HMH Stock Analysis: HMH Holding Common Stock | NASDAQ
Oil & Gas Equipment & Services | NASDAQ, USA | Market Cap: 240m USD | 12M Return: 5.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.11M
Rev. Trend: 62.8%
Warnings
Tailwinds
Seasonality 0.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HMH Holding Inc. is a Houston-based provider of drilling equipment, pressure control systems, and aftermarket services for the onshore and offshore oil and gas industry, with operations concentrated in the United States and Norway. The company sells newbuild and reactivation drilling equipment packages as well as individual components to drilling contractors, exploration and production operators, and shipyards, and has expanded into serving the onshore and subsea mining industry. Its product portfolio is organized into pressure control systems-most notably blowout preventers (BOPs), which are critical safety devices used to seal oil and gas wells-and topside equipment such as top drives, iron roughnecks, derricks, drawworks, mud pumps, and mud mixing systems. Beyond equipment sales, HMH generates recurring revenue from aftermarket services, including spare parts, overhauls, recertifications, and integrated digital solutions for remote drilling automation and condition-based monitoring. The company began trading on NASDAQ in April 2026 following a small-cap IPO valued at roughly $834 million.
The oil and gas equipment and services sector is highly cyclical, with demand closely tied to global crude prices, rig counts, and the capital spending budgets of E&P companies; offshore activity in particular is capital-intensive and sensitive to long-term commodity outlooks. Diversification into subsea mining reflects a broader industry trend of applying established offshore technologies to the development of seabed mineral resources, such as those needed for battery and renewable energy supply chains.
- Offshore rig newbuild orders drive pressure control system revenue
- Aftermarket and digital solutions margins expand with installed base
- Oil price weakness pressures drilling contractor capital spending budgets
| Net Income: 42.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.47 > 1.0 |
| NWC/Revenue: 53.24% < 20% (prev 40.28%; Δ 12.95% < -1%) |
| CFO/TA 0.06 > 3% & CFO 82.0m > Net Income 42.8m |
| Net Debt (342.3m) to EBITDA (155.1m): 2.21 < 3 |
| Current Ratio: 2.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.0m) vs 12m ago 0.01% < -2% |
| Gross Margin: 30.69% > 18% (prev 32.27%; Δ -1.59% > 0.5%) |
| Asset Turnover: 57.13% > 50% (prev 60.73%; Δ -3.59% > 0%) |
| Interest Coverage Ratio: 2.73 > 6 (EBIT TTM 112.3m / Interest Expense TTM 41.1m) |
| A: 0.30 (Total Current Assets 669.0m - Total Current Liabilities 245.9m) / Total Assets 1.39b |
| B: 0.06 (Retained Earnings 87.4m / Total Assets 1.39b) |
| C: 0.08 (EBIT TTM 112.3m / Avg Total Assets 1.39b) |
| D: 1.04 (Book Value of Equity 707.7m / Total Liabilities 683.0m) |
| Altman-Z'' = 3.83 = AA |
| DSRI: 0.96 (Receivables 271.5m/300.8m, Revenue 794.6m/843.4m) |
| GMI: 1.05 (GM 32.27% / 30.69%) |
| AQI: 0.97 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 0.94 (Revenue 794.6m / 843.4m) |
| TATA: -0.03 (NI 42.8m - CFO 82.0m) / TA 1.39b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at USD 19.91 with a total of 86,643 shares traded. Over the past week, the price has changed by +9.45%, over one month by -5.13%, over three months by +4.43% and over the past year by +5.21%.
Current recommended Stop Loss: 16.70 (which is 16.1% or 2.8 ATR below the current price).
HMH Holding Common Stock has no consensus analysts rating.
P/E Trailing = 36.0
P/S = 0.3018
P/B = 0.3387
Revenue TTM = 794.6m USD
EBIT TTM = 112.3m USD
EBITDA TTM = 155.1m USD
Long Term Debt = 342.5m USD (from longTermDebt, last quarter)
Short Term Debt = 11.9m USD (from shortTermDebt, last quarter)
Debt = 443.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 49.8m
Net Debt = 342.3m USD (calculated: Debt 443.6m - CCE 101.3m)
Enterprise Value = 582.1m USD (239.8m + Debt 443.6m - CCE 101.3m)
Interest Coverage Ratio = 2.73 (Ebit TTM 112.3m / Interest Expense TTM 41.1m)
EV/FCF = 9.00x (Enterprise Value 582.1m / FCF TTM 64.7m)
FCF Yield = 11.12% (FCF TTM 64.7m / Enterprise Value 582.1m)
FCF Margin = 8.14% (FCF TTM 64.7m / Revenue TTM 794.6m)
Net Margin = 5.38% (Net Income TTM 42.8m / Revenue TTM 794.6m)
Gross Margin = 30.69% ((Revenue TTM 794.6m - Cost of Revenue TTM 550.8m) / Revenue TTM)
Gross Margin QoQ = 31.92% (prev 38.24%)
Tobins Q-Ratio = 0.42 (Enterprise Value 582.1m / Total Assets 1.39b)
Interest Expense / Debt = 9.27% (Interest Expense 41.1m / Debt 443.6m)
Taxrate = 38.02% (27.1m / 71.2m)
NOPAT = 69.6m (EBIT 112.3m * (1 - 38.02%))
Current Ratio = 2.72 (Total Current Assets 669.0m / Total Current Liabilities 245.9m)
Debt / Equity = 0.63 (Debt 443.6m / totalStockholderEquity, last quarter 707.7m)
Debt / EBITDA = 2.21 (Net Debt 342.3m / EBITDA 155.1m)
Debt / FCF = 5.29 (Net Debt 342.3m / FCF TTM 64.7m)
Total Stockholder Equity = 689.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.08% (Net Income 42.8m / Total Assets 1.39b)
RoE = 6.20% (Net Income TTM 42.8m / Total Stockholder Equity 689.7m)
RoCE = 10.88% (EBIT 112.3m / Capital Employed (Equity 689.7m + L.T.Debt 342.5m))
RoIC = 6.22% (NOPAT 69.6m / Invested Capital 1.12b)
WACC = 5.65% (E(239.8m)/V(683.4m) * Re(5.47%) + D(443.6m)/V(683.4m) * Rd(9.27%) * (1-Tc(0.38)))
Discount Rate = 5.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 53.45 | Cagr: 0.00%
[DCF] Terminal Value 77.97% ; FCFF base≈45.4m ; Y1≈52.0m ; Y5≈76.5m
[DCF] Fair Price = 66.81 (EV 1.15b - Net Debt 342.3m = Equity 809.1m / Shares 12.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 62.76 | Revenue CAGR: 2.29% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=+3.88% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.43 | Chg30d=+1.24% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=1.39 | Chg30d=+13.09% | Revisions=+0% | GrowthEPS=-100.0% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=2.22 | Chg30d=+0.50% | Revisions=-25% | GrowthEPS=+55.0% | GrowthRev=+15.1%
[Analyst] Revisions Ratio: -25% (up=0, down=1)