 12.70 )
ATW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.38   Max: 28.04
Current: 12.7

1.38
28.04
Revenue Growth (%) 17.30
ATW's Revenue Growth (%) is ranked higher than
81% of the 134 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.40 vs. ATW: 17.30 )
ATW' s 10-Year Revenue Growth (%) Range
Min: -1.3   Max: 42.5
Current: 17.3

-1.3
42.5
EBITDA Growth (%) 14.50
ATW's EBITDA Growth (%) is ranked higher than
79% of the 118 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.10 vs. ATW: 14.50 )
ATW' s 10-Year EBITDA Growth (%) Range
Min: -20.4   Max: 62.4
Current: 14.5

-20.4
62.4
EPS Growth (%) 10.40
ATW's EPS Growth (%) is ranked higher than
81% of the 127 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -2.20 vs. ATW: 10.40 )
ATW' s 10-Year EPS Growth (%) Range
Min: -34.1   Max: 149.7
Current: 10.4

-34.1
149.7
» ATW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

ATW Guru Trades in Q2 2013

Chuck Royce 133,683 sh (New)
Steven Cohen 35,457 sh (New)
Jeremy Grantham 8,900 sh (+97.78%)
Scott Black 169,333 sh (+40.15%)
Paul Tudor Jones 15,500 sh (+2.65%)
Columbia Wanger 5,076,799 sh (+1.65%)
FPA Capital Fund 277,206 sh (unchged)
Jim Simons Sold Out
First Pacific Advisors 569,935 sh (-1.16%)
David Dreman 609,843 sh (-14.31%)
RS Investment Management 428,126 sh (-22.87%)
» More
Q3 2013

ATW Guru Trades in Q3 2013

Jim Simons 335,800 sh (New)
Chuck Royce 640,828 sh (+379.36%)
RS Investment Management 512,016 sh (+19.59%)
Scott Black 169,698 sh (+0.22%)
FPA Capital Fund 277,206 sh (unchged)
First Pacific Advisors 536,835 sh (-5.81%)
Columbia Wanger 4,680,997 sh (-7.8%)
Steven Cohen 30,391 sh (-14.29%)
Paul Tudor Jones 12,700 sh (-18.06%)
Jeremy Grantham 6,000 sh (-32.58%)
David Dreman 130,154 sh (-78.66%)
» More
Q4 2013

ATW Guru Trades in Q4 2013

First Pacific Advisors 1,532,606 sh (+185.49%)
FPA Capital Fund 719,606 sh (+159.59%)
Jim Simons 771,900 sh (+129.87%)
Chuck Royce 1,300,204 sh (+102.89%)
Jeremy Grantham 8,500 sh (+41.67%)
David Dreman 177,241 sh (+36.18%)
Scott Black 179,048 sh (+5.51%)
Paul Tudor Jones 13,183 sh (+3.8%)
RS Investment Management Sold Out
Columbia Wanger 3,816,398 sh (-18.47%)
Steven Cohen 19,853 sh (-34.67%)
» More
Q1 2014

ATW Guru Trades in Q1 2014

FPA Capital Fund 991,306 sh (+37.76%)
» More
» Details

Insider Trades

Latest Guru Trades with ATW

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
FPA Capital Fund 2014-03-31 Add 37.76%1.48%$45.35 - $53.39 $ 47.05-3%991306
FPA Capital Fund 2013-12-31 Add 159.59%2.77%$50.7 - $58.04 $ 47.13-13%719606
David Dreman 2013-12-31 Add 36.18%0.19%$50.7 - $58.04 $ 47.13-13%177241
David Dreman 2013-09-30 Reduce -78.66%0.78%$52.26 - $59.13 $ 47.13-16%130154
Scott Black 2013-06-30 Add 40.15%0.32%$44.08 - $56.51 $ 47.13-9%169333
David Dreman 2013-06-30 Reduce -14.31%0.14%$44.08 - $56.51 $ 47.13-9%609843
FPA Capital Fund 2012-12-31 Reduce -10%0.17%$43.75 - $50.03 $ 47.131%277206
FPA Capital Fund 2012-09-30 Reduce -27.05%0.54%$37.75 - $49.32 $ 47.136%308006
Scott Black 2012-06-30 Add 65.26%0.28%$35.58 - $44.88 $ 47.1316%120584
FPA Capital Fund 2012-03-31 Reduce -39.73%1.19%$40.1 - $48.53 $ 47.1312%422200
FPA Capital Fund 2011-06-30 Add 3.61%0.11%$38.87 - $46.4 $ 47.1311%700500
George Soros 2011-06-30 Sold Out $38.87 - $46.4 $ 47.1311%0
George Soros 2011-03-31 Reduce -50.52%$35.41 - $46.06 $ 47.1313%4800
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Atwood Oceanics, Inc.

FPA Capital Comments on Atwood Oceanics - Oct 31, 2012

As one would expect in a rising market, we reduced several positions in Q3. Notably, we reduced Atwood Oceanics (ATW) due to the stock price appreciating 20% in the quarter, reflecting the prospects of stronger profitability due to robust oil prices.

From FPA Capital’s third quarter commentary.


Check out Robert Rodriguez latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 8.70
ATW's P/E(ttm) is ranked higher than
85% of the 103 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 12.10 vs. ATW: 8.70 )
ATW' s 10-Year P/E(ttm) Range
Min: 3.24   Max: 98.14
Current: 8.7

3.24
98.14
P/B 1.30
ATW's P/B is ranked higher than
64% of the 200 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.29 vs. ATW: 1.30 )
ATW' s 10-Year P/B Range
Min: 0.89   Max: 5.09
Current: 1.3

0.89
5.09
P/S 2.80
ATW's P/S is ranked lower than
59% of the 184 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.90 vs. ATW: 2.80 )
ATW' s 10-Year P/S Range
Min: 1.44   Max: 8.5
Current: 2.8

1.44
8.5
EV-to-EBIT 10.30
ATW's EV-to-EBIT is ranked higher than
75% of the 145 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.00 vs. ATW: 10.30 )
ATW' s 10-Year EV-to-EBIT Range
Min: 3   Max: 110.1
Current: 10.3

3
110.1
PEG 0.70
ATW's PEG is ranked higher than
72% of the 50 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.78 vs. ATW: 0.70 )
ATW' s 10-Year PEG Range
Min: 0.07   Max: 8.87
Current: 0.7

0.07
8.87
Shiller P/E 10.60
ATW's Shiller P/E is ranked higher than
67% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.20 vs. ATW: 10.60 )
ATW' s 10-Year Shiller P/E Range
Min: 8.7   Max: 80
Current: 10.6

8.7
80

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.30
ATW's Price/Tangible Book is ranked higher than
65% of the 194 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. ATW: 1.30 )
ATW' s 10-Year Price/Tangible Book Range
Min: 0.87   Max: 6.23
Current: 1.3

0.87
6.23
Price/Median PS Value 0.70
ATW's Price/Median PS Value is ranked higher than
71% of the 174 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.80 vs. ATW: 0.70 )
ATW' s 10-Year Price/Median PS Value Range
Min: 0.29   Max: 2.11
Current: 0.7

0.29
2.11
Price/Peter Lynch Fair Value 0.80
ATW's Price/Peter Lynch Fair Value is ranked higher than
71% of the 34 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.80 vs. ATW: 0.80 )
ATW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.15   Max: 2.81
Current: 0.8

0.15
2.81
Price/Graham Number 0.70
ATW's Price/Graham Number is ranked higher than
83% of the 103 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.90 vs. ATW: 0.70 )
ATW' s 10-Year Price/Graham Number Range
Min: 0.42   Max: 3.68
Current: 0.7

0.42
3.68
Earnings Yield (Greenblatt) 9.70
ATW's Earnings Yield (Greenblatt) is ranked higher than
74% of the 138 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.80 vs. ATW: 9.70 )
ATW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.9   Max: 33.3
Current: 9.7

0.9
33.3
Forward Rate of Return (Yacktman) 4.91
ATW's Forward Rate of Return (Yacktman) is ranked higher than
86% of the 162 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -8.96 vs. ATW: 4.91 )
ATW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -20.5   Max: 50.2
Current: 4.91

-20.5
50.2

Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling
Compare:SDRL, ESV, PES, OMVJF, SBR » details
Traded in other countries:AWZ.Germany
Atwood Oceanics, Inc. was organized in 1968 as a Texas corporation and commenced operations in 1970. It is headquartered in Houston, Texas with support offices in Australia, Malaysia, Singapore and the United Kingdom. The Company along with its subsidiaries is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells and related support, management and consulting services. Its current worldwide operations include eleven mobile offshore drilling units located in the U.S. Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia and offshore Australia. The company is also in the process of constructing three ultra-deep-water drill ships and two high-specification jackups for delivery in fiscal years 2013 through 2015. Its various types of drilling rigs are Ultra-Deep-water Drill-ships, Semisubmersible Rigs, Semisubmersible Tender Assist Rigs, Jack-up Drilling Rigs, and Submersible Drilling Rigs. The semisubmersible drilling unit is designed to operate in greater water depths than a jack-up drilling rig and in more severe sea conditions than other types of drilling units. Semisubmersible rigs are generally more expensive to operate than jack-up drilling rigs and are often limited in the amount of supplies that can be stored on board. Semisubmersible tender assist rigs operate like semisubmersible rigs except that their drilling equipment is temporarily installed on permanently constructed offshore support platforms. Semisubmersible tender assist rigs provide crew accommodations, storage facilities and other support for drilling operations. A jack-up drilling rig contains all of the drilling equipment on a single hull designed to be towed to a well site. The Submersible Drilling Rigs are designed to operate in shallow water depths ranging from 9 to 70 feet and can operate in moderately severe sea conditions. The company obtains contracts under which it operates its units either through direct negotiation with customers or by submitting proposals in competition with other contractors. Some of its customers are Chevron Australia, Noble and Kosmos Energy Ghana Inc. It competes with several international offshore drilling contractors. The company derives significant portion of its revenues from operations outside the United States. It complies with extensive government regulation in the form of international conventions, federal, state and local laws and regulations in jurisdictions where its vessels operate and are registered. The company is subject to changing tax laws, treaties and regulations in and between countries in which it operates.

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User Comments

Stitifier
ReplyStitifier - 1 month ago
Looks materially discounted based upon analyst concerns for industry cyclical downturn, but review of current contract status indicates that most of ATW's high-spec drilling assets are contracted for the foreseeable future. CAPEX should significantly decrease after 2015 after completion of current drillships. Bear case, probably FV around $60.

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