Professional
Added to YB: 2025-10-13
Pitch date: 2025-10-08
TDW [neutral]
Tidewater Inc.
+6.05%
current return
Author Info
No bio for this author
Company Info
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.
Market Cap
$2.8B
Pitch Price
$53.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.86
P/E
19.05
EV/Sales
2.24
Sector
Energy Equipment and Services
Category
turnaround
Black Bear Value Partners Portfolio Holding: Tidewater Inc.
TDW (holding update): Marine services w/ largest OSV fleet serving offshore energy. Generating $300M+ FCF vs $2.7B market cap (11% yield). Normal environment could yield $500M-1B FCF (20-35% yields). Global OSV fleet shrinking 40% over decade, shipyard capacity down 60% since GFC. Recently launched $500M buyback after paying off debt.
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