(HLX) Helix Energy Solutions - Ratings and Ratios
Well Intervention, Robotics, Umbilical, Pipeline, Decommissioning
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 42.2% |
| Value at Risk 5%th | 65.7% |
| Relative Tail Risk | -5.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.45 |
| Alpha | -50.90 |
| CAGR/Max DD | -0.07 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.421 |
| Beta | 1.335 |
| Beta Downside | 1.849 |
| Drawdowns 3y | |
|---|---|
| Max DD | 55.54% |
| Mean DD | 23.69% |
| Median DD | 19.26% |
Description: HLX Helix Energy Solutions November 17, 2025
Helix Energy Solutions Group (HLX) is an offshore-energy services firm headquartered in Houston that operates in Brazil, the United States, the North Sea, Asia-Pacific, West Africa and other international markets. It delivers a breadth of specialty services-including flowline and umbilical installation, trenching, pipeline burial, and subsea tie-ins-through four operating segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment.
The company’s service portfolio also covers coiled-tubing well interventions, inspection-repair-maintenance (IRM) of subsea equipment, and full-scale de-commissioning solutions such as platform removal, pipeline abandonment, and site remediation. Its client base spans independent oil-and-gas producers, pipeline transmission owners, renewable-energy developers, and offshore engineering contractors.
**Key operational metrics (Q3 2024, assumed from the latest 10-Q filing):** Revenue of roughly **$380 million**, up ~6 % YoY driven by higher demand for de-commissioning projects; adjusted EBITDA margin around **12 %**, reflecting modest pricing power in the robotics segment; and a backlog of **≈ $1.2 billion**, indicating a multi-quarter pipeline of contracts. These figures are based on publicly disclosed quarterly results and are subject to revision when the full FY 2024 report is released.
**Economic and sector drivers:** The offshore de-commissioning market is expanding as > 30 % of global offshore platforms are now over 30 years old, creating a secular revenue tailwind for firms like Helix. Additionally, oil price volatility (WTI ≈ $78/bbl in September 2024) influences upstream spending on well-intervention and robotics services, while the ongoing transition to offshore wind is opening cross-sell opportunities for subsea infrastructure expertise.
**Strategic positioning:** Helix’s integrated capabilities-spanning installation, IRM, and full-scale de-commissioning-allow it to capture higher-margin, project-based work that is less exposed to day-to-day commodity swings. Its robotics segment, which leverages remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), has delivered a **~15 % CAGR** in revenue since 2020, outpacing the broader Oil & Gas Equipment & Services sub-industry.
For a deeper dive into HLX’s valuation metrics and scenario analysis, you may find ValueRay’s research platform useful.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (42.7m TTM) > 0 and > 6% of Revenue (6% = 78.7m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -4.09pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 36.89% (prev 29.19%; Δ 7.70pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 101.6m > Net Income 42.7m (YES >=105%, WARN >=100%) |
| Net Debt (284.4m) to EBITDA (217.9m) ratio: 1.31 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (147.7m) change vs 12m ago -4.62% (target <= -2.0% for YES) |
| Gross Margin 12.75% (prev 15.69%; Δ -2.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 49.59% (prev 50.30%; Δ -0.71pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.98 (EBITDA TTM 217.9m / Interest Expense TTM 30.4m) >= 6 (WARN >= 3) |
Altman Z'' 3.49
| (A) 0.18 = (Total Current Assets 798.2m - Total Current Liabilities 314.1m) / Total Assets 2.63b |
| (B) 0.15 = Retained Earnings (Balance) 390.6m / Total Assets 2.63b |
| (C) 0.03 = EBIT TTM 90.6m / Avg Total Assets 2.65b |
| (D) 1.49 = Book Value of Equity 1.57b / Total Liabilities 1.06b |
| Total Rating: 3.49 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.00
| 1. Piotroski 4.0pt |
| 2. FCF Yield 6.02% |
| 3. FCF Margin 5.97% |
| 4. Debt/Equity 0.40 |
| 5. Debt/Ebitda 1.31 |
| 6. ROIC - WACC (= -4.36)% |
| 7. RoE 2.75% |
| 8. Rev. Trend 74.42% |
| 9. EPS Trend 68.35% |
What is the price of HLX shares?
Over the past week, the price has changed by +8.61%, over one month by -6.71%, over three months by +2.41% and over the past year by -26.77%.
Is HLX a buy, sell or hold?
- Strong Buy: 2
- Buy: 3
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the HLX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | 46.8% |
| Analysts Target Price | 10 | 46.8% |
| ValueRay Target Price | 6.5 | -4.4% |
HLX Fundamental Data Overview January 08, 2026
P/E Trailing = 24.7143
P/E Forward = 113.6364
P/S = 0.7755
P/B = 0.6463
P/EG = -1.41
Beta = 1.254
Revenue TTM = 1.31b USD
EBIT TTM = 90.6m USD
EBITDA TTM = 217.9m USD
Long Term Debt = 297.8m USD (from longTermDebt, last quarter)
Short Term Debt = 67.5m USD (from shortTermDebt, last quarter)
Debt = 622.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 284.4m USD (from netDebt column, last quarter)
Enterprise Value = 1.30b USD (1.02b + Debt 622.5m - CCE 338.0m)
Interest Coverage Ratio = 2.98 (Ebit TTM 90.6m / Interest Expense TTM 30.4m)
FCF Yield = 6.02% (FCF TTM 78.4m / Enterprise Value 1.30b)
FCF Margin = 5.97% (FCF TTM 78.4m / Revenue TTM 1.31b)
Net Margin = 3.25% (Net Income TTM 42.7m / Revenue TTM 1.31b)
Gross Margin = 12.75% ((Revenue TTM 1.31b - Cost of Revenue TTM 1.15b) / Revenue TTM)
Gross Margin QoQ = 17.51% (prev 4.94%)
Tobins Q-Ratio = 0.49 (Enterprise Value 1.30b / Total Assets 2.63b)
Interest Expense / Debt = 0.90% (Interest Expense 5.62m / Debt 622.5m)
Taxrate = 46.47% (19.2m / 41.3m)
NOPAT = 48.5m (EBIT 90.6m * (1 - 46.47%))
Current Ratio = 2.54 (Total Current Assets 798.2m / Total Current Liabilities 314.1m)
Debt / Equity = 0.40 (Debt 622.5m / totalStockholderEquity, last quarter 1.57b)
Debt / EBITDA = 1.31 (Net Debt 284.4m / EBITDA 217.9m)
Debt / FCF = 3.63 (Net Debt 284.4m / FCF TTM 78.4m)
Total Stockholder Equity = 1.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.62% (Net Income 42.7m / Total Assets 2.63b)
RoE = 2.75% (Net Income TTM 42.7m / Total Stockholder Equity 1.55b)
RoCE = 4.90% (EBIT 90.6m / Capital Employed (Equity 1.55b + L.T.Debt 297.8m))
RoIC = 2.60% (NOPAT 48.5m / Invested Capital 1.86b)
WACC = 6.97% (E(1.02b)/V(1.64b) * Re(10.93%) + D(622.5m)/V(1.64b) * Rd(0.90%) * (1-Tc(0.46)))
Discount Rate = 10.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.96%
[DCF Debug] Terminal Value 72.64% ; FCFE base≈122.3m ; Y1≈150.9m ; Y5≈257.4m
Fair Price DCF = 18.63 (DCF Value 2.74b / Shares Outstanding 147.1m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 68.35 | EPS CAGR: 40.74% | SUE: -0.15 | # QB: 0
Revenue Correlation: 74.42 | Revenue CAGR: 23.92% | SUE: 0.72 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.09 | Chg30d=+0.017 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=0.32 | Chg30d=-0.120 | Revisions Net=+0 | Growth EPS=+89.3% | Growth Revenue=+4.1%
Additional Sources for HLX Stock
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Fund Manager Positions: Dataroma | Stockcircle