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Tidewater (Tidewater) Intrinsic Value: Projected FCF

: $16.08 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-24), Tidewater's Intrinsic Value: Projected FCF is $16.08. The stock price of Tidewater is $92.03. Therefore, Tidewater's Price-to-Intrinsic-Value-Projected-FCF of today is 5.7.

The historical rank and industry rank for Tidewater's Intrinsic Value: Projected FCF or its related term are showing as below:

TDW' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.67   Med: 1.5   Max: 5.89
Current: 5.71

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tidewater was 5.89. The lowest was 0.67. And the median was 1.50.

TDW's Price-to-Projected-FCF is ranked worse than
93.96% of 679 companies
in the Oil & Gas industry
Industry Median: 0.83 vs TDW: 5.71

Tidewater Intrinsic Value: Projected FCF Historical Data

The historical data trend for Tidewater's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tidewater Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 12.87 10.57 11.59 16.08

Tidewater Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.59 11.67 11.74 14.31 16.08

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Tidewater's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tidewater Price-to-Projected-FCF Distribution

For the Oil & Gas industry and Energy sector, Tidewater's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Tidewater's Price-to-Projected-FCF falls into.



Tidewater Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Tidewater's Free Cash Flow(6 year avg) = $4.00.

Tidewater's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*3.99616+1039.239*0.8)/54.077
=16.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tidewater  (NYSE:TDW) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Tidewater's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=92.03/16.077741890891
=5.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tidewater Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Tidewater's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Tidewater (Tidewater) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Inc (NYSE:TDW) » Definitions » Intrinsic Value: Projected FCF
Traded in Other Exchanges
Address
842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024
Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.
Executives
Robert Robotti director 125 PARK AVENUE, SUITE 1607, NEW YORK NY 10017
David E Darling officer: EVP, COO & Chief HR Officer 6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Samuel R Rubio officer: EVP, CFO & CAO 10111 RICHMOND AVE., STE. 340, HOUSTON TX 77042
Louis Raspino director 1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Lois K Zabrocky director 666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Melissa Cougle director 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Darron M. Anderson director 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Quintin Kneen director, officer: Director, President & CEO 400 N. SAM HOUSTON PKWY E. #900, HOUSTON TX 77060
Daniel A. Hudson officer: EVP & General Counsel 6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Kenneth H Traub director
Larry T Rigdon director 914 MAIN STREET, SUITE 1805, HOUSTON TX 77002
Robert P. Tamburrino director C/O TIDEWATER INC., 6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
John T Rynd director, officer: President and CEO 11 GREENWAY PLAZA, SUITE 2950, HOUSTON TX 77046
Randee E Day director 217 DEBRA LANE, PALM BEACH FL 33480
Dick Fagerstal director C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022

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