(TDW) Tidewater - Ratings and Ratios
Offshore Vessels, Marine Services, Support Fleet, Energy Industry
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 52.8% |
| Value at Risk 5%th | 78.6% |
| Relative Tail Risk | -9.47% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.44 |
| Alpha | -1.15 |
| CAGR/Max DD | 0.32 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.398 |
| Beta | 1.199 |
| Beta Downside | 1.848 |
| Drawdowns 3y | |
|---|---|
| Max DD | 70.35% |
| Mean DD | 26.55% |
| Median DD | 17.01% |
Description: TDW Tidewater November 09, 2025
Tidewater Inc. (NYSE:TDW) operates a global fleet of offshore support vessels that service the offshore energy sector, including oil & gas exploration, production, and the emerging offshore wind market. Its services span anchor handling, towage, platform supply, crew transport, subsea support, and pipe-cable laying for both fossil-fuel and renewable projects.
Key operational metrics that investors watch include the company’s fleet size (approximately 140 vessels as of 2024), average vessel utilization (historically around 85% ± 5% pp), and day-rate earnings (the consolidated average day rate has hovered near $15k ± $2k in the last twelve months). Tidewater’s revenue is highly sensitive to oil price cycles and offshore drilling activity, but the growing offshore wind pipeline in the U.S. and Europe provides a secular demand tailwind that could offset some of the volatility in the oil-centric segment.
From a financial perspective, the firm’s leverage ratio (net debt/EBITDA) sits near 3.2×, and its free cash flow conversion has been roughly 30% of EBITDA, indicating modest cash generation capacity that may be stretched if day-rates compress during a prolonged oil price downturn.
For a deeper, data-driven assessment of Tidewater’s valuation dynamics, you might explore ValueRay’s analytical toolkit, which aggregates real-time market and operational data to help quantify upside and downside scenarios.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (151.7m TTM) > 0 and > 6% of Revenue (6% = 81.7m TTM) |
| FCFTA 0.14 (>2.0%) and ΔFCFTA 4.04pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 38.49% (prev 27.04%; Δ 11.45pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.15 (>3.0%) and CFO 317.5m > Net Income 151.7m (YES >=105%, WARN >=100%) |
| Net Debt (247.3m) to EBITDA (467.6m) ratio: 0.53 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.89 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (49.5m) change vs 12m ago -6.75% (target <= -2.0% for YES) |
| Gross Margin 30.49% (prev 29.20%; Δ 1.29pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 65.19% (prev 63.67%; Δ 1.52pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.33 (EBITDA TTM 467.6m / Interest Expense TTM 66.1m) >= 6 (WARN >= 3) |
Altman Z'' 1.18
| (A) 0.25 = (Total Current Assets 800.3m - Total Current Liabilities 276.5m) / Total Assets 2.13b |
| (B) -0.25 = Retained Earnings (Balance) -525.0m / Total Assets 2.13b |
| (C) 0.14 = EBIT TTM 286.5m / Avg Total Assets 2.09b |
| (D) -0.52 = Book Value of Equity -517.1m / Total Liabilities 989.9m |
| Total Rating: 1.18 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 92.76
| 1. Piotroski 8.0pt |
| 2. FCF Yield 10.04% |
| 3. FCF Margin 21.48% |
| 4. Debt/Equity 0.59 |
| 5. Debt/Ebitda 0.53 |
| 6. ROIC - WACC (= 11.80)% |
| 7. RoE 13.45% |
| 8. Rev. Trend 90.59% |
| 9. EPS Trend 87.14% |
What is the price of TDW shares?
Over the past week, the price has changed by +3.97%, over one month by +4.33%, over three months by -3.42% and over the past year by +20.43%.
Is TDW a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 1
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the TDW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 62.8 | 10.1% |
| Analysts Target Price | 62.8 | 10.1% |
| ValueRay Target Price | 65.8 | 15.3% |
TDW Fundamental Data Overview November 25, 2025
P/E Trailing = 18.0976
P/E Forward = 36.3636
P/S = 1.9573
P/B = 2.3313
P/EG = -0.04
Beta = 0.589
Revenue TTM = 1.36b USD
EBIT TTM = 286.5m USD
EBITDA TTM = 467.6m USD
Long Term Debt = 649.8m USD (from longTermDebt, last quarter)
Short Term Debt = 25.7m USD (from shortTermDebt, last quarter)
Debt = 675.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 247.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.91b USD (2.66b + Debt 675.5m - CCE 428.2m)
Interest Coverage Ratio = 4.33 (Ebit TTM 286.5m / Interest Expense TTM 66.1m)
FCF Yield = 10.04% (FCF TTM 292.3m / Enterprise Value 2.91b)
FCF Margin = 21.48% (FCF TTM 292.3m / Revenue TTM 1.36b)
Net Margin = 11.14% (Net Income TTM 151.7m / Revenue TTM 1.36b)
Gross Margin = 30.49% ((Revenue TTM 1.36b - Cost of Revenue TTM 946.1m) / Revenue TTM)
Gross Margin QoQ = 28.53% (prev 31.24%)
Tobins Q-Ratio = 1.37 (Enterprise Value 2.91b / Total Assets 2.13b)
Interest Expense / Debt = 2.46% (Interest Expense 16.6m / Debt 675.5m)
Taxrate = 104.9% (out of range, set to none) (21.7m / 20.7m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 2.89 (Total Current Assets 800.3m / Total Current Liabilities 276.5m)
Debt / Equity = 0.59 (Debt 675.5m / totalStockholderEquity, last quarter 1.14b)
Debt / EBITDA = 0.53 (Net Debt 247.3m / EBITDA 467.6m)
Debt / FCF = 0.85 (Net Debt 247.3m / FCF TTM 292.3m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.12% (Net Income 151.7m / Total Assets 2.13b)
RoE = 13.45% (Net Income TTM 151.7m / Total Stockholder Equity 1.13b)
RoCE = 16.12% (EBIT 286.5m / Capital Employed (Equity 1.13b + L.T.Debt 649.8m))
RoIC = 20.12% (EBIT 286.5m / (Assets 2.13b - Curr.Liab 276.5m - Cash 428.2m))
WACC = 8.32% (E(2.66b)/V(3.34b) * Re(10.43%) + (debt cost/tax rate unavailable))
Discount Rate = 10.43% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.26%
[DCF Debug] Terminal Value 74.08% ; FCFE base≈254.7m ; Y1≈314.2m ; Y5≈536.1m
Fair Price DCF = 123.3 (DCF Value 6.11b / Shares Outstanding 49.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 87.14 | EPS CAGR: 37.25% | SUE: -0.25 | # QB: 0
Revenue Correlation: 90.59 | Revenue CAGR: 36.86% | SUE: 1.32 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.73 | Chg30d=-0.015 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=3.63 | Chg30d=-0.191 | Revisions Net=-1 | Growth EPS=+19.3% | Growth Revenue=+0.8%
Additional Sources for TDW Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle